Overview / Commentary
Newton Federal Bank is headquartered in Covington and is the 48th largest bank in the state of Georgia. It is also the 2,149th largest bank in the nation. It was established in 1928 and as of September of 2019, it had grown to 85 employees at 2 locations. Newton Federal Bank's money market rates are 4X the national average, and it has an A health rating.
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Health
A
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29510 |
| Year Established | 1928 |
| Employees | 85 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.2% |
| Return on Equity - YTD | 1.01% |
| Annual Interest Income | $10.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $310.3MM$308.0MM |
| Loans | Q3 2019vs Q3 2018 | $247.9MM$223.0MM |
| Deposits | Q3 2019vs Q3 2018 | $241.6MM$232.2MM |
| Equity Capital | Q3 2019vs Q3 2018 | $61.9MM$60.2MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $4.2MM$3.9MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $2.2MM$2.2MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $140.00K$67.00K |