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 - April 27, 2024

SAVINGS RATES APY MIN
SAV
4.50% $0 Compare
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 $ 621.67 million
Loans $ 442.25 million
Deposits $ 522.50 million
Capital $ 79.17 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 137.97 million
Interest-bearing balances $ 136.64 million
Total securities $ 4.60 million
Federal funds sold and reverse repurchase $ 0.08 million
Net loans and leases $ 442.25 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 $ 542.50 million

LIABILITIES
Total deposits $ 522.50 million
      Interest-bearing deposits $ 511.68 million
      Deposits held in domestic offices $ 522.50 million
      % insured (estimated) 91.47%
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 $ 542.50 million
      Shareholders’ Equity $ 79.17 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 39.09 million
Total Interest Expense $ 16.41 million
Net interest income $ 22.69 million
Provision for loan and lease losses $ 0.23 million
Total non interest income $ 19.46 million
Total non interest expense $ 42.68 million
Pre-tax Net Operating Income N.A.


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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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Quontic Bank Locations