Quontic Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 2549004XJQQPBYQSMT39

Tax ID: 20-2097129

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Mortgage Data

Bank Data

Review & Overview

Quontic Bank is a smaller 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.) They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Miami, Los Angeles, Boston, and Portland among others. We have data for 95 markets. (Some data included below & more in-depth data is available with an active subscription.)

Quontic Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Quontic Bank is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 8.53% 3/28/24
30 Year Conventional Refi 8.29% 3/28/24
30 Year Cash-out Refi 8.65% 3/28/24
30 Year FHA Purchase 7.38% 3/28/24
30 Year FHA Refi 7.24% 3/28/24
30 Year VA Purchase 6.39% 3/28/24
30 Year USDA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 8.30% 3/28/24
15 Year Conventional Refi 8.64% 3/28/24
15 Year Cash-out Refi 8.64% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Quontic Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Quontic Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,002

Origination Dollar Volume (All Markets)

$452,280,000

Employee count

212

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 583 $281,095,000 $482,153 $13,364 4.70%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 143 $67,875,000 $474,650 $11,848 4.50%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 14 $11,110,000 $793,571 $20,756 5.89%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 8 $5,360,000 $670,000 $14,083 5.05%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 13 $5,205,000 $400,385 $10,477 5.83%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 10 $5,140,000 $514,000 $10,842 5.69%
Key West, FL (FHA|USDA|VA) 9 $4,255,000 $472,778 $13,036 4.78%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 16 $4,230,000 $264,375 $8,191 6.05%
Outside of Metro Areas 14 $3,840,000 $274,286 $10,298 5.72%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $3,800,000 $950,000 $10,909 5.03%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 10 $3,690,000 $369,000 $9,963 6.01%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $3,660,000 $457,500 $10,130 3.94%
SALEM, OR (FHA|USDA|VA) 9 $3,295,000 $366,111 $10,903 5.89%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 8 $2,860,000 $357,500 $11,025 4.67%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $2,565,000 $855,000 $13,398 5.58%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $2,555,000 $232,273 $7,364 4.28%
Vineyard Haven, MA (FHA|USDA|VA) 3 $2,015,000 $671,667 $17,993 6.17%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 7 $1,865,000 $266,429 $12,469 5.52%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $1,795,000 $598,333 $17,529 5.83%
Torrington, CT (FHA|USDA|VA) 4 $1,670,000 $417,500 $13,108 5.91%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,630,000 $271,667 $7,718 5.15%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $1,480,000 $370,000 $7,406 4.47%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $1,435,000 $478,333 $14,345 4.67%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $1,320,000 $660,000 $15,775 5.69%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $1,170,000 $292,500 $12,960 6.13%
SPRINGFIELD, MA (FHA|USDA|VA) 5 $1,075,000 $215,000 $0 5.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $915,000 $183,000 $5,433 4.05%
PITTSBURGH, PA (FHA|USDA|VA) 4 $900,000 $225,000 $8,184 4.61%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $755,000 $251,667 $3,251 5.21%
KNOXVILLE, TN (FHA|USDA|VA) 1 $745,000 $745,000 $19,333 6.00%
OCALA, FL (FHA|USDA|VA) 1 $735,000 $735,000 $27,462 5.88%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $715,000 $715,000 $13,002 5.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $705,000 $705,000 $13,477 5.63%
SYRACUSE, NY (FHA|USDA|VA) 2 $680,000 $340,000 $8,342 4.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $655,000 $655,000 $19,837 6.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $640,000 $320,000 $9,040 5.63%
Augusta-Waterville, ME (FHA|USDA|VA) 3 $635,000 $211,667 $8,080 6.38%
THE VILLAGES, FL (FHA|USDA|VA) 2 $620,000 $310,000 $7,041 2.94%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $620,000 $310,000 $8,209 5.81%
