Newton Federal Bank

Our records indicate that this bank has been acquired by Affinity Bank.

Headquarters

3175 Highway 278
Covington, GA 30014
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 4.01% →
1-Year CD N.A. 4.50% →
2-Year CD N.A. 4.73% →
5-Year CD N.A. 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Bank Information

Newton Federal Bank is an FDIC insured institution located in Covington, GA. It was founded in 2017 and has approximately $0 billion in assets.

FDIC Insured Yes
FDIC Certificate # 59103
Date Established 2017
Assets N.A.
Loans N.A.
Deposits N.A.
Capital N.A.
 

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

Deposit Rates - November 27, 2022

Your Current Location: Connecticut, CT 06828

There are currently no rates available for Newton Federal Bank, but see these great savings and CD rates:

Advertiser Disclosure
 

Loan Rates - November 27, 2022

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Newton Federal Bank

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 2022

Lender APR Rate (%) Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
6.226% 6.125%
0.63 points
$2,685 fees
$1,520 Learn More
Embrace Home Loans (ICB)
NMLS ID: 2184
6.722% 6.625%
1.00 points
$2,500 fees
$1,601 Learn More
Eligibility.org
NMLS ID: 1907

points
fees
Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 6.490 %
After Intro: 7.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

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

Branches

Newton 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:
Fairfield,Connecticut


Newton Federal Bank Locations



Climate Initiatives

Newton Federal Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Newton Federal Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Newton 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
Newton Federal Bank U.S. Bank Average
NAN% 4.06%

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 June 30, 2022, Newton Federal Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $0 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of NAN%.

Return on Equity
Newton Federal Bank U.S. Bank Average
0% 9.98%

Newton Federal Bank has a Return on Equity of 0% versus the BestCashCow average of 9.98%. 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
Newton Federal Bank U.S. Bank Average
NAN% 10.23%

Newton Federal Bank has a Capitalization of NAN% versus the BestCashCow average of 10.23. 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.

Newton Federal Bank Balance Sheet Analysis

As of March 31, 2017, Newton Federal Bank had assets of $0, loans of $0, and deposits of $0. 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, 2022
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 N.A.
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits N.A.
      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 N.A.

Summary Income Statement

June 30, 2022
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 Newton Federal Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Newton Federal 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 nan
Multifamily
Mortgages
nan
Credit Card Loans nan
Consumer Auto Loans nan
Small Business Loans nan
Construction and Development Loans nan
Commercial Real Estate nan
Commercial and Industrial Loans nan
Farm Loans nan

Customer Reviews for Newton Federal Bank

There are currently no comments for Newton Federal Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →