First Bank of Newton is headquartered in Newton and is the 81st largest bank in the state of Kansas. It is also the 3,529th largest bank in the nation. It was established in 1873 and as of December of 2013, it had grown to 54 employees at 4 locations. First Bank of Newton has a A health rating.
I have been a multiple account holder and have had SEVERAL loans through this bank and I never ever had a problem. Until the loan officer I ALWAYS worked with retired. His replacement is arrogant to the point he smells of it. Extremely unprofessional when it comes to appropriate business language and lacks any measurable amount of class or tact. I'll be removing my money from this bank and looking for another.
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, 2013 First Bank of Newton had $998,000 in non-current loans and owned real-estate with $15.34 million in equity and loan loss allowances on hand to cover it. This gives First Bank of Newton a Texas Ratio of 6.51% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for First Bank of Newton decreased slightly from 8.10% as of December 31, 2012 to 6.51% as of December 31, 2013, resulting in a positive change of 19.68%.This indicates that the balance sheet and financial strength for First Bank of Newton has improved slightly in recent periods.
In the past year, First Bank of Newton has increased its total deposits by $8.3 million, resulting in 5.93% 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 First Bank of Newton 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. First Bank of Newton has $162.43 million in assets with $15.34 million in equity, resulting in a capitalization level of 9.44%, which is average.
|FDIC Certificate #||4738|
|Assets and Liabilities|
|Equity Capital||$13.61 million|
|Loan Loss Allowance||$1.73 million|
|Unbacked Noncurrent Loans||$584,000|
|Real Estate Owned||$414,000|
|Historic Data - December 2012|
|Equity Capital||$12.69 million|
|Loan Loss Allowance||$1.70 million|
|Unbacked Noncurrent Loans||$584,000|
|Real Estate Owned||$355,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.8%|
|Return on Assets||0.98%|
|Return on Equity||11.6%|
|Interest Income||$6.22 million|
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|0.15%||$50||-||Regular Savings Account|
|0.15%||-||-||Youth Savings Account|
|0.15%||-||-||Senior Savings Account|
|0.15%||$50||-||Business Savings Account|
|0.30%||$10k||-||Preferred Business Money Market Account|
|0.20%||$1k||-||Money Market Savings Account|
|0.19%||$1k||-||Business Money Market Account|
|0.30%||$10k||-||Preferred NOW Checking Account|
|0.10%||$100||-||First Advantage Checking Account|
|0.10%||-||-||Senior Advantage Checking Account|
|1.51%||$500||-||60 Month CD|
|1.36%||$500||-||48 - 59 Month CD|
|1.00%||$500||-||36 - 47 Month CD|
|0.70%||$500||-||24 - 35 Month CD|
|0.60%||$1k||-||15 Month Jump CD Special|
|0.50%||$500||-||12 - 23 Month CD|
|0.40%||$500||-||182 - 364 Day CD|
|0.25%||$500||-||91 - 181 Day CD|
|0.15%||$2,500||-||7 - 90 Day CD|
|1.36%||$500||-||48 Month Fixed Rate IRA (Traditional,Roth,CESA)|
|1.00%||$500||-||36 Month Fixed Rate IRA (Traditional,Roth,CESA)|
|0.70%||$500||-||24 Month Fixed Rate IRA (Traditional,Roth,CESA)|
|0.60%||$1k||-||15 Month Jump IRA Special (Traditional,Roth,CESA)|
|0.50%||$500||-||12 - 18 Month Fixed Rate IRA (Traditional,Roth,CESA)|
|0.50%||$25||-||12 - 18 Month Variable Rate IRA (Traditional,Roth,CESA)|
|0.40%||$500||-||6 Month Fixed Rate IRA (Traditional,Roth,CESA)|
|First Bank of Newton Locations|
|First Bank - Dillons Branch Bank||1216 North Main Street||Newton, KS 67114|
|First Bank Of Newton||128 East Broadway Street||Newton, KS 67114|
|Newton Branch||1404 South Kansas Avenue||Newton, KS 67114|
|Hesston Branch||347-A N. Old Hwy 81||Hesston, KS 67062|