Newton Federal Bank

Overview / Commentary
3175 Highway 278
Covington, GA 30014

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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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 matters

Health Grade Components

FDIC Certificate #29510
Year Established1928
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD3.75%
Annual Interest Income$20.1MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$888.0MM$310.3MM
LoansQ3 2020vs Q3 2019$623.7MM$247.9MM
DepositsQ3 2020vs Q3 2019$628.6MM$241.6MM
Equity CapitalQ3 2020vs Q3 2019$80.3MM$61.9MM
Loan Loss AllowanceQ3 2020vs Q3 2019$5.7MM$4.2MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$3.7MM$2.2MM
Real Estate OwnedQ3 2020vs Q3 2019$1.3MM$140.00K
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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

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

Newton Federal Bank Money Market Rates

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

Newton Federal Bank Checking Account Rates

1.00%*-$50kKasasa Cash Checking
OTHER TIERS: 0.25% $50k+

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

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