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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 83rd largest bank in the state of New York. It is also the 1,660th largest bank in the nation. It was established in 2006 and as of June of 2020, it had grown to 49 employees at 6 locations. NewBank has an A+ health rating.

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Health
A+

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #58203
Year Established2006
Employees49
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD9.85%
Annual Interest Income$8.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$482.0MM$425.1MM
LoansQ2 2020vs Q2 2019$269.0MM$270.7MM
DepositsQ2 2020vs Q2 2019$419.3MM$367.3MM
Equity CapitalQ2 2020vs Q2 2019$51.1MM$47.9MM
Loan Loss AllowanceQ2 2020vs Q2 2019$3.3MM$3.1MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$302.00K$408.00K
Real Estate OwnedQ2 2020vs Q2 2019$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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