Overview / Commentary
Newton Federal Bank is headquartered in Covington and is the 18th largest bank in the state of Georgia. It is also the 1,006th largest bank in the nation. It was established in 1928 and as of September of 2020, it had grown to 82 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
A
Data as of Q3 2020
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 | 82 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.4% |
| Return on Equity - YTD | 3.75% |
| Annual Interest Income | $20.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $888.0MM$310.3MM |
| Loans | Q3 2020vs Q3 2019 | $623.7MM$247.9MM |
| Deposits | Q3 2020vs Q3 2019 | $628.6MM$241.6MM |
| Equity Capital | Q3 2020vs Q3 2019 | $80.3MM$61.9MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $5.7MM$4.2MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $3.7MM$2.2MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $1.3MM$140.00K |