BEND, OR (FHA|USDA|VA) 1 $605,000 $605,000 $0 6.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $600,000 $300,000 $8,236 5.44%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $565,000 $565,000 $14,203 5.63%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $555,000 $185,000 $6,235 4.79%
ITHACA, NY (FHA|USDA|VA) 2 $550,000 $275,000 $8,644 4.25%
Huntsville, TX (FHA|USDA|VA) 1 $535,000 $535,000 $20,143 6.00%
KINGSTON, NY (FHA|USDA|VA) 1 $515,000 $515,000 $6,169 3.13%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $500,000 $250,000 $9,526 5.56%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $475,000 $475,000 $0 6.63%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $455,000 $151,667 $9,393 6.42%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $455,000 $455,000 $14,695 5.63%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $435,000 $435,000 $3,997 3.13%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $420,000 $210,000 $5,328 4.38%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $415,000 $138,333 $8,606 4.33%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $400,000 $200,000 $0 5.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $13,220 5.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $355,000 $355,000 $13,828 5.75%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $345,000 $345,000 $0 5.88%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $340,000 $170,000 $0 5.94%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $320,000 $160,000 $3,823 2.94%
RICHMOND, VA (FHA|USDA|VA) 1 $315,000 $315,000 $4,032 2.88%
ROCHESTER, NY (FHA|USDA|VA) 2 $310,000 $155,000 $8,686 6.44%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $11,706 5.88%
Concord, NH (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $295,000 $295,000 $11,273 5.38%
Morehead City, NC (FHA|USDA|VA) 1 $295,000 $295,000 $6,485 5.50%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $295,000 $295,000 $9,399 5.50%
Lebanon, NH-VT (FHA|USDA|VA) 1 $285,000 $285,000 $7,543 5.88%
Keene, NH (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.88%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.13%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $275,000 $275,000 $9,281 6.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,992 2.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $255,000 $255,000 $9,247 6.00%
Astoria, OR (FHA|USDA|VA) 1 $235,000 $235,000 $5,867 5.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $235,000 $235,000 $8,955 6.13%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $11,619 5.50%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $225,000 $225,000 $7,199 5.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $205,000 $205,000 $10,482 5.88%
LONGVIEW, WA (FHA|USDA|VA) 1 $195,000 $195,000 $7,835 6.38%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $195,000 $195,000 $5,669 3.13%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $185,000 $185,000 $9,452 5.50%
Traverse City, MI (FHA|USDA|VA) 1 $185,000 $185,000 $6,922 6.25%
UTICA-ROME, NY (FHA|USDA|VA) 1 $175,000 $175,000 $4,804 3.13%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $165,000 $165,000 $7,107 5.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $165,000 $165,000 $6,085 6.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $6,868 6.75%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $165,000 $165,000 $4,433 2.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $7,079 5.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $145,000 $145,000 $7,054 5.63%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $145,000 $145,000 $4,892 2.88%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $125,000 $125,000 $5,666 5.88%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $115,000 $115,000 $5,847 5.63%
GLENS FALLS, NY (FHA|USDA|VA) 1 $105,000 $105,000 $7,710 5.75%
BINGHAMTON, NY (FHA|USDA|VA) 1 $105,000 $105,000 $6,213 5.75%
Quontic Bank's top markets include New York, Miami, Los Angeles, Boston, and Portland among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 959 $433,795,000 $452,341 $12,289 4.92%
    FHA 41 $18,075,000 $440,854 $17,723 3.11%
    FHA 2 $410,000 $205,000 $0 4.00%

