Quaint Oak Bancorp (QNTO) 10-K 31 Mar 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	Dec. 31, 2021	Mar. 22, 2022	Jun. 30, 2021
Document Information [Line Items]
Entity Registrant Name	QUAINT OAK BANCORP, INC.
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Document, Type	10-K
Document, Annual Report	true
Document, Period End Date	Dec. 31, 2021
Document, Transition Report	false
Entity, File Number	000-52694
Entity, Incorporation, State or Country Code	PA
Entity, Tax Identification Number	35-2293957
Entity, Address, Address Line One	501 Knowles Avenue
Entity, Address, City or Town	Southampton
Entity, Address, State or Province	PA
Entity, Address, Postal Zip Code	18966
City Area Code	215
Local Phone Number	364-4059
Title of 12(g) Security	Common Stock, $.01 par value per share
Entity, Well-known Seasoned Issuer	No
Entity, Voluntary Filers	No
Entity, Current Reporting Status	Yes
Entity, Interactive Data, Current	Yes
Entity, Filer Category	Non-accelerated Filer
Entity, Small Business	true
Entity, Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity, Shell Company	false
Entity, Public Float			$ 24,129,256
Entity, Common Stock Shares, Outstanding		2,012,642
Auditor Name	S.R. Snodgrass, P.C.
Auditor Location	Cranberry Township, Pennsylvania
Auditor Firm ID	74
Amendment Flag	false
Entity Central Index Key	0001391933

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Due from banks, non-interest-bearing	$ 854	$ 205
Due from banks, interest-bearing	9,851	33,708
Cash and cash equivalents	10,705	33,913
Investment in interest-earning time deposits	7,924	9,463
Investment securities available for sale	4,033	10,725
Loans held for sale	107,823	53,191
Loans receivable, net of allowance for loan losses (2021 $5,262; 2020 $3,061)	403,966	359,122
Accrued interest receivable	3,139	3,054
Investment in Federal Home Loan Bank stock, at cost	2,178	1,665
Bank-owned life insurance	4,137	4,054
Premises and equipment, net	2,653	2,341
Goodwill	2,573	515
Other intangible, net of accumulated amortization	222	271
Other real estate owned, net		286
Prepaid expenses and other assets	4,762	5,475
Total Assets	554,115	484,075
Liabilities
Non-interest bearing	64,731	54,202
Interest-bearing	382,435	300,643
Total deposits	447,166	354,845
Federal Home Loan Bank short-term borrowings	26,000	10,000
Federal Home Loan Bank long-term borrowings	23,193	28,193
Federal Reserve Bank long-term borrowings	3,895	48,134
Subordinated debt	7,933	7,899
Accrued interest payable	174	362
Advances from borrowers for taxes and insurance	2,856	2,486
Accrued expenses and other liabilities	5,989	3,428
Total Liabilities	517,206	455,347
Stockholders’ Equity
Preferred stock – $0.01 par value, 1,000,000 shares authorized; none issued or outstanding	0	0
Common stock – $0.01 par value; 9,000,000 shares authorized; 2,777,250 issued; 2,011,313 and 1,986,528 outstanding at December 31, 2021 and 2020, respectively	28	28
Additional paid-in capital	15,685	15,282
Treasury stock, at cost: 765,937 and 790,722 shares at December 31, 2021 and 2020, respectively	(4,977)	(5,114)
Unallocated common stock held by: Employee Stock Ownership Plan (ESOP)		(51)
Accumulated other comprehensive income	23	118
Retained earnings	24,030	18,465
Total Quaint Oak Bancorp, Inc. Stockholders’ Equity	34,789	28,728
Noncontrolling Interest	2,120
Total Stockholders’ Equity	36,909	28,728
Total Liabilities and Stockholders’ Equity	$ 554,115	$ 484,075

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Loans receivable, allowance for loan losses	$ 5,262	$ 3,061
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	9,000,000	9,000,000
Common stock, shares issued (in shares)	2,777,250	2,777,250
Common stock, shares outstanding (in shares)	2,011,313	1,986,528
Treasury stock, at cost, shares (in shares)	765,937	790,722

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Interest Income
Interest on loans, including fees	$ 24,592,000	$ 15,657,000
Interest and dividends on investment securities, interest-bearing deposits with others, and Federal Home Loan Bank stock	403,000	666,000
Total Interest Income	24,995,000	16,323,000
Interest Expense
Interest on deposits	3,063,000	4,216,000
Interest on Federal Home Loan Bank short-term borrowings	31,000	37,000
Interest on Federal Home Loan Bank long-term borrowings	518,000	607,000
Interest on Federal Reserve Bank long-term borrowings	81,000	108,000
Interest on other short-term borrowings	162,000
Interest on subordinated debt	520,000	520,000
Total Interest Expense	4,375,000	5,488,000
Net Interest Income	20,620,000	10,835,000
Provision for Loan Losses	2,201,000	830,000
Net Interest Income after Provision for Loan Losses	18,419,000	10,005,000
Non-Interest Income
Insurance commissions	509,000	490,000
Income from bank-owned life insurance	83,000	80,000
Net gain on loans held for sale	6,881,000	4,319,000
Gain on the sale of SBA loans	1,147,000	115,000
Gain on sale of investment securities available for sale	362,000
Loss on sales and write-downs of other real estate owned	(73,000)	(197,000)
Total Non-Interest Income, net	11,982,000	6,655,000
Non-Interest Expense
Salaries and employee benefits	15,538,000	8,427,000
Directors’ fees and expenses	252,000	232,000
Occupancy and equipment	1,621,000	913,000
Data processing	901,000	717,000
Professional fees	659,000	541,000
FDIC deposit insurance assessment	331,000	121,000
Other real estate owned expenses		42,000
Advertising	351,000	113,000
Amortization of other intangible	49,000	49,000
Other	1,385,000	968,000
Total Non-Interest Expense	21,087,000	12,123,000
Income before Income Taxes	9,314,000	4,537,000
Income Taxes	2,492,000	1,292,000
Net Income	6,822,000	3,245,000
Net Income Attributable to Noncontrolling Interest	418,000
Net Income Attributable to Quaint Oak Bancorp, Inc.	$ 6,404,000	$ 3,245,000
Earnings per share – basic (in dollars per share)	$ 3.21	$ 1.64
Average shares outstanding - basic (in shares)	1,995,468	1,975,836
Earnings per share - diluted (in dollars per share)	$ 3.06	$ 1.61
Average shares outstanding - diluted (in shares)	2,093,108	2,012,399
Mortgage Banking and Abstract Fees [Member]
Non-Interest Income
Non-interest revenue	$ 2,499,000	$ 1,579,000
Real Estate Sales Commissions [Member]
Non-Interest Income
Non-interest revenue	170,000	159,000
Other Fees and Services Fees [Member]
Non-Interest Income
Non-interest revenue	255,000	$ 109,000
Loan Servicing Fee [Member]
Non-Interest Income
Non-interest revenue	$ 149,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net income	$ 6,822	$ 3,245
Other Comprehensive Income:
Unrealized gains on investment securities available for sale	242	125
Income tax effect	(51)	(27)
Reclassification adjustment for gain on sale of investment securities included in net income	(362)
Income tax effect	76
Total other comprehensive income	(95)	98
Total Comprehensive Income	6,727	3,343
Comprehensive Income Attributable to Noncontrolling Interest	418
Comprehensive Income Attributable to Quaint Oak Bancorp, Inc.	$ 6,309	$ 3,343

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	The 401(k) Plan [Member]Common Stock Outstanding [Member]	The 401(k) Plan [Member]Additional Paid-in Capital [Member]	The 401(k) Plan [Member]Treasury Stock [Member]	The 401(k) Plan [Member]Unallocated Common Stock Held by Benefit Plans [Member]	The 401(k) Plan [Member]AOCI Attributable to Parent [Member]	The 401(k) Plan [Member]Retained Earnings [Member]	The 401(k) Plan [Member]Noncontrolling Interest [Member]	The 401(k) Plan [Member]	Stock Incentive Plans [Member]Common Stock Outstanding [Member]	Stock Incentive Plans [Member]Additional Paid-in Capital [Member]	Stock Incentive Plans [Member]Treasury Stock [Member]	Stock Incentive Plans [Member]Unallocated Common Stock Held by Benefit Plans [Member]	Stock Incentive Plans [Member]AOCI Attributable to Parent [Member]	Stock Incentive Plans [Member]Retained Earnings [Member]	Stock Incentive Plans [Member]Noncontrolling Interest [Member]	The 2008 Stock Option Plan [Member]Common Stock Outstanding [Member]	The 2008 Stock Option Plan [Member]Additional Paid-in Capital [Member]	The 2008 Stock Option Plan [Member]Treasury Stock [Member]	The 2008 Stock Option Plan [Member]Unallocated Common Stock Held by Benefit Plans [Member]	The 2008 Stock Option Plan [Member]AOCI Attributable to Parent [Member]	The 2008 Stock Option Plan [Member]Retained Earnings [Member]	The 2008 Stock Option Plan [Member]Noncontrolling Interest [Member]	The 2008 Stock Option Plan [Member]	Common Stock Outstanding [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Unallocated Common Stock Held by Benefit Plans [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2019																								1,984,857
Balance at Dec. 31, 2019																								$ 28	$ 14,990	$ (4,950)	$ (118)	$ 20	$ 15,937	$ 0	$ 25,907
Common stock allocated by ESOP																									106		67				173
Treasury stock purchased (in shares)																								(28,891)
Treasury stock purchased																										(349)					(349)
Reissuance of treasury stock (in shares)	8,641								9,421							12,500
Reissuance of treasury stock		$ 44	$ 53					$ 97		$ (57)	$ 57						$ 26	$ 75					$ 101
Stock based compensation expense																									173						173
Cash dividends declared																													(717)		(717)
Net income																													3,245		3,245
Other comprehensive income /loss																												98			$ 98
Common stock allocated by ESOP (in shares)																															14,428
Balance (in shares) at Dec. 31, 2020																								1,986,528							1,986,528
Balance at Dec. 31, 2020																								$ 28	15,282	(5,114)	(51)	118	18,465	0	$ 28,728
Common stock allocated by ESOP																									190	24	51				265
Treasury stock purchased (in shares)																								(1,398)
Treasury stock purchased																										(25)					(25)
Reissuance of treasury stock (in shares)	5,262								9,421							7,500
Reissuance of treasury stock		$ 63	$ 33					$ 96		$ (58)	$ 58						$ 40	$ 47					$ 87
Stock based compensation expense																									168						168
Cash dividends declared																													(839)		(839)
Net income																													6,404	418	6,822
Other comprehensive income /loss																												(95)			$ (95)
Common stock allocated by ESOP (in shares)																								4,000							14,821
Noncontrolling interest initial contribution																														1,702	$ 1,702
Balance (in shares) at Dec. 31, 2021																								2,011,313							2,011,313
Balance at Dec. 31, 2021																								$ 28	$ 15,685	$ (4,977)	$ 0	$ 23	$ 24,030	$ 2,120	$ 36,909

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Common stock allocated by ESOP (in shares)	14,821	14,428
Cash dividends declared, per share (in dollars per share)	$ 0.42	$ 0.34

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities
Net income	$ 6,822,000	$ 3,245,000
Adjustments to reconcile net income to net cash used in operating activities:
Provision for loan losses	2,201,000	830,000
Depreciation expense	313,000	249,000
Amortization of operating right-of-use assets	164,000	145,000
Amortization of subordinated debt issuance costs	34,000	34,000
Amortization of other intangible	49,000	49,000
Net amortization of securities premiums	6,000	11,000
Accretion of deferred loan fees and costs, net	(4,988,000)	(1,370,000)
Deferred income taxes	(336,000)	(566,000)
Stock-based compensation expense	433,000	346,000
Net realized loss on sale of foreclosed real estate	73,000	92,000
Gain on sale of investment securities available for sale	(362,000)
Net gain on loans held for sale	(6,881,000)	(4,319,000)
Loans held for sale-originations	(406,216,000)	(207,062,000)
Loans held for sale-proceeds	369,379,000	167,118,000
Gain on the sale of SBA loans	(1,147,000)	(115,000)
Write-downs of other real estate owned		105,000
Increase in the cash surrender value of bank-owned life insurance	(83,000)	(80,000)
Changes in assets and liabilities which provided (used) cash:
Accrued interest receivable	(85,000)	(1,705,000)
Prepaid expenses and other assets	1,603,000	(1,640,000)
Accrued interest payable	(262,000)	48,000
Accrued expenses and other liabilities	1,891,000	824,000
Net Cash Used in Operating Activities	(37,392,000)	(43,761,000)
Cash Flows from Investing Activities
Purchase of interest-earning time deposits	(2,467,000)	(1,317,000)
Redemption of interest-earning time deposits	4,006,000	2,026,000
Purchase of investment securities available for sale		(4,008,000)
Principal repayments on investment securities available for sale	1,066,000	1,020,000
Proceeds from the sales of investment securities available for sale	5,862,000
Net increase in loans receivable	(42,536,000)	(111,775,000)
Purchase of Federal Home Loan Bank stock	(1,113,000)	(808,000)
Redemption of Federal Home Loan Bank stock	600,000	723,000
Proceeds from the sale of foreclosed real estate	563,000	1,611,000
Acquisition, net of cash acquired	1,259,000
Capitalized expenditures on other real estate owned	(350,000)	(270,000)
Purchase of premises and equipment	(588,000)	(364,000)
Net Cash Used in Investing Activities	(33,698,000)	(113,162,000)
Cash Flows from Financing Activities
Net increase in demand deposits, money markets, and savings accounts	111,838,000	112,411,000
Net (decrease) increase in certificate accounts	(19,517,000)	14,976,000
Increase (decrease) in advances from borrowers for taxes and insurance	370,000	(294,000)
Proceeds from Federal Home Loan Bank short-term borrowings	26,000,000	20,000,000
Repayment of Federal Home Loan Bank short-term borrowings	(10,000,000)	(20,000,000)
Proceeds from Federal Home Loan Bank long-term borrowings		3,922,000
Repayment of Federal Home Loan Bank long-term borrowings	(5,000,000)	(2,000,000)
Proceeds from Federal Reserve Bank long-term borrowings		52,144,000
Repayment of Federal Reserve Bank long-term borrowings	(44,239,000)	(4,010,000)
Repayment of other short-term borrowings	(10,889,000)
Dividends paid	(839,000)	(717,000)
Purchase of treasury stock	(25,000)	(349,000)
Proceeds from the reissuance of treasury stock	96,000	97,000
Proceeds from the exercise of stock options	87,000	101,000
Net Cash Provided by Financing Activities	47,882,000	176,281,000
Net (Decrease) Increase in Cash and Cash Equivalents	(23,208,000)	19,358,000
Cash and Cash Equivalents – Beginning of Year	33,913,000	14,555,000
Cash and Cash Equivalents – End of Year	10,705,000	33,913,000
Cash payments for interest	4,563,000	5,441,000
Cash payments for income taxes	2,293,000	1,124,000
Initial recognition of operating lease right-of use assets	670,000	658,000
Initial recognition of operating lease obligations	670,000	$ 658,000
Oakmont Capital Holdings, LLC [Member]
Non-cash assets acquired:
Loans held for sale	10,914,000
Premises and equipment	37,000
Goodwill	2,057,000
Other assets	24,000
Total non-cash assets acquired	13,032,000
Liabilities assumed:
Other short-term borrowings	12,515,000
Accrued interest payable	74,000
Total liabilities assumed	12,589,000
Net non-cash assets acquired	443,000
Cash and cash equivalents acquired	$ 4,259,000

Note 1 - Nature of Operations

Note 1 - Nature of Operations	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Nature of Operations [Text Block]	Note 1 The consolidated financial statements include the accounts of Quaint Oak Bancorp, Inc., a Pennsylvania chartered corporation (the “Company” or “Quaint Oak Bancorp”) and its wholly owned subsidiary, Quaint Oak Bank, a Pennsylvania chartered stock savings bank (the “Bank”), along with its wholly owned subsidiaries. At December 31, 2021, six July 2009. February, 2019, July 2012 August 2016 October 2021 January 4, 2021, second The Bank is subject to regulation by the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation. Pursuant to the Bank’s election under Section 10 three

