QUAINT OAK BANCORP, INC.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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FY2024 · Filed Mar 28, 2025
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EX-13.0 · Statements of Income
Statements of Income
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Income | |||
| Gain on the sale of 1710 Union Boulevard | $1,485 | $ | - |
| Rental income | 364 | 399 | |
| Total Income | 1,849 | 399 | |
| Expenses | |||
| Occupancy and equipment expense | 103 | 115 | |
| Interest on subordinated debt | 1,934 | 1,449 | |
| Other expenses | 141 | 556 | |
| Total Expenses | 2,178 | 2,120 | |
| Net Income Before Income Taxes | (329) | (1,721) | |
| Equity in Undistributed Net Income of Subsidiary | 3,055 | 3,380 | |
| Income Tax Benefit | 69 | 361 | |
| Net Income | $2,795 | $2,020 | |
| Comprehensive Income | $2,805 | $2,034 | |
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Quaint Oak Bancorp, Inc.
Note22 – Quaint Oak Bancorp, Inc. (Parent Company Only) (Continued)
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