Quontic Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 2549004XJQQPBYQSMT39

Tax ID: 20-2097129

1 stars - out of 5 stars, based on 63 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Quontic Bank is a small bank specializing in Home Purchase loans. Quontic Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include New York, Miami, Los Angeles, San Francisco, and Philadelphia among others. Quontic Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Quontic Bank is typically a high fee lendor.


Originations

4,003

Origination Dollar Volume (All Markets)

$1,829,745,000

Employee count

353

Relative Rate

Quontic Bank's average 30 year fixed rate mortgage of loans were 5.32%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 2.17%.

Relative Fees

Quontic Bank's average total fees for a 30 year fixed rate mortgage are $14,373.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1,531 $788,965,000 $515,327 $15,710 4.98%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 386 $181,470,000 $470,130 $14,371 5.25%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 111 $86,645,000 $780,586 $18,778 5.67%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 56 $52,890,000 $944,464 $20,579 5.61%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 142 $37,580,000 $264,648 $10,794 5.48%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 74 $36,620,000 $494,865 $15,425 5.47%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 62 $33,710,000 $543,710 $14,599 5.55%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 52 $24,050,000 $462,500 $13,107 5.51%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 52 $23,630,000 $454,423 $14,276 5.60%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 17 $21,655,000 $1,273,824 $21,098 5.84%
Outside of Metro Areas 68 $18,720,000 $275,294 $11,175 5.65%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 36 $18,360,000 $510,000 $15,638 5.67%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 44 $18,280,000 $415,455 $13,740 5.44%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 36 $17,790,000 $494,167 $15,062 5.57%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 45 $17,575,000 $390,556 $13,269 5.69%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 51 $17,315,000 $339,510 $12,375 5.47%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 22 $16,500,000 $750,000 $16,249 5.80%
URBAN HONOLULU, HI (FHA|USDA|VA) 23 $14,025,000 $609,783 $16,265 5.74%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 43 $13,895,000 $323,140 $11,730 5.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 24 $13,590,000 $566,250 $16,061 5.70%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 45 $12,935,000 $287,444 $10,482 5.63%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 37 $12,155,000 $328,514 $12,356 5.62%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 37 $11,295,000 $305,270 $10,863 5.56%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 30 $9,450,000 $315,000 $10,982 5.61%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 32 $8,930,000 $279,063 $12,125 5.61%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 16 $8,890,000 $555,625 $17,925 5.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 18 $8,510,000 $472,778 $17,510 5.69%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 25 $8,325,000 $333,000 $12,883 5.09%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 14 $7,580,000 $541,429 $15,660 5.68%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 34 $6,990,000 $205,588 $9,276 5.76%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 9 $6,515,000 $723,889 $17,150 5.81%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 14 $6,280,000 $448,571 $13,293 5.34%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 20 $6,110,000 $305,500 $10,341 5.19%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $6,060,000 $757,500 $19,976 5.61%
JACKSONVILLE, FL (FHA|USDA|VA) 15 $6,045,000 $403,000 $11,730 5.53%
