NewBank

NewBank Locations
146-01 Northern Boulevard
Flushing, NY 11354
www.newbankusa.com

NewBank is headquartered in Flushing and is the 141st largest bank in the state of New York. It is also the 3,882nd largest bank in the nation. It was established in 2006 and as of March of 2012, it had grown to 26 employees at 3 locations. NewBank has a 5-star health rating.

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Data for Q1 2012


Institution Statistics


NewBank
FDIC Certificate #58203
BankRate ReportView
Year Established2006
Employees26
Primary RegulatorFDIC

Assets and Liabilities

Assets$149.48 million
Loans$103.60 million
Deposits$128.61 million
Equity Capital$15.91 million
Loan Loss Allowance$2.43 million
Unbacked Noncurrent Loans$2.57 million

Historic Data - March 2011

Assets$133.45 million
Equity Capital$13.70 million
Loan Loss Allowance$1.89 million
Unbacked Noncurrent Loans$1.96 million

Profit Margin - Quarterly

Net Interest Margin4.92%
Return on Assets1.94%
Return on Equity18.07%
Interest Income$1.98 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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 March 31, 2012 NewBank had $2.57 million in non-current loans and owned real-estate with $18.35 million in equity and loan loss allowances on hand to cover it. This gives NewBank a Texas Ratio of 14.01% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for NewBank held steady from 12.56% as of March 31, 2011 to 14.01% as of March 31, 2012, resulting in a negative change of 11.51%. This indicates that the balance sheet and financial strength for NewBank has held steady in recent periods.
Deposit Growth5
In the past year, NewBank has increased its total deposits by $16.78 million, resulting in 15% 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 NewBank has shown is excellent.
Capitalization5
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. NewBank has $149.48 million in assets with $18.35 million in equity, resulting in a capitalization level of 12.27%, which is excellent.
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