Newton Federal Bank


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

Newton Federal Bank is headquartered in Covington and is the 21st largest bank in the state of Georgia. It is also the 1,165th largest bank in the nation. It was established in 1928 and as of March of 2021, it had grown to 83 employees at 3 locations. Newton Federal Bank has an A+ health rating.

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Health
A+

Data as of Q1 2021

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
Employees83
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD9.8%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$798.4MM$646.0MM
LoansQ1 2021vs Q1 2020$619.3MM$520.9MM
DepositsQ1 2021vs Q1 2020$649.9MM$502.4MM
Equity CapitalQ1 2021vs Q1 2020$97.4MM$72.5MM
Loan Loss AllowanceQ1 2021vs Q1 2020$6.9MM$4.7MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$5.1MM$4.3MM
Real Estate OwnedQ1 2021vs Q1 2020$315.00K$772.00K
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
OTHER TIERS: 0.25% $50k+

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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