Company Quick10K Filing
QNB
Price46.25 EPS3
Shares4 P/E14
MCap162 P/FCF17
Net Debt-21 EBIT24
TEV141 TEV/EBIT6
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-09-30 Filed 2020-11-05
10-Q 2020-06-30 Filed 2020-08-07
10-Q 2020-03-31 Filed 2020-05-07
10-K 2019-12-31 Filed 2020-03-13
10-Q 2019-09-30 Filed 2019-11-06
10-Q 2019-06-30 Filed 2019-08-07
10-Q 2019-03-31 Filed 2019-05-08
10-K 2018-12-31 Filed 2019-03-14
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-09
10-K 2017-12-31 Filed 2018-03-16
10-Q 2017-09-30 Filed 2017-11-08
10-Q 2017-06-30 Filed 2017-08-08
10-Q 2017-03-31 Filed 2017-05-08
10-K 2016-12-31 Filed 2017-03-15
10-Q 2016-09-30 Filed 2016-11-08
10-Q 2016-06-30 Filed 2016-08-08
10-Q 2016-03-31 Filed 2016-05-09
10-K 2015-12-31 Filed 2016-03-14
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-07
10-K 2014-12-31 Filed 2015-03-13
10-Q 2014-09-30 Filed 2014-11-13
10-Q 2014-06-30 Filed 2014-08-14
10-Q 2014-03-31 Filed 2014-05-15
10-K 2013-12-31 Filed 2014-03-31
10-Q 2013-09-30 Filed 2013-11-14
10-Q 2013-06-30 Filed 2013-08-14
10-Q 2013-03-31 Filed 2013-05-15
10-K 2012-12-31 Filed 2013-03-29
10-Q 2012-06-30 Filed 2012-08-10
10-Q 2012-03-31 Filed 2012-05-14
10-K 2011-12-31 Filed 2012-03-29
10-Q 2011-09-30 Filed 2011-11-14
10-Q 2011-06-30 Filed 2011-08-15
10-Q 2011-03-31 Filed 2011-05-16
10-K 2010-12-31 Filed 2011-03-30
10-Q 2010-09-30 Filed 2010-11-15
10-Q 2010-06-30 Filed 2010-08-16
10-Q 2010-03-31 Filed 2010-05-17
10-K 2009-12-31 Filed 2010-04-01
8-K 2020-10-27
8-K 2020-07-28
8-K 2020-05-26
8-K 2020-05-06
8-K 2020-04-28
8-K 2020-01-30
8-K 2019-10-25
8-K 2019-07-23
8-K 2019-05-28
8-K 2019-04-23
8-K 2019-01-25
8-K 2018-10-23
8-K 2018-06-30
8-K 2018-05-22
8-K 2018-04-24
8-K 2018-02-20
8-K 2018-01-10
8-K 2018-01-03
8-K 2017-12-31

QNBC 10Q Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosure About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Default Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
EX-31.1 qnbc-ex311_6.htm
EX-31.2 qnbc-ex312_9.htm
EX-32.1 qnbc-ex321_8.htm
EX-32.2 qnbc-ex322_10.htm

