2024 Q2 Form 10-Q Financial Statement

#000092708924000086 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $10.90M $12.12M $10.82M
YoY Change -10.08% 12.05% 62.85%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $147.0K $133.0K $121.0K
YoY Change 5.76% 9.92% 35.96%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit $667.0K
YoY Change -83.83%
Interest Expense $6.712M $5.509M
YoY Change 21.84% 514.84%
% of Operating Profit 825.94%
Other Income/Expense, Net
YoY Change
Pretax Income $183.0K $2.109M $667.0K
YoY Change -65.99% 216.19% -83.83%
Income Tax $83.00K $650.0K $218.0K
% Of Pretax Income 45.36% 30.82% 32.68%
Net Earnings $100.0K $873.0K $563.0K
YoY Change -82.46% 55.06% -74.96%
Net Earnings / Revenue 0.92% 7.2% 5.2%
Basic Earnings Per Share $0.04 $0.36 $0.26
Diluted Earnings Per Share $0.04 $0.36 $0.25
COMMON SHARES
Basic Shares Outstanding 2.620M 2.493M 2.191M
Diluted Shares Outstanding 2.600M 2.451M 2.273M

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $75.58M $146.3M $3.874M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.791M $2.861M $2.911M
YoY Change -5.23% -1.72% 7.7%
Goodwill $515.0K $515.0K $2.573M
YoY Change -79.98% -79.98% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $701.9M $775.5M $811.6M
YoY Change -10.45% -4.45% 42.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $857.0K $627.0K $763.0K
YoY Change 16.44% -17.82% 156.04%
Accrued Expenses $2.516M $3.243M $11.70M
YoY Change -76.83% -72.28% 40.23%
Deferred Revenue
YoY Change
Short-Term Debt $3.727M $3.161M $14.31M
YoY Change -73.76% -77.92% 111.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.100M $7.031M $26.77M
YoY Change -72.48% -73.74% 209.88%
LONG-TERM LIABILITIES
Long-Term Debt $22.00M $22.00M $21.74M
YoY Change 0.87% 1.2% 173.76%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $22.00M $22.00M $21.74M
YoY Change 0.87% 1.2% 173.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.100M $7.031M $26.77M
Total Long-Term Liabilities $22.00M $22.00M $21.74M
Total Liabilities $650.5M $725.4M $762.2M
YoY Change -11.5% -4.83% 44.31%
SHAREHOLDERS EQUITY
Retained Earnings $32.06M $32.30M $31.16M
YoY Change 1.97% 3.68% 19.56%
Common Stock $31.00K $30.00K $28.00K
YoY Change 10.71% 7.14% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $51.39M $50.14M $45.29M
YoY Change
Total Liabilities & Shareholders Equity $701.9M $775.5M $811.6M
YoY Change -10.45% -4.45% 42.85%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $100.0K $873.0K $563.0K
YoY Change -82.46% 55.06% -74.96%
Depreciation, Depletion And Amortization $147.0K $133.0K $121.0K
YoY Change 5.76% 9.92% 35.96%
Cash From Operating Activities -$3.754M $31.02M -$6.511M
YoY Change -114.99% -576.36% -111.21%
INVESTING ACTIVITIES
Capital Expenditures $77.00K $337.0K $256.0K
YoY Change -52.47% 31.64% -284.17%
Acquisitions
YoY Change
Other Investing Activities $6.369M $21.88M -$9.667M
YoY Change -21.97% -326.38% -70.51%
Cash From Investing Activities $6.292M $21.55M -$9.923M
YoY Change -21.35% -317.14% -69.85%
FINANCING ACTIVITIES
Cash Dividend Paid $312.0K $283.0K
YoY Change 10.25% 28.05%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -73.28M $35.75M $16.42M
YoY Change 168.07% 117.8% 101.19%
NET CHANGE
Cash From Operating Activities -3.754M $31.02M -$6.511M
Cash From Investing Activities 6.292M $21.55M -$9.923M
Cash From Financing Activities -73.28M $35.75M $16.42M
Net Change In Cash -70.75M $88.32M -$19.00K
YoY Change -1338.33% -464915.79% -100.06%
FREE CASH FLOW
Cash From Operating Activities -$3.754M $31.02M -$6.511M
Capital Expenditures $77.00K $337.0K $256.0K
Free Cash Flow -$3.831M $30.68M -$6.767M
YoY Change -115.39% -553.36% -111.63%

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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2109000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
899000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
650000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
251000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1459000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
648000 usd
CY2024Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-814000 usd
CY2023Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-118000 usd
CY2024Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-228000 usd
CY2023Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-33000 usd
CY2024Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-586000 usd
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-85000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
873000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
563000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.6
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.3
CY2024Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.24
CY2023Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.04
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2450814
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2182597
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.6
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.29
CY2024Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.24
CY2023Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.04
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2450814
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2272530
CY2024Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1459000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
648000 usd
CY2024Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
8000 usd
CY2023Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
13000 usd
CY2024Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2000 usd
