Overview / Commentary
Newton Federal Bank is headquartered in Covington and is the 50th largest bank in the state of Georgia. It is also the 2,145th largest bank in the nation. It was established in 1928 and as of March of 2019, it had grown to 85 employees at 2 locations. Newton Federal Bank has an A+ health rating.
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Health
A+
Data as of Q1 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 | 0.27% |
| Return on Equity - YTD | 1.39% |
| Annual Interest Income | $3.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $309.9MM$292.5MM |
| Loans | Q1 2019vs Q1 2018 | $235.4MM$227.1MM |
| Deposits | Q1 2019vs Q1 2018 | $241.0MM$216.7MM |
| Equity Capital | Q1 2019vs Q1 2018 | $61.3MM$59.2MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $4.2MM$4.2MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $1.9MM$6.4MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $283.00K$0 |
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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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | - | $50k | Kasasa Saver | ||
| OTHER TIERS: 0.25% → $50k+ | |||||
Newton Federal Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.25%* | - | $50k | Kasasa Cash | ||
| OTHER TIERS: 0.25% → $50k+ | |||||
Newton Federal Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.65% | $500 | - | 60 Month CD Special | |
| 1.35% | $500 | - | 36 Month CD Special |
Newton Federal Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.65% | $500 | - | 60 Month IRA Special | |
| 1.35% | $500 | - | 36 Month IRA Special |
Locations
| Newton Federal Bank Locations | ||
|---|---|---|
| Newton Federal Savings and Loan Eastside Branch | 8258 Highway 278 | Covington, GA 30014 |
| 10131 Car;om Avenue Branch | 10131 Carlin Ave | Covington, GA 30014 |
| Newton Federal Bank | 3175 Highway 278 | Covington, GA 30014 |