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	Note 2 Use of Estimates 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 loan losses and valuation of deferred tax assets. Significant Group Concentrations of Credit Risk The Bank has a significant concentration of loans in Philadelphia County, Pennsylvania. The concentration of credit by type of loan is set forth in Note 7. December 31, 2021, one Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include non-interest earning and interest-earning demand deposits and money market accounts with various financial institutions, all of which mature within ninety Investment Securities Management determines the appropriate classification of debt securities at the time of purchase and reevaluates such designation as of each balance sheet date. Securities classified as available for sale are those securities that the Company intends to hold for an indefinite period of time but not Securities classified as held to maturity are those debt securities the Company has both the intent and ability to hold to maturity regardless of the changes in market conditions, liquidity needs, or changes in general economic conditions. These securities are carried at cost adjusted for amortization of premium and accretion of discount, which are recognized in interest income using the interest method over the terms of the securities. The Company follows the accounting guidance related to recognition and presentation of other-than-temporary impairment. This accounting guidance specifies that (a) if a company does not not not not not not not December 31, 2021 2020. Federal Home Loan Bank Stock Federal law requires a member institution of the Federal Home Loan Bank (FHLB) system to hold restricted stock of its district Federal Home Loan Bank according to a predetermined formula. FHLB stock is carried at cost and evaluated for impairment. When evaluating FHLB stock for impairment, its value is determined based on the ultimate recoverability of the par value of the stock. We evaluate our holdings of FHLB stock for impairment each reporting period. No impairment charges were recognized on FHLB stock during the years ended December 31, 2021 2020. Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans. The Bank is generally amortizing these amounts over the contractual life of the loan. The loans receivable portfolio is segmented into residential loans, commercial real estate loans, construction loans, commercial business, and consumer loans. The residential loan segment has two one four one four five The accrual of interest is generally discontinued when principal or interest has become 90 no Allowance for Loan Losses The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the balance sheet date and is recorded as a reduction to loans. The allowance for loan losses is increased by the provision for loan losses, and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable are charged off to the allowance as soon as it is determined that the repayment of all, or part, of the principal balance is highly unlikely. Because all identified losses are immediately charged off, no The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may may The allowance consists of specific, general and unallocated components. The specific component relates to loans that are identified as impaired. For loans that are identified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these categories of loans, adjusted for qualitative factors. These significant factors may A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not A loan is considered a troubled debt restructuring (“TDR”) if the Company, for economic or legal reasons related to a debtor’s financial difficulties, grants a concession to the debtor that it would not For loans secured by real estate, estimated fair values are determined primarily through third The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for all loans (except one four may not may may not Loans Held for Sale Loans originated by the Bank’s mortgage banking subsidiary, Quaint Oak Mortgage, LLC, are intended for sale in the secondary market and are carried at the lower of cost or fair value (LOCOM). Gains and losses on loan sales (sales proceeds minus carrying value) are recorded in noninterest income, and direct loan origination costs, commissions and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan. To a lesser extent, the Bank originates commercial business loans for the purchase of business essential equipment for sale primarily to other financial institutions. Bank Owned Life Insurance ( BOLl ) The Company purchases bank owned life insurance as a mechanism for funding various employee benefit costs. The Company is the beneficiary of these policies that insure the lives of certain officers of its subsidiaries. The Company has recognized the cash surrender value under the insurance policies as an asset in the Consolidated Balance Sheets. Changes in the cash surrender value are recorded in non-interest income in the Consolidated Statements of Income. Premises and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed on the straight-line method over the expected useful lives of the related assets that range from three thirty-nine Intangible Assets Intangible assets on the consolidated balance sheets represent the acquisition by Quaint Oak Insurance Agency of the renewal rights to a book of business on August 1, 2016 ten The Company will complete a goodwill and other intangible asset analysis at least on an annual basis or more often if events and circumstances indicate that there may Other Real Estate Owned Other real estate owned or foreclosed assets are comprised of property acquired through a foreclosure proceeding or acceptance of a deed in lieu of foreclosure and loans classified as in-substance foreclosures. A loan is classified as in-substance foreclosure when the Bank has taken possession of the collateral regardless of whether formal foreclosure proceedings take place. Other real estate properties are initially recorded at fair value, net of estimated selling costs at the date of foreclosure, establishing a new cost basis. After foreclosure, valuations are periodically performed by management and the real estate is carried at the lower of cost or fair value less estimated costs to sell. Net revenue and expenses from operations and additions to the valuation allowance are included in other expenses. The Company no other real estate owned (OREO) at December 31, 2021. one December 31, 2020. Mortgage Servicing Rights Included in other assets are mortgage servicing rights recognized as separate assets when mortgage loans are sold and the servicing rights are retained. These capitalized mortgage servicing rights are amortized into non-interest income in proportion to, and over the period of, the estimated future net servicing period of the underlying mortgage loans. Mortgage servicing rights totaled $323,000 and $136,000 at December 31, 2021 2020, December 31, 2021 2020, Advertising Costs The Company expenses all advertising costs as incurred. Advertising costs are included in non-interest expense on the Consolidated Statements of Income. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not Income Taxes Deferred income taxes are provided on the liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not not The Company follows guidance related to accounting for uncertainty in income taxes, which sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. A tax position is recognized as a benefit only if it is more likely than not 50 not not no no December 31, 2021 2020. no January 1, 2018. Comprehensive Income Accounting principles generally accepted in the United States of America require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the stockholders’ equity section of the balance sheet, such items, along with net income, are components of comprehensive income. Treasury Stock and Unallocated Common Stock The acquisition of treasury stock by the Company, including unallocated stock held by certain benefit plans, is recorded under the cost method. At the date of subsequent reissue, treasury stock is reduced by the cost of such stock based on an average cost method with any excess proceeds credited to additional paid-in capital. Share-Based Compensation Stock compensation accounting guidance requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost is measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock option and restricted share plans. The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. A Black-Scholes model is used to estimate the fair value of stock options, while the closing price of the Company’s common stock on the grant date is used for restricted stock awards. At December 31, 2021, three 2008 2013 2018 May 2013 2018. 14. The Company also has an employee stock ownership plan (“ESOP”). This plan is more fully described in Note 14. Earnings Per Share Amounts reported in earnings per share reflect earnings available to common stockholders for the period divided by the weighted average number of shares of common stock outstanding during the period, exclusive of unearned ESOP shares, unvested restricted stock (RRP) shares and treasury shares. Stock options and unvested restricted stock are regarded as potential common stock and are considered in the diluted earnings per share calculations to the extent they would have a dilutive effect if converted to common stock, computed using the “treasury stock” method. Revenue from Contracts with Customers The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic 606, Revenue from Contracts with Customers ( Topic 606 ) 606, The Company’s primary sources of revenue are derived from interest and dividends earned on loans and investment securities, mortgage banking revenue, including gains on the sale of mortgage loans, income from bank-owned life insurance, and other financial instruments that are not 606. Other Fees and Service Charges Abstract Title Fees Real Estate Sales Commissions, Net Insurance Commissions : not one no Off-Balance Sheet Financial Instruments In the ordinary course of business, the Bank has entered into off-balance sheet financial instruments consisting of commitments to extend credit. Such financial instruments are recorded in the consolidated balance sheet when they are funded. Reclassifications Certain items in the 2020 2021 not Recent Accounting Pronouncements Not In June 2016, 2016 13, 2016 13 December 15, 2022, December 15, 2018. first one first one In November 2019, 2019 10, 326 Derivatives and Hedging (Topic 815 842 2016 13 December 15, 2022, one first one In January 2017, 2017 04, Simplifying the Test for Goodwill Impairment 2 2, not December 15, 2019. November 2019, 2019 10, Financial Instruments Credit Losses (Topic 326 815 842 350, Intangibles Goodwill and Other December 15, 2022, not In May 2019, 2019 05, Financial Instruments Credit Losses, Topic 326 825 10.3. not 2016 13. not 2016 13, 2016 13. 2016 13, 2019 05 December 15, 2019, 2016 13 November, 2019, 2019 10, Financial Instruments Credit Losses (Topic 326 815 842 944 , Financial Services Insurance December 15, 2021, December 15, 2023, December 15, 2024. not In March 2020, 2020 03, Codification Improvements to Financial Instruments 2016. seven not 825, 842 326. 2019 04 December 15, 2019, not 2016 01. 2016 13 not 2016 13. not 2016 13. 2016 13 December 15, 2019, not In March 2020, 2020 04, Reference Rate Reform (Topic 848 March 2020, not not one December 31, 2022. In January 2021, 2021 01, Reference Rate Reform (Topic 848 848. 2021 01 848. 2021 01 may March 12, 2020, not December 31, 2022, December 31, 2022, December 31, 2022,

Note 3 - Earnings Per Share

Note 3 - Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 3 Earnings Per Share Earnings per share (“EPS”) consists of two not December 31, 2021 2020, The following table sets forth the composition of the weighted average shares (denominator) used in the basic and dilutive earnings per share computations. For the Year Ended December 31, 2021 2020 Net Income $ 6,404,000 $ 3,245,000 Weighted average shares outstanding – basic 1,995,468 1,975,836 Effect of dilutive common stock equivalents 97,639 36,563 Adjusted weighted average shares outstanding – diluted 2,093,108 2,012,399 Basic earnings per share $ 3.21 $ 1.64 Diluted earnings per share $ 3.06 $ 1.61

Note 4 - Accumulated Other Comp

Note 4 - Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	Note 4 Accumulated Other Comprehensive Income (Loss) The following table presents the changes in accumulated other comprehensive income (loss) by component, net of tax, for the years ended December 31, 2021 2020 Unrealized Losses on Investment Securities Available for Sale (1) 2021 2020 Balance beginning of the year $ 118 $ 20 Other comprehensive income (loss) before reclassifications 191 98 Amount reclassified from accumulated other comprehensive income (loss) (286 ) -- Total other comprehensive income (95 ) 98 Balance end of the year $ 23 $ 118 _______________________ ( 1 The following table presents significant amounts reclassified out of each component of accumulated other comprehensive income for the years ended December 31, 2021 2020 Details About Other Comprehensive Income Amount Reclassified from Accumulated Other Comprehensive Income (Loss) (1) Affected Line Item in the Statement of Income For the Year Ended December 31, 2021 2020 Sale of securities available for sale $ 362 $ -- Gain on sales of investment securities Tax effect (76 ) -- Income taxes Total reclassification for the period $ 286 $ -- ______________________ ( 1

Note 5 - Investment in Interest

Note 5 - Investment in Interest-earning Time Deposits	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Investments and Other Noncurrent Assets [Text Block]	Note 5 Investment in Interest-Earning Time Deposits The investment in interest-earning time deposits as of December 31, 2021 2020, 2021 2020 Due in one year or less $ 4,487 $ 4,006 Due after one year through five years 3,437 5,457 Total $ 7,924 $ 9,463

Note 6 - Investment Securities

Note 6 - Investment Securities Available for Sale	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 6 Investment Securities Available for Sale The amortized cost, gross unrealized gains and losses, and fair value of investment securities available for sale at December 31, 2021 2020 December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Available for Sale: Mortgage-backed securities: Government National Mortgage Association securities $ 3,860 $ 22 $ -- $ 3,882 Federal National Mortgage Association securities 144 7 -- 151 Total available-for-sale-securities $ 4,004 $ 29 $ -- $ 4,033 December 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Available for Sale: Mortgage-backed securities: Government National Mortgage Association securities $ 4,887 $ 27 $ (1 ) $ 4,913 Federal National Mortgage Association securities 183 6 -- 189 Total mortgage-backed securities 5,070 33 (1 ) 5,102 Debt securities: Corporate notes 5,506 117 -- 5,623 Total available-for-sale-securities $ 10,576 $ 150 $ (1 ) $ 10,725 The amortized cost and fair value of mortgage-backed and debt securities at December 31, 2021, may Available for Sale Amortized Cost Fair Value Due after five through ten years $ -- $ -- Due after ten years 4,004 4,033 Total $ 4,004 $ 4,033 The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2020 ( December 31, 2020 Less than Twelve Months Twelve Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Government National Mortgage Association securities 1 $ 681 $ (1 ) $ -- $ -- $ 681 $ (1 ) At December 31, 2021, no may December 31, 2021 2020.

Note 7 - Loans Receivable, Net

Note 7 - Loans Receivable, Net and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Financing Receivables [Text Block]	Note 7 The composition of net loans receivable is as follows (in thousands): December 31, 2021 December 31, 2020 Real estate loans: One-to-four family residential: Owner occupied $ 9,779 $ 7,528 Non-owner occupied 38,752 38,884 Total one-to-four family residential 48,531 46,412 Multi-family (five or more) residential 29,344 24,043 Commercial real estate 183,822 131,820 Construction 15,843 4,775 Home equity 4,706 3,788 Total real estate loans 282,246 210,838 Commercial business 129,608 154,387 Other consumer 12 17 Total Loans 411,866 365,242 Deferred loan fees and costs (2,638 ) (3,059 ) Allowance for loan losses (5,262 ) (3,061 ) Net Loans $ 403,966 $ 359,122 The following tables present the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of December 31, 2021 2020 December 31, 2021 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 9,365 $ 414 $ -- $ -- $ 9,779 One-to-four family residential non-owner occupied 38,743 -- 9 -- 38,752 Multi-family residential 27,621 1,723 -- -- 29,344 Commercial real estate 181,914 -- 1,908 -- 183,822 Construction 15,843 -- -- -- 15,843 Home equity 4,706 -- -- -- 4,706 Commercial business 125,725 -- 3,883 -- 129,608 Other consumer 12 -- -- -- 12 Total $ 403,929 $ 2,137 $ 5,800 $ -- $ 411,866 December 31, 2020 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 6,942 $ 415 $ 171 $ -- $ 7,528 One-to-four family residential non-owner occupied 38,567 -- 317 -- 38,884 Multi-family residential 24,043 -- -- -- 24,043 Commercial real estate 129,236 2,292 292 -- 131,820 Construction 4,775 -- -- -- 4,775 Home equity 3,788 -- -- -- 3,788 Commercial business 154,387 -- -- -- 154,387 Other consumer 17 -- -- -- 17 Total $ 361,755 $ 2,707 $ 780 $ -- $ 365,242 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not December 31, 2021 December 31, 2021 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: One-to-four family residential owner occupied $ - $ - $ -- $ 66 $ -- One-to-four family residential non-owner occupied 9 9 -- 9 -- Multi-family residential -- -- -- -- -- Commercial real estate 131 131 -- 131 12 Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- 18 -- Other consumer -- -- -- -- -- With an allowance recorded: One-to-four family residential owner occupied $ -- $ -- $ -- $ -- $ -- One-to-four family residential non-owner occupied -- -- -- -- -- Multi-family residential -- -- -- -- -- Commercial real estate -- -- -- -- -- Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total: One-to-four family residential owner occupied $ - - $ -- $ 66 $ -- One-to-four family residential non-owner occupied 9 9 -- 9 -- Multi-family residential -- -- -- -- -- Commercial real estate 131 131 -- 131 12 Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- 18 -- Other consumer -- -- -- -- -- Total $ 140 $ 140 $ -- $ 224 $ 12 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of December 31, 2020 as well as the average recorded investment and related interest income for the year then ended (in thousands): December 31, 2020 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: One-to-four family residential owner occupied $ 171 $ 178 $ -- $ 171 $ 1 One-to-four family residential non-owner occupied 19 19 -- 19 3 Multi-family residential -- -- -- -- -- Commercial real estate 131 131 -- 131 1 Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- With an allowance recorded: One-to-four family residential owner occupied $ -- $ -- $ -- $ -- $ -- One-to-four family residential non-owner occupied -- -- -- -- -- Multi-family residential -- -- -- -- -- Commercial real estate -- -- -- -- -- Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total: One-to-four family residential owner occupied $ 171 178 $ -- $ 171 $ 1 One-to-four family residential non-owner occupied 19 19 -- 19 3 Multi-family residential -- -- -- -- -- Commercial real estate 131 131 -- 131 1 Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total $ 321 $ 328 $ -- $ 321 $ 5 The loan portfolio also includes certain loans that have been modified in a troubled debt restructuring, where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from loss mitigation activities and could include reductions in the interest rate, payment extensions, forbearance, or other actions. At December 31, 2021, two one December 31, 2021. December 31, 2021, no December 31, 2020, two one December 31, 2020. not six The following tables present the Company’s TDR loans as of December 31, 2021 2020 December 31, 2021 Number of Contracts Recorded Investment Non- Accrual Accruing Related Allowance One-to-four family residential owner occupied -- $ -- $ -- $ -- $ -- One-to-four family residential non-owner occupied 1 9 9 -- -- Multi-family residential -- -- -- -- -- Commercial real estate 1 131 -- 131 -- Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total 2 $ 140 $ 9 $ 131 $ -- December 31, 2020 Number of Contracts Recorded Investment Non- Accrual Accruing Related Allowance One-to-four family residential owner occupied -- $ -- $ -- $ -- $ -- One-to-four family residential non-owner occupied 1 19 19 -- -- Multi-family residential -- -- -- -- -- Commercial real estate 1 131 -- 131 -- Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total 2 $ 150 $ 19 $ 131 $ -- The contractual aging of the TDRs in the tables above as of December 31, 2021 2020 December 31, 2021 Current Past Due 30-89 Days Greater than 90 Days and Accruing Non- Accrual Total One-to-four family residential owner occupied $ -- $ -- $ -- $ -- $ -- One-to-four family residential non-owner occupied -- -- -- 9 9 Multi-family residential -- -- -- -- -- Commercial real estate 131 -- -- -- 131 Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total $ 131 $ -- $ -- $ 9 $ 140 December 31, 2020 Current Past Due 30-89 Days Greater than 90 Days and Accruing Non- Accrual Total One-to-four family residential owner occupied $ -- $ -- $ -- $ -- $ -- One-to-four family residential non-owner occupied -- -- -- 19 19 Multi-family residential -- -- -- -- -- Commercial real estate 131 -- -- -- 131 Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total $ 131 $ -- $ -- $ 19 $ 150 Any reserve for an impaired TDR loan is based upon the present value of the future expected cash flows discounted at the loan’s original effective rate or upon the fair value of the collateral less costs to sell, if the loan is deemed collateral dependent. At December 31, 2021 The general practice of the Bank is to work with borrowers so that they are able to pay back their loan in full. If a borrower continues to be delinquent or cannot meet the terms of a TDR modification and the loan is determined to be uncollectible, the loan will be charged off. Following is a summary, by loan portfolio class, of changes in the allowance for loan losses for the year ended December 31, 2021 December 31, 2021 ( December 31, 2021 1-4 Family Residential Owner Occupied 1-4 Family Residential Non- Owner Occupied Multi- Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 88 $ 362 $ 229 $ 1,287 $ 62 $ 20 $ 763 $ 250 $ 3,061 Charge-offs -- -- -- -- -- -- (17 ) -- (17 ) Recoveries -- -- -- -- -- -- 17 -- 17 Provision (15 ) (70 ) 20 1,188 57 9 862 150 2,201 Ending balance $ 73 $ 292 $ 249 $ 2,475 $ 119 $ 29 $ 1,625 $ 400 $ 5,262 Ending balance evaluated for impairment: Individually $ -- $ -- $ -- $ -- $ -- $ -- $ -- $ -- $ - Collectively $ 73 $ 292 $ 249 $ 2,475 $ 119 $ 29 1,625 $ 400 $ 5,262 Loans receivable: Ending balance $ 9,779 $ 38,752 $ 29,344 $ 183,822 $ 15,843 $ 4,706 $ 129,620 $ 411,866 Ending balance evaluated for impairment: Individually $ - $ 9 $ -- $ 131 $ -- $ -- $ -- $ 140 Collectively $ 9,779 $ 38,743 $ 29,344 $ 183,691 $ 15,843 $ 4,706 $ 129,620 $ 411,726 The Bank allocated increased allowance for loan loss provisions to the commercial real estate loan portfolio class for the year ended December 31, 2021, December 31, 2021, December 31, 2021, December 31, 2021, 19 December 31, 2021 19 Following is a summary, by loan portfolio class, of changes in the allowance for loan losses for the year ended December 31, 2020 December 31, 2020 ( December 31, 2020 1-4 Family Residential Owner Occupied 1-4 Family Residential Non-Owner Occupied Multi- Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 52 $ 351 $ 145 $ 854 $ 250 $ 19 $ 500 $ 60 $ 2,231 Charge-offs -- -- -- -- -- -- -- -- -- Recoveries -- -- -- -- -- -- -- -- -- Provision 36 11 84 433 (188 ) 1 263 190 830 Ending balance $ 88 $ 362 $ 229 $ 1,287 $ 62 $ 20 $ 763 $ 250 $ 3,061 Ending balance evaluated for impairment: Individually $ -- $ -- $ -- $ -- $ -- $ -- $ -- $ -- $ - Collectively $ 88 $ 362 $ 229 $ 1,287 $ 62 $ 20 763 $ 250 $ 3,061 Loans receivable: Ending balance $ 7,528 $ 38,884 $ 24,043 $ 131,820 $ 4,775 $ 3,788 $ 154,404 $ 365,242 Ending balance evaluated for impairment: Individually $ 171 $ 19 $ -- $ 131 $ -- $ -- $ -- $ 321 Collectively $ 7,357 $ 38,865 $ 24,043 $ 131,689 $ 4,775 $ 3,788 $ 154,404 $ 364,921 The Bank allocated increased allowance for loan loss provisions to the commercial real estate loan portfolio class for the year ended December 31, 2020, December 31, 2020, December 31, 2020, December 31, 2020, 19 December 31, 2020 19 The following table presents non-accrual loans by classes of the loan portfolio as of December 31, 2021 2020 December 31, 2021 December 31, 2020 One-to-four family residential owner occupied $ - $ 171 One-to-four family residential non-owner occupied 9 19 Multi-family residential -- -- Commercial real estate -- -- Construction -- -- Home equity -- -- Commercial business -- -- Other consumer -- -- Total $ 9 $ 190 Non-performing loans, which consist of non-accruing loans plus accruing loans 90 December 31, 2021 2020, For the years ended December 31, 2021 2020 December 31, 2021 2020. The performance and credit quality of the loan portfolio are also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the past due status as of December 31, 2021 2020 December 31, 2021 30-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Loans Receivable 90 Days or More Past Due and Accruing One-to-four family residential owner occupied $ 809 $ - $ 809 $ 8,970 $ 9,779 $ -- One-to-four family residential non-owner occupied 285 9 294 38,458 38,752 -- Multi-family residential -- -- -- 29,344 29,344 -- Commercial real estate -- -- -- 183,822 183,822 -- Construction -- -- -- 15,843 15,843 -- Home equity -- -- -- 4,706 4,706 -- Commercial business 367 -- 367 129,241 129,608 -- Other consumer -- -- -- 12 12 -- Total $ 1,461 $ 9 $ 1,470 $ 410,396 $ 411,866 $ -- December 31, 2020 30-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Loans Receivable 90 Days or More Past Due and Accruing One-to-four family residential owner occupied $ 822 $ 171 $ 993 $ 6,535 $ 7,528 $ -- One-to-four family residential non-owner occupied 189 66 255 38,629 38,884 66 Multi-family residential 1,947 -- 1,947 22,096 24,043 -- Commercial real estate 569 387 956 130,864 131,820 387 Construction 1,783 -- 1,783 2,992 4,775 -- Home equity -- -- -- 3,788 3,788 -- Commercial business 574 -- 574 153,813 154,387 -- Other consumer -- -- -- 17 17 -- Total $ 5,884 $ 624 $ 6,508 $ 358,734 $ 365,242 $ 453

