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Quaint Oak Bancorp, Inc. announced first quarter earnings with a 55.1% increase in net income compared to the same period last year. The company sold its interest in two subsidiary companies for better productivity, reducing losses. There was a significant reduction in loans held for sale, resulting in a realignment of the balance sheet. Non-performing loans increased, but remain manageable. The Board declared a dividend of $0.13 per share for the first quarter. Total assets increased to $775.5 million, with improvements in total deposits and stockholders' equity.