CY2023Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
3000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1465000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
658000 usd
CY2024Q1 qnto Comprehensive Income Loss Net Of Tax Attributable To Discontinued Operations
ComprehensiveIncomeLossNetOfTaxAttributableToDiscontinuedOperations
-586000 usd
CY2023Q1 qnto Comprehensive Income Loss Net Of Tax Attributable To Discontinued Operations
ComprehensiveIncomeLossNetOfTaxAttributableToDiscontinuedOperations
-85000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
879000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
573000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
48491000 usd
CY2024Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
61000 usd
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
312000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
873000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
50144000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
49082000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
42000 usd
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
283000 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
40000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
449000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
49421000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1459000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
648000 usd
CY2024Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-586000 usd
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-85000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
873000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
563000 usd
CY2024Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1136000 usd
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
211000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
133000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
99000 usd
CY2024Q1 qnto Amortization Expense Excluding Deferred Loan Origination Fees
AmortizationExpenseExcludingDeferredLoanOriginationFees
96000 usd
CY2023Q1 qnto Amortization Expense Excluding Deferred Loan Origination Fees
AmortizationExpenseExcludingDeferredLoanOriginationFees
40000 usd
CY2024Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
138000 usd
CY2023Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
279000 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
61000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
42000 usd
CY2024Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
935000 usd
CY2023Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
391000 usd
CY2024Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
25793000 usd
CY2023Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
120210000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
23208000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
121533000 usd
CY2024Q1 qnto Noncash Transfer Of Loans
NoncashTransferOfLoans
4388000 usd
CY2023Q1 qnto Noncash Transfer Of Loans
NoncashTransferOfLoans
0 usd
CY2024Q1 qnto Gain Loss On Sales Of Sba Loans
GainLossOnSalesOfSBALoans
28000 usd
CY2023Q1 qnto Gain Loss On Sales Of Sba Loans
GainLossOnSalesOfSBALoans
50000 usd
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1378000 usd
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-0 usd
CY2024Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
28000 usd
CY2023Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
24000 usd
CY2024Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
729000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
195000 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
80000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-329000 usd
CY2024Q1 qnto Increase Decrease In Accrued Interest Payable
IncreaseDecreaseInAccruedInterestPayable
86000 usd
CY2023Q1 qnto Increase Decrease In Accrued Interest Payable
IncreaseDecreaseInAccruedInterestPayable
90000 usd
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
804000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
24000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1676000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1782000 usd
CY2024Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
29340000 usd
CY2023Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-1666000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
31016000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
116000 usd
CY2024Q1 qnto Payments For Interestbearing Deposits In Banks
PaymentsForInterestbearingDepositsInBanks
-0 usd
CY2023Q1 qnto Payments For Interestbearing Deposits In Banks
PaymentsForInterestbearingDepositsInBanks
619000 usd
CY2024Q1 qnto Proceeds From Interestbearing Deposits In Banks
ProceedsFromInterestbearingDepositsInBanks
1000000 usd
CY2023Q1 qnto Proceeds From Interestbearing Deposits In Banks
ProceedsFromInterestbearingDepositsInBanks
1790000 usd
CY2024Q1 us-gaap Payments For Proceeds From Availableforsale Securities Shortterm
PaymentsForProceedsFromAvailableforsaleSecuritiesShortterm
-148000 usd
CY2023Q1 us-gaap Payments For Proceeds From Availableforsale Securities Shortterm
PaymentsForProceedsFromAvailableforsaleSecuritiesShortterm
-146000 usd
CY2024Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-16153000 usd
CY2023Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
12854000 usd
CY2024Q1 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
4300000 usd
CY2023Q1 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
0 usd
CY2024Q1 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
-0 usd
CY2023Q1 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
