Horicon Bank is headquartered in Horicon and is the 27th largest bank in the state of Wisconsin. It is also the 927th largest bank in the nation. It was established in 1896 and as of March of 2020, it had grown to 199 employees at 19 locations. Horicon Bank has a B health rating.
This bank was able to deposit a cashiers' check from a local business sale that our credit union would not accept, even for a held deposit. I used the entire 5 figure check to open a checking account with the Horicon Bank and had nothing but good experiences with them. Their employees know who we are when we walk in the door and are able to answer our questions and provide service without needing to jump through corporate hoops. When it came time to sell our second business, our buyer was able to obtain business financing through Horicon that I am sure would not have been possible with a larger bank. They are still able to take into account the character of the individual instead of relying on hard numbers processed off site. That business sale would not have been possible without their help on the other end.
|FDIC Certificate #||11236|
|Return on Assets - YTD||1%|
|Return on Equity - YTD||9.68%|
|Annual Interest Income||$9.8MM|
|Assets and Liabilities|
|Assets||Q1 2020vs Q1 2019||$885.0MM$753.3MM|
|Loans||Q1 2020vs Q1 2019||$762.3MM$650.4MM|
|Deposits||Q1 2020vs Q1 2019||$780.5MM$665.3MM|
|Equity Capital||Q1 2020vs Q1 2019||$91.8MM$82.5MM|
|Loan Loss Allowance||Q1 2020vs Q1 2019||$9.2MM$6.7MM|
|Unbacked Noncurrent Loans||Q1 2020vs Q1 2019||$14.2MM$4.5MM|
|Real Estate Owned||Q1 2020vs Q1 2019||$1.6MM$73.00K|
Rates for Horicon Bank are currently being reviewed.