| Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
Note 22– Quaint Oak Bancorp, Inc. (Parent Company Only)
Condensed financial statements of Quaint Oak Bancorp, Inc. are as follows (in thousands):
Balance Sheets
| | | December 31, | |
| | | 2025 | | | 2024 | |
| Assets | | | | | | | | |
| Cash and cash equivalents | | $ | 2,839 | | | $ | 4,205 | |
| Investment in Quaint Oak Bank | | | 67,444 | | | | 70,924 | |
| Total Assets | | $ | 70,283 | | | $ | 75,129 | |
| | | | | | | | | |
| Liabilities and Stockholders’ Equity | | | | | | | | |
| Senior debt | | $ | 9,619 | | | $ | - | |
| Subordinated debt | | | 8,000 | | | | 22,000 | |
| Other liabilities | | | 335 | | | | 512 | |
| Stockholders’ equity | | | 52,329 | | | | 52,617 | |
| Total Liabilities and Stockholders’ Equity | | $ | 70,283 | | | $ | 75,129 | |
Statements of Income
| | | For the Year Ended December 31, | |
| | | 2025 | | | 2024 | |
| Income | | | | | | | | |
| Dividends from subsidiary | | $ | 5,500 | | | $ | - | |
| Gain on the sale of 1710 Union Boulevard | | | - | | | | 1,485 | |
| Rental income | | | - | | | | 364 | |
| Total Income | | | 5,500 | | | | 1,849 | |
| | | | | | | | | |
| Expenses | | | | | | | | |
| Occupancy and equipment expense | | | - | | | | 103 | |
| Interest on senior debt | | | 947 | | | | - | |
| Interest on subordinated debt | | | 954 | | | | 1,934 | |
| Other expenses | | | 245 | | | | 141 | |
| Total Expenses | | | 2,146 | | | | 2,178 | |
| | | | | | | | | |
| Net Income Before Income Taxes | | | 3,354 | | | | (329 | ) |
| Equity in Undistributed Net Income of Subsidiary, Net of Dividends | | | (3,483 | ) | | | 3,055 | |
| Income Tax Benefit | | | 451 | | | | 69 | |
| Net Income | | $ | 322 | | | $ | 2,795 | |
| | | | | | | | | |
| Comprehensive Income | | $ | 325 | | | $ | 2,805 | |
Statements of Cash Flows
| | | For the Year Ended December 31, | |
| | | 2025 | | | 2024 | |
| Operating Activities | | | | | | | | |
| Net income | | $ | 322 | | | $ | 2,795 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | |
| Undistributed net income in subsidiary, net of dividends | | | 3,483 | | | | (3,055 | ) |
| Depreciation expense | | | - | | | | 45 | |
| Amortization of senior debt issuance costs | | | 146 | | | | - | |
| Amortization of subordinated debt issuance costs | | | - | | | | (11 | ) |
| Stock-based compensation expense | | | 251 | | | | 242 | |
| (Increase) decrease in other assets | | | (177 | ) | | | 331 | |
| Net cash provided by operating activities | | | 4,025 | | | | 347 | |
| | | | | | | | | |
| Investing Activities | | | | | | | | |
| Sale of property and equipment | | | - | | | | 1,343 | |
| Net cash provided by investing activities | | | - | | | | 1,343 | |
| | | | | | | | | |
| Financing Activities | | | | | | | | |
| Dividends paid | | | (894 | ) | | | (1,338 | ) |
| Proceeds from the issuance of Subordinate Debt | | | (4,527 | ) | | | - | |
| Proceeds from issuance of unallocated shares from authorized shares | | | - | | | | 2,448 | |
| Purchase of treasury stock | | | (44 | ) | | | (150 | ) |
| Proceeds from the reissuance of treasury stock under 401(k) plan | | | 74 | | | | 119 | |
| Net cash (used in) provided by financing activities | | | (5,391 | ) | | | 1,079 | |
| | | | | | | | | |
| Net (Decrease) Increase in Cash and Cash Equivalents | | | (1,366 | ) | | | 2,769 | |
| Cash and Cash Equivalents-Beginning of Year | | | 4,205 | | | | 1,436 | |
| Cash and Cash Equivalents-End of Year | | $ | 2,839 | | | $ | 4,205 | |
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