Quaint Oak Bancorp Inc (PK:QNTO)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 501 Knowles Ave SOUTHAMPTON PA 18966 |
| Tel: | 1-215-3644059 |
| Website: | https://www.quaintoak.com |
| IR: | See website |
| Key People | ||
| Robert T. Strong President, Chief Executive Officer, Director | John J. Augustine Chief Financial Officer, Executive Vice President, Director | William R. Gonzalez Executive Vice President |
| Diane J. Colyer Senior Vice President, Corporate Secretary | Aimee K. Ott Senior Vice President | |
| Business Overview |
| Quaint Oak Bancorp, Inc. is the holding company for Quaint Oak Bank. Quaint Oak Bank's primary business consists of attracting deposits from the general public through a variety of deposit programs and investing such deposits principally in commercial real estate loans, commercial business loans, one-to-four family residential non-owner occupied loans, multi-family residential loans, construction loans, one-to-four family residential owner occupied loans, and home equity loans. Quaint Oak Bank originates loans to businesses for working capital, purchase of a business, tenant improvements, receivables, purchase of inventory and various others. In addition, Quaint Oak Bank offers mortgage banking, multi-state specialty commercial real estate financing and equipment financing, real estate sales, title abstract and insurance services through its subsidiary companies. Quaint Oak Bank serves its customers through its offices as well as through correspondence, telephone and on-line banking. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Quaint Oak Bancorp Inc interest income increased 37% to $44.5M. Net interest income after loan loss provision decreased 15% to $18M. Net income decreased 74% to $2M. Net interest income after loan loss provision reflects Quaint Oak Bank segment decrease of 11% to $19.2M. Net income also reflects Interest on deposits increase from $6M to $18.8M (expense). |
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