Horicon Bank is headquartered in HORICON and is the 24th largest bank in the state of Wisconsin. It is also the 831st largest bank in the nation. It was established in 1896 and as of June of 2023, it had grown to 223 employees at 19 locations. Horicon Bank's money market rates are 5X the national average, and it has a B health rating.
Good Experience
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.
Horicon Bank Review
I would not recommend a friend to use this bank.
Since they bought out my previous bank (Cornerstone Community Bank), my finances have been jumbled to no end. The debit cards that I have been issued are declined right and left, when the funds are available. On the mobile banking app, I am greeted with an error code every time I try to transfer funds from one account to another. The customer service is a huge disappointment compared to my old bank- I’m consistently getting an answering machine when I call and no call backs. WOULD NOT RECOMMEND TO A FRIEND.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11236 |
| Year Established | 1896 |
| Employees | 223 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 8.89% |
| Annual Interest Income | $26.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.25B$1.21B |
| Loans | Q2 2023vs Q2 2022 | $959.0MM$869.9MM |
| Deposits | Q2 2023vs Q2 2022 | $1.08B$1.11B |
| Equity Capital | Q2 2023vs Q2 2022 | $97.1MM$97.3MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $10.2MM$10.0MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $9.3MM$10.1MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
