Overview / Commentary
NewBank is headquartered in Flushing and is the 83rd largest bank in the state of New York. It is also the 1,693rd largest bank in the nation. It was established in 2006 and as of September of 2020, it had grown to 48 employees at 6 locations. NewBank has an A+ health rating.
Health
A+
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58203 |
| Year Established | 2006 |
| Employees | 48 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 8.12% |
| Annual Interest Income | $12.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $477.0MM$447.9MM |
| Loans | Q3 2020vs Q3 2019 | $289.0MM$260.7MM |
| Deposits | Q3 2020vs Q3 2019 | $414.2MM$387.6MM |
| Equity Capital | Q3 2020vs Q3 2019 | $51.7MM$49.8MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $3.7MM$3.7MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $298.00K$573.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |