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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Due from banks, non-interest-bearing $ 854 $ 205
Due from banks, interest-bearing 9,851 33,708
Cash and cash equivalents 10,705 33,913
Investment in interest-earning time deposits 7,924 9,463
Investment securities available for sale 4,033 10,725
Loans held for sale 107,823 53,191
Loans receivable, net of allowance for loan losses (2021 $5,262; 2020 $3,061) 403,966 359,122
Accrued interest receivable 3,139 3,054
Investment in Federal Home Loan Bank stock, at cost 2,178 1,665
Bank-owned life insurance 4,137 4,054
Premises and equipment, net 2,653 2,341
Goodwill 2,573 515
Other intangible, net of accumulated amortization 222 271
Other real estate owned, net   286
Prepaid expenses and other assets 4,762 5,475
Total Assets 554,115 484,075
Liabilities    
Non-interest bearing 64,731 54,202
Interest-bearing 382,435 300,643
Total deposits 447,166 354,845
Federal Home Loan Bank short-term borrowings 26,000 10,000
Federal Home Loan Bank long-term borrowings 23,193 28,193
Federal Reserve Bank long-term borrowings 3,895 48,134
Subordinated debt 7,933 7,899
Accrued interest payable 174 362
Advances from borrowers for taxes and insurance 2,856 2,486
Accrued expenses and other liabilities 5,989 3,428
Total Liabilities 517,206 455,347
Stockholders’ Equity    
Preferred stock – $0.01 par value, 1,000,000 shares authorized; none issued or outstanding 0 0
Common stock – $0.01 par value; 9,000,000 shares authorized; 2,777,250 issued; 2,011,313 and 1,986,528 outstanding at December 31, 2021 and 2020, respectively 28 28
Additional paid-in capital 15,685 15,282
Treasury stock, at cost: 765,937 and 790,722 shares at December 31, 2021 and 2020, respectively (4,977) (5,114)
Unallocated common stock held by: Employee Stock Ownership Plan (ESOP)   (51)
Accumulated other comprehensive income 23 118
Retained earnings 24,030 18,465
Total Quaint Oak Bancorp, Inc. Stockholders’ Equity 34,789 28,728
Noncontrolling Interest 2,120  
Total Stockholders’ Equity 36,909 28,728
Total Liabilities and Stockholders’ Equity $ 554,115 $ 484,075