PORT ST. LUCIE, FL (FHA|USDA|VA) 14 $6,010,000 $429,286 $16,752 5.17%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 22 $5,860,000 $266,364 $11,216 4.95%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 11 $5,555,000 $505,000 $16,186 5.65%
Hilo, HI (FHA|USDA|VA) 6 $5,260,000 $876,667 $27,340 5.69%
RENO, NV (FHA|USDA|VA) 5 $5,135,000 $1,027,000 $18,647 5.95%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 16 $5,030,000 $314,375 $10,930 5.52%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 22 $4,880,000 $221,818 $9,335 5.86%
OKLAHOMA CITY, OK (FHA|USDA|VA) 20 $4,750,000 $237,500 $8,688 5.38%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 23 $4,595,000 $199,783 $9,681 5.57%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 14 $4,490,000 $320,714 $12,020 5.56%
EAST STROUDSBURG, PA (FHA|USDA|VA) 20 $4,040,000 $202,000 $8,564 5.19%
RALEIGH-CARY, NC (FHA|USDA|VA) 12 $4,000,000 $333,333 $8,552 5.15%
Key West, FL (FHA|USDA|VA) 7 $3,865,000 $552,143 $21,035 5.70%
Edwards, CO (FHA|USDA|VA) 2 $3,600,000 $1,800,000 $0 5.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $3,425,000 $380,556 $12,001 5.11%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 14 $3,400,000 $242,857 $10,395 5.73%
SALT LAKE CITY, UT (FHA|USDA|VA) 4 $3,360,000 $840,000 $23,773 5.78%
SPRINGFIELD, MA (FHA|USDA|VA) 11 $3,345,000 $304,091 $10,607 5.31%
KINGSTON, NY (FHA|USDA|VA) 11 $3,335,000 $303,182 $12,925 5.42%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 13 $2,985,000 $229,615 $8,027 5.45%
SALEM, OR (FHA|USDA|VA) 6 $2,920,000 $486,667 $14,742 5.75%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $2,910,000 $727,500 $24,177 5.53%
STOCKTON, CA (FHA|USDA|VA) 8 $2,860,000 $357,500 $12,830 5.53%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $2,815,000 $938,333 $22,160 5.63%
WORCESTER, MA-CT (FHA|USDA|VA) 9 $2,745,000 $305,000 $9,808 5.46%
VALLEJO, CA (FHA|USDA|VA) 5 $2,705,000 $541,000 $15,138 5.40%
Sandpoint, ID (FHA|USDA|VA) 6 $2,700,000 $450,000 $11,779 5.96%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $2,670,000 $1,335,000 $11,570 6.13%
Clearlake, CA (FHA|USDA|VA) 7 $2,595,000 $370,714 $11,546 5.59%
Vineyard Haven, MA (FHA|USDA|VA) 3 $2,495,000 $831,667 $24,491 5.21%
SALISBURY, MD-DE (FHA|USDA|VA) 4 $2,470,000 $617,500 $14,951 5.38%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 5 $2,385,000 $477,000 $15,110 5.63%
BANGOR, ME (FHA|USDA|VA) 12 $2,290,000 $190,833 $8,210 5.77%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 9 $2,275,000 $252,778 $8,800 5.43%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $2,265,000 $323,571 $9,502 5.39%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $2,215,000 $2,215,000 $38,009 6.38%
FRESNO, CA (FHA|USDA|VA) 7 $2,195,000 $313,571 $10,990 5.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 7 $2,175,000 $310,714 $9,747 5.82%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $2,165,000 $721,667 $26,269 4.88%
BOISE CITY, ID (FHA|USDA|VA) 4 $2,090,000 $522,500 $13,106 5.81%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 5 $2,085,000 $417,000 $13,652 5.53%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $2,070,000 $517,500 $12,327 5.63%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 8 $2,030,000 $253,750 $9,065 5.02%
JACKSON, MS (FHA|USDA|VA) 4 $2,020,000 $505,000 $15,199 5.44%
Augusta-Waterville, ME (FHA|USDA|VA) 8 $2,020,000 $252,500 $10,122 5.56%
PUNTA GORDA, FL (FHA|USDA|VA) 7 $1,985,000 $283,571 $12,892 5.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 7 $1,935,000 $276,429 $12,904 5.70%
WINSTON-SALEM, NC (FHA|USDA|VA) 7 $1,915,000 $273,571 $9,007 5.41%
COLORADO SPRINGS, CO (FHA|USDA|VA) 5 $1,845,000 $369,000 $11,826 5.58%
MODESTO, CA (FHA|USDA|VA) 4 $1,710,000 $427,500 $14,240 4.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $1,705,000 $243,571 $10,243 5.73%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $1,700,000 $850,000 $19,105 5.81%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 11 $1,645,000 $149,545 $10,931 5.44%
