Quaint Oak Bancorp Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, interest income was $1,494,000, net interest income was $1,059,000, income before income taxes was $226,000 and net income was $140,000 or $0.15 per diluted share against interest income of $1,435,000, net interest income of $984,000, income before income taxes of $289,000 and net income of $176,000 or $0.20 per diluted share for the same period a year ago. Tangible book value per share was $17.32 against 16.36 for the same period a year ago. The decrease in net income on a comparative quarterly basis was primarily the result of an increase in non-interest expense of $305,000, offset by increases in net interest income of $75,000 and non-interest income of $148,000, and decreases in the provision for loan losses of $19,000 and the provision for income taxes of $27,000. The increase in interest income was primarily due to a $13.4 million increase in average loans receivable, net, including loans held for sale, which increased from an average balance of $78.6 million for the three months ended March 31, 2012 to an average balance of $92.0 million for the three months ended March 31, 2013.

Quaint Oak Bancorp Inc, Board Meeting, Apr 10, 2013. Agenda: To declare quarterly cash dividend of $0.05 per share on the common stock of the company.

Quaint Oak Bancorp Inc. announced that its board of directors at their meeting on April 10, 2013, declared a quarterly cash dividend of $0.05 per share on the common stock of the company payable on May 6, 2013, to the shareholders of record at the close of business on April 22, 2013.