Overview / Commentary
Newton Federal Bank is headquartered in COVINGTON and is the 18th largest bank in the state of Georgia. It is also the 1,149th largest bank in the nation. It was established in 1928 and as of March of 2024, it had grown to 89 employees at 3 locations. Newton Federal Bank has a B+ health rating.
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Health
B+
Data as of Q1 2024
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 | 89 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.7% |
| Return on Equity - YTD | 5.45% |
| Annual Interest Income | $11.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2024vs Q1 2023 | $869.6MM$932.2MM |
| Loans | Q1 2024vs Q1 2023 | $666.1MM$652.4MM |
| Deposits | Q1 2024vs Q1 2023 | $694.6MM$760.6MM |
| Equity Capital | Q1 2024vs Q1 2023 | $110.2MM$102.5MM |
| Loan Loss Allowance | Q1 2024vs Q1 2023 | $8.6MM$9.2MM |
| Unbacked Noncurrent Loans | Q1 2024vs Q1 2023 | $7.2MM$6.3MM |
| Real Estate Owned | Q1 2024vs Q1 2023 | $2.9MM$2.9MM |