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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 70th largest bank in the state of New York. It is also the 1,468th largest bank in the nation. It was established in 2006 and as of June of 2023, it had grown to 54 employees at 6 locations. NewBank has an A+ health rating.

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Health
A+

Data as of Q2 2023

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Health Grade Components

Overall
FDIC Certificate #58203
Year Established2006
Employees54
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.01%
Return on Equity - YTD18.13%
Annual Interest Income$21.5MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$613.0MM$564.0MM
LoansQ2 2023vs Q2 2022$338.2MM$308.6MM
DepositsQ2 2023vs Q2 2022$528.9MM$497.0MM
Equity CapitalQ2 2023vs Q2 2022$69.8MM$61.4MM
Loan Loss AllowanceQ2 2023vs Q2 2022$3.2MM$3.1MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$809.00K$440.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates

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Locations


NewBank Locations
Newbank14601 Northern BlvdFlushing, 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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