OCALA, FL (FHA|USDA|VA) 7 $1,585,000 $226,429 $10,327 5.82%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,555,000 $518,333 $20,805 6.17%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $1,540,000 $256,667 $10,775 5.46%
READING, PA (FHA|USDA|VA) 5 $1,515,000 $303,000 $9,106 4.65%
BAKERSFIELD, CA (FHA|USDA|VA) 5 $1,485,000 $297,000 $11,705 5.80%
COLUMBUS, OH (FHA|USDA|VA) 6 $1,470,000 $245,000 $8,922 5.06%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 6 $1,460,000 $243,333 $8,167 4.54%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $1,455,000 $207,857 $9,852 5.61%
PITTSBURGH, PA (FHA|USDA|VA) 7 $1,445,000 $206,429 $8,912 5.48%
PITTSFIELD, MA (FHA|USDA|VA) 5 $1,435,000 $287,000 $9,714 5.30%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $1,405,000 $281,000 $8,460 5.65%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $1,375,000 $458,333 $12,213 5.96%
WENATCHEE, WA (FHA|USDA|VA) 2 $1,340,000 $670,000 $12,843 5.44%
Aberdeen, WA (FHA|USDA|VA) 1 $1,335,000 $1,335,000 $18,734 5.75%
Torrington, CT (FHA|USDA|VA) 5 $1,335,000 $267,000 $8,656 4.93%
Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $1,330,000 $665,000 $14,017 5.94%
BINGHAMTON, NY (FHA|USDA|VA) 9 $1,325,000 $147,222 $8,655 5.53%
PROVO-OREM, UT (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $39,458 5.75%
Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $1,255,000 $418,333 $13,357 5.67%
ST. GEORGE, UT (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $30,351 6.25%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $1,165,000 $233,000 $8,952 5.43%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $1,150,000 $575,000 $15,458 5.75%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 3 $1,115,000 $371,667 $15,960 5.46%
MADERA, CA (FHA|USDA|VA) 3 $1,105,000 $368,333 $9,166 5.58%
LANCASTER, PA (FHA|USDA|VA) 5 $1,095,000 $219,000 $10,346 5.50%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $1,030,000 $257,500 $10,537 5.66%
TUCSON, AZ (FHA|USDA|VA) 2 $940,000 $470,000 $8,274 4.44%
Centralia, WA (FHA|USDA|VA) 2 $910,000 $455,000 $15,106 5.50%
Ukiah, CA (FHA|USDA|VA) 1 $905,000 $905,000 $19,952 5.63%
GAINESVILLE, GA (FHA|USDA|VA) 3 $905,000 $301,667 $9,586 5.67%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $865,000 $288,333 $8,801 5.58%
CORVALLIS, OR (FHA|USDA|VA) 2 $860,000 $430,000 $15,334 5.56%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 4 $860,000 $215,000 $10,330 5.53%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $860,000 $215,000 $9,513 5.72%
Alexander City, AL (FHA|USDA|VA) 2 $820,000 $410,000 $13,705 5.50%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $815,000 $271,667 $9,574 5.54%
Lebanon, NH-VT (FHA|USDA|VA) 3 $815,000 $271,667 $9,272 5.79%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $810,000 $405,000 $8,390 5.88%
Amsterdam, NY (FHA|USDA|VA) 2 $810,000 $405,000 $11,672 5.25%
Concord, NH (FHA|USDA|VA) 3 $785,000 $261,667 $7,444 5.63%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $775,000 $258,333 $11,090 5.63%
TULSA, OK (FHA|USDA|VA) 4 $770,000 $192,500 $9,208 5.22%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $735,000 $245,000 $9,282 5.17%
Boone, NC (FHA|USDA|VA) 1 $725,000 $725,000 $0 6.99%
Kapaa, HI (FHA|USDA|VA) 1 $705,000 $705,000 $27,922 5.88%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $680,000 $170,000 $8,863 5.47%
Stephenville, TX (FHA|USDA|VA) 1 $635,000 $635,000 $15,456 6.38%
UTICA-ROME, NY (FHA|USDA|VA) 3 $635,000 $211,667 $8,102 4.42%
Whitewater, WI (FHA|USDA|VA) 1 $615,000 $615,000 $9,136 6.25%
WILMINGTON, NC (FHA|USDA|VA) 2 $600,000 $300,000 $8,447 5.44%
GLENS FALLS, NY (FHA|USDA|VA) 3 $595,000 $198,333 $8,027 5.42%
LEBANON, PA (FHA|USDA|VA) 2 $590,000 $295,000 $11,487 5.50%
GAINESVILLE, FL (FHA|USDA|VA) 2 $590,000 $295,000 $11,071 5.75%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $590,000 $295,000 $13,011 5.31%
