Quantum National Bank Mortgage Rates, Fees & Info

SUWANEE, GA

LEI: 25490052T4M68YYACN14

Tax ID: 58-2207255

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Quantum National Bank is a smaller bank specializing in Refi and Home Purchase loans. Quantum National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Gainesville, Jefferson, Augusta, and Columbus among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Quantum National Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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.


    Originations

    112

    Origination Dollar Volume (All Markets)

    $35,210,000

    Employee count

    56

    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
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 99 $28,295,000 $285,808 $0 10.67%
    GAINESVILLE, GA (FHA|USDA|VA) 8 $2,710,000 $338,750 $0 5.31%
    Jefferson, GA (FHA|USDA|VA) 2 $2,140,000 $1,070,000 $0 4.88%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $1,605,000 $1,605,000 $0 5.75%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $305,000 $305,000 $0 5.50%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.75%
    Quantum National Bank's top markets include Atlanta, Gainesville, Jefferson, Augusta, and Columbus among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 98 $29,790,000 $303,980 $0 10.65%
    HELOC 14 $5,420,000 $387,143 n/a 5.89%

    For 2018, Quantum National Bank's most frequently originated type of loan was Conventional, with 98 originations. Their 2nd most popular type was HELOC, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 73 $21,495,000 $294,452 $0 12.52%
    Home Purchase 39 $13,715,000 $351,667 $0 5.43%

    For 2018, Quantum National Bank's most frequently cited loan purpose was Refi, with 73 originations. The 2nd most popular reason was Home Purchase, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 54 $14,130,000 $261,667 $0 14.83%
    Other 44 $18,080,000 $410,909 $0 5.45%
    1 Year 12 $2,570,000 $214,167 $0 6.08%
    10 Year 2 $430,000 $215,000 $0 6.25%

    For 2018, Quantum National Bank's most frequently cited loan duration was 5 Year, with 54 originations. The 2nd most popular length was Other, with 44 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 63 $20,495,000 $325,317
    6-7% 25 $5,055,000 $202,200
    4-5% 23 $9,555,000 $415,435
    Over 8% 1 $105,000 $105,000

    During 2018, Quantum National Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 63 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 36 $10,660,000 $296,111 $0 5.47%
    $100k-200k 32 $4,690,000 $146,563 $0 21.27%
    $100,000 or less 21 $1,255,000 $59,762 $0 5.93%
    $400k-600k 14 $6,280,000 $448,571 $0 5.47%
    $1MM+ 5 $9,015,000 $1,803,000 $0 5.35%
    $600k-1MM 4 $3,310,000 $827,500 $0 5.13%

    2018 saw Quantum National Bank place emphasis on $200k-400k loans with 36 originations, totaling $10,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 2 $840,000 $420,000 $0 6.25%
    $50k or less 2 $210,000 $105,000 $0 5.63%
    $100k-150k 1 $45,000 $45,000 $0 5.75%
    $150k-250k 1 $45,000 $45,000 $0 6.00%
    $50k-75k 1 $85,000 $85,000 $0 6.42%

    Quantum National Bank lent most frequently to those with incomes in the $250k+ range, with 2 originations. The second most popular income band? $50k or less, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 1 $245,000 $245,000 $0 5.00%

    Quantum National Bank lent most frequently to those with DTI ratios of <20%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 104 $33,660,000 $323,654 $0 10.37%
    White 6 $1,320,000 $220,000 $0 6.20%
    Black 2 $230,000 $115,000 $0 5.38%

    Approval Rates

    Total approvals of all applications
    97.56%

    Quantum National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    92.86%

    Quantum National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 112 $35,210,000 $314,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $14,185,000 $746,579
    Single Family (1-4 Units):Site-Built 93 $21,025,000 $226,075

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $25,000 $25,000 $0 6.00%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Quantum National Bank 2875 Bethany Road Alpharetta, GA 30004 Full Service B&M $31,510
    Quantum National Bank 3438 Peachtree Road Atlanta, GA 30326 Full Service B&M $3,106
    Quantum National Bank 505 Peachtree Industrial Boulevard Suwanee, GA 30024 Full Service B&M $377,856

