Horizon Bank, National Association

Horizon Bank, National Association Locations
515 Franklin Street
Michigan City, IN 46360
www.accesshorizon.com

Horizon Bank, National Association is headquartered in Michigan City and is the 10st largest bank in the state of Indiana. It is also the 431st largest bank in the nation. It was established in 1873 and as of March of 2012, it had grown to 323 employees at 27 locations. Horizon Bank, National Association has a 4-star health rating.

Related Posts

Another $150 Checking Account Promotion At Horizon Bank In MI & IN (Forum) - 5/6/2012

I first posted on this promotion in November. The same promotion is now scheduled to end on 6/30/2012. Details are listed in the bank's checking account page. Here are the details: $150 will be deposited into your checking account within 30 days of verify

$150 Checking Account Bonus at Horizon Bank in Parts of IN & MI - 11/8/2011

Some community banks have extended their promotions to attract customers participating in the Bank Transfer Day movement. That appears to be the case at Horizon Bank which is still offering a $150 che ...


Data for Q1 2012


Institution Statistics


Horizon Bank, National Association
FDIC Certificate #4360
BankRate ReportView
Year Established1873
Employees323
Primary RegulatorOCC

Assets and Liabilities

Assets$1.55 billion
Loans$979.34 million
Deposits$1.08 billion
Equity Capital$145.70 million
Loan Loss Allowance$19.41 million
Unbacked Noncurrent Loans$18.17 million
Real Estate Owned$803,000

Historic Data - March 2011

Assets$1.38 billion
Equity Capital$135.06 million
Loan Loss Allowance$19.09 million
Unbacked Noncurrent Loans$17.53 million
Real Estate Owned$2.28 million

Profit Margin - Quarterly

Net Interest Margin3.84%
Return on Assets1.29%
Return on Equity13.72%
Interest Income$16.83 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 Horizon Bank, National Association had $18.97 million in non-current loans and owned real-estate with $165.11 million in equity and loan loss allowances on hand to cover it. This gives Horizon Bank, National Association a Texas Ratio of 11.49% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Horizon Bank, National Association held steady from 12.85% as of March 31, 2011 to 11.49% as of March 31, 2012, resulting in a positive change of 10.60%.This indicates that the balance sheet and financial strength for Horizon Bank, National Association has held steady in recent periods.
Deposit Growth5
In the past year, Horizon Bank, National Association has increased its total deposits by $66.64 million, resulting in 6.59% 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 Horizon Bank, National Association has shown is excellent.
Capitalization4
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. Horizon Bank, National Association has $1.55 billion in assets with $165.11 million in equity, resulting in a capitalization level of 10.66%, which is above average.
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