Note 8 - Premises and Equipment

Note 8 - Premises and Equipment	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 8 The components of premises and equipment at December 31, 2021 2020 2021 2020 Land and land improvements $ 292 $ 292 Buildings 1,568 1,553 Leasehold improvements 584 564 Furniture, fixtures and equipment 2,417 1,827 4,861 4,236 Accumulated depreciation (2,208 ) (1,895 ) Premises and equipment, net $ 2,653 $ 2,341 Depreciation expense for the years ended December 31, 2021 2020

Note 9 - Goodwill and Other Int

Note 9 - Goodwill and Other Intangible, Net	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 9 Goodwill and Other Intangible, Net On January 4, 2021, second August 1, 2016, ten December 31, 2021 December 31, 2021 2020 $49,000 Estimated amortization expense of other intangible for each of the next five 2022 $ 49 2023 49 2024 49 2025 49 Thereafter 26 Total $ 222

Note 10 - Deposits

Note 10 - Deposits	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	Note 10 Deposits and the weighted average interest rate at December 31, 2021 2020 2021 2020 Amount Weighted Average Interest Rate Amount Weighted Average Interest Rate Non-interest bearing checking accounts $ 64,730 -- % $ 54,202 -- % Passbook accounts 10 0.15 8 0.16 Savings accounts 1,828 0.20 1,570 0.20 Money market accounts 200,688 0.56 99,638 0.80 Certificate of deposit accounts 179,910 0.94 199,427 1.49 Total $ 447,166 0.61 % $ 354,845 1.03 % A summary of certificates of deposit by maturity at December 31, 2021 Years ending December 31: 2022 $ 67,574 2023 63,532 2024 33,274 2025 9,710 2026 5,820 Total $ 179,910 The aggregate amount of certificates of deposit with a minimum denomination of $250,000 December 31, 2021 2020,

Note 11 - Borrowings

Note 11 - Borrowings	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 11 As of December 31, 2021, December 31, 2021 2020, December 31, 2021, December 31, 2021 2020. December 31, 2021. December 31, 2021. Federal Home Loan Bank short-term borrowings and the weighted interest rate consist of the following at December 31, 2021 2020 At or For the Year Ended December 31, 2021 2020 FHLB short-term borrowings: Average balance outstanding $ 10,405 $ 3,292 Maximum amount outstanding at any month-end during the period 26,000 20,000 Balance outstanding at end of period 26,000 10,000 Average interest rate during the period 0.30 % 1.12 % Weighted average interest rate at end of period 0.28 % 0.41 % Federal Home Loan Bank long-term borrowings and the weighted interest rate consist of the following at December 31, 2021 2020 December 31, 2021 December 31, 2020 Fixed rate borrowings maturing: Amount Weighted Interest Rate Amount Weighted Interest Rate 2021 $ -- -- % $ 5,000 2.20 % 2022 7,171 2.10 7,171 2.10 2023 7,000 2.16 7,000 2.16 2024 6,167 2.05 6,167 2.05 2025 2,855 1.25 2,855 1.25 Total FHLB long-term debt $ 23,193 2.00 % $ 28,193 2.03 % Federal Reserve Bank long-term borrowings decreased to $3.9 million at December 31, 2021 December 31, 2020 0.35% two

Note 12 - Subordinated Debt

Note 12 - Subordinated Debt	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Subordinated Borrowings Disclosure [Text Block]	Note 12 Subordinated Debt On December 27, 2018, December 31, 2028, may, December 31, 2023, The balance and unamortized issuance costs of subordinated debt at December 31, 2021 Principal Unamortized Debt Issuance Costs Net 6.5 December 31, 2028 $ 8,000 $ 67 $ 7,933 All subordinated notes are not

Note 13 - Income Taxes

Note 13 - Income Taxes	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 13 The components of income tax expense for the years ended December 31, 2021 2020 2021 2020 Federal: Current $ 2,045 $ 1,442 Deferred (336 ) (566 ) Total federal 1,709 876 State, current 783 416 Total $ 2,492 $ 1,292 The following table presents the reconciliation between the reported income tax expense and the income tax expense which would be computed by applying the normal federal income tax rate of 21% December 31, 2021 2020, 2021 2020 Amount Rate Amount Rate Federal income tax at statutory rate $ 1,868 21.0 % $ 953 21.0 % State tax, net of federal benefit 618 7.0 328 7.2 Stock compensation expense 20 0.2 23 0.5 Other (14 ) (0.2 ) (12 ) (0.3 ) Total $ 2,492 28.0 % $ 1,292 28.4 % The components of the net deferred tax asset at December 31, 2021 2020 2021 2020 Deferred tax assets: Allowance for loan losses $ 1,105 $ 643 Deferred loan fees 554 642 Stock-based compensation 6 6 Interest on non-accrual loans -- 3 Total deferred tax assets 1,665 1,294 Deferred tax liabilities: Bank premises and equipment (199 ) (168 ) Unrealized gain on investment securities available for sale (6 ) (31 ) Intangible (21 ) (17 ) Total deferred tax liabilities (226 ) (216 ) Net Deferred Tax Asset $ 1,439 $ 1,078 The net deferred tax asset at December 31, 2021 2020 December 31, 2021 2020,

Note 14 - Stock Compensation Pl

Note 14 - Stock Compensation Plans	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	Note 14 Stock Compensation Plans Employee Stock Ownership Plan The Company maintains an Employee Stock Ownership Plan (ESOP) for the benefit of employees who meet the eligibility requirements of the plan. Using proceeds from a loan from the Company, the ESOP purchased 8%, or 222,180 shares of the Company’s then outstanding common stock in the open market during 2007. September 30, 2021. September 30, 2021, no 2007 Shares of the Company’s common stock purchased by the ESOP are held in a suspense account and reported as unallocated common stock held by the ESOP in stockholders’ equity until released for allocation to participants. As the debt is repaid, shares are released from collateral and are allocated to each eligible participant based on the ratio of each such participant’s base compensation to the total base compensation of eligible plan participants. As the unearned shares are committed to be released and allocated among participants, the Company recognizes compensation expense equal to the average market value of the shares, and the shares become outstanding for earnings per share computations. During the fourth 2021, December 31, 2021 2020, The following table represents the components of the ESOP shares at December 31, 2021 2020: 2021 2020 Allocated shares 193,207 179,507 Unreleased shares -- 10,821 Total ESOP shares 193,207 190,328 Fair value of unreleased shares (in thousands) $ -- $ 160 Stock Incentive Plans Share Awards In May 2013, 2013 “2013 2013 May 2013 may May 2018, 2018 “2018 2018 May 2018 may As of December 31, 2021 2013 2018 2018 2013 2013 2018 five A summary of option activity under the Company’s Option Plan and 2013 2018 December 31, 2021 2020 December 31, 2021 2020 2021 2020 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Unvested at the beginning of the year 28,266 $ 13.30 38,887 $ 13.30 Granted -- -- -- -- Vested (9,421 ) 13.30 (9,421 ) 13.30 Forfeited -- -- (1,200 ) 13.30 Unvested at the end of the year 18,845 $ 13.30 28,266 $ 13.30 Compensation expense on the restricted stock awards is recognized ratably over the five December 31, 2021 2020, December 31, 2021 2020, December 31, 2021, In May 2008, 2008 no February 13, 2018, 2013 10 2013 May 2013 may 2018 May 2018 may All incentive stock options issued under the Option Plan and the 2013 2018 422 five ten As of December 31, 2021, 2013 2018 2018 2013 none five ten A summary of option activity under the Company’s Option Plan and Stock Incentive Plan for the years ended December 31, 2021 2020 December 31, 2021 2020 2021 2020 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Outstanding at the beginning of the year 240,636 $ 10.98 5.2 256,336 $ 10.87 6.0 Granted -- -- -- -- -- -- Exercised (7,500 ) 11.57 -- (12,500 ) 8.10 -- Forfeited -- -- -- (3,200 ) 13.30 -- Outstanding at the end of the period 233,136 $ 10.96 4.2 240,636 $ 10.98 5.2 Exercisable at the end of the period 180,081 $ 10.28 5.6 161,054 $ 9.84 5.4 The estimated fair value of the options granted in May 2018 Expected dividend yield 2.11% Risk-free interest rate 2.96% Expected life of options 6.5 years Expected stock-price volatility 12.42% The dividend yield was calculated on the dividend amount and stock price existing at the grant date. The risk free interest rate used was based on the rates of United States Treasury securities with maturities equal to the expected lives of the options. Although the contractual term of the options granted is ten may At December 31, 2021, December 31, 2020, December 31, 2021 December 31, 2020. During both the years ended December 31, 2021 2020, December 31, 2021,

Note 15 - Transactions With Exe

Note 15 - Transactions With Executive Officers and Directors	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 15 Certain directors and executive officers of the Company, their families and their affiliates are customers of the Bank. Any transactions with such parties, including loans and commitments, are in the ordinary course of business at normal terms, including interest rate and collateralization, prevailing at the time and do not None December 31, 2021 2020,

Note 16 - Financial Instruments

Note 16 - Financial Instruments With Off-balance Sheet Risk	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	Note 16 The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for on-balance sheet instruments. A summary of the Company’s financial instrument commitments at December 31, 2021 2020 2021 2020 Commitments to originate loans $ 27,871 $ 17,631 Unfunded commitments under lines of credit 38,732 22,431 Standby letters of credit 4,804 1,621 Commitments to extend credit are agreements to lend to a customer as long as there is no may not may

Note 17 - Leases

Note 17 - Leases	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 17 The Company leases its office at 501 2016 02, Leases (Topic 842 three 842 The Company has elected to account for the variable nonlease components, such as common area maintenance charges, utilities, real estate taxes, and insurance, separately from the lease component. Such variable nonlease components are reported in net occupancy expense on the Consolidated Statements of Income when paid. These variable nonlease components were excluded from the calculation of the present value of the remaining lease payments, therefore, they are not December 31, 2021 December 31, 2020. Certain of the Company’s leases contain options to renew the lease after the initial term. Management considers the Corporation’s historical pattern of exercising renewal options on leases and the positive performance of the leased locations, when determining whether it is reasonably certain that the leases will be renewed. If management concludes that there is reasonable certainty about the renewal option, it is included in the calculation of the remaining term of each applicable lease. The discount rate utilized in calculating the present value of the remaining lease payments for each lease was the Federal Home Loan Bank of Pittsburgh advance rate corresponding to the remaining maturity of the lease. The following table presents the weighted-average remaining lease term and discount rate for the leases outstanding at December 31, 2021. Operating Weighted average remaining term (years) 14.6 Weighted average discount rate 2.90 % The following table presents the undiscounted cash flows due related to operating leases as of December 31, 2021, Undiscounted cash flows due (In thousands): Operating 2022 $ 213 2023 219 2024 222 2025 219 2026 225 2027 and thereafter 1,847 Total undiscounted cash flows 2,945 Discount on cash flows (561 ) Total lease liabilities $ 2,384 Under Topic 842, not twelve not December 31, 2021, no twelve Rental expense under operating leases totaled approximately $297,000 in 2021 2020.

Note 18 - Regulatory Matters

Note 18 - Regulatory Matters	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	Note 18 The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk-weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth below) of total, Tier 1, 1 1 December 31, 2021, In July 2013 January 1, 2019. 1 1 1 January 1, 2015. 1 January 1, 2015. January 1, 2016 January 1, 2019. 90 1 1 Bank holding companies are generally subject to statutory capital requirements, which were implemented by certain of the new capital regulations described above that became effective on January 1, 2015. On December 27, 2018, 12 1 December 31, 2021 no December 31, 2021 not The Bank’s actual capital amounts and ratios at December 31, 2021 2020 Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021: Total capital (to risk-weighted assets) $ 45,765 10.69 % $ ≥34,247 ≥8.00 % $ ≥42,809 ≥10.00 % Tier 1 capital (to risk-weighted assets) 40,438 9.45 ≥25,685 ≥6.00 ≥32,247 ≥ 8.00 Common Equity Tier 1 capital (to risk-weighted assets) 40,438 9.45 ≥19,264 ≥4.50 ≥27,826 ≥ 6.50 Tier 1 capital (to average assets) 40,438 7.41 ≥21,822 ≥4.00 ≥27,277 ≥ 5.00 Actual For Capital Adequacy To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020: Total capital (to risk-weighted assets) $ 37,084 14.52 % $ ≥ ≥ % $ ≥ ≥ % Tier 1 capital (to risk-weighted assets) 33,996 13.31 ≥ ≥ ≥ ≥ Common Equity Tier 1 capital (to risk-weighted assets) 33,996 13.31 ≥ ≥ ≥ ≥ Tier 1 capital (to average assets) 33,996 8.56 ≥ ≥ ≥ ≥ Under the Dodd-Frank Wall Street Reform and Consumer Protection Act the Board of Governors of the Federal Reserve System as the primary regulator for the Company is authorized to extend leverage capital requirements and risk based capital requirements applicable to depository institutions and bank holding companies to thrift holding companies. Legislation adopted in late 2014 Banking regulations place certain restrictions on dividends paid by the Bank to the Company. The Company is dependent upon dividends from the Bank to provide funds for the payment of dividends to the Company’s shareholders, interest payments on the subordinated debt and other general corporate purposes. The Bank’s ability to pay cash dividends directly or indirectly to the Company is governed by federal law, regulations and related guidance. These include the requirement that the Bank must receive approval to declare a dividend if the total amount of all dividends, including the proposed dividend, declared by the Bank in any current year exceeds the total of the Bank’s net income for the current year to date, combined with its retained net income for the previous two The Bank may not may In 2021, 2020, December 31, 2021, December 31, 2021 2020

Note 19 - Fair Value Measuremen

Note 19 - Fair Value Measurements and Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 19 Fair Value Measurements and Fair Values of Financial Instruments Fair value estimates are based on quoted market prices, if available, quoted market prices of similar assets or liabilities, or the present value of expected future cash flows and other valuation techniques. These valuations are significantly affected by discount rates, cash flow assumptions, and risk assumptions used. Therefore, fair values estimates may not not may Fair value is determined at one not not not not The following disclosures show the hierarchal disclosure framework associated with the level of pricing observations utilized in measuring assets and liabilities at fair value. The three Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and items that are fair-valued using other financial instruments, the parameters of which can be directly observed. Level III: Valuations derived from valuation techniques in which one This hierarchy requires the use of observable market data when available. The methods of determining the fair value of assets and liabilities presented in this note are consistent with our methodologies disclosed in Note 18 2021 10 3 The following is a discussion of assets and liabilities measured at fair value on a recurring and non-recurring basis and valuation techniques applied: Investment Securities Available For Sale: 1 2 We may Impaired Loans: 3 Other Real Estate Owned: 3 The table below sets forth the financial assets and liabilities that were accounted for on a recurring and nonrecurring basis by level within the fair value hierarchy as of December 31, 2021 ( December 31, 2021 Fair Value Measurements Using: Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring fair value measurements: Investment securities available for sale Government National Mortgage Association mortgage-backed securities $ 3,882 $ -- $ 3,882 $ -- Federal National Mortgage Association mortgage-backed securities 151 -- 151 -- Total investment securities available for sale $ 4,033 $ -- $ 4,033 $ -- Total recurring fair value measurements $ 4,033 $ -- $ 4,033 $ -- Nonrecurring fair value measurements Impaired loans $ 140 $ -- $ -- $ 140 Total nonrecurring fair value measurements $ 140 $ -- $ -- $ 140 The table below sets forth the financial assets and liabilities that were accounted for on a recurring and nonrecurring basis by level within the fair value hierarchy as of December 31, 2020 ( December 31, 2020 Fair Value Measurements Using: Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring fair value measurements: Investment securities available for sale Government National Mortgage Association mortgage-backed securities $ 4,913 $ -- $ 4,913 $ -- Federal National Mortgage Association mortgage-backed securities 189 -- 189 -- Corporate notes 5,623 -- 5,623 -- Total investment securities available for sale $ 10,725 $ -- $ 10,725 $ -- Total recurring fair value measurements $ 10,725 $ -- $ 10,725 $ -- Nonrecurring fair value measurements Impaired loans $ 321 $ -- $ -- $ 321 Other Real Estate Owned 286 -- -- 286 Total nonrecurring fair value measurements $ 607 $ -- $ -- $ 607 The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has used Level 3 December 31, 2021 2020 December 31, 2021 Quantitative Information About Level 3 Fair Value Measurements Total Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 140 Appraisal of collateral (1) Appraisal adjustments (2) 8% (8%) December 31, 2020 Quantitative Information About Level 3 Fair Value Measurements Total Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 321 Appraisal of collateral (1) Appraisal adjustments (2) 8% (8%) Other real estate owned $ 286 Appraisal of collateral (1) Appraisal adjustments (2) 0% 12% (12%) ______________ ( 1 3 ( 2 may expenses and other appraisal adjustments are presented as a percentage of the appraisal. The estimated fair values of the Company’s financial instruments that are not December 31, 2021 2020 Fair Value Measurements at December 31, 2021 Carrying Amount Fair Value Estimate Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Financial Assets Investment in interest-earning time deposits $ 7,924 $ 8,091 $ -- $ -- $ 8,091 Loans held for sale 107,823 112,843 -- 112,843 -- Loans receivable, net 403,966 409,203 -- -- 409,203 Financial Liabilities Deposits 447,166 446,576 267,255 -- 179,321 FHLB long-term borrowings 23,193 23,231 -- -- 23,231 FRB long-term borrowings 3,895 3,895 - - 3,895 Subordinated debt 7,933 8,312 - - 8,312 Fair Value Measurements at December 31, 2020 Carrying Amount Fair Value Estimate Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Financial Assets Investment in interest-earning time deposits $ 9,463 $ 10,536 $ -- $ -- $ 10,536 Loans held for sale 53,191 62,396 -- 62,396 -- Loans receivable, net 359,122 363,527 -- -- 363,527 Financial Liabilities Deposits 354,845 358,112 155,417 -- 202,695 FHLB long-term borrowings 28,193 28,284 -- -- 28,284 FRB long-term borrowings 48,134 48,126 - - 48,126 Subordinated debt 7,899 8,283 - - 8,283 For cash and cash equivalents, accrued interest receivable, investment in FHLB stock, bank-owned life insurance, FHLB short-term borrowings, accrued interest payable, and advances from borrowers for taxes and insurance, the carrying value is a reasonable estimate of the fair value and are considered Level 1

