Quontic Bank

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Deposit Rates - March 1, 2021

SAVINGS RATES APY MIN MAX
SAV
0.55% $100 - Compare
CD RATES APY MIN MAX
6 Mo CD
0.60% $500 - Compare
12 Mo CD
0.65% $500 - Compare
24 Mo CD
0.70% $500 - Compare
36 Mo CD
0.75% $500 - Compare
MM RATES APY MIN MAX
Money Market
0.40% $150,000 - Compare

Overview 2021

General Bank Information

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

Summary Balance Sheet

ASSETS
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

LIABILITIES
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 millionn
      Total Liabilities $ 1,329.48 million
      Shareholders’ Equity $ 52.67 million

Summary Income Statement

INCOME AND EXPENSES
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

Quontic Bank is an FDIC insured institution headquartered at 1 Rockefeller Plz, New York, NY 10020.
It was founded in 2005 and has approximately $1 billion in assets. Customers can open an account at one of its 3 branches.