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1111 Metropolitan Avenue
Charlotte, NC 28204

NewDominion Bank is headquartered in Charlotte and is the 38th largest bank in the state of North Carolina. It is also the 2,297th largest bank in the nation. It was established in 2005 and as of June of 2014, it had grown to 50 employees at 3 locations. NewDominion Bank's money market rates are 59% higher than the national average, but it has a C health rating.

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Data for Q2 2014

Institution Health


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 June 30, 2014 NewDominion Bank had $13.97 million in non-current loans and owned real-estate with $22.68 million in equity and loan loss allowances on hand to cover it. This gives NewDominion Bank a Texas Ratio of 61.60% 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 NewDominion Bank decreased dramatically from 101.17% as of June 30, 2013 to 61.60% as of June 30, 2014, resulting in a positive change of 39.12%.This indicates that the balance sheet and financial strength for NewDominion Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, NewDominion Bank has decreased its total deposits by -$19.97 million, resulting in -7.67% 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 NewDominion Bank has shown is below 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. NewDominion Bank has $280.89 million in assets with $22.68 million in equity, resulting in a capitalization level of 8.07%, which is average.

Institution Statistics

FDIC Certificate #57888
Year Established2005
Primary RegulatorFDIC
Assets and Liabilities
Assets$280.89 million
Loans$216.97 million
Deposits$240.24 million
Equity Capital$16.69 million
Loan Loss Allowance$5.99 million
Unbacked Noncurrent Loans$4.00 million
Real Estate Owned$9.97 million
Historic Data - June 2013
Assets$297.28 million
Equity Capital$17.88 million
Loan Loss Allowance$6.04 million
Unbacked Noncurrent Loans$4.00 million
Real Estate Owned$14.65 million
Profit Margin - Quarterly
Return on Assets0.25%
Return on Equity4.31%
Interest Income$5.70 million

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NewDominion Bank Savings Account Rates

0.55%--Cash Back Saver - Qualifying
0.35%--Cash Back Saver - Non-Qualifying
0.35%--Holiday Saver
0.35%--Vacation Saver
0.35%--NDB Saver
0.25%--IOLTA Account

NewDominion Bank Money Market Rates

0.70%$10k-NDB Money Market
0.55%$100k-Commercial Money Market

NewDominion Bank Checking Account Rates

0.25%$1,500-Commercial NOW Account
0.15%$100-FirstRate Checking

NewDominion Bank CD Rates

1.00%$1k-18 Month Fixed Rate CD
0.70%$1k-13 Month Fixed Rate CD
0.65%$1k-24 Month Fixed Rate CD
0.60%$1k-9 Month Fixed Rate CD
0.60%$1k-12 Month Fixed Rate CD
0.50%$1k-30 Month Fixed Rate CD
0.50%$1k-36 Month Fixed Rate CD
0.50%$1k-48 Month Fixed Rate CD
0.50%$1k-60 Month Fixed Rate CD
0.30%$1k-6 Month Fixed Rate CD
0.25%$1k-3 Month Fixed Rate CD

NewDominion Bank IRA Rates

0.65%$500-24 Month IRA
0.60%$500-12 Month IRA
0.50%$500-36 Month IRA
0.50%$500-48 Month IRA
0.50%$500-60 Month IRA
0.30%$500-6 Month IRA
0.25%$500-3 Month IRA

NewDominion Bank Locations
Newdominion Bank1111 Metropolitan AvenueCharlotte, NC 28204
Mooresville Office124 Trade Court, Suite AMooresville, NC 28117