Bank of Newington

Broad And Church Streets
Newington, GA 30446

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5704
Date Established 1919
Assets $0.12 billion
Loans $0.10 billion
Deposits $0.10 billion
Capital $0.01 billion

Bank of Newington is an FDIC insured institution located in Newington, GA. It was founded in 1919 and has approximately $0.12 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of Bank of Newington's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Newington’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Georgia, Bank of Newington has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 29.77
Multifamily
Mortgages
1.65
Credit Card Loans 0.00
Consumer Auto Loans 2.05
Small Business Loans 12.78
Construction and Development Loans 22.68
Commercial Real Estate 16.43
Commercial and Industrial Loans 11.15
Farm Loans 7.23

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.30% $1,000 $99,999 Learn MoreShow Less
3 Mo CD 100K
0.30% $100,000 - Learn MoreShow Less
6 Mo CD 10K
0.45% $1,000 $99,999 Learn MoreShow Less
6 Mo CD 100K
0.45% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.60% $1,000 $99,999 Learn MoreShow Less
Special: 24 Mo FIRA
2.02% $5,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.30% $2,500 $9,999 Learn MoreShow Less
MM 10K
0.50% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.55% $25,000 $99,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Newington

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
3.896% 3.875% 0.25 $628 $1,176 Learn More
PenFed Credit Union
NMLS ID: 401822
3.832% 3.750% 0.00 $2,500 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Newington
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Branches

Bank of Newington branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank of Newington Locations

Financial Details

Bank of Newington Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Newington. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Newington U.S. Bank Average
34.71% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Newington had $3,625,000 in non-current loans and $570,000 in owned real estate. To cover these potential losses it had $10,227,000 in equity and $1,858,000 in loans loss reserves. That gives it a Texas Ratio of 34.71%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Newington U.S. Bank Average
15.69% 8.58

Bank of Newington has a Return on Equity of 15.69% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Newington U.S. Bank Average
8.75% 12.11

Bank of Newington has a Capitalization of 8.75% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Newington Balance Sheet Analysis

As of June 30, 2017, Bank of Newington had assets of $116,929,000, loans of $100,896,000, and deposits of $102,993,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Bank of Newington

Branches and Savings

Is Bank of Newington FDIC insured?

Yes. It is covered under FDIC Certificate #5704.

Why does Bank of Newington pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank of Newington CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank of Newington a commercial bank?

Yes

Where are Bank of Newington locations?

See branch locations nearby.

Is Bank of Newington open on Saturdays?

Is Bank of Newington open on Sundays?

What time does Bank of Newington open?

What time does Bank of Newington close?

Are Bank of Newington ATMs Open 24/7?

Do Bank of Newington ATMs accept cash deposits?

Can Bank of Newington customers use other ATMs?

Do Bank of Newington branches have notaries?

Will Bank of Newington notarize my document?

What address for Bank of Newington should I put for incoming ACH transfers?

Will the Bank of Newington branch print checks?

Do Bank of Newington checks expire?

Does Bank of Newington require US citizenship to open account?

Can Bank of Newington close my account?

Does Bank of Newington Report to credit bureaus?

Does Bank of Newington Use Equifax?

What is Bank of Newington's ACH Routing Number?

What is Bank of Newington's SWIFT code?

Products

Does Bank of Newington offer mortgages?

Compare mortgage rates here.

Does Bank of Newington offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Newington offer personal loans?

Compare personal loan rates here.

Does Bank of Newington offer student loans?

Will Bank of Newington cash a check?

Will Bank of Newington redeem a savings bond?

Does Bank of Newington cash savings bonds?

Will Bank of Newington cash money orders?

Can Bank of Newington issue a money order?

Does Bank of Newington do currency exchange?

Background on The Bank

Who owns Bank of Newington?

How long has Bank of Newington been around?

Can Bank of Newington transfer to other banks?

Does Bank of Newington have quick pay?

Does Bank of Newington accept rolled coins?

Will Bank of Newington accept loose change?

Where is Bank of Newington headquarters?

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