QNB (QNBC) 10-Q 7 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 01, 2020
Cover [Abstract]
Entity Registrant Name	QNB CORP
Trading Symbol	QNBC
Title of 12(g) Security	Common Stock
Security Exchange Name	NONE
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		3,530,670
Amendment Flag	false
Entity Central Index Key	0000750558
Entity Filer Category	Accelerated Filer
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity File Number	0-17706
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	23-2318082
Entity Address, Address Line One	15 North Third Street
Entity Address, Address Line Two	P.O. Box 9005
Entity Address, City or Town	Quakertown
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	18951-9005
City Area Code	215
Local Phone Number	538-5600

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 12,071	$ 12,398
Interest-bearing deposits in banks	34,418	5,210
Total cash and cash equivalents	46,489	17,608
Investments:
Available-for-sale (amortized cost $321,188 and $349,385)	327,325	349,710
Equity securities (cost of $12,246 and $9,053)	9,417	9,164
Restricted investment in stocks	1,000	1,073
Loans held-for-sale	216	977
Loans receivable	821,283	820,616
Allowance for loan losses	(10,334)	(9,887)
Net loans	810,949	810,729
Bank-owned life insurance	11,559	11,490
Premises and equipment, net	16,417	15,608
Accrued interest receivable	3,023	2,828
Net deferred tax assets	1,007	1,441
Other assets	4,608	4,395
Total assets	1,232,010	1,225,023
Deposits
Demand, non-interest bearing	146,143	146,270
Interest-bearing demand	339,049	332,918
Money market	81,564	75,634
Savings	261,690	247,462
Time	115,936	120,917
Time of $100 or more	99,139	114,659
Total deposits	1,043,521	1,037,860
Short-term borrowings	43,265	55,931
Long-term debt	10,000
Accrued interest payable	507	909
Other liabilities	10,104	9,606
Total liabilities	1,107,397	1,104,306
Shareholders' Equity
Common stock, par value $0.625 per share; authorized 10,000,000 shares; 3,672,125 shares and 3,648,649 shares issued; 3,507,556 and 3,484,080 shares outstanding	2,309	2,303
Surplus	21,537	21,261
Retained earnings	98,395	99,372
Accumulated other comprehensive gain, net of tax	4,848	257
Treasury stock, at cost; 164,569 shares	(2,476)	(2,476)
Total shareholders' equity	124,613	120,717
Total liabilities and shareholders' equity	$ 1,232,010	$ 1,225,023

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Available-for-sale, amortized cost	$ 321,188	$ 349,385
Equity securities, cost	$ 12,246	$ 9,053
Common stock, par value (in dollars per share)	$ 0.625	$ 0.625
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	3,695,239	3,684,336
Common stock, shares outstanding (in shares)	3,530,670	3,519,767
Treasury stock, shares (in shares)	164,569	164,569

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income
Interest and fees on loans	$ 9,376	$ 9,223
Interest and dividends on investment securities (Available-for-sale & Equity):
Taxable	1,565	1,614
Tax-exempt	350	426
Interest on interest-bearing balances and other interest income	40	26
Total interest income	11,331	11,289
Interest on deposits
Interest-bearing demand	580	693
Money market	147	285
Savings	368	408
Time	463	419
Time of $100,000 or more	501	458
Interest on short-term borrowings	92	190
Interest on long-term debt	17
Total interest expense	2,168	2,453
Net interest income	9,163	8,836
Provision for loan losses	500	225
Net interest income after provision for loan losses	8,663	8,611
Non-interest income
Net gain on sales of investments available-for-sale and equity securities		6
Unrealized (loss) gain on investment equity securities	(2,940)	976
Fees for services to customers	411	393
ATM and debit card	488	470
Retail brokerage and advisory	113	141
Bank-owned life insurance	68	68
Merchant	91	75
Net gain on sale of loans	81	21
Other	117	159
Total non-interest income	(1,571)	2,309
Non-interest expense
Salaries and employee benefits	4,072	3,781
Net occupancy	523	505
Furniture and equipment	675	557
Marketing	322	237
Third party services	454	440
Telephone, postage and supplies	195	199
State taxes	243	171
FDIC insurance premiums	137	130
Other	657	704
Total non-interest expense	7,278	6,724
Income before income taxes	(186)	4,196
Provision for income taxes	(406)	817
Net income	$ 220	$ 3,379
Earnings per share - basic	$ 0.06	$ 0.97
Earnings per share - diluted	0.06	0.97
Cash dividends per share	$ 0.34	$ 0.33

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income, Before tax amount	$ (186)	$ 4,196
Net unrealized holding gains (losses) on available-for-sale securities:
Unrealized holding gains arising during the period, Before tax amount	5,812	4,391
Reclassification adjustment for losses included in net income, Before tax amount		39
Other comprehensive income, Before tax amount	5,812	4,430
Unrealized holding gains arising during the period, Tax expense (benefit)	1,221	922
Reclassification adjustment for losses included in net income, Tax expense (benefit)		8
Other comprehensive income, Tax expense (benefit)	1,221	930
Unrealized holding gains arising during the period, Net of tax amount	4,591	3,469
Reclassification adjustment for losses included in net income, Net of tax amount		31
Other comprehensive income, Net of tax amount	4,591	3,500
Total comprehensive income, Before tax amount	5,626	8,626
Tax expense (benefit)	(406)	817
Total comprehensive income, Tax expense (benefit)	815	1,747
Net (loss) income	220	3,379
Total comprehensive income, Net of tax amount	$ 4,811	$ 6,879

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) (Unaudited)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Tax rate	21.00%	21.00%

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]
Balance at Dec. 31, 2018	$ 104,348	$ 2,280	$ 20,041	$ 91,635	$ (7,132)	$ (2,476)
Balance (in shares) at Dec. 31, 2018		3,484,080
Net income	3,379			3,379
Other comprehensive income (loss), net of tax	3,500				3,500
Cash dividends declared	(1,151)			(1,151)
Stock issued in connection with dividend reinvestment and stock purchase plan	235	$ 4	231
Stock issued in connection with dividend reinvestment and stock purchase plan (in shares)		6,646
Stock issued for options exercised	$ 22	$ 2	20
Stock issued for options exercised (in shares)	8,275	3,209
Stock-based compensation expense	$ 27		27
Balance at Mar. 31, 2019	110,360	$ 2,286	20,319	93,863	(3,632)	(2,476)
Balance (in shares) at Mar. 31, 2019		3,493,935
Balance at Dec. 31, 2019	$ 120,717	$ 2,303	21,261	99,372	257	(2,476)
Balance (in shares) at Dec. 31, 2019	3,519,767	3,519,767
Net income	$ 220			220
Other comprehensive income (loss), net of tax	4,591				4,591
Cash dividends declared	(1,197)			(1,197)
Stock issued in connection with dividend reinvestment and stock purchase plan	220	$ 4	216
Stock issued in connection with dividend reinvestment and stock purchase plan (in shares)		7,782
Stock issued for options exercised	$ 37	$ 2	35
Stock issued for options exercised (in shares)	9,550	3,121
Stock-based compensation expense	$ 25		25
Balance at Mar. 31, 2020	$ 124,613	$ 2,309	$ 21,537	$ 98,395	$ 4,848	$ (2,476)
Balance (in shares) at Mar. 31, 2020	3,530,670	3,530,670

Consolidated Statement of Sha_2

Consolidated Statement of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Retained Earnings [Member]
Cash dividends declared, per share (in dollars per share)	$ 0.34	$ 0.33

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Activities
Net income	$ 220,000	$ 3,379,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	498,000	385,000
Provision for loan losses	500,000	225,000
Net gain on sales of debt and equity securities		(6,000)
Net unrealized loss (gain) on equity securities	2,940,000	(976,000)
Net gain on sale of loans	(81,000)	(21,000)
Proceeds from sales of residential mortgages held-for-sale	2,498,000	675,000
Origination of residential mortgages held-for-sale	(1,656,000)	(654,000)
Increase in cash surrender value of bank-owned life insurance	(68,000)	(68,000)
Stock-based compensation expense	25,000	27,000
Deferred income tax (benefit) provision	(787,000)	511,000
Net increase in income taxes payable	380,000	279,000
Net increase in accrued interest receivable	(196,000)	(1,360,000)
Amortization of mortgage servicing rights and change in valuation allowance	21,000	11,000
Net amortization of premiums and discounts on investment securities	412,000	345,000
Net (decrease) increase in accrued interest payable	(402,000)	1,000
Operating lease payments	(161,000)	(133,000)
Decrease (increase) in other assets	668,000	(826,000)
Decrease in other liabilities	(2,714,000)	(490,000)
Net cash provided by operating activities	2,097,000	1,304,000
Investing Activities
Proceeds from payments, maturities and calls of investments available-for-sale	54,977,000	8,541,000
Proceeds from the sale of investments available-for-sale	5,975,000	11,192,000
Proceeds from the sale of equity securities	0	358,000
Purchases of investments available-for-sale	(32,167,000)	(17,898,000)
Purchases of equity securities	(3,193,000)	(398,000)
Proceeds from redemption of investment in restricted stock	1,495,000	2,063,000
Purchases of restricted stock	(1,422,000)	(2,504,000)
Net increase in loans	(720,000)	(19,124,000)
Net purchases of premises and equipment	(216,000)	(431,000)
Net cash provided (used) in investing activities	24,729,000	(18,201,000)
Financing Activities
Net (decrease) increase in non-interest bearing deposits	(127,000)	11,355,000
Net increase in interest-bearing deposits	5,788,000	7,661,000
Net decrease in short-term borrowings	(12,666,000)	(975,000)
Increase in long-term debt	10,000,000
Cash dividends paid, net of reinvestment	(1,054,000)	(1,015,000)
Proceeds from issuance of common stock	114,000	121,000
Net cash provided by financing activities	2,055,000	17,147,000
Increase (decrease) in cash and cash equivalents	28,881,000	250,000
Cash and cash equivalents at beginning of year	17,608,000	13,458,000
Cash and cash equivalents at end of period	46,489,000	13,708,000
Supplemental Cash Flow Disclosures
Interest paid	2,570,000	2,453,000
Net income taxes paid		28,000
Non-cash transactions:
Unsettled trades to purchase securities	(1,000,000)	(2,238,000)
Unsettled trades to sell securities		$ 4,303,000
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 1,086,000

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements include the accounts of QNB Corp. and its wholly-owned subsidiary, QNB Bank (the “Bank”). The consolidated entity is referred to herein as “QNB” or the “Company”. All significant intercompany accounts and transactions are eliminated in the consolidated financial statements. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in QNB's 2019 Annual Report incorporated in the Form 10-K. Operating results for the three-month period ended March 31, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. The unaudited consolidated financial statements reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the results of operations for the period and are of a normal and recurring nature. Tabular information, other than share and per share data, is presented in thousands of dollars. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from such estimates. QNB has evaluated events and transactions occurring subsequent to the balance sheet date of March 31, 2020 for items that should potentially be recognized or disclosed in these consolidated financial statements. Subsequent Events On March 11, 2020, the disease caused by the coronavirus was declared a pandemic by the World Health Organization (the “COVID-19 Pandemic”). QNB, its employees, customers and shareholders are being impacted by the COVID-19 Pandemic. QNB immediately activated portions of its business continuity program to prepare for possible alternate work arrangements and loss of staff due to illness. QNB has provided several solutions to maintain the health and safety of its employees, customers and shareholders. Nine branches are servicing customers primarily via drive-up window; customers may also make an appointment for in-branch service. Drive-ups are operating under normal or expanded hours. Night Drops remain available 24/7. Three of QNB’s twelve offices do not offer drive-up service. Our Quakertown Commons Office in the GIANT Food Store is temporarily closed. Our Allentown and Warminster Offices remain available for restricted access (one customer at a time) during normal business hours. Because banking was designated an essential service by Governor Wolf, access to safe deposit boxes or to conduct any other in-person transaction can be arranged by appointment only. All visitors to any QNB office will be required to wear face masks upon entering the building, in accordance with the state mandates. All QNB employees are required to wear face masks when working on company premises. Employees with remote access are strongly encouraged to work from home. QNB has not incurred any significant disruptions to its business continuity. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was signed into law. As permitted under Section 4013 of the CARES Act, QNB continues to provide customers experiencing financial hardship caused by the COVID-19 Pandemic, solutions to help them through this difficult period. Upon requests from customers, QNB has provided: payment deferment for mortgage and consumer loans with no late fee during the deferment period; has granted foreclosure and motor vehicle repossession reprieve; and will not adversely impact credit reporting for customers who were granted relief on mortgage or consumer loans. None of these modifications are considered troubled-debt restructuring as the customers were not experiencing financial difficulty prior to COVID-19 Pandemic. As of May 5, 2020, QNB has granted modifications to approximately 18% of the March 31, 2020 commercial portfolio and granted modifications to approximately 3% of the March 31, 2020 retail portfolio, related to the COVID-19 Pandemic. As provided under the CARES Act, the U.S. Small Business Administration (“SBA”) and Treasury have implemented the Paycheck Protection Program (“PPP”) which is designed to assist small businesses and their employees during this crisis. This program provides small businesses with payroll assistance in the form of a 100% guaranteed loan from SBA. Eligible borrowers can receive up to 2.5 times their monthly average payroll expenses for the prior year. Congress originally approved $349 billion for this program as part of the CARES Act. The first round of funding was quickly exhausted by April 16, 2020 and Congress worked to provide an additional $310 billion in funding which was approved on April 23, 2020. The SBA reopened its portal to begin accepting PPP loans for approval on Monday, April 27, 2020. As of May 5, 2020, under the first and second rounds of SBA funding, QNB closed 412 loans totaling $71,941,000. QNB continues to process new applications. Funds are primarily being transferred into the borrowers’ deposit accounts and disbursement on these PPP loan proceeds are being funded by cash held at the Federal Reserve and proceeds from calls and payments of investment securities. QNB has ample resources to cover future disbursements through short-term Federal Home Loan Bank (“FHLB”) advances and participation in the Federal Reserve’s Paycheck Protection Program Liquidity Facility (“PPPLF”), if necessary. The full impact of the COVID-19 Pandemic is unknown and rapidly evolving. Uncertainties exist related to the duration of the COVID-19 Pandemic and its potential effects on QNB’s customers and prospects, including impacts on national and local economies, unemployment, maintaining a competent workforce, and disruptions in the supply chain. There are no assurances as to how the COVID-19 Pandemic might affect QNB’s loan, investment and deposit portfolios.

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Recent Accounting Pronouncements	2. RECENT ACCOUNTING PRONOUNCEMENTS On June 16, 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326) To that end, the new guidance: • Eliminates the probable initial recognition threshold in current U.S. generally accepted accounting principles (“U.S. GAAP”) and, instead, reflects an organization’s current estimate of all expected credit losses over the contractual term of its financial assets • Broadens the information an entity can consider when measuring credit losses to include forward-looking information • Increases usefulness of the financial statements by requiring timely inclusion of forecasted information in forming expectations of credit losses • Increases comparability of purchased financial assets with credit deterioration (PCD assets) with other purchased assets that do not have credit deterioration as well as originated assets because credit losses that are expected will be recorded through an allowance for credit losses for all assets • Increases users’ understanding of underwriting standards and credit quality trends by requiring additional information about credit quality indicators by year of origination (vintage) • For available-for-sale debt securities, aligns the income statement recognition of credit losses with the reporting period in which changes occur by recording credit losses (and subsequent changes in credit losses) through an allowance rather than a write down The new guidance affects organizations that hold financial assets and net investments in leases that are not accounted for at fair value with changes in fair value reported in net income. The new guidance affects loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. On October 16, 2019, FASB adopted its August 15, 2019 proposal to delay the effective dates for certain smaller reporting companies for the implementation CECL. For public business entities that are U.S. Securities and Exchange Commission (SEC) filers, the new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, except for smaller reporting companies, whose effective date is effective for fiscal years, and interim periods with those fiscal years, beginning after December 15, 2022. QNB continues to evaluate the impact of this new standard on its consolidated financial statements and currently anticipates a material change to its allowance for loan losses upon the eventual implementation of CECL. On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement. This ASU changes the fair value measurement disclosure requirements of ASC 820. The amendments in this ASU are the result of a broader disclosure project called FASB Concepts Statement, Conceptual Framework for Financial Reporting — Chapter 8: Notes to Financial Statements, which the FASB finalized on August 28, 2018. The FASB used the guidance in the Concepts Statement to improve the effectiveness of ASC 820’s disclosure requirements. New disclosure requirements include: 1) Changes in unrealized gains or losses included in other comprehensive income (OCI) for recurring Level 3 fair value measurements held at the end of the reporting period; and 2) Explicit requirement to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. Disclosures eliminated include: 1) Amount of and reasons for transfers between Level 1 and Level 2; 2) Valuation processes for Level 3 fair value measurements; and 3) Policy for timing of transfers between levels of the fair value hierarchy. The ASU was effective for all entities for fiscal years beginning after December 15, 2019, including interim periods therein. The adoption of this ASU had no material impact on QNB.

