Quantum National Bank Mortgage Rates, Fees & Info

SUWANEE, GA

LEI: 25490052T4M68YYACN14

Tax ID: 58-2207255

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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, Warner Robins, Jefferson, Gainesville, and Athens 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.

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    Originations

    67

    Origination Dollar Volume (All Markets)

    $30,285,000

    Employee count

    63

    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) 59 $25,835,000 $437,881 $0 0.00%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $1,375,000 $1,375,000 $0 0.00%
    Jefferson, GA (FHA|USDA|VA) 2 $1,270,000 $635,000 $0 0.00%
    GAINESVILLE, GA (FHA|USDA|VA) 2 $1,180,000 $590,000 $0 0.00%
    Outside of Metro Areas 2 $340,000 $170,000 $0 0.00%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    Quantum National Bank's top markets include Atlanta, Warner Robins, Jefferson, Gainesville, and Athens among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $30,285,000 $452,015 $0 0.00%

    For 2020, Quantum National Bank's most frequently originated type of loan was Conventional, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 43 $18,055,000 $419,884 $0 0.00%
    Home Purchase 24 $12,230,000 $509,583 $0 0.00%

    For 2020, Quantum National Bank's most frequently cited loan purpose was Refi, with 43 originations. The 2nd most popular reason was Home Purchase, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 67 $30,285,000 $452,015 $0 0.00%

    For 2020, Quantum National Bank's most frequently cited loan duration was Other, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 20 $3,200,000 $160,000 $0 0.00%
    $200k-400k 18 $5,400,000 $300,000 $0 0.00%
    $100,000 or less 10 $490,000 $49,000 $0 0.00%
    $1MM+ 7 $13,495,000 $1,927,857 $0 0.00%
    $400k-600k 7 $3,505,000 $500,714 $0 0.00%
    $600k-1MM 5 $4,195,000 $839,000 $0 0.00%

    2020 saw Quantum National Bank place emphasis on $100k-200k loans with 20 originations, totaling $3,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 2 $60,000 $30,000 $0 0.00%
    $250k+ 2 $380,000 $190,000 $0 0.00%
    $50k or less 1 $105,000 $105,000 $0 0.00%

    Quantum National Bank lent most frequently to those with incomes in the $150k-250k range, with 2 originations. The second most popular income band? $250k+, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 67 $30,285,000 $452,015 $0 0.00%

    Quantum National Bank lent most frequently to those with DTI ratios of Exempt%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 60 $29,680,000 $494,667 $0 0.00%
    Not provided 7 $605,000 $86,429 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.67%

    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
    91.04%

    Quantum National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 67 $30,285,000 $452,015

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 20 $19,760,000 $988,000
    Single Family (1-4 Units):Site-Built 47 $10,525,000 $223,936

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Quantum National Bank 2875 Bethany Road Alpharetta, GA 30004 Full Service B&M $22,207
    Quantum National Bank 3438 Peachtree Road, Suite 150 Atlanta, GA 30326 Full Service B&M $2,381
    Quantum National Bank 505 Peachtree Industrial Boulevard Suwanee, GA 30024 Full Service B&M $464,517

    For 2020, Quantum National Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,382
    Net interest income $27,098
    Total noninterest income $3,495
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $179
    Trading account gains and fees $0
    Additional Noninterest Income $3,316
    Pre-tax net operating income $14,823
    Securities gains (or losses, -) $198
    Income before extraordinary items $15,091
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,091
    Minority interest net income $0
    Net income $15,091
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,893

    Quantum National Bank's gross interest income from loans was $29,382,000.
    Quantum National Bank's net interest income from loans was $27,098,000.
    Quantum National Bank's fee based income from loans was $179,000.
    Quantum National Bank's net income from loans was $15,091,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,284
    Provision for credit losses $2,305
    Total noninterest expense $13,465
    Salaries and employee benefits $8,154
    Premises and equipment expense $820
    Additional noninterest expense $4,491
    Applicable income taxes $-70
    Net charge-offs $96
    Cash dividends $10,535

    Quantum National Bank's interest expense for loans was $2,284,000.
    Quantum National Bank's payroll and benefits expense were $8,154,000.
    Quantum National Bank's property, plant and equipment expenses $820,000.

    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 $510,574
    Deposits held in domestic offices $510,574
    Deposits by Individuals, partnerships, and corporations $388,243
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $121,407
    Deposits by Commercial banks and other depository institutions in U.S. $924
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $28,449
    Demand deposits $20,189
    Nontransaction accounts $482,125
    Money market deposit accounts (MMDAs) $226,303
    Other savings deposits (excluding MMDAs) $187,808
    Total time deposits $68,014
    Total time and savings deposits $490,385
    Noninterest-bearing deposits $163,570
    Interest-bearing deposits $347,004
    Retail deposits $466,278
    IRAs and Keogh plan accounts $5,008
    Brokered deposits $15,177
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $608,173
    Cash & Balances due from depository institutions $52,477
    Interest-bearing balances $49,544
    Total securities $7,501
    Federal funds sold & reverse repurchase $0
    Net loans and leases $529,901
    Loan and leases loss allowance $6,857
    Trading account assets $0
    Bank premises and fixed assets $5,355
    Other real estate owned $0
    Goodwill and other intangibles $889
    All other assets $12,050

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $608,173
    Total Liabilities $546,530
    Total deposits $510,574
    Interest-bearing deposits $347,004
    Deposits held in domestic offices $510,574
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $251
    Trading liabilities $0
    Other borrowed funds $32,689
    Subordinated debt $0
    All other liabilities $3,016

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $529,901
    Loan and leases loss allowance $6,857
    Total loans and leases (domestic) $536,758
    All real estate loans $461,170
    Real estate loans in domestic offices $461,170
    Construction and development loans $35,893
    Residential 1-4 family construction $26,668
    Other construction, all land development and other land $9,225
    Loans secured by nonfarm nonresidential properties $346,920
    Nonfarm nonresidential secured by owner-occupied properties $146,377
    Commercial real estate & other non-farm, non-residential $200,543
    Multifamily residential real estate $19,639
    1-4 family residential loans $57,827
    Farmland loans $891
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $75,314
    To non-U.S. addressees $0
    Loans to individuals $75
    Credit card loans $0
    Related Plans $20
    Consumer Auto Loans $11
    Other loans to individuals $44
    All other loans & leases $199
    Loans to foreign governments and official institutions $0
    Other loans $199
    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 $680
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    QUANTUM NATIONAL BANK had $529,901,000 of loans outstanding in 2020. $461,170,000 of loans were in real estate loans. $35,893,000 of loans were in development loans. $19,639,000 of loans were in multifamily mortgage loans. $57,827,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $11,000 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 242 $84,569 $349,459
    Nonfarm, nonresidential loans - <$100k 7 $218 $31,143
    Nonfarm, nonresidential loans - $100-250k 37 $4,582 $123,838
    Nonfarm, nonresidential loans - $250k-1MM 198 $79,769 $402,874
    Commercial & Industrial, US addressed loans - <$1MM 875 $49,800 $56,914
    Commercial & Industrial, US addressed loans - <$100k 694 $18,749 $27,016
    Commercial & Industrial, US addressed loans - $100-250k 140 $16,220 $115,857
    Commercial & Industrial, US addressed loans - $250k-1MM 41 $14,831 $361,732