Bank of Newington in Newington, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Newington - Overview

  • General
  • FDIC Certificate #: 5704
    Status: Active
    Federal Reserve ID: 948531
    Date Established: August 14, 1919
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 3888
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: Broad And Church Streets, Newington, GA 30446
    County: Screven
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $70.4 mil
    Equity capital: $5.0 mil
    Deposits held in domestic offices: $63.7 mil
    Return on assets (ROA): -1.65% (-$1.2 mil)
    Quarterly return on assets: -0.77% (-$0.5 mil)
    Return on Equity (ROE): -24.70% (-$1.2 mil)
    Quarterly return on equity: -10.74% (-$0.5 mil)
    Net income: -$1.2 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -1.65% (-$1,161.4 mil)
    Quarterly Pretax return on assets: -0.77% (-$542.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $70,387Total assets
  • $8,017Cash and due from depository institutions
  • $99Interest-bearing balances
  • $300Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $53,086Net loans & leases
  • $1,025Loan loss allowance
  • $0Trading account assets
  • $1,098Bank premises and fixed assets
  • $4,691Other real estate owned
  • $0Goodwill and other intangibles
  • $70,387Life insurance assets
  • $3,195All other assets
  • $65,426Total liabilities and capital
  • $63,666Total liabilities
  • $58,771Total deposits
  • $63,666Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,760Subordinated debt
  • $4,961All other liabilities
  • $4,961Total equity capital
  • $4,961Total bank equity capital
  • $1,540Perpetual preferred stock
  • $25Common stock
  • $3,000Surplus
  • $396Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,972Income earned, not collected on loans
  • $0Earning assets
  • $557Long-term assets (5+ years)
  • $53,485Average Assets, year-to-date
  • $13,681Average Assets, quarterly
  • $72,704Volatile liabilities
  • $70,519Insider loans
  • $55,184FHLB advances
  • $70,362Loans and leases held for sale
  • $2,527Unused loan commitments
  • $2,527Tier 1 (core) risk-based capital
  • $4,961Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,259Restructured Loans and leases
  • $208Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,789Total interest income
  • $1,333Total interest expense
  • $2,456Net interest income
  • $1,103Provision for loan and lease losses
  • $89Total noninterest income
  • $0Fiduciary activities
  • $190Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$101Additional noninterest income
  • $2,638Total noninterest expense
  • $1,148Salaries and employee benefits
  • $436Premises and equipment expense
  • $1,054Additional noninterest expense
  • -$1,196Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$1,196Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,196Net income attributable to bank
  • $0Net charge-offs
  • -$1,196Cash dividends
  • $1,753Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.19%Yield on earning assets
  • 2.53%Cost of funding earning assets
  • 4.66%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 5.00%Noninterest expense to earning assets
  • -1.65%Net operating income to assets
  • -1.65%Return on assets (ROA)
  • -1.65%Pretax return on assets
  • -24.70%Return on equity (ROE)
  • -24.70%Retained earnings to average equity (YTD only)
  • 3.29%Net charge-offs to loans
  • 62.92%Credit loss provision to net charge-offs
  • -0.05%Efficiency ratio
  • 103,654Assets per employee
  • 4.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 51.98%Noncurrent assets plus other real estate owned to assets
  • 9.47%Noncurrent loans to loans
  • 3.64%Net loans and leases to deposits
  • 83.38%Net loans and leases to core deposits
  • 94.52%Equity capital to assets
  • 7.05%Core capital (leverage) ratio
  • 7.05%Tier 1 risk-based capital ratio
  • 8.99%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $72,704Average earning assets
  • $4,843Average equity
  • $52,716Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03888Bank Of NewingtonBroad And Church Streets, Newington, GA 30446August 14, 1919Full Service Brick and Mortar
    1208045Sylvania Branch107 West Ogeechee Street, Sylvania, GA 30467May 01, 1998Full Service Brick and Mortar

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