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$47.61+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income
| (in thousands) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Year ended December 31, | 2023 | 2022 | 2021 | ||||||
| Before tax amount | Tax expense(benefit) | Net of tax amount | Before tax amount | Tax expense(benefit) | Net of tax amount | Before tax amount | Tax expense(benefit) | Net of tax amount | |
| Net income | $11,727 | $2,244 | $9,483 | $19,586 | $3,665 | $15,921 | $20,453 | $3,961 | $16,492 |
| Other comprehensive income/(loss): | |||||||||
| Net unrealized holding gain/(loss) on available-for-sale securities: | |||||||||
| Unrealized holding gain/(loss) arising during the period | 16,388 | 3,441 | 12,947 | (98,097) | (20,600) | (77,497) | (11,867) | (2,492) | (9,375) |
| Reclassification adjustment for loss/(gain) included in net income | 2,058 | 432 | 1,626 | 139 | 29 | 110 | (18) | (4) | (14) |
| Net unrealized holding loss on fair value hedge: | |||||||||
| Unrealized holding loss arising during the period | (1,693) | (355) | (1,338) | — | — | — | — | — | — |
| Reclassification adjustment for fair value remeasurements included in net income | (57) | (12) | (45) | — | — | — | — | — | — |
| Other comprehensive income/(loss): | 16,696 | 3,506 | 13,190 | (97,958) | (20,571) | (77,387) | (11,885) | (2,496) | (9,389) |
| Total comprehensive income (loss) | $28,423 | $5,750 | $22,673 | $(78,372) | $(16,906) | $(61,466) | $8,568 | $1,465 | $7,103 |
The accompanying notes are an integral part of the consolidated financial statements
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