Note 20 - Operating Segments

Note 20 - Operating Segments	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 20 Operating Segments The Company’s operations currently consist of two two The Banking Segment generates its revenues primarily from its lending, deposit gathering and fee business activities. The profitability of this segment’s operations depends primarily on its net interest income after provision for credit losses, which is the difference between interest earned on interest earning assets and interest paid on interest bearing liabilities less provision for credit losses. The provision for credit losses is almost entirely dependent on changes in the Banking Segment’s loan portfolio and management’s assessment of the collectability of the loan portfolio as well as prevailing economic and market conditions. The profitability of this segment’s operations also depends on the generation of non-interest income which includes fees and commissions generated by Quaint Oak Bank and its wholly-owned subsidiaries, Quaint Oak Real Estate, LLC, Quaint Oak Abstract, LLC, Quaint Oak Insurance Agency, LLC, and Oakmont Commercial, LLC, which are included in the Banking Segment for segment reporting purposes. The Banking Segment is also subject to an extensive system of laws and regulations that are intended primarily for the protection of depositors and other customers, federal deposit insurance funds and the banking system as a whole. These laws and regulations govern such areas as capital, permissible activities, allowance for loan and lease losses, loans and investments, and rates of interest that can be charged on loans. For segment reporting purposes, Quaint Oak Bancorp, Inc. is included as part of the Company’s Banking segment. The Mortgage Banking Segment originates residential mortgage loans which are sold into the secondary market along with the loans’ servicing rights. The profitability of this segment’s operations depends primarily on the gains realized from the sale of loans and processing fees. The Mortgage Banking Segment is also subject to an extensive system of laws and regulations that are intended primarily for the protection of consumers. The following table present summary financial information for the reportable segments (in thousands): As of or for the Year Ended December 31, 2021 2020 Quaint Oak Bank(1) Quaint Oak Mortgage Consolidated Quaint Oak Bank(1) Quaint Oak Mortgage Consolidated Net Interest Income $ 20,746 $ (126 ) $ 20,620 $ 11,190 $ (355 ) $ 10,835 Provision for Loan Losses 2,201 -- 2,201 830 -- 830 Net Interest Income after Provision for Loan Losses 18,545 (126 ) 18,419 10,360 (355 ) 10,005 Non-Interest Income Mortgage banking and title abstract fees 1,937 562 2,499 923 656 1,579 Real estate sales commissions, net 170 -- 170 159 -- 159 Insurance commissions 509 -- 509 490 -- 490 Other fees and services charges 255 -- 255 109 -- 109 Loan servicing income 149 -- 149 -- -- -- Income from bank-owned life insurance 83 -- 83 80 -- 80 Net gain on loans held for sale 3,804 3,077 6,881 -- 4,320 4,320 Gain on the sale of SBA loans 1,147 -- 1,147 115 -- 115 Loss on sale of investment securities available for sale 362 -- 362 -- -- -- Loss on sales and write-downs of other real estate owned (73 ) -- (73 ) (197 ) -- (197 ) Total Non-Interest Income 8,343 3,639 11,982 1,679 4,976 6,655 Non-Interest Expense Salaries and employee benefits 13,492 2,046 15,538 6,980 1,447 8,427 Directors’ fees and expenses 252 -- 252 232 -- 232 Occupancy and equipment 1,322 299 1,621 631 282 913 Data processing 605 296 901 470 247 717 Professional fees 586 73 659 501 40 541 FDIC deposit insurance assessment 331 -- 331 121 -- 121 Other real estate owned expenses -- -- -- 42 -- 42 Advertising 289 62 351 92 21 113 Amortization of other intangible 49 -- 49 49 -- 49 Other 1,289 96 1,385 909 59 968 Total Non-Interest Expense 18,215 2,872 21,087 10,027 2,096 12,123 Pretax Segment Profit $ 8,673 $ 641 $ 9,314 $ 2,012 $ 2,525 $ 4,537 Segment Assets $ 524,943 $ 29,172 $ 554,115 $ 422,230 $ 61,845 $ 484,075 ___________________ ( 1

Note 21 - Acquisition of Oakmon

Note 21 - Acquisition of Oakmont Capital Holdings, LLC	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 21 Acquisition of Oakmont Capital Holdings, LLC On January 4, 2021, second 50 1998. 2015. The following table summarizes the investment in Oakmont Capital Holdings, LLC as of January 4, 2021: Controlling interest: Quaint Oak Bancorp, Inc. investment – 51.00 $ 2,284 Purchase price assigned to controlling interest 2,284 Noncontrolling interest: JPL Capital, LLC investment – 24.50 $ 850 Preferred Business Leasing, Inc. investment – 12.25 426 Lecy Consulting, LLC investment – 12.25 426 Purchase price assigned to noncontrolling interest $ 1,702 Total purchase price consideration $ 3,986 Net assets acquired: Assets Cash and cash equivalents $ 1,259 Leases, net of unearned income 9,611 Premises and equipment 37 Prepaid expenses 24 Other assets 1,087 Total Assets $ 12,018 Liabilities Borrowings $ 12,515 Accrued interest payable 74 Total Liabilities $ 12,589 Total net assets of Oakmont Capital Holdings, LLC $ (571 ) Capital contribution by Quaint Oak Bancorp, Inc. $ 2,284 Total tangible equity $ 1,713 Estimated adjustments to reflect assets acquired at fair value: Loans fair value adjustment $ (216 ) Net assets acquired 1,928 Goodwill 2,058

Note 22 - Quaint Oak Bancorp, I

Note 22 - Quaint Oak Bancorp, Inc. (Parent Company Only)	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
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, 2021 2020 Assets Cash and cash equivalents $ 676 $ 333 Investment in Quaint Oak Bank 40,556 34,766 Premises and equipment, net 1,474 1,513 Other assets 16 15 Total Assets $ 42,722 $ 36,627 Liabilities and Stockholders’ Equity Subordinated debt $ 7,933 $ 7,899 Stockholders’ equity 34,789 28,728 Total Liabilities and Stockholders’ Equity $ 42,722 $ 36,627 Statements of Income For the Year Ended December 31, 2021 2020 Income Dividends from subsidiary $ 1,000 $ 500 Interest income - 2 Rental income 314 339 Total Income 1,314 841 Expenses Occupancy and equipment expense 110 96 Interest on subordinated debt 520 520 Other expenses 156 158 Total Expenses 786 774 Net Income Before Income Taxes 528 67 Equity in Undistributed Net Income of Subsidiary 5,777 3,087 Income Tax Benefit 99 91 Net Income $ 6,404 $ 3,245 Comprehensive Income $ 6,309 $ 3,343 Statements of Cash Flows For the Year Ended December 31, 2021 2020 Operating Activities Net income $ 6,404 $ 3,245 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Undistributed net income in subsidiary (5,777 ) (3,087 ) Depreciation expense 54 53 Amortization of subordinated debt issuance costs 34 34 Stock-based compensation expense 324 346 Decrease in other assets - (52 ) Net cash provided by operating activities 1,039 539 Investing Activities Purchase of property and equipment (15 ) (7 ) Net cash used in investing activities (15 ) (7 ) Financing Activities Dividends paid (839 ) (717 ) Purchase of treasury stock (25 ) (349 ) Proceeds from the reissuance of treasury stock 96 97 Proceeds from the exercise of stock options 87 101 Net cash used in financing activities (681 ) (868 ) Net Increase (Decrease) in Cash and Cash Equivalents 343 (336 ) Cash and Cash Equivalents-Beginning of Year 333 669 Cash and Cash Equivalents-End of Year $ 676 $ 333

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	Use of Estimates 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 loan losses and valuation of deferred tax assets.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Significant Group Concentrations of Credit Risk The Bank has a significant concentration of loans in Philadelphia County, Pennsylvania. The concentration of credit by type of loan is set forth in Note 7. December 31, 2021, one
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include non-interest earning and interest-earning demand deposits and money market accounts with various financial institutions, all of which mature within ninety
Investment, Policy [Policy Text Block]	Investment Securities Management determines the appropriate classification of debt securities at the time of purchase and reevaluates such designation as of each balance sheet date. Securities classified as available for sale are those securities that the Company intends to hold for an indefinite period of time but not Securities classified as held to maturity are those debt securities the Company has both the intent and ability to hold to maturity regardless of the changes in market conditions, liquidity needs, or changes in general economic conditions. These securities are carried at cost adjusted for amortization of premium and accretion of discount, which are recognized in interest income using the interest method over the terms of the securities. The Company follows the accounting guidance related to recognition and presentation of other-than-temporary impairment. This accounting guidance specifies that (a) if a company does not not not not not not not December 31, 2021 2020.
Federal Home Loan Bank Stock [Policy Text Block]	Federal Home Loan Bank Stock Federal law requires a member institution of the Federal Home Loan Bank (FHLB) system to hold restricted stock of its district Federal Home Loan Bank according to a predetermined formula. FHLB stock is carried at cost and evaluated for impairment. When evaluating FHLB stock for impairment, its value is determined based on the ultimate recoverability of the par value of the stock. We evaluate our holdings of FHLB stock for impairment each reporting period. No impairment charges were recognized on FHLB stock during the years ended December 31, 2021 2020.
Financing Receivable [Policy Text Block]	Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans. The Bank is generally amortizing these amounts over the contractual life of the loan. The loans receivable portfolio is segmented into residential loans, commercial real estate loans, construction loans, commercial business, and consumer loans. The residential loan segment has two one four one four five The accrual of interest is generally discontinued when principal or interest has become 90 no
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Loan Losses The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the balance sheet date and is recorded as a reduction to loans. The allowance for loan losses is increased by the provision for loan losses, and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable are charged off to the allowance as soon as it is determined that the repayment of all, or part, of the principal balance is highly unlikely. Because all identified losses are immediately charged off, no The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may may The allowance consists of specific, general and unallocated components. The specific component relates to loans that are identified as impaired. For loans that are identified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these categories of loans, adjusted for qualitative factors. These significant factors may A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not A loan is considered a troubled debt restructuring (“TDR”) if the Company, for economic or legal reasons related to a debtor’s financial difficulties, grants a concession to the debtor that it would not For loans secured by real estate, estimated fair values are determined primarily through third The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for all loans (except one four may not may may not
Financing Receivable, Held-for-sale [Policy Text Block]	Loans Held for Sale Loans originated by the Bank’s mortgage banking subsidiary, Quaint Oak Mortgage, LLC, are intended for sale in the secondary market and are carried at the lower of cost or fair value (LOCOM). Gains and losses on loan sales (sales proceeds minus carrying value) are recorded in noninterest income, and direct loan origination costs, commissions and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan. To a lesser extent, the Bank originates commercial business loans for the purchase of business essential equipment for sale primarily to other financial institutions.
Bank Owned Life Insurance [Policy Text Block]	Bank Owned Life Insurance ( BOLl ) The Company purchases bank owned life insurance as a mechanism for funding various employee benefit costs. The Company is the beneficiary of these policies that insure the lives of certain officers of its subsidiaries. The Company has recognized the cash surrender value under the insurance policies as an asset in the Consolidated Balance Sheets. Changes in the cash surrender value are recorded in non-interest income in the Consolidated Statements of Income.
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed on the straight-line method over the expected useful lives of the related assets that range from three thirty-nine
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Intangible Assets Intangible assets on the consolidated balance sheets represent the acquisition by Quaint Oak Insurance Agency of the renewal rights to a book of business on August 1, 2016 ten The Company will complete a goodwill and other intangible asset analysis at least on an annual basis or more often if events and circumstances indicate that there may
Financing Receivable, Real Estate Acquired Through Foreclosure [Policy Text Block]	Other Real Estate Owned Other real estate owned or foreclosed assets are comprised of property acquired through a foreclosure proceeding or acceptance of a deed in lieu of foreclosure and loans classified as in-substance foreclosures. A loan is classified as in-substance foreclosure when the Bank has taken possession of the collateral regardless of whether formal foreclosure proceedings take place. Other real estate properties are initially recorded at fair value, net of estimated selling costs at the date of foreclosure, establishing a new cost basis. After foreclosure, valuations are periodically performed by management and the real estate is carried at the lower of cost or fair value less estimated costs to sell. Net revenue and expenses from operations and additions to the valuation allowance are included in other expenses. The Company no other real estate owned (OREO) at December 31, 2021. one December 31, 2020.
Mortgage Servicing Rights [Policy Text Block]	Mortgage Servicing Rights Included in other assets are mortgage servicing rights recognized as separate assets when mortgage loans are sold and the servicing rights are retained. These capitalized mortgage servicing rights are amortized into non-interest income in proportion to, and over the period of, the estimated future net servicing period of the underlying mortgage loans. Mortgage servicing rights totaled $323,000 and $136,000 at December 31, 2021 2020, December 31, 2021 2020,
Advertising Cost [Policy Text Block]	Advertising Costs The Company expenses all advertising costs as incurred. Advertising costs are included in non-interest expense on the Consolidated Statements of Income.
Transfers and Servicing of Financial Assets, Policy [Policy Text Block]	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not
Income Tax, Policy [Policy Text Block]	Income Taxes Deferred income taxes are provided on the liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not not The Company follows guidance related to accounting for uncertainty in income taxes, which sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. A tax position is recognized as a benefit only if it is more likely than not 50 not not no no December 31, 2021 2020. no January 1, 2018.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income Accounting principles generally accepted in the United States of America require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the stockholders’ equity section of the balance sheet, such items, along with net income, are components of comprehensive income.
Treasury Stock and Unallocated Common Stock [Policy Text Block]	Treasury Stock and Unallocated Common Stock The acquisition of treasury stock by the Company, including unallocated stock held by certain benefit plans, is recorded under the cost method. At the date of subsequent reissue, treasury stock is reduced by the cost of such stock based on an average cost method with any excess proceeds credited to additional paid-in capital.
Share-based Payment Arrangement [Policy Text Block]	Share-Based Compensation Stock compensation accounting guidance requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost is measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock option and restricted share plans. The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. A Black-Scholes model is used to estimate the fair value of stock options, while the closing price of the Company’s common stock on the grant date is used for restricted stock awards. At December 31, 2021, three 2008 2013 2018 May 2013 2018. 14. The Company also has an employee stock ownership plan (“ESOP”). This plan is more fully described in Note 14.
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share Amounts reported in earnings per share reflect earnings available to common stockholders for the period divided by the weighted average number of shares of common stock outstanding during the period, exclusive of unearned ESOP shares, unvested restricted stock (RRP) shares and treasury shares. Stock options and unvested restricted stock are regarded as potential common stock and are considered in the diluted earnings per share calculations to the extent they would have a dilutive effect if converted to common stock, computed using the “treasury stock” method.
Revenue from Contract with Customer [Policy Text Block]	Revenue from Contracts with Customers The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic 606, Revenue from Contracts with Customers ( Topic 606 ) 606, The Company’s primary sources of revenue are derived from interest and dividends earned on loans and investment securities, mortgage banking revenue, including gains on the sale of mortgage loans, income from bank-owned life insurance, and other financial instruments that are not 606. Other Fees and Service Charges Abstract Title Fees Real Estate Sales Commissions, Net Insurance Commissions : not one no
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block]	Off-Balance Sheet Financial Instruments In the ordinary course of business, the Bank has entered into off-balance sheet financial instruments consisting of commitments to extend credit. Such financial instruments are recorded in the consolidated balance sheet when they are funded.
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications Certain items in the 2020 2021 not
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Not In June 2016, 2016 13, 2016 13 December 15, 2022, December 15, 2018. first one first one In November 2019, 2019 10, 326 Derivatives and Hedging (Topic 815 842 2016 13 December 15, 2022, one first one In January 2017, 2017 04, Simplifying the Test for Goodwill Impairment 2 2, not December 15, 2019. November 2019, 2019 10, Financial Instruments Credit Losses (Topic 326 815 842 350, Intangibles Goodwill and Other December 15, 2022, not In May 2019, 2019 05, Financial Instruments Credit Losses, Topic 326 825 10.3. not 2016 13. not 2016 13, 2016 13. 2016 13, 2019 05 December 15, 2019, 2016 13 November, 2019, 2019 10, Financial Instruments Credit Losses (Topic 326 815 842 944 , Financial Services Insurance December 15, 2021, December 15, 2023, December 15, 2024. not In March 2020, 2020 03, Codification Improvements to Financial Instruments 2016. seven not 825, 842 326. 2019 04 December 15, 2019, not 2016 01. 2016 13 not 2016 13. not 2016 13. 2016 13 December 15, 2019, not In March 2020, 2020 04, Reference Rate Reform (Topic 848 March 2020, not not one December 31, 2022. In January 2021, 2021 01, Reference Rate Reform (Topic 848 848. 2021 01 848. 2021 01 may March 12, 2020, not December 31, 2022, December 31, 2022, December 31, 2022,

Note 3 - Earnings Per Share (Ta

Note 3 - Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Year Ended December 31, 2021 2020 Net Income $ 6,404,000 $ 3,245,000 Weighted average shares outstanding – basic 1,995,468 1,975,836 Effect of dilutive common stock equivalents 97,639 36,563 Adjusted weighted average shares outstanding – diluted 2,093,108 2,012,399 Basic earnings per share $ 3.21 $ 1.64 Diluted earnings per share $ 3.06 $ 1.61

Note 4 - Accumulated Other Co_2

Note 4 - Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Losses on Investment Securities Available for Sale (1) 2021 2020 Balance beginning of the year $ 118 $ 20 Other comprehensive income (loss) before reclassifications 191 98 Amount reclassified from accumulated other comprehensive income (loss) (286 ) -- Total other comprehensive income (95 ) 98 Balance end of the year $ 23 $ 118
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Details About Other Comprehensive Income Amount Reclassified from Accumulated Other Comprehensive Income (Loss) (1) Affected Line Item in the Statement of Income For the Year Ended December 31, 2021 2020 Sale of securities available for sale $ 362 $ -- Gain on sales of investment securities Tax effect (76 ) -- Income taxes Total reclassification for the period $ 286 $ --

Note 5 - Investment in Intere_2

Note 5 - Investment in Interest-earning Time Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Investments in Interest-Earning Time Deposits by Contractual Maturity [Table Text Block]	2021 2020 Due in one year or less $ 4,487 $ 4,006 Due after one year through five years 3,437 5,457 Total $ 7,924 $ 9,463

