Newton Federal Bank

For information concerning FitnessBank, a division of Newton Federal Bank, a subsidiary of Newton Federal Bank, please see the FitnessBank, a division of Newton Federal Bank page here.

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Newton Federal Bank Locations

Deposit Rates - February 28, 2021

SAVINGS RATES APY MIN MAX
Savings
0.10% $2,500 $4,999 Compare
CD RATES APY MIN MAX
6 Mo CD
0.35% $10,000 $14,999 Compare
6 Mo CD
0.35% $100,000 $199,999 Compare
12 Mo CD
0.50% $10,000 $14,999 Compare
12 Mo CD
0.50% $100,000 $199,999 Compare
24 Mo CD
0.75% $10,000 $14,999 Compare
24 Mo CD
0.75% $100,000 $199,999 Compare
36 Mo CD
0.85% $10,000 $14,999 Compare
36 Mo CD
0.85% $100,000 $199,999 Compare
48 Mo CD
0.95% $10,000 $14,999 Compare
48 Mo CD
0.95% $100,000 $199,999 Compare
60 Mo CD
1.15% $10,000 $14,999 Compare
60 Mo CD
1.15% $100,000 $199,999 Compare
MM RATES APY MIN MAX
Money Market
0.15% $2,500 $2,999 Compare
Money Market
0.15% $10,000 $14,999 Compare
Money Market
0.20% $25,000 $29,999 Compare
INT CHECKING RATES APY MIN MAX
Int Ckg
0.06% $2,500 $3,499

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29510
Date Established 1928
Assets $ 887.99 million
Loans $ 623.69 million
Deposits $ 628.64 million
Capital $ 80.34 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 164.47 million
Interest-bearing balances $ 158.23 million
Total securities $ 25.26 million
Federal funds sold and reverse repurchase $ 15.10 million
Net loans and leases $ 623.69 million
Loan loss allowance $ 5.73 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.29 million
Goodwill and other intangibles $ 18.99 million
All other assets $ 30.66 million
     Total Assets $ 807.66 million

LIABILITIES
Total deposits $ 628.64 million
      Interest-bearing deposits $ 449.94 million
      Deposits held in domestic offices $ 628.64 million
      % insured (estimated) 81.05%
Federal funds purchased and repurchase agreements $ 6.41 million
Trading liabilities N.A.
Other borrowed funds $ 166.84 million
Subordinated debt N.A.
All other liabilities $ 5.77 millionn
      Total Liabilities $ 807.66 million
      Shareholders’ Equity $ 80.34 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 20.09 million
Total Interest Expense $ 4.50 million
Net interest income $ 15.60 million
Provision for loan and lease losses $ 1.41 million
Total non interest income $ 4.05 million
Total non interest expense $ 15.85 million
Pre-tax Net Operating Income $ 2.39 million

Newton Federal Bank is an FDIC insured institution headquartered at 3175 Highway 278, Covington, GA 30014.
It was founded in 1928 and has approximately $1 billion in assets. Customers can open an account at one of its 3 branches.