ROCHESTER, NY (FHA|USDA|VA) 4 $570,000 $142,500 $6,963 5.88%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $570,000 $285,000 $8,237 4.69%
LONGVIEW, WA (FHA|USDA|VA) 2 $560,000 $280,000 $10,023 5.94%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $560,000 $280,000 $7,235 5.69%
Payson, AZ (FHA|USDA|VA) 2 $550,000 $275,000 $12,511 5.75%
Crescent City, CA (FHA|USDA|VA) 1 $535,000 $535,000 $8,452 6.63%
BLOOMINGTON, IN (FHA|USDA|VA) 2 $520,000 $260,000 $8,314 5.13%
SALINAS, CA (FHA|USDA|VA) 1 $515,000 $515,000 $19,250 6.00%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $510,000 $255,000 $8,434 5.56%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 2 $510,000 $255,000 $9,028 5.69%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $510,000 $255,000 $7,465 4.25%
BEND, OR (FHA|USDA|VA) 1 $505,000 $505,000 $16,599 5.88%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $470,000 $235,000 $11,254 5.81%
Glenwood Springs, CO (FHA|USDA|VA) 1 $465,000 $465,000 $0 3.13%
JACKSONVILLE, NC (FHA|USDA|VA) 3 $465,000 $155,000 $7,816 5.67%
SYRACUSE, NY (FHA|USDA|VA) 2 $460,000 $230,000 $9,169 5.50%
Sonora, CA (FHA|USDA|VA) 2 $460,000 $230,000 $8,222 5.69%
VISALIA, CA (FHA|USDA|VA) 1 $455,000 $455,000 $18,143 5.38%
RACINE, WI (FHA|USDA|VA) 1 $455,000 $455,000 $7,336 5.75%
Nogales, AZ (FHA|USDA|VA) 1 $445,000 $445,000 $10,797 5.75%
RICHMOND, VA (FHA|USDA|VA) 2 $440,000 $220,000 $6,440 4.56%
LAKE CHARLES, LA (FHA|USDA|VA) 2 $430,000 $215,000 $6,839 4.56%
Outside of Metro Areas 1 $425,000 $425,000 $10,707 5.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $420,000 $210,000 $6,914 4.56%
GREENVILLE, NC (FHA|USDA|VA) 1 $405,000 $405,000 $12,011 5.00%
WACO, TX (FHA|USDA|VA) 2 $400,000 $200,000 $9,287 5.69%
FLINT, MI (FHA|USDA|VA) 2 $400,000 $200,000 $9,093 5.00%
Branson, MO (FHA|USDA|VA) 1 $395,000 $395,000 $11,188 5.75%
MUSKEGON, MI (FHA|USDA|VA) 1 $395,000 $395,000 $7,032 3.50%
REDDING, CA (FHA|USDA|VA) 1 $385,000 $385,000 $12,986 5.63%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $385,000 $385,000 $11,970 5.88%
Jefferson, GA (FHA|USDA|VA) 2 $380,000 $190,000 $0 5.50%
KNOXVILLE, TN (FHA|USDA|VA) 2 $380,000 $190,000 $8,151 5.38%
BATON ROUGE, LA (FHA|USDA|VA) 2 $370,000 $185,000 $8,444 5.19%
Laconia, NH (FHA|USDA|VA) 1 $365,000 $365,000 $10,591 5.50%
GRANTS PASS, OR (FHA|USDA|VA) 1 $355,000 $355,000 $10,734 6.00%
Elk City, OK (FHA|USDA|VA) 1 $345,000 $345,000 $9,551 5.75%
Bennington, VT (FHA|USDA|VA) 1 $345,000 $345,000 $4,777 3.25%
CaƱon City, CO (FHA|USDA|VA) 1 $345,000 $345,000 $10,431 5.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $345,000 $345,000 $7,476 5.75%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $310,000 $155,000 $8,783 5.69%
TOLEDO, OH (FHA|USDA|VA) 2 $310,000 $155,000 $6,899 5.13%
Helena, MT (FHA|USDA|VA) 1 $305,000 $305,000 $5,640 5.88%
EL CENTRO, CA (FHA|USDA|VA) 2 $300,000 $150,000 $8,205 5.56%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $290,000 $145,000 $7,850 5.63%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $285,000 $285,000 $8,795 5.75%
ABILENE, TX (FHA|USDA|VA) 1 $285,000 $285,000 $12,215 4.88%
Lake City, FL (FHA|USDA|VA) 1 $285,000 $285,000 $9,863 5.63%
LONGVIEW, TX (FHA|USDA|VA) 1 $275,000 $275,000 $9,523 5.75%
Paducah, KY-IL (FHA|USDA|VA) 1 $275,000 $275,000 $9,352 5.63%
Stillwater, OK (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.00%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 2 $270,000 $135,000 $7,367 5.69%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $270,000 $135,000 $7,045 5.63%
AKRON, OH (FHA|USDA|VA) 2 $270,000 $135,000 $5,849 5.69%
Cookeville, TN (FHA|USDA|VA) 1 $265,000 $265,000 $10,994 5.63%
PEORIA, IL (FHA|USDA|VA) 1 $265,000 $265,000 $9,261 4.88%
Pahrump, NV (FHA|USDA|VA) 1 $255,000 $255,000 $12,367 6.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $255,000 $255,000 $6,633 5.38%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $255,000 $255,000 $8,333 6.00%
