QNB CORP.
For the period ended Dec 31, 2024. Filed Mar 18, 2025.
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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.
FY2024 · Filed Mar 18, 2025
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, | 2024 | 2023 |
| Assets | ||
| Cash and due from banks | $11,369 | $11,447 |
| Interest-bearing deposits in banks | 39,344 | 51,210 |
| Total cash and cash equivalents | 50,713 | 62,657 |
| Investment securities: | ||
| Available-for-sale (amortized cost $626,391 and $576,178) | 546,559 | 490,182 |
| Equity securities (cost of $0 and $5,695) | — | 5,910 |
| Restricted investment in stocks | 5,436 | 2,730 |
| Loans held-for-sale | 664 | 549 |
| Loans receivable | 1,216,048 | 1,093,533 |
| Allowance for loan losses | (8,744) | (8,852) |
| Net loans | 1,207,304 | 1,084,681 |
| Bank-owned life insurance | 11,937 | 11,946 |
| Premises and equipment, net | 17,255 | 14,952 |
| Accrued interest receivable | 4,965 | 6,101 |
| Net deferred tax assets | 18,325 | 19,290 |
| Other assets | 7,736 | 7,320 |
| Total assets | $1,870,894 | $1,706,318 |
| Liabilities | ||
| Deposits | ||
| Demand, non-interest bearing | $183,499 | $185,098 |
| Interest-bearing demand | 537,846 | 462,712 |
| Money market | 250,293 | 222,843 |
| Savings | 275,445 | 303,079 |
| Time less than $100 | 178,163 | 149,851 |
| Time $100 through $250 | 156,614 | 121,793 |
| Time greater than $250 | 46,681 | 43,337 |
| Total deposits | 1,628,541 | 1,488,713 |
| Short-term borrowings | 53,844 | 94,094 |
| Long-term debt | 30,000 | 20,000 |
| Subordinated debt | 39,068 | — |
| Accrued interest payable | 7,580 | 5,294 |
| Other liabilities | 8,512 | 7,393 |
| Total liabilities | 1,767,545 | 1,615,494 |
| Shareholders' Equity | ||
| Common stock, par value $0.625 per share; authorized 10,000,000 shares; 3,905,302 shares and 3,861,940 shares issued; 3,696,616 and 3,653,254 shares outstanding | 2,441 | 2,414 |
| Surplus | 27,633 | 26,439 |
| Retained earnings | 139,958 | 133,945 |
| Accumulated other comprehensive loss, net of tax | (62,646) | (67,937) |
| Treasury stock, at cost; 208,686 and 208,686 shares | (4,037) | (4,037) |
| Total shareholders' equity | 103,349 | 90,824 |
| Total liabilities and shareholders' equity | $1,870,894 | $1,706,318 |
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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.