Note 3 - Stock-based Compensati

Note 3 - Stock-based Compensation and Shareholders' Equity	3 Months Ended
	Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation and Shareholders Equity	3. STOCK-BASED COMPENSATION AND SHAREHOLDERS’ EQUITY QNB sponsors stock-based compensation plans, administered by a Board committee (the Committee), under which both qualified and non-qualified stock options may be granted periodically to certain employees. Compensation cost has been measured using the fair value of an award on the grant date and is recognized over the service period, which is usually the vesting period. Stock-based compensation expense was $25,000 and $27,000 for the three months ended March 31, 2020 and 2019, respectively. As of March 31, 2020, there was approximately $152,000 of unrecognized compensation cost related to unvested share-based compensation award grants that is expected to be recognized over the next 35 months. Options are granted to certain employees at prices equal to the market value of the stock on the date the options are granted. The 2005 Plan authorized the issuance of 200,000 shares. The time period during which any option is exercisable under the 2005 Plan is determined by the Committee but shall not commence before the expiration of nine months after the date of grant or continue beyond the expiration of five years after the date the option is awarded. The granted options vest after a three-year period. As of March 31, 2020, there were 184,200 options granted, 65,850 options forfeited, 118,350 options exercised, and no options outstanding under this Plan. The 2005 Plan expired on March 15, 2015. The 2015 Plan authorizes the issuance of 300,000 shares. The terms of the 2015 Plan are identical to the 2005 Plan. There were 123,200 options granted, 2,600 options forfeited, 1,800 options exercised and 118,800 options outstanding under the 2015 Plan as of March 31, 2020. The 2015 Plan expires on February 24, 2025. The fair value of each option is amortized into compensation expense on a straight-line basis between the grant date for the option and each vesting date. QNB estimated the fair value of stock options on the date of the grant using the Black-Scholes option pricing model. The model requires the use of assumptions. The following assumptions were used in the option pricing model in determining the fair value of options granted during the period: For the Three Months Ended March 31, 2020 2019 Risk free interest rate 1.52 % 2.52 % Dividend yield 3.60 % 3.36 % Volatility 13.46 % 16.44 % Expected life (years) 4.03 4.17 The risk-free interest rate was selected based upon yields of U.S. Treasury securities with a term approximating the expected life of the option being valued. Historical information was the basis for the selection of the expected dividend yield, expected volatility and expected lives of the options. The fair market value of options granted in the three months ended March 31, 2020 and 2019 was $2.42 and $3.96, respectively. Stock option activity during the three months ended March 31, 2020 and 2019 is as follows: Number of options Weighted average exercise price Weighted average remaining contractual term (in years) Aggregate intrinsic value Outstanding at December 31, 2019 103,350 $ 36.96 Granted 25,000 36.50 Exercised (9,550 ) 29.39 Forfeited — — Outstanding at March 31, 2020 118,800 $ 37.47 2.96 $ - Exercisable at March 31, 2020 44,600 $ 34.27 1.42 $ - Number of options Weighted average exercise price Weighted average remaining contractual term (in years) Aggregate intrinsic value Outstanding at December 31, 2018 95,075 $ 35.11 Granted 24,700 38.15 Exercised (8,275 ) 25.38 Forfeited — — Outstanding at March 31, 2019 111,500 $ 36.51 3.08 $ 270 Exercisable at March 31, 2019 37,350 $ 29.96 1.48 $ 270

Note 4 - Earnings Per Share & S

Note 4 - Earnings Per Share & Share Repurchase Plan	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share & Share Repurchase Plan	4. EARNINGS PER SHARE & SHARE REPURCHASE PLAN The following sets forth the computation of basic and diluted earnings per share: For the Three Months Ended March 31, 2020 2019 Numerator for basic and diluted earnings per share - net income $ 220 $ 3,379 Denominator for basic earnings per share - weighted average shares outstanding 3,522,667 3,486,786 Effect of dilutive securities - employee stock options 2,788 7,643 Denominator for diluted earnings per share - adjusted weighted average shares outstanding 3,525,455 3,494,429 Earnings per share - basic $ 0.06 $ 0.97 Earnings per share - diluted 0.06 0.97 There were 98,150 and 74,150 stock options that were anti-dilutive for the three-month periods ended March 31, 2020 and 2019, respectively. These stock options were not included in the above calculation. QNB’s current stock repurchase plan was approved by the Board of Directors on January 21, 2008 and subsequently increased on February 9, 2009 and has authorized the repurchase of up to 100,000 shares of its common stock in open market or privately negotiated transactions. The repurchase authorization has no termination date. There were no shares repurchased during the three months ended March 31, 2020 and 2019. As of March 31, 2020, 57,883 shares were repurchased under this authorization at an average price of $16.97 and a total cost of $982,000.

Note 5 - Comprehensive Income (

Note 5 - Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2020
Other Comprehensive Income Loss Tax [Abstract]
Comprehensive Income (Loss)	5. COMPREHENSIVE INCOME (LOSS) The following shows the components of accumulated other comprehensive income (loss) at March 31, 2020 and December 31, 2019: March 31, December 31, 2020 2019 Unrealized net holding gains (losses) on available-for-sale securities $ 6,137 $ 325 Unrealized gains (losses) on available-for-sale securities for which a portion of an other-than-temporary impairment loss has been recognized in earnings — — Accumulated other comprehensive income (loss) 6,137 325 Tax effect (1,289 ) (68 ) Accumulated other comprehensive gain (loss), net of tax $ 4,848 $ 257 The following tables present amounts reclassified out of accumulated other comprehensive income (loss) for the three months ended March 31, 2020 and 2019: For the Three Months Ended March 31, Amount reclassified from accumulated other comprehensive loss Details about accumulated other comprehensive income (loss) 2020 2019 Affected line item in statement of income Unrealized net holding gains (losses) on available-for-sale securities $ — $ (39 ) Unrealized net holding gains (losses) on investments available-for-sale Other-than-temporary impairment gains (losses) on investment securities — — Net other-than-temporary impairment losses on investment securities — (39 ) Tax effect — 8 Provision for income taxes Total reclassification out of accumulated other comprehensive income (loss), net of tax $ — $ (31 ) Net of tax

Note 6 - Investment Securities

Note 6 - Investment Securities	3 Months Ended
	Mar. 31, 2020
Investments Debt And Equity Securities [Abstract]
Investment Securities	6. INVESTMENT SECURITIES Available-For-Sale Securities The amortized cost and estimated fair values of investment securities available-for-sale at March 31, 2020 and December 31, 2019 were as follows: Gross Gross unrealized unrealized Fair holding holding Amortized March 31, 2020 value gains losses cost U.S. Treasury $ — $ — $ — $ — U.S. Government agency 31,074 83 (7 ) 30,998 State and municipal 62,838 935 (478 ) 62,381 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 140,644 3,257 — 137,387 Collateralized mortgage obligations (CMOs) 84,646 2,315 (1 ) 82,332 Pooled trust preferred 71 — (14 ) 85 Corporate debt 8,052 56 (9 ) 8,005 Total investment debt securities available-for-sale $ 327,325 $ 6,646 $ (509 ) $ 321,188 Gross Gross unrealized unrealized Fair holding holding Amortized December 31, 2019 value gains losses cost U.S. Government agency $ 69,298 $ 8 $ (213 ) $ 69,503 State and municipal 50,781 860 (19 ) 49,940 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 134,829 371 (504 ) 134,962 Collateralized mortgage obligations (CMOs) 86,610 260 (535 ) 86,885 Pooled trust preferred 79 — (6 ) 85 Corporate debt 8,113 103 — 8,010 Total investment debt securities available-for-sale $ 349,710 $ 1,602 $ (1,277 ) $ 349,385 The amortized cost and estimated fair value of securities available-for-sale by contractual maturity at March 31, 2020 are shown in the following table. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities are assigned to categories based on contractual maturity except for mortgage-backed securities and CMOs which are based on the estimated average life of these securities and municipal securities that have been pre-refunded. March 31, 2020 Fair value Amortized cost Due in one year or less $ 14,413 $ 14,202 Due after one year through five years 238,936 233,534 Due after five years through ten years 40,467 39,996 Due after ten years 33,509 33,456 Total investment debt securities available-for-sale $ 327,325 $ 321,188 Proceeds from sales of investment securities available-for-sale were approximately $5,975,000 and $11,192,000 for the three months ended March 31, 2020 and 2019, respectively. At March 31, 2020 and December 31, 2019, investment securities available-for-sale totaling approximately $190,462,000 and $205,016,000, respectively, were pledged as collateral for repurchase agreements and deposits of public funds. The following table presents information related to the Company’s gains and losses on the sales of securities available-for-sale, and losses recognized for the other-than-temporary impairment (“OTTI”) of these investments. Gains and losses on available-for-sale securities are computed on the specific identification method and included in non-interest income. Gross realized losses on debt securities are net of other-than-temporary impairment charges: For the Three Months Ended March 31, 2020 2019 Gross realized gains $ — $ 20 Gross realized losses — (59 ) Other-than-temporary impairment — — Total net gains (losses) on AFS securities $ — $ (39 ) The tax benefit applicable to the net realized (losses)/gains for the three-month periods ended March 31, 2020 and 2019 was $0 and $8,000, respectively. QNB recognizes OTTI for debt securities classified as available-for-sale in accordance with FASB ASC 320, Investments – Debt and Equity Securities, which requires that we assess whether we intend to sell or it is more likely than not that the Company will be required to sell a security before recovery of its amortized cost basis less any current-period credit losses. For debt securities that are considered other-than-temporarily impaired and that we do not intend to sell and will not be required to sell prior to recovery of our amortized cost basis, the amount of the impairment is separated into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings and is the difference between the security’s amortized cost basis and the present value of its expected future cash flows discounted at the security’s effective yield. The remaining difference between the security’s fair value and the present value of future expected cash flows is due to factors that are not credit related and, therefore, is not required to be recognized as a loss in the statement of income but is recognized in other comprehensive income. QNB believes that we will fully collect the carrying value of securities on which we have recorded a non-credit related impairment in other comprehensive income. No credit impairments were recognized on debt securities during the three months ended March 31, 2020 and 2019, respectively. The following table indicates the length of time individual debt securities have been in a continuous unrealized loss position at March 31, 2020 and December 31, 2019: Less than 12 months 12 months or longer Total No. of Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2020 securities value losses value losses value losses U.S. Treasury — $ — $ — $ — $ — $ — $ — U.S. Government agency 1 993 (7 ) — — 993 (7 ) State and municipal 30 16,138 (478 ) — — 16,138 (478 ) U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed — — — — — — — Collateralized mortgage obligations (CMOs) 1 — — 742 (1 ) 742 (1 ) Pooled trust preferred 1 — — 71 (14 ) 71 (14 ) Corporate debt 3 2,994 (9 ) — — 2,994 (9 ) Total 36 $ 20,125 $ (494 ) $ 813 $ (15 ) $ 20,938 $ (509 ) Less than 12 months 12 months or longer Total No. of Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2019 securities value losses value losses value losses U.S. Government agency 36 $ 28,857 $ (141 ) $ 20,427 $ (72 ) $ 49,284 $ (213 ) State and municipal 7 2,431 (14 ) 515 (5 ) 2,946 (19 ) U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 66 28,482 (50 ) 52,398 (454 ) 80,880 (504 ) Collateralized mortgage obligations (CMOs) 64 24,412 (82 ) 27,625 (453 ) 52,037 (535 ) Pooled trust preferred 1 — — 79 (6 ) 79 (6 ) Corporate debt — — — — — — — Total 174 $ 84,182 $ (287 ) $ 101,044 $ (990 ) $ 185,226 $ (1,277 ) Management evaluates debt securities, which are comprised of U.S Treasury securities, U.S. Government agencies, state and municipalities, mortgage-backed securities, CMOs and corporate debt securities, for other-than-temporary impairment and considers the current economic conditions, the length of time and the extent to which the fair value has been less than cost, interest rates and the bond rating of each security. The unrealized losses at March 31, 2020 in U.S. Government agency securities, state and municipal securities, mortgage-backed securities, CMOs and corporate debt securities are primarily the result of interest rate fluctuations. If held to maturity, these bonds will mature at par, and QNB will not realize a loss. The Company has the intent to hold the securities and does not believe it will be required to sell the securities before recovery occurs. QNB holds one pooled trust preferred security as of March 31, 2020. This security has a total amortized cost of approximately $85,000 and a fair value of $71,000. The pooled trust preferred security is available-for-sale and is carried at fair value. Marketable Equity Securities The Company’s investment in marketable equity securities primarily consists of investments with readily determinable fair values in large cap stock companies. Changes in fair value is recorded in unrealized gain/(losses) in non-interest income. At March 31, 2020 and December 31, 2019, the Company had $9,417,000 and $9,164,000, respectively, in equity securities recorded at fair value. The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the three months ended March 30, 2020 and 2019: For the Three Months Ended March 31, 2020 2019 Net (loss) gains recognized during the period on equity securities $ (2,940 ) $ 1,021 Less: Net gains recognized during the period on equity securities sold during the period — 45 Net unrealized (losses) gains recognized during the reporting period on equity securities still held at the reporting date $ (2,940 ) $ 976 Tax benefit applicable to the net losses recognized for the three months ended March 31, 2020 as $849,000. Tax expense applicable to the net gains recognized for the three months ended March 31, 2019 was $295,000. Proceeds from sales of investment equity securities were approximately $0 and $358,000 for the three months ended March 31, 2020 and 2019, respectively.

Note 7 - Restricted Investment

Note 7 - Restricted Investment in Stocks	3 Months Ended
	Mar. 31, 2020
Schedule Of Investments [Abstract]
Restricted Investment in Stocks	7. RESTRICTED INVESTMENT IN STOCKS Restricted investment in stocks includes Federal Home Loan Bank of Pittsburgh (FHLB) with a carrying cost of $988,000, Atlantic Community Bankers Bank (ACBB) stock with a carrying cost of $12,000 and VISA Class B stock with a carrying cost of $0 at March 31, 2020. FHLB and ACBB stock was issued to the Bank as a requirement to facilitate the Bank’s participation in borrowing and other banking services. The Bank’s investment in FHLB stock may fluctuate, as it is based on the member banks’ use of FHLB’s services. The Bank owns 6,502 shares of Visa Class B stock, which was necessary to participate in Visa services in support of the Bank’s credit card, debit card, and related payment programs (permissible activities under banking regulations) as a member institution. Following the resolution of Visa’s covered litigation, shares of Visa’s Class B stock will be converted to Visa Class A shares using a conversion factor (1.6298 as of June 28, 2018), which is periodically adjusted to reflect VISA’s ongoing litigation costs. There is a very limited market for this stock, as only current owners of Class B shares are permitted to transact in Class B. Due to the lack of orderly trades and public information of such trades, Visa Class B does not have a readily determinable fair value. These restricted investments are carried at cost and evaluated for OTTI periodically. As of March 31, 2020, there was no OTTI associated with these shares.