Sheridan, WY (FHA|USDA|VA) 1 $255,000 $255,000 $7,226 5.75%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $255,000 $255,000 $10,875 5.88%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $235,000 $235,000 $9,025 5.38%
Hudson, NY (FHA|USDA|VA) 1 $235,000 $235,000 $10,843 6.00%
CHEYENNE, WY (FHA|USDA|VA) 1 $235,000 $235,000 $8,186 5.50%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $235,000 $235,000 $10,417 6.00%
ANN ARBOR, MI (FHA|USDA|VA) 2 $230,000 $115,000 $5,787 6.25%
MEDFORD, OR (FHA|USDA|VA) 1 $225,000 $225,000 $7,290 5.25%
FARMINGTON, NM (FHA|USDA|VA) 1 $225,000 $225,000 $11,129 5.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $225,000 $225,000 $11,306 5.50%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $225,000 $225,000 $7,606 6.00%
PUEBLO, CO (FHA|USDA|VA) 1 $215,000 $215,000 $10,901 6.00%
JACKSON, TN (FHA|USDA|VA) 1 $215,000 $215,000 $8,540 5.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $215,000 $215,000 $8,045 5.88%
Red Bluff, CA (FHA|USDA|VA) 1 $215,000 $215,000 $9,296 5.25%
ITHACA, NY (FHA|USDA|VA) 1 $205,000 $205,000 $6,860 3.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.75%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $205,000 $205,000 $7,804 5.38%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $7,870 6.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $195,000 $195,000 $8,132 5.75%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $195,000 $195,000 $8,839 6.13%
Greenwood, SC (FHA|USDA|VA) 1 $175,000 $175,000 $7,236 5.75%
Berlin, NH (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.25%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $175,000 $175,000 $8,378 5.13%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $6,250 5.63%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $175,000 $175,000 $9,040 4.50%
ERIE, PA (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.75%
Newberry, SC (FHA|USDA|VA) 1 $165,000 $165,000 $8,649 6.38%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.88%
Batavia, NY (FHA|USDA|VA) 1 $165,000 $165,000 $9,648 5.75%
FOND DU LAC, WI (FHA|USDA|VA) 1 $155,000 $155,000 $7,113 6.00%
St. Marys, GA (FHA|USDA|VA) 1 $155,000 $155,000 $7,971 5.75%
DOVER, DE (FHA|USDA|VA) 1 $155,000 $155,000 $8,881 5.00%
Elizabeth City, NC (FHA|USDA|VA) 1 $155,000 $155,000 $7,943 5.75%
Weatherford, OK (FHA|USDA|VA) 1 $155,000 $155,000 $5,238 6.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $155,000 $155,000 $9,163 5.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $145,000 $145,000 $5,786 6.25%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $145,000 $145,000 $4,978 3.25%
DALTON, GA (FHA|USDA|VA) 1 $145,000 $145,000 $7,783 4.75%
Gloversville, NY (FHA|USDA|VA) 1 $135,000 $135,000 $5,383 6.00%
Mayfield, KY (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.63%
Ardmore, OK (FHA|USDA|VA) 1 $135,000 $135,000 $6,181 5.38%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $135,000 $135,000 $8,012 6.00%
Auburn, IN (FHA|USDA|VA) 1 $125,000 $125,000 $4,891 6.00%
NEW BERN, NC (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.38%
SAGINAW, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.88%
ASHEVILLE, NC (FHA|USDA|VA) 1 $125,000 $125,000 $5,652 5.63%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.13%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $125,000 $125,000 $6,600 5.00%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $125,000 $125,000 $6,258 5.88%
Oneonta, NY (FHA|USDA|VA) 1 $115,000 $115,000 $8,206 4.75%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.25%
Van Wert, OH (FHA|USDA|VA) 1 $115,000 $115,000 $5,892 5.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $115,000 $115,000 $5,072 5.38%
Silver City, NM (FHA|USDA|VA) 1 $115,000 $115,000 $7,134 5.38%
PANAMA CITY, FL (FHA|USDA|VA) 1 $115,000 $115,000 $7,205 5.50%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $105,000 $105,000 $6,814 6.00%