QNB Earnings 2020-09-30

Balance SheetIncome StatementCash Flow

qnbc-10q_20200930.htm
NONE --12-31 false 0000750558 Q3 P2Y true true us-gaap:AccountingStandardsUpdate201813Member us-gaap:CollateralPledgedMember us-gaap:CollateralPledgedMember P3Y P4Y10D P4Y2M1D P2Y5M15D P11M1D P2Y4M2D P8M19D 0 0 0 0 0 0 0 0 0.10 0.30 0.200 P2Y 0.120 P30Y 0.125 0.10 1.000 0.10 0.05 0.300 1.000 P2Y 0.120 P27Y 0.125 0.40 0000750558 2020-01-01 2020-09-30 xbrli:shares 0000750558 2020-10-30 iso4217:USD 0000750558 2020-09-30 0000750558 2019-12-31 iso4217:USD xbrli:shares 0000750558 2020-07-01 2020-09-30 0000750558 2019-07-01 2019-09-30 0000750558 2019-01-01 2019-09-30 0000750558 us-gaap:CommonStockMember 2020-06-30 0000750558 us-gaap:AdditionalPaidInCapitalMember 2020-06-30 0000750558 us-gaap:RetainedEarningsMember 2020-06-30 0000750558 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-06-30 0000750558 us-gaap:TreasuryStockMember 2020-06-30 0000750558 2020-06-30 0000750558 us-gaap:RetainedEarningsMember 2020-07-01 2020-09-30 0000750558 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-07-01 2020-09-30 0000750558 us-gaap:CommonStockMember 2020-07-01 2020-09-30 0000750558 us-gaap:AdditionalPaidInCapitalMember 2020-07-01 2020-09-30 0000750558 us-gaap:CommonStockMember 2020-09-30 0000750558 us-gaap:AdditionalPaidInCapitalMember 2020-09-30 0000750558 us-gaap:RetainedEarningsMember 2020-09-30 0000750558 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-09-30 0000750558 us-gaap:TreasuryStockMember 2020-09-30 0000750558 us-gaap:CommonStockMember 2019-06-30 0000750558 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000750558 us-gaap:RetainedEarningsMember 2019-06-30 0000750558 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0000750558 us-gaap:TreasuryStockMember 2019-06-30 0000750558 2019-06-30 0000750558 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0000750558 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0000750558 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0000750558 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0000750558 us-gaap:CommonStockMember 2019-09-30 0000750558 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0000750558 us-gaap:RetainedEarningsMember 2019-09-30 0000750558 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0000750558 us-gaap:TreasuryStockMember 2019-09-30 0000750558 2019-09-30 0000750558 us-gaap:RetainedEarningsMember 2020-01-01 2020-09-30 0000750558 us-gaap:RetainedEarningsMember 2019-01-01 2019-09-30 0000750558 us-gaap:CommonStockMember 2019-12-31 0000750558 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0000750558 us-gaap:RetainedEarningsMember 2019-12-31 0000750558 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0000750558 us-gaap:TreasuryStockMember 2019-12-31 0000750558 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-09-30 0000750558 us-gaap:CommonStockMember 2020-01-01 2020-09-30 0000750558 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-09-30 0000750558 us-gaap:CommonStockMember 2018-12-31 0000750558 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000750558 us-gaap:RetainedEarningsMember 2018-12-31 0000750558 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000750558 us-gaap:TreasuryStockMember 2018-12-31 0000750558 2018-12-31 0000750558 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0000750558 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0000750558 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0000750558 qnbc:RetailAndCommercialLoansMember 2020-01-01 2020-09-30 0000750558 qnbc:TroubledDebtRestructuringMember 2020-01-01 2020-09-30 qnbc:loan 0000750558 us-gaap:CommercialLoanMember 2020-01-01 2020-09-30 0000750558 qnbc:RetailLoansMember 2020-01-01 2020-09-30 xbrli:pure 0000750558 us-gaap:CommercialPortfolioSegmentMember 2020-01-01 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember 2020-01-01 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember 2020-09-30 0000750558 qnbc:PaycheckProtectionProgramMember 2020-08-13 2020-08-13 0000750558 qnbc:PaycheckProtectionProgramMember 2020-09-29 2020-09-30 0000750558 qnbc:PaycheckProtectionProgramMember srt:MinimumMember 2020-01-01 2020-09-30 0000750558 qnbc:PaycheckProtectionProgramMember srt:MaximumMember 2020-01-01 2020-09-30 0000750558 qnbc:PaycheckProtectionProgramMember 2020-01-01 2020-09-30 0000750558 qnbc:PaycheckProtectionProgramMember 2020-04-27 0000750558 qnbc:PaycheckProtectionProgramMember 2020-06-05 0000750558 qnbc:PaycheckProtectionProgramMember 2020-04-26 2020-04-27 0000750558 qnbc:PaycheckProtectionProgramMember 2020-06-04 2020-06-05 0000750558 qnbc:The2005PlanMember 2020-09-30 0000750558 qnbc:The2005PlanMember us-gaap:EmployeeStockOptionMember 2020-01-01 2020-09-30 0000750558 qnbc:The2005PlanMember 2020-01-01 2020-06-30 0000750558 qnbc:The2005PlanMember 2020-06-30 0000750558 qnbc:The2015PlanMember 2020-06-30 0000750558 qnbc:The2015PlanMember 2015-04-01 2020-06-30 0000750558 us-gaap:EmployeeStockOptionMember 2020-07-01 2020-09-30 0000750558 us-gaap:EmployeeStockOptionMember 2019-07-01 2019-09-30 0000750558 us-gaap:EmployeeStockOptionMember 2020-01-01 2020-09-30 0000750558 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-09-30 0000750558 srt:BoardOfDirectorsChairmanMember 2020-01-01 2020-09-30 0000750558 qnbc:ShareRepurchaseProgram1Member srt:MaximumMember 2009-02-09 0000750558 qnbc:ShareRepurchaseProgram1Member 2020-01-01 2020-09-30 0000750558 qnbc:ShareRepurchaseProgram1Member 2019-01-01 2019-09-30 0000750558 qnbc:ShareRepurchaseProgram1Member 2020-09-30 0000750558 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2020-09-30 0000750558 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-12-31 0000750558 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2020-07-01 2020-09-30 0000750558 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0000750558 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-09-30 0000750558 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0000750558 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2020-09-30 0000750558 us-gaap:USStatesAndPoliticalSubdivisionsMember 2020-09-30 0000750558 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2020-09-30 0000750558 us-gaap:CollateralizedMortgageObligationsMember 2020-09-30 0000750558 us-gaap:CollateralizedDebtObligationsMember 2020-09-30 0000750558 us-gaap:CorporateDebtSecuritiesMember 2020-09-30 0000750558 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2019-12-31 0000750558 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-12-31 0000750558 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2019-12-31 0000750558 us-gaap:CollateralizedMortgageObligationsMember 2019-12-31 0000750558 us-gaap:CollateralizedDebtObligationsMember 2019-12-31 0000750558 us-gaap:CorporateDebtSecuritiesMember 2019-12-31 0000750558 us-gaap:DebtSecuritiesMember 2020-07-01 2020-09-30 0000750558 us-gaap:DebtSecuritiesMember 2019-07-01 2019-09-30 0000750558 us-gaap:DebtSecuritiesMember 2020-01-01 2020-09-30 0000750558 us-gaap:DebtSecuritiesMember 2019-01-01 2019-09-30 qnbc:security 0000750558 qnbc:PreTSLMember 2020-09-30 0000750558 us-gaap:EquitySecuritiesMember 2020-07-01 2020-09-30 0000750558 us-gaap:EquitySecuritiesMember 2019-07-01 2019-09-30 0000750558 us-gaap:EquitySecuritiesMember 2020-01-01 2020-09-30 0000750558 us-gaap:EquitySecuritiesMember 2019-01-01 2019-09-30 0000750558 us-gaap:InvestmentInFederalHomeLoanBankStockMember 2020-09-30 0000750558 qnbc:InvestmentInAtlanticCommunityBankersBankStockMember 2020-09-30 0000750558 qnbc:VISAClassBStockMember 2020-09-30 0000750558 qnbc:VISAClassAStockMember 2019-09-27 