Note 8 - Loans & Allowance for

Note 8 - Loans & Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Loans & Allowance for Loan Losses	8. LOANS & ALLOWANCE FOR LOAN LOSSES Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are stated at the principal amount outstanding, net of deferred loan fees and costs. Interest income is accrued on the principal amount outstanding. Loan origination and commitment fees and related direct costs are deferred and amortized to income over the term of the respective loan and loan commitment period as a yield adjustment. Loans held-for-sale consists of residential mortgage loans that are carried at the lower of aggregate cost or fair value. Net unrealized losses, if any, are recognized through a valuation allowance charged to income. Gains and losses on residential mortgages held-for-sale are included in non-interest income. QNB maintains an allowance for loan losses, which is intended to absorb probable known and inherent losses in the outstanding loan portfolio. The allowance is reduced by actual credit losses and is increased by the provision for loan losses and recoveries of previous losses. The provisions for loan losses are charged to earnings to bring the total allowance for loan losses to a level considered necessary by management. The allowance for loan losses is based on management’s continuing review and evaluation of the loan portfolio. The level of the allowance is determined by assigning specific reserves to individually identified problem credits and general reserves to all other loans. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. The portion of the allowance that is allocated to internally criticized and non-accrual loans is determined by estimating the inherent loss on each credit after giving consideration to the value of underlying collateral. The general component covers pools of loans by loan class including commercial loans not considered impaired, as well as smaller balance homogeneous loans, such as residential real estate, home equity and other consumer loans. These pools of loans are evaluated for loss exposure based upon historical loss rates. These loss rates are based on a three year history of charge-offs and are more heavily weighted for recent experience for each of these categories of loans, adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off and recovery practices. 2. Effect of external factors, such as legal and regulatory requirements. 3. National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 4. Nature and volume of the portfolio including growth. 5. Experience, ability, and depth of lending management and staff. 6. Volume and severity of past due, classified and nonaccrual loans. 7. Quality of the Company’s loan review system, and the degree of oversight by the Company’s Board of Directors. 8. Existence and effect of any concentrations of credit and changes in the level of such concentrations. Each factor is assigned a value to reflect improving, stable or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. Management emphasizes loan quality and close monitoring of potential problem credits. Credit risk identification and review processes are utilized in order to assess and monitor the degree of risk in the loan portfolio. QNB’s lending and credit administration staff are charged with reviewing the loan portfolio and identifying changes in the economy or in a borrower’s circumstances which may affect the ability to repay debt or the value of pledged collateral. A loan classification and review system exists that identifies those loans with a higher than normal risk of uncollectibility. Each commercial loan is assigned a grade based upon an assessment of the borrower’s financial capacity to service the debt and the presence and value of collateral for the loan. An independent firm reviews risk assessment and evaluates the adequacy of the allowance for loan losses. Management meets monthly to review the credit quality of the loan portfolio and quarterly to review the allowance for loan losses. In addition, various regulatory agencies, as an integral part of their examination process, periodically review QNB’s allowance for loan losses. Such agencies may require QNB to recognize additions to the allowance based on their judgments using information available to them at the time of their examination. Management believes that it uses the best information available to make determinations about the adequacy of the allowance and that it has established its existing allowance for loan losses in accordance with U.S. GAAP. If circumstances differ substantially from the assumptions used in making determinations, future adjustments to the allowance for loan losses may be necessary and results of operations could be affected. Because future events affecting borrowers and collateral cannot be predicted with certainty, there can be no assurance that increases to the allowance will not be necessary should the quality of any loans deteriorate as a result of the factors discussed above. Major classes of loans are as follows: March 31, December 31, 2020 2019 Commercial: Commercial and industrial $ 164,071 $ 168,031 Construction 47,634 56,209 Secured by commercial real estate 351,550 336,050 Secured by residential real estate 70,652 72,443 State and political subdivisions 38,248 38,376 Retail: 1-4 family residential mortgages 70,284 69,469 Home equity loans and lines 72,458 73,311 Consumer 6,232 6,530 Total loans 821,129 820,419 Net unearned costs 154 197 Loans receivable $ 821,283 $ 820,616 Loans secured by commercial real estate include all loans collateralized at least in part by commercial real estate. These loans may not be for the expressed purpose of conducting commercial real estate transactions. Overdrafts are reclassified as loans and are included in consumer loans above and total loans receivable on the Consolidated Balance Sheets. At March 31, 2020 and December 31, 2019, overdrafts were approximately $238,000 and $224,000, respectively. QNB generally lends in its trade area which is comprised of Quakertown and the surrounding communities. To a large extent, QNB makes loans collateralized at least in part by real estate. Its lending activities could be affected by changes in the general economy, the regional economy, or real estate values. Other than disclosed in the table above, at March 31, 2020, there was a concentration of loans to lessors of residential buildings and dwellings of 15.6% of total loans and to lessors of nonresidential buildings of 19.6% of total loans, compared with 16.6% and 18.3% of total loans, respectively, at December 31, 2019. These concentrations were primarily within the commercial real estate categories. The Company engages in a variety of lending activities, including commercial, residential real estate and consumer transactions. The Company focuses its lending activities on individuals, professionals and small to medium sized businesses. Risks associated with lending activities include economic conditions and changes in interest rates, which can adversely impact both the ability of borrowers to repay their loans and the value of the associated collateral. Commercial and industrial loans, commercial real estate loans, construction loans and residential real estate loans with a business purpose are generally perceived as having more risk of default than residential real estate loans with a personal purpose and consumer loans. These types of loans involve larger loan balances to a single borrower or groups of related borrowers and are more susceptible to a risk of loss during a downturn in the business cycle. These loans may involve greater risk because the availability of funds to repay these loans depends on the successful operation of the borrower’s business. The assets financed are used within the business for its ongoing operation. Repayment of these kinds of loans generally comes from the cash flow of the business or the ongoing conversions of assets, such as accounts receivable and inventory, to cash. Typical collateral for commercial and industrial loans includes the borrower’s accounts receivable, inventory and machinery and equipment. Commercial real estate and residential real estate loans secured for a business purpose are originated primarily within the eastern Pennsylvania market area at conservative loan-to-value ratios and often backed by the individual guarantees of the borrowers or owners. Repayment of this kind of loan is dependent upon either the ongoing cash flow of the borrowing entity or the resale or lease of the subject property. Commercial real estate loans may be affected to a greater extent than residential loans by adverse conditions in real estate markets or the economy because commercial real estate borrowers’ ability to repay their loans depends on successful development of their properties, as well as the factors affecting residential real estate borrowers. Loans to state and political subdivisions are tax-exempt or taxable loans to municipalities, school districts and housing and industrial development authorities. These loans can be general obligations of the municipality or school district repaid through their taxing authority, revenue obligations repaid through the income generated by the operations of the authority, such as a water or sewer authority, or loans issued to a housing and industrial development agency, for which a private corporation is responsible for payments on the loans. The Company originates fixed-rate and adjustable-rate real estate-residential mortgage loans for personal purposes that are secured by first liens on the underlying 1-4 family residential properties. Credit risk exposure in this area of lending is minimized by the evaluation of the credit worthiness of the borrower, including debt-to-income ratios, credit scores and adherence to underwriting policies that emphasize conservative loan-to-value ratios of generally no more than 80%. Residential mortgage loans granted in excess of the 80% loan-to-value ratio criterion are generally insured by private mortgage insurance. The real estate-home equity portfolio consists of fixed-rate home equity loans and variable-rate home equity lines of credit. Risks associated with loans secured by residential properties are generally lower than commercial loans and include general economic risks, such as the strength of the job market, employment stability and the strength of the housing market. Since most loans are secured by a primary or secondary residence, the borrower’s continued employment is the greatest risk to repayment. The Company offers a variety of loans to individuals for personal and household purposes. Consumer loans are generally considered to have greater risk than first or second mortgages on real estate because they may be unsecured, or, if they are secured, the value of the collateral may be difficult to assess and is more likely to decrease in value than real estate. Credit risk in this portfolio is controlled by conservative underwriting standards that consider debt-to-income levels and the creditworthiness of the borrower and, if secured, collateral values. The Company employs a ten-grade risk rating system related to the credit quality of commercial loans and loans to state and political subdivisions of which the first six categories are pass categories (credits not adversely rated). The following is a description of the internal risk ratings and the likelihood of loss related to each risk rating. 1 Excellent - no apparent risk 2 Good - minimal risk 3 Acceptable - lower risk 4 Acceptable - average risk 5 Acceptable – higher risk 6 Pass watch 7 Special Mention - potential weaknesses 8 Substandard - well defined weaknesses 9 Doubtful - full collection unlikely 10 Loss - considered uncollectible The Company maintains a loan review system, which allows for a periodic review of our loan portfolio and the early identification of potential problem loans. Each loan officer assigns a rating to all loans in the portfolio at the time the loan is originated. Loans with risk ratings of one through five are reviewed annually based on the borrower’s fiscal year. Loans with risk ratings of six are reviewed every six to twelve months based on the dollar amount of the relationship with the borrower. Loans with risk ratings of seven through ten are reviewed at least quarterly, and as often as monthly, at management’s discretion. The Company also utilizes an outside loan review firm to review the portfolio on a semi-annual basis to provide the Board of Directors and senior management an independent review of the Company’s loan portfolio on an ongoing basis. These reviews are designed to recognize deteriorating credits in their earliest stages in an effort to reduce and control risk in the lending function as well as identifying potential shifts in the quality of the loan portfolio. The examinations by the outside loan review firm include the review of lending activities with respect to underwriting and processing new loans, monitoring the risk of existing loans and to provide timely follow-up and corrective action for loans showing signs of deterioration in quality. In addition, the outside firm reviews the methodology for the allowance for loan losses to determine compliance to policy and regulatory guidance. 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 March 31, 2020 and December 31, 2019: March 31, 2020 Pass Special mention Substandard Doubtful Total Commercial: Commercial and industrial $ 154,860 $ 3,610 $ 5,601 $ — $ 164,071 Construction 47,634 — — — 47,634 Secured by commercial real estate 340,594 2,992 7,964 — 351,550 Secured by residential real estate 69,044 — 1,608 — 70,652 State and political subdivisions 38,248 — — — 38,248 Total $ 650,380 $ 6,602 $ 15,173 $ — $ 672,155 December 31, 2019 Pass Special mention Substandard Doubtful Total Commercial: Commercial and industrial $ 158,247 $ 3,665 $ 6,119 $ — $ 168,031 Construction 56,209 — — — 56,209 Secured by commercial real estate 324,936 2,995 8,119 — 336,050 Secured by residential real estate 70,759 - 1,684 — 72,443 State and political subdivisions 38,376 — — — 38,376 Total $ 648,527 $ 6,660 $ 15,922 $ — $ 671,109 For retail loans, the Company evaluates credit quality based on the performance of the individual credits. The following tables present the recorded investment in the retail classes of the loan portfolio based on payment activity as of March 31, 2020 and December 31, 2019: March 31, 2020 Performing Non-performing Total Retail: 1-4 family residential mortgages $ 69,720 $ 564 $ 70,284 Home equity loans and lines 71,783 675 72,458 Consumer 6,061 171 6,232 Total $ 147,564 $ 1,410 $ 148,974 December 31, 2019 Performing Non-performing Total Retail: 1-4 family residential mortgages $ 68,833 $ 636 $ 69,469 Home equity loans and lines 72,774 537 73,311 Consumer 6,391 139 6,530 Total $ 147,998 $ 1,312 $ 149,310 The performance and credit quality of the loan portfolio is 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 table presents the classes of the loan portfolio summarized by the past due status as of March 31, 2020 and December 31, 2019: March 31, 2020 30-59 past due 60-89 days past due 90 days or more past due Total past due loans Current Total loans receivable Commercial: Commercial and industrial $ 2,630 $ 100 $ 1,743 $ 4,473 $ 159,598 $ 164,071 Construction — — — — 47,634 47,634 Secured by commercial real estate 332 1,121 1,520 2,973 348,577 351,550 Secured by residential real estate 252 12 79 343 70,309 70,652 State and political subdivisions — — — — 38,248 38,248 Retail: 1-4 family residential mortgages 2,108 — 458 2,566 67,718 70,284 Home equity loans and lines 26 47 155 228 72,230 72,458 Consumer 121 31 87 239 5,993 6,232 Total $ 5,469 $ 1,311 $ 4,042 $ 10,822 $ 810,307 $ 821,129 December 31, 2019 30-59 days past due 60-89 days past due 90 days or more past due Total past due loans Current Total loans receivable Commercial: Commercial and industrial $ — $ 58 $ 2,006 $ 2,064 $ 165,967 $ 168,031 Construction — — — — 56,209 56,209 Secured by commercial real estate — — 1,527 1,527 334,523 336,050 Secured by residential real estate 208 79 142 429 72,014 72,443 State and political subdivisions — — — — 38,376 38,376 Retail: 1-4 family residential mortgages 1,486 573 432 2,491 66,978 69,469 Home equity loans and lines 271 23 55 349 72,962 73,311 Consumer 29 71 — 100 6,430 6,530 Total $ 1,994 $ 804 $ 4,162 $ 6,960 $ 813,459 $ 820,419 The following tables disclose the recorded investment in loans receivable that are either on non-accrual status or past due 90 days or more and still accruing interest as of March 31, 2020 and December 31, 2019: March 31, 2020 90 due (still accruing) Non-accrual Commercial: Commercial and industrial $ — $ 5,379 Construction — — Secured by commercial real estate — 3,556 Secured by residential real estate — 789 State and political subdivisions — — Retail: 1-4 family residential mortgages — 564 Home equity loans and lines — 675 Consumer — 171 Total $ — $ 11,134 December 31, 2019 90 due (still accruing) Non-accrual Commercial: Commercial and industrial $ — $ 5,901 Construction — — Secured by commercial real estate — 3,640 Secured by residential real estate — 851 State and political subdivisions — — Retail: 1-4 family residential mortgages — 636 Home equity loans and lines — 537 Consumer — 139 Total $ — $ 11,704 Activity in the allowance for loan losses for the three months ended March 31, 2020 and 2019 are as follows: For the Three Months Ended March 31, 2020 Balance, beginning of period Provision for (credit to) loan losses Charge-offs Recoveries Balance, end of period Commercial: Commercial and industrial $ 4,689 $ (41 ) $ — $ 9 $ 4,657 Construction 590 (304 ) — — 286 Secured by commercial real estate 2,519 767 — — 3,286 Secured by residential real estate 629 (40 ) — 19 608 State and political subdivisions 115 19 — — 134 Retail: 1-4 family residential mortgages 549 111 — — 660 Home equity loans and lines 310 22 — 1 333 Consumer 230 130 (92 ) 10 278 Unallocated 256 (164 ) N/A N/A 92 Total $ 9,887 $ 500 $ (92 ) $ 39 $ 10,334 Three months ended March 31, 2019 Balance, beginning of period Provision for (credit to) loan losses Charge-offs Recoveries Balance, end of period Commercial: Commercial and industrial $ 3,092 $ (16 ) $ — $ 7 $ 3,083 Construction 551 51 — — 602 Secured by commercial real estate 2,824 5 — — 2,829 Secured by residential real estate 754 (1 ) (31 ) 21 743 State and political subdivisions 153 37 — — 190 Retail: 1-4 family residential mortgages 497 3 — — 500 Home equity loans and lines 338 18 (16 ) 1 341 Consumer 164 28 (35 ) 9 166 Unallocated 461 100 N/A N/A 561 Total $ 8,834 $ 225 $ (82 ) $ 38 $ 9,015 As previously discussed, the Company maintains a loan review system, which includes a continuous review of the loan portfolio by internal and external parties to aid in the early identification of potential impaired loans. 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 classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial loans and loans to state and political subdivisions by using either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer and residential mortgage loans for impairment disclosures, unless such loans are part of a larger relationship that is impaired or are classified as a troubled debt restructuring or on non-accrual. An allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of the majority of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated certified appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable agings or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. From time to time, QNB may extend, restructure, or otherwise modify the terms of existing loans, on a case-by-case basis, to remain competitive and retain certain customers, as well as assist other customers that may be experiencing financial difficulties. A loan is considered to be a troubled debt restructuring (“TDR”) loan when the Company grants a concession to the borrower because of the borrower’s financial condition that it would not otherwise consider. Such concessions include the reduction of interest rates, forgiveness of principal or interest, or other modifications of interest rates to less than the current market rate for new obligations with similar risk. Loans classified as TDRs are considered non-performing and are also designated as impaired. The concessions made for TDRs involve lowering the monthly payments on loans through periods of interest only payments, a reduction in interest rate below a market rate or an extension of the term of the loan without a corresponding adjustment to the risk premium reflected in the interest rate, or a combination of these three methods. The restructurings rarely result in the forgiveness of principal or accrued interest. If the borrower has demonstrated performance under the previous terms and our underwriting process shows the borrower has the capacity to continue to perform under the restructured terms, the loan will continue to accrue interest. Non-accruing restructured loans may be returned to accrual status when there has been a sustained period of repayment performance (generally six consecutive months of payments) and both principal and interest are deemed collectible. TDR loans that are in compliance with their modified terms and that yield a market rate may be removed from the TDR status after a period of performance. Performing TDRs (not reported as non-accrual or past due 90 days or more and still accruing) totaled $4,727,000 and $4,760,000 as of March 31, 2020 and December 31, 2019, respectively. Non-performing TDRs totaled $1,044,000 and $1,131,000 as of March 31, 2020 and December 31, 2019, respectively. All TDRs are included in impaired loans. The following table illustrates the specific reserve for loan losses allocated to loans modified as TDRs. These specific reserves are included in the allowance for loan losses for loans individually evaluated for impairment. There were no newly identified TDR during the three months ended March 31, 2020. As of March 31, 2020, QNB had $13,000 in commitments to lend additional funds to customers with loans whose terms have been modified in troubled debt restructurings compared and no commitments at December 31, 2019. There were no charge-offs during the three months ended March 31, 2020 and 2019, resulting from loans previously modified as TDRs. The following tables present loans, by loan class, modified as TDRs and remodified TDRs during the three months ended March 31, 2020 and 2019. The pre-modification and post-modification outstanding recorded investments disclosed in the tables below, represent carrying amounts immediately prior to the modification or re-modification and as of the period end indicated. For the Three Months Ended March 31, 2020 2019 Number contracts Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Number of contracts Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Commercial: Secured by commercial real estate — $ — $ — — $ — $ — Retail: Consumer — — — 1 12 12 Total — $ — $ — 1 $ 12 $ 12 There were no loans modified as TDRs within 12 months prior to March 31, 2020 and 2019 for which there was a payment default (60 days or more past due) during the three months ended March 31, 2020 and 2019. The Company has four loans secured by residential real estate for which foreclosure proceedings are in process at March 31, 2020. The total recorded investment is $454,000. The following tables present the balance in the allowance for loan losses at March 31, 2020 and December 31, 2019 disaggregated on the basis of the Company’s impairment method by class of loans receivable along with the balance of loans receivable by class, excluding unearned fees and costs, disaggregated on the basis of the Company’s impairment methodology: Allowance for Loan Losses Loans Receivable March 31, 2020 Balance Balance to loans individually evaluated for impairment Balance related to loans collectively evaluated for impairment Balance Balance individually evaluated for impairment Balance collectively evaluated for impairment Commercial: Commercial and industrial $ 4,657 $ 3,143 $ 1,514 $ 164,071 $ 5,516 $ 158,555 Construction 286 — 286 47,634 — 47,634 Secured by commercial real estate 3,286 358 2,928 351,550 7,061 344,489 Secured by residential real estate 608 25 583 70,652 2,003 68,649 State and political subdivisions 134 — 134 38,248 — 38,248 Retail: 1-4 family residential mortgages 660 — 660 70,284 883 69,401 Home equity loans and lines 333 13 320 72,458 691 71,767 Consumer 278 9 269 6,232 67 6,165 Unallocated 92 N/A N/A N/A N/A N/A Total $ 10,334 $ 3,548 $ 6,694 $ 821,129 $ 16,221 $ 804,908 Allowance for Loan Losses Loans Receivable December 31, 2019 Balance Balance related to loans individually evaluated for impairment Balance related to loans collectively evaluated for impairment Balance Balance individually evaluated for impairment Balance collectively evaluated for impairment Commercial: Commercial and industrial $ 4,689 $ 3,307 $ 1,382 $ 168,031 $ 6,027 $ 162,004 Construction 590 — 590 56,209 — 56,209 Secured by commercial real estate 2,519 217 2,302 336,050 7,172 328,878 Secured by residential real estate 629 31 598 72,443 2,082 70,361 State and political subdivisions 115 — 115 38,376 — 38,376 Retail: 1-4 family residential mortgages 549 — 549 69,469 955 68,514 Home equity loans and lines 310 — 310 73,311 555 72,756 Consumer 230 11 219 6,530 69 6,461 Unallocated 256 N/A N/A N/A N/A N/A Total $ 9,887 $ 3,566 $ 6,065 $ 820,419 $ 16,860 $ 803,559 The following table summarize additional information, in regards to impaired loans by loan portfolio class, as of March 31, 2020 and December 31, 2019: March 31, 2020 December 31, 2019 Recorded investment (after charge-offs) Unpaid principal balance Related allowance Recorded investment (after charge-offs) Unpaid principal balance Related allowance With no specific allowance recorded: Commercial: Commercial and industrial $ 643 $ 921 $ 901 $ 1,258 Construction — — — — Secured by commercial real estate 3,631 4,285 3,735 4,362 Secured by residential real estate 1,879 2,082 1,936 2,110 Retail: 1-4 family residential mortgages 883 945 — — Home equity loans and lines 504 562 955 1,010 Consumer — — 555 612 Total $ 7,540 $ 8,795 $ 8,082 $ 9,352 With an allowance recorded: Commercial: Commercial and industrial $ 4,873 $ 6,372 $ 3,143 $ 5,126 $ 6,577 $ 3,307 Construction — — — — — — Secured by commercial real estate 3,430 3,492 358 3,437 3,495 217 Secured by residential real estate 124 153 25 146 193 31 Retail: 1-4 family residential mortgages — — — — — — Home equity loans and lines 187 194 13 — — — Consumer 67 78 9 69 79 11 Total $ 8,681 $ 10,289 $ 3,548 $ 8,778 $ 10,344 $ 3,566 Total: Commercial: Commercial and industrial $ 5,516 $ 7,293 $ 3,143 $ 6,027 $ 7,835 $ 3,307 Construction — — — — — — Secured by commercial real estate 7,061 7,777 358 7,172 7,857 217 Secured by residential real estate 2,003 2,235 25 2,082 2,303 31 Retail: 1-4 family residential mortgages 883 945 — — — — Home equity loans and lines 691 756 13 955 1,010 — Consumer 67 78 9 624 691 11 Total $ 16,221 $ 19,084 $ 3,548 $ 16,860 $ 19,696 $ 3,566 The following table presents additional information regarding the average recorded investment and interest income recognized on impaired loans: For the Three Months Ended March 31, 2020 2019 Average recorded investment Interest income recognized Average recorded investment Interest income recognized Commercial: Commercial and industrial $ 5,710 $ 2 $ 4,298 $ 3 Construction — — — — Secured by commercial real estate 7,124 43 6,011 48 Secured by residential real estate 2,039 18 1,749 10 Retail: 1-4 family residential mortgages 885 3 1,257 3 Home equity loans and lines 586 — 176 — Consumer 68 — 76 — Total $ 16,412 $ 66 $ 13,567 $ 64