Note 6 - Investment Securitie_2

Note 6 - Investment Securities Available for Sale (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Debt Securities, Available-for-sale [Table Text Block]	December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Available for Sale: Mortgage-backed securities: Government National Mortgage Association securities $ 3,860 $ 22 $ -- $ 3,882 Federal National Mortgage Association securities 144 7 -- 151 Total available-for-sale-securities $ 4,004 $ 29 $ -- $ 4,033 December 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Available for Sale: Mortgage-backed securities: Government National Mortgage Association securities $ 4,887 $ 27 $ (1 ) $ 4,913 Federal National Mortgage Association securities 183 6 -- 189 Total mortgage-backed securities 5,070 33 (1 ) 5,102 Debt securities: Corporate notes 5,506 117 -- 5,623 Total available-for-sale-securities $ 10,576 $ 150 $ (1 ) $ 10,725
Investments Classified by Contractual Maturity Date [Table Text Block]	Available for Sale Amortized Cost Fair Value Due after five through ten years $ -- $ -- Due after ten years 4,004 4,033 Total $ 4,004 $ 4,033
Schedule of Unrealized Loss on Investments [Table Text Block]	December 31, 2020 Less than Twelve Months Twelve Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Government National Mortgage Association securities 1 $ 681 $ (1 ) $ -- $ -- $ 681 $ (1 )

Note 7 - Loans Receivable, Ne_2

Note 7 - Loans Receivable, Net and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2021 December 31, 2020 Real estate loans: One-to-four family residential: Owner occupied $ 9,779 $ 7,528 Non-owner occupied 38,752 38,884 Total one-to-four family residential 48,531 46,412 Multi-family (five or more) residential 29,344 24,043 Commercial real estate 183,822 131,820 Construction 15,843 4,775 Home equity 4,706 3,788 Total real estate loans 282,246 210,838 Commercial business 129,608 154,387 Other consumer 12 17 Total Loans 411,866 365,242 Deferred loan fees and costs (2,638 ) (3,059 ) Allowance for loan losses (5,262 ) (3,061 ) Net Loans $ 403,966 $ 359,122
Financing Receivable Credit Quality Indicators [Table Text Block]	December 31, 2021 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 9,365 $ 414 $ -- $ -- $ 9,779 One-to-four family residential non-owner occupied 38,743 -- 9 -- 38,752 Multi-family residential 27,621 1,723 -- -- 29,344 Commercial real estate 181,914 -- 1,908 -- 183,822 Construction 15,843 -- -- -- 15,843 Home equity 4,706 -- -- -- 4,706 Commercial business 125,725 -- 3,883 -- 129,608 Other consumer 12 -- -- -- 12 Total $ 403,929 $ 2,137 $ 5,800 $ -- $ 411,866 December 31, 2020 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 6,942 $ 415 $ 171 $ -- $ 7,528 One-to-four family residential non-owner occupied 38,567 -- 317 -- 38,884 Multi-family residential 24,043 -- -- -- 24,043 Commercial real estate 129,236 2,292 292 -- 131,820 Construction 4,775 -- -- -- 4,775 Home equity 3,788 -- -- -- 3,788 Commercial business 154,387 -- -- -- 154,387 Other consumer 17 -- -- -- 17 Total $ 361,755 $ 2,707 $ 780 $ -- $ 365,242
Impaired Financing Receivables [Table Text Block]	December 31, 2021 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: One-to-four family residential owner occupied $ - $ - $ -- $ 66 $ -- One-to-four family residential non-owner occupied 9 9 -- 9 -- Multi-family residential -- -- -- -- -- Commercial real estate 131 131 -- 131 12 Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- 18 -- Other consumer -- -- -- -- -- With an allowance recorded: One-to-four family residential owner occupied $ -- $ -- $ -- $ -- $ -- One-to-four family residential non-owner occupied -- -- -- -- -- Multi-family residential -- -- -- -- -- Commercial real estate -- -- -- -- -- Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total: One-to-four family residential owner occupied $ - - $ -- $ 66 $ -- One-to-four family residential non-owner occupied 9 9 -- 9 -- Multi-family residential -- -- -- -- -- Commercial real estate 131 131 -- 131 12 Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- 18 -- Other consumer -- -- -- -- -- Total $ 140 $ 140 $ -- $ 224 $ 12 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of December 31, 2020 as well as the average recorded investment and related interest income for the year then ended (in thousands): December 31, 2020 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: One-to-four family residential owner occupied $ 171 $ 178 $ -- $ 171 $ 1 One-to-four family residential non-owner occupied 19 19 -- 19 3 Multi-family residential -- -- -- -- -- Commercial real estate 131 131 -- 131 1 Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- With an allowance recorded: One-to-four family residential owner occupied $ -- $ -- $ -- $ -- $ -- One-to-four family residential non-owner occupied -- -- -- -- -- Multi-family residential -- -- -- -- -- Commercial real estate -- -- -- -- -- Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total: One-to-four family residential owner occupied $ 171 178 $ -- $ 171 $ 1 One-to-four family residential non-owner occupied 19 19 -- 19 3 Multi-family residential -- -- -- -- -- Commercial real estate 131 131 -- 131 1 Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total $ 321 $ 328 $ -- $ 321 $ 5
Financing Receivable, Troubled Debt Restructuring [Table Text Block]	December 31, 2021 Number of Contracts Recorded Investment Non- Accrual Accruing Related Allowance One-to-four family residential owner occupied -- $ -- $ -- $ -- $ -- One-to-four family residential non-owner occupied 1 9 9 -- -- Multi-family residential -- -- -- -- -- Commercial real estate 1 131 -- 131 -- Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total 2 $ 140 $ 9 $ 131 $ -- December 31, 2020 Number of Contracts Recorded Investment Non- Accrual Accruing Related Allowance One-to-four family residential owner occupied -- $ -- $ -- $ -- $ -- One-to-four family residential non-owner occupied 1 19 19 -- -- Multi-family residential -- -- -- -- -- Commercial real estate 1 131 -- 131 -- Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total 2 $ 150 $ 19 $ 131 $ --
Contractual Aging of Troubled Debt Restructurings [Table Text Block]	December 31, 2021 Current Past Due 30-89 Days Greater than 90 Days and Accruing Non- Accrual Total One-to-four family residential owner occupied $ -- $ -- $ -- $ -- $ -- One-to-four family residential non-owner occupied -- -- -- 9 9 Multi-family residential -- -- -- -- -- Commercial real estate 131 -- -- -- 131 Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total $ 131 $ -- $ -- $ 9 $ 140 December 31, 2020 Current Past Due 30-89 Days Greater than 90 Days and Accruing Non- Accrual Total One-to-four family residential owner occupied $ -- $ -- $ -- $ -- $ -- One-to-four family residential non-owner occupied -- -- -- 19 19 Multi-family residential -- -- -- -- -- Commercial real estate 131 -- -- -- 131 Construction -- -- -- -- -- Home equity -- -- -- -- -- Commercial business -- -- -- -- -- Other consumer -- -- -- -- -- Total $ 131 $ -- $ -- $ 19 $ 150
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	December 31, 2021 1-4 Family Residential Owner Occupied 1-4 Family Residential Non- Owner Occupied Multi- Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 88 $ 362 $ 229 $ 1,287 $ 62 $ 20 $ 763 $ 250 $ 3,061 Charge-offs -- -- -- -- -- -- (17 ) -- (17 ) Recoveries -- -- -- -- -- -- 17 -- 17 Provision (15 ) (70 ) 20 1,188 57 9 862 150 2,201 Ending balance $ 73 $ 292 $ 249 $ 2,475 $ 119 $ 29 $ 1,625 $ 400 $ 5,262 Ending balance evaluated for impairment: Individually $ -- $ -- $ -- $ -- $ -- $ -- $ -- $ -- $ - Collectively $ 73 $ 292 $ 249 $ 2,475 $ 119 $ 29 1,625 $ 400 $ 5,262 Loans receivable: Ending balance $ 9,779 $ 38,752 $ 29,344 $ 183,822 $ 15,843 $ 4,706 $ 129,620 $ 411,866 Ending balance evaluated for impairment: Individually $ - $ 9 $ -- $ 131 $ -- $ -- $ -- $ 140 Collectively $ 9,779 $ 38,743 $ 29,344 $ 183,691 $ 15,843 $ 4,706 $ 129,620 $ 411,726 December 31, 2020 1-4 Family Residential Owner Occupied 1-4 Family Residential Non-Owner Occupied Multi- Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 52 $ 351 $ 145 $ 854 $ 250 $ 19 $ 500 $ 60 $ 2,231 Charge-offs -- -- -- -- -- -- -- -- -- Recoveries -- -- -- -- -- -- -- -- -- Provision 36 11 84 433 (188 ) 1 263 190 830 Ending balance $ 88 $ 362 $ 229 $ 1,287 $ 62 $ 20 $ 763 $ 250 $ 3,061 Ending balance evaluated for impairment: Individually $ -- $ -- $ -- $ -- $ -- $ -- $ -- $ -- $ - Collectively $ 88 $ 362 $ 229 $ 1,287 $ 62 $ 20 763 $ 250 $ 3,061 Loans receivable: Ending balance $ 7,528 $ 38,884 $ 24,043 $ 131,820 $ 4,775 $ 3,788 $ 154,404 $ 365,242 Ending balance evaluated for impairment: Individually $ 171 $ 19 $ -- $ 131 $ -- $ -- $ -- $ 321 Collectively $ 7,357 $ 38,865 $ 24,043 $ 131,689 $ 4,775 $ 3,788 $ 154,404 $ 364,921
Financing Receivable, Nonaccrual [Table Text Block]	December 31, 2021 December 31, 2020 One-to-four family residential owner occupied $ - $ 171 One-to-four family residential non-owner occupied 9 19 Multi-family residential -- -- Commercial real estate -- -- Construction -- -- Home equity -- -- Commercial business -- -- Other consumer -- -- Total $ 9 $ 190
Financing Receivable, Past Due [Table Text Block]	December 31, 2021 30-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Loans Receivable 90 Days or More Past Due and Accruing One-to-four family residential owner occupied $ 809 $ - $ 809 $ 8,970 $ 9,779 $ -- One-to-four family residential non-owner occupied 285 9 294 38,458 38,752 -- Multi-family residential -- -- -- 29,344 29,344 -- Commercial real estate -- -- -- 183,822 183,822 -- Construction -- -- -- 15,843 15,843 -- Home equity -- -- -- 4,706 4,706 -- Commercial business 367 -- 367 129,241 129,608 -- Other consumer -- -- -- 12 12 -- Total $ 1,461 $ 9 $ 1,470 $ 410,396 $ 411,866 $ -- December 31, 2020 30-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Loans Receivable 90 Days or More Past Due and Accruing One-to-four family residential owner occupied $ 822 $ 171 $ 993 $ 6,535 $ 7,528 $ -- One-to-four family residential non-owner occupied 189 66 255 38,629 38,884 66 Multi-family residential 1,947 -- 1,947 22,096 24,043 -- Commercial real estate 569 387 956 130,864 131,820 387 Construction 1,783 -- 1,783 2,992 4,775 -- Home equity -- -- -- 3,788 3,788 -- Commercial business 574 -- 574 153,813 154,387 -- Other consumer -- -- -- 17 17 -- Total $ 5,884 $ 624 $ 6,508 $ 358,734 $ 365,242 $ 453

Note 8 - Premises and Equipme_2

Note 8 - Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Property, Plant and Equipment [Table Text Block]	2021 2020 Land and land improvements $ 292 $ 292 Buildings 1,568 1,553 Leasehold improvements 584 564 Furniture, fixtures and equipment 2,417 1,827 4,861 4,236 Accumulated depreciation (2,208 ) (1,895 ) Premises and equipment, net $ 2,653 $ 2,341

Note 9 - Goodwill and Other I_2

Note 9 - Goodwill and Other Intangible, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2022 $ 49 2023 49 2024 49 2025 49 Thereafter 26 Total $ 222

Note 10 - Deposits (Tables)

Note 10 - Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Deposit Liabilities, Type [Table Text Block]	2021 2020 Amount Weighted Average Interest Rate Amount Weighted Average Interest Rate Non-interest bearing checking accounts $ 64,730 -- % $ 54,202 -- % Passbook accounts 10 0.15 8 0.16 Savings accounts 1,828 0.20 1,570 0.20 Money market accounts 200,688 0.56 99,638 0.80 Certificate of deposit accounts 179,910 0.94 199,427 1.49 Total $ 447,166 0.61 % $ 354,845 1.03 %
Certificate of Deposit by Maturity [Table Text Block]	Years ending December 31: 2022 $ 67,574 2023 63,532 2024 33,274 2025 9,710 2026 5,820 Total $ 179,910

Note 11 - Borrowings (Tables)

Note 11 - Borrowings (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Short-term Debt [Table Text Block]	At or For the Year Ended December 31, 2021 2020 FHLB short-term borrowings: Average balance outstanding $ 10,405 $ 3,292 Maximum amount outstanding at any month-end during the period 26,000 20,000 Balance outstanding at end of period 26,000 10,000 Average interest rate during the period 0.30 % 1.12 % Weighted average interest rate at end of period 0.28 % 0.41 %
Federal Home Loan Bank Advances [Member]
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	December 31, 2021 December 31, 2020 Fixed rate borrowings maturing: Amount Weighted Interest Rate Amount Weighted Interest Rate 2021 $ -- -- % $ 5,000 2.20 % 2022 7,171 2.10 7,171 2.10 2023 7,000 2.16 7,000 2.16 2024 6,167 2.05 6,167 2.05 2025 2,855 1.25 2,855 1.25 Total FHLB long-term debt $ 23,193 2.00 % $ 28,193 2.03 %

Note 12 - Subordinated Debt (Ta

Note 12 - Subordinated Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Debt [Table Text Block]	Principal Unamortized Debt Issuance Costs Net 6.5 December 31, 2028 $ 8,000 $ 67 $ 7,933

Note 13 - Income Taxes (Tables)

Note 13 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2021 2020 Federal: Current $ 2,045 $ 1,442 Deferred (336 ) (566 ) Total federal 1,709 876 State, current 783 416 Total $ 2,492 $ 1,292
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2021 2020 Amount Rate Amount Rate Federal income tax at statutory rate $ 1,868 21.0 % $ 953 21.0 % State tax, net of federal benefit 618 7.0 328 7.2 Stock compensation expense 20 0.2 23 0.5 Other (14 ) (0.2 ) (12 ) (0.3 ) Total $ 2,492 28.0 % $ 1,292 28.4 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2021 2020 Deferred tax assets: Allowance for loan losses $ 1,105 $ 643 Deferred loan fees 554 642 Stock-based compensation 6 6 Interest on non-accrual loans -- 3 Total deferred tax assets 1,665 1,294 Deferred tax liabilities: Bank premises and equipment (199 ) (168 ) Unrealized gain on investment securities available for sale (6 ) (31 ) Intangible (21 ) (17 ) Total deferred tax liabilities (226 ) (216 ) Net Deferred Tax Asset $ 1,439 $ 1,078

Note 14 - Stock Compensation _2

Note 14 - Stock Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	2021 2020 Allocated shares 193,207 179,507 Unreleased shares -- 10,821 Total ESOP shares 193,207 190,328 Fair value of unreleased shares (in thousands) $ -- $ 160
Share-based Payment Arrangement, Activity [Table Text Block]	2021 2020 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Unvested at the beginning of the year 28,266 $ 13.30 38,887 $ 13.30 Granted -- -- -- -- Vested (9,421 ) 13.30 (9,421 ) 13.30 Forfeited -- -- (1,200 ) 13.30 Unvested at the end of the year 18,845 $ 13.30 28,266 $ 13.30
Share-based Payment Arrangement, Option, Activity [Table Text Block]	2021 2020 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Outstanding at the beginning of the year 240,636 $ 10.98 5.2 256,336 $ 10.87 6.0 Granted -- -- -- -- -- -- Exercised (7,500 ) 11.57 -- (12,500 ) 8.10 -- Forfeited -- -- -- (3,200 ) 13.30 -- Outstanding at the end of the period 233,136 $ 10.96 4.2 240,636 $ 10.98 5.2 Exercisable at the end of the period 180,081 $ 10.28 5.6 161,054 $ 9.84 5.4

Note 16 - Financial Instrumen_2

Note 16 - Financial Instruments With Off-balance Sheet Risk (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Financial Instrument Commitments [Table Text Block]	2021 2020 Commitments to originate loans $ 27,871 $ 17,631 Unfunded commitments under lines of credit 38,732 22,431 Standby letters of credit 4,804 1,621

Note 17 - Leases (Tables)

Note 17 - Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Lease, Cost [Table Text Block]	Operating Weighted average remaining term (years) 14.6 Weighted average discount rate 2.90 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Undiscounted cash flows due (In thousands): Operating 2022 $ 213 2023 219 2024 222 2025 219 2026 225 2027 and thereafter 1,847 Total undiscounted cash flows 2,945 Discount on cash flows (561 ) Total lease liabilities $ 2,384

Note 18 - Regulatory Matters (T

Note 18 - Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021: Total capital (to risk-weighted assets) $ 45,765 10.69 % $ ≥34,247 ≥8.00 % $ ≥42,809 ≥10.00 % Tier 1 capital (to risk-weighted assets) 40,438 9.45 ≥25,685 ≥6.00 ≥32,247 ≥ 8.00 Common Equity Tier 1 capital (to risk-weighted assets) 40,438 9.45 ≥19,264 ≥4.50 ≥27,826 ≥ 6.50 Tier 1 capital (to average assets) 40,438 7.41 ≥21,822 ≥4.00 ≥27,277 ≥ 5.00 Actual For Capital Adequacy To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020: Total capital (to risk-weighted assets) $ 37,084 14.52 % $ ≥ ≥ % $ ≥ ≥ % Tier 1 capital (to risk-weighted assets) 33,996 13.31 ≥ ≥ ≥ ≥ Common Equity Tier 1 capital (to risk-weighted assets) 33,996 13.31 ≥ ≥ ≥ ≥ Tier 1 capital (to average assets) 33,996 8.56 ≥ ≥ ≥ ≥

