Quontic Bank

Headquarters

1 Rockefeller Plaza, 9th Flr.
New York, NY 10020
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.55% →
1-Year CD 1.11% 1.35% →
2-Year CD 1.11% 1.45% →
5-Year CD N.A. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Quontic Bank is an FDIC insured institution located in New York, NY. It was founded in 2005 and has approximately $0.39 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 57807
Date Established 2005
Assets $ 394.66 million
Loans $ 300.68 million
Deposits $ 318.87 million
Capital $ 40.66 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 - June 5, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
1.30% $150,000 - Learn More
CD Rates APY MIN MAX
One-Year CD
1.11% $1,000 - Learn More
2 Year CD
1.11% $1,000 - 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 - June 5, 2020

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 2020

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.019% 3.000% 0.25 $625 $1,055 Learn More

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

Branches

Quontic 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


Quontic Bank Locations


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
Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
Quontic Bank U.S. Bank Average
13.29% 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, Quontic Bank had $1,599,000 in non-current loans and $3,945,000 in owned real estate. To cover these potential losses it had $40,660,000 in equity and $1,052,000 in loans loss reserves. That gives it a Texas Ratio of 13.29%.

Return on Equity
Quontic Bank U.S. Bank Average
13.28% 9.41%

Quontic Bank has a Return on Equity of 13.28% 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.

Capitalization
Quontic Bank U.S. Bank Average
10.3% 12.82%

Quontic Bank has a Capitalization of 10.3% 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.

Quontic Bank Balance Sheet Analysis

As of December 31, 2019, Quontic Bank had assets of $394,658,000, loans of $300,678,000, and deposits of $318,868,000. 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
ASSETS
Cash & Balances due from depository institutions $ 66.26 million
Interest-bearing balances $ 63.97 million
Total securities $ 6.68 million
Federal funds sold and reverse repurchase $ 2.12 million
Net loans and leases $ 300.68 million
Loan loss allowance $ 1.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.95 million
Goodwill and other intangibles $ 2.10 million
All other assets $ 8.06 million
     Total Assets $ 354.00 million
LIABILITIES
Total deposits $ 318.87 million
      Interest-bearing deposits $ 285.40 million
      Deposits held in domestic offices $ 318.87 million
      % insured (estimated) 67.46%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 32.00 million
Subordinated debt N.A.
All other liabilities $ 3.13 million
      Total Liabilities $ 354.00 million
      Shareholders’ Equity $ 40.66 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 20.30 million
Total Interest Expense $ 7.15 million
Net interest income $ 13.15 million
Provision for loan and lease losses N.A.
Total non interest income $ 17.13 million
Total non interest expense $ 25.31 million
Pre-tax Net Operating Income $ 5.51 million

Bank Loan Profile?

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

Compared to other banks in New York, Quontic Bank has a significantly higher percent of 1-4 Family Residential 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 70.47
Multifamily
Mortgages
7.52
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 14.16
Construction and Development Loans 0.00
Commercial Real Estate 22.36
Commercial and Industrial Loans 0.72
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?

Yes

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?

Products

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


  • 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!

  • July 02, 2019

    We live in the state of Nevada. Can we purchase an $100,000 C. D. for 1 Year?

  • June 29, 2019

    CDs 12 Month Rates

    ok

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