NewBank

146-01 Northern Boulevard
Flushing, NY 11354

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58203
Date Established 2006
Assets $0.38 billion
Loans $0.24 billion
Deposits $0.32 billion
Capital $0.05 billion

NewBank is an FDIC insured institution located in Flushing, NY. It was founded in 2006 and has approximately $0.38 billion in assets. Customers can open an account at one of its 5 branches.

For a more detailed analysis of NewBank'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 NewBank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in New York, NewBank has a significantly higher percent of Commercial Real Estate, Commercial and Industrial 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 0.28
Multifamily
Mortgages
1.51
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 7.95
Commercial Real Estate 49.50
Commercial and Industrial Loans 41.99
Farm Loans 0.00

Deposit Rates - March 22, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.35% $2,000 $24,999 Learn MoreShow Less
Money Market
0.75% $25,000 $99,999 Learn MoreShow Less
Premium Money Market Account
0.35% $2,000 $499,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $1,000 - Learn MoreShow Less
6 Mo CD
1.10% $1,000 - Learn MoreShow Less
12 Mo CD
2.55% $1,000 - Learn MoreShow Less
24 Mo CD
2.45% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
2.55% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $100 - Learn MoreShow Less

Loan Rates - March 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for NewBank

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.560% 4.560% 0.00 $0 $1,276 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to NewBank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

NewBank 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


NewBank Locations


Financial Details

NewBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of NewBank. 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
NewBank U.S. Bank Average
6.66% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2018, NewBank had $2,808,000 in non-current loans and $472,000 in owned real estate. To cover these potential losses it had $46,653,000 in equity and $2,560,000 in loans loss reserves. That gives it a Texas Ratio of 6.66%.

Return on Equity
NewBank U.S. Bank Average
14.4% 9.95%

NewBank has a Return on Equity of 14.4% versus the BestCashCow average of 9.95%. 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
NewBank U.S. Bank Average
12.44% 12.19%

NewBank has a Capitalization of 12.44% versus the BestCashCow average of 12.19. 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.

NewBank Balance Sheet Analysis

As of September 30, 2018, NewBank had assets of $375,125,000, loans of $237,995,000, and deposits of $320,775,000. 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

September 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.13 billion
Interest-bearing balances $0.12 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.24 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.33 billion
LIABILITIES
Total deposits $0.32 billion
      Interest-bearing deposits $0.24 billion
      Deposits held in domestic offices $0.32 billion
      % insured (estimated) 66.70%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.33 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

September 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Newbank

Branches and Savings

Is Newbank FDIC insured?

Yes. It is covered under FDIC Certificate #58203.

Why does Newbank pay such low interest on savings accounts?

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

Why are Newbank CD rates not competitive?

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

Is Newbank a commercial bank?

Yes

Where are Newbank locations?

See branch locations nearby.

Is Newbank open on Saturdays?

Is Newbank open on Sundays?

What time does Newbank open?

What time does Newbank close?

Are Newbank ATMs Open 24/7?

Do Newbank ATMs accept cash deposits?

Can Newbank customers use other ATMs?

Do Newbank branches have notaries?

Will Newbank notarize my document?

What address for Newbank should I put for incoming ACH transfers?

Will the Newbank branch print checks?

Do Newbank checks expire?

Does Newbank require US citizenship to open account?

Can Newbank close my account?

Does Newbank Report to credit bureaus?

Does Newbank Use Equifax?

What is Newbank's ACH Routing Number?

What is Newbank's SWIFT code?

Products

Does Newbank offer mortgages?

Compare mortgage rates here.

Does Newbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Newbank offer personal loans?

Compare personal loan rates here.

Does Newbank offer student loans?

Will Newbank cash a check?

Will Newbank redeem a savings bond?

Does Newbank cash savings bonds?

Will Newbank cash money orders?

Can Newbank issue a money order?

Does Newbank do currency exchange?

Background on The Bank

Who owns Newbank?

How long has Newbank been around?

Can Newbank transfer to other banks?

Does Newbank have quick pay?

Does Newbank accept rolled coins?

Will Newbank accept loose change?

Where is Newbank headquarters?

Customer Reviews for NewBank


  • annak

    October 16, 2018 |

    CDs 12 Month Rates

    excellent and friendly service

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