Bank of Newington

Bank of Newington Locations
Broad And Church Streets
Newington, GA 30446
(912) 857-4466
www.bankofnewington.com

Bank of Newington is headquartered in Newington and is the 205th largest bank in the state of Georgia. It is also the 5,771st largest bank in the nation. It was established in 1919 and as of December of 2011, it had grown to 17 employees at 2 locations. Bank of Newington has a 2-star health rating.

Bank of Newington Routing Number: 061209617

Related Posts

Bank Of Newington (GA) Dropped RCA Rate (Forum) - 7/29/2010

A post at this bank's thread indicated that the RCA rate was reduced from 5.01% to 3.49%.  I called and confirmed this drop, the CSR said it was changed "several months ago." Many RCAs now keep the rate change at the secret/hiding level. 

High-Yield Reward Checking Account at Bank of Newington in Georgia - 3/2/2009

Bank of Newington is offering a reward checking account that pays 5.01% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees nationwide if the following monthly requirements are met:10 debit card purchasesone direct deposit or ACH auto...


Data for Q4 2011


Institution Statistics


Bank of Newington
FDIC Certificate #5704
BankRate ReportView
Year Established1919
Employees17
Primary RegulatorFDIC

Assets and Liabilities

Assets$70.39 million
Loans$53.09 million
Deposits$63.67 million
Equity Capital$4.96 million
Loan Loss Allowance$1.03 million
Unbacked Noncurrent Loans$1.97 million
Real Estate Owned$4.69 million

Historic Data - December 2010

Assets$75.98 million
Equity Capital$4.62 million
Loan Loss Allowance$1.68 million
Unbacked Noncurrent Loans$5.15 million
Real Estate Owned$6.74 million

Profit Margin - Quarterly

Net Interest Margin4.66%
Return on Assets-1.65%
Return on Equity-24.7%
Interest Income$3.79 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio1
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 December 31, 2011 Bank of Newington had $6.66 million in non-current loans and owned real-estate with $5.99 million in equity and loan loss allowances on hand to cover it. This gives Bank of Newington a Texas Ratio of 111.31% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Bank of Newington decreased significantly from 188.95% as of December 31, 2010 to 111.31% as of December 31, 2011, resulting in a positive change of 41.09%.This indicates that the balance sheet and financial strength for Bank of Newington has improved significantly in recent periods.
Deposit Growth1
In the past year, Bank of Newington has decreased its total deposits by -$7.23 million, resulting in -10.2% 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 poor.
Capitalization3
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 $70.39 million in assets with $5.99 million in equity, resulting in a capitalization level of 8.50%, which is average.
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