Quontic Bank, FSB

3 Grace Avenue
Great Neck, NY 11021
516-686-0707
www.quonticbank.com

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Quontic Bank, FSB is headquartered in Great Neck and is the 157^th largest bank in the state of New York. It is also the 5,080^th largest bank in the nation. It was established in 2005 and as of March of 2012, it had grown to 54 employees at 3 locations. Quontic Bank, FSB's money market rates are 14% higher than the national average, and it boasts a 5-star health rating.

Competitive CD Rates at Quontic Bank in New York - Local Only - 2/8/2012

Quontic Bank is offering several competitive mid-term and long-term CD and IRA CD rates. These include a 1.51% APY 2-year CD, a 1.76% APY 3-year CD, a 2.01% APY 4-year CD and a 2.27% APY 5-year CD. Mi ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Quontic Bank, FSB Checking Account Rates

	Apy	Min	Max	Product
	0.25%	-	-	Interest Checking NOW Account

Quontic Bank, FSB Savings Account Rates

Apy	Min	Max	Product
0.25%	-	-	Savings Account
0.25%	-	-	Passbook Savings Account
0.25%	-	-	Landlord Tenant Account
0.25%	-	-	Attorney Escrow Account
0.10%	-	-	Quontic Junior Savings Account

Quontic Bank, FSB Money Market Rates

Apy	Min	Max	Product
0.50%	$50k	-	Premium Money Market Account
0.25%	$1k	$50k	Money Market Account
0.25%	-	-	Business Money Market Account

Quontic Bank, FSB CD Rates

Apy	Min	Max	Product
1.51%	-	-	60 Month CD
1.51%	-	-	60 Month Business CD
1.26%	-	-	48 Month CD
1.26%	-	-	48 Month Business CD
1.00%	-	-	36 Month CD
1.00%	-	-	36 Month Business CD
0.75%	-	-	24 Month CD
0.75%	-	-	24 Month Business CD
0.60%	-	-	18 Month CD
0.60%	-	-	18 Month Business CD
0.50%	-	-	1 Year CD
0.50%	-	-	1 Year Business CD
0.30%	-	-	9 Month CD
0.30%	-	-	9 Month Business CD
0.20%	-	-	6 Month CD
0.20%	-	-	6 Month Business CD
0.10%	-	-	3 Month CD
0.10%	-	-	3 Month Business CD

Quontic Bank, FSB IRA Rates

Apy	Min	Max	Product
1.51%	-	-	60 Month IRA
1.51%	-	-	60 Month Roth IRA
1.26%	-	-	48 Month IRA
1.26%	-	-	48 Month Roth IRA
1.00%	-	-	36 Month IRA
1.00%	-	-	36 Month Roth IRA
0.75%	-	-	24 Month IRA
0.75%	-	-	24 Month Roth IRA
0.60%	-	-	18 Month IRA
0.60%	-	-	18 Month Roth IRA
0.50%	-	-	1 Year IRA
0.50%	-	-	1 Year Roth IRA
0.30%	-	-	9 Month IRA
0.30%	-	-	9 Month Roth IRA
0.20%	-	-	6 Month IRA
0.20%	-	-	6 Month Roth IRA
0.10%	-	-	3 Month IRA
0.10%	-	-	3 Month Roth IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Quontic Bank
OTS #	17974
FDIC Certificate #	57807
BankRate Report	View
Year Established	2005
Employees	54
Primary Regulator	OCC
Assets and Liabilities
Assets	$95.05 million
Loans	$69.62 million
Deposits	$81.26 million
Equity Capital	$13.28 million
Loan Loss Allowance	$512,000
Unbacked Noncurrent Loans	$1.14 million
Historic Data - March 2011
Assets	$65.19 million
Equity Capital	$9.47 million
Loan Loss Allowance	$361,000
Unbacked Noncurrent Loans	$860,000
Profit Margin - Quarterly
Net Interest Margin	4.43%
Return on Assets	2.18%
Return on Equity	15.36%
Interest Income	$1.21 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Quontic Bank, FSB had $1.14 million in non-current loans and owned real-estate with $13.79 million in equity and loan loss allowances on hand to cover it. This gives Quontic Bank, FSB a Texas Ratio of 8.27% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Quontic Bank, FSB held steady from 8.75% as of March 31, 2011 to 8.27% as of March 31, 2012, resulting in a positive change of 5.43%.This indicates that the balance sheet and financial strength for Quontic Bank, FSB has held steady in recent periods.
Deposit Growth
In the past year, Quontic Bank, FSB has increased its total deposits by $26.14 million, resulting in 47.41% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Quontic Bank, FSB has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Quontic Bank, FSB has $95.04 million in assets with $13.79 million in equity, resulting in a capitalization level of 14.51%, which is excellent.