Note 9 - Fair Value Measurement

Note 9 - Fair Value Measurements and Disclosures	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements and Disclosures	9. FAIR VALUE MEASUREMENTS AND DISCLOSURES FASB ASC 820, Fair Value Measurements and Disclosures ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity). An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The measurement of fair value should be consistent with one of the following valuation techniques: market approach, income approach, and/or cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities (including a business). For example, valuation techniques consistent with the market approach often use market multiples derived from a set of comparables. Multiples might lie in ranges with a different multiple for each comparable. The selection of where within the range the appropriate multiple falls requires judgment, considering factors specific to the measurement (qualitative and quantitative). Valuation techniques consistent with the market approach include matrix pricing. Matrix pricing is a mathematical technique used principally to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the security’s relationship to other benchmark quoted securities. The following table sets forth QNB’s financial assets measured at fair value on a recurring and nonrecurring basis and the fair value measurements by level within the fair value hierarchy as of March 31, 2020: March 31, 2020 Quoted in active markets for identical assets (Level 1) Significant other observable input (Level 2) Significant unobservable inputs (Level 3) Balance at end of period Recurring fair value measurements Available-for-sale securities: U.S. Treasury securities $ — $ — $ — $ — U.S. Government agency securities — 31,074 — 31,074 State and municipal securities — 62,838 — 62,838 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed securities — 140,644 — 140,644 Collateralized mortgage obligations (CMOs) — 84,646 — 84,646 Pooled trust preferred securities — — 71 71 Corporate debt securities — 8,052 — 8,052 Total debt securities available-for-sale — 327,254 71 327,325 Equity securities 9,417 — — 9,417 Total recurring fair value measurements $ 9,417 $ 327,254 $ 71 $ 336,742 Nonrecurring fair value measurements Impaired loans $ — $ — $ 5,133 $ 5,133 Mortgage servicing rights — — 160 160 Total nonrecurring fair value measurements $ — $ — $ 5,293 $ 5,293 There were no transfers in and out of Level 1 and Level 2 fair value measurements during the three months ended March 31, 2020. There were also no transfers in or out of Level 3 for the same period. There were no losses included in earnings attributable to the change in unrealized gains or losses relating to the available-for-sale securities above with fair value measurements utilizing significant unobservable inputs for the three-month period ended March 31, 2020. The following table sets forth QNB’s financial assets measured at fair value on a recurring and nonrecurring basis, the fair value measurements by level within the fair value hierarchy as of December 31, 2019: December 31, 2019 Quoted prices in active markets for identical assets (Level 1) Significant other observable input (Level 2) Significant unobservable inputs (Level 3) Balance at end of period Recurring fair value measurements Debt securities available-for-sale U.S. Government agency securities $ - $ 69,298 $ — $ 69,298 State and municipal securities — 50,781 — 50,781 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed securities — 134,829 — 134,829 Collateralized mortgage obligations (CMOs) — 86,610 — 86,610 Pooled trust preferred securities — — 79 79 Corporate debt securities — 8,113 — 8,113 Total debt securities available-for-sale — 349,631 79 349,710 Equity securities 9,164 — — 9,164 Total recurring fair value measurements $ 9,164 $ 349,631 $ 79 $ 358,874 Nonrecurring fair value measurements Impaired loans $ — $ — $ 5,212 $ 5,212 Mortgage servicing rights — — 7 7 Total nonrecurring fair value measurements $ — $ — $ 5,219 $ 5,219 The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which QNB has utilized Level 3 inputs to determine fair value: Quantitative information about Level 3 fair value measurements March 31, 2020 Fair value Valuation techniques Unobservable input Value or range of values Impaired loans $ 3,628 Appraisal of collateral (1) Appraisal adjustments (2) -5% to -40% Liquidation expenses (3) -10 % Impaired loans 1,469 Financial statement values for UCC collateral Financial statement value discounts (5) -20% to -100% Impaired loans 36 Used commercial vehicle guides Guide value discounts (4) -30 % Mortgage servicing rights 160 Discounted cash flow Remaining term 2 to 26 years Discount rate 12.00 % Quantitative information about Level 3 fair value measurements December 31, 2019 Fair value Valuation techniques Unobservable input Value or range of values Impaired loans $ 4,655 Appraisal of collateral (1) Appraisal adjustments (2) -5% to -40% Liquidation expenses (3) -10 % Impaired loans 521 Financial statement values for UCC collateral Financial statement value discounts (5) -30% to -100% Impaired loans 36 Used commercial vehicle guides Guide value discounts (4) -30 % Mortgage servicing rights 7 Discounted cash flow Remaining term 2 to 27 years Discount rate 12.0% to 12.5% (1) Fair value is primarily determined through appraisals of the underlying collateral by independent parties, which generally includes various level 3 inputs which are not always identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and the age of the appraisal. The range is presented as a percent of the initial appraised value. (3) Appraisals and pending agreements of sale are adjusted by management for estimated liquidation expenses. The range is presented as a percent of the initial appraised value. (4) If lendable value (lower than wholesale) is utilized then no additional discounts are taken. If lendable value is not provided, additional discounts are applied. (5) Values obtained from financial statements for UCC collateral (fixed assets and inventory) are discounted to estimated realizable liquidation value. The following table presents additional information about the available-for-sale securities measured at fair value on a recurring basis and for which QNB utilized significant unobservable inputs (Level 3 inputs) to determine fair value for the three months ended March 31, 2020 and 2019: Fair value measurements using significant unobservable inputs (Level 3) 2020 2019 Balance, January 1, $ 79 $ 116 Payments received — — Total gains or losses (realized/unrealized) Included in earnings — — Included in other comprehensive (loss) income (8 ) (4 ) Transfers in and/or out of Level 3 — — Balance, March 31, $ 71 $ 112 The Level 3 securities consist of one collateralized debt obligation security, the PreTSL security, which is backed by trust preferred securities issued by banks. The market for this security at March 31, 2020 was not active and markets for similar securities also are not active. The new issue market is also inactive and there are currently very few market participants who are willing and or able to transact for these securities. Given conditions in the debt markets today and the absence of observable transactions in the secondary and new issue markets, we determined: • The few observable transactions and market quotations that are available are not reliable for purposes of determining fair value at March 31, 2020; • An income valuation approach technique (present value technique) that maximizes the use of relevant observable inputs and minimizes the use of unobservable inputs will be equally or more representative of fair value than the market approach valuation technique used at prior measurement dates; and • The PreTSL will be classified within Level 3 of the fair value hierarchy because significant adjustments are required to determine fair value at the measurement date. QNB used an independent third party to value this security using a discounted cash flow analysis. Based on management’s review of the bond’s three underlying issuers, there are no expected credit losses or prepayments; cashflows used were contractual based on the Bloomberg YA screen. The assumed cashflows have been discounted using and estimated market discount rate based on the 30-year swap rate. The 30-year is used as the reference rate since it is indicative of market expectation for short-term rates in the future. This is consistent with the 30-year nature of the PreTSL security, which is priced using the 3-month LIBOR as a reference rate. The discount rate of 5.09% includes the risk-free rate, a credit component and a spread for illiquidity. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of QNB’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between QNB’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of each major classification of financial instrument and non-financial asset at March 31, 2020 and December 31, 2019: Cash and cash equivalents, accrued interest receivable and accrued interest payable (carried at cost) Investment securities (carried at fair value) Restricted investment in stocks (carried at cost) Loans Held for Sale (carried at lower of cost or fair value) Loans Receivable (carried at cost) Impaired Loans (generally carried at fair value) Mortgage Servicing Rights (carried at lower of cost or fair value) Deposit liabilities (carried at cost) Short-term borrowings (carried at cost) Long-term debt (carried at cost) Off-balance-sheet instruments (disclosed at cost) Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in sales transaction on the dates indicated. The estimated fair value amounts have been measured as of the respective period ends and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period end. The estimated fair values and carrying amounts of the Company’s financial and off-balance sheet instruments are summarized as follows: Fair value measurements March 31, 2020 Carrying amount Fai r Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Financial assets Cash and cash equivalents $ 46,489 $ 46,489 $ 46,489 $ — $ — Investment securities: Equities 9,417 9,417 9,417 — — Available-for-sale 327,325 327,325 — 327,254 71 Restricted investment in stocks 1,000 1,000 — 1,000 — Loans held-for-sale 216 224 — 224 — Net loans 810,949 847,848 — — 847,848 Mortgage servicing rights 438 458 — — 458 Accrued interest receivable 3,023 3,023 — 3,023 — Financial liabilities Deposits with no stated maturities $ 828,446 $ 828,446 $ 828,446 $ — $ — Deposits with stated maturities 215,075 217,689 — 217,689 — Short-term borrowings 43,265 43,265 43,265 — — Long-term debt 10,000 10,225 — 10,225 — Accrued interest payable 507 507 — 507 — Off-balance sheet instruments Commitments to extend credit $ — $ — $ — $ — $ — Standby letters of credit — 42 — 42 — Fair value measurements December 31, 2019 Carrying amount Fai r Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Financial assets Cash and cash equivalents $ 17,608 $ 17,608 $ 17,608 $ — $ — Investment securities: Equities 9,164 9,164 9,164 — — Available-for-sale 349,710 349,710 — 349,631 79 Restricted investment in stocks 1,073 1,073 — 1,073 — Loans held-for-sale 977 997 — 997 — Net loans 810,729 825,295 — — 825,295 Mortgage servicing rights 441 551 — — 551 Accrued interest receivable 2,828 2,828 — 2,828 — Financial liabilities Deposits with no stated maturities $ 802,284 $ 802,284 $ 802,284 $ — $ — Deposits with stated maturities 235,576 235,557 — 235,557 — Short-term borrowings 55,931 55,931 55,931 — — Accrued interest payable 909 909 — 909 — Off-balance sheet instruments Commitments to extend credit $ — $ — $ — $ — $ — Standby letters of credit — 47 — 47 —

Note 10 - Commitments And Conti

Note 10 - Commitments And Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments And Contingencies	10. COMMITMENTS AND CONTINGENCIES Financial Instruments with off-balance sheet risk In the normal course of business there are various legal proceedings, commitments, and contingent liabilities which are not reflected in the consolidated financial statements. Management does not anticipate any material losses as a result of these transactions and activities. They include, among other things, commitments to extend credit and standby letters of credit. The maximum exposure to credit loss, which represents the possibility of sustaining a loss due to the failure of the other parties to a financial instrument to perform according to the terms of the contract, is represented by the contractual amount of these instruments. QNB uses the same lending standards and policies in making credit commitments as it does for on-balance sheet instruments. The activity is controlled through credit approvals, control limits, and monitoring procedures. A summary of the Company's financial instrument commitments is as follows: March 31, December 31, 2020 2019 Commitments to extend credit and unused lines of credit $ 299,530 $ 273,088 Standby letters of credit 11,291 11,704 Total financial instrument commitments $ 310,821 $ 284,792 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. QNB evaluates each customer’s creditworthiness on a case-by-case basis. Standby letters of credit are conditional commitments issued by the Company to guarantee the financial or performance obligation of a customer to a third party. QNB’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making conditional obligations as it does for on-balance sheet instruments. Standby letters of credit of $10,009,000 will expire within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending other loan commitments. The Company requires collateral and personal guarantees supporting these letters of credit as deemed necessary. Management believes that the proceeds obtained through a liquidation of such collateral and the enforcement of personal guarantees would be sufficient to cover the maximum potential amount of future payments required under the corresponding guarantees. The amount of the liability as of March 31, 2020 and December 31, 2019 for guarantees under standby letters of credit issued is not material. The amount of collateral obtained for letters of credit and commitments to extend credit is based on management’s credit evaluation of the customer. Collateral varies, but may include real estate, accounts receivable, marketable securities, pledged deposits, inventory or equipment. Other commitments QNB has committed to various operating leases for several of their branch and office facilities. Some of these leases include specific provisions relating to rent increases. Some of the leases contain renewal options to extend the initial terms of the lease for periods ranging from five to ten years and certain leases allow for multiple extensions. During the three months ended March 31, 2020, QNB renewed one lease and recorded an additional right-of-use asset in exchange for an operating lease liability of $1,086,000.

Note 11 - Regulatory Restrictio

Note 11 - Regulatory Restrictions	3 Months Ended
	Mar. 31, 2020
Banking And Thrift [Abstract]
Regulatory Restrictions	11. REGULATORY RESTRICTIONS Dividends payable by QNB Corp. and the Bank are subject to various limitations imposed by statutes, regulations and policies adopted by bank regulatory agencies. Under Federal and Pennsylvania banking law, the Bank is subject to certain restrictions on the amount of dividends that it may declare without prior regulatory approval. Under Federal Reserve regulations, the Bank is limited as to the amount it may lend affiliates, including QNB Corp., unless such loans are collateralized by specific obligations. Both the Company and the Bank are subject to regulatory capital requirements administered by Federal banking agencies. Failure to meet minimum capital requirements can initiate actions by regulators that could have an effect on the financial statements. Under the framework for prompt corrective action, both the Company and the Bank must meet capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance-sheet items. The capital amounts and classification are also subject to qualitative judgments by the regulators. Management believes, as of March 31, 2020, that the Company and the Bank met capital adequacy requirements to which they were subject. As of the most recent notification, the primary regulator of the Bank considered it to be “well capitalized” under the regulatory framework. There are no conditions or events since that notification that management believes have changed the classification. To be categorized as well capitalized, the Company and the Bank must maintain minimum ratios as set forth in the following table below. The Company and the Bank’s actual capital amounts and ratios are presented as follows: Capital levels Actual Adequately capitalized Well capitalized March 31, 2020 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (to risk-weighted assets): The Company $ 130,164 13.87 % $ 75,059 8.00 % $ 93,823 10.00 % Bank 120,148 13.20 72,816 8.00 91,019 10.00 Tier I capital (to risk-weighted assets): The Company 119,757 12.76 56,294 6.00 56,294 6.00 Bank 109,741 12.06 54,612 6.00 72,816 8.00 Common equity tier 1 capital (to risk-weighted assets): The Company 119,757 12.76 42,220 4.50 N/A N/A Bank 109,741 12.06 40,959 4.50 59,163 6.50 Tier I capital (to average assets): The Company 119,757 9.80 48,859 4.00 N/A N/A Bank 109,741 9.07 48,372 4.00 60,465 5.00 Capital levels Actual Adequately capitalized Well capitalized As of December 31, 2019 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (to risk-weighted assets): The Company $ 130,412 13.82 % $ 75,498 8.00 % $ 94,373 10.00 % Bank 118,389 12.93 73,270 8.00 91,587 10.00 Tier I capital (to risk-weighted assets): The Company 120,452 12.76 56,624 6.00 56,624 6.00 Bank 108,429 11.84 54,952 6.00 73,270 8.00 Common equity tier 1 capital (to risk-weighted assets): The Company 120,452 12.76 42,468 4.50 N/A N/A Bank 108,429 11.84 41,241 4.50 59,532 6.50 Tier I capital (to average assets): The Company 120,452 9.78 49,283 4.00 N/A N/A Bank 108,429 8.89 48,804 4.00 61,005 5.00

Note 12 - Revenue Recognition f

Note 12 - Revenue Recognition from Contracts with Customers	3 Months Ended
	Mar. 31, 2020
Revenue From Contract With Customer [Abstract]
Revenue Recognition from Contracts with Customers	12. REVENUE RECOGNITION FROM CONTRACTS WITH CUSTOMERS The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is little judgment involved in applying Topic 606 that significantly affects the determination of the amount and timing of revenue from contracts with customers. The main types of revenue contracts included in non-interest income within the consolidated statements of operations are as follows: • Fees for services to customers—fees include service charges on deposits which are included as liabilities in the consolidated statement of financial position and consist of transaction-based fees, stop payment fees, Automated Clearing House (ACH) fees, account maintenance fees, and overdraft services fees for various retail and business checking customers. These fees are charged as earned on the day of the transaction or within the month of the service, with the exception of Enhanced Account Analysis Fees, which are calculated on the previous month’s activity and assessed on the following month. The Enhanced Account Analysis Fees are currently being accrued; the revenue is currently being recorded in the month it is earned. Service charges on deposits are withdrawn directly from the customer’s account balance. • ATM and debit card – fees are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer’s request. • Retail brokerage and advisory—fee income and related expenses are accrued monthly to properly record the revenues in the month they are earned. Advisory fees are collected in advance on a quarterly basis. These advisory fees are recorded in the first month of the quarter for which the service is being performed. Fees that are transaction based are recognized at the point in time that the transaction is executed (i.e. trade date). • Merchant – QNB earns interchange fees from credit/debit cardholder transactions conducted through VISA/MasterCard payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized monthly, concurrently with the transaction processing services provided to the cardholder within the month. • Other—includes credit card fees, sales of checks to depositors, miscellaneous fees and gain/losses on sale of OREO. • Credit card fees are recognized monthly, concurrently with the transaction processing services provided to the cardholder within the month. • Sales of checks to depositors are commissions earned from a third-party who provides checks to QNB’s customers. There is a pre-paid incentive with the third party which is recognized over the term of the contract. Other commissions on the sales of checks are recorded weekly. • Miscellaneous fees, such as wire, cashier check and garnishment fees, are charged as earned on the day of the transaction. • Gain (loss) on sales of OREO – QNB records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the QNB finances the sale of OREO to the buyer, QNB assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, QNB adjusts the transaction prices and related gain (loss) on sale if a significant financing component is present.

