Call reports 2020
NEW HORIZON BANK, NATIONAL ASSOCIATION — 2020
What NEW HORIZON BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 89,716,000 | 95,731,000 | 98,207,000 | 103,194,000 |
| Total loans | 70,334,000 | 79,661,000 | 78,797,000 | 79,411,000 |
| Allowance for loan losses | 614,000 | 724,000 | 700,000 | 719,000 |
| Securities available for sale | 5,789,000 | 5,570,000 | 9,223,000 | 12,136,000 |
| Securities held to maturity | 1,200,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,033,000 | 85,586,000 | 87,923,000 | 90,368,000 |
| Interest-bearing deposits | 63,249,000 | 65,523,000 | 68,958,000 | 71,972,000 |
| Noninterest-bearing deposits | 16,784,000 | 20,063,000 | 18,965,000 | 18,396,000 |
| Equity capital | 9,478,000 | 9,979,000 | 10,101,000 | 10,119,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,117,000 | 2,356,000 | 3,565,000 | 4,610,000 |
| Interest expense | 252,000 | 506,000 | 745,000 | 981,000 |
| Net interest income | 865,000 | 1,850,000 | 2,820,000 | 3,629,000 |
| Noninterest income | 57,000 | 118,000 | 166,000 | 212,000 |
| Noninterest expense | 910,000 | 1,799,000 | 2,695,000 | 3,483,000 |
| Provision for loan losses | 4,000 | 114,000 | 114,000 | 152,000 |
| Pretax income | 8,000 | 55,000 | 177,000 | 206,000 |
| Income tax | 2,000 | 13,000 | 38,000 | 40,000 |
| Net income | 6,000 | 42,000 | 139,000 | 166,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,376,000 | 9,792,000 | 9,889,000 | 9,915,000 |
| Total capital | 9,991,000 | 10,517,000 | 10,590,000 | 10,635,000 |
| Risk-weighted assets | 72,895,000 | 70,926,000 | 69,085,000 | 71,027,000 |