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember 2020-09-30 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember 2019-12-31 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember 2020-09-30 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember 2019-12-31 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2020-09-30 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2019-12-31 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2020-09-30 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2019-12-31 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2020-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2019-12-31 0000750558 qnbc:FamilyResidentialMortgagesMember qnbc:RetailPortfolioSegmentMember 2020-09-30 0000750558 qnbc:FamilyResidentialMortgagesMember qnbc:RetailPortfolioSegmentMember 2019-12-31 0000750558 qnbc:HomeEquityLoansAndLinesMember qnbc:RetailPortfolioSegmentMember 2020-09-30 0000750558 qnbc:HomeEquityLoansAndLinesMember qnbc:RetailPortfolioSegmentMember 2019-12-31 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2019-12-31 0000750558 qnbc:ResidentialBuildingsAndDwellingsMember us-gaap:CreditConcentrationRiskMember 2020-01-01 2020-09-30 0000750558 qnbc:ResidentialBuildingsAndDwellingsMember us-gaap:CreditConcentrationRiskMember 2019-01-01 2019-12-31 0000750558 qnbc:NonResidentialBuildingsMember us-gaap:CreditConcentrationRiskMember 2020-01-01 2020-09-30 0000750558 qnbc:NonResidentialBuildingsMember us-gaap:CreditConcentrationRiskMember 2019-01-01 2019-12-31 qnbc:Credit 0000750558 qnbc:DeferredInterestAndOrPrincipalPaymentsBetweenThreeAndSixMonthsMember qnbc:Covid19PandemicMember 2020-09-30 0000750558 qnbc:DeferredInterestAndOrPrincipalPaymentsBetweenFiveAndSixMonthsMember qnbc:Covid19PandemicMember 2020-09-30 0000750558 qnbc:DeferredInterestAndOrPrincipalPaymentsBetweenSixAndNineMonthsMember qnbc:Covid19PandemicMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredZeroToThreeMonthsMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredFourToSixMonthsMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredSevenToNineMonthsMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember qnbc:Covid19PandemicMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredFourToSixMonthsMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredSevenToNineMonthsMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember qnbc:Covid19PandemicMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredFourToSixMonthsMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredSevenToNineMonthsMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember qnbc:Covid19PandemicMember 2020-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredZeroToThreeMonthsMember 2020-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember qnbc:Covid19PandemicMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:FamilyResidentialMortgagesMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredFourToSixMonthsMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:FamilyResidentialMortgagesMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredSevenToNineMonthsMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:FamilyResidentialMortgagesMember qnbc:Covid19PandemicMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:HomeEquityLoansAndLinesMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredZeroToThreeMonthsMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:HomeEquityLoansAndLinesMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredFourToSixMonthsMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:HomeEquityLoansAndLinesMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredSevenToNineMonthsMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:HomeEquityLoansAndLinesMember qnbc:Covid19PandemicMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredZeroToThreeMonthsMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember qnbc:Covid19PandemicMember 2020-09-30 0000750558 qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredZeroToThreeMonthsMember 2020-09-30 0000750558 qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredFourToSixMonthsMember 2020-09-30 0000750558 qnbc:Covid19PandemicMember qnbc:NumberOfMonthsDeferredSevenToNineMonthsMember 2020-09-30 0000750558 qnbc:Covid19PandemicMember 2020-09-30 0000750558 qnbc:PaycheckProtectionProgramMember qnbc:CommercialAndIndustrialMember 2020-01-01 2020-09-30 0000750558 qnbc:PaycheckProtectionProgramMember qnbc:CommercialAndIndustrialMember 2020-09-30 0000750558 qnbc:PaycheckProtectionProgramMember 2020-09-30 0000750558 us-gaap:ResidentialPortfolioSegmentMember srt:MaximumMember 2020-01-01 2020-09-30 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember 2020-09-30 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember 2020-09-30 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember 2020-09-30 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember 2020-09-30 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember 2020-09-30 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember 2020-09-30 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember 2020-09-30 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember 2020-09-30 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember 2020-09-30 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember 2020-09-30 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember 2020-09-30 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember 2020-09-30 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember 2020-09-30 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember 2020-09-30 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember 2020-09-30 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember 2020-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember us-gaap:PassMember 2020-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember us-gaap:SpecialMentionMember 2020-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember us-gaap:SubstandardMember 2020-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember us-gaap:DoubtfulMember 2020-09-30 0000750558 qnbc:ExcludingRetailLoansMember us-gaap:PassMember 2020-09-30 0000750558 qnbc:ExcludingRetailLoansMember us-gaap:SpecialMentionMember 2020-09-30 0000750558 qnbc:ExcludingRetailLoansMember us-gaap:SubstandardMember 2020-09-30 0000750558 qnbc:ExcludingRetailLoansMember us-gaap:DoubtfulMember 2020-09-30 0000750558 qnbc:ExcludingRetailLoansMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember us-gaap:PassMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember us-gaap:SpecialMentionMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember us-gaap:SubstandardMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember us-gaap:DoubtfulMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember us-gaap:ConstructionLoansMember us-gaap:PassMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember us-gaap:ConstructionLoansMember us-gaap:SpecialMentionMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember us-gaap:ConstructionLoansMember us-gaap:SubstandardMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember us-gaap:ConstructionLoansMember us-gaap:DoubtfulMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember us-gaap:PassMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember us-gaap:SpecialMentionMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember us-gaap:SubstandardMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember us-gaap:DoubtfulMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember