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NewBank


Overview / Commentary
www.newbankusa.com
718-353-8100
146-01 Northern Boulevard
Flushing, NY 11354

NewBank is headquartered in Flushing and is the 82nd largest bank in the state of New York. It is also the 1,792nd largest bank in the nation. It was established in 2006 and as of March of 2021, it had grown to 50 employees at 6 locations. NewBank has an A+ health rating.

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Health
A+

Data as of Q1 2021

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Health Grade Components

Overall
FDIC Certificate #58203
Year Established2006
Employees50
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.56%
Return on Equity - YTD14.28%
Annual Interest Income$4.1MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$471.7MM$440.2MM
LoansQ1 2021vs Q1 2020$326.5MM$239.6MM
DepositsQ1 2021vs Q1 2020$406.4MM$378.9MM
Equity CapitalQ1 2021vs Q1 2020$52.7MM$49.6MM
Loan Loss AllowanceQ1 2021vs Q1 2020$4.0MM$3.0MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$351.00K$5.3MM
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates

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Locations


NewBank Locations
Newbank146-01 Northern BoulevardFlushing, NY 11354
1475 Bergen Blvd Plaza West Branch1475 Bergen BlvdFort Lee, NJ 07024
Closter Branch189 Homans AvenueCloster, NJ 07624
25 West 32nd Street Branch25 West 32nd StreetNew York, NY 10001
Fort Lee Branch475 Park AvenueFort Lee, NJ 07024
Bayside Branch Office45-68 Frances Lewis Blvd.Bayside, NY 11361

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