Call reports 2024
NEW HORIZON BANK, NATIONAL ASSOCIATION — 2024
What NEW HORIZON BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 140,477,000 | 127,539,000 | 147,629,000 | 198,682,000 |
| Total loans | 72,502,000 | 72,003,000 | 79,556,000 | 89,399,000 |
| Allowance for loan losses | 880,000 | 875,000 | 1,078,000 | 1,145,000 |
| Securities available for sale | 32,294,000 | 31,964,000 | 32,877,000 | 31,242,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 123,438,000 | 111,031,000 | 130,729,000 | 176,889,000 |
| Interest-bearing deposits | 89,666,000 | 76,595,000 | 89,960,000 | 96,133,000 |
| Noninterest-bearing deposits | 33,772,000 | 34,436,000 | 40,769,000 | 80,756,000 |
| Equity capital | 16,759,000 | 16,251,000 | 16,325,000 | 20,308,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,690,000 | 3,214,000 | 5,004,000 | 7,188,000 |
| Interest expense | 572,000 | 1,147,000 | 1,773,000 | 2,605,000 |
| Net interest income | 1,118,000 | 2,067,000 | 3,231,000 | 4,583,000 |
| Noninterest income | 67,000 | 191,000 | 276,000 | 357,000 |
| Noninterest expense | 1,547,000 | 3,163,000 | 4,840,000 | 7,265,000 |
| Provision for loan losses | 0 | 83,000 | 322,000 | 374,000 |
| Pretax income | -362,000 | -988,000 | -1,655,000 | -2,699,000 |
| Income tax | 0 | 0 | 0 | -567,000 |
| Net income | -362,000 | -988,000 | -1,655,000 | -2,132,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,237,000 | 16,617,000 | 15,957,000 | 20,487,000 |