Newton Federal Bank

Overview / Commentary
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 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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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 matters

Health Grade Components

FDIC Certificate #29510
Year Established1928
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD6.45%
Annual Interest Income$42.7MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$843.1MM$792MM
LoansQ4 2023vs Q4 2022$651.1MM$636.9MM
DepositsQ4 2023vs Q4 2022$681.6MM$669MM
Equity CapitalQ4 2023vs Q4 2022$108.3MM$100.1MM
Loan Loss AllowanceQ4 2023vs Q4 2022$8.9MM$9.3MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$7.4MM$7MM
Real Estate OwnedQ4 2023vs Q4 2022$2.9MM$2.9MM
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Newton Federal Bank Savings Account Rates

0.50%*-$50kKasasa Saver
OTHER TIERS: 0.25% $50k+

Newton Federal Bank Checking Account Rates

1.00%*-$40kKasasa Cash Checking
OTHER TIERS: 0.25% $40k+

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

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