Aquesta Bank

19510 Jetton Road
Cornelius, NC 28031

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58296
Date Established 2006
Assets $0.35 billion
Loans $0.25 billion
Deposits $0.27 billion
Capital $0.03 billion

Aquesta Bank is an FDIC insured institution located in Cornelius, NC. It was founded in 2006 and has approximately $0.35 billion in assets. Customers can open an account at one of its 8 branches.

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.

Bank Loan Profile?

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

Compared to other banks in North Carolina, Aquesta Bank has a significantly higher percent of Small Business Loans, Commercial and Industrial Loans 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 22.57
Multifamily
Mortgages
3.89
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 17.35
Construction and Development Loans 11.17
Commercial Real Estate 45.36
Commercial and Industrial Loans 17.84
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
6 Mo CD 10K
0.17% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.25% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.10% $2,500 $25,000 Learn MoreShow Less
MM25K
0.25% $25,001 $200,000 Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
0.65% $2,500 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

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Branches

Aquesta Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Aquesta Bank Locations

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 BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Aquesta Bank U.S. Bank Average
5.89% 8.87%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of March 31, 2017, Aquesta Bank had $198,000 in non-current loans and $1,539,000 in owned real estate. To cover these potential losses it had $26,786,000 in equity and $2,690,000 in loans loss reserves. That gives it a Texas Ratio of 5.89%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Aquesta Bank U.S. Bank Average
7.79% 8.39%

Aquesta Bank has a Return on Equity of 7.79% versus the BestCashCow average of 8.39%. 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.

Capitalization
Aquesta Bank U.S. Bank Average
7.65% 11.94%

Aquesta Bank has a Capitalization of 7.65% versus the BestCashCow average of 11.94%. 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 March 31, 2017, Aquesta Bank had assets of $350,362,000, loans of $252,117,000, and deposits of $272,533,000. 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.

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