Bank of Newman Grove

Our records indicate that this bank has been acquired by Citizens State Bank.


416 Hale Ave
Newman Grove, NE 68758
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Notable Rates APY Vs.Others
Savings N.A. 6.25% →
1-Year CD N.A. 5.25% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.67% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2023 Overview

General Bank Information

Bank of Newman Grove is an FDIC insured institution located in Newman Grove, NE. It was founded in 0000 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 5447
Date Established 0000
Assets $ 33.69 million
Loans $ 11.87 million
Deposits $ 32.08 million
Capital $ 2.82 million

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

Deposit Rates - June 7, 2023

Your Current Location: Virginia, VA 20146


Loan Rates - June 7, 2023

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Newman Grove

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 2023

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
6.367% 6.250%
0.88 points
$3,095 fees
$1,540 Learn More
NMLS ID: 1907
6.794% 6.625%
0.75 points
$4,375 fees
$1,601 Learn More
Good Day Financial, LLC
NMLS ID: 1984206
License#: #: MC-7440
7.167% 6.999%
1.00 points
$4,492 fees
$1,664 Learn More
NMLS ID: Not a Lender

Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2023

Lender APR (%)? Monthly Payment? Learn More

Note to Bank of Newman Grove
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Climate Initiatives

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Financial Details

Bank of Newman Grove Ratio Analysis

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

Texas Ratio
Bank of Newman Grove U.S. Bank Average
22.67% 4.09%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2022, Bank of Newman Grove had $666,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,817,000 in equity and $121,000 in loans loss reserves. That gives it a Texas Ratio of 22.67%.

Return on Equity
Bank of Newman Grove U.S. Bank Average
-2.13% 10.02%

Bank of Newman Grove has a Return on Equity of -2.13% versus the BestCashCow average of 10.02%. 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.

Bank of Newman Grove U.S. Bank Average
8.36% 10.44%

Bank of Newman Grove has a Capitalization of 8.36% versus the BestCashCow average of 10.44. 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 Newman Grove Balance Sheet Analysis

As of December 31, 2021, Bank of Newman Grove had assets of $36,137,000, loans of $11,866,000, and deposits of $32,079,000. 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.

Summary Balance Sheet

December 31, 2022
Cash & Balances due from depository institutions $ 1.46 million
Interest-bearing balances $ 0.11 million
Total securities $ 12.68 million
Federal funds sold and reverse repurchase $ 9.53 million
Net loans and leases $ 11.87 million
Loan loss allowance $ 0.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 0.51 million
     Total Assets $ 33.32 million
Total deposits $ 32.08 million
      Interest-bearing deposits $ 23.60 million
      Deposits held in domestic offices $ 32.08 million
      % insured (estimated) 79.10%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.23 million
Subordinated debt N.A.
All other liabilities $ 0.01 million
      Total Liabilities $ 33.32 million
      Shareholders’ Equity $ 0.37 million

Summary Income Statement

December 31, 2022
Total Interest Income $ 0.59 million
Total Interest Expense $ 0.07 million
Net interest income $ 0.52 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.16 million
Total non interest expense $ 0.91 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Bank of Newman Grove’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Nebraska, Bank of Newman Grove has a significantly higher percent of Farm 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.42
Construction and Development Loans 0.00
Commercial Real Estate 0.42
Commercial and Industrial Loans 3.38
Farm Loans 75.89

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