QNB CORP
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 15, 2024
QNBC$47.40-0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| (in thousands, except share data) | ||
|---|---|---|
| December 31, | 2023 | 2022 |
| Assets | ||
| Cash and due from banks | $11,447 | $14,657 |
| Interest-bearing deposits in banks | 51,210 | 1,242 |
| Total cash and cash equivalents | 62,657 | 15,899 |
| Investment securities: | ||
| Available-for-sale (amortized cost $576,178 and $649,217) | 490,182 | 546,525 |
| Equity securities (cost of $5,695 and $12,091) | 5,910 | 12,056 |
| Restricted investment in stocks | 2,730 | 5,193 |
| Loans held-for-sale | 549 | — |
| Loans receivable | 1,093,533 | 1,039,385 |
| Allowance for loan losses | (8,852) | (10,531) |
| Net loans | 1,084,681 | 1,028,854 |
| Bank-owned life insurance | 11,946 | 11,625 |
| Premises and equipment, net | 14,952 | 15,463 |
| Accrued interest receivable | 6,101 | 5,038 |
| Net deferred tax assets | 19,290 | 23,077 |
| Other assets | 7,320 | 4,767 |
| Total assets | $1,706,318 | $1,668,497 |
| Liabilities | ||
| Deposits | ||
| Demand, non-interest bearing | $185,098 | $231,849 |
| Interest-bearing demand | 462,712 | 452,927 |
| Money market | 222,843 | 127,043 |
| Savings | 303,079 | 431,101 |
| Time less than $100 | 149,851 | 91,329 |
| Time $100 through $250 | 121,793 | 59,650 |
| Time greater than $250 | 43,337 | 24,470 |
| Total deposits | 1,488,713 | 1,418,369 |
| Short-term borrowings | 94,094 | 161,327 |
| Long-term debt | 20,000 | 10,000 |
| Accrued interest payable | 5,294 | 467 |
| Other liabilities | 7,393 | 7,376 |
| Total liabilities | 1,615,494 | 1,597,539 |
| Shareholders' Equity | ||
| Common stock, par value $0.625 per share; authorized 10,000,000 shares; 3,861,940 shares and 3,796,948 shares issued; 3,653,254 and 3,588,262 shares outstanding | 2,414 | 2,373 |
| Surplus | 26,439 | 24,798 |
| Retained earnings | 133,945 | 128,951 |
| Accumulated other comprehensive loss, net of tax | (67,937) | (81,127) |
| Treasury stock, at cost; 208,686 and 208,686 shares | (4,037) | (4,037) |
| Total shareholders' equity | 90,824 | 70,958 |
| Total liabilities and shareholders' equity | $1,706,318 | $1,668,497 |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.