Call reports 2010
NEW HORIZON BANK, NATIONAL ASSOCIATION — 2010
What NEW HORIZON BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 15,094,000 | 17,040,000 | 20,902,000 | 24,355,000 |
| Total loans | 7,314,000 | 11,260,000 | 13,420,000 | 16,926,000 |
| Allowance for loan losses | 79,000 | 128,000 | 164,000 | 182,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 7,000,000 | 4,390,000 | 6,794,000 | 6,694,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 6,891,000 | 9,655,000 | 13,136,000 | 16,085,000 |
| Interest-bearing deposits | 5,478,000 | 7,700,000 | 10,746,000 | 13,669,000 |
| Noninterest-bearing deposits | 1,413,000 | 1,955,000 | 2,390,000 | 2,416,000 |
| Equity capital | 7,116,000 | 6,895,000 | 6,711,000 | 6,549,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 91,000 | 264,000 | 482,000 | 754,000 |
| Interest expense | 16,000 | 40,000 | 76,000 | 125,000 |
| Net interest income | 75,000 | 224,000 | 406,000 | 629,000 |
| Noninterest income | 4,000 | 9,000 | 18,000 | 26,000 |
| Noninterest expense | 340,000 | 666,000 | 1,005,000 | 1,380,000 |
| Provision for loan losses | 54,000 | 103,000 | 139,000 | 157,000 |
| Pretax income | -315,000 | -536,000 | -720,000 | -882,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -315,000 | -536,000 | -720,000 | -882,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,116,000 | 6,895,000 | 6,711,000 | 6,549,000 |
| Total capital | 7,195,000 | 7,023,000 | 6,875,000 | 6,731,000 |
| Risk-weighted assets | 8,987,000 | 12,241,000 | 13,184,000 | 18,179,000 |