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Overview / Commentary
928-854-3000
225 N. Lake Havasu Ave.
Lake Havasu City, AZ 86403

Horizon Community Bank is headquartered in Lake Havasu City and is the 13st largest bank in the state of Arizona. It is also the 3,441st largest bank in the nation. It was established in 2002 and as of December of 2013, it had grown to 59 employees at 4 locations. Horizon Community Bank has a C+ health rating.

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Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
C

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 December 31, 2013 Horizon Community Bank had $7.62 million in non-current loans and owned real-estate with $15.8 million in equity and loan loss allowances on hand to cover it. This gives Horizon Community Bank a Texas Ratio of 48.21% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Horizon Community Bank decreased slightly from 55.13% as of December 31, 2012 to 48.21% as of December 31, 2013, resulting in a positive change of 12.55%.This indicates that the balance sheet and financial strength for Horizon Community Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Horizon Community Bank has increased its total deposits by $868,000, resulting in 0.58% 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 Community Bank has shown is above average.

Capitalization

GRADE:
C+

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 Community Bank has $168.72 million in assets with $15.8 million in equity, resulting in a capitalization level of 9.36%, which is average.

Institution Statistics

Overall
FDIC Certificate #57411
Year Established2002
Employees59
Primary RegulatorFDIC
Assets and Liabilities
Assets$168.72 million
Loans$114.14 million
Deposits$150.66 million
Equity Capital$13.56 million
Loan Loss Allowance$2.24 million
Unbacked Noncurrent Loans$2.62 million
Real Estate Owned$4.99 million
Historic Data - December 2012
Assets$165.66 million
Equity Capital$12.82 million
Loan Loss Allowance$2.10 million
Unbacked Noncurrent Loans$2.62 million
Real Estate Owned$6.51 million
Profit Margin - Quarterly
Net Interest Margin3.76%
Return on Assets0.55%
Return on Equity6.93%
Interest Income$6.58 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Horizon Community Bank, we are a rate comparison website and can not provide official rates or promotions.

Horizon Community Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$50-Student Savings
0.05%$100-Statement Savings

Horizon Community Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market Account

Horizon Community Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.90%-$25kStar Checking
0.10%--Star Checking
0.05%$100-Personal NOW Checking
0.05%$100-Senior Class Checking

Horizon Community Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$100k-5 Year CD
0.95%$100k-4 Year CD
0.65%$100k-3 Year CD
0.60%$100k-5 Year Variable CD
0.50%$100k-2 Year CD
0.50%$100k-4 Year Variable CD
0.40%$100k-18 Month CD
0.35%$100k-1 Year CD
0.25%$100k-3 Year Variable CD
0.25%$50k-180 - 364 Day CD
0.25%$10k-10 Month CD Special
0.05%$1k-7 - 30 Day CD
0.05%$1k-31 - 89 Day CD
0.05%$1k-90 - 179 Day CD
Locations


Horizon Community Bank Locations
Parker Branch1017 California AvenueParker, AZ 85344
Quartzsite Branch225 N. Central BoulevardQuartzsite, AZ 85346
Horizon Community Bank225 North Lake Havasu AvenueLake Havasu City, AZ 86403
Ft. Mohave Office5858 S. Highway 95Mohave Valley, AZ 86440