QNTO — what changed in the latest 10-Q
A section-by-section comparison of QNTO's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +36 | −23 | ~20 | 11 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
Investment in Interest-Earning Time Deposits. Investment in interest-earning time deposits increase $100,000, or 11.0%, from $912,000 at December 31, 2025 to $1.0 million at June 30, 2026 due primarily to a purchase of these securities during the six months ended June 30, 2026.
Senior debt. Senior debt, net of unamortized debt issuance costs, increased $88,000 to $9.7 million at June 30, 2026 from $9.6 million at December 31, 2025, due to the change in unamortized debt issuance costs. The Company entered into a Senior Unsecured Note Purchase Agreement as of February 21, 20…
Subordinated debt. Subordinated debt totaled $8.0 million at both June 30, 2026 and December 31, 2025. The $8.0 million of subordinated debt matures on December 31, 2028.
Stockholders’ Equity. Total stockholders’ equity increased $644,000, or 1.2%, to $53.0 million at June 30, 2026 from $52.3 million at December 31, 2025. Contributing to the increase was net income for the six months ended June 30, 2026 of $647,000, amortization of stock awards and options under our …
Asset Quality. Non-performing loans at June 30, 2026 totaled $9.8 million, or 1.88%, of total loans receivable, net of allowance for credit losses, consisting of $8.4 million of loans on non-accrual status and $1.4 million of accruing loans 90-days or more delinquent. Non-accrual loans consist of tw…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Investment in Interest-Earning Time Deposits. Investment in interest-earning time deposits remained at $912,000 at both March 31, 2026 and December 31, 2025.
Borrowings. There were no Federal Home Loan Bank (FHLB) borrowings at March 31, 2026, or December 31, 2025.
Senior debt. Senior debt, net of unamortized debt issuance costs, increased $44,000 to $9.7 million at March 31, 2026 from $9.6 million at December 31, 2025. The Company entered into a Senior Unsecured Note Purchase Agreement as of February 21, 2025 with certain institutional accredited investors pu…
Subordinated debt. Subordinated debt remained at $8.0 million at March 31, 2026, from December 31, 2025. The $8.0 million of subordinated debt matures on December 31, 2028.
Stockholders’ Equity. Total stockholders’ equity increased $171,000, or 0.3%, to $52.5 million at March 31, 2026 from $52.3 million at December 31, 2025. Contributing to the increase was net income for the three months ended March 31, 2026 of $166,000, amortization of stock awards and options under …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice