Overview / Commentary
Newton Federal Bank is headquartered in Covington and is the 20th largest bank in the state of Georgia. It is also the 1,226th largest bank in the nation. It was established in 1928 and as of June of 2022, it had grown to 98 employees at 3 locations. Newton Federal Bank has a B+ health rating.
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Health
B+
Data as of Q2 2022
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 | 98 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 7.23% |
| Annual Interest Income | $14.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $766.4MM$786.7MM |
| Loans | Q2 2022vs Q2 2021 | $614.4MM$582.3MM |
| Deposits | Q2 2022vs Q2 2021 | $633.1MM$626.0MM |
| Equity Capital | Q2 2022vs Q2 2021 | $102.5MM$99.8MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $9.0MM$7.4MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $7.0MM$4.6MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $3.5MM$0 |