Newton Federal Bank


Overview / Commentary
770-786-7088
3175 Highway 278
Covington, GA 30014

Newton Federal Bank is headquartered in Covington and is the 17th largest bank in the state of Georgia. It is also the 985th largest bank in the nation. It was established in 1928 and as of June of 2020, it had grown to 85 employees at 3 locations. Newton Federal Bank's money market rates are 14% higher than the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #29510
Year Established1928
Employees85
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.05%
Return on Equity - YTD0.42%
Annual Interest Income$13.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$909.9MM$306.6MM
LoansQ2 2020vs Q2 2019$636.1MM$243.7MM
DepositsQ2 2020vs Q2 2019$629.9MM$237.0MM
Equity CapitalQ2 2020vs Q2 2019$78.9MM$61.8MM
Loan Loss AllowanceQ2 2020vs Q2 2019$5.0MM$4.2MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$4.0MM$1.5MM
Real Estate OwnedQ2 2020vs Q2 2019$1.2MM$0
Rates
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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

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

Newton Federal Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*-$50kMoney Market Plus Account - New Money
OTHER TIERS: 0.40% $50k+

Newton Federal Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*-$50kKasasa Cash Checking
OTHER TIERS: 0.25% $50k+
Locations


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

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