Quantum National Bank Mortgage Rates, Fees & Info
SUWANEE, GALEI: 25490052T4M68YYACN14
Tax ID: 58-2207255
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Mortgage Data
Bank Data
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, Warner Robins, Gainesville, and Athens among others. We have data for 4 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 a below average pick rate when compared to similar lenders.
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Originations
79Origination Dollar Volume (All Markets)
$34,175,000Employee count
57Top 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) | 73 | $30,945,000 | $423,904 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $2,255,000 | $2,255,000 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 79 | $34,175,000 | $432,595 | $0 | 0.00% |
For 2019, Quantum National Bank's most frequently originated type of loan was Conventional, with 79 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 45 | $17,695,000 | $393,222 | $0 | 0.00% |
| Home Purchase | 30 | $14,390,000 | $479,667 | $0 | 0.00% |
| Home Improvement | 4 | $2,090,000 | $522,500 | $0 | 0.00% |
For 2019, Quantum National Bank's most frequently cited loan purpose was Refi, with 45 originations. The 2nd most popular reason was Home Purchase, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 79 | $34,175,000 | $432,595 | $0 | 0.00% |
For 2019, Quantum National Bank's most frequently cited loan duration was Other, with 79 originations.
Loan Sizing
2019 saw Quantum National Bank place emphasis on $200k-400k loans with 24 originations, totaling $6,780,000 in origination value.
Applicant Income
Quantum National Bank lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $75k-100k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 79 | $34,175,000 | $432,595 | $0 | 0.00% |
Quantum National Bank lent most frequently to those with DTI ratios of Exempt%, with 79 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.89%
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 origination87.34%
Quantum National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 79 | $34,175,000 | $432,595 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 14 | $11,360,000 | $811,429 |
| Single Family (1-4 Units):Site-Built | 65 | $22,815,000 | $351,000 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Quantum National Bank | 2875 Bethany Road Alpharetta, GA 30004 | Full Service B&M | $28,800 |
| Quantum National Bank | 3438 Peachtree Road, Suite 150 Atlanta, GA 30326 | Full Service B&M | $4,967 |
| Quantum National Bank | 505 Peachtree Industrial Boulevard Suwanee, GA 30024 | Full Service B&M | $417,252 |
For 2019, Quantum National Bank had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $29,116 |
| Net interest income | $24,872 |
| Total noninterest income | $2,133 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $123 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,010 |
| Pre-tax net operating income | $15,139 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $15,139 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $15,139 |
| Minority interest net income | $0 |
| Net income | $15,139 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $15,139 |
Quantum National Bank's gross interest income from loans was $29,116,000.
Quantum National Bank's net interest income from loans was $24,872,000.
Quantum National Bank's fee based income from loans was $123,000.
Quantum National Bank's net income from loans was $15,139,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,244 |
| Provision for credit losses | $124 |
| Total noninterest expense | $11,742 |
| Salaries and employee benefits | $6,953 |
| Premises and equipment expense | $828 |
| Additional noninterest expense | $3,961 |
| Applicable income taxes | $0 |
| Net charge-offs | $-17 |
| Cash dividends | $12,833 |
Quantum National Bank's interest expense for loans was $4,244,000.
Quantum National Bank's payroll and benefits expense were $6,953,000.
Quantum National Bank's property, plant and equipment expenses $828,000.
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 | $452,509 |
| Deposits held in domestic offices | $452,509 |
| Deposits by Individuals, partnerships, and corporations | $323,801 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $111,537 |
| Deposits by Commercial banks and other depository institutions in U.S. | $17,171 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $23,965 |
| Demand deposits | $21,945 |
| Nontransaction accounts | $428,544 |
| Money market deposit accounts (MMDAs) | $207,061 |
| Other savings deposits (excluding MMDAs) | $134,147 |
| Total time deposits | $87,335 |
| Total time and savings deposits | $430,564 |
| Noninterest-bearing deposits | $112,635 |
| Interest-bearing deposits | $339,874 |
| Retail deposits | $394,097 |
| IRAs and Keogh plan accounts | $5,024 |
| Brokered deposits | $19,137 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $512,653 |
| Cash & Balances due from depository institutions | $51,156 |
| Interest-bearing balances | $47,671 |
| Total securities | $14,533 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $429,472 |
| Loan and leases loss allowance | $4,648 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,490 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $653 |
| All other assets | $11,349 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $512,653 |
| Total Liabilities | $455,653 |
| Total deposits | $452,509 |
| Interest-bearing deposits | $339,874 |
| Deposits held in domestic offices | $452,509 |
| % insured (estimated) | $56 |
| Federal funds purchased and repurchase agreements | $260 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,884 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $429,472 |
| Loan and leases loss allowance | $4,648 |
| Total loans and leases (domestic) | $434,120 |
| All real estate loans | $414,960 |
| Real estate loans in domestic offices | $414,960 |
| Construction and development loans | $43,199 |
| Residential 1-4 family construction | $34,878 |
| Other construction, all land development and other land | $8,321 |
| Loans secured by nonfarm nonresidential properties | $298,197 |
| Nonfarm nonresidential secured by owner-occupied properties | $120,998 |
| Commercial real estate & other non-farm, non-residential | $177,199 |
| Multifamily residential real estate | $15,215 |
| 1-4 family residential loans | $57,312 |
| Farmland loans | $1,037 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $18,684 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $131 |
| Credit card loans | $0 |
| Related Plans | $43 |
| Consumer Auto Loans | $15 |
| Other loans to individuals | $73 |
| All other loans & leases | $345 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $345 |
| 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 | $1,360 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
QUANTUM NATIONAL BANK had $429,472,000 of loans outstanding in 2019. $414,960,000 of loans were in real estate loans. $43,199,000 of loans were in development loans. $15,215,000 of loans were in multifamily mortgage loans. $57,312,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $15,000 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 | 218 | $71,295 | $327,041 |
| Nonfarm, nonresidential loans - <$100k | 6 | $242 | $40,333 |
| Nonfarm, nonresidential loans - $100-250k | 38 | $4,570 | $120,263 |
| Nonfarm, nonresidential loans - $250k-1MM | 174 | $66,483 | $382,086 |
| Commercial & Industrial, US addressed loans - <$1MM | 186 | $14,714 | $79,108 |
| Commercial & Industrial, US addressed loans - <$100k | 109 | $4,623 | $42,413 |
| Commercial & Industrial, US addressed loans - $100-250k | 57 | $6,041 | $105,982 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 20 | $4,050 | $202,500 |