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
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, CovingtonNewton Federal Bank branches near me
Sorry, we could not find any branches close to your location
Total Loans and Leases Statistics
Total Loans and Leases $598,166 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020Newton Federal Bank Mortgage Loans Profile
43.59%
Application Approval Rate
$177,941
Average Mortgage Loan Amount
117
Number of Loan Applications
$106,050
Average Income of Applicants with Approved Loans
0.00%
Average Cost of Loans
0.00%
Average Debt to Income Ratio
Distribution of Mortgage Loans
Top Counties by Number of Mortgage Loan Applications
1 Newton
63
$120,000
38.10%
$119,455
2 Jasper
10
$217,000
50.00%
$133,250
3 Walton
9
$163,333
66.67%
$72,400
4 Rockdale
8
$111,000
62.50%
$71,800
5 Fulton
5
$645,000
60.00%
$0
6 Clarke
5
$195,000
20.00%
$66,000
Top States by Number of Mortgage Loan Applications
1 Georgia
117
$177,941
43.59%
$106,050