Note 3 - Stock-based Compensa_2

Note 3 - Stock-based Compensation and Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Assumptions Used in Option Pricing Model	For the Three Months Ended March 31, 2020 2019 Risk free interest rate 1.52 % 2.52 % Dividend yield 3.60 % 3.36 % Volatility 13.46 % 16.44 % Expected life (years) 4.03 4.17
Stock Option Activity	Number of options Weighted average exercise price Weighted average remaining contractual term (in years) Aggregate intrinsic value Outstanding at December 31, 2018 95,075 $ 35.11 Granted 24,700 38.15 Exercised (8,275 ) 25.38 Forfeited — — Outstanding at March 31, 2019 111,500 $ 36.51 3.08 $ 270 Exercisable at March 31, 2019 37,350 $ 29.96 1.48 $ 270

Note 4 - Earnings Per Share &_2

Note 4 - Earnings Per Share & Share Repurchase Plan (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following sets forth the computation of basic and diluted earnings per share: For the Three Months Ended March 31, 2020 2019 Numerator for basic and diluted earnings per share - net income $ 220 $ 3,379 Denominator for basic earnings per share - weighted average shares outstanding 3,522,667 3,486,786 Effect of dilutive securities - employee stock options 2,788 7,643 Denominator for diluted earnings per share - adjusted weighted average shares outstanding 3,525,455 3,494,429 Earnings per share - basic $ 0.06 $ 0.97 Earnings per share - diluted 0.06 0.97

Note 5 - Comprehensive Income_2

Note 5 - Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2020
Other Comprehensive Income Loss Tax [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The following shows the components of accumulated other comprehensive income (loss) at March 31, 2020 and December 31, 2019: March 31, December 31, 2020 2019 Unrealized net holding gains (losses) on available-for-sale securities $ 6,137 $ 325 Unrealized gains (losses) on available-for-sale securities for which a portion of an other-than-temporary impairment loss has been recognized in earnings — — Accumulated other comprehensive income (loss) 6,137 325 Tax effect (1,289 ) (68 ) Accumulated other comprehensive gain (loss), net of tax $ 4,848 $ 257
Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)	The following tables present amounts reclassified out of accumulated other comprehensive income (loss) for the three months ended March 31, 2020 and 2019: For the Three Months Ended March 31, Amount reclassified from accumulated other comprehensive loss Details about accumulated other comprehensive income (loss) 2020 2019 Affected line item in statement of income Unrealized net holding gains (losses) on available-for-sale securities $ — $ (39 ) Unrealized net holding gains (losses) on investments available-for-sale Other-than-temporary impairment gains (losses) on investment securities — — Net other-than-temporary impairment losses on investment securities — (39 ) Tax effect — 8 Provision for income taxes Total reclassification out of accumulated other comprehensive income (loss), net of tax $ — $ (31 ) Net of tax

Note 6 - Investment Securities

Note 6 - Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2020
Investments Debt And Equity Securities [Abstract]
Debt Securities Available-for-sale	The amortized cost and estimated fair values of investment securities available-for-sale at March 31, 2020 and December 31, 2019 were as follows: Gross Gross unrealized unrealized Fair holding holding Amortized March 31, 2020 value gains losses cost U.S. Treasury $ — $ — $ — $ — U.S. Government agency 31,074 83 (7 ) 30,998 State and municipal 62,838 935 (478 ) 62,381 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 140,644 3,257 — 137,387 Collateralized mortgage obligations (CMOs) 84,646 2,315 (1 ) 82,332 Pooled trust preferred 71 — (14 ) 85 Corporate debt 8,052 56 (9 ) 8,005 Total investment debt securities available-for-sale $ 327,325 $ 6,646 $ (509 ) $ 321,188 Gross Gross unrealized unrealized Fair holding holding Amortized December 31, 2019 value gains losses cost U.S. Government agency $ 69,298 $ 8 $ (213 ) $ 69,503 State and municipal 50,781 860 (19 ) 49,940 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 134,829 371 (504 ) 134,962 Collateralized mortgage obligations (CMOs) 86,610 260 (535 ) 86,885 Pooled trust preferred 79 — (6 ) 85 Corporate debt 8,113 103 — 8,010 Total investment debt securities available-for-sale $ 349,710 $ 1,602 $ (1,277 ) $ 349,385
Investment Securities by Contractual Maturity	The amortized cost and estimated fair value of securities available-for-sale by contractual maturity at March 31, 2020 are shown in the following table. March 31, 2020 Fair value Amortized cost Due in one year or less $ 14,413 $ 14,202 Due after one year through five years 238,936 233,534 Due after five years through ten years 40,467 39,996 Due after ten years 33,509 33,456 Total investment debt securities available-for-sale $ 327,325 $ 321,188
Realized Gain (Loss) on Investments	The following table presents information related to the Company’s gains and losses on the sales of securities available-for-sale, and losses recognized for the other-than-temporary impairment (“OTTI”) of these investments. For the Three Months Ended March 31, 2020 2019 Gross realized gains $ — $ 20 Gross realized losses — (59 ) Other-than-temporary impairment — — Total net gains (losses) on AFS securities $ — $ (39 )
Debt Securities in a Continuous Unrealized Loss Position	The following table indicates the length of time individual debt securities have been in a continuous unrealized loss position at March 31, 2020 and December 31, 2019: Less than 12 months 12 months or longer Total No. of Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2020 securities value losses value losses value losses U.S. Treasury — $ — $ — $ — $ — $ — $ — U.S. Government agency 1 993 (7 ) — — 993 (7 ) State and municipal 30 16,138 (478 ) — — 16,138 (478 ) U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed — — — — — — — Collateralized mortgage obligations (CMOs) 1 — — 742 (1 ) 742 (1 ) Pooled trust preferred 1 — — 71 (14 ) 71 (14 ) Corporate debt 3 2,994 (9 ) — — 2,994 (9 ) Total 36 $ 20,125 $ (494 ) $ 813 $ (15 ) $ 20,938 $ (509 ) Less than 12 months 12 months or longer Total No. of Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2019 securities value losses value losses value losses U.S. Government agency 36 $ 28,857 $ (141 ) $ 20,427 $ (72 ) $ 49,284 $ (213 ) State and municipal 7 2,431 (14 ) 515 (5 ) 2,946 (19 ) U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 66 28,482 (50 ) 52,398 (454 ) 80,880 (504 ) Collateralized mortgage obligations (CMOs) 64 24,412 (82 ) 27,625 (453 ) 52,037 (535 ) Pooled trust preferred 1 — — 79 (6 ) 79 (6 ) Corporate debt — — — — — — — Total 174 $ 84,182 $ (287 ) $ 101,044 $ (990 ) $ 185,226 $ (1,277 )
Summary of Unrealized and Realized Gains and Losses Recognized in Net Income on Equity Securities	The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the three months ended March 30, 2020 and 2019: For the Three Months Ended March 31, 2020 2019 Net (loss) gains recognized during the period on equity securities $ (2,940 ) $ 1,021 Less: Net gains recognized during the period on equity securities sold during the period — 45 Net unrealized (losses) gains recognized during the reporting period on equity securities still held at the reporting date $ (2,940 ) $ 976

Note 8 - Loans & Allowance fo_2

Note 8 - Loans & Allowance for Loan Losses (Tables) - Retail and Commercial Loans [Member]	3 Months Ended
	Mar. 31, 2020
Major Classes of Loans	March 31, December 31, 2020 2019 Commercial: Commercial and industrial $ 164,071 $ 168,031 Construction 47,634 56,209 Secured by commercial real estate 351,550 336,050 Secured by residential real estate 70,652 72,443 State and political subdivisions 38,248 38,376 Retail: 1-4 family residential mortgages 70,284 69,469 Home equity loans and lines 72,458 73,311 Consumer 6,232 6,530 Total loans 821,129 820,419 Net unearned costs 154 197 Loans receivable $ 821,283 $ 820,616
Internal Risk Ratings and Payment Activity	March 31, 2020 Pass Special mention Substandard Doubtful Total Commercial: Commercial and industrial $ 154,860 $ 3,610 $ 5,601 $ — $ 164,071 Construction 47,634 — — — 47,634 Secured by commercial real estate 340,594 2,992 7,964 — 351,550 Secured by residential real estate 69,044 — 1,608 — 70,652 State and political subdivisions 38,248 — — — 38,248 Total $ 650,380 $ 6,602 $ 15,173 $ — $ 672,155 December 31, 2019 Pass Special mention Substandard Doubtful Total Commercial: Commercial and industrial $ 158,247 $ 3,665 $ 6,119 $ — $ 168,031 Construction 56,209 — — — 56,209 Secured by commercial real estate 324,936 2,995 8,119 — 336,050 Secured by residential real estate 70,759 - 1,684 — 72,443 State and political subdivisions 38,376 — — — 38,376 Total $ 648,527 $ 6,660 $ 15,922 $ — $ 671,109 March 31, 2020 Performing Non-performing Total Retail: 1-4 family residential mortgages $ 69,720 $ 564 $ 70,284 Home equity loans and lines 71,783 675 72,458 Consumer 6,061 171 6,232 Total $ 147,564 $ 1,410 $ 148,974 December 31, 2019 Performing Non-performing Total Retail: 1-4 family residential mortgages $ 68,833 $ 636 $ 69,469 Home equity loans and lines 72,774 537 73,311 Consumer 6,391 139 6,530 Total $ 147,998 $ 1,312 $ 149,310
Past Due Loans	March 31, 2020 30-59 past due 60-89 days past due 90 days or more past due Total past due loans Current Total loans receivable Commercial: Commercial and industrial $ 2,630 $ 100 $ 1,743 $ 4,473 $ 159,598 $ 164,071 Construction — — — — 47,634 47,634 Secured by commercial real estate 332 1,121 1,520 2,973 348,577 351,550 Secured by residential real estate 252 12 79 343 70,309 70,652 State and political subdivisions — — — — 38,248 38,248 Retail: 1-4 family residential mortgages 2,108 — 458 2,566 67,718 70,284 Home equity loans and lines 26 47 155 228 72,230 72,458 Consumer 121 31 87 239 5,993 6,232 Total $ 5,469 $ 1,311 $ 4,042 $ 10,822 $ 810,307 $ 821,129 December 31, 2019 30-59 days past due 60-89 days past due 90 days or more past due Total past due loans Current Total loans receivable Commercial: Commercial and industrial $ — $ 58 $ 2,006 $ 2,064 $ 165,967 $ 168,031 Construction — — — — 56,209 56,209 Secured by commercial real estate — — 1,527 1,527 334,523 336,050 Secured by residential real estate 208 79 142 429 72,014 72,443 State and political subdivisions — — — — 38,376 38,376 Retail: 1-4 family residential mortgages 1,486 573 432 2,491 66,978 69,469 Home equity loans and lines 271 23 55 349 72,962 73,311 Consumer 29 71 — 100 6,430 6,530 Total $ 1,994 $ 804 $ 4,162 $ 6,960 $ 813,459 $ 820,419
Non-accrual Loans	March 31, 2020 90 due (still accruing) Non-accrual Commercial: Commercial and industrial $ — $ 5,379 Construction — — Secured by commercial real estate — 3,556 Secured by residential real estate — 789 State and political subdivisions — — Retail: 1-4 family residential mortgages — 564 Home equity loans and lines — 675 Consumer — 171 Total $ — $ 11,134 December 31, 2019 90 due (still accruing) Non-accrual Commercial: Commercial and industrial $ — $ 5,901 Construction — — Secured by commercial real estate — 3,640 Secured by residential real estate — 851 State and political subdivisions — — Retail: 1-4 family residential mortgages — 636 Home equity loans and lines — 537 Consumer — 139 Total $ — $ 11,704
Allowance for Loan Losses	Activity in the allowance for loan losses for the three months ended March 31, 2020 and 2019 are as follows: For the Three Months Ended March 31, 2020 Balance, beginning of period Provision for (credit to) loan losses Charge-offs Recoveries Balance, end of period Commercial: Commercial and industrial $ 4,689 $ (41 ) $ — $ 9 $ 4,657 Construction 590 (304 ) — — 286 Secured by commercial real estate 2,519 767 — — 3,286 Secured by residential real estate 629 (40 ) — 19 608 State and political subdivisions 115 19 — — 134 Retail: 1-4 family residential mortgages 549 111 — — 660 Home equity loans and lines 310 22 — 1 333 Consumer 230 130 (92 ) 10 278 Unallocated 256 (164 ) N/A N/A 92 Total $ 9,887 $ 500 $ (92 ) $ 39 $ 10,334 Three months ended March 31, 2019 Balance, beginning of period Provision for (credit to) loan losses Charge-offs Recoveries Balance, end of period Commercial: Commercial and industrial $ 3,092 $ (16 ) $ — $ 7 $ 3,083 Construction 551 51 — — 602 Secured by commercial real estate 2,824 5 — — 2,829 Secured by residential real estate 754 (1 ) (31 ) 21 743 State and political subdivisions 153 37 — — 190 Retail: 1-4 family residential mortgages 497 3 — — 500 Home equity loans and lines 338 18 (16 ) 1 341 Consumer 164 28 (35 ) 9 166 Unallocated 461 100 N/A N/A 561 Total $ 8,834 $ 225 $ (82 ) $ 38 $ 9,015
Loans by Loan Class Modified as TDRs and Remodified TDRS	For the Three Months Ended March 31, 2020 2019 Number contracts Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Number of contracts Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Commercial: Secured by commercial real estate — $ — $ — — $ — $ — Retail: Consumer — — — 1 12 12 Total — $ — $ — 1 $ 12 $ 12
Loans Disaggregated by Impairment Method	Allowance for Loan Losses Loans Receivable March 31, 2020 Balance Balance to loans individually evaluated for impairment Balance related to loans collectively evaluated for impairment Balance Balance individually evaluated for impairment Balance collectively evaluated for impairment Commercial: Commercial and industrial $ 4,657 $ 3,143 $ 1,514 $ 164,071 $ 5,516 $ 158,555 Construction 286 — 286 47,634 — 47,634 Secured by commercial real estate 3,286 358 2,928 351,550 7,061 344,489 Secured by residential real estate 608 25 583 70,652 2,003 68,649 State and political subdivisions 134 — 134 38,248 — 38,248 Retail: 1-4 family residential mortgages 660 — 660 70,284 883 69,401 Home equity loans and lines 333 13 320 72,458 691 71,767 Consumer 278 9 269 6,232 67 6,165 Unallocated 92 N/A N/A N/A N/A N/A Total $ 10,334 $ 3,548 $ 6,694 $ 821,129 $ 16,221 $ 804,908 Allowance for Loan Losses Loans Receivable December 31, 2019 Balance Balance related to loans individually evaluated for impairment Balance related to loans collectively evaluated for impairment Balance Balance individually evaluated for impairment Balance collectively evaluated for impairment Commercial: Commercial and industrial $ 4,689 $ 3,307 $ 1,382 $ 168,031 $ 6,027 $ 162,004 Construction 590 — 590 56,209 — 56,209 Secured by commercial real estate 2,519 217 2,302 336,050 7,172 328,878 Secured by residential real estate 629 31 598 72,443 2,082 70,361 State and political subdivisions 115 — 115 38,376 — 38,376 Retail: 1-4 family residential mortgages 549 — 549 69,469 955 68,514 Home equity loans and lines 310 — 310 73,311 555 72,756 Consumer 230 11 219 6,530 69 6,461 Unallocated 256 N/A N/A N/A N/A N/A Total $ 9,887 $ 3,566 $ 6,065 $ 820,419 $ 16,860 $ 803,559
Impaired Loans	March 31, 2020 December 31, 2019 Recorded investment (after charge-offs) Unpaid principal balance Related allowance Recorded investment (after charge-offs) Unpaid principal balance Related allowance With no specific allowance recorded: Commercial: Commercial and industrial $ 643 $ 921 $ 901 $ 1,258 Construction — — — — Secured by commercial real estate 3,631 4,285 3,735 4,362 Secured by residential real estate 1,879 2,082 1,936 2,110 Retail: 1-4 family residential mortgages 883 945 — — Home equity loans and lines 504 562 955 1,010 Consumer — — 555 612 Total $ 7,540 $ 8,795 $ 8,082 $ 9,352 With an allowance recorded: Commercial: Commercial and industrial $ 4,873 $ 6,372 $ 3,143 $ 5,126 $ 6,577 $ 3,307 Construction — — — — — — Secured by commercial real estate 3,430 3,492 358 3,437 3,495 217 Secured by residential real estate 124 153 25 146 193 31 Retail: 1-4 family residential mortgages — — — — — — Home equity loans and lines 187 194 13 — — — Consumer 67 78 9 69 79 11 Total $ 8,681 $ 10,289 $ 3,548 $ 8,778 $ 10,344 $ 3,566 Total: Commercial: Commercial and industrial $ 5,516 $ 7,293 $ 3,143 $ 6,027 $ 7,835 $ 3,307 Construction — — — — — — Secured by commercial real estate 7,061 7,777 358 7,172 7,857 217 Secured by residential real estate 2,003 2,235 25 2,082 2,303 31 Retail: 1-4 family residential mortgages 883 945 — — — — Home equity loans and lines 691 756 13 955 1,010 — Consumer 67 78 9 624 691 11 Total $ 16,221 $ 19,084 $ 3,548 $ 16,860 $ 19,696 $ 3,566 For the Three Months Ended March 31, 2020 2019 Average recorded investment Interest income recognized Average recorded investment Interest income recognized Commercial: Commercial and industrial $ 5,710 $ 2 $ 4,298 $ 3 Construction — — — — Secured by commercial real estate 7,124 43 6,011 48 Secured by residential real estate 2,039 18 1,749 10 Retail: 1-4 family residential mortgages 885 3 1,257 3 Home equity loans and lines 586 — 176 — Consumer 68 — 76 — Total $ 16,412 $ 66 $ 13,567 $ 64

