Bank of Newington
Bank of Newington is an FDIC insured institution headquartered at
224 Walton St, Newington, GA 30446.
It was founded in
1919 and has approximately $0 billion in
assets. Customers can open an account at one of its 2 branches.
Deposit Rates - May 7, 2024
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
0.50% | $2,500 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
0.51% | $10,000 | Compare |
|
6 Mo CD
|
0.51% | $100,000 | Compare |
|
12 Mo CD
|
0.71% | $10,000 | Compare |
|
12 Mo CD
|
0.71% | $100,000 | Compare |
|
24 Mo CD
|
0.91% | $10,000 | Compare |
|
24 Mo CD
|
0.91% | $100,000 | Compare |
|
36 Mo CD
|
1.01% | $10,000 | Compare |
|
36 Mo CD
|
1.01% | $100,000 | Compare |
|
48 Mo CD
|
1.21% | $10,000 | Compare |
|
48 Mo CD
|
1.21% | $100,000 | Compare |
|
60 Mo CD
|
1.33% | $10,000 | Compare |
|
60 Mo CD
|
1.33% | $100,000 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
0.50% | $2,500 | Compare |
|
Money Market
|
0.60% | $10,000 | Compare |
|
Money Market
|
0.75% | $25,000 | Compare |
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Overview 2024
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 5704 |
| Date Established | 1919 |
| Assets | $ 249.17 million |
| Loans | $ 194.34 million |
| Deposits | $ 225.77 million |
| Capital | $ 21.45 million |
Summary Balance Sheet as of June 30, 2023
| ASSETS | |
| Cash & Balances due from depository institutions | $ 35.76 million |
| Interest-bearing balances | $ 34.07 million |
| Total securities | $ 8.64 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 194.34 million |
| Loan loss allowance | $ 3.11 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.58 million |
| Goodwill and other intangibles | N.A. |
| All other assets | $ 5.32 million |
| Total Assets | $ 227.72 million |
| LIABILITIES | |
| Total deposits | $ 225.77 million |
| Interest-bearing deposits | $ 184.67 million |
| Deposits held in domestic offices | $ 225.77 million |
| % insured (estimated) | 77.15% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 1.89 millionn |
| Total Liabilities | $ 227.72 million |
| Shareholders’ Equity | $ 21.45 million |
Summary Income Statement as of June 30, 2023
| INCOME AND EXPENSES | |
| Total Interest Income | $ 15.45 million |
| Total Interest Expense | $ 4.53 million |
| Net interest income | $ 10.92 million |
| Provision for loan and lease losses | $ 0.60 million |
| Total non interest income | $ 0.57 million |
| Total non interest expense | $ 6.07 million |
| Pre-tax Net Operating Income | $ 2.15 million |
Customer Reviews for Bank of Newington
Branches
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Your current location is: Columbus, OH
Bank of Newington Locations
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL SAVINGSBankGEORGIA$50,000N.A.0.50%2.33x (National Avg. - 0.22%)$2,500-SCENARIO
Year Rate
0.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 250 175 2 50,250 251 176 3 50,501 253 177 4 50,754 254 178 5 51,008 255 179 6 51,263 256 179 7 51,519 258 180 8 51,776 259 181 9 52,035 260 182 10 52,296 261 183 11 52,557 263 184 12 52,820 264 185 13 53,084 265 186 14 53,349 267 187 15 53,616 268 188 16 53,884 269 189 17 54,154 271 190 18 54,424 272 190 19 54,696 273 191 20 54,970 275 192 TOTAL $5,245 $3,671 - 2LOCAL SAVINGSBank-$50,000N.A.5.15%23.95x (National Avg. - 0.22%)$0-SCENARIO
Year Rate
5.15%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,575 1,803 2 52,575 2,708 1,895 3 55,283 2,847 1,993 4 58,130 2,994 2,096 5 61,123 3,148 2,203 6 64,271 3,310 2,317 7 67,581 3,480 2,436 8 71,062 3,660 2,562 9 74,721 3,848 2,694 10 78,569 4,046 2,832 11 82,616 4,255 2,978 12 86,870 4,474 3,132 13 91,344 4,704 3,293 14 96,049 4,946 3,463 15 100,995 5,201 3,641 16 106,196 5,469 3,828 17 111,665 5,751 4,026 18 117,416 6,047 4,233 19 123,463 6,358 4,451 20 129,821 6,686 4,680 TOTAL $86,507 $60,555
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