Newport Federal Bank

170 West Broadway
Newport, TN 37821

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29089
Date Established 1934
Assets $0.21 billion
Loans $0.11 billion
Deposits $0.19 billion
Capital $0.02 billion

Newport Federal Bank is an FDIC insured institution located in Newport, TN. It was founded in 1934 and has approximately $0.21 billion in assets. Customers can open an account at one of its 3 branches.

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

Deposit Rates - October 14, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.30% $1 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.40% $1,000 - Learn MoreShow Less
6 Mo CD
0.50% $1,000 - Learn MoreShow Less
12 Mo CD
1.00% $1,000 - Learn MoreShow Less
Special: 13 Mo CD
1.86% $1,000 - Learn MoreShow Less
18 Mo CD
1.10% $1,000 - Learn MoreShow Less
24 Mo CD
1.15% $1,000 - Learn MoreShow Less
30 Mo CD
1.20% $1,000 - Learn MoreShow Less
36 Mo CD
1.86% $1,000 - Learn MoreShow Less
48 Mo CD
1.76% $1,000 - Learn MoreShow Less
60 Mo CD
2.02% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
2.17% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $500 - Learn MoreShow Less

Loan Rates - October 14, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Newport Federal 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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.643% 3.625% 0.25 $560 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Virginia 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
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to Newport Federal Bank
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Branches

Newport Federal 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


Newport Federal Bank Locations


Financial Details

Newport Federal Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Newport Federal 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
Newport Federal Bank U.S. Bank Average
0.61% 6.77%

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, 2019, Newport Federal Bank had $101,000 in non-current loans and $51,000 in owned real estate. To cover these potential losses it had $23,365,000 in equity and $1,504,000 in loans loss reserves. That gives it a Texas Ratio of 0.61%.

Return on Equity
Newport Federal Bank U.S. Bank Average
6.89% 9.50%

Newport Federal Bank has a Return on Equity of 6.89% versus the BestCashCow average of 9.50%. 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
Newport Federal Bank U.S. Bank Average
10.98% 12.76%

Newport Federal Bank has a Capitalization of 10.98% versus the BestCashCow average of 12.76. 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.

Newport Federal Bank Balance Sheet Analysis

As of June 30, 2019, Newport Federal Bank had assets of $212,718,000, loans of $105,568,000, and deposits of $187,446,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.08 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.11 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 $0.19 billion
LIABILITIES
Total deposits $0.19 billion
      Interest-bearing deposits $0.16 billion
      Deposits held in domestic offices $0.19 billion
      % insured (estimated) 76.36%
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 $0.19 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 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 Newport Federal Bank’s loan portfolio are 1-4 Family Residential Loans, Small Business Loans, and Commercial Real Estate.

Compared to other banks in Tennessee, Newport Federal Bank has a significantly higher percent of 1-4 Family Residential 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 79.46
Multifamily
Mortgages
1.93
Credit Card Loans 0.00
Consumer Auto Loans 0.80
Small Business Loans 10.18
Construction and Development Loans 5.52
Commercial Real Estate 10.18
Commercial and Industrial Loans 0.26
Farm Loans 0.00

Frequently Asked Questions About Newport Federal Bank

Branches and Savings

Is Newport Federal Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29089.

Why does Newport Federal Bank pay such low interest on savings accounts?

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

Why are Newport Federal Bank CD rates not competitive?

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

Is Newport Federal Bank a commercial bank?

Yes

Where are Newport Federal Bank locations?

See branch locations nearby.

Is Newport Federal Bank open on Saturdays?

Is Newport Federal Bank open on Sundays?

What time does Newport Federal Bank open?

What time does Newport Federal Bank close?

Are Newport Federal Bank ATMs Open 24/7?

Do Newport Federal Bank ATMs accept cash deposits?

Can Newport Federal Bank customers use other ATMs?

Do Newport Federal Bank branches have notaries?

Will Newport Federal Bank notarize my document?

What address for Newport Federal Bank should I put for incoming ACH transfers?

Will the Newport Federal Bank branch print checks?

Do Newport Federal Bank checks expire?

Does Newport Federal Bank require US citizenship to open account?

Can Newport Federal Bank close my account?

Does Newport Federal Bank Report to credit bureaus?

Does Newport Federal Bank Use Equifax?

What is Newport Federal Bank's ACH Routing Number?

What is Newport Federal Bank's SWIFT code?

Products

Does Newport Federal Bank offer mortgages?

Compare mortgage rates here.

Does Newport Federal Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Newport Federal Bank offer personal loans?

Compare personal loan rates here.

Does Newport Federal Bank offer student loans?

Will Newport Federal Bank cash a check?

Will Newport Federal Bank redeem a savings bond?

Does Newport Federal Bank cash savings bonds?

Will Newport Federal Bank cash money orders?

Can Newport Federal Bank issue a money order?

Does Newport Federal Bank do currency exchange?

Background on The Bank

Who owns Newport Federal Bank?

How long has Newport Federal Bank been around?

Can Newport Federal Bank transfer to other banks?

Does Newport Federal Bank have quick pay?

Does Newport Federal Bank accept rolled coins?

Will Newport Federal Bank accept loose change?

Where is Newport Federal Bank headquarters?

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