740000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
283000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
600000 usd
CY2024Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
337000 usd
CY2023Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
92000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
21547000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-11769000 usd
CY2024Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 usd
CY2023Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
1846000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
21547000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9923000 usd
CY2024Q1 qnto Increase Decrease In Demand And Savings Deposits
IncreaseDecreaseInDemandAndSavingsDeposits
32148000 usd
CY2023Q1 qnto Increase Decrease In Demand And Savings Deposits
IncreaseDecreaseInDemandAndSavingsDeposits
-11477000 usd
CY2024Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
9527000 usd
CY2023Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
16740000 usd
CY2024Q1 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-569000 usd
CY2023Q1 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-991000 usd
CY2024Q1 qnto Proceeds From Repayments Of Federal Home Loan Bank Borrowings Shortterm
ProceedsFromRepaymentsOfFederalHomeLoanBankBorrowingsShortterm
-6067000 usd
CY2023Q1 qnto Proceeds From Repayments Of Federal Home Loan Bank Borrowings Shortterm
ProceedsFromRepaymentsOfFederalHomeLoanBankBorrowingsShortterm
-13500000 usd
CY2024Q1 qnto Proceeds From Federal Reserve Bank Long Term Borrowings
ProceedsFromFederalReserveBankLongTermBorrowings
0 usd
CY2023Q1 qnto Proceeds From Federal Reserve Bank Long Term Borrowings
ProceedsFromFederalReserveBankLongTermBorrowings
33500000 usd
CY2024Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
-0 usd
CY2023Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
20000000 usd
CY2024Q1 qnto Repayments Of Federal Reserve Bank Borrowings Financing Activities
RepaymentsOfFederalReserveBankBorrowingsFinancingActivities
-0 usd
CY2023Q1 qnto Repayments Of Federal Reserve Bank Borrowings Financing Activities
RepaymentsOfFederalReserveBankBorrowingsFinancingActivities
49700000 usd
CY2024Q1 qnto Proceeds From Repayments Of Federal Reserve Bank Borrowings Financing Activities
ProceedsFromRepaymentsOfFederalReserveBankBorrowingsFinancingActivities
0 usd
CY2023Q1 qnto Proceeds From Repayments Of Federal Reserve Bank Borrowings Financing Activities
ProceedsFromRepaymentsOfFederalReserveBankBorrowingsFinancingActivities
42700000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
0 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
13743000 usd
CY2024Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
312000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
283000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
25000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
40000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1000000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
121000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
35752000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10893000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
88315000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1068000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
58006000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4433000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
146321000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5501000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
6627000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
5329000 usd
CY2024Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
210000 usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
191000 usd
CY2024Q1 qnto Initial Recognition Of Operating Lease Right Of Use Assets
InitialRecognitionOfOperatingLeaseRightOfUseAssets
0 usd
CY2023Q1 qnto Initial Recognition Of Operating Lease Right Of Use Assets
InitialRecognitionOfOperatingLeaseRightOfUseAssets
1563000 usd
CY2024Q1 qnto Initial Recognition Of Operating Lease Obligations
InitialRecognitionOfOperatingLeaseObligations
0 usd
CY2023Q1 qnto Initial Recognition Of Operating Lease Obligations
InitialRecognitionOfOperatingLeaseObligations
1563000 usd
CY2024Q1 qnto Number Of Whollyowned Subsidiaries
NumberOfWhollyownedSubsidiaries
6 pure
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b><i>Use of Estimates in the Preparation of Financial Statements. </i></b>The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. The Company’s most significant estimates are the determination of the allowance for credit losses and the valuation of deferred tax assets.</p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"> </p>
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b><i>Reclassifications. </i></b>Certain items in the <em style="font: inherit;">2023</em> consolidated financial statements have been reclassified to conform to the presentation in the <em style="font: inherit;">2024</em> consolidated financial statements. Such reclassifications did <em style="font: inherit;">not</em> have a material impact on the presentation of the overall financial statements. The reclassifications had <em style="font: inherit;">no</em> effect on net income or stockholders’ equity.<br/>  </p>
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
873000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
563000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2450814
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2182597
CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
89933
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2450814
