Overview / Commentary
Newton Federal Bank is headquartered in COVINGTON and is the 17th largest bank in the state of Georgia. It is also the 1,169th largest bank in the nation. It was established in 1928 and as of December of 2023, it had grown to 92 employees at 3 locations. Newton Federal Bank has a B+ health rating.
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Health
B+
Data as of Q4 2023
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 | 92 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.78% |
| Return on Equity - YTD | 6.45% |
| Annual Interest Income | $42.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $843.1MM$792MM |
| Loans | Q4 2023vs Q4 2022 | $651.1MM$636.9MM |
| Deposits | Q4 2023vs Q4 2022 | $681.6MM$669MM |
| Equity Capital | Q4 2023vs Q4 2022 | $108.3MM$100.1MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $8.9MM$9.3MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $7.4MM$7MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $2.9MM$2.9MM |