New Horizon Bank, National Association

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
3.05%	5-year CD	3.10% - American Express National Bank 60 Month CD
1.26%	1-year CD	1.30% - National Average
0.25%	Savings	2.10% - American Express National Bank High Yield Savings Account

View all New Horizon Bank, National Association rates »

Overview / Commentary

www.newhorizonbank.com

804-302-4858

2501 Anderson Highway
Powhatan, VA 23139

New Horizon Bank, National Association is headquartered in Powhatan and is the 70^th largest bank in the state of Virginia. It is also the 4,447^th largest bank in the nation. It was established in 2009 and as of September of 2018, it had grown to 22 employees at 1 location. New Horizon Bank, National Association's money market rates are 70% higher than the national average, and it has a B+ health rating.

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Rock Solid Service From Very Knowledgable People And Really Good Rates On Deposits And Loans - Worth Switching To

Posted by: scmorrison | Apr 1, 2011

Enough said

Comment

Health

B+

Data as of Q3 2018

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. New Horizon Bank, National Association has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	58857
Year Established	2009
Employees	22
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.67%
Return on Equity - YTD	6.32%
Annual Interest Income	$3.0MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$81.9MM$77.0MM
Loans	Q3 2018vs Q3 2017	$65.0MM$62.2MM
Deposits	Q3 2018vs Q3 2017	$71.5MM$68.5MM
Equity Capital	Q3 2018vs Q3 2017	$8.7MM$8.4MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$559.00K$568.00K
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$1.1MM$822.00K
Real Estate Owned	Q3 2018vs Q3 2017	$0$0

Rates

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Money Market
Checking
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

New Horizon Bank, National Association Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	-	$10k	Kid's Korner Savings Account
OTHER TIERS: 0.25% → $10k+
0.25%^*	$10k^*	-	Horizon Savings Account
OTHER TIERS: 0.10% → Up to $10k

New Horizon Bank, National Association Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$50k^*	-	Horizon Money Market Account
OTHER TIERS: 0.25% → Up to $10k \| 0.50% → $10k - $50k
0.25%	$500	-	Money Market IRA Account

New Horizon Bank, National Association Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$10k^*	-	Horizon Gold 55 Cheking Account
OTHER TIERS: 0.10% → Up to $10k
0.15%^*	$10k^*	-	Horizon Silver Interest Checking Account
OTHER TIERS: 0.10% → Up to $10k
0.15%^*	$10k^*	-	Horizon Platinum Interest Checking Account
OTHER TIERS: 0.10% → Up to $10k

New Horizon Bank, National Association CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.05%	$500	-	60 Month CD
2.53%	$500	-	36 Month CD
2.28%	$500	-	24 Month CD
1.26%	$500	-	12 Month CD
0.40%	$500	-	6 Month CD
0.15%	$500	-	90 Day CD

New Horizon Bank, National Association IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.05%	$500	-	60 Month IRA
2.53%	$500	-	36 Month IRA
2.28%	$500	-	24 Month IRA
1.26%	$500	-	12 Month IRA
0.40%	$500	-	6 Month IRA

Locations

New Horizon Bank, National Association Locations
New Horizon Bank, National Association	1870 Stoneridge Commerce Drive	Powhatan, VA 23139

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