Aquesta Bank

Headquarters

19510 Jetton Road
Cornelius, NC 28031
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.50% 1.01% →
2-Year CD 0.60% 0.95% →
5-Year CD 0.70% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Aquesta Bank is an FDIC insured institution located in Cornelius, NC. It was founded in 2006 and has approximately $0.53 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 58296
Date Established 2006
Assets $ 525.86 million
Loans $ 400.49 million
Deposits $ 402.53 million
Capital $ 54.75 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 - October 23, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
Premium Money Market Account
0.49% $10,000 $14,999 Learn More
Premium Money Market Account
0.49% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.17% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.57% $10,000 $14,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.65% $10,000 $14,999 Learn More
48 Mo CD
0.65% $100,000 $199,999 Learn More
60 Mo CD
0.70% $10,000 $14,999 Learn More
60 Mo CD
0.70% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $1 $999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 23, 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Aquesta Bank
To upload and update your bank's rates please register. It is free to register and add rates.

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
14.87% 6.94%

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 March 31, 2020, Aquesta Bank had $8,220,000 in non-current loans and $536,000 in owned real estate. To cover these potential losses it had $54,748,000 in equity and $4,130,000 in loans loss reserves. That gives it a Texas Ratio of 14.87%.

Return on Equity
Aquesta Bank U.S. Bank Average
6.7% 7.80%

Aquesta Bank has a Return on Equity of 6.7% versus the BestCashCow average of 7.80%. 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
10.41% 12.68%

Aquesta Bank has a Capitalization of 10.41% versus the BestCashCow average of 12.68. 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, 2020, Aquesta Bank had assets of $525,856,000, loans of $400,494,000, and deposits of $402,529,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 36.26 million
Interest-bearing balances $ 3.98 million
Total securities $ 52.34 million
Federal funds sold and reverse repurchase $ 1.88 million
Net loans and leases $ 400.49 million
Loan loss allowance $ 4.13 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.54 million
Goodwill and other intangibles $ 0.03 million
All other assets $ 16.83 million
     Total Assets $ 471.11 million
LIABILITIES
Total deposits $ 402.53 million
      Interest-bearing deposits $ 287.43 million
      Deposits held in domestic offices $ 402.53 million
      % insured (estimated) 59.82%
Federal funds purchased and repurchase agreements $ 2.80 million
Trading liabilities N.A.
Other borrowed funds $ 63.40 million
Subordinated debt N.A.
All other liabilities $ 2.38 million
      Total Liabilities $ 471.11 million
      Shareholders’ Equity $ 54.75 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.68 million
Total Interest Expense $ 1.42 million
Net interest income $ 4.26 million
Provision for loan and lease losses $ 0.33 million
Total non interest income $ 0.65 million
Total non interest expense $ 3.43 million
Pre-tax Net Operating Income $ 1.15 million

Bank Loan Profile?

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

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

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 16.17
Multifamily
Mortgages
3.03
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 14.29
Construction and Development Loans 16.50
Commercial Real Estate 52.32
Commercial and Industrial Loans 12.81
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?

Yes

Where are Aquesta Bank locations?

See branch locations nearby.

Is Aquesta Bank open on Saturdays?

Is Aquesta Bank open on Sundays?

What time does Aquesta Bank open?

What time does Aquesta Bank close?

Are Aquesta Bank ATMs Open 24/7?

Do Aquesta Bank ATMs accept cash deposits?

Can Aquesta Bank customers use other ATMs?

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?

Products

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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