Aquesta Bank


19510 Jetton Road
Cornelius, NC 28031
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Notable Rates APY Vs.Others
Savings 0.10% 1.60% →
1-Year CD N.A. 1.55% →
2-Year CD N.A. 1.45% →
5-Year CD 0.70% 1.66% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Aquesta Bank is an FDIC insured institution located in Cornelius, NC. It was founded in 2006 and has approximately $0.52 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 58296
Date Established 2006
Assets $ 523.61 million
Loans $ 411.95 million
Deposits $ 421.08 million
Capital $ 53.15 million

For a more detailed analysis of Aquesta Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 1, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.10% $100 - Learn More
Money Market
0.49% $1 $199,999 Learn More
6 Mo CD
0.17% $20,000 - Learn More
48 Mo CD
0.65% $1,000 - Learn More
60 Mo CD
0.70% $1,000 - Learn More

Fixed IRA
0.30% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $100 $49,999 Learn MoreShow Less

Loan Rates - June 1, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Aquesta Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
First Internet Bank
NMLS ID: 424182
3.188% 3.125% 0.75 $2,020 $1,071 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Note to Aquesta Bank
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Financial Details

Aquesta Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Aquesta Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
Aquesta Bank U.S. Bank Average
2.09% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, Aquesta Bank had $1,192,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $53,146,000 in equity and $3,868,000 in loans loss reserves. That gives it a Texas Ratio of 2.09%.

Return on Equity
Aquesta Bank U.S. Bank Average
9.25% 9.41%

Aquesta Bank has a Return on Equity of 9.25% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Aquesta Bank U.S. Bank Average
10.15% 12.82%

Aquesta Bank has a Capitalization of 10.15% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Aquesta Bank Balance Sheet Analysis

As of December 31, 2019, Aquesta Bank had assets of $523,606,000, loans of $411,952,000, and deposits of $421,084,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
Cash & Balances due from depository institutions $ 17.73 million
Interest-bearing balances $ 7.59 million
Total securities $ 56.74 million
Federal funds sold and reverse repurchase $ 1.73 million
Net loans and leases $ 411.95 million
Loan loss allowance $ 3.87 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.03 million
All other assets $ 18.49 million
     Total Assets $ 470.46 million
Total deposits $ 421.08 million
      Interest-bearing deposits $ 283.17 million
      Deposits held in domestic offices $ 421.08 million
      % insured (estimated) 53.94%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 46.54 million
Subordinated debt N.A.
All other liabilities $ 2.84 million
      Total Liabilities $ 470.46 million
      Shareholders’ Equity $ 53.15 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 22.56 million
Total Interest Expense $ 5.96 million
Net interest income $ 16.60 million
Provision for loan and lease losses $ 0.34 million
Total non interest income $ 2.92 million
Total non interest expense $ 13.65 million
Pre-tax Net Operating Income $ 5.54 million

Bank Loan Profile?

The top three loan types in Aquesta Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in North Carolina, Aquesta Bank has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 16.68
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 13.61
Construction and Development Loans 15.19
Commercial Real Estate 52.31
Commercial and Industrial Loans 12.69
Farm Loans 0.00

Frequently Asked Questions About Aquesta Bank

Branches and Savings

Is Aquesta Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58296.

Why does Aquesta Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Aquesta Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Aquesta Bank a commercial bank?


Where are Aquesta Bank locations?

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Is Aquesta Bank open on Saturdays?

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Are Aquesta Bank ATMs Open 24/7?

Do Aquesta Bank ATMs accept cash deposits?

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Do Aquesta Bank branches have notaries?

Will Aquesta Bank notarize my document?

What address for Aquesta Bank should I put for incoming ACH transfers?

Will the Aquesta Bank branch print checks?

Do Aquesta Bank checks expire?

Does Aquesta Bank require US citizenship to open account?

Can Aquesta Bank close my account?

Does Aquesta Bank Report to credit bureaus?

Does Aquesta Bank Use Equifax?

What is Aquesta Bank's ACH Routing Number?

What is Aquesta Bank's SWIFT code?


Does Aquesta Bank offer mortgages?

Compare mortgage rates here.

Does Aquesta Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Aquesta Bank offer personal loans?

Compare personal loan rates here.

Does Aquesta Bank offer student loans?

Will Aquesta Bank cash a check?

Will Aquesta Bank redeem a savings bond?

Does Aquesta Bank cash savings bonds?

Will Aquesta Bank cash money orders?

Can Aquesta Bank issue a money order?

Does Aquesta Bank do currency exchange?

Background on The Bank

Who owns Aquesta Bank?

How long has Aquesta Bank been around?

Can Aquesta Bank transfer to other banks?

Does Aquesta Bank have quick pay?

Does Aquesta Bank accept rolled coins?

Will Aquesta Bank accept loose change?

Where is Aquesta Bank headquarters?

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