us-gaap:PassMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember us-gaap:SpecialMentionMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember us-gaap:SubstandardMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember us-gaap:DoubtfulMember 2019-12-31 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember us-gaap:PassMember 2019-12-31 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember us-gaap:SpecialMentionMember 2019-12-31 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember us-gaap:SubstandardMember 2019-12-31 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember us-gaap:DoubtfulMember 2019-12-31 0000750558 qnbc:ExcludingRetailLoansMember us-gaap:PassMember 2019-12-31 0000750558 qnbc:ExcludingRetailLoansMember us-gaap:SpecialMentionMember 2019-12-31 0000750558 qnbc:ExcludingRetailLoansMember us-gaap:SubstandardMember 2019-12-31 0000750558 qnbc:ExcludingRetailLoansMember us-gaap:DoubtfulMember 2019-12-31 0000750558 qnbc:ExcludingRetailLoansMember 2019-12-31 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:PerformingFinancingReceivableMember qnbc:FamilyResidentialMortgagesMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:NonperformingFinancingReceivableMember qnbc:FamilyResidentialMortgagesMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:PerformingFinancingReceivableMember qnbc:HomeEquityLoansAndLinesMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:NonperformingFinancingReceivableMember qnbc:HomeEquityLoansAndLinesMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:PerformingFinancingReceivableMember us-gaap:ConsumerLoanMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:NonperformingFinancingReceivableMember us-gaap:ConsumerLoanMember 2020-09-30 0000750558 us-gaap:PerformingFinancingReceivableMember qnbc:NetRetailLoansMember 2020-09-30 0000750558 us-gaap:NonperformingFinancingReceivableMember qnbc:NetRetailLoansMember 2020-09-30 0000750558 qnbc:NetRetailLoansMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:FamilyResidentialMortgagesMember us-gaap:PerformingFinancingReceivableMember 2019-12-31 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:FamilyResidentialMortgagesMember us-gaap:NonperformingFinancingReceivableMember 2019-12-31 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:HomeEquityLoansAndLinesMember us-gaap:PerformingFinancingReceivableMember 2019-12-31 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:HomeEquityLoansAndLinesMember us-gaap:NonperformingFinancingReceivableMember 2019-12-31 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:PerformingFinancingReceivableMember us-gaap:ConsumerLoanMember 2019-12-31 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:NonperformingFinancingReceivableMember us-gaap:ConsumerLoanMember 2019-12-31 0000750558 qnbc:NetRetailLoansMember us-gaap:PerformingFinancingReceivableMember 2019-12-31 0000750558 qnbc:NetRetailLoansMember us-gaap:NonperformingFinancingReceivableMember 2019-12-31 0000750558 qnbc:NetRetailLoansMember 2019-12-31 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember us-gaap:ConstructionLoansMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:FamilyResidentialMortgagesMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:HomeEquityLoansAndLinesMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember us-gaap:ConsumerLoanMember 2020-09-30 0000750558 us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember us-gaap:ConstructionLoansMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:FamilyResidentialMortgagesMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:HomeEquityLoansAndLinesMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember us-gaap:ConsumerLoanMember 2020-09-30 0000750558 us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember us-gaap:ConstructionLoansMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-09-30 0000750558 us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:FamilyResidentialMortgagesMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember qnbc:HomeEquityLoansAndLinesMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember us-gaap:ConsumerLoanMember 2020-09-30 0000750558 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-09-30 0000750558 us-gaap:FinancingReceivables30To59DaysPastDueMember us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember 2019-12-31 0000750558 us-gaap:FinancingReceivables30To59DaysPastDueMember us-gaap:CommercialPortfolioSegmentMember us-gaap:ConstructionLoansMember 2019-12-31 0000750558 us-gaap:FinancingReceivables30To59DaysPastDueMember us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember 2019-12-31 0000750558 us-gaap:FinancingReceivables30To59DaysPastDueMember us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember 2019-12-31 0000750558 us-gaap:FinancingReceivables30To59DaysPastDueMember qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2019-12-31 0000750558 us-gaap:FinancingReceivables30To59DaysPastDueMember qnbc:RetailPortfolioSegmentMember qnbc:FamilyResidentialMortgagesMember 2019-12-31 0000750558 us-gaap:FinancingReceivables30To59DaysPastDueMember qnbc:RetailPortfolioSegmentMember qnbc:HomeEquityLoansAndLinesMember 2019-12-31 0000750558 us-gaap:FinancingReceivables30To59DaysPastDueMember qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2019-12-31 0000750558 us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-12-31 0000750558 us-gaap:FinancingReceivables60To89DaysPastDueMember us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember 2019-12-31 0000750558 us-gaap:FinancingReceivables60To89DaysPastDueMember us-gaap:CommercialPortfolioSegmentMember us-gaap:ConstructionLoansMember 2019-12-31 0000750558 us-gaap:FinancingReceivables60To89DaysPastDueMember us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember 2019-12-31 0000750558 us-gaap:FinancingReceivables60To89DaysPastDueMember us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember 2019-12-31 0000750558 us-gaap:FinancingReceivables60To89DaysPastDueMember qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2019-12-31 0000750558 us-gaap:FinancingReceivables60To89DaysPastDueMember qnbc:RetailPortfolioSegmentMember qnbc:FamilyResidentialMortgagesMember 2019-12-31 0000750558 us-gaap:FinancingReceivables60To89DaysPastDueMember qnbc:RetailPortfolioSegmentMember qnbc:HomeEquityLoansAndLinesMember 2019-12-31 0000750558 us-gaap:FinancingReceivables60To89DaysPastDueMember qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2019-12-31 0000750558 us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-12-31 0000750558 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember us-gaap:CommercialPortfolioSegmentMember qnbc:CommercialAndIndustrialMember 2019-12-31 0000750558 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember us-gaap:CommercialPortfolioSegmentMember us-gaap:ConstructionLoansMember 2019-12-31 0000750558 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByCommercialRealEstateMember 2019-12-31 0000750558 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember us-gaap:CommercialPortfolioSegmentMember qnbc:SecuredByResidentialRealEstateMember 2019-12-31 0000750558 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2019-12-31 0000750558 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember qnbc:RetailPortfolioSegmentMember qnbc:FamilyResidentialMortgagesMember 2019-12-31 0000750558 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember qnbc:RetailPortfolioSegmentMember qnbc:HomeEquityLoansAndLinesMember 2019-12-31 0000750558 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2019-12-31 0000750558 