Quontic Bank


1 Rockefeller Plz
New York, NY 10020
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD 0.65% 0.75% →
2-Year CD 0.70% 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Quontic Bank is an FDIC insured institution located in New York, NY. It was founded in 2005 and has approximately $1.38 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 57807
Date Established 2005
Assets $ 1,382.15 million
Loans $ 1,232.75 million
Deposits $ 424.65 million
Capital $ 52.67 million

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

Deposit Rates - January 21, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.40% $150,000 - Learn More
6 Month Online CD
0.60% $500 - Learn More
One-Year CD
0.65% $500 - Learn More
2-Year Online CD
0.70% $500 - Learn More
36 Month Online CD
0.75% $500 - Learn More

Bank Offers

Quontic Slashes Online Money Market Rate
Feb 20, 2020

Quontic Bank had been very competitive with its money market rate for deposits holding at 2.05% APY until now.   However, it has now slashed that rate to 1.76% APY.


Loan Rates - January 21, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Quontic 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 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
Morty, Inc.
NMLS ID: 1429243
2.480% 2.375% 1.00 $3,500 $972 Learn More
NMLS ID: 2890
License#: MC-3098
2.561% 2.500% 0.75 $2,005 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Quontic Bank
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Financial Details

Quontic Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Quontic 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
Quontic Bank U.S. Bank Average
6.46% 6.14%

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 September 30, 2020, Quontic Bank had $3,498,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $52,665,000 in equity and $1,517,000 in loans loss reserves. That gives it a Texas Ratio of 6.46%.

Return on Equity
Quontic Bank U.S. Bank Average
8.02% 9.23%

Quontic Bank has a Return on Equity of 8.02% versus the BestCashCow average of 9.23%. 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.

Quontic Bank U.S. Bank Average
3.81% 12.07%

Quontic Bank has a Capitalization of 3.81% versus the BestCashCow average of 12.07. 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.

Quontic Bank Balance Sheet Analysis

As of September 30, 2020, Quontic Bank had assets of $1,382,147,000, loans of $1,232,750,000, and deposits of $424,649,000. 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

September 30, 2020
Cash & Balances due from depository institutions $ 117.66 million
Interest-bearing balances $ 107.76 million
Total securities $ 6.13 million
Federal funds sold and reverse repurchase $ 1.43 million
Net loans and leases $ 1,232.75 million
Loan loss allowance $ 1.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.07 million
All other assets $ 16.26 million
     Total Assets $ 1,329.48 million
Total deposits $ 424.65 million
      Interest-bearing deposits $ 393.92 million
      Deposits held in domestic offices $ 424.65 million
      % insured (estimated) 69.90%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 899.65 million
Subordinated debt N.A.
All other liabilities $ 5.18 million
      Total Liabilities $ 1,329.48 million
      Shareholders’ Equity $ 52.67 million

Summary Income Statement

September 30, 2020
Total Interest Income $ 18.25 million
Total Interest Expense $ 5.81 million
Net interest income $ 12.43 million
Provision for loan and lease losses $ 0.47 million
Total non interest income $ 13.15 million
Total non interest expense $ 20.71 million
Pre-tax Net Operating Income $ 4.41 million

Bank Loan Profile?

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

Compared to other banks in New York, Quontic Bank has a significantly higher percent of 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 22.08
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 5.32
Commercial and Industrial Loans 70.96
Farm Loans 0.00

Frequently Asked Questions About Quontic Bank

Branches and Savings

Is Quontic Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57807.

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

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

Why are Quontic Bank CD rates not competitive?

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

Is Quontic Bank a commercial bank?


Where are Quontic Bank locations?

See branch locations nearby.

Is Quontic Bank open on Saturdays?

Is Quontic Bank open on Sundays?

What time does Quontic Bank open?

What time does Quontic Bank close?

Are Quontic Bank ATMs Open 24/7?

Do Quontic Bank ATMs accept cash deposits?

Can Quontic Bank customers use other ATMs?

Do Quontic Bank branches have notaries?

Will Quontic Bank notarize my document?

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

Will the Quontic Bank branch print checks?

Do Quontic Bank checks expire?

Does Quontic Bank require US citizenship to open account?

Can Quontic Bank close my account?

Does Quontic Bank Report to credit bureaus?

Does Quontic Bank Use Equifax?

What is Quontic Bank's ACH Routing Number?

What is Quontic Bank's SWIFT code?


Does Quontic Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Quontic Bank offer personal loans?

Compare personal loan rates here.

Does Quontic Bank offer student loans?

Will Quontic Bank cash a check?

Will Quontic Bank redeem a savings bond?

Does Quontic Bank cash savings bonds?

Will Quontic Bank cash money orders?

Can Quontic Bank issue a money order?

Does Quontic Bank do currency exchange?

Background on The Bank

Who owns Quontic Bank?

How long has Quontic Bank been around?

Can Quontic Bank transfer to other banks?

Does Quontic Bank have quick pay?

Does Quontic Bank accept rolled coins?

Will Quontic Bank accept loose change?

Where is Quontic Bank headquarters?

Customer Reviews for Quontic Bank

  • December 23, 2020 |

    Online CDs 12 Month Rates

    I aborted transaction a couple of weeks ago because got concerned about look-and-feel and responsiveness of website, and I have been getting spammed nonstop since then. The spamming is coming not just from them but they are clearly also selling my email address.

  • July 15, 2020 |

    My experience has been OK. Better than those of others. It is a local bank with an online presence and the rate always falls about 3 weeks after everybody else has dropped theirs.

  • September 14, 2019 |

    Online CDs 12 Month Rates

    This is a small diddly shit bank in Astoria Queens that is on the FDIC list of troubled banks and doesn't answer the phone. If you deposit a tiny amount of money, the FDIC will give you your money back the day after it fails but why waste your precious time.

  • August 29, 2019

    Online CDs 12 Month Rates

    i don't see a 2.65% CD...

  • August 18, 2019 |

    Good luck using their on-line banking system. It is anything BUT customer friendly, and even worse, does not work. So far I have wasted 4 days of my time and the interest I would have/could have/should have earned!

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