Newton Federal Bank


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

Newton Federal Bank is headquartered in Covington and is the 19th largest bank in the state of Georgia. It is also the 1,059th largest bank in the nation. It was established in 1928 and as of December of 2020, it had grown to 81 employees at 3 locations. Newton Federal Bank has an A health rating.

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Health
A

Data as of Q4 2020

Capitalization grade does not factor in PPP loans and the use of the PPP Liquidity Facility.
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #29510
Year Established1928
Employees81
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD4.79%
Annual Interest Income$26.7MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$853.0MM$319.2MM
LoansQ4 2020vs Q4 2019$591.8MM$248.0MM
DepositsQ4 2020vs Q4 2019$643.0MM$250.2MM
Equity CapitalQ4 2020vs Q4 2019$82.0MM$62.6MM
Loan Loss AllowanceQ4 2020vs Q4 2019$6.4MM$4.2MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$4.9MM$2.6MM
Real Estate OwnedQ4 2020vs Q4 2019$1.3MM$140.00K
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
0.50%-$50kKasasa Saver

Newton Federal Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$40kKasasa Cash Checking
OTHER TIERS: 0.25% $40k+
Locations


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

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