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 - November 21, 2024

SAVINGS RATES APY MIN
SAV
4.25% $0 Compare
MM RATES APY MIN
Money Market
5.00% $100 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 $ 621.27 million
Loans $ 487.99 million
Deposits $ 512.35 million
Capital $ 79.82 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 89.30 million
Interest-bearing balances $ 88.88 million
Total securities $ 4.61 million
Federal funds sold and reverse repurchase $ 0.08 million
Net loans and leases $ 487.99 million
Loan loss allowance $ 0.57 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 $ 541.45 million

LIABILITIES
Total deposits $ 512.35 million
      Interest-bearing deposits $ 502.57 million
      Deposits held in domestic offices $ 512.35 million
      % insured (estimated) 91.35%
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 $ 541.45 million
      Shareholders’ Equity $ 79.82 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 21.03 million
Total Interest Expense $ 11.56 million
Net interest income $ 9.47 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 10.81 million
Total non interest expense $ 20.70 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