NewDominion Bank

1111 Metropolitan Avenue
Charlotte, NC 28204

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57888
Date Established 2005
Assets $0.35 billion
Loans $0.27 billion
Deposits $0.28 billion
Capital $0.04 billion

NewDominion Bank is an FDIC insured institution located in Charlotte, NC. It was founded in 2005 and has approximately $0.33 billion in assets. Customers can open an account at one of its 3 branches.

For a more detailed analysis of NewDominion Bank'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 NewDominion Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks, NewDominion Bank’s loan portfolio does not show any specific loan specialty.

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 35.50
Multifamily
Mortgages
1.90
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 15.70
Construction and Development Loans 11.41
Commercial Real Estate 44.59
Commercial and Industrial Loans 7.25
Farm Loans 0.00

Deposit Rates - November 20, 2018

Your Current Location: Virginia, VA 20146

Online Only CD Rates of New Dominion Direct

Online CD Rates APY MIN MAX
There are currently no rates available for Newdominion Bank, but see these great savings and CD rates:

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Bank Online Offers

Loan Rates - November 20, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for NewDominion Bank

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 2018

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Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.49% $284 Learn More
Third Federal Savings and Loans 4.24% $246 Learn More

Note to NewDominion Bank
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Branches

NewDominion Bank 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


NewDominion Bank Locations

Financial Details

NewDominion Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of NewDominion Bank. 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
NewDominion Bank U.S. Bank Average
0.78% 7.92%

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 June 30, 2018, NewDominion Bank had $358,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $42,642,000 in equity and $3,053,000 in loans loss reserves. That gives it a Texas Ratio of 0.78%.

Return on Equity
NewDominion Bank U.S. Bank Average
4.37% 9.77%

NewDominion Bank has a Return on Equity of 4.37% versus the BestCashCow average of 9.77%. 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
NewDominion Bank U.S. Bank Average
12.3% 12.31%

NewDominion Bank has a Capitalization of 12.3% versus the BestCashCow average of 12.31. 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.

NewDominion Bank Balance Sheet Analysis

As of June 30, 2018, NewDominion Bank had assets of $328,629,000, loans of $274,864,000, and deposits of $283,800,000. 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

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.04 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.27 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 $0.01 billion
     Total Assets $0.29 billion
LIABILITIES
Total deposits $0.28 billion
      Interest-bearing deposits $0.19 billion
      Deposits held in domestic offices $0.28 billion
      % insured (estimated) 56.05%
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 $0.29 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

June 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 $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Newdominion Bank

Branches and Savings

Is Newdominion Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57888.

Why does Newdominion Bank pay such low interest on savings accounts?

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

Why are Newdominion Bank CD rates not competitive?

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

Is Newdominion Bank a commercial bank?

Yes

Where are Newdominion Bank locations?

See branch locations nearby.

Is Newdominion Bank open on Saturdays?

Is Newdominion Bank open on Sundays?

What time does Newdominion Bank open?

What time does Newdominion Bank close?

Are Newdominion Bank ATMs Open 24/7?

Do Newdominion Bank ATMs accept cash deposits?

Can Newdominion Bank customers use other ATMs?

Do Newdominion Bank branches have notaries?

Will Newdominion Bank notarize my document?

What address for Newdominion Bank should I put for incoming ACH transfers?

Will the Newdominion Bank branch print checks?

Do Newdominion Bank checks expire?

Does Newdominion Bank require US citizenship to open account?

Can Newdominion Bank close my account?

Does Newdominion Bank Report to credit bureaus?

Does Newdominion Bank Use Equifax?

What is Newdominion Bank's ACH Routing Number?

What is Newdominion Bank's SWIFT code?

Products

Does Newdominion Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Newdominion Bank offer personal loans?

Compare personal loan rates here.

Does Newdominion Bank offer student loans?

Will Newdominion Bank cash a check?

Will Newdominion Bank redeem a savings bond?

Does Newdominion Bank cash savings bonds?

Will Newdominion Bank cash money orders?

Can Newdominion Bank issue a money order?

Does Newdominion Bank do currency exchange?

Background on The Bank

Who owns Newdominion Bank?

How long has Newdominion Bank been around?

Can Newdominion Bank transfer to other banks?

Does Newdominion Bank have quick pay?

Does Newdominion Bank accept rolled coins?

Will Newdominion Bank accept loose change?

Where is Newdominion Bank headquarters?

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