    For 2018, Quantum National Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,794
    Net interest income $22,731
    Total noninterest income $2,730
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $138
    Trading account gains and fees $0
    Additional Noninterest Income $2,592
    Pre-tax net operating income $14,111
    Securities gains (or losses, -) $0
    Income before extraordinary items $13,033
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,033
    Minority interest net income $0
    Net income $13,033
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $13,033

    Quantum National Bank's gross interest income from loans was $25,794,000.
    Quantum National Bank's net interest income from loans was $22,731,000.
    Quantum National Bank's fee based income from loans was $138,000.
    Quantum National Bank's net income from loans was $13,033,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,063
    Provision for credit losses $221
    Total noninterest expense $11,129
    Salaries and employee benefits $6,680
    Premises and equipment expense $744
    Additional noninterest expense $3,705
    Applicable income taxes $1,078
    Net charge-offs $-22
    Cash dividends $7,597

    Quantum National Bank's interest expense for loans was $3,063,000.
    Quantum National Bank's payroll and benefits expense were $6,680,000.
    Quantum National Bank's property, plant and equipment expenses $744,000.

    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 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 $430,438
    Deposits held in domestic offices $430,438
    Deposits by Individuals, partnerships, and corporations $294,604
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $115,185
    Deposits by Commercial banks and other depository institutions in U.S. $20,649
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $21,281
    Demand deposits $15,383
    Nontransaction accounts $409,157
    Money market deposit accounts (MMDAs) $205,042
    Other savings deposits (excluding MMDAs) $110,683
    Total time deposits $93,431
    Total time and savings deposits $415,055
    Noninterest-bearing deposits $83,338
    Interest-bearing deposits $347,100
    Retail deposits $366,921
    IRAs and Keogh plan accounts $5,289
    Brokered deposits $27,137
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $489,828
    Cash & Balances due from depository institutions $39,623
    Interest-bearing balances $36,920
    Total securities $15,663
    Federal funds sold & reverse repurchase $0
    Net loans and leases $416,634
    Loan and leases loss allowance $4,506
    Trading account assets $0
    Bank premises and fixed assets $5,985
    Other real estate owned $0
    Goodwill and other intangibles $707
    All other assets $11,216

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $489,828
    Total Liabilities $435,808
    Total deposits $430,438
    Interest-bearing deposits $347,100
    Deposits held in domestic offices $430,438
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $2,553
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,817

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $416,634
    Loan and leases loss allowance $4,506
    Total loans and leases (domestic) $421,140
    All real estate loans $399,760
    Real estate loans in domestic offices $399,760
    Construction and development loans $42,738
    Residential 1-4 family construction $29,697
    Other construction, all land development and other land $13,041
    Loans secured by nonfarm nonresidential properties $281,979
    Nonfarm nonresidential secured by owner-occupied properties $108,883
    Commercial real estate & other non-farm, non-residential $173,096
    Multifamily residential real estate $29,935
    1-4 family residential loans $43,813
    Farmland loans $1,295
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $20,556
    To non-U.S. addressees $0
    Loans to individuals $225
    Credit card loans $0
    Related Plans $116
    Consumer Auto Loans $18
    Other loans to individuals $91
    All other loans & leases $599
    Loans to foreign governments and official institutions $0
    Other loans $599
    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 $1,729
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    QUANTUM NATIONAL BANK had $416,634,000 of loans outstanding in 2018. $399,760,000 of loans were in real estate loans. $42,738,000 of loans were in development loans. $29,935,000 of loans were in multifamily mortgage loans. $43,813,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $18,000 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 209 $65,526 $313,522
    Nonfarm, nonresidential loans - <$100k 7 $298 $42,571
    Nonfarm, nonresidential loans - $100-250k 38 $4,462 $117,421
    Nonfarm, nonresidential loans - $250k-1MM 164 $60,766 $370,524
    Commercial & Industrial, US addressed loans - <$1MM 169 $15,858 $93,834
    Commercial & Industrial, US addressed loans - <$100k 90 $4,285 $47,611
    Commercial & Industrial, US addressed loans - $100-250k 60 $6,693 $111,550
    Commercial & Industrial, US addressed loans - $250k-1MM 19 $4,880 $256,842