2. New Horizon Bank, National Association

New Horizon Bank, National Association


Overview / Commentary
www.newhorizonbank.com
804-302-4858
1870 Stoneridge Commerce Dr
Powhatan, VA 23139

New Horizon Bank, National Association is headquartered in Powhatan and is the 68th largest bank in the state of Virginia. It is also the 4,257th largest bank in the nation. It was established in 2009 and as of June of 2019, it had grown to 21 employees at 1 location. New Horizon Bank, National Association's money market rates are 70% higher than the national average, and it has an A health rating.

Reviews (1)

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

1


Health
A

Data as of Q2 2019

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 Established2009
Employees21
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD2.1%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$88.0MM$84.1MM
LoansQ2 2019vs Q2 2018$68.4MM$64.9MM
DepositsQ2 2019vs Q2 2018$78.9MM$73.8MM
Equity CapitalQ2 2019vs Q2 2018$9.0MM$8.6MM
Loan Loss AllowanceQ2 2019vs Q2 2018$594.00K$559.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$512.00K$1.3MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$10kKid'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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.43%$500-60 Month CD
2.02%$500-36 Month CD
1.61%$500-24 Month CD
1.31%$500-12 Month CD
0.40%$500-6 Month CD
0.15%$500-90 Day CD

New Horizon Bank, National Association IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.43%$500-60 Month IRA
2.02%$500-36 Month IRA
1.61%$500-24 Month IRA
1.31%$500-12 Month IRA
0.40%$500-6 Month IRA
Locations


New Horizon Bank, National Association Locations
New Horizon Bank, National Association1870 Stoneridge Commerce DrivePowhatan, VA 23139

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