New Horizon Bank, National Association

New Horizon Bank, National Association is headquartered in Powhatan and is the 107^th largest bank in the state of Virginia. It is also the 6,433^rd largest bank in the nation. It was established in 2009 and as of March of 2012, it had grown to 14 employees at 1 location. New Horizon Bank, National Association's savings rates are 4X the national average, and it boasts a 5-star health rating.

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Data for Q1 2012

Institution Statistics New Horizon Bank, National Association FDIC Certificate # 58857 BankRate Report View Year Established 2009 Employees 14 Primary Regulator OCC Assets and Liabilities Assets $48.04 million Loans $27.89 million Deposits $33.83 million Equity Capital $6.06 million Loan Loss Allowance $302,000 Unbacked Noncurrent Loans $126,000 Historic Data - March 2011 Assets $27.40 million Equity Capital $6.39 million Loan Loss Allowance $199,000 Profit Margin - Quarterly Net Interest Margin 3.66% Return on Assets -0.25% Return on Equity -1.97% Interest Income $508,000

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 New Horizon Bank, National Association had $126,000 in non-current loans and owned real-estate with $6.36 million in equity and loan loss allowances on hand to cover it. This gives New Horizon Bank, National Association a Texas Ratio of 1.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Deposit Growth In the past year, New Horizon Bank, National Association has increased its total deposits by $15.34 million, resulting in 82.96% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth New Horizon Bank, National Association has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. New Horizon Bank, National Association has $48.04 million in assets with $6.36 million in equity, resulting in a capitalization level of 13.24%, which is excellent.