Note 19 - Fair Value Measurem_2

Note 19 - Fair Value Measurements and Fair Values of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	December 31, 2021 Fair Value Measurements Using: Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring fair value measurements: Investment securities available for sale Government National Mortgage Association mortgage-backed securities $ 3,882 $ -- $ 3,882 $ -- Federal National Mortgage Association mortgage-backed securities 151 -- 151 -- Total investment securities available for sale $ 4,033 $ -- $ 4,033 $ -- Total recurring fair value measurements $ 4,033 $ -- $ 4,033 $ -- Nonrecurring fair value measurements Impaired loans $ 140 $ -- $ -- $ 140 Total nonrecurring fair value measurements $ 140 $ -- $ -- $ 140 December 31, 2020 Fair Value Measurements Using: Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring fair value measurements: Investment securities available for sale Government National Mortgage Association mortgage-backed securities $ 4,913 $ -- $ 4,913 $ -- Federal National Mortgage Association mortgage-backed securities 189 -- 189 -- Corporate notes 5,623 -- 5,623 -- Total investment securities available for sale $ 10,725 $ -- $ 10,725 $ -- Total recurring fair value measurements $ 10,725 $ -- $ 10,725 $ -- Nonrecurring fair value measurements Impaired loans $ 321 $ -- $ -- $ 321 Other Real Estate Owned 286 -- -- 286 Total nonrecurring fair value measurements $ 607 $ -- $ -- $ 607
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	December 31, 2021 Quantitative Information About Level 3 Fair Value Measurements Total Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 140 Appraisal of collateral (1) Appraisal adjustments (2) 8% (8%) December 31, 2020 Quantitative Information About Level 3 Fair Value Measurements Total Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 321 Appraisal of collateral (1) Appraisal adjustments (2) 8% (8%) Other real estate owned $ 286 Appraisal of collateral (1) Appraisal adjustments (2) 0% 12% (12%)
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at December 31, 2021 Carrying Amount Fair Value Estimate Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Financial Assets Investment in interest-earning time deposits $ 7,924 $ 8,091 $ -- $ -- $ 8,091 Loans held for sale 107,823 112,843 -- 112,843 -- Loans receivable, net 403,966 409,203 -- -- 409,203 Financial Liabilities Deposits 447,166 446,576 267,255 -- 179,321 FHLB long-term borrowings 23,193 23,231 -- -- 23,231 FRB long-term borrowings 3,895 3,895 - - 3,895 Subordinated debt 7,933 8,312 - - 8,312 Fair Value Measurements at December 31, 2020 Carrying Amount Fair Value Estimate Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Financial Assets Investment in interest-earning time deposits $ 9,463 $ 10,536 $ -- $ -- $ 10,536 Loans held for sale 53,191 62,396 -- 62,396 -- Loans receivable, net 359,122 363,527 -- -- 363,527 Financial Liabilities Deposits 354,845 358,112 155,417 -- 202,695 FHLB long-term borrowings 28,193 28,284 -- -- 28,284 FRB long-term borrowings 48,134 48,126 - - 48,126 Subordinated debt 7,899 8,283 - - 8,283

Note 20 - Operating Segments (T

Note 20 - Operating Segments (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	As of or for the Year Ended December 31, 2021 2020 Quaint Oak Bank(1) Quaint Oak Mortgage Consolidated Quaint Oak Bank(1) Quaint Oak Mortgage Consolidated Net Interest Income $ 20,746 $ (126 ) $ 20,620 $ 11,190 $ (355 ) $ 10,835 Provision for Loan Losses 2,201 -- 2,201 830 -- 830 Net Interest Income after Provision for Loan Losses 18,545 (126 ) 18,419 10,360 (355 ) 10,005 Non-Interest Income Mortgage banking and title abstract fees 1,937 562 2,499 923 656 1,579 Real estate sales commissions, net 170 -- 170 159 -- 159 Insurance commissions 509 -- 509 490 -- 490 Other fees and services charges 255 -- 255 109 -- 109 Loan servicing income 149 -- 149 -- -- -- Income from bank-owned life insurance 83 -- 83 80 -- 80 Net gain on loans held for sale 3,804 3,077 6,881 -- 4,320 4,320 Gain on the sale of SBA loans 1,147 -- 1,147 115 -- 115 Loss on sale of investment securities available for sale 362 -- 362 -- -- -- Loss on sales and write-downs of other real estate owned (73 ) -- (73 ) (197 ) -- (197 ) Total Non-Interest Income 8,343 3,639 11,982 1,679 4,976 6,655 Non-Interest Expense Salaries and employee benefits 13,492 2,046 15,538 6,980 1,447 8,427 Directors’ fees and expenses 252 -- 252 232 -- 232 Occupancy and equipment 1,322 299 1,621 631 282 913 Data processing 605 296 901 470 247 717 Professional fees 586 73 659 501 40 541 FDIC deposit insurance assessment 331 -- 331 121 -- 121 Other real estate owned expenses -- -- -- 42 -- 42 Advertising 289 62 351 92 21 113 Amortization of other intangible 49 -- 49 49 -- 49 Other 1,289 96 1,385 909 59 968 Total Non-Interest Expense 18,215 2,872 21,087 10,027 2,096 12,123 Pretax Segment Profit $ 8,673 $ 641 $ 9,314 $ 2,012 $ 2,525 $ 4,537 Segment Assets $ 524,943 $ 29,172 $ 554,115 $ 422,230 $ 61,845 $ 484,075

Note 21 - Acquisition of Oakm_2

Note 21 - Acquisition of Oakmont Capital Holdings, LLC (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Controlling interest: Quaint Oak Bancorp, Inc. investment – 51.00 $ 2,284 Purchase price assigned to controlling interest 2,284 Noncontrolling interest: JPL Capital, LLC investment – 24.50 $ 850 Preferred Business Leasing, Inc. investment – 12.25 426 Lecy Consulting, LLC investment – 12.25 426 Purchase price assigned to noncontrolling interest $ 1,702 Total purchase price consideration $ 3,986
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Net assets acquired: Assets Cash and cash equivalents $ 1,259 Leases, net of unearned income 9,611 Premises and equipment 37 Prepaid expenses 24 Other assets 1,087 Total Assets $ 12,018 Liabilities Borrowings $ 12,515 Accrued interest payable 74 Total Liabilities $ 12,589 Total net assets of Oakmont Capital Holdings, LLC $ (571 ) Capital contribution by Quaint Oak Bancorp, Inc. $ 2,284 Total tangible equity $ 1,713 Estimated adjustments to reflect assets acquired at fair value: Loans fair value adjustment $ (216 ) Net assets acquired 1,928 Goodwill 2,058

Note 22 - Quaint Oak Bancorp,_2

Note 22 - Quaint Oak Bancorp, Inc. (Parent Company Only) (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Condensed Balance Sheet [Table Text Block]	December 31, 2021 2020 Assets Cash and cash equivalents $ 676 $ 333 Investment in Quaint Oak Bank 40,556 34,766 Premises and equipment, net 1,474 1,513 Other assets 16 15 Total Assets $ 42,722 $ 36,627 Liabilities and Stockholders’ Equity Subordinated debt $ 7,933 $ 7,899 Stockholders’ equity 34,789 28,728 Total Liabilities and Stockholders’ Equity $ 42,722 $ 36,627
Condensed Income Statement [Table Text Block]	For the Year Ended December 31, 2021 2020 Income Dividends from subsidiary $ 1,000 $ 500 Interest income - 2 Rental income 314 339 Total Income 1,314 841 Expenses Occupancy and equipment expense 110 96 Interest on subordinated debt 520 520 Other expenses 156 158 Total Expenses 786 774 Net Income Before Income Taxes 528 67 Equity in Undistributed Net Income of Subsidiary 5,777 3,087 Income Tax Benefit 99 91 Net Income $ 6,404 $ 3,245 Comprehensive Income $ 6,309 $ 3,343
Condensed Cash Flow Statement [Table Text Block]	For the Year Ended December 31, 2021 2020 Operating Activities Net income $ 6,404 $ 3,245 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Undistributed net income in subsidiary (5,777 ) (3,087 ) Depreciation expense 54 53 Amortization of subordinated debt issuance costs 34 34 Stock-based compensation expense 324 346 Decrease in other assets - (52 ) Net cash provided by operating activities 1,039 539 Investing Activities Purchase of property and equipment (15 ) (7 ) Net cash used in investing activities (15 ) (7 ) Financing Activities Dividends paid (839 ) (717 ) Purchase of treasury stock (25 ) (349 ) Proceeds from the reissuance of treasury stock 96 97 Proceeds from the exercise of stock options 87 101 Net cash used in financing activities (681 ) (868 ) Net Increase (Decrease) in Cash and Cash Equivalents 343 (336 ) Cash and Cash Equivalents-Beginning of Year 333 669 Cash and Cash Equivalents-End of Year $ 676 $ 333

Note 1 - Nature of Operations (

Note 1 - Nature of Operations (Details Textual)	12 Months Ended
	Dec. 31, 2021
Number of Wholly-Owned Subsidiaries	6

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Details Textual)	Jan. 04, 2021USD ($)	Aug. 01, 2016USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Other than Temporary Impairment Losses, Investments, Total			$ 0	$ 0
Impairment of Federal Home Loan Bank Stock			0	$ 0
Threshold for Loans to be Evaluated Annually, Minimum			$ 750,000
Number of Properties, Other Real Estate			0	1
Mortgage Loans in Process of Foreclosure, Amount				$ 286,000
Amortization of Mortgage Servicing Rights (MSRs)			$ 33,000	17,000
Number of Share-Based Plans			3
Mortgage Servicing Rights [Member]
Servicing Asset, Total			$ 323,000	$ 136,000
Signature Insurance Services, LLC [Member]
Payments to Acquire Businesses, Gross		$ 1,000,000
Goodwill, Acquired During Period		515,000
Signature Insurance Services, LLC [Member] | Other Intangible Assets [Member]
Finite-lived Intangible Assets Acquired		$ 485,000
Finite-Lived Intangible Asset, Useful Life (Year)		10 years
Oakmont Capital Holdings, LLC [Member]
Goodwill, Acquired During Period	$ 2,100,000
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)			3 years
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)			39 years
Credit Concentration Risk [Member] | Loans Sold [Member]
Number of Investors			1
Percentage of Loans Sold From Mortgage Loans Held for Sale			37.00%
Percentage Gains on Loans Sold From Mortgage Loans Held for Sale			36.00%

Note 3 - Earnings Per Share - W

Note 3 - Earnings Per Share - Weighted Average Shares Used in Basic and Dilutive Earnings Per Share Computations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net Income	$ 6,404,000	$ 3,245,000
Weighted average shares outstanding – basic (in shares)	1,995,468	1,975,836
Effect of dilutive common stock equivalents (in shares)	97,639	36,563
Adjusted weighted average shares outstanding – diluted (in shares)	2,093,108	2,012,399
Basic earnings per share (in dollars per share)	$ 3.21	$ 1.64
Diluted earnings per share (in dollars per share)	$ 3.06	$ 1.61

Note 4 - Accumulated Other Co_3

Note 4 - Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Balance beginning of the year		$ 28,728
Total other comprehensive income		(95)	$ 98
Balance end of the year		34,789	28,728
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Balance beginning of the year	[1]	118	20
Other comprehensive income (loss) before reclassifications	[1]	191	98
Amount reclassified from accumulated other comprehensive income (loss)	[1]	(286)
Total other comprehensive income	[1]	(95)	98
Balance end of the year	[1]	$ 23	$ 118
[1]	All amounts are net of tax. Amounts in parentheses indicate debits.

Note 4 - Accumulated Other Co_4

Note 4 - Accumulated Other Comprehensive Income (Loss) - Reclassified Out of Accumulated other Comprehensive Loss (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Sale of securities available for sale		$ 362,000
Tax effect		(2,492,000)	$ (1,292,000)
Total reclassification for the period		6,404,000	$ 3,245,000
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Sale of securities available for sale	[1]	362,000
Tax effect	[1]	(76,000)
Total reclassification for the period	[1]	$ 286,000
[1]	Amounts in parentheses indicate debits.

Note 5 - Investment in Intere_3

Note 5 - Investment in Interest-earning Time Deposits - Investment in Interest-earnings Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Due in one year or less	$ 4,487	$ 4,006
Due after one year through five years	3,437	5,457
Total	$ 7,924	$ 9,463

Note 6 - Investment Securitie_3

Note 6 - Investment Securities Available for Sale (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Other than Temporary Impairment Losses, Investments, Total	$ 0	$ 0

Note 6 - Investment Securitie_4

Note 6 - Investment Securities Available for Sale - Amortized Cost and Fair Value of Investment Securities Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Amortized cost	$ 4,004	$ 10,576
Gross unrealized gains	29	150
Fair value	4,033	10,725
Gross unrealized losses		(1)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Amortized cost		5,070
Gross unrealized gains		33
Fair value		5,102
Gross unrealized losses		(1)
Corporate Debt Securities [Member]
Amortized cost		5,506
Gross unrealized gains		117
Fair value		5,623
Government National Mortgage Association (GNMA) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Amortized cost	3,860	4,887
Gross unrealized gains	22	27
Fair value	3,882	4,913
Gross unrealized losses		(1)
Federal National Mortgage Association (FNMA) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Amortized cost	144	183
Gross unrealized gains	7	6
Fair value	$ 151	$ 189

Note 6 - Investment Securitie_5

Note 6 - Investment Securities Available for Sale - Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Due after ten years, amortized cost	$ 4,004
Due after ten years, fair value	4,033
Total, amortized cost	4,004	$ 10,576
Total, fair value	$ 4,033	$ 10,725

Note 6 - Investment Securitie_6

Note 6 - Investment Securities Available for Sale - Gross Unrealized Losses and Fair Value (Details) - Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] - Government National Mortgage Association (GNMA) [Member] $ in Thousands	Dec. 31, 2020USD ($)
Number of securities	1
Fair value, less than twelve months	$ 681
Gross unrealized losses, less than twelve months	(1)
Fair value	681
Gross unrealized losses	$ (1)

Note 7 - Loans Receivable, Ne_3

Note 7 - Loans Receivable, Net and Allowance for Loan Losses (Details Textual)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Troubled Debt Restructuring, Number of Contracts	2	2
Financing Receivable, Troubled Debt Restructuring	$ 140,000	$ 150,000
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend	0
Loans and Leases Receivable, Gross, Total	411,866,000	365,242,000
Impaired Financing Receivable, Interest Income, Cash Basis Method, Total	0	0
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	1,000	1,000
Nonperforming Financial Instruments [Member]
Loans and Leases Receivable, Gross, Total	$ 9,000	$ 643,000

Note 7 - Loans Receivable, Ne_4

Note 7 - Loans Receivable, Net and Allowance for Loan Losses - Composition of Net Loans Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loans	$ 411,866	$ 365,242
Deferred loan fees and costs	(2,638)	(3,059)
Allowance for loan losses	(5,262)	(3,061)	$ (2,231)
Net Loans	403,966	359,122
Real Estate Portfolio Segment [Member]
Loans	282,246	210,838
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Loans	9,779	7,528
Allowance for loan losses	(73)	(88)	(52)
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Loans	38,752	38,884
Allowance for loan losses	(292)	(362)	(351)
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Loans [Member]
Loans	48,531	46,412
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member]
Loans	29,344	24,043
Allowance for loan losses	(249)	(229)	(145)
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Loans	183,822	131,820
Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	15,843	4,775
Allowance for loan losses	(119)	(62)	(250)
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member]
Loans	4,706	3,788
Allowance for loan losses	(29)	(20)	$ (19)
Commercial Portfolio Segment [Member]
Loans	129,608	154,387
Consumer Portfolio Segment [Member]
Loans	$ 12	$ 17

Note 7 - Loans Receivable, Ne_5

Note 7 - Loans Receivable, Net and Allowance for Loan Losses - Loan Portfolio by Credit Rating (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Loans	$ 411,866	$ 365,242
Pass [Member]
Loans	403,929	361,755
Special Mention [Member]
Loans	2,137	2,707
Substandard [Member]
Loans	5,800	780
Real Estate Portfolio Segment [Member]
Loans	282,246	210,838
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Loans	9,779	7,528
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Pass [Member]
Loans	9,365	6,942
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Special Mention [Member]
Loans	414	415
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Substandard [Member]
Loans		171
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Loans	38,752	38,884
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Pass [Member]
Loans	38,743	38,567
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Substandard [Member]
Loans	9	317
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member]
Loans	29,344	24,043
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Pass [Member]
Loans	27,621	24,043
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Special Mention [Member]
Loans	1,723
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Loans	183,822	131,820
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Pass [Member]
Loans	181,914	129,236
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Special Mention [Member]
Loans		2,292
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Substandard [Member]
Loans	1,908	292
Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	15,843	4,775
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member]
Loans	15,843	4,775
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member]
Loans	4,706	3,788
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Pass [Member]
Loans	4,706	3,788
Commercial Portfolio Segment [Member]
Loans	129,608	154,387
Commercial Portfolio Segment [Member] | Pass [Member]
Loans	125,725	154,387
Commercial Portfolio Segment [Member] | Substandard [Member]
Loans	3,883
Consumer Portfolio Segment [Member]
Loans	12	17
Consumer Portfolio Segment [Member] | Pass [Member]
Loans	$ 12	$ 17

Note 7 - Loans Receivable, Ne_6

Note 7 - Loans Receivable, Net and Allowance for Loan Losses - Impaired Loans by Loan Portfolio Class (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Average recorded investment	$ 224	$ 321
Recorded investment	140	321
Unpaid principal balance	140	328
Interest income recognized	12	5
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Average recorded investment, with no related allowance recorded	66	171
Recorded investment, with no related allowance recorded		171
Unpaid principal balance, with no related allowance recorded		178
Interest income recognized, with no related allowance recorded		1
Average recorded investment	66	171
Recorded investment		171
Unpaid principal balance		178
Interest income recognized		1
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Average recorded investment, with no related allowance recorded	9	19
Recorded investment, with no related allowance recorded	9	19
Unpaid principal balance, with no related allowance recorded	9	19
Interest income recognized, with no related allowance recorded		3
Average recorded investment	9	19
Recorded investment	9	19
Unpaid principal balance	9	19
Interest income recognized		3
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Average recorded investment, with no related allowance recorded	131	131
Recorded investment, with no related allowance recorded	131	131
Unpaid principal balance, with no related allowance recorded	131	131
Interest income recognized, with no related allowance recorded	12	1
Average recorded investment	131	131
Recorded investment	131	131
Unpaid principal balance	131	131
Interest income recognized	12	$ 1
Commercial Portfolio Segment [Member]
Average recorded investment, with no related allowance recorded	18
Average recorded investment	$ 18

Note 7 - Loans Receivable, Ne_7

Note 7 - Loans Receivable, Net and Allowance for Loan Losses - Troubled Debt Restructuring Loans (Details)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Troubled debt restructuring, number of contracts	2	2
Troubled debt restructuring, recorded investment	$ 140,000	$ 150,000
Nonaccruing Instrument [Member]
Troubled debt restructuring, recorded investment	9,000	19,000
Accruing Instrument [Member]
Troubled debt restructuring, recorded investment	$ 131,000	$ 131,000
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Troubled debt restructuring, number of contracts	1	1
Troubled debt restructuring, recorded investment	$ 9,000	$ 19,000
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Nonaccruing Instrument [Member]
Troubled debt restructuring, recorded investment	$ 9,000	$ 19,000
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Troubled debt restructuring, number of contracts	1	1
Troubled debt restructuring, recorded investment	$ 131,000	$ 131,000
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Accruing Instrument [Member]
Troubled debt restructuring, recorded investment	$ 131,000	$ 131,000

Note 7 - Loans Receivable, Ne_8

Note 7 - Loans Receivable, Net and Allowance for Loan Losses - Contractual Aging of the TDRs (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Troubled debt restructurings, non-accrual	$ 9,000	$ 19,000
Troubled debt restructuring, recorded investment	140,000	150,000
Financial Asset, 1 to 29 Days Past Due [Member]
Troubled debt restructurings, past due	131,000	131,000
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Troubled debt restructurings, non-accrual	9,000	19,000
Troubled debt restructuring, recorded investment	9,000	19,000
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Troubled debt restructuring, recorded investment	131,000	131,000
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Financial Asset, 1 to 29 Days Past Due [Member]
Troubled debt restructurings, past due	$ 131,000	$ 131,000

