Call reports 2016
NEW HORIZON BANK, NATIONAL ASSOCIATION — 2016
What NEW HORIZON BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 63,133,000 | 66,586,000 | 70,044,000 | 72,367,000 |
| Total loans | 50,706,000 | 53,606,000 | 56,672,000 | 59,317,000 |
| Allowance for loan losses | 436,000 | 453,000 | 486,000 | 525,000 |
| Securities available for sale | 1,587,000 | 1,607,000 | 7,233,000 | 5,317,000 |
| Securities held to maturity | 6,200,000 | 3,200,000 | 2,400,000 | 2,400,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,359,000 | 58,762,000 | 62,130,000 | 64,427,000 |
| Interest-bearing deposits | 46,085,000 | 47,619,000 | 51,986,000 | 55,449,000 |
| Noninterest-bearing deposits | 9,274,000 | 11,143,000 | 10,144,000 | 8,978,000 |
| Equity capital | 7,605,000 | 7,716,000 | 7,783,000 | 7,789,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 823,000 | 1,663,000 | 2,507,000 | 3,415,000 |
| Interest expense | 106,000 | 213,000 | 338,000 | 477,000 |
| Net interest income | 717,000 | 1,450,000 | 2,169,000 | 2,938,000 |
| Noninterest income | 59,000 | 107,000 | 176,000 | 257,000 |
| Noninterest expense | 632,000 | 1,257,000 | 1,900,000 | 2,530,000 |
| Provision for loan losses | 5,000 | 23,000 | 57,000 | 92,000 |
| Pretax income | 139,000 | 277,000 | 388,000 | 573,000 |
| Income tax | 47,000 | 94,000 | 130,000 | 192,000 |
| Net income | 92,000 | 183,000 | 258,000 | 381,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,322,000 | 7,459,000 | 7,570,000 | 7,755,000 |
| Total capital | 7,758,000 | 7,912,000 | 8,056,000 | 8,280,000 |
| Risk-weighted assets | 51,801,000 | 53,277,000 | 57,073,000 | 59,091,000 |