Newport Federal Savings Bank

Headquarters

100 Bellevue Avenue
Newport, RI 02840
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Newport Federal Savings Bank is an FDIC insured institution located in Newport, RI. It was founded in 1888 and has approximately $0.43 billion in assets.

FDIC Insured Yes
FDIC Certificate # 30626
Date Established 1888
Assets $ 426.25 million
Loans $ 356.29 million
Deposits $ 281.42 million
Capital $ 46.90 million
 

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Newport Federal Savings 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.539% 2.500% 0.50 $1,304 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.669% 2.625% 0.63 $1,450 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
$0 Learn More
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Note to Newport Federal Savings Bank
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Branches

Newport Federal Savings 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 Savings Bank Locations


Financial Details

Newport Federal Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Newport Federal Savings 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 Savings Bank U.S. Bank Average
3.54% 6.94%

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 March 31, 2020, Newport Federal Savings Bank had $1,639,000 in non-current loans and $160,000 in owned real estate. To cover these potential losses it had $46,899,000 in equity and $3,911,000 in loans loss reserves. That gives it a Texas Ratio of 3.54%.

Return on Equity
Newport Federal Savings Bank U.S. Bank Average
5.06% 7.80%

Newport Federal Savings Bank has a Return on Equity of 5.06% versus the BestCashCow average of 7.80%. 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 Savings Bank U.S. Bank Average
11% 12.68%

Newport Federal Savings Bank has a Capitalization of 11% versus the BestCashCow average of 12.68. 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 Savings Bank Balance Sheet Analysis

As of June 30, 2013, Newport Federal Savings Bank had assets of $426,254,000, loans of $356,289,000, and deposits of $281,420,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 356.29 million
Loan loss allowance $ 3.91 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.16 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 281.42 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 426.25 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Newport Federal Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Rhode Island, Newport Federal Savings Bank has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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 70.18
Multifamily
Mortgages
4.93
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 13.84
Construction and Development Loans 2.53
Commercial Real Estate 23.44
Commercial and Industrial Loans 0.25
Farm Loans 0.00

Frequently Asked Questions About Newport Federal Savings Bank

Branches and Savings

Is Newport Federal Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30626.

Why does Newport Federal Savings 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 Savings Bank CD rates not competitive?

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

Is Newport Federal Savings Bank a commercial bank?

Yes

Where are Newport Federal Savings Bank locations?

See branch locations nearby.

Is Newport Federal Savings Bank open on Saturdays?

Is Newport Federal Savings Bank open on Sundays?

What time does Newport Federal Savings Bank open?

What time does Newport Federal Savings Bank close?

Are Newport Federal Savings Bank ATMs Open 24/7?

Do Newport Federal Savings Bank ATMs accept cash deposits?

Can Newport Federal Savings Bank customers use other ATMs?

Do Newport Federal Savings Bank branches have notaries?

Will Newport Federal Savings Bank notarize my document?

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

Will the Newport Federal Savings Bank branch print checks?

Do Newport Federal Savings Bank checks expire?

Does Newport Federal Savings Bank require US citizenship to open account?

Can Newport Federal Savings Bank close my account?

Does Newport Federal Savings Bank Report to credit bureaus?

Does Newport Federal Savings Bank Use Equifax?

What is Newport Federal Savings Bank's ACH Routing Number?

What is Newport Federal Savings Bank's SWIFT code?

Products

Does Newport Federal Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Newport Federal Savings Bank offer personal loans?

Compare personal loan rates here.

Does Newport Federal Savings Bank offer student loans?

Will Newport Federal Savings Bank cash a check?

Will Newport Federal Savings Bank redeem a savings bond?

Does Newport Federal Savings Bank cash savings bonds?

Will Newport Federal Savings Bank cash money orders?

Can Newport Federal Savings Bank issue a money order?

Does Newport Federal Savings Bank do currency exchange?

Background on The Bank

Who owns Newport Federal Savings Bank?

How long has Newport Federal Savings Bank been around?

Can Newport Federal Savings Bank transfer to other banks?

Does Newport Federal Savings Bank have quick pay?

Does Newport Federal Savings Bank accept rolled coins?

Will Newport Federal Savings Bank accept loose change?

Where is Newport Federal Savings Bank headquarters?

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