146-01 Northern Boulevard
Flushing, NY 11354


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58203
Date Established 2006
Assets $0.43 billion
Loans $0.26 billion
Deposits $0.37 billion
Capital $0.05 billion

NewBank is an FDIC insured institution located in Flushing, NY. It was founded in 2006 and has approximately $0.43 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.

Deposit Rates - September 17, 2019

Your Current Location: Connecticut, CT 06828

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
3 Mo CD
0.50% $1,000 - Learn MoreShow Less
6 Mo CD
1.10% $1,000 - Learn MoreShow Less
12 Mo CD
2.25% $1,000 - Learn MoreShow Less
24 Mo CD
2.35% $1,000 - Learn MoreShow Less

Fixed IRA
2.25% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $100 - Learn MoreShow Less

Loan Rates - September 17, 2019

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.662% 3.625% 0.50 $1,130 $1,141 Learn More
First Internet Bank
NMLS ID: 424182
3.886% 3.875% 0.13 $345 $1,176 Learn More
Bethpage Federal Credit Union
NMLS ID: 449104
3.703% 3.625% 0.25 $2,419 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to NewBank
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NewBank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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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 are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
NewBank U.S. Bank Average
1.41% 6.94%

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 March 31, 2019, NewBank had $716,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $47,629,000 in equity and $3,011,000 in loans loss reserves. That gives it a Texas Ratio of 1.41%.

Return on Equity
NewBank U.S. Bank Average
11.46% 9.47%

NewBank has a Return on Equity of 11.46% versus the BestCashCow average of 9.47%. 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.

NewBank U.S. Bank Average
11.09% 12.49%

NewBank has a Capitalization of 11.09% versus the BestCashCow average of 12.49. 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 March 31, 2019, NewBank had assets of $429,468,000, loans of $264,514,000, and deposits of $370,445,000. 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

March 31, 2019
Cash & Balances due from depository institutions $0.16 billion
Interest-bearing balances $0.15 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.26 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 $0.38 billion
Total deposits $0.37 billion
      Interest-bearing deposits $0.29 billion
      Deposits held in domestic offices $0.37 billion
      % insured (estimated) 66.34%
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 $0.01 billion
      Total Liabilities $0.38 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

March 31, 2019
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.25
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 4.58
Commercial Real Estate 54.35
Commercial and Industrial Loans 41.33
Farm Loans 0.00

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?


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?


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

  • October 16, 2018 |

    CDs 12 Month Rates

    excellent and friendly service

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