    For 2020, Quontic Bank's most frequently originated type of loan was Conventional, with 959 originations. Their 2nd most popular type was FHA, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 685 $300,375,000 $438,504 $13,322 5.11%
    Refi 148 $56,590,000 $382,365 $7,454 3.42%
    Cash Out Refi 114 $66,980,000 $587,544 $14,542 4.78%
    Other 54 $27,670,000 $512,407 $13,725 5.54%
    Home Improvement 1 $665,000 $665,000 $25,926 5.00%

    For 2020, Quontic Bank's most frequently cited loan purpose was Home Purchase, with 685 originations. The 2nd most popular reason was Refi, with 148 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 927 $429,335,000 $463,145 $13,031 4.95%
    15 Year 43 $11,595,000 $269,651 $6,720 3.70%
    20 Year 20 $6,810,000 $340,500 $6,668 3.02%
    Other 11 $4,355,000 $395,909 $8,919 4.03%
    10 Year 1 $185,000 $185,000 $4,312 2.63%

    For 2020, Quontic Bank's most frequently cited loan duration was 30 Year, with 927 originations. The 2nd most popular length was 15 Year, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 552 $289,030,000 $523,605
    $1k-2k 104 $35,400,000 $340,385
    $4k-5k 65 $16,995,000 $261,462
    $2k-3k 59 $21,075,000 $357,203
    $3k-4k 52 $16,530,000 $317,885
    $<1k 11 $4,505,000 $409,545

    Quontic Bank's average total fees were $13,031, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 552 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 382 $180,860,000 $473,455
    6-7% 205 $99,615,000 $485,927
    2.5-3% 178 $66,770,000 $375,112
    3-4% 178 $81,910,000 $460,169
    4-5% 41 $17,095,000 $416,951
    <2.5% 14 $4,480,000 $320,000
    7-8% 4 $1,550,000 $387,500

    During 2020, Quontic Bank's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 5-6%, with 382 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 392 $118,410,000 $302,066 $9,434 4.79%
    $400k-600k 277 $132,985,000 $480,090 $13,167 4.53%
    $600k-1MM 147 $105,545,000 $717,993 $18,162 5.09%
    $100k-200k 133 $21,165,000 $159,135 $6,784 5.06%
    $1MM+ 52 $74,080,000 $1,424,615 $30,747 5.82%
    $100,000 or less 1 $95,000 $95,000 $4,240 2.88%

    2020 saw Quontic Bank place emphasis on $200k-400k loans with 392 originations, totaling $118,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 216 $84,980,000 $393,426 $11,328 4.43%
    $150k-250k 196 $91,990,000 $469,337 $12,692 4.58%
    $250k+ 158 $110,660,000 $700,380 $18,460 5.38%
    $75k-100k 138 $47,580,000 $344,783 $9,748 4.26%
    $50k-75k 97 $26,315,000 $271,289 $8,151 4.47%
    $50k or less 25 $5,785,000 $231,400 $6,398 4.19%

    Quontic Bank lent most frequently to those with incomes in the $100k-150k range, with 216 originations. The second most popular income band? $150k-250k, with 196 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 168 $77,690,000 $462,440 $12,897 4.96%
    20-30% 155 $63,095,000 $407,065 $11,431 4.89%
    <20% 83 $42,105,000 $507,289 $15,314 5.12%
    42% 42 $18,890,000 $449,762 $11,314 4.51%
    36% 37 $13,905,000 $375,811 $10,286 4.61%
    38% 37 $15,405,000 $416,351 $11,341 4.61%
    40% 35 $16,725,000 $477,857 $12,787 4.79%
    41% 34 $17,750,000 $522,059 $12,890 4.50%
    39% 34 $15,360,000 $451,765 $12,568 4.92%
    44% 30 $12,120,000 $404,000 $9,779 3.68%
    43% 28 $11,210,000 $400,357 $12,050 3.69%
    47% 27 $11,945,000 $442,407 $11,569 4.04%
    49% 27 $12,665,000 $469,074 $11,024 3.72%
    48% 25 $9,665,000 $386,600 $10,299 3.90%
    37% 21 $8,505,000 $405,000 $12,205 4.88%
    50-60% 19 $8,975,000 $472,368 $19,088 3.24%
    45% 15 $5,415,000 $361,000 $8,736 4.13%
    46% 13 $5,885,000 $452,692 $10,553 3.95%

    Quontic Bank lent most frequently to those with DTI ratios of 30-36%, with 168 originations. The next most common DTI ratio? 20-30%, with 155 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 530 $252,390,000 $476,208 $12,670 4.54%
    Asian 325 $129,315,000 $397,892 $11,962 5.27%
    Black 72 $32,610,000 $452,917 $13,785 4.45%
    Not applicable 40 $22,670,000 $566,750 $0 5.99%
    Not provided 30 $13,650,000 $455,000 $13,073 5.12%
    Native Hawaiian or Islander 2 $850,000 $425,000 $18,256 6.25%
    American Indian 3 $795,000 $265,000 $3,777 4.17%

    Approval Rates

    Total approvals of all applications
    84.57%

    Quontic Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    63.17%

    Quontic Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,002 $452,280,000 $451,377

