FDIC Certificate #: 58857 Status: Active Federal Reserve ID: 3816154 Date Established: October 07, 2009 WWW:http://www.newhorizonbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 470809 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: 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: Commercial Lending Specialization Date of Deposit Insurance: October 07, 2009 Last Structure Change Effective Date: October 07, 2009 Last Structure Change Process Date: November 05, 2009 Last Data Update: November 05, 2009 Data Source Date: April 05, 2012
Location
Address: 2501 Anderson Highway, Powhatan, VA 23139 County: Powhatan Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Richmond Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Richmond-Petersburg, VA (#6760) Core Based Statistical Area (CBSA): Richmond, VA (#40060) CBSA Metro Statistical Area: Richmond, VA (#40060)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
New Institution
Financial Summary
Total assets: $47.0 mil Equity capital: $6.1 mil Deposits held in domestic offices: $32.7 mil Return on assets (ROA): -1.34% (-$0.6 mil) Quarterly return on assets: -0.58% (-$0.3 mil) Return on Equity (ROE): -7.37% (-$0.4 mil) Quarterly return on equity: -4.18% (-$0.3 mil) Net income: -$0.5 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -1.34% (-$629.3 mil) Quarterly Pretax return on assets: -0.58% (-$272.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$46,964Total assets
$1,026Cash and due from depository institutions
$342Interest-bearing balances
$18,154Securities
$465Federal funds sold & reverse repurchase agreements
$26,257Net loans & leases
$283Loan loss allowance
$0Trading account assets
$264Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$46,964Life insurance assets
$798All other assets
$40,872Total liabilities and capital
$32,691Total liabilities
$28,761Total deposits
$32,691Interest-bearing deposits
$83Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,000Trading liabilities
$0Other borrowed funds
$181Subordinated debt
$6,092All other liabilities
$6,092Total equity capital
$6,092Total bank equity capital
$0Perpetual preferred stock
$4,563Common stock
$4,563Surplus
$-3,034Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$130Income earned, not collected on loans
$0Earning assets
$118Long-term assets (5+ years)
$45,218Average Assets, year-to-date
$23,097Average Assets, quarterly
$34,564Volatile liabilities
$44,334Insider loans
$24,821FHLB advances
$37,935Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,086Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,721Restructured Loans and leases
$1,802Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,556Total interest income
$304Total interest expense
$1,252Net interest income
$113Provision for loan and lease losses
$73Total noninterest income
$0Fiduciary activities
$30Service charges on deposit accounts
$0Trading account gains & fees
$43Additional noninterest income
$1,675Total noninterest expense
$814Salaries and employee benefits
$309Premises and equipment expense
$552Additional noninterest expense
-$463Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$463Income before extraordinary items
$0Extraordinary gains - net
-$463Net income attributable to bank
$0Net charge-offs
-$463Cash dividends
$12Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.68%Yield on earning assets
0.91%Cost of funding earning assets
3.76%Net interest margin
0.22%Noninterest income to earning assets
5.04%Noninterest expense to earning assets
-1.34%Net operating income to assets
-1.34%Return on assets (ROA)
-1.34%Pretax return on assets
-7.37%Return on equity (ROE)
-7.37%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
941.67%Credit loss provision to net charge-offs
-29.17%Efficiency ratio
126,415Assets per employee
3.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
217.69%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.49%Net loans and leases to deposits
80.32%Net loans and leases to core deposits
89.65%Equity capital to assets
12.97%Core capital (leverage) ratio
16.04%Tier 1 risk-based capital ratio
24.52%Total risk-based capital ratio
Memoranda
$26Average assets
$34,564Average earning assets
$6,284Average equity
$33,262Average loans
List of branches
1 Virginia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
470809
New Horizon Bank, National Association
2501 Anderson Highway, Powhatan, VA 23139
October 07, 2009
Full Service Brick and Mortar
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