Note 9 - Fair Value Measureme_2

Note 9 - Fair Value Measurements and Disclosures (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Financial Assets Measured at Fair Value on a Recurring and Nonrecurring Basis	The following table sets forth QNB’s financial assets measured at fair value on a recurring and nonrecurring basis and the fair value measurements by level within the fair value hierarchy as of March 31, 2020: March 31, 2020 Quoted in active markets for identical assets (Level 1) Significant other observable input (Level 2) Significant unobservable inputs (Level 3) Balance at end of period Recurring fair value measurements Available-for-sale securities: U.S. Treasury securities $ — $ — $ — $ — U.S. Government agency securities — 31,074 — 31,074 State and municipal securities — 62,838 — 62,838 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed securities — 140,644 — 140,644 Collateralized mortgage obligations (CMOs) — 84,646 — 84,646 Pooled trust preferred securities — — 71 71 Corporate debt securities — 8,052 — 8,052 Total debt securities available-for-sale — 327,254 71 327,325 Equity securities 9,417 — — 9,417 Total recurring fair value measurements $ 9,417 $ 327,254 $ 71 $ 336,742 Nonrecurring fair value measurements Impaired loans $ — $ — $ 5,133 $ 5,133 Mortgage servicing rights — — 160 160 Total nonrecurring fair value measurements $ — $ — $ 5,293 $ 5,293 The following table sets forth QNB’s financial assets measured at fair value on a recurring and nonrecurring basis, the fair value measurements by level within the fair value hierarchy as of December 31, 2019: December 31, 2019 Quoted prices in active markets for identical assets (Level 1) Significant other observable input (Level 2) Significant unobservable inputs (Level 3) Balance at end of period Recurring fair value measurements Debt securities available-for-sale U.S. Government agency securities $ - $ 69,298 $ — $ 69,298 State and municipal securities — 50,781 — 50,781 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed securities — 134,829 — 134,829 Collateralized mortgage obligations (CMOs) — 86,610 — 86,610 Pooled trust preferred securities — — 79 79 Corporate debt securities — 8,113 — 8,113 Total debt securities available-for-sale — 349,631 79 349,710 Equity securities 9,164 — — 9,164 Total recurring fair value measurements $ 9,164 $ 349,631 $ 79 $ 358,874 Nonrecurring fair value measurements Impaired loans $ — $ — $ 5,212 $ 5,212 Mortgage servicing rights — — 7 7 Total nonrecurring fair value measurements $ — $ — $ 5,219 $ 5,219
Quantitative Information about Assets Measured at Fair Value	The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which QNB has utilized Level 3 inputs to determine fair value: Quantitative information about Level 3 fair value measurements March 31, 2020 Fair value Valuation techniques Unobservable input Value or range of values Impaired loans $ 3,628 Appraisal of collateral (1) Appraisal adjustments (2) -5% to -40% Liquidation expenses (3) -10 % Impaired loans 1,469 Financial statement values for UCC collateral Financial statement value discounts (5) -20% to -100% Impaired loans 36 Used commercial vehicle guides Guide value discounts (4) -30 % Mortgage servicing rights 160 Discounted cash flow Remaining term 2 to 26 years Discount rate 12.00 % Quantitative information about Level 3 fair value measurements December 31, 2019 Fair value Valuation techniques Unobservable input Value or range of values Impaired loans $ 4,655 Appraisal of collateral (1) Appraisal adjustments (2) -5% to -40% Liquidation expenses (3) -10 % Impaired loans 521 Financial statement values for UCC collateral Financial statement value discounts (5) -30% to -100% Impaired loans 36 Used commercial vehicle guides Guide value discounts (4) -30 % Mortgage servicing rights 7 Discounted cash flow Remaining term 2 to 27 years Discount rate 12.0% to 12.5% (1) Fair value is primarily determined through appraisals of the underlying collateral by independent parties, which generally includes various level 3 inputs which are not always identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and the age of the appraisal. The range is presented as a percent of the initial appraised value. (3) Appraisals and pending agreements of sale are adjusted by management for estimated liquidation expenses. The range is presented as a percent of the initial appraised value. (4) If lendable value (lower than wholesale) is utilized then no additional discounts are taken. If lendable value is not provided, additional discounts are applied. (5) Values obtained from financial statements for UCC collateral (fixed assets and inventory) are discounted to estimated realizable liquidation value.
Available-for-sale Securities Measured at Fair Value Using Significant Unobservable Inputs	The following table presents additional information about the available-for-sale securities measured at fair value on a recurring basis and for which QNB utilized significant unobservable inputs (Level 3 inputs) to determine fair value for the three months ended March 31, 2020 and 2019: Fair value measurements using significant unobservable inputs (Level 3) 2020 2019 Balance, January 1, $ 79 $ 116 Payments received — — Total gains or losses (realized/unrealized) Included in earnings — — Included in other comprehensive (loss) income (8 ) (4 ) Transfers in and/or out of Level 3 — — Balance, March 31, $ 71 $ 112
Financial and Off-balance Sheet Instruments	The estimated fair values and carrying amounts of the Company’s financial and off-balance sheet instruments are summarized as follows: Fair value measurements March 31, 2020 Carrying amount Fai r Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Financial assets Cash and cash equivalents $ 46,489 $ 46,489 $ 46,489 $ — $ — Investment securities: Equities 9,417 9,417 9,417 — — Available-for-sale 327,325 327,325 — 327,254 71 Restricted investment in stocks 1,000 1,000 — 1,000 — Loans held-for-sale 216 224 — 224 — Net loans 810,949 847,848 — — 847,848 Mortgage servicing rights 438 458 — — 458 Accrued interest receivable 3,023 3,023 — 3,023 — Financial liabilities Deposits with no stated maturities $ 828,446 $ 828,446 $ 828,446 $ — $ — Deposits with stated maturities 215,075 217,689 — 217,689 — Short-term borrowings 43,265 43,265 43,265 — — Long-term debt 10,000 10,225 — 10,225 — Accrued interest payable 507 507 — 507 — Off-balance sheet instruments Commitments to extend credit $ — $ — $ — $ — $ — Standby letters of credit — 42 — 42 — Fair value measurements December 31, 2019 Carrying amount Fai r Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Financial assets Cash and cash equivalents $ 17,608 $ 17,608 $ 17,608 $ — $ — Investment securities: Equities 9,164 9,164 9,164 — — Available-for-sale 349,710 349,710 — 349,631 79 Restricted investment in stocks 1,073 1,073 — 1,073 — Loans held-for-sale 977 997 — 997 — Net loans 810,729 825,295 — — 825,295 Mortgage servicing rights 441 551 — — 551 Accrued interest receivable 2,828 2,828 — 2,828 — Financial liabilities Deposits with no stated maturities $ 802,284 $ 802,284 $ 802,284 $ — $ — Deposits with stated maturities 235,576 235,557 — 235,557 — Short-term borrowings 55,931 55,931 55,931 — — Accrued interest payable 909 909 — 909 — Off-balance sheet instruments Commitments to extend credit $ — $ — $ — $ — $ — Standby letters of credit — 47 — 47 —

Note 10 - Commitments And Con_2

Note 10 - Commitments And Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Financial Instrument Commitments	A summary of the Company's financial instrument commitments is as follows: March 31, December 31, 2020 2019 Commitments to extend credit and unused lines of credit $ 299,530 $ 273,088 Standby letters of credit 11,291 11,704 Total financial instrument commitments $ 310,821 $ 284,792

Note 11 - Regulatory Restrict_2

Note 11 - Regulatory Restrictions (Tables)	3 Months Ended
	Mar. 31, 2020
Banking And Thrift [Abstract]
Capital Ratios and Regulatory Minimum Requirements	The Company and the Bank’s actual capital amounts and ratios are presented as follows: Capital levels Actual Adequately capitalized Well capitalized March 31, 2020 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (to risk-weighted assets): The Company $ 130,164 13.87 % $ 75,059 8.00 % $ 93,823 10.00 % Bank 120,148 13.20 72,816 8.00 91,019 10.00 Tier I capital (to risk-weighted assets): The Company 119,757 12.76 56,294 6.00 56,294 6.00 Bank 109,741 12.06 54,612 6.00 72,816 8.00 Common equity tier 1 capital (to risk-weighted assets): The Company 119,757 12.76 42,220 4.50 N/A N/A Bank 109,741 12.06 40,959 4.50 59,163 6.50 Tier I capital (to average assets): The Company 119,757 9.80 48,859 4.00 N/A N/A Bank 109,741 9.07 48,372 4.00 60,465 5.00 Capital levels Actual Adequately capitalized Well capitalized As of December 31, 2019 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (to risk-weighted assets): The Company $ 130,412 13.82 % $ 75,498 8.00 % $ 94,373 10.00 % Bank 118,389 12.93 73,270 8.00 91,587 10.00 Tier I capital (to risk-weighted assets): The Company 120,452 12.76 56,624 6.00 56,624 6.00 Bank 108,429 11.84 54,952 6.00 73,270 8.00 Common equity tier 1 capital (to risk-weighted assets): The Company 120,452 12.76 42,468 4.50 N/A N/A Bank 108,429 11.84 41,241 4.50 59,532 6.50 Tier I capital (to average assets): The Company 120,452 9.78 49,283 4.00 N/A N/A Bank 108,429 8.89 48,804 4.00 61,005 5.00

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	May 05, 2020USD ($)loan	Mar. 31, 2020
Paycheck Protection Program [Member] | Subsequent Event [Member]
Basis Of Presentation [Line Items]
Number of loans closed | loan	412
Loans recovered amount | $	$ 71,941,000
Commercial Portfolio Segment [Member]
Basis Of Presentation [Line Items]
Percentage of financing receivable modifications due to pandemic		18.00%
Retail Portfolio Segment [Member]
Basis Of Presentation [Line Items]
Percentage of financing receivable modifications due to pandemic		3.00%

Note 3 - Stock-based Compensa_3

Note 3 - Stock-based Compensation and Shareholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		60 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Allocated share-based compensation expense	$ 25	$ 27
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized	$ 152		$ 152
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition	35 months
Share-based compensation arrangement by share-based payment award, options, grants in period, gross	25,000	24,700
Share-based compensation arrangement by share-based payment award, options, exercises in period	9,550	8,275
Share-based compensation arrangement by share-based payment award, options, outstanding, number	118,800	111,500	118,800	103,350	95,075
Share-based compensation arrangement by share-based payment award, options, grants in period, weighted average grant date fair value	$ 2.42	$ 3.96
The 2005 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized	200,000		200,000
Share-based compensation arrangement by share-based payment award, options, grants in period, gross	184,200
Share-based compensation arrangement by share-based payment award, options, forfeitures in period	65,850
Share-based compensation arrangement by share-based payment award, options, exercises in period	118,350
Share-based compensation arrangement by share-based payment award, options, outstanding, number	0		0
The 2015 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized	300,000		300,000
Share-based compensation arrangement by share-based payment award, options, grants in period, gross			123,200
Share-based compensation arrangement by share-based payment award, options, forfeitures in period			2,600
Share-based compensation arrangement by share-based payment award, options, exercises in period			1,800
Share-based compensation arrangement by share-based payment award, options, outstanding, number	118,800		118,800
Employee Stock Option [Member] | The 2005 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, period options can be exercised after grant date	9 months
Share-based compensation arrangement by share-based payment award, expiration period	5 years
Share-based compensation arrangement by share-based payment award, award vesting period	3 years

Note 3 - Assumptions Used in Op

Note 3 - Assumptions Used in Option Pricing Model (Details)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Risk free interest rate	1.52%	2.52%
Dividend yield	3.60%	3.36%
Volatility	13.46%	16.44%
Expected life (years)	4 years 10 days	4 years 2 months 1 day

Note 3 - Stock Option Activity

Note 3 - Stock Option Activity (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares	Mar. 31, 2019USD ($)$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Roll Forward
Outstanding-Number of options (in shares) | shares	103,350	95,075
Granted-Number of options (in shares) | shares	25,000	24,700
Exercised-Number of options (in shares) | shares	(9,550)	(8,275)
Outstanding ending-Number of options (in shares) | shares	118,800	111,500
Exercisable-Number of options (in shares) | shares	44,600	37,350
Outstanding-Weighted average exercise price (in dollars per share) | $ / shares	$ 36.96	$ 35.11
Granted-Weighted average exercise price (in dollars per share) | $ / shares	36.50	38.15
Exercised-Weighted average exercise price (in dollars per share) | $ / shares	29.39	25.38
Outstanding ending-Weighted average exercise price (in dollars per share) | $ / shares	37.47	36.51
Exercisable-Weighted average exercise price (in dollars per share) | $ / shares	$ 34.27	$ 29.96
Outstanding ending-Weighted average remaining contractual term	2 years 11 months 15 days	3 years 29 days
Exercisable-Weighted average remaining contractual term	1 year 5 months 1 day	1 year 5 months 23 days
Outstanding ending-Aggregate intrinsic value | $	$ 0	$ 270
Exercisable-Aggregate intrinsic value | $	$ 0	$ 270

Note 4 - Computation of Basic a

Note 4 - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Numerator for basic and diluted earnings per share - net income	$ 220	$ 3,379
Denominator for basic earnings per share - weighted average shares outstanding	3,522,667	3,486,786
Effect of dilutive securities - employee stock options	2,788	7,643
Denominator for diluted earnings per share - adjusted weighted average shares outstanding	3,525,455	3,494,429
Earnings per share - basic	$ 0.06	$ 0.97
Earnings per share - diluted	$ 0.06	$ 0.97

Note 4 - Earnings Per Share &_3

Note 4 - Earnings Per Share & Share Repurchase Plan (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Feb. 09, 2009
Earnings Per Share and Share Repurchase Plan [Line Items]
Treasury stock, shares	164,569		164,569
Treasury stock, value	$ 2,476		$ 2,476
Board of Directors [Member]
Earnings Per Share and Share Repurchase Plan [Line Items]
Stock repurchase plan approved date	Jan. 21, 2008
Share Repurchase Program 1 [Member]
Earnings Per Share and Share Repurchase Plan [Line Items]
Treasury stock, shares, acquired	0	0
Treasury stock, shares	57,883
Treasury stock shares average price per share acquired	$ 16.97
Treasury stock, value	$ 982
Share Repurchase Program 1 [Member] | Maximum [Member]
Earnings Per Share and Share Repurchase Plan [Line Items]
Stock repurchase program, number of shares authorized to be repurchased				100,000
Employee Stock Option [Member]
Earnings Per Share and Share Repurchase Plan [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	98,150	74,150

Note 5 - Components of Accumula

Note 5 - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss)	$ 6,137	$ 325
Tax effect	(1,289)	(68)
Accumulated other comprehensive gain (loss), net of tax	4,848	257
Unrealized Net Holding Gains (Losses) on Available-for-sale Securities [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss)	$ 6,137	$ 325

Note 5 - Amounts Reclassified O

Note 5 - Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	$ (186)	$ 4,196
Tax effect	406	(817)
Net income	$ 220	3,379
Reclassification out of Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Unrealized net holding gains (losses) on available-for-sale securities		(39)
Income before income taxes		(39)
Tax effect		8
Net income		$ (31)