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $1,045,000 $1,045,000
    Single Family (1-4 Units):Site-Built 1,001 $451,235,000 $450,784

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $20,750,000 $384,259 $10,436 4.60%
    40-60% 178 $81,930,000 $460,281 $11,955 4.63%
    60-80% 633 $292,335,000 $461,825 $13,249 5.26%
    80-100% 127 $54,115,000 $426,102 $11,488 3.25%
    Under 20% 10 $3,150,000 $315,000 $9,504 4.20%

    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 $417,024

    For 2020, Quontic Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,981
    Net interest income $19,284
    Total noninterest income $20,092
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $29
    Trading account gains and fees $0
    Additional Noninterest Income $20,063
    Pre-tax net operating income $6,498
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,438
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,438
    Minority interest net income $0
    Net income $4,438
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,438

    Quontic Bank's gross interest income from loans was $26,981,000.
    Quontic Bank's net interest income from loans was $19,284,000.
    Quontic Bank's fee based income from loans was $29,000.
    Quontic Bank's net income from loans was $4,438,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,697
    Provision for credit losses $565
    Total noninterest expense $32,313
    Salaries and employee benefits $16,055
    Premises and equipment expense $3,899
    Additional noninterest expense $12,359
    Applicable income taxes $2,060
    Net charge-offs $93
    Cash dividends $852

    Quontic Bank's interest expense for loans was $7,697,000.
    Quontic Bank's payroll and benefits expense were $16,055,000.
    Quontic Bank's property, plant and equipment expenses $3,899,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 2.0%
    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 $427,458
    Deposits held in domestic offices $427,458
    Deposits by Individuals, partnerships, and corporations $423,879
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $3,579
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $68,549
    Demand deposits $27,360
    Nontransaction accounts $358,909
    Money market deposit accounts (MMDAs) $94,816
    Other savings deposits (excluding MMDAs) $88,433
    Total time deposits $175,660
    Total time and savings deposits $400,098
    Noninterest-bearing deposits $27,361
    Interest-bearing deposits $400,098
    Retail deposits $348,823
    IRAs and Keogh plan accounts $2,384
    Brokered deposits $8,406
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,377,593
    Cash & Balances due from depository institutions $89,557
    Interest-bearing balances $85,806
    Total securities $6,147
    Federal funds sold & reverse repurchase $1,427
    Net loans and leases $1,253,643
    Loan and leases loss allowance $1,524
    Trading account assets $0
    Bank premises and fixed assets $6,046
    Other real estate owned $0
    Goodwill and other intangibles $2,315
    All other assets $18,458

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,377,593
    Total Liabilities $1,321,314
    Total deposits $427,458
    Interest-bearing deposits $400,098
    Deposits held in domestic offices $427,458
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $882,611
    Subordinated debt $0
    All other liabilities $11,245

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,253,643
    Loan and leases loss allowance $1,524
    Total loans and leases (domestic) $1,255,167
    All real estate loans $401,813
    Real estate loans in domestic offices $401,813
    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 $64,636
    Nonfarm nonresidential secured by owner-occupied properties $11,600
    Commercial real estate & other non-farm, non-residential $53,036
    Multifamily residential real estate $20,526
    1-4 family residential loans $316,651
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $859,162
    To non-U.S. addressees $0
    Loans to individuals $79
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $79
    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 $1,021
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Quontic Bank had $1,253,643,000 of loans outstanding in 2020. $401,813,000 of loans were in real estate loans. $0 of loans were in development loans. $20,526,000 of loans were in multifamily mortgage loans. $316,651,000 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 79 $38,369 $485,684
    Nonfarm, nonresidential loans - $100-250k 4 $700 $175,000
    Nonfarm, nonresidential loans - $250k-1MM 75 $37,669 $502,253
    Commercial & Industrial, US addressed loans - <$1MM 23,761 $848,096 $35,693
    Commercial & Industrial, US addressed loans - <$100k 22,070 $543,038 $24,605
    Commercial & Industrial, US addressed loans - $100-250k 1,424 $202,840 $142,444
    Commercial & Industrial, US addressed loans - $250k-1MM 267 $102,218 $382,839