v3.26.1
Note 12 - Borrowings
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Debt Disclosure [Text Block]

Note 12 - Borrowings

 

As of December 31, 2025, Quaint Oak Bank has a maximum borrowing capacity with the Federal Home Loan Bank of approximately $269.3 million. Quaint Oak Bank’s Federal Home Loan Bank advances outstanding were $0 and $47.9 million at December 31, 2025 and 2024, respectively. As of December 31, 2025, Quaint Oak Bank has $24.2 million in borrowing capacity with the Federal Reserve Bank of Philadelphia (FRB) under the discount window program. As of December 31, 2025 and December 31, 2024, Quaint Oak Bank had no outstanding advances with the FRB.

 

Short-term borrowings and the weighted interest rates consist of the following at December 31, 2025 and 2024 (dollars in thousands):

 

  

FHLB Short-Term Borrowings

At or For the Year

Ended December 31,

  

FRB Short-Term Borrowings

At or For the Year

Ended December 31,

 
  

2025

  

2024

  

2025

  

2024

 
                 

Average balance outstanding

 $16,793  $1,219  $-  $711 

Maximum amount outstanding at any month-end during the period

  60,000   45,000   -   7,000 

Balance outstanding at end of period

  -   45,000   -   - 

Average interest rate during the period

  4.53%  4.98%  -%  4.78%

Weighted average interest rate at end of period

  -%  4.71%  -%  -%

 

Federal Home Loan Bank borrowings and the weighted interest rate consist of the following at December 31, 2025 and 2024 (in thousands):

 

  

December 31, 2025

  

December 31, 2024

 

Fixed rate borrowings maturing:

 

Amount

  

Weighted Interest
Rate

  

Amount

  

Weighted Interest
Rate

 

2025

 $-   -% $47,855   4.50%