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2272530
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.6
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.3
CY2024Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.24
CY2023Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.04
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.6
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.29
CY2024Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.24
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FinancingReceivableNonaccrualWithRelatedAllowance
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FinancingReceivableNonaccrualNoAllowance
51000 usd
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FinancingReceivableRecordedInvestmentNonaccrualStatus
51000 usd
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401000 usd
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FinancingReceivableNonaccrualInterestIncome
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CY2024Q1 qnto Financing Receivable Nonaccrual Interest Income Foregone
FinancingReceivableNonaccrualInterestIncomeForegone
4000 usd
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FinancingReceivableNonaccrualInterestIncomeForegone
59000 usd
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FinancingReceivableAllowanceForCreditLosses
6758000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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338000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
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CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1084000 usd
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FinancingReceivableAllowanceForCreditLosses
7504000 usd
CY2024Q1 qnto Provision Recovery Of Credit Losses
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1100000 usd
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OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
52000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
33000 usd
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7678000 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
875000 usd
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FinancingReceivableAllowanceForCreditLosses
6758000 usd
CY2023 qnto Provision Recovery Of Credit Losses
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-157000 usd
CY2023 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
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202000 usd
CY2023Q4 qnto Troubled Debt Restructuring Number Of Contracts
TroubledDebtRestructuringNumberOfContracts
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CY2024Q1 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
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FinancingReceivableBeforeAllowanceForCreditLossAndFee
625230000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12000 usd
CY2024Q1 us-gaap Noninterest Bearing Domestic Deposit Checking
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112791000 usd
CY2023Q4 us-gaap Noninterest Bearing Domestic Deposit Checking
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92216000 usd
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
118403000 usd
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
104274000 usd
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
215850000 usd
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
218525000 usd
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Certificates Of Deposits
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225370000 usd
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InterestBearingDomesticDepositCertificatesOfDeposits
215843000 usd
CY2024Q1 us-gaap Deposits
Deposits
673374000 usd
CY2023Q4 us-gaap Deposits
Deposits
631699000 usd
CY2024Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due In Remainder Of Fiscal Year
FederalHomeLoanBankAdvancesMaturitiesSummaryDueInRemainderOfFiscalYear
15100000 usd
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FederalHomeLoanBankAdvanceMaturityAverageInterestRateRemainderOfFiscalYear
0.0412 pure
CY2023Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
21167000 usd
CY2023Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Of Amounts Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOfAmountsDueWithinOneYearOfBalanceSheetDate
0.0425 pure
CY2024Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
7855000 usd
CY2024Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Of Amounts Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOfAmountsDueWithinOneYearOfBalanceSheetDate
0.034 pure
CY2023Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromOneToTwoYearsOfBalanceSheetDate
7855000 usd
CY2023Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate One To Two Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOneToTwoYearsFromBalanceSheetDate
0.034 pure
CY2024Q1 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
22955000 usd
CY2024Q1 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Interest Rate At Period End
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresInterestRateAtPeriodEnd
0.0387 pure
CY2023Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
29022000 usd
CY2023Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Interest Rate At Period End
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresInterestRateAtPeriodEnd
0.0402 pure
CY2018Q4 us-gaap Subordinated Debt
SubordinatedDebt
8000000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
668000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P4Y1M6D

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