Quontic Bank in Great Neck, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Quontic Bank in Great Neck, New York (NY)
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Quontic Bank - Overview

  • General
  • FDIC Certificate #: 57807
    Status: Active
    Federal Reserve ID: 3340725
    Date Established: March 14, 2005
    WWW: http://www.quonticbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 17974
    FDIC's unique #: 425750
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 14, 2005
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3 Grace Avenue, Great Neck, NY 11021
    County: Nassau
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Nassau-Suffolk, NY (#5380)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: Nassau-Suffolk, NY (#35004)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $85.1 mil
    Equity capital: $12.3 mil
    Deposits held in domestic offices: $70.2 mil
    Return on assets (ROA): 0.06% ($0.1 mil)
    Quarterly return on assets: 1.59% ($1.4 mil)
    Return on Equity (ROE): 0.40% ($0.0 mil)
    Quarterly return on equity: 11.80% ($1.4 mil)
    Net income: $0.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.06% ($51.0 mil)
    Quarterly Pretax return on assets: 1.59% ($1,352.5 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $85,061Total assets
  • $8,467Cash and due from depository institutions
  • $7,794Interest-bearing balances
  • $1,649Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $70,294Net loans & leases
  • $606Loan loss allowance
  • $0Trading account assets
  • $2,073Bank premises and fixed assets
  • $0Other real estate owned
  • $2,035Goodwill and other intangibles
  • $85,061Life insurance assets
  • $543All other assets
  • $72,763Total liabilities and capital
  • $70,189Total liabilities
  • $65,900Total deposits
  • $70,189Interest-bearing deposits
  • $70Deposits held in domestic offices
  • 2000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $574Subordinated debt
  • $12,298All other liabilities
  • $12,298Total equity capital
  • $12,298Total bank equity capital
  • $0Perpetual preferred stock
  • $60Common stock
  • $14,807Surplus
  • $-2,569Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,338Income earned, not collected on loans
  • $0Earning assets
  • $285Long-term assets (5+ years)
  • $79,737Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $76,275Volatile liabilities
  • $87,787Insider loans
  • $53,206FHLB advances
  • $82,988Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,225Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,389Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,562Total interest income
  • $988Total interest expense
  • $2,574Net interest income
  • $366Provision for loan and lease losses
  • $2,874Total noninterest income
  • $0Fiduciary activities
  • $33Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,841Additional noninterest income
  • $5,082Total noninterest expense
  • $2,426Salaries and employee benefits
  • $956Premises and equipment expense
  • $1,700Additional noninterest expense
  • $0Pre-tax net operating income
  • $43Securities gains (losses)
  • $0Applicable income taxes
  • $43Income before extraordinary items
  • $0Extraordinary gains - net
  • $43Net income attributable to bank
  • $0Net charge-offs
  • $43Cash dividends
  • $31Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 3.61%Net interest margin
  • 4.03%Noninterest income to earning assets
  • 7.13%Noninterest expense to earning assets
  • 0.00%Net operating income to assets
  • 0.06%Return on assets (ROA)
  • 0.06%Pretax return on assets
  • 0.40%Return on equity (ROE)
  • 0.40%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 1180.65%Credit loss provision to net charge-offs
  • 11.81%Efficiency ratio
  • 93,282Assets per employee
  • 1.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.85%Loss allowance to noncurrent loans
  • 45.29%Noncurrent assets plus other real estate owned to assets
  • 1.57%Noncurrent loans to loans
  • 1.89%Net loans and leases to deposits
  • 100.15%Net loans and leases to core deposits
  • 107.03%Equity capital to assets
  • 14.46%Core capital (leverage) ratio
  • 12.32%Tier 1 risk-based capital ratio
  • 19.22%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $76,275Average earning assets
  • $10,830Average equity
  • $71,300Average loans

List of branches

  • 3 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0425750Quontic Bank3 Grace Avenue, Great Neck, NY 11021March 14, 2005Full Service Brick and Mortar
    1500105Great Neck Branch3 Grace Avenue, Great Neck, NY 11022December 21, 2009Full Service Brick and Mortar
    2522114Astoria Branch31-05 Broadway, Astoria, NY 11106April 07, 2011Full Service Brick and Mortar

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