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember 2020-06-30 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember 2020-06-30 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2020-06-30 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2020-06-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2020-06-30 0000750558 qnbc:FamilyResidentialMortgagesMember qnbc:RetailPortfolioSegmentMember 2020-06-30 0000750558 qnbc:HomeEquityLoansAndLinesMember qnbc:RetailPortfolioSegmentMember 2020-06-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2020-06-30 0000750558 us-gaap:UnallocatedFinancingReceivablesMember 2020-06-30 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember 2020-07-01 2020-09-30 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember 2020-07-01 2020-09-30 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2020-07-01 2020-09-30 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2020-07-01 2020-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2020-07-01 2020-09-30 0000750558 qnbc:FamilyResidentialMortgagesMember qnbc:RetailPortfolioSegmentMember 2020-07-01 2020-09-30 0000750558 qnbc:HomeEquityLoansAndLinesMember qnbc:RetailPortfolioSegmentMember 2020-07-01 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2020-07-01 2020-09-30 0000750558 us-gaap:UnallocatedFinancingReceivablesMember 2020-07-01 2020-09-30 0000750558 us-gaap:UnallocatedFinancingReceivablesMember 2020-09-30 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2019-06-30 0000750558 qnbc:FamilyResidentialMortgagesMember qnbc:RetailPortfolioSegmentMember 2019-06-30 0000750558 qnbc:HomeEquityLoansAndLinesMember qnbc:RetailPortfolioSegmentMember 2019-06-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2019-06-30 0000750558 us-gaap:UnallocatedFinancingReceivablesMember 2019-06-30 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember 2019-07-01 2019-09-30 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember 2019-07-01 2019-09-30 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2019-07-01 2019-09-30 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2019-07-01 2019-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2019-07-01 2019-09-30 0000750558 qnbc:FamilyResidentialMortgagesMember qnbc:RetailPortfolioSegmentMember 2019-07-01 2019-09-30 0000750558 qnbc:HomeEquityLoansAndLinesMember qnbc:RetailPortfolioSegmentMember 2019-07-01 2019-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2019-07-01 2019-09-30 0000750558 us-gaap:UnallocatedFinancingReceivablesMember 2019-07-01 2019-09-30 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember 2019-09-30 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember 2019-09-30 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2019-09-30 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2019-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2019-09-30 0000750558 qnbc:FamilyResidentialMortgagesMember qnbc:RetailPortfolioSegmentMember 2019-09-30 0000750558 qnbc:HomeEquityLoansAndLinesMember qnbc:RetailPortfolioSegmentMember 2019-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2019-09-30 0000750558 us-gaap:UnallocatedFinancingReceivablesMember 2019-09-30 0000750558 us-gaap:UnallocatedFinancingReceivablesMember 2019-12-31 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember 2020-01-01 2020-09-30 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember 2020-01-01 2020-09-30 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2020-01-01 2020-09-30 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2020-01-01 2020-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2020-01-01 2020-09-30 0000750558 qnbc:FamilyResidentialMortgagesMember qnbc:RetailPortfolioSegmentMember 2020-01-01 2020-09-30 0000750558 qnbc:HomeEquityLoansAndLinesMember qnbc:RetailPortfolioSegmentMember 2020-01-01 2020-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2020-01-01 2020-09-30 0000750558 us-gaap:UnallocatedFinancingReceivablesMember 2020-01-01 2020-09-30 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2018-12-31 0000750558 qnbc:FamilyResidentialMortgagesMember qnbc:RetailPortfolioSegmentMember 2018-12-31 0000750558 qnbc:HomeEquityLoansAndLinesMember qnbc:RetailPortfolioSegmentMember 2018-12-31 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2018-12-31 0000750558 us-gaap:UnallocatedFinancingReceivablesMember 2018-12-31 0000750558 qnbc:CommercialAndIndustrialMember us-gaap:CommercialPortfolioSegmentMember 2019-01-01 2019-09-30 0000750558 us-gaap:ConstructionLoansMember us-gaap:CommercialPortfolioSegmentMember 2019-01-01 2019-09-30 0000750558 qnbc:SecuredByCommercialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2019-01-01 2019-09-30 0000750558 qnbc:SecuredByResidentialRealEstateMember us-gaap:CommercialPortfolioSegmentMember 2019-01-01 2019-09-30 0000750558 qnbc:StateAndPoliticalSubdivisionsPortfolioSegmentMember 2019-01-01 2019-09-30 0000750558 qnbc:FamilyResidentialMortgagesMember qnbc:RetailPortfolioSegmentMember 2019-01-01 2019-09-30 0000750558 qnbc:HomeEquityLoansAndLinesMember qnbc:RetailPortfolioSegmentMember 2019-01-01 2019-09-30 0000750558 qnbc:RetailPortfolioSegmentMember us-gaap:ConsumerLoanMember 2019-01-01 2019-09-30 0000750558 us-gaap:UnallocatedFinancingReceivablesMember 2019-01-01 2019-09-30 0000750558 us-gaap:PerformingFinancingReceivableMember 2020-09-30 0000750558 us-gaap:PerformingFinancingReceivableMember 2019-12-31 0000750558 us-gaap:NonperformingFinancingReceivableMember 2020-09-30 0000750558 us-gaap:NonperformingFinancingReceivableMember 2019-12-31 qnbc:contract 0000750558 us-gaap:ResidentialPortfolioSegmentMember 2020-01-01 2020-09-30 0000750558 us-gaap:ResidentialPortfolioSegmentMember 2020-09-30 0000750558 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2020-09-30 0000750558 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel2Member 2020-09-30 0000750558 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember us-gaap:FairValueInputsLevel2Member 2020-09-30 0000750558 us-gaap:CollateralizedMortgageObligationsMember us-gaap:FairValueInputsLevel2Member 2020-09-30 0000750558 qnbc:PooledTrustPreferredSecuritiesMember us-gaap:FairValueInputsLevel3Member 2020-09-30 0000750558 qnbc:PooledTrustPreferredSecuritiesMember 2020-09-30 0000750558 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2020-09-30 0000750558 us-gaap:FairValueInputsLevel2Member 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member 2020-09-30 0000750558 us-gaap:FairValueInputsLevel1Member 2020-09-30 0000750558 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2020-09-30 0000750558 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:ImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2020-09-30 0000750558 qnbc:ImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:MortgageServicingRightsMember us-gaap:FairValueMeasurementsNonrecurringMember 2020-09-30 0000750558 qnbc:MortgageServicingRightsMember us-gaap:FairValueMeasurementsNonrecurringMember 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2020-09-30 0000750558 us-gaap:FairValueMeasurementsRecurringMember 2020-09-30 0000750558 us-gaap:FairValueMeasurementsNonrecurringMember 2020-09-30 0000750558 us-gaap:LondonInterbankOfferedRateLIBORMember srt:MaximumMember 2020-07-01 2020-09-30 0000750558 us-gaap:LondonInterbankOfferedRateLIBORMember srt:MaximumMember 2020-01-01 2020-09-30 0000750558 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000750558 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000750558 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000750558 us-gaap:CollateralizedMortgageObligationsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000750558 