Newton Federal Bank

Established in 1928

About Newton Federal Bank

Newton Federal Bank was established on 1928. The bank's headquarters are located at 3175 Highway 278 in Covington, Georgia.

Newton Federal Bank is an FDIC insured bank with FDIC number 29510 managing assets to the value of $852,952 as of 12/31/2020.

Newton Federal Bank has a Texas ratio of 7.00%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

7.00%
Texas Ratio
FDIC Certificate #

29510

Active Insured Since #

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $852,952
Equity Capital $82,003
Total Deposits $642,992
Total Liabilities $770,949
Total Securities $24,005
Net Loans And Leases $591,789
Loan Loss Allowance $6,377
Total Loans And Leases $598,166
YTD (as of 12/31/2020)
Return On Assets 0.50%
Return On Equity 4.79%
Total Interest Income $26,681
Total Interest Expense $5,528
Total Non Interest Income $5,977
Total Non Interest Expense $20,700

Headquarters

3175 Highway 278 30014, Covington

Newton Federal Bank branches near me

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Total Loans and Leases Statistics

Total Loans and Leases $598,166 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

Newton Federal Bank Mortgage Loans Profile

Classic Bank

43.59%

Application Approval Rate

Classic Bank

$177,941

Average Mortgage Loan Amount

Classic Bank

117

Number of Loan Applications

Classic Bank

$106,050

Average Income of Applicants with Approved Loans

Classic Bank

0.00%

Average Cost of Loans

Classic Bank

0.00%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 Newton

Number of Loan Applications
63
Average Loan Amount
$120,000
Approval Rate
38.10%
Average Income of Approved Loans’ Applicants
$119,455

2 Jasper

Number of Loan Applications
10
Average Loan Amount
$217,000
Approval Rate
50.00%
Average Income of Approved Loans’ Applicants
$133,250

3 Walton

Number of Loan Applications
9
Average Loan Amount
$163,333
Approval Rate
66.67%
Average Income of Approved Loans’ Applicants
$72,400

4 Rockdale

Number of Loan Applications
8
Average Loan Amount
$111,000
Approval Rate
62.50%
Average Income of Approved Loans’ Applicants
$71,800

5 Fulton

Number of Loan Applications
5
Average Loan Amount
$645,000
Approval Rate
60.00%
Average Income of Approved Loans’ Applicants
$0

6 Clarke

Number of Loan Applications
5
Average Loan Amount
$195,000
Approval Rate
20.00%
Average Income of Approved Loans’ Applicants
$66,000

Top States by Number of Mortgage Loan Applications

1 Georgia

Number of Loan Applications
117
Average Loan Amount
$177,941
Approval Rate
43.59%
Average Income of Approved Loans’ Applicants
$106,050