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Overview / Commentary
224 Walton St.
Newington, GA 30446

Bank of Newington is headquartered in Newington and is the 181st largest bank in the state of Georgia. It is also the 5,292nd largest bank in the nation. It was established in 1919 and as of March of 2014, it had grown to 19 employees at 2 locations. Bank of Newington has a C+ health rating.

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Data for Q1 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 March 31, 2014 Bank of Newington had $4.69 million in non-current loans and owned real-estate with $6.91 million in equity and loan loss allowances on hand to cover it. This gives Bank of Newington a Texas Ratio of 67.81% 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 dramatically from 113.26% as of March 31, 2013 to 67.81% as of March 31, 2014, resulting in a positive change of 40.13%.This indicates that the balance sheet and financial strength for Bank of Newington has improved dramatically in recent periods.

Deposit Growth


In the past year, Bank of Newington has increased its total deposits by $810,000, resulting in 1.17% 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 above average.



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 $76.61 million in assets with $6.91 million in equity, resulting in a capitalization level of 9.02%, which is average.

Institution Statistics

FDIC Certificate #5704
Year Established1919
Primary RegulatorFDIC
Assets and Liabilities
Assets$76.61 million
Loans$59.66 million
Deposits$70.20 million
Equity Capital$5.40 million
Loan Loss Allowance$1.51 million
Unbacked Noncurrent Loans$583,000
Real Estate Owned$4.10 million
Historic Data - March 2013
Assets$74.95 million
Equity Capital$4.75 million
Loan Loss Allowance$1.37 million
Unbacked Noncurrent Loans$583,000
Real Estate Owned$5.91 million
Profit Margin - Quarterly
Net Interest Margin4.65%
Return on Assets1.42%
Return on Equity20.37%
Interest Income$998,000

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