Overview / Commentary
Newton Federal Bank is headquartered in Covington and is the 20th largest bank in the state of Georgia. It is also the 1,208th largest bank in the nation. It was established in 1928 and as of December of 2021, it had grown to 96 employees at 3 locations. Newton Federal Bank has a B+ health rating.
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Health
B+
Data as of Q4 2021
Capitalization grade does not factor in PPP loans and the use of the PPP Liquidity Facility.
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29510 |
| Year Established | 1928 |
| Employees | 96 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 7.97% |
| Annual Interest Income | $26.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $789.8MM$853.0MM |
| Loans | Q4 2021vs Q4 2020 | $575.7MM$591.8MM |
| Deposits | Q4 2021vs Q4 2020 | $626.4MM$643.0MM |
| Equity Capital | Q4 2021vs Q4 2020 | $103.2MM$82.0MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $8.6MM$6.4MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $7.0MM$4.9MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $3.5MM$1.3MM |