----

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| UNITED STATES                      |
|------------------------------------|
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, DC  20549    |
|                               |
| FORM 10-Q/A(Amendment No. 1)       |
| (Mark One)                         |
| [X]                           | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 |

| For the quarterly period ended: | March 31, 2011 |   |
|---------------------------------|----------------|--------|
|  OR                        |

| [  ]  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 |
|-----------------|-----------------------------------------------------------------------------------------|

| For the transition period from |   |   |  to |   |   |
|--------------------------------|--------|--------|----------|--------|--------|

| Commission file number: | 000-52694 |   |
|-------------------------|-----------|--------|

|                                                          |
|---------------------------------------------------------------|
| QUAINT OAK BANCORP, INC.                                      |
| (Exact name of registrant as specified in its charter)        |
|                                                          |
| Pennsylvania                                                  |   | 35-2293957 |
| (State or other jurisdiction ofincorporation or organization) |   | (IRS Employer Identification No.) |
|                                                          |
| 607 Lakeside Drive, Southampton, Pennsylvania 18966                                                                                                                                                                                                                                                                                                                                                                                                                    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (Address of principal executive offices)                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| (215) 364-4059                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (Registrant’s telephone number)                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   Not applicable                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (Former name, former address and former fiscal year, if changed since last report)                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  [X ]    No  [   ]                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes [   ]    No   [   ] |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):                                                                                                                                            |
| Large accelerated filer    [  ]                                                                                                                                                                                                                                                                                                                                                                                                               | Accelerated filer        [  ] |
| Non-accelerated filer      [  ]                                                                                                                                                                                                                                                                                                                                                                                                     | Smaller reporting company     [X] |
| (Do not check if a smaller reporting company)                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).     [  ] Yes   [X] No                                                                                                                                                                                                                                                                                    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:  As of May 13, 2011, 992,436 shares of common stock were issued and outstanding.                                                                                                                                                                                                                                     |

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|       |   |              | Page                                                           |
|------------|--------|-------------------|----------------------------------------------------------------|
| PART II    | -      | OTHER INFORMATION |                                                           |
|       |   |              |                                                           |
| Item 6:    |   | Exhibits          |   2                                                       |
|       |   |              |                                                           |
| SIGNATURES |   |              |            3 |

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|   | No.        |   | Description                                                             |
|--------|------------|--------|-------------------------------------------------------------------------|
|   | 31.1  |   | Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer  |
|   | 31.2  |   | Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer  |
|   | 32.0       |   | Certification Pursuant to 18 U.S.C Section 1350(1)                      |

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| Date:  | May 24, 2011 | By:    | /s/Robert T. Strong                   |
|-------------|-------------------|--------|---------------------------------------|
|        |              |   | Robert T. Strong                      |
|        |              |   | President and Chief Executive Officer |
|        |              |   |                                  |
|        |              |   |                                  |
| Date:       | May 24, 2011 | By:    | /s/John J. Augustine                  |
|        |              |   | John J. Augustine                     |
|        |              |   | Chief Financial Officer and Treasurer |