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Overview / Commentary
224 Walton St.
Newington, GA 30446

Bank of Newington is headquartered in Newington and is the 178th largest bank in the state of Georgia. It is also the 5,158th largest bank in the nation. It was established in 1919 and as of June of 2014, it had grown to 17 employees at 2 locations. Bank of Newington has a C+ health rating.

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Data for Q2 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Bank of Newington has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Bank of Newington had $4.5 million in non-current loans and owned real-estate with $7.04 million in equity and loan loss allowances on hand to cover it. This gives Bank of Newington a Texas Ratio of 63.92% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bank of Newington decreased slightly from 77.35% as of June 30, 2013 to 63.92% as of June 30, 2014, resulting in a positive change of 17.36%.This indicates that the balance sheet and financial strength for Bank of Newington has improved slightly in recent periods.

Deposit Growth


In the past year, Bank of Newington has increased its total deposits by $3.43 million, resulting in 4.9% 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 Bank of Newington has shown is excellent.



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. Bank of Newington has $80.22 million in assets with $7.04 million in equity, resulting in a capitalization level of 8.78%, which is average.

Institution Statistics

FDIC Certificate #5704
Year Established1919
Primary RegulatorFDIC
Assets and Liabilities
Assets$80.22 million
Loans$62.95 million
Deposits$73.45 million
Equity Capital$5.73 million
Loan Loss Allowance$1.31 million
Unbacked Noncurrent Loans$343,000
Real Estate Owned$4.16 million
Historic Data - June 2013
Assets$75.71 million
Equity Capital$4.81 million
Loan Loss Allowance$1.46 million
Unbacked Noncurrent Loans$343,000
Real Estate Owned$4.78 million
Profit Margin - Quarterly
Return on Assets1.57%
Return on Equity22.36%
Interest Income$2.04 million

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Bank of Newington Locations
Sylvania Branch107 West Ogeechee StreetSylvania, GA 30467
Bank Of NewingtonBroad and Church StreetsNewington, GA 30446