Newton Federal Bank

Overview / Commentary
3175 Highway 278
Covington, GA 30014

Newton Federal Bank is headquartered in Covington and is the 21st largest bank in the state of Georgia. It is also the 1,194th largest bank in the nation. It was established in 1928 and as of March of 2020, it had grown to 90 employees at 3 locations. Newton Federal Bank's money market rates are 2X the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #29510
Year Established1928
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.88%
Return on Equity - YTD-6.32%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$646.0MM$309.9MM
LoansQ1 2020vs Q1 2019$520.9MM$235.4MM
DepositsQ1 2020vs Q1 2019$502.4MM$241.0MM
Equity CapitalQ1 2020vs Q1 2019$72.5MM$61.3MM
Loan Loss AllowanceQ1 2020vs Q1 2019$4.7MM$4.2MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$4.3MM$1.9MM
Real Estate OwnedQ1 2020vs Q1 2019$772.00K$283.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Newton Federal Bank Savings Account Rates

0.75%*-$50kKasasa Saver
OTHER TIERS: 0.25% $50k+

Newton Federal Bank Money Market Rates

1.00%*-$50kMoney Market Plus Account - New Money
OTHER TIERS: 0.50% $50k+

Newton Federal Bank Checking Account Rates

1.25%*-$50kKasasa Cash
OTHER TIERS: 0.25% $50k+

Newton Federal Bank Locations
Affinity Bank Branch400 Galleria Parkway Se, Suite 900Atlanta, GA 30339

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