Note 6 - Available-for-Sale (De

Note 6 - Available-for-Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, debt securities	$ 327,325	$ 349,710
Investment securities available-for-sale, debt securities gross unrealized holding gains	6,646	1,602
Investment securities available-for-sale, debt securities gross unrealized holding losses	(509)	(1,277)
Investment securities available-for-sale, debt securities amortized cost	321,188	349,385
US Government Agencies Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, debt securities	31,074	69,298
Investment securities available-for-sale, debt securities gross unrealized holding gains	83	8
Investment securities available-for-sale, debt securities gross unrealized holding losses	(7)	(213)
Investment securities available-for-sale, debt securities amortized cost	30,998	69,503
US States and Political Subdivisions Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, debt securities	62,838	50,781
Investment securities available-for-sale, debt securities gross unrealized holding gains	935	860
Investment securities available-for-sale, debt securities gross unrealized holding losses	(478)	(19)
Investment securities available-for-sale, debt securities amortized cost	62,381	49,940
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, debt securities	140,644	134,829
Investment securities available-for-sale, debt securities gross unrealized holding gains	3,257	371
Investment securities available-for-sale, debt securities gross unrealized holding losses		(504)
Investment securities available-for-sale, debt securities amortized cost	137,387	134,962
Collateralized Mortgage Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, debt securities	84,646	86,610
Investment securities available-for-sale, debt securities gross unrealized holding gains	2,315	260
Investment securities available-for-sale, debt securities gross unrealized holding losses	(1)	(535)
Investment securities available-for-sale, debt securities amortized cost	82,332	86,885
Collateralized Debt Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, debt securities	71	79
Investment securities available-for-sale, debt securities gross unrealized holding losses	(14)	(6)
Investment securities available-for-sale, debt securities amortized cost	85	85
Corporate Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, debt securities	8,052	8,113
Investment securities available-for-sale, debt securities gross unrealized holding gains	56	103
Investment securities available-for-sale, debt securities gross unrealized holding losses	(9)
Investment securities available-for-sale, debt securities amortized cost	$ 8,005	$ 8,010

Note 6 - Investment Securitie_2

Note 6 - Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Due in one year or less, Fair value	$ 14,413
Due after one year through five years, Fair value	238,936
Due after five years through ten years, Fair value	40,467
Due after ten years, Fair value	33,509
Total investment securities available-for-sale, Fair value	327,325	$ 349,710
Due in one year or less, Amortized cost	14,202
Due after one year through five years, Amortized cost	233,534
Due after five years through ten years, Amortized cost	39,996
Due after ten years, Amortized cost	33,456
Investment securities available-for-sale, debt securities amortized cost	$ 321,188	$ 349,385

Note 6 - Investment Securitie_3

Note 6 - Investment Securities (Details Textual)	3 Months Ended
	Mar. 31, 2020USD ($)security	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Investment Securities [Line Items]
Proceeds from sale of investment securities	$ 5,975,000	$ 11,192,000
Available-for-sale securities pledged as collateral	$ 190,462,000		$ 205,016,000
Debt Securities, Available-for-sale, Restriction Type [Extensible List]	us-gaap:CollateralPledgedMember		us-gaap:CollateralPledgedMember
Investment equity securities	$ 9,417,000		$ 9,164,000
Proceeds from the sale of equity securities	0	358,000
Debt Securities [Member]
Investment Securities [Line Items]
Income tax expense (benefit) related to net realized gains (losses) on sales of securities	0	8,000
Other than temporary impairment, credit losses recognized in earnings	$ 0	0
PreTSL [Member]
Investment Securities [Line Items]
Number of trust preferred securities | security	1
Available-for-sale, amortized cost	$ 85,000
Fair value	71,000
Equity Securities [Member]
Investment Securities [Line Items]
Income tax expense (benefit) related to net recognized gains (losses) on sales of securities	$ (849,000)	$ 295,000

Note 6 - Realized Gain (Loss) o

Note 6 - Realized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Investments Debt And Equity Securities [Abstract]
Gross realized gains	$ 0	$ 20
Gross realized losses	0	(59)
Other-than-temporary impairment	0	0
Total net gains (losses) on AFS securities	$ 0	$ (39)

Note 6 - Debt Securities in a C

Note 6 - Debt Securities in a Continuous Unrealized Loss Position (Details) $ in Thousands	Mar. 31, 2020USD ($)security	Mar. 31, 2019USD ($)security
Schedule Of Available For Sale Securities [Line Items]
No. of debt securities | security	36	174
Debt Securities in an unrealized loss position less than 12 months, fair value	$ 20,125	$ 84,182
Debt Securities in an unrealized loss position less than 12 months, unrealized losses	(494)	(287)
Debt Securities in an unrealized loss position 12 months or longer, fair value	813	101,044
Debt Securities in an unrealized loss position 12 months or longer, unrealized losses	(15)	(990)
Debt Securities in an unrealized loss position, fair value	20,938	185,226
Debt Securities in an unrealized loss position, unrealized losses	$ (509)	$ (1,277)
US Government Agencies Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of debt securities | security	1	36
Debt Securities in an unrealized loss position less than 12 months, fair value	$ 993	$ 28,857
Debt Securities in an unrealized loss position less than 12 months, unrealized losses	(7)	(141)
Debt Securities in an unrealized loss position 12 months or longer, fair value		20,427
Debt Securities in an unrealized loss position 12 months or longer, unrealized losses		(72)
Debt Securities in an unrealized loss position, fair value	993	49,284
Debt Securities in an unrealized loss position, unrealized losses	$ (7)	$ (213)
US States and Political Subdivisions Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of debt securities | security	30	7
Debt Securities in an unrealized loss position less than 12 months, fair value	$ 16,138	$ 2,431
Debt Securities in an unrealized loss position less than 12 months, unrealized losses	(478)	(14)
Debt Securities in an unrealized loss position 12 months or longer, fair value		515
Debt Securities in an unrealized loss position 12 months or longer, unrealized losses		(5)
Debt Securities in an unrealized loss position, fair value	16,138	2,946
Debt Securities in an unrealized loss position, unrealized losses	$ (478)	$ (19)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of debt securities | security		66
Debt Securities in an unrealized loss position less than 12 months, fair value		$ 28,482
Debt Securities in an unrealized loss position less than 12 months, unrealized losses		(50)
Debt Securities in an unrealized loss position 12 months or longer, fair value		52,398
Debt Securities in an unrealized loss position 12 months or longer, unrealized losses		(454)
Debt Securities in an unrealized loss position, fair value		80,880
Debt Securities in an unrealized loss position, unrealized losses		$ (504)
Collateralized Mortgage Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of debt securities | security	1	64
Debt Securities in an unrealized loss position less than 12 months, fair value		$ 24,412
Debt Securities in an unrealized loss position less than 12 months, unrealized losses		(82)
Debt Securities in an unrealized loss position 12 months or longer, fair value	$ 742	27,625
Debt Securities in an unrealized loss position 12 months or longer, unrealized losses	(1)	(453)
Debt Securities in an unrealized loss position, fair value	742	52,037
Debt Securities in an unrealized loss position, unrealized losses	$ (1)	$ (535)
Collateralized Debt Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of debt securities | security	1	1
Debt Securities in an unrealized loss position less than 12 months, fair value	$ 0	$ 0
Debt Securities in an unrealized loss position less than 12 months, unrealized losses	0	0
Debt Securities in an unrealized loss position 12 months or longer, fair value	71	79
Debt Securities in an unrealized loss position 12 months or longer, unrealized losses	(14)	(6)
Debt Securities in an unrealized loss position, fair value	71	79
Debt Securities in an unrealized loss position, unrealized losses	$ (14)	(6)
Corporate Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of debt securities | security	3
Debt Securities in an unrealized loss position less than 12 months, fair value	$ 2,994
Debt Securities in an unrealized loss position less than 12 months, unrealized losses	(9)	$ 0
Debt Securities in an unrealized loss position, fair value	2,994
Debt Securities in an unrealized loss position, unrealized losses	$ (9)

Note 6 - Summary of Unrealized

Note 6 - Summary of Unrealized and Realized Gains and Losses Recognized in Net Income on Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Equity Securities [Abstract]
Net (loss) gains recognized during the period on equity securities	$ (2,940)	$ 1,021
Less: Net gains recognized during the period on equity securities sold during the period		45
Net unrealized (losses) gains recognized during the reporting period on equity securities still held at the reporting date	$ (2,940)	$ 976

Note 7 - Restricted Investmen_2

Note 7 - Restricted Investment in Stocks (Details Textual)	3 Months Ended
	Mar. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)	Jun. 28, 2018
Investment Holdings [Line Items]
Restricted investment in stocks	$ 1,000,000	$ 1,073,000
Other than temporary impairment charge of restricted investment	0
Investment in Federal Home Loan Bank Stock [Member]
Investment Holdings [Line Items]
Restricted investment in stocks	988,000
Investment in Atlantic Community Bankers Bank Stock [Member]
Investment Holdings [Line Items]
Restricted investment in stocks	12,000
VISA Class B Stock [Member]
Investment Holdings [Line Items]
Restricted investment in stocks	$ 0
Number of shares owned | shares	6,502
VISA Class A Stock [Member]
Investment Holdings [Line Items]
Conversion factor per share			1.6298

Note 8 - Major Classes of Loans

Note 8 - Major Classes of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	$ 821,129	$ 820,419
Net unearned costs	154	197
Loans receivable	821,283	820,616
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	164,071	168,031
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	47,634	56,209
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	351,550	336,050
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	70,652	72,443
State and Political Subdivisions Portfolio Segment [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	38,248	38,376
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	6,232	6,530
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	70,284	69,469
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	$ 72,458	$ 73,311

Note 8 - Loans & Allowance fo_3

Note 8 - Loans & Allowance for Loan Losses (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)loancontract	Mar. 31, 2019USD ($)contract	Dec. 31, 2019USD ($)
Accounts Notes And Loans Receivable [Line Items]
Bank overdrafts	$ 238,000		$ 224,000
Number of newly identified TDRs during the current period | contract	0
Loans and leases receivable, impaired, commitment to lend	$ 13,000		0
Financing receivables, impaired, troubled debt restructuring, write-down	$ 0	$ 0
Financing receivable, modifications, subsequent default, number of contracts | contract	0	0
Performing Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing receivable, modifications, recorded investment	$ 4,727,000		4,760,000
Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing receivable, modifications, recorded investment	$ 1,044,000		$ 1,131,000
Residential Portfolio Segment [Member]
Accounts Notes And Loans Receivable [Line Items]
Mortgage loan on real estate number of loan in foreclosure | loan	4
Mortgage loans in process of foreclosure, amount	$ 454,000
Residential Portfolio Segment [Member] | Maximum [Member]
Accounts Notes And Loans Receivable [Line Items]
Loan to value ratio	80.00%
Residential Buildings and Dwellings [Member] | Credit Concentration Risk [Member]
Accounts Notes And Loans Receivable [Line Items]
Concentration of loans to lessors percentage of total loans	15.60%		16.60%
Nonresidential Buildings [Member] | Credit Concentration Risk [Member]
Accounts Notes And Loans Receivable [Line Items]
Concentration of loans to lessors percentage of total loans	19.60%		18.30%

Note 8 - Internal Risk Ratings

Note 8 - Internal Risk Ratings and Payment Activity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	$ 821,129	$ 820,419
Excluding Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	672,155	671,109
Pass [Member] | Excluding Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	650,380	648,527
Special Mention [Member] | Excluding Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	6,602	6,660
Substandard [Member] | Excluding Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	15,173	15,922
Doubtful [Member] | Excluding Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	164,071	168,031
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	47,634	56,209
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	351,550	336,050
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	70,652	72,443
Commercial Portfolio Segment [Member] | Pass [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	154,860	158,247
Commercial Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	47,634	56,209
Commercial Portfolio Segment [Member] | Pass [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	340,594	324,936
Commercial Portfolio Segment [Member] | Pass [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	69,044	70,759
Commercial Portfolio Segment [Member] | Special Mention [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	3,610	3,665
Commercial Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] | Special Mention [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	2,992	2,995
Commercial Portfolio Segment [Member] | Special Mention [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] | Substandard [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	5,601	6,119
Commercial Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] | Substandard [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	7,964	8,119
Commercial Portfolio Segment [Member] | Substandard [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	1,608	1,684
Commercial Portfolio Segment [Member] | Doubtful [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
State and Political Subdivisions Portfolio Segment [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	38,248	38,376
State and Political Subdivisions Portfolio Segment [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	38,248	38,376
State and Political Subdivisions Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
State and Political Subdivisions Portfolio Segment [Member] | Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
State and Political Subdivisions Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	$ 0	$ 0

Note 8 - Retail Loans by Credit

Note 8 - Retail Loans by Credit Quality (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	$ 821,129	$ 820,419
Total Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	148,974	149,310
Performing Financial Instruments [Member] | Total Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	147,564	147,998
Nonperforming Financial Instruments [Member] | Total Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	1,410	1,312
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	6,232	6,530
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	70,284	69,469
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	72,458	73,311
Retail Portfolio Segment [Member] | Performing Financial Instruments [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	6,061	6,391
Retail Portfolio Segment [Member] | Performing Financial Instruments [Member] | Family Residential Mortgages [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	69,720	68,833
Retail Portfolio Segment [Member] | Performing Financial Instruments [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	71,783	72,774
Retail Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	171	139
Retail Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Family Residential Mortgages [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	564	636
Retail Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	$ 675	$ 537

Note 8 - Past Due Loans (Detail

Note 8 - Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	$ 10,822	$ 6,960
Loans current	810,307	813,459
Loans and leases receivable	821,129	820,419
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	5,469	1,994
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	1,311	804
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	4,042	4,162
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	4,473	2,064
Loans current	159,598	165,967
Loans and leases receivable	164,071	168,031
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	2,630	0
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	100	58
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	1,743	2,006
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
Loans current	47,634	56,209
Loans and leases receivable	47,634	56,209
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	2,973	1,527
Loans current	348,577	334,523
Loans and leases receivable	351,550	336,050
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	332	0
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	1,121	0
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	1,520	1,527
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	343	429
Loans current	70,309	72,014
Loans and leases receivable	70,652	72,443
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	252	208
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	12	79
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	79	142
State and Political Subdivisions Portfolio Segment [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
Loans current	38,248	38,376
Loans and leases receivable	38,248	38,376
State and Political Subdivisions Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
State and Political Subdivisions Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
State and Political Subdivisions Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	239	100
Loans current	5,993	6,430
Loans and leases receivable	6,232	6,530
Retail Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	121	29
Retail Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	31	71
Retail Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	87	0
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	2,566	2,491
Loans current	67,718	66,978
Loans and leases receivable	70,284	69,469
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	2,108	1,486
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	573
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	458	432
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	228	349
Loans current	72,230	72,962
Loans and leases receivable	72,458	73,311
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	26	271
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	47	23
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	$ 155	$ 55

Note 8 - Non-accrual Loans (Det

Note 8 - Non-accrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	$ 0	$ 0
Loans receivable	11,134	11,704
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	5,379	5,901
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	0	0
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	3,556	3,640
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	789	851
State and Political Subdivisions Portfolio Segment [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	0	0
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	171	139
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	564	636
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	$ 675	$ 537

Note 8 - Allowance for Loan Los

Note 8 - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	$ 9,887	$ 8,834
Provision for (credit to) loan losses	500	225
Charge-offs	(92)	(82)
Recoveries	39	38
Allowance for loan losses, end of period	10,334	9,015
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	4,689	3,092
Provision for (credit to) loan losses	(41)	(16)
Charge-offs	0	0
Recoveries	9	7
Allowance for loan losses, end of period	4,657	3,083
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	590	551
Provision for (credit to) loan losses	(304)	51
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses, end of period	286	602
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	2,519	2,824
Provision for (credit to) loan losses	767	5
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses, end of period	3,286	2,829
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	629	754
Provision for (credit to) loan losses	(40)	(1)
Charge-offs	0	(31)
Recoveries	19	21
Allowance for loan losses, end of period	608	743
State and Political Subdivisions Portfolio Segment [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	115	153
Provision for (credit to) loan losses	19	37
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses, end of period	134	190
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	230	164
Provision for (credit to) loan losses	130	28
Charge-offs	(92)	(35)
Recoveries	10	9
Allowance for loan losses, end of period	278	166
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	549	497
Provision for (credit to) loan losses	111	3
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses, end of period	660	500
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	310	338
Provision for (credit to) loan losses	22	18
Charge-offs	0	(16)
Recoveries	1	1
Allowance for loan losses, end of period	333	341
Unallocated Financing Receivables [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	256	461
Provision for (credit to) loan losses	(164)	100
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses, end of period	$ 92	$ 561

Note 8 - Loans by Loan Class Mo

Note 8 - Loans by Loan Class Modified as TDRs and Remodified TDRS (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)contract	Mar. 31, 2019USD ($)contract
Financing Receivable Modifications [Line Items]
Number of contracts | contract	0	1
Pre-modification outstanding recorded investment	$ 0	$ 12
Post-modification outstanding recorded investment	$ 0	$ 12
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Modifications [Line Items]
Number of contracts | contract	0	0
Pre-modification outstanding recorded investment	$ 0	$ 0
Post-modification outstanding recorded investment	$ 0	$ 0
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Financing Receivable Modifications [Line Items]
Number of contracts | contract	0	1
Pre-modification outstanding recorded investment	$ 0	$ 12
Post-modification outstanding recorded investment	$ 0	$ 12

