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Overview / Commentary
888-283-2611
128 East Broadway
Newton, KS 67114

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.

Reviews (1)

Arrogant And Pompous...

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.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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.

Texas Ratio Trend

GRADE:
B+

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.

Deposit Growth

GRADE:
A+

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.

Capitalization

GRADE:
C+

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.

Institution Statistics

Overall
FDIC Certificate #4738
Year Established1873
Employees54
Primary RegulatorFDIC
Assets and Liabilities
Assets$162.43 million
Loans$112.86 million
Deposits$148.43 million
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
Assets$153.10 million
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 Margin3.8%
Return on Assets0.98%
Return on Equity11.6%
Interest Income$6.22 million
Rates

Always verify rates and promotions with the bank or credit union. We are not First Bank of Newton, we are a rate comparison website and can not provide official rates or promotions.

First Bank of Newton Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$50-Regular Savings Account
0.15%--Youth Savings Account
0.15%--Senior Savings Account
0.15%$50-Business Savings Account

First Bank of Newton Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$10k-Preferred Business Money Market Account
0.20%$1k-Money Market Savings Account
0.19%$1k-Business Money Market Account

First Bank of Newton Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$10k-Preferred NOW Checking Account
0.10%$100-First Advantage Checking Account
0.10%--Senior Advantage Checking Account

First Bank of Newton CD Rates

DetailsAPYMINMAXPRODUCT
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

First Bank of Newton IRA Rates

DetailsAPYMINMAXPRODUCT
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)
Locations


First Bank of Newton Locations
First Bank - Dillons Branch Bank1216 North Main StreetNewton, KS 67114
First Bank Of Newton128 East Broadway StreetNewton, KS 67114
Newton Branch1404 South Kansas AvenueNewton, KS 67114
Hesston Branch347-A N. Old Hwy 81Hesston, KS 67062