Quaint Oak Bancorp, Inc. reported a net income of $272,000 for the quarter ended June 30, 2025, a significant increase from the same period in 2024. Despite challenges in the housing market, the bank’s mortgage banking company improved in performance, with SBA production on target and commercial loan sales more productive.

The bank’s asset quality ratios have improved, with non-performing assets at 0.89% of total assets and non-performing loans at 1.10% of total loans receivable, net as of June 30, 2025. The Texas Ratio is reported at 9.24% for the same period, showing a positive trend in asset quality for Quaint Oak Bancorp, Inc.

Quaint Oak Bancorp, Inc.’s total assets decreased by 2.1% to $670.8 million at June 30, 2025, primarily due to decreases in cash and cash equivalents, loans held for sale, and investment securities. However, the bank saw increases in loans receivable and other assets, highlighting a shift in the bank’s financial landscape over the past year.

The bank’s net interest income increased to $4,505,000 for the quarter ended June 30, 2025, driven by a decrease in interest expense and an increase in non-interest income. The bank’s provision for credit losses also increased, reflecting a focus on maintaining asset quality and managing risk in the current economic environment.

Read more at GlobeNewswire: QUAINT OAK BANCORP, INC. ANNOUNCES SECOND QUARTER EARNINGS