QUAINT OAK BANCORP INC
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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FY2023 · Filed Mar 28, 2024
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EX-13.0 · Statements of Income
Statements of Income
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2023 · 2022 | |||
| Income | |||
| Rental income | $399 | $ | - |
| Total Income | 399 | 365 | |
| Expenses | |||
| Occupancy and equipment expense | 115 | 122 | |
| Interest on subordinated debt | 1,449 | 520 | |
| Other expenses | 556 | 158 | |
| Total Expenses | 2,120 | 800 | |
| Net Income Before Income Taxes | (1,721) | (435) | |
| Equity in Undistributed Net Income of Subsidiary | 3,380 | 8,207 | |
| Income Tax Benefit | 361 | 91 | |
| Net Income | $2,020 | $7,863 | |
| Comprehensive Income | $2,034 | $7,816 | |
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Quaint Oak Bancorp, Inc.
Note21 – Quaint Oak Bancorp, Inc. (Parent Company Only) (Continued)
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