qnbc:PooledTrustPreferredSecuritiesMember us-gaap:FairValueInputsLevel3Member 2019-12-31 0000750558 qnbc:PooledTrustPreferredSecuritiesMember 2019-12-31 0000750558 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000750558 us-gaap:FairValueInputsLevel2Member 2019-12-31 0000750558 us-gaap:FairValueInputsLevel3Member 2019-12-31 0000750558 us-gaap:FairValueInputsLevel1Member 2019-12-31 0000750558 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0000750558 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0000750558 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:ImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0000750558 qnbc:ImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:MortgageServicingRightsMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0000750558 qnbc:MortgageServicingRightsMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0000750558 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0000750558 us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0000750558 us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:AppraisalValuationTechniqueMember us-gaap:FairValueMeasurementsNonrecurringMember qnbc:ImpairedLoansMember 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:AppraisalValuationTechniqueMember us-gaap:MeasurementInputComparabilityAdjustmentMember srt:MinimumMember 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:AppraisalValuationTechniqueMember us-gaap:MeasurementInputComparabilityAdjustmentMember srt:MaximumMember 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:AppraisalValuationTechniqueMember qnbc:ImpairedLoansMember 2020-01-01 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:ImpairedLoansMember us-gaap:MarketApproachValuationTechniqueMember us-gaap:FairValueMeasurementsNonrecurringMember 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:ImpairedLoansMember us-gaap:MarketApproachValuationTechniqueMember srt:MinimumMember 2020-01-01 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:ImpairedLoansMember us-gaap:MarketApproachValuationTechniqueMember srt:MaximumMember 2020-01-01 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:ImpairedLoansMember qnbc:UsedCommercialVehicleGuidesValuationTechniqueMember us-gaap:FairValueMeasurementsNonrecurringMember 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:ImpairedLoansMember qnbc:UsedCommercialVehicleGuidesValuationTechniqueMember 2020-01-01 2020-09-30 0000750558 qnbc:DiscountedCashFlowValuationTechniqueMember us-gaap:FairValueInputsLevel3Member qnbc:MortgageServicingRightsMember us-gaap:FairValueMeasurementsNonrecurringMember 2020-09-30 0000750558 qnbc:DiscountedCashFlowValuationTechniqueMember us-gaap:FairValueInputsLevel3Member srt:MinimumMember us-gaap:MeasurementInputExpectedTermMember 2020-01-01 2020-09-30 0000750558 qnbc:DiscountedCashFlowValuationTechniqueMember us-gaap:FairValueInputsLevel3Member srt:MaximumMember us-gaap:MeasurementInputExpectedTermMember 2020-01-01 2020-09-30 0000750558 qnbc:DiscountedCashFlowValuationTechniqueMember us-gaap:FairValueInputsLevel3Member srt:MinimumMember us-gaap:MeasurementInputDiscountRateMember 2020-01-01 2020-09-30 0000750558 qnbc:DiscountedCashFlowValuationTechniqueMember us-gaap:FairValueInputsLevel3Member srt:MaximumMember us-gaap:MeasurementInputDiscountRateMember 2020-01-01 2020-09-30 0000750558 qnbc:ImpairedLoansMember us-gaap:FairValueInputsLevel3Member qnbc:AppraisalValuationTechniqueMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0000750558 qnbc:ImpairedLoansMember us-gaap:FairValueInputsLevel3Member qnbc:AppraisalValuationTechniqueMember 2019-01-01 2019-12-31 0000750558 srt:MinimumMember us-gaap:FairValueInputsLevel3Member qnbc:AppraisalValuationTechniqueMember us-gaap:MeasurementInputComparabilityAdjustmentMember 2019-12-31 0000750558 srt:MaximumMember us-gaap:FairValueInputsLevel3Member qnbc:AppraisalValuationTechniqueMember us-gaap:MeasurementInputComparabilityAdjustmentMember 2019-12-31 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:ImpairedLoansMember us-gaap:MarketApproachValuationTechniqueMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:ImpairedLoansMember us-gaap:MarketApproachValuationTechniqueMember srt:MinimumMember 2019-01-01 2019-12-31 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:ImpairedLoansMember us-gaap:MarketApproachValuationTechniqueMember srt:MaximumMember 2019-01-01 2019-12-31 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:ImpairedLoansMember qnbc:UsedCommercialVehicleGuidesValuationTechniqueMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0000750558 us-gaap:FairValueInputsLevel3Member qnbc:ImpairedLoansMember qnbc:UsedCommercialVehicleGuidesValuationTechniqueMember 2019-01-01 2019-12-31 0000750558 qnbc:DiscountedCashFlowValuationTechniqueMember us-gaap:FairValueInputsLevel3Member qnbc:MortgageServicingRightsMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0000750558 qnbc:DiscountedCashFlowValuationTechniqueMember us-gaap:FairValueInputsLevel3Member srt:MinimumMember us-gaap:MeasurementInputExpectedTermMember 2019-01-01 2019-12-31 0000750558 qnbc:DiscountedCashFlowValuationTechniqueMember us-gaap:FairValueInputsLevel3Member srt:MaximumMember us-gaap:MeasurementInputExpectedTermMember 2019-01-01 2019-12-31 0000750558 qnbc:DiscountedCashFlowValuationTechniqueMember us-gaap:FairValueInputsLevel3Member srt:MinimumMember us-gaap:MeasurementInputDiscountRateMember 2019-01-01 2019-12-31 0000750558 qnbc:DiscountedCashFlowValuationTechniqueMember us-gaap:FairValueInputsLevel3Member srt:MaximumMember us-gaap:MeasurementInputDiscountRateMember 2019-01-01 2019-12-31 0000750558 us-gaap:FairValueInputsLevel3Member 2018-12-31 0000750558 us-gaap:FairValueInputsLevel3Member 2020-01-01 2020-09-30 0000750558 us-gaap:FairValueInputsLevel3Member 2019-01-01 2019-09-30 0000750558 us-gaap:FairValueInputsLevel3Member 2019-09-30 0000750558 us-gaap:FairValueInputsLevel3Member us-gaap:CollateralizedDebtObligationsMember 2020-09-30 qnbc:issuer 0000750558 us-gaap:MeasurementInputDiscountRateMember 2020-09-30 0000750558 qnbc:WithNoStatedMaturitiesMember 2020-09-30 0000750558 qnbc:WithStatedMaturitiesMember 2020-09-30 0000750558 qnbc:WithNoStatedMaturitiesMember us-gaap:FairValueInputsLevel1Member 2020-09-30 0000750558 qnbc:WithStatedMaturitiesMember us-gaap:FairValueInputsLevel2Member 2020-09-30 0000750558 us-gaap:StandbyLettersOfCreditMember 2020-09-30 0000750558 us-gaap:StandbyLettersOfCreditMember us-gaap:FairValueInputsLevel2Member 2020-09-30 0000750558 qnbc:WithNoStatedMaturitiesMember 2019-12-31 0000750558 qnbc:WithStatedMaturitiesMember 2019-12-31 0000750558 qnbc:WithNoStatedMaturitiesMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000750558 qnbc:WithStatedMaturitiesMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000750558 us-gaap:StandbyLettersOfCreditMember 2019-12-31 0000750558 us-gaap:StandbyLettersOfCreditMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000750558 us-gaap:CommitmentsToExtendCreditMember 2020-01-01 2020-09-30 0000750558 us-gaap:CommitmentsToExtendCreditMember 2019-01-01 2019-12-31 0000750558 us-gaap:StandbyLettersOfCreditMember 2020-01-01 2020-09-30 0000750558 us-gaap:StandbyLettersOfCreditMember 2019-01-01 2019-12-31 0000750558 2019-01-01 2019-12-31 0000750558 srt:MaximumMember 2020-01-01 2020-09-30 0000750558 srt:MinimumMember 2020-09-30 0000750558 srt:MaximumMember 2020-09-30 0000750558 us-gaap:ConsolidatedEntitiesMember 2020-09-30 0000750558 qnbc:BankMember 2020-09-30 0000750558 us-gaap:ConsolidatedEntitiesMember 2019-12-31 0000750558 qnbc:BankMember 2019-12-31