Note 7 - Loans Receivable, Ne_9

Note 7 - Loans Receivable, Net and Allowance for Loan Losses - Changes in the Allowance for Loan Losses and Recorded Investment in Loans Receivable (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Allowance for loan losses, beginning balance	$ 3,061	$ 2,231
Charge-offs	(17)
Recoveries	17
Provision	2,201	830
Allowance for loan losses, ending balance	5,262	3,061
Allowance for loan losses, collectively evaluated for impairment	5,262	3,061
Loans receivable, ending balance	411,866	365,242
Loans receivable, individually evaluated for impairment	140	321
Loans receivable, collectively evaluated for impairment	411,726	364,921
Real Estate Portfolio Segment [Member]
Loans receivable, ending balance	282,246	210,838
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Allowance for loan losses, beginning balance	88	52
Provision	(15)	36
Allowance for loan losses, ending balance	73	88
Allowance for loan losses, collectively evaluated for impairment	73	88
Loans receivable, ending balance	9,779	7,528
Loans receivable, individually evaluated for impairment		171
Loans receivable, collectively evaluated for impairment	9,779	7,357
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Allowance for loan losses, beginning balance	362	351
Provision	(70)	11
Allowance for loan losses, ending balance	292	362
Allowance for loan losses, collectively evaluated for impairment	292	362
Loans receivable, ending balance	38,752	38,884
Loans receivable, individually evaluated for impairment	9	19
Loans receivable, collectively evaluated for impairment	38,743	38,865
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member]
Allowance for loan losses, beginning balance	229	145
Provision	20	84
Allowance for loan losses, ending balance	249	229
Allowance for loan losses, collectively evaluated for impairment	249	229
Loans receivable, ending balance	29,344	24,043
Loans receivable, collectively evaluated for impairment	29,344	24,043
Real Estate Portfolio Segment [Member] | Commercial Real Estate and Lines of Credit [Member]
Allowance for loan losses, beginning balance	1,287	854
Provision	1,188	433
Allowance for loan losses, ending balance	2,475	1,287
Allowance for loan losses, collectively evaluated for impairment	2,475	1,287
Loans receivable, ending balance	183,822	131,820
Loans receivable, individually evaluated for impairment	131	131
Loans receivable, collectively evaluated for impairment	183,691	131,689
Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Allowance for loan losses, beginning balance	62	250
Provision	57	(188)
Allowance for loan losses, ending balance	119	62
Allowance for loan losses, collectively evaluated for impairment	119	62
Loans receivable, ending balance	15,843	4,775
Loans receivable, collectively evaluated for impairment	15,843	4,775
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member]
Allowance for loan losses, beginning balance	20	19
Provision	9	1
Allowance for loan losses, ending balance	29	20
Allowance for loan losses, collectively evaluated for impairment	29	20
Loans receivable, ending balance	4,706	3,788
Loans receivable, collectively evaluated for impairment	4,706	3,788
Commercial and Consumer Portfolio Segments [Member]
Allowance for loan losses, beginning balance	763	500
Charge-offs	(17)
Recoveries	17
Provision	862	263
Allowance for loan losses, ending balance	1,625	763
Allowance for loan losses, collectively evaluated for impairment	1,625	763
Loans receivable, ending balance	129,620	154,404
Loans receivable, collectively evaluated for impairment	129,620	154,404
Unallocated Financing Receivables [Member]
Allowance for loan losses, beginning balance	250	60
Provision	150	190
Allowance for loan losses, ending balance	400	250
Allowance for loan losses, collectively evaluated for impairment	$ 400	$ 250

Note 7 - Loans Receivable, N_10

Note 7 - Loans Receivable, Net and Allowance for Loan Losses - Non-accrual Loans by Class of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Loans	$ 9	$ 190
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Loans		171
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Loans	$ 9	$ 19

Note 7 - Loans Receivable, N_11

Note 7 - Loans Receivable, Net and Allowance for Loan Losses - Loan Portfolio Summarized by Past Due Status (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Loans	$ 411,866	$ 365,242
Loans > 90 days and accruing		453
The 30 to 89 Days Delinquent [Member]
Loans	1,461	5,884
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	9	624
Financial Asset, Past Due [Member]
Loans	1,470	6,508
Financial Asset, Not Past Due [Member]
Loans	410,396	358,734
Real Estate Portfolio Segment [Member]
Loans	282,246	210,838
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Loans	9,779	7,528
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | The 30 to 89 Days Delinquent [Member]
Loans	809	822
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans		171
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Financial Asset, Past Due [Member]
Loans	809	993
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Financial Asset, Not Past Due [Member]
Loans	8,970	6,535
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Loans	38,752	38,884
Loans > 90 days and accruing		66
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | The 30 to 89 Days Delinquent [Member]
Loans	285	189
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	9	66
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Financial Asset, Past Due [Member]
Loans	294	255
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Financial Asset, Not Past Due [Member]
Loans	38,458	38,629
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member]
Loans	29,344	24,043
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | The 30 to 89 Days Delinquent [Member]
Loans		1,947
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Financial Asset, Past Due [Member]
Loans		1,947
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Financial Asset, Not Past Due [Member]
Loans	29,344	22,096
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Loans	183,822	131,820
Loans > 90 days and accruing		387
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | The 30 to 89 Days Delinquent [Member]
Loans		569
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans		387
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Financial Asset, Past Due [Member]
Loans		956
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Financial Asset, Not Past Due [Member]
Loans	183,822	130,864
Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	15,843	4,775
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | The 30 to 89 Days Delinquent [Member]
Loans		1,783
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Past Due [Member]
Loans		1,783
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Not Past Due [Member]
Loans	15,843	2,992
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member]
Loans	4,706	3,788
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Financial Asset, Not Past Due [Member]
Loans	4,706	3,788
Commercial Portfolio Segment [Member]
Loans	129,608	154,387
Commercial Portfolio Segment [Member] | The 30 to 89 Days Delinquent [Member]
Loans	367	574
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans	367	574
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans	129,241	153,813
Consumer Portfolio Segment [Member]
Loans	12	17
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans	$ 12	$ 17

Note 8 - Premises and Equipme_3

Note 8 - Premises and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Depreciation, Total	$ 313,000	$ 249,000

Note 8 - Premises and Equipme_4

Note 8 - Premises and Equipment - Components of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Premises and equipment	$ 4,861	$ 4,236
Accumulated depreciation	(2,208)	(1,895)
Premises and equipment, net	2,653	2,341
Land and Land Improvements [Member]
Premises and equipment	292	292
Building [Member]
Premises and equipment	1,568	1,553
Leasehold Improvements [Member]
Premises and equipment	584	564
Furniture and Fixtures [Member]
Premises and equipment	$ 2,417	$ 1,827

Note 9 - Goodwill and Other I_3

Note 9 - Goodwill and Other Intangible, Net (Details Textual) - USD ($)	Jan. 04, 2021	Aug. 01, 2016	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets, Net, Ending Balance			$ 222,000	$ 271,000
Amortization of Intangible Assets, Total			49,000	$ 49,000
Other Intangible Assets [Member]
Finite-Lived Intangible Assets, Net, Ending Balance			222,000
Finite-Lived Intangible Assets, Accumulated Amortization			$ 263,000
Oakmont Capital Holdings, LLC [Member]
Goodwill, Acquired During Period	$ 2,100,000
Signature Insurance Services, LLC [Member]
Goodwill, Acquired During Period		$ 515,000
Payments to Acquire Businesses, Gross		1,000,000
Signature Insurance Services, LLC [Member] | Other Intangible Assets [Member]
Finite-lived Intangible Assets Acquired		$ 485,000
Finite-Lived Intangible Asset, Useful Life (Year)		10 years

Note 9 - Goodwill and Other I_4

Note 9 - Goodwill and Other Intangible, Net - Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
2022	$ 49
2023	49
2024	49
2025	49
Thereafter	26
Total	$ 222	$ 271

Note 10 - Deposits (Details Tex

Note 10 - Deposits (Details Textual) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Time Deposits, at or Above FDIC Insurance Limit	$ 24.7	$ 29

Note 10 - Deposits - Summary of

Note 10 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Non-interest bearing checking accounts, amount	$ 64,731	$ 54,202
Money market accounts, amount	$ 200,688	$ 99,638
Money market accounts, weighted average interest rate	0.56%	0.80%
Certificate of deposit accounts	$ 179,910	$ 199,427
Certificate of deposit accounts, weighted average interest rate	0.94%	1.49%
Total	$ 447,166	$ 354,845
Total, weighted average interest rate	0.61%	1.03%
Passbook Accounts [Member]
Interest-bearing deposits, amount	$ 10	$ 8
Interest-bearing deposits, weighted average interest rate	0.15%	0.16%
Savings Accounts [Member]
Interest-bearing deposits, amount	$ 1,828	$ 1,570
Interest-bearing deposits, weighted average interest rate	0.20%	0.20%

Note 10 - Deposits - Certificat

Note 10 - Deposits - Certificate of Deposit by Maturity (Details) $ in Thousands	Dec. 31, 2021USD ($)
2022	$ 67,574
2023	63,532
2024	33,274
2025	9,710
2026	5,820
Total	$ 179,910

Note 11 - Borrowings (Details T

Note 11 - Borrowings (Details Textual) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Long-term Federal Reserve Bank Advances	$ 3,895,000	$ 48,134,000
Line of Credit [Member] | Federal Home Loan Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity	276,900,000
Long-term Line of Credit, Total	49,200,000	38,200,000
Line of Credit [Member] | Federal Reserve Bank of Philadelphia [Member]
Line of Credit Facility, Maximum Borrowing Capacity	899,000
Long-term Line of Credit, Total	0	$ 0
Line of Credit [Member] | Federal Reserve Bank of Philadelphia [Member] | Paycheck Protection Program Liquidity Facility (PPPLF) [Member]
Line of Credit Facility, Maximum Borrowing Capacity	42,600,000
Long-term Line of Credit, Total	$ 3,900,000

Note 11 - Borrowings - Federal

Note 11 - Borrowings - Federal Home Loan Bank Short-term Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Average balance outstanding	$ 10,405	$ 3,292
Maximum amount outstanding at any month-end during the period	26,000	20,000
Federal Home Loan Bank short-term borrowings	$ 26,000	$ 10,000
Average interest rate during the period	0.30%	1.12%
Weighted average interest rate at end of period	0.28%	0.41%

Note 11 - Borrowings - Federa_2

Note 11 - Borrowings - Federal Home Loan Bank Long-term Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
2021, amount	$ 7,171	$ 5,000
2021, weighted interest rate	2.10%	2.20%
2022, amount	$ 7,000	$ 7,171
2022, weighted interest rate	2.16%	2.10%
2023, amount	$ 6,167	$ 7,000
2023, weighted interest rate	2.05%	2.16%
2024, amount	$ 2,855	$ 6,167
2024, weighted interest rate	1.25%	2.05%
2025, amount		$ 2,855
2025, weighted interest rate		1.25%
Total FHLB long-term debt, amount	$ 23,193	$ 28,193
Total FHLB long-term debt, weighted interest rate	2.00%	2.03%

Note 12 - Subordinated Debt (De

Note 12 - Subordinated Debt (Details Textual) - Subordinated Debt [Member] - USD ($) $ in Millions	Dec. 31, 2021	Dec. 27, 2018
Debt Instrument, Face Amount		$ 8
Debt Instrument, Interest Rate, Stated Percentage	6.50%	6.50%

Note 12 - Subordinated Debt - S

Note 12 - Subordinated Debt - Schedule of Subordinated Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Net	$ 7,933	$ 7,899
Subordinated Debt [Member]
Principal	8,000
Unamortized Debt Issuance Costs	67
Net	$ 7,933

Note 12 - Subordinated Debt -_2

Note 12 - Subordinated Debt - Schedule of Subordinated Debt (Details) (Parentheticals) - Subordinated Debt [Member]	12 Months Ended
	Dec. 31, 2021	Dec. 27, 2018
Debt Instrument, Maturity Date	Dec. 31, 2028
Debt Instrument, Interest Rate	6.50%	6.50%

Note 13 - Income Taxes (Details

Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Assets, Net, Total	$ 1,439	$ 1,078
Deferred Tax Assets, Valuation Allowance, Total	$ 0	$ 0

Note 13 - Income Taxes - Compon

Note 13 - Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current	$ 2,045	$ 1,442
Deferred	(336)	(566)
Total federal	1,709	876
State, current	783	416
Total	$ 2,492	$ 1,292

Note 13 - Income Taxes - Effect

Note 13 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Federal income tax at statutory rate, amount	$ 1,868	$ 953
Federal income tax at statutory rate, percentage	21.00%	21.00%
State tax, net of federal benefit, amount	$ 618	$ 328
State tax, net of federal benefit, percentage	7.00%	7.20%
Stock compensation expense, amount	$ 20	$ 23
Stock compensation expense, percentage	0.20%	0.50%
Other, amount	$ (14)	$ (12)
Other, percentage	(0.20%)	(0.30%)
Total	$ 2,492	$ 1,292
Total, percentage	28.00%	28.40%

Note 13 - Income Taxes - Deferr

Note 13 - Income Taxes - Deferred Tax Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Allowance for loan losses	$ 1,105	$ 643
Deferred loan fees	554	642
Stock-based compensation	6	6
Interest on non-accrual loans		3
Total deferred tax assets	1,665	1,294
Bank premises and equipment	(199)	(168)
Unrealized gain on investment securities available for sale	(6)	(31)
Intangible	(21)	(17)
Total deferred tax liabilities	(226)	(216)
Net Deferred Tax Asset	$ 1,439	$ 1,078

Note 14 - Stock Compensation _3

Note 14 - Stock Compensation Plans (Details Textual) - USD ($)	1 Months Ended		3 Months Ended		12 Months Ended
	May 31, 2018	May 31, 2013	Dec. 31, 2021	Mar. 31, 2018	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2007	Dec. 31, 2019	May 31, 2008
Employee Stock Ownership Plan (ESOP), Compensation Expense					$ 265,000	$ 173,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 1.75
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate					2.11%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate					2.96%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year)					6 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate					12.42%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value			$ 2,000,000		$ 2,000,000	906,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value			1,500,000		1,500,000	791,000
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Expense, after Tax					44,000	44,000
Share-based Payment Arrangement, Expense, Tax Benefit					$ 2,000	2,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)					1 year 4 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)				10 years	10 years
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount			$ 61,000		$ 61,000
Share-based Payment Arrangement, Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)				5 years	5 years
The 2008 Recognition and Retention Plan [Member]
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares)		195,000
The 2013 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)		195,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)					5 years
The 2013 Stock Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)		48,750
Percentage of Shares May Be Granted As Restricted Stock Awards		25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)			1,200		1,200
The 2013 Stock Incentive Plan [Member] | Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)		146,250
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)			3,200		3,200
The 2018 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	155,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)					5 years
Share-based Payment Arrangement, Expense, after Tax					$ 124,000	129,000
Share-based Payment Arrangement, Expense, Tax Benefit					26,000	$ 27,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total			$ 168,000		$ 168,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)					1 year 4 months 24 days
The 2018 Stock Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	38,750
Percentage of Shares May Be Granted As Restricted Stock Awards	25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)			11,750		11,750
The 2018 Stock Incentive Plan [Member] | Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	116,250
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)			37,250		37,250
Stock Incentive Plans [Member] | Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)			18,845		18,845
The 2008 Stock Option Plan [Member] | Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)									277,726
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)			0		0
The Option Plan and Stock Incentive Plan [Member] | Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)			233,136		233,136	240,636		256,336
Employee Stock Ownership Plan [Member]
Percentage of Company Shares Purchased by ESOP							8.00%
Employee Stock Ownership Plan (ESOP), Shares Contributed to ESOP (in shares)			4,000				222,180
ESOP Loan Interest Rate							7.75%
Employee Stock Ownership Plan (ESOP), Loan Term (Year)							15 years
Employee Stock Ownership Plan (ESOP), Compensation Expense			$ 77,000

Note 14 - Stock Compensation _4

Note 14 - Stock Compensation Plans - Components of the ESOP Shares (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Allocated shares (in shares)	193,207	179,507
Unreleased shares (in shares)		10,821
Total ESOP shares (in shares)	193,207	190,328
Fair value of unreleased shares (in thousands)		$ 160

Note 14 - Stock Compensation _5

Note 14 - Stock Compensation Plans - Status of Shares Under the RRP and Stock Incentive Plan (Details) - The RRP and Stock Incentive Plan [Member] - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Unvested at the beginning of the year (in shares)	28,266	38,887
Unvested at the beginning of the year, weighted average grant date fair value (in dollars per share)	$ 13.30	$ 13.30
Vested, number of shares (in shares)	(9,421)	(9,421)
Vested, weighted average grant date fair value (in dollars per share)	$ 13.30	$ 13.30
Forfeited, number of shares (in shares)		(1,200)
Forfeited, weighted average grant date fair value (in dollars per share)		$ 13.30
Unvested at the end of the year (in shares)	18,845	28,266
Unvested at the end of the year, weighted average grant date fair value (in dollars per share)	$ 13.30	$ 13.30

Note 14 - Stock Compensation _6

Note 14 - Stock Compensation Plans - Summary of Option Activity (Details) - Share-based Payment Arrangement, Option [Member] - The Option Plan and Stock Incentive Plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Outstanding at the beginning of the year (in shares)	240,636	256,336
Outstanding at beginning of period, weighted average exercise price (in dollars per share)	$ 10.98	$ 10.87
Outstanding at beginning of period, weighted average remaining contractual life (Year)	4 years 2 months 12 days	5 years 2 months 12 days	6 years
Exercised, number of shares (in shares)	(7,500)	(12,500)
Exercised, weighted average exercise price (in dollars per share)	$ 11.57	$ 8.10
Forfeited, number of shares (in shares)		(3,200)
Forfeited, weighted average exercise price (in dollars per share)		$ 13.30
Outstanding at the end of the period (in shares)	233,136	240,636	256,336
Outstanding at end of period, weighted average exercise price (in dollars per share)	$ 10.96	$ 10.98	$ 10.87
Exercisable at the end of the period (in shares)	180,081	161,054
Exercisable at end of period, weighted average exercise price (in dollars per share)	$ 10.28	$ 9.84
Exercisable at end of period, weighted average remaining contractual life (Year)	5 years 7 months 6 days	5 years 4 months 24 days

Note 15 - Transactions With E_2

Note 15 - Transactions With Executive Officers and Directors (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable, Related Parties, Ending Balance	$ 0	$ 0

Note 16 - Financial Instrumen_3

Note 16 - Financial Instruments with Off-balance Sheet Risk - Financial Instrument Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Loan Origination Commitments [Member]
Contractual obligations	$ 27,871	$ 17,631
Unfunded Commitments Under Lines of Credit [Member]
Contractual obligations	38,732	22,431
Standby Letters of Credit [Member]
Contractual obligations	$ 4,804	$ 1,621

Note 17 - Leases (Details Textu

Note 17 - Leases (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating Lease, Cost	$ 249,000	$ 208,000
Operating Lease, Expense	$ 297,000	$ 255,000

Note 17 - Leases - Lease inform

Note 17 - Leases - Lease information (Details)	Dec. 31, 2021
Weighted average remaining term (Year)	14 years 7 months 6 days
Weighted average discount rate	2.90%