Quontic Bank's top markets include New York, Miami, Los Angeles, San Francisco, and Philadelphia among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,890 $1,780,140,000 $457,620 $14,203 5.36%
FHA 112 $49,150,000 $438,839 $15,418 3.13%
VA 1 $455,000 $455,000 $20,744 2.38%

For the 2021 period, Quontic Bank's most frequently originated loan type of loans were Conventional, with 3,890 originations. Their 2nd most popular type is FHA, with 112 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 3,213 $1,420,825,000 $442,211 $14,169 5.32%
Cash Out Refi 361 $217,995,000 $603,864 $16,658 5.31%
Other 225 $96,585,000 $429,267 $13,231 5.63%
Refi 202 $93,670,000 $463,713 $12,316 4.51%
Home Improvement 2 $670,000 $335,000 $10,462 4.81%

For the 2021, Quontic Bank's most frequently cited loan purpose of loans were Home Purchase, with 3,213 originations. The 2nd most popular reason of loans were Cash Out Refi, with 361 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,895 $1,795,805,000 $461,054 $14,373 5.32%
15 Year 94 $28,080,000 $298,723 $9,425 4.77%
Other 8 $3,360,000 $420,000 $11,227 3.82%
20 Year 6 $2,500,000 $416,667 $6,079 3.19%

For the 2021, Quontic Bank's most frequently cited loan length of loans were 30 Year, with 3,895 originations. The 2nd most popular length of loans were 15 Year, with 94 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 2,836 $1,430,210,000 $504,305
$3k-4k 348 $79,590,000 $228,707
$1k-2k 139 $55,995,000 $402,842
$2k-3k 69 $22,305,000 $323,261
$<1k 36 $15,840,000 $440,000

$14,373 of loans were Quontic Bank's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 2,836 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
5-6% 2,671 $1,226,125,000 $459,051
4-5% 475 $214,495,000 $451,568
6-7% 382 $176,350,000 $461,649
3-4% 334 $154,400,000 $462,275
2.5-3% 130 $54,790,000 $421,462
<2.5% 10 $3,380,000 $338,000
7-8% 1 $205,000 $205,000

