Quontic Bank


Quontic Bank is an FDIC insured institution headquartered at 3105 Broadway, Astoria, NY 11106.
It was founded in 2005 and has approximately $1 billion in assets. Customers can open an account at one of its 3 branches.

Deposit Rates - July 22, 2024

SAVINGS RATES APY MIN
MM RATES APY MIN
Money Market
5.00% $0 Compare
INT CHECKING RATES APY MIN
INTCK
1.10% $0

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57807
Date Established 2005
Assets $ 682.19 million
Loans $ 404.45 million
Deposits $ 586.54 million
Capital $ 79.75 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 236.68 million
Interest-bearing balances $ 235.34 million
Total securities $ 4.58 million
Federal funds sold and reverse repurchase $ 0.08 million
Net loans and leases $ 404.45 million
Loan loss allowance $ 0.48 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 33.94 million
     Total Assets $ 602.44 million

LIABILITIES
Total deposits $ 586.54 million
      Interest-bearing deposits $ 576.34 million
      Deposits held in domestic offices $ 586.54 million
      % insured (estimated) 92.13%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 55.23 million
Subordinated debt N.A.
All other liabilities $ 19.15 millionn
      Total Liabilities $ 602.44 million
      Shareholders’ Equity $ 79.75 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 10.39 million
Total Interest Expense $ 5.86 million
Net interest income $ 4.53 million
Provision for loan and lease losses N.A.
Total non interest income $ 5.23 million
Total non interest expense $ 10.35 million
Pre-tax Net Operating Income N.A.


*Should any logos, images or public notes appear on this page,they do so courtesy of Quontic Bank and are not subject to approval of RatesAndInfo.com. RatesAndInfo.com expressly disclaims all responsibility for this content.

Customer Reviews for Quontic Bank (1)

Rated 1.00 stars out of 5 - based on 1 reviews
  • I tried to open account and was rejected. Called and was treated worse than I could have imagined any bank ever treating anyone. These guys can go to hell.


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Branches

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Your current location is: Ashburn, VA

Quontic Bank Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE SAVINGS
    Bank
    -
    $50,000
    N.A.
    4.50%
    20.36x (National Avg. - 0.22%)
    $0
    -
    SCENARIO
    Year Rate
    4.50%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,250 1,575
    2 52,250 2,351 1,646
    3 54,601 2,457 1,720
    4 57,058 2,568 1,797
    5 59,626 2,683 1,878
    6 62,309 2,804 1,963
    7 65,113 2,930 2,051
    8 68,043 3,062 2,143
    9 71,105 3,200 2,240
    10 74,305 3,344 2,341
    11 77,648 3,494 2,446
    12 81,143 3,651 2,556
    13 84,794 3,816 2,671
    14 88,610 3,987 2,791
    15 92,597 4,167 2,917
    16 96,764 4,354 3,048
    17 101,119 4,550 3,185
    18 105,669 4,755 3,329
    19 110,424 4,969 3,478
    20 115,393 5,193 3,635
    TOTAL $70,586 $49,410
  • 2
    LOCAL SAVINGS
    Bank
    -
    $50,000
    N.A.
    5.30%
    23.98x (National Avg. - 0.22%)
    $10,000
    -
    SCENARIO
    Year Rate
    5.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,650 1,855
    2 52,650 2,790 1,953
    3 55,440 2,938 2,057
    4 58,379 3,094 2,166
    5 61,473 3,258 2,281
    6 64,731 3,431 2,402
    7 68,162 3,613 2,529
    8 71,774 3,804 2,663
    9 75,578 4,006 2,804
    10 79,584 4,218 2,953
    11 83,802 4,441 3,109
    12 88,243 4,677 3,274
    13 92,920 4,925 3,447
    14 97,845 5,186 3,630
    15 103,031 5,461 3,822
    16 108,491 5,750 4,025
    17 114,242 6,055 4,238
    18 120,296 6,376 4,463
    19 126,672 6,714 4,700
    20 133,386 7,069 4,949
    TOTAL $90,455 $63,319