Newton Federal Bank in Covington, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Newton Federal Bank in Covington, Georgia (GA)
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Newton Federal Bank - Overview

  • General
  • FDIC Certificate #: 29510
    Status: Active
    Federal Reserve ID: 321273
    Date Established: January 01, 1928
    WWW: http://www.newtonfederal.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 3575
    FDIC's unique #: 42344
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 20, 1947
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3175 Highway 278, Covington, GA 30014
    County: Newton
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $241.6 mil
    Equity capital: $40.7 mil
    Deposits held in domestic offices: $197.1 mil
    Return on assets (ROA): -3.30% (-$8.0 mil)
    Quarterly return on assets: -4.67% (-$11.3 mil)
    Return on Equity (ROE): -18.60% (-$7.6 mil)
    Quarterly return on equity: -27.76% (-$11.4 mil)
    Net income: -$8.2 mil
    Quarterly Net income: -$2.8 mil
    Pretax return on assets: -2.51% (-$6,062.9 mil)
    Quarterly Pretax return on assets: 0.30% ($724.6 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
  • 54Total employees (full-time equivalent)
  • $241,550Total assets
  • $26,806Cash and due from depository institutions
  • $23,369Interest-bearing balances
  • $5,667Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $194,675Net loans & leases
  • $3,677Loan loss allowance
  • $0Trading account assets
  • $4,601Bank premises and fixed assets
  • $6,275Other real estate owned
  • $0Goodwill and other intangibles
  • $241,550Life insurance assets
  • $3,526All other assets
  • $200,830Total liabilities and capital
  • $197,057Total liabilities
  • $189,971Total deposits
  • $197,057Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,773Subordinated debt
  • $40,720All other liabilities
  • $40,720Total equity capital
  • $40,720Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $40,720Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,691Income earned, not collected on loans
  • $0Earning assets
  • $1,098Long-term assets (5+ years)
  • $223,711Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $247,454Volatile liabilities
  • $242,340Insider loans
  • $158,818FHLB advances
  • $241,550Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $40,720Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,461Restructured Loans and leases
  • $660Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,868Total interest income
  • $3,932Total interest expense
  • $8,936Net interest income
  • $5,550Provision for loan and lease losses
  • $53Total noninterest income
  • $0Fiduciary activities
  • $395Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$342Additional noninterest income
  • $9,639Total noninterest expense
  • $2,934Salaries and employee benefits
  • $1,274Premises and equipment expense
  • $5,431Additional noninterest expense
  • -$6,200Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,973Applicable income taxes
  • -$8,173Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,173Net income attributable to bank
  • $0Net charge-offs
  • -$8,173Cash dividends
  • $3,695Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.65%Yield on earning assets
  • 1.73%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.02%Noninterest income to earning assets
  • 4.23%Noninterest expense to earning assets
  • -3.30%Net operating income to assets
  • -3.30%Return on assets (ROA)
  • -2.51%Pretax return on assets
  • -18.60%Return on equity (ROE)
  • -18.60%Retained earnings to average equity (YTD only)
  • 1.85%Net charge-offs to loans
  • 150.20%Credit loss provision to net charge-offs
  • -0.18%Efficiency ratio
  • 107,231Assets per employee
  • 4.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.85%Loss allowance to noncurrent loans
  • 54.95%Noncurrent assets plus other real estate owned to assets
  • 5.37%Noncurrent loans to loans
  • 3.37%Net loans and leases to deposits
  • 98.79%Net loans and leases to core deposits
  • 105.73%Equity capital to assets
  • 16.86%Core capital (leverage) ratio
  • 16.86%Tier 1 risk-based capital ratio
  • 25.64%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $247,454Average earning assets
  • $43,932Average equity
  • $227,752Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    042344Newton Federal Bank3175 Highway 278, Covington, GA 30014January 01, 1928Full Service Brick and Mortar
    1358803Newton Federal Savings And Loan East8258 Highway 278, Covington, GA 30014December 04, 2000Full Service Brick and Mortar
    251832710131 Car;om Avenue Branch10131 Carlin Ave, Covington, GA 30014November 01, 2006Full Service Brick and Mortar

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