During 2021, Quontic Bank's average interest rate of loans were 5.32%, while their most frequently originated rate bucket of loans were 5-6%, with 2,671 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,548 $458,260,000 $296,034 $10,883 5.29%
$400k-600k 1,030 $500,940,000 $486,350 $15,095 5.10%
$100k-200k 664 $103,030,000 $155,166 $7,733 5.54%
$600k-1MM 487 $361,495,000 $742,290 $20,456 5.26%
$1MM+ 262 $404,920,000 $1,545,496 $32,736 5.56%
$100,000 or less 12 $1,100,000 $91,667 $5,671 5.33%

2021 saw Quontic Bank place emphasis on $200k-400k loans with 1,548 originations, totaling $458,260,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 577 $235,355,000 $407,894 $12,773 4.77%
$150k-250k 449 $220,715,000 $491,570 $15,027 5.06%
$75k-100k 382 $123,450,000 $323,168 $10,620 4.69%
$250k+ 367 $306,135,000 $834,155 $22,414 5.18%
$50k-75k 202 $51,090,000 $252,921 $8,375 4.60%
$50k or less 47 $9,105,000 $193,723 $6,479 4.68%

Quontic Bank lent most frequently to those with incomes in the $100k-150k range, with 577 originations. The second most popular income band? $150k-250k, with 449 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 439 $207,775,000 $473,292 $14,425 5.04%
20-30% 405 $187,815,000 $463,741 $14,010 5.16%
<20% 221 $96,905,000 $438,484 $14,193 5.30%
39% 94 $45,520,000 $484,255 $15,275 5.20%
38% 92 $47,690,000 $518,370 $15,024 4.80%
37% 89 $43,335,000 $486,910 $14,603 5.05%
42% 83 $34,975,000 $421,386 $11,868 4.70%
36% 83 $40,075,000 $482,831 $15,274 4.96%
40% 75 $34,595,000 $461,267 $12,852 4.98%
41% 74 $35,690,000 $482,297 $13,134 4.84%
44% 56 $23,640,000 $422,143 $11,235 4.41%
50-60% 54 $25,070,000 $464,259 $15,517 3.19%
43% 54 $24,870,000 $460,556 $12,158 4.30%
45% 49 $22,995,000 $469,286 $12,893 4.26%
46% 48 $22,460,000 $467,917 $12,925 4.14%
48% 40 $19,170,000 $479,250 $12,128 4.15%
47% 34 $17,440,000 $512,941 $15,271 3.93%
49% 33 $15,615,000 $473,182 $10,909 3.57%

Quontic Bank lent most frequently to those with DTI ratios of 30-36%, with 439 originations. The next most common DTI ratio? 20-30%, with 405 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,775 $855,215,000 $481,811 $14,507 5.26%
Asian 1,501 $632,195,000 $421,183 $13,747 5.30%
Not provided 389 $185,395,000 $476,594 $14,887 5.56%
Black 188 $79,480,000 $422,766 $14,178 4.95%
Not applicable 107 $58,765,000 $549,206 $0 5.52%
Native Hawaiian 23 $11,615,000 $505,000 $15,744 5.27%
American Indian 20 $7,080,000 $354,000 $11,368 5.24%

Approval Rates

Total approvals of all applications
93.18%

Quontic Bank has an average approval rate.

Pick Rate

Approvals leading to origination
73.40%

Quontic Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 4,003 $1,829,745,000 $457,093

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
4,003 $1,829,745,000 $457,093

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 138 $53,500,000 $387,681 $12,084 5.24%
40-60% 540 $249,760,000 $462,519 $13,839 5.16%
60-80% 2,881 $1,313,455,000 $455,902 $14,596 5.48%
80-100% 423 $204,195,000 $482,730 $13,423 4.22%
Over 100% 1 $455,000 $455,000 $20,744 2.38%
Under 20% 20 $8,380,000 $419,000 $12,340 5.33%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Quontic Bank 1 Rockefeller Plz, Fl 9 New York, NY 10020 Full Service B&M $0
Quontic Bank 31-05 Broadway Astoria, NY 11106 Full Service B&M $0
Quontic Bank 31-05 Broadway Astoria, NY 11106 Full Service B&M $545,955

