Institution Statistics
| HORIZON ONE | | NCUA # | 6435 | | BankRate Report | View | | Year Chartered | 1949 | | Employees | 11 | | Primary Regulator | |
Assets and Liabilities | | Assets | $64.55 million | | Loans | $41.82 million | | Deposits | $58.08 million | | Equity Capital | $6.32 million | | Loan Loss Allowance | $597,000 | | Unbacked Noncurrent Loans | $212,000 | | Real Estate Owned | $216,000 |
Historic Data - December 2010 | | Assets | $67.82 million | | Equity Capital | $6.79 million | | Loan Loss Allowance | $691,000 | | Unbacked Noncurrent Loans | $910,000 | | Real Estate Owned | $200,000 |
Profit Margin - Quarterly | | Net Interest Margin | 4.76% | | Return on Assets | -0.73% | | Return on Equity | -7.46% | | Interest Income | $2.55 million | | Non-Interest Income | $647,000 |
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Institution Health
Overall Score:
4 out of 5 
| Texas Ratio |  | | 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, 2011 Horizon One Credit Union had $428,000 in non-current loans and owned real-estate with $6.91 million in equity and loan loss allowances on hand to cover it. This gives Horizon One Credit Union a Texas Ratio of 6.19% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend | | | The Texas Ratio for Horizon One Credit Union decreased significantly from 14.84% as of December 31, 2010 to 6.19% as of December 31, 2011, resulting in a positive change of 58.29%.This indicates that the balance sheet and financial strength for Horizon One Credit Union has improved significantly in recent periods. | | Deposit Growth |  | | In the past year, Horizon One Credit Union has decreased its total deposits by -$4.29 million, resulting in -6.88% 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 One Credit Union has shown is poor. | | Capitalization |  | | 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 One Credit Union has $64.55 million in assets with $6.91 million in equity, resulting in a capitalization level of 10.71%, which is above average. |
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