NHB 2024 Annual Report

STATEMENT OF CONDITION NEWHAVEN BANK As of December 31, 2024 and 2023 LIABILITIES & SHAREHOLDERS’ EQUITY LIABILITIES: Deposits Savings & Time $ 97,013 $ 91,919 NOW, Money Market & Checking 48,033 49,192 Total Deposits 145,046 141,111 Borrowings 34,000 24,000 Other Liabilities 5,060 4,951 Total Liabilities 184,106 170,062 SHAREHOLDERS’ EQUITY: Additional paid-in capital 24,376 24,376 Accumulated deficit (8,065) (4,092) Accumulated other comprehensive income (674) (622) Total Shareholders’ Equity 15,637 19,662 Total Liabilities & Shareholders’ Equity $ 199,743 $ 189,724 ASSETS (in thousands of dollars) Cash and Cash Equivalents $ 16,778 $ 11,752 Investment Securities 5,529 4,764 Loans Loans receivable 169,757 163,692 Less Allowance for Credit Losses 1,935 1,930 Total Net Loans 167,822 161,762 Other assets 9,614 11,446 Total Assets $ 199,743 $ 189,724 Information based on Call Report data 2024 2023