For 2021, Quontic Bank had 3 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $36,688
Net interest income $29,692
Total noninterest income $99,726
Gross Fiduciary activities income $0
Service charges on deposit accounts $21
Trading account gains and fees $0
Additional Noninterest Income $99,705
Pre-tax net operating income $72,984
Securities gains (or losses, -) $0
Income before extraordinary items $50,969
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $50,969
Minority interest net income $0
Net income $50,969
Sale, conversion, retirement of capital stock, net $0
Net operating income $50,969

Quontic Bank's gross interest income from loans was $36,688,000.
Quontic Bank's net interest income from loans was $29,692,000.
Quontic Bank's fee based income from loans was $21,000.
Quontic Bank's net income from loans was $50,969,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $6,996
Provision for credit losses $-1,032
Total noninterest expense $57,466
Salaries and employee benefits $30,283
Premises and equipment expense $4,596
Additional noninterest expense $22,587
Applicable income taxes $22,015
Net charge-offs $-112
Cash dividends $0

Quontic Bank's interest expense for loans was $6,996,000.
Quontic Bank's payroll and benefits expense were $30,283,000.
Quontic Bank's property, plant and equipment expenses $4,596,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 1.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 7.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $570,832
Deposits held in domestic offices $570,832
Deposits by Individuals, partnerships, and corporations $549,716
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $18,132
Deposits by Commercial banks and other depository institutions in U.S. $2,984
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $70,785
Demand deposits $20,718
Nontransaction accounts $500,047
Money market deposit accounts (MMDAs) $86,737
Other savings deposits (excluding MMDAs) $138,386
Total time deposits $274,924
Total time and savings deposits $550,114
Noninterest-bearing deposits $20,718
Interest-bearing deposits $550,114
Retail deposits $472,645
IRAs and Keogh plan accounts $1,304
Brokered deposits $5,367
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $916,091
Cash & Balances due from depository institutions $135,334
Interest-bearing balances $134,575
Total securities $5,016
Federal funds sold & reverse repurchase $0
Net loans and leases $752,523
Loan and leases loss allowance $604
Trading account assets $0
Bank premises and fixed assets $5,602
Other real estate owned $0
Goodwill and other intangibles $2,035
All other assets $15,581

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $916,091
Total Liabilities $808,975
Total deposits $570,832
Interest-bearing deposits $550,114
Deposits held in domestic offices $570,832
% insured (estimated) $84
Federal funds purchased and repurchase agreements $9,474
Trading liabilities $0
Other borrowed funds $210,842
Subordinated debt $0
All other liabilities $17,827

Issued Loan Types

Type Value (in 000's)
Net loans and leases $752,523
Loan and leases loss allowance $604
Total loans and leases (domestic) $753,127
All real estate loans $563,906
Real estate loans in domestic offices $563,906
Construction and development loans $0
Residential 1-4 family construction $0
Other construction, all land development and other land $0
Loans secured by nonfarm nonresidential properties $12,904
Nonfarm nonresidential secured by owner-occupied properties $4,396
Commercial real estate & other non-farm, non-residential $8,508
Multifamily residential real estate $2,623
1-4 family residential loans $548,379
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $195,627
To non-U.S. addressees $0
Loans to individuals $39
Credit card loans $0
Related Plans $0
Consumer Auto Loans $0
Other loans to individuals $39
All other loans & leases $0
Loans to foreign governments and official institutions $0
Other loans $0
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $517
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Quontic Bank had $752,523,000 of loans outstanding in 2021. $563,906,000 of loans were in real estate loans. $0 of loans were in development loans. $2,623,000 of loans were in multifamily mortgage loans. $548,379,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 4 $1,767 $441,750
Nonfarm, nonresidential loans - $250k-1MM 4 $1,767 $441,750
Commercial & Industrial, US addressed loans - <$1MM 5,413 $190,130 $35,125
Commercial & Industrial, US addressed loans - <$100k 4,900 $95,957 $19,583
Commercial & Industrial, US addressed loans - $100-250k 394 $52,819 $134,058
Commercial & Industrial, US addressed loans - $250k-1MM 119 $41,354 $347,513