Note 8 - Loans Disaggregated by

Note 8 - Loans Disaggregated by Impairment Method (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	$ 10,334	$ 9,887	$ 9,015	$ 8,834
Allowance for loan losses - individually evaluated for impairment	3,548	3,566
Allowance for loan losses - collectively evaluated for impairment	6,694	6,065
Loans and leases receivable	821,129	820,419
Loans - individually evaluated for impairment	16,221	16,860
Loans - collectively evaluated for impairment	804,908	803,559
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	4,657	4,689	3,083	3,092
Allowance for loan losses - individually evaluated for impairment	3,143	3,307
Allowance for loan losses - collectively evaluated for impairment	1,514	1,382
Loans and leases receivable	164,071	168,031
Loans - individually evaluated for impairment	5,516	6,027
Loans - collectively evaluated for impairment	158,555	162,004
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	286	590	602	551
Allowance for loan losses - individually evaluated for impairment	0	0
Allowance for loan losses - collectively evaluated for impairment	286	590
Loans and leases receivable	47,634	56,209
Loans - collectively evaluated for impairment	47,634	56,209
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	3,286	2,519	2,829	2,824
Allowance for loan losses - individually evaluated for impairment	358	217
Allowance for loan losses - collectively evaluated for impairment	2,928	2,302
Loans and leases receivable	351,550	336,050
Loans - individually evaluated for impairment	7,061	7,172
Loans - collectively evaluated for impairment	344,489	328,878
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	608	629	743	754
Allowance for loan losses - individually evaluated for impairment	25	31
Allowance for loan losses - collectively evaluated for impairment	583	598
Loans and leases receivable	70,652	72,443
Loans - individually evaluated for impairment	2,003	2,082
Loans - collectively evaluated for impairment	68,649	70,361
State and Political Subdivisions Portfolio Segment [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	134	115	190	153
Allowance for loan losses - individually evaluated for impairment	0	0
Allowance for loan losses - collectively evaluated for impairment	134	115
Loans and leases receivable	38,248	38,376
Loans - individually evaluated for impairment	0	0
Loans - collectively evaluated for impairment	38,248	38,376
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	278	230	166	164
Allowance for loan losses - individually evaluated for impairment	9	11
Allowance for loan losses - collectively evaluated for impairment	269	219
Loans and leases receivable	6,232	6,530
Loans - individually evaluated for impairment	67	69
Loans - collectively evaluated for impairment	6,165	6,461
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	660	549	500	497
Allowance for loan losses - collectively evaluated for impairment	660	549
Loans and leases receivable	70,284	69,469
Loans - individually evaluated for impairment	883	955
Loans - collectively evaluated for impairment	69,401	68,514
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	333	310	341	338
Allowance for loan losses - individually evaluated for impairment	13	0
Allowance for loan losses - collectively evaluated for impairment	320	310
Loans and leases receivable	72,458	73,311
Loans - individually evaluated for impairment	691	555
Loans - collectively evaluated for impairment	71,767	72,756
Unallocated Financing Receivables [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	$ 92	$ 256	$ 561	$ 461

Note 8 - Impaired Loans (Detail

Note 8 - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	$ 7,540		$ 8,082
Unpaid principal balance - with no specific allowance	8,795		9,352
Recorded investment - with an allowance	8,681		8,778
Unpaid principal balance - with an allowance	10,289		10,344
Related allowance	3,548		3,566
Unpaid principal balance	19,084		19,696
Recorded investment	16,221		16,860
Average recorded investment	16,412	$ 13,567
Interest income recognized	66	64
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	643		901
Unpaid principal balance - with no specific allowance	921		1,258
Recorded investment - with an allowance	4,873		5,126
Unpaid principal balance - with an allowance	6,372		6,577
Related allowance	3,143		3,307
Unpaid principal balance	7,293		7,835
Recorded investment	5,516		6,027
Average recorded investment	5,710	4,298
Interest income recognized	2	3
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	0
Unpaid principal balance - with no specific allowance	0
Recorded investment - with an allowance	0		0
Unpaid principal balance - with an allowance	0		0
Related allowance	0		0
Unpaid principal balance	0		0
Recorded investment	0		0
Average recorded investment	0	0
Interest income recognized	0	0
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	3,631		3,735
Unpaid principal balance - with no specific allowance	4,285		4,362
Recorded investment - with an allowance	3,430		3,437
Unpaid principal balance - with an allowance	3,492		3,495
Related allowance	358		217
Unpaid principal balance	7,777		7,857
Recorded investment	7,061		7,172
Average recorded investment	7,124	6,011
Interest income recognized	43	48
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	1,879		1,936
Unpaid principal balance - with no specific allowance	2,082		2,110
Recorded investment - with an allowance	124		146
Unpaid principal balance - with an allowance	153		193
Related allowance	25		31
Unpaid principal balance	2,235		2,303
Recorded investment	2,003		2,082
Average recorded investment	2,039	1,749
Interest income recognized	18	10
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance			555
Unpaid principal balance - with no specific allowance			612
Recorded investment - with an allowance	67		69
Unpaid principal balance - with an allowance	78		79
Related allowance	9		11
Unpaid principal balance	78		691
Recorded investment	67		624
Average recorded investment	68	76
Interest income recognized	0	0
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	883
Unpaid principal balance - with no specific allowance	945
Recorded investment - with an allowance	0		0
Unpaid principal balance - with an allowance	0		0
Related allowance	0		0
Unpaid principal balance	945		0
Recorded investment	883		0
Average recorded investment	885	1,257
Interest income recognized	3	3
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	504		955
Unpaid principal balance - with no specific allowance	562		1,010
Recorded investment - with an allowance	187		0
Unpaid principal balance - with an allowance	194		0
Related allowance	13		0
Unpaid principal balance	756		1,010
Recorded investment	691		$ 955
Average recorded investment	586	176
Interest income recognized	$ 0	$ 0

Note 9 - Financial Assets Measu

Note 9 - Financial Assets Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	$ 327,325	$ 349,710
Equity securities	9,417	9,164
US Government Agencies Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	31,074	69,298
US States and Political Subdivisions Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	62,838	50,781
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	140,644	134,829
Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	84,646	86,610
Pooled Trust Preferred Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	71	79
Corporate Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	8,052	8,113
Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset fair value measurements	336,742	358,874
Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset fair value measurements	5,293	5,219
Nonrecurring [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset fair value measurements	5,133	5,212
Nonrecurring [Member] | Mortgage Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset fair value measurements	160	7
Fair Value, Inputs, Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity securities	9,417	9,164
Fair Value, Inputs, Level 1 [Member] | Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset fair value measurements	9,417	9,164
Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	327,254	349,631
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	31,074	69,298
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	62,838	50,781
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	140,644	134,829
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	84,646	86,610
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	8,052	8,113
Fair Value, Inputs, Level 2 [Member] | Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset fair value measurements	327,254	349,631
Fair Value, Inputs, Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	71	79
Fair Value, Inputs, Level 3 [Member] | Pooled Trust Preferred Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt securities available-for-sale	71	79
Fair Value, Inputs, Level 3 [Member] | Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset fair value measurements	71	79
Fair Value, Inputs, Level 3 [Member] | Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset fair value measurements	5,293	5,219
Fair Value, Inputs, Level 3 [Member] | Nonrecurring [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset fair value measurements	5,133	5,212
Fair Value, Inputs, Level 3 [Member] | Nonrecurring [Member] | Mortgage Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset fair value measurements	$ 160	$ 7

Note 9 - Fair Value Measureme_3

Note 9 - Fair Value Measurements and Disclosures (Details Textual)	3 Months Ended
	Mar. 31, 2020USD ($)securityissuer	Mar. 31, 2019USD ($)
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Number of underlying issuers | issuer	3
Expected credit losses or prepayments	$ 0
Swap rate period	30 years
Measurement Input, Discount Rate [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Discount rate	0.0509
Fair Value, Inputs, Level 3 [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, gain (loss) included in earnings	$ 0	$ 0
Fair Value, Inputs, Level 3 [Member] | Collateralized Debt Obligations [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Number of trust preferred securities | security	1
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, gain (loss) included in earnings	$ 0

Note 9 - Quantitative Informati

Note 9 - Quantitative Information about Assets Measured at Fair Value (Details) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset fair value measurements		$ 5,293	$ 5,219
Nonrecurring [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset fair value measurements		5,133	5,212
Nonrecurring [Member] | Mortgage Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset fair value measurements		160	7
Fair Value, Inputs, Level 3 [Member] | Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset fair value measurements		5,293	5,219
Fair Value, Inputs, Level 3 [Member] | Nonrecurring [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset fair value measurements		5,133	5,212
Fair Value, Inputs, Level 3 [Member] | Nonrecurring [Member] | Mortgage Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset fair value measurements		$ 160	$ 7
Fair Value, Inputs, Level 3 [Member] | Appraisal Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value liquidation inputs	[1],[2]	(10.00%)	(10.00%)
Fair Value, Inputs, Level 3 [Member] | Appraisal Valuation Technique [Member] | Measurement Input, Comparability Adjustment [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs	[2],[3]	(0.05)	(0.05)
Fair Value, Inputs, Level 3 [Member] | Appraisal Valuation Technique [Member] | Measurement Input, Comparability Adjustment [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs	[2],[3]	(0.40)	(0.40)
Fair Value, Inputs, Level 3 [Member] | Appraisal Valuation Technique [Member] | Nonrecurring [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset fair value measurements	[2]	$ 3,628	$ 4,655
Fair Value, Inputs, Level 3 [Member] | Market Approach Valuation Technique [Member] | Minimum [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs	[4]	(20.00%)	(30.00%)
Fair Value, Inputs, Level 3 [Member] | Market Approach Valuation Technique [Member] | Maximum [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs	[4]	(100.00%)	(100.00%)
Fair Value, Inputs, Level 3 [Member] | Market Approach Valuation Technique [Member] | Nonrecurring [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset fair value measurements	[4]	$ 1,469	$ 521
Fair Value, Inputs, Level 3 [Member] | Used Commercial Vehicle Guides Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs	[5]	(30.00%)	(30.00%)
Fair Value, Inputs, Level 3 [Member] | Used Commercial Vehicle Guides Valuation Technique [Member] | Nonrecurring [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset fair value measurements	[5]	$ 36	$ 36
Fair Value, Inputs, Level 3 [Member] | Discounted Cash Flow Valuation Technique [Member] | Measurement Input, Expected Term [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value expected term		2 years	2 years
Fair Value, Inputs, Level 3 [Member] | Discounted Cash Flow Valuation Technique [Member] | Measurement Input, Expected Term [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value expected term		26 years	27 years
Fair Value, Inputs, Level 3 [Member] | Discounted Cash Flow Valuation Technique [Member] | Measurement Input, Discount Rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs		12.00%
Fair Value, Inputs, Level 3 [Member] | Discounted Cash Flow Valuation Technique [Member] | Measurement Input, Discount Rate [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs			12.00%
Fair Value, Inputs, Level 3 [Member] | Discounted Cash Flow Valuation Technique [Member] | Measurement Input, Discount Rate [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs			12.50%
Fair Value, Inputs, Level 3 [Member] | Discounted Cash Flow Valuation Technique [Member] | Nonrecurring [Member] | Mortgage Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset fair value measurements		$ 160	$ 7
[1]	Appraisals and pending agreements of sale are adjusted by management for estimated liquidation expenses. The range is presented as a percent of the initial appraised value.
[2]	Fair value is primarily determined through appraisals of the underlying collateral by independent parties, which generally includes various level 3 inputs which are not always identifiable.
[3]	Appraisals may be adjusted by management for qualitative factors such as economic conditions and the age of the appraisal. The range is presented as a percent of the initial appraised value.
[4]	Values obtained from financial statements for UCC collateral (fixed assets and inventory) are discounted to estimated realizable liquidation value.
[5]	If lendable value (lower than wholesale) is utilized then no additional discounts are taken. If lendable value is not provided, additional discounts are applied.

Note 9 - Available-for-sale Sec

Note 9 - Available-for-sale Securities Measured at Fair Value Using Significant Unobservable Inputs (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, January 1,	$ 79	$ 116
Payments received	0	0
Included in earnings	0	0
Included in other comprehensive (loss) income	(8)	(4)
Transfers in and/or out of Level 3	0	0
Balance, March 31,	$ 71	$ 112

Note 9 - Financial and Off-bala

Note 9 - Financial and Off-balance Sheet Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 46,489	$ 17,608
Equities	9,417	9,164
Available-for-sale	327,325	349,710
Restricted investment in stocks	1,000	1,073
Loans held-for-sale	216	977
Net loans	810,949	810,729
Mortgage servicing rights	438	441
Accrued interest receivable	3,023	2,828
Deposits	1,043,521	1,037,860
Short-term borrowings	43,265	55,931
Long-term debt	10,000
Accrued interest payable	507	909
Cash and cash equivalents	46,489	17,608
Restricted investment in stocks	1,000	1,073
Loans held-for-sale	224	997
Net loans	847,848	825,295
Mortgage servicing rights	458	551
Accrued interest receivable	3,023	2,828
Short-term borrowings	43,265	55,931
Long-term debt	10,225
Accrued interest payable	507	909
Fair Value, Inputs, Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Equities	9,417	9,164
Cash and cash equivalents	46,489	17,608
Short-term borrowings	43,265	55,931
Fair Value, Inputs, Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Available-for-sale	327,254	349,631
Restricted investment in stocks	1,000	1,073
Loans held-for-sale	224	997
Accrued interest receivable	3,023	2,828
Long-term debt	10,225
Accrued interest payable	507	909
Fair Value, Inputs, Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Available-for-sale	71	79
Net loans	847,848	825,295
Mortgage servicing rights	458	551
Standby Letters of Credit [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Commitments to extend credit	42	47
Standby Letters of Credit [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Commitments to extend credit	42	47
With No Stated Maturities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Deposits	828,446	802,284
Deposits	828,446	802,284
With No Stated Maturities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Deposits	828,446	802,284
With Stated Maturities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Deposits	215,075	235,576
Deposits	217,689	235,557
With Stated Maturities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Deposits	$ 217,689	$ 235,557

Note 10 - Financial Instrument

Note 10 - Financial Instrument Commitments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Commitments And Contingencies Disclosure [Line Items]
Commitments to extend credit and unused lines of credit	$ 310,821	$ 284,792
Commitments to Extend Credit [Member]
Commitments And Contingencies Disclosure [Line Items]
Commitments to extend credit and unused lines of credit	299,530	273,088
Standby Letters of Credit [Member]
Commitments And Contingencies Disclosure [Line Items]
Commitments to extend credit and unused lines of credit	$ 11,291	$ 11,704

Note 10 - Commitments and Con_3

Note 10 - Commitments and Contingencies (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
	Mar. 31, 2020	Sep. 30, 2019
Commitments And Contingencies Disclosure [Line Items]
Standby letters of credit		$ 10,009,000
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 1,086,000
Maximum [Member]
Commitments And Contingencies Disclosure [Line Items]
Standby letters of credit expiration period		1 year
Lessee leasing arrangements, operating leases, renewal term	10 years
Minimum [Member]
Commitments And Contingencies Disclosure [Line Items]
Lessee leasing arrangements, operating leases, renewal term	5 years

Note 11 - Capital Ratios and Re

Note 11 - Capital Ratios and Regulatory Minimum Requirements (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
The Company [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital	$ 130,164	$ 130,412
Tier 1 capital	119,757	120,452
Common equity tier 1 capital	119,757	120,452
Tier 1 leverage capital	$ 119,757	$ 120,452
Capital to risk-weighted assets	13.87%	13.82%
Tier 1 capital to risk-weighted assets	12.76%	12.76%
Common equity tier 1 capital to risk-weighted assets	12.76%	12.76%
Tier 1 leverage capital to average assets	9.80%	9.78%
Capital required for capital adequacy	$ 75,059	$ 75,498
Tier 1 capital required for capital adequacy	56,294	56,624
Common equity tier 1 capital required for capital adequacy	42,220	42,468
Tier 1 leverage capital required for capital adequacy	$ 48,859	$ 49,283
Capital required for capital adequacy to risk-weighted assets	8.00%	8.00%
Tier 1 capital required for capital adequacy to risk-weighted assets	6.00%	6.00%
Common equity tier 1 capital required for capital adequacy to risk-weighted assets	4.50%	4.50%
Tier 1 leverage capital required for capital adequacy to average assets	4.00%	4.00%
Capital required to be well capitalized	$ 93,823	$ 94,373
Tier 1 capital required to be well capitalized	$ 56,294	$ 56,624
Capital required to be well capitalized to risk-weighted assets	10.00%	10.00%
Tier 1 capital required to be well capitalized to risk-weighted assets	6.00%	6.00%
Bank [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital	$ 120,148	$ 118,389
Tier 1 capital	109,741	108,429
Common equity tier 1 capital	109,741	108,429
Tier 1 leverage capital	$ 109,741	$ 108,429
Capital to risk-weighted assets	13.20%	12.93%
Tier 1 capital to risk-weighted assets	12.06%	11.84%
Common equity tier 1 capital to risk-weighted assets	12.06%	11.84%
Tier 1 leverage capital to average assets	9.07%	8.89%
Capital required for capital adequacy	$ 72,816	$ 73,270
Tier 1 capital required for capital adequacy	54,612	54,952
Common equity tier 1 capital required for capital adequacy	40,959	41,241
Tier 1 leverage capital required for capital adequacy	$ 48,372	$ 48,804
Capital required for capital adequacy to risk-weighted assets	8.00%	8.00%
Tier 1 capital required for capital adequacy to risk-weighted assets	6.00%	6.00%
Common equity tier 1 capital required for capital adequacy to risk-weighted assets	4.50%	4.50%
Tier 1 leverage capital required for capital adequacy to average assets	4.00%	4.00%
Capital required to be well capitalized	$ 91,019	$ 91,587
Tier 1 capital required to be well capitalized	72,816	73,270
Common equity tier 1 capital required to be well capitalized	59,163	59,532
Tier 1 leverage capital required to be well capitalized	$ 60,465	$ 61,005
Capital required to be well capitalized to risk-weighted assets	10.00%	10.00%
Tier 1 capital required to be well capitalized to risk-weighted assets	8.00%	8.00%
Common equity tier 1 capital required to be well capitalized to risk-weighted assets	6.50%	6.50%
Tier 1 leverage capital required to be well capitalized to average assets	5.00%	5.00%