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 10-Q

 

(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended             September 30, 2020            

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from               to              

Commission file number 0-17706

 

QNB Corp.

(Exact Name of Registrant as Specified in Its Charter)

 

 

Pennsylvania

 

23-2318082

(State or Other Jurisdiction of

Incorporation or Organization)

 

(I.R.S. Employer

Identification No.)

 

15 North Third Street, P.O. Box 9005 Quakertown, PA

 

18951-9005

(Address of Principal Executive Offices)

 

(Zip Code)

 

(215) 538-5600

Registrant's Telephone Number, Including Area Code

 

Not Applicable

Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report.

 

 

Securities registered pursuant to Section 12(b) of the Act:  None.

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock

 

QNBC

 

N/A

 

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes      No  

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

 

Accelerated filer

Non-accelerated filer

 

Smaller Reporting Company

Emerging growth company

 

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes      No  

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

 

Class

 

Outstanding at October 30, 2020

Common Stock, par value $0.625

 

3,550,602

 

 

QNB CORP. AND SUBSIDIARY

FORM 10-Q

QUARTER ENDED SEPTEMBER 30, 2020

INDEX

 

 

 

PART I - FINANCIAL INFORMATION

 

 

 

 

 

 

 

ITEM 1.

 

CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

 

PAGE

 

 

 

 

 

 

 

Consolidated Balance Sheets at September 30, 2020 and December 31, 2019

 

2

 

 

 

 

 

 

 

Consolidated Statements of Income for the Three and Nine Months Ended September 30, 2020 and 2019

 

3

 

 

 

 

 

 

 

Consolidated Statements of Comprehensive Income (Loss) for the Three and Nine Months Ended September 30, 2020 and 2019

 

4

 

 

 

 

 

 

 

Consolidated Statement of Shareholders’ Equity for the Three and Nine Months Ended September 30, 2020 and 2019

 

5

 

 

 

 

 

 

 

Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2020 and 2019

 

7

 

 

 

 

 

 

 

Notes to Consolidated Financial Statements

 

8

 

 

 

 

 

ITEM 2.

 

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

39

 

 

 

 

 

ITEM 3.

 

QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

 

59

 

 

 

 

 

ITEM 4.

 

CONTROLS AND PROCEDURES

 

59

 

 

 

 

 

 

 

PART II - OTHER INFORMATION

 

 

 

 

 

 

 

ITEM 1.

 

LEGAL PROCEEDINGS

 

60

 

 

 

 

 

ITEM 1A.

 

RISK FACTORS

 

60

 

 

 

 

 

ITEM 2.

 

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

60

 

 

 

 

 

ITEM 3.

 

DEFAULTS UPON SENIOR SECURITIES

 

61

 

 

 

 

 

ITEM 4.

 

MINE SAFETY DISCLOSURES

 

61

 

 

 

 

 

ITEM 5.

 

OTHER INFORMATION

 

61

 

 

 

 

 

ITEM 6.