Note 17 - Leases - Undiscounted

Note 17 - Leases - Undiscounted Cash flows Due to Operating Leases (Details) $ in Thousands	Dec. 31, 2021USD ($)
2022	$ 213
2023	219
2024	222
2025	219
2026	225
2027 and thereafter	1,847
Total undiscounted cash flows	2,945
Discount on cash flows	(561)
Other Liabilities [Member]
Total lease liabilities	$ 2,384

Note 18 - Regulatory Matters (D

Note 18 - Regulatory Matters (Details Textual)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 27, 2018USD ($)	Jan. 01, 2015	Dec. 31, 2014
Common Equity Tier 1 Required For Capital Adequacy To Risk Weighted Assets	4.50%	4.50%		4.50%
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	0.0600	0.0600		0.060	0.040
Capital Conservation Buffer	2.50%
Risk Weighting for Certain Assets				150.00%	100.00%
Common Equity Tier 1 Capital			$ 6,500,000
Payments of Dividends, Total	$ 839,000	$ 717,000
Retained Earnings (Accumulated Deficit), Ending Balance	24,030,000	18,465,000
Quaint Oak Bank [Member]
Payments of Dividends, Total	1,000,000	$ 500,000
Retained Earnings (Accumulated Deficit), Ending Balance	$ 8,900,000
Subordinated Debt [Member]
Debt Instrument, Face Amount			$ 8,000,000

Note 18 - Regulatory Matters -

Note 18 - Regulatory Matters - Compliance With Regulatory Capital Requirements Under Banking Regulations (Details) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Jan. 01, 2015	Dec. 31, 2014
Total capital (to risk-weighted assets), actual, amount	$ 45,765	$ 37,084
Total capital (to risk-weighted assets), actual, ratio	0.1069	0.1452
Total capital (to risk-weighted assets), for capital adequacy, amount	$ 34,247	$ 20,438
Total capital (to risk-weighted assets), for capital adequacy, ratio	0.0800	0.0800
Total capital (to risk-weighted assets), to be well capitalized, amount	$ 42,809	$ 25,548
Total capital (to risk-weighted assets), to be well capitalized, ratio	0.1000	0.1000
Tier 1 capital (to risk-weighted assets), actual, amount	$ 40,438	$ 33,996
Tier 1 capital (to risk-weighted assets), actual, ratio	0.0945	0.1331
Tier 1 capital (to risk-weighted assets), for capital adequacy, amount	$ 25,685	$ 15,329
Tier 1 capital (to risk-weighted assets), for capital adequacy, ratio	0.0600	0.0600	0.060	0.040
Tier 1 capital (to risk-weighted assets), to be well capitalized, amount	$ 32,247	$ 20,438
Tier 1 capital (to risk-weighted assets), to be well capitalized, ratio	0.0800	0.0800
Common Equity Tier 1 capital (to risk-weighted assets), actual, amount	$ 40,438	$ 33,996
Common Equity Tier 1 capital (to risk-weighted assets), actual, ratio	0.0945	0.1331
Common Equity Tier 1 capital (to risk-weighted assets), for capital adequacy, amount	$ 19,264	$ 11,496
Common Equity Tier 1 capital (to risk-weighted assets), for capital adequacy, ratio	4.50%	4.50%	4.50%
Common Equity Tier 1 capital (to risk-weighted assets), to be well capitalized, amount	$ 27,826	$ 16,606
Common Equity Tier 1 capital (to risk-weighted assets), to be well capitalized, ratio	6.50%	6.50%
Tier 1 capital (to average assets), actual, amount	$ 40,438	$ 33,996
Tier 1 capital (to average assets), actual, ratio	0.0741	0.0856
Tier 1 capital (to average assets), for capital adequacy, amount	$ 21,822	$ 15,889
Tier 1 capital (to average assets), for capital adequacy, ratio	0.0400	0.0400
Tier 1 capital (to average assets), to be well capitalized, amount	$ 27,277	$ 19,861
Tier 1 capital (to average assets), to be well capitalized, ratio	0.0500	0.0500

Note 19 - Fair Value Measurem_3

Note 19 - Fair Value Measurements and Fair Values of Financial Instruments - Financial Assets and Liabilities on a Recurring and Nonrecurring (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investment securities available for sale	$ 4,033	$ 10,725
Fair Value, Recurring [Member]
Investment securities available for sale	4,033	10,725
Total fair value measurements	4,033	10,725
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	4,033	10,725
Total fair value measurements	4,033	10,725
Fair Value, Nonrecurring [Member]
Total fair value measurements	140	607
Impaired loans	140	321
Other Real Estate Owned		286
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Total fair value measurements	140	607
Impaired loans	140	321
Other Real Estate Owned		286
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Investment securities available for sale		5,102
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) [Member]
Investment securities available for sale	3,882	4,913
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) [Member] | Fair Value, Recurring [Member]
Investment securities available for sale	3,882	4,913
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	3,882	4,913
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) [Member]
Investment securities available for sale	151	189
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) [Member] | Fair Value, Recurring [Member]
Investment securities available for sale	151	189
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	$ 151	189
Corporate Debt Securities [Member]
Investment securities available for sale		5,623
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Investment securities available for sale		5,623
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale		$ 5,623

Note 19 - Fair Value Measurem_4

Note 19 - Fair Value Measurements and Fair Values of Financial Instruments - Additional Quantitative Information About Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Appraisal of Collateral [Member] - Fair Value, Inputs, Level 3 [Member] - Meaurement Input, Appraisal Adjustments Rate [Member] $ in Thousands		Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Impaired loans, fair value		$ 140	$ 321
Other real estate owned, fair value			$ 286
Impaired Loans [Member]
Unobservable input, range	[1],[2]	(0.08)	0.08
Minimum [Member] | Impaired Loans [Member]
Unobservable input, range	[1],[2]	0.08
Minimum [Member] | Other Real Estate Owned [Member]
Unobservable input, range	[1],[2]		0
Weighted Average [Member] | Impaired Loans [Member]
Unobservable input, range	[1],[2]		0.08
Weighted Average [Member] | Other Real Estate Owned [Member]
Unobservable input, range	[1],[2]		0.12
Maximum [Member] | Other Real Estate Owned [Member]
Unobservable input, range	[1],[2]		0.12
[1]	Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percentage of the appraisal.
[2]	Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are identifiable.

Note 19 - Fair Value Measurem_5

Note 19 - Fair Value Measurements and Fair Values of Financial Instruments - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investment in interest-earning time deposits		$ 10,536
FRB long-term borrowings		48,126
Reported Value Measurement [Member]
Investment in interest-earning time deposits	$ 7,924	9,463
Loans held for sale	107,823	53,191
Loans receivable, net	403,966	359,122
Deposits	447,166	354,845
FHLB long-term borrowings	23,193	28,193
FRB long-term borrowings	3,895	48,134
Subordinated debt	7,933	7,899
Estimate of Fair Value Measurement [Member]
Investment in interest-earning time deposits	8,091
Loans held for sale	112,843	62,396
Loans receivable, net	409,203	363,527
Deposits	446,576	358,112
FHLB long-term borrowings	23,231	28,284
FRB long-term borrowings	3,895
Subordinated debt	8,312	8,283
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Investment in interest-earning time deposits	8,091	10,536
Loans receivable, net	409,203	363,527
Deposits	179,321	202,695
FHLB long-term borrowings	23,231	28,284
FRB long-term borrowings	3,895	48,126
Subordinated debt	8,312	8,283
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Loans held for sale	112,843	62,396
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Deposits	$ 267,255	$ 155,417

Note 20 - Operating Segments (D

Note 20 - Operating Segments (Details Textual)	12 Months Ended
	Dec. 31, 2021
Number of Reportable Segments	2

Note 20 - Operating Segments -

Note 20 - Operating Segments - Summary of Financial Information for the Reportable Segments (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Net Interest Income		$ 20,620,000	$ 10,835,000
Provision for Loan Losses		2,201,000	830,000
Net Interest Income after Provision for Loan Losses		18,419,000	10,005,000
Insurance commissions		509,000	490,000
Income from bank-owned life insurance		83,000	80,000
Net gain on loans held for sale		6,881,000	4,319,000
Gain on the sale of SBA loans		1,147,000	115,000
Sale of securities available for sale		362,000
Loss on sales and write-downs of other real estate owned		(73,000)	(197,000)
Total Non-Interest Income		11,982,000	6,655,000
Salaries and employee benefits		15,538,000	8,427,000
Directors’ fees and expenses		252,000	232,000
Occupancy and equipment		1,621,000	913,000
Data processing		901,000	717,000
Professional fees		659,000	541,000
FDIC deposit insurance assessment		331,000	121,000
Other real estate owned expenses			42,000
Advertising		351,000	113,000
Amortization of Intangible Assets, Total		49,000	49,000
Other		1,385,000	968,000
Total Non-Interest Expense		21,087,000	12,123,000
Pretax Segment Profit		9,314,000	4,537,000
Segment Assets		554,115,000	484,075,000
Mortgage Banking and Abstract Fees [Member]
Non-interest revenue		2,499,000	1,579,000
Real Estate Sales Commissions [Member]
Non-interest revenue		170,000	159,000
Other Fees and Services Fees [Member]
Non-interest revenue		255,000	109,000
Loan Servicing Fee [Member]
Non-interest revenue		149,000
Quaint Oak Bank [Member]
Net Interest Income	[1]	20,746,000	11,190,000
Provision for Loan Losses	[1]	2,201,000	830,000
Net Interest Income after Provision for Loan Losses	[1]	18,545,000	10,360,000
Insurance commissions	[1]	509,000	490,000
Income from bank-owned life insurance	[1]	83,000	80,000
Net gain on loans held for sale	[1]	3,804,000
Gain on the sale of SBA loans	[1]	1,147,000	115,000
Sale of securities available for sale	[1]	362,000
Loss on sales and write-downs of other real estate owned		(73,000)	(197,000)
Total Non-Interest Income	[1]	8,343,000	1,679,000
Salaries and employee benefits	[1]	13,492,000	6,980,000
Directors’ fees and expenses	[1]	252,000	232,000
Occupancy and equipment	[1]	1,322,000	631,000
Data processing	[1]	605,000	470,000
Professional fees	[1]	586,000	501,000
FDIC deposit insurance assessment	[1]	331,000	121,000
Other real estate owned expenses	[1]		42,000
Advertising	[1]	289,000	92,000
Amortization of Intangible Assets, Total	[1]	49,000	49,000
Other	[1]	1,289,000	909,000
Total Non-Interest Expense	[1]	18,215,000	10,027,000
Pretax Segment Profit	[1]	8,673,000	2,012,000
Segment Assets	[1]	524,943,000	422,230,000
Quaint Oak Bank [Member] | Mortgage Banking and Abstract Fees [Member]
Non-interest revenue		1,937,000	923,000
Quaint Oak Bank [Member] | Real Estate Sales Commissions [Member]
Non-interest revenue	[1]	170,000	159,000
Quaint Oak Bank [Member] | Other Fees and Services Fees [Member]
Non-interest revenue	[1]	255,000	109,000
Quaint Oak Bank [Member] | Loan Servicing Fee [Member]
Non-interest revenue	[1]	149,000
Quaint Oak Bank, Mortgage [Member]
Net Interest Income		(126,000)	(355,000)
Net Interest Income after Provision for Loan Losses		(126,000)	(355,000)
Net gain on loans held for sale		3,077,000	4,320,000
Total Non-Interest Income		3,639,000	4,976,000
Salaries and employee benefits		2,046,000	1,447,000
Occupancy and equipment		299,000	282,000
Data processing		296,000	247,000
Professional fees		73,000	40,000
Advertising		62,000	21,000
Other		96,000	59,000
Total Non-Interest Expense		2,872,000	2,096,000
Pretax Segment Profit		641,000	2,525,000
Segment Assets		29,172,000	61,845,000
Quaint Oak Bank, Mortgage [Member] | Mortgage Banking and Abstract Fees [Member]
Non-interest revenue		$ 562,000	$ 656,000
[1]	Includes Quaint Oak Bancorp, Inc. and the Bank’s subsidiaries, Quaint Oak Real Estate, Quaint Oak Abstract, Quaint Oak Insurance Agency, QOB Properties, and Oakmont Capital Holdings, LLC.

Note 21 - Acquisition of Oakm_3

Note 21 - Acquisition of Oakmont Capital Holdings, LLC (Details Textual) - Oakmont Capital Holdings, LLC [Member] $ in Thousands	Jan. 04, 2021USD ($)
Business Combination, Consideration Transferred, Total	$ 3,986
Quaint Oak Bank [Member]
Business Combination, Consideration Transferred, Total	$ 2,284
Business Acquisition, Percentage of Voting Interests Acquired	51.00%

Note 21 - Acquisition of Oakm_4

Note 21 - Acquisition of Oakmont Capital Holdings, LLC - Summary of the Purchase of Oakmont Capital Holding, LLC (Details) - Oakmont Capital Holdings, LLC [Member] $ in Thousands	Jan. 04, 2021USD ($)
Purchase price consideration	$ 3,986
Quaint Oak Bank [Member]
Purchase price consideration	2,284
Parent [Member] | Quaint Oak Bank [Member]
Business Combination, controlling interest, Fair value	2,284
Purchase price consideration	2,284
Noncontrolling Interest [Member]
Purchase price consideration	1,702
Noncontrolling Interest [Member] | JPL Capital, LLC [Member]
Business Combination, noncontrolling interest, Fair value	850
Noncontrolling Interest [Member] | Preferred Business Leasing, Inc. [Member]
Business Combination, noncontrolling interest, Fair value	426
Noncontrolling Interest [Member] | Lecy Consulting, LLC [Member]
Business Combination, noncontrolling interest, Fair value	$ 426

Note 21 - Acquisition of Oakm_5

Note 21 - Acquisition of Oakmont Capital Holdings, LLC - Summary of the Purchase of Oakmont Capital Holding, LLC (Details) (Parentheticals) - Oakmont Capital Holdings, LLC [Member]	Jan. 04, 2021
Parent [Member] | Quaint Oak Bank [Member]
Units Owned	51
Noncontrolling Interest [Member] | JPL Capital, LLC [Member]
Units Owned	24.50
Noncontrolling Interest [Member] | Preferred Business Leasing, Inc. [Member]
Units Owned	12.25
Noncontrolling Interest [Member] | Lecy Consulting, LLC [Member]
Units Owned	12.25

Note 21 - Acquisition of Oakm_6

Note 21 - Acquisition of Oakmont Capital Holdings, LLC - Assets Acquired and Liabilities Assumed (Details) - Oakmont Capital Holdings, LLC [Member] $ in Thousands	Jan. 04, 2021USD ($)
Purchase price consideration	$ 3,986
Quaint Oak Bank [Member]
Cash and cash equivalents	1,259
Leases, net of unearned income	9,611
Premises and equipment	37
Prepaid expenses	24
Other assets	1,087
Total Assets	12,018
Borrowings	12,515
Accrued interest payable	74
Total Liabilities	12,589
Total net assets of Oakmont Capital Holdings, LLC	(571)
Purchase price consideration	2,284
Total tangible equity	1,713
Loans fair value adjustment	(216)
Net assets acquired	1,928
Goodwill	$ 2,058

Note 22 - Quaint Oak Bancorp,_3

Note 22 - Quaint Oak Bancorp, Inc. (Parent Company Only) - Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents	$ 10,705	$ 33,913
Premises and equipment, net	2,653	2,341
Other assets	4,762	5,475
Total Assets	554,115	484,075
Subordinated debt	7,933	7,899
Stockholders’ equity	34,789	28,728
Total Liabilities and Stockholders’ Equity	554,115	484,075
Parent Company [Member]
Cash and cash equivalents	676	333
Investment in Quaint Oak Bank	40,556	34,766
Premises and equipment, net	1,474	1,513
Other assets	16	15
Total Assets	42,722	36,627
Subordinated debt	7,933	7,899
Stockholders’ equity	34,789	28,728
Total Liabilities and Stockholders’ Equity	$ 42,722	$ 36,627

Note 22 - Quaint Oak Bancorp,_4

Note 22 - Quaint Oak Bancorp, Inc. (Parent Company Only) - Statements of Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Occupancy and equipment	$ 1,621,000	$ 913,000
Interest on subordinated debt	520,000	520,000
Other	1,385,000	968,000
Total Expenses	21,087,000	12,123,000
Tax effect	(2,492,000)	(1,292,000)
Net Income	6,404,000	3,245,000
Comprehensive Income	6,309,000	3,343,000
Parent Company [Member]
Dividends from subsidiary	1,000,000	500,000
Interest income		2,000
Rental income	314,000	339,000
Total Income	1,314,000	841,000
Occupancy and equipment	110,000	96,000
Interest on subordinated debt	520,000	520,000
Other	156,000	158,000
Total Expenses	786,000	774,000
Net Income Before Income Taxes	528,000	67,000
Equity in Undistributed Net Income of Subsidiary	5,777,000	3,087,000
Tax effect	99,000	91,000
Net Income	6,404,000	3,245,000
Comprehensive Income	$ 6,309,000	$ 3,343,000

Note 22 - Quaint Oak Bancorp,_5

Note 22 - Quaint Oak Bancorp, Inc. (Parent Company Only) - Statements of Cash Flows (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net Income	$ 6,404,000	$ 3,245,000
Depreciation expense	313,000	249,000
Amortization of subordinated debt issuance costs	34,000	34,000
Stock-based compensation expense	433,000	346,000
Net cash provided by operating activities	(37,392,000)	(43,761,000)
Investing Activities
Net cash used in investing activities	(33,698,000)	(113,162,000)
Dividends paid	(839,000)	(717,000)
Purchase of treasury stock	(25,000)	(349,000)
Proceeds from the reissuance of treasury stock	96,000	97,000
Proceeds from the exercise of stock options	87,000	101,000
Net cash used in financing activities	47,882,000	176,281,000
Net Increase (Decrease) in Cash and Cash Equivalents	(23,208,000)	19,358,000
Cash and Cash Equivalents – Beginning of Year	33,913,000	14,555,000
Cash and Cash Equivalents – End of Year	10,705,000	33,913,000
Parent Company [Member]
Net Income	6,404,000	3,245,000
Undistributed net income in subsidiary	(5,777,000)	(3,087,000)
Depreciation expense	54,000	53,000
Amortization of subordinated debt issuance costs	34,000	34,000
Stock-based compensation expense	324,000	346,000
Decrease in other assets		(52,000)
Net cash provided by operating activities	1,039,000	539,000
Investing Activities
Purchase of property and equipment	(15,000)	(7,000)
Net cash used in investing activities	(15,000)	(7,000)
Dividends paid	(839,000)	(717,000)
Purchase of treasury stock	(25,000)	(349,000)
Proceeds from the reissuance of treasury stock	96,000	97,000
Proceeds from the exercise of stock options	87,000	101,000
Net cash used in financing activities	(681,000)	(868,000)
Net Increase (Decrease) in Cash and Cash Equivalents	343,000	(336,000)
Cash and Cash Equivalents – Beginning of Year	333,000	669,000
Cash and Cash Equivalents – End of Year	$ 676,000	$ 333,000