 

EXHIBITS

 

62

 

 

 

 

 

SIGNATURES

 

 

 

 

 

 

 

CERTIFICATIONS

 

 

 

 

 

1


QNB Corp. and Subsidiary

 

CONSOLIDATED BALANCE SHEETS

 

 

 

(in thousands, except share data)

 

 

 

(current period unaudited)

 

 

 

September 30, 2020

 

 

December 31, 2019

 

Assets

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

10,167

 

 

$

12,398

 

Interest-bearing deposits in banks

 

 

27,353

 

 

 

5,210

 

Total cash and cash equivalents

 

 

37,520

 

 

 

17,608

 

Investments:

 

 

 

 

 

 

 

 

Available-for-sale (amortized cost $437,863 and $349,385)

 

 

444,616

 

 

 

349,710

 

Equity securities (cost of $12,726 and $9,053)

 

 

11,691

 

 

 

9,164

 

Restricted investment in stocks

 

 

1,041

 

 

 

1,073

 

Loans held-for-sale

 

 

9,077

 

 

 

977

 

Loans receivable

 

 

887,792

 

 

 

820,616

 

Allowance for loan losses

 

 

(10,765

)

 

 

(9,887

)

Net loans

 

 

877,027

 

 

 

810,729

 

Bank-owned life insurance

 

 

11,703

 

 

 

11,490

 

Premises and equipment, net

 

 

15,625

 

 

 

15,608

 

Accrued interest receivable

 

 

4,674

 

 

 

2,828

 

Net deferred tax assets

 

 

583

 

 

 

1,441

 

Other assets

 

 

3,516

 

 

 

4,395

 

Total assets

 

$

1,417,073

 

 

$

1,225,023

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Deposits

 

 

 

 

 

 

 

 

Demand, non-interest bearing

 

$

205,492

 

 

$

146,270

 

Interest-bearing demand

 

 

402,970

 

 

 

332,918

 

Money market

 

 

96,048

 

 

 

75,634

 

Savings

 

 

306,199

 

 

 

247,462

 

Time

 

 

110,279

 

 

 

120,917

 

Time of $100 or more

 

 

93,475

 

 

 

114,659

 

Total deposits

 

 

1,214,463

 

 

 

1,037,860

 

Short-term borrowings

 

 

52,406

 

 

 

55,931

 

Long-term debt

 

 

10,000

 

 

 

 

Accrued interest payable

 

 

447

 

 

 

909

 

Other liabilities

 

 

8,762

 

 

 

9,606

 

Total liabilities

 

 

1,286,078

 

 

 

1,104,306

 

 

 

 

 

 

 

 

 

 

Shareholders' Equity

 

 

 

 

 

 

 

 

Common stock, par value $0.625 per share;

 

 

 

 

 

 

 

 

authorized 10,000,000 shares; 3,715,171 shares and  3,684,336

 

 

 

 

 

 

 

 

shares issued; 3,550,602 and 3,519,767 shares outstanding

 

 

2,322

 

 

 

2,303

 

Surplus

 

 

22,113

 

 

 

21,261

 

Retained earnings

 

 

103,701

 

 

 

99,372

 

Accumulated other comprehensive gain, net of tax

 

 

5,335

 

 

 

257

 

Treasury stock, at cost; 164,569 shares

 

 

(2,476

)

 

 

(2,476

)

Total shareholders' equity

 

 

130,995

 

 

 

120,717

 

Total liabilities and shareholders' equity

 

$

1,417,073

 

 

$

1,225,023

 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

2


QNB Corp. and Subsidiary

CONSOLIDATED STATEMENTS OF INCOME

 

(in thousands, except per share data - unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended September 30,

 

 

 

For the Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

 

2020

 

 

2019

 

Interest income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and fees on loans

 

$

8,993

 

 

$

9,767

 

 

 

$

27,327

 

 

$

28,627

 

Interest and dividends on investment securities (Available-for-sale & Equity):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxable

 

 

1,393

 

 

 

1,644

 

 

 

 

4,362

 

 

 

4,918

 

Tax-exempt

 

 

351

 

 

 

370

 

 

 

 

1,049

 

 

 

1,178

 

Interest on interest-bearing balances and other interest income

 

 

26

 

 

 

36

 

 

 

 

96

 

 

 

95

 

Total interest income

 

 

10,763

 

 

 

11,817

 

 

 

 

32,834

 

 

 

34,818

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on deposits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing demand

 

 

274

 

 

 

846

 

 

 

 

1,099

 

 

 

2,327

 

Money market

 

 

83

 

 

 

158

 

 

 

 

325

 

 

 

670

 

Savings

 

 

248

 

 

 

401

 

 

 

 

893

 

 

 

1,206

 

Time

 

 

380

 

 

 

507

 

 

 

 

1,252

 

 

 

1,405

 

Time of $100,000 or more

 

 

355

 

 

 

551

 

 

 

 

1,247

 

 

 

1,523

 

Interest on short-term borrowings

 

 

53

 

 

 

172

 

 

 

 

195

 

 

 

558

 

Interest on long-term debt

 

 

40

 

 

 

 

 

 

 

96

 

 

 

 

Total interest expense

 

 

1,433

 

 

 

2,635

 

 

 

 

5,107

 

 

 

7,689

 

Net interest income

 

 

9,330

 

 

 

9,182

 

 

 

 

27,727

 

 

 

27,129

 

Provision for loan losses

 

 

250

 

 

 

550

 

 

 

 

1,000

 

 

 

925

 

Net interest income after provision for loan losses

 

 

9,080

 

 

 

8,632

 

 

 

 

26,727

 

 

 

26,204

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net gain on sales of  investments available-for-sale and equity securities

 

 

198

 

 

 

973

 

 

 

 

367

 

 

 

1,563

 

Unrealized (loss) gain on investment equity securities

 

 

627

 

 

 

(305

)

 

 

 

(1,147

)

 

 

266

 

Fees for services to customers

 

 

299

 

 

 

432

 

 

 

 

952

 

 

 

1,247

 

ATM and debit card

 

 

598

 

 

 

533

 

 

 

 

1,602

 

 

 

1,522

 

Retail brokerage and advisory

 

 

141

 

 

 

145

 

 

 

 

423

 

 

 

419

 

Bank-owned life insurance

 

 

70

 

 

 

70

 

 

 

 

207

 

 

 

208

 

Merchant

 

 

110