Horizon Bank Mortgage Rates, Fees & Info
Michigan City, INLEI: P7GC0W65KB5CEIHLDX81
Tax ID: 35-1076581
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Mortgage Data
Bank Data
Review & Overview
Horizon Bank is a smaller bank specializing in Home Purchase and Refi loans. Horizon Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Chicago, Indianapolis, Michigan City, Niles, and South Bend among others. We have data for 61 markets. (Some data included below & more in-depth data is available with an active subscription.)Horizon Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Horizon Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.84% | 4/21/24 |
| 30 Year Conventional Refi | 6.68% | 4/21/24 |
| 30 Year Cash-out Refi | 6.94% | 4/21/24 |
| 30 Year FHA Purchase | 7.74% | 4/21/24 |
| 30 Year FHA Refi | 7.51% | 4/21/24 |
| 30 Year VA Purchase | 6.66% | 4/21/24 |
| 30 Year USDA Purchase | 7.05% | 4/21/24 |
| 15 Year Conventional Purchase | 6.76% | 4/21/24 |
| 15 Year Conventional Refi | 6.66% | 4/21/24 |
| 15 Year Cash-out Refi | 6.66% | 4/21/24 |
| 15 Year FHA Purchase | 5.68% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Horizon Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,191Origination Dollar Volume (All Markets)
$479,845,000Employee count
716Awards
Horizon Bank - 2018
Horizon Bank is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 531 | $93,305,000 | $175,716 | $2,487 | 4.26% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 413 | $66,265,000 | $160,448 | $1,546 | 3.57% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 663 | $62,315,000 | $93,989 | $2,112 | 4.32% |
| NILES, MI (FHA|USDA|VA) | 295 | $54,045,000 | $183,203 | $2,695 | 4.43% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 203 | $28,795,000 | $141,847 | $2,278 | 4.55% |
| Outside of Metro Areas | 193 | $27,795,000 | $144,016 | $2,426 | 3.86% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 190 | $24,280,000 | $127,789 | $2,421 | 4.87% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 114 | $19,530,000 | $171,316 | $2,908 | 4.18% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 40 | $10,000,000 | $250,000 | $2,506 | 4.43% |
| Warsaw, IN (FHA|USDA|VA) | 69 | $8,465,000 | $122,681 | $1,809 | 4.37% |
| MIDLAND, MI (FHA|USDA|VA) | 49 | $8,295,000 | $169,286 | $2,689 | 4.48% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 63 | $7,335,000 | $116,429 | $2,254 | 4.12% |
| SAGINAW, MI (FHA|USDA|VA) | 35 | $6,975,000 | $199,286 | $3,347 | 4.53% |
| Holland, MI (FHA|USDA|VA) | 17 | $6,915,000 | $406,765 | $3,459 | 3.83% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 35 | $6,665,000 | $190,429 | $2,312 | 4.46% |
| Auburn, IN (FHA|USDA|VA) | 57 | $5,975,000 | $104,825 | $2,563 | 3.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 19 | $5,875,000 | $309,211 | $3,165 | 4.26% |
| Kendallville, IN (FHA|USDA|VA) | 40 | $4,720,000 | $118,000 | $2,474 | 3.62% |
| Sturgis, MI (FHA|USDA|VA) | 30 | $4,050,000 | $135,000 | $2,064 | 4.48% |
| FORT WAYNE, IN (FHA|USDA|VA) | 36 | $3,900,000 | $108,333 | $2,122 | 4.17% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $3,245,000 | $649,000 | $3,843 | 4.61% |
| ANN ARBOR, MI (FHA|USDA|VA) | 10 | $2,750,000 | $275,000 | $3,020 | 3.77% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $0 | 4.93% |
| Plymouth, IN (FHA|USDA|VA) | 6 | $1,610,000 | $268,333 | $2,545 | 4.34% |
| Traverse City, MI (FHA|USDA|VA) | 4 | $1,590,000 | $397,500 | $3,451 | 4.25% |
| BAY CITY, MI (FHA|USDA|VA) | 8 | $1,360,000 | $170,000 | $2,888 | 4.26% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $1,315,000 | $1,315,000 | $10,349 | 4.00% |
| Angola, IN (FHA|USDA|VA) | 8 | $860,000 | $107,500 | $2,797 | 4.31% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $3,977 | 4.06% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 7 | $785,000 | $112,143 | $2,392 | 4.64% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $5,413 | 3.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 6.25% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,068 | 4.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $2,865 | 4.13% |
| FLINT, MI (FHA|USDA|VA) | 6 | $510,000 | $85,000 | $2,659 | 5.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,981 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,719 | 4.75% |
| Mount Pleasant, MI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $8,122 | 4.31% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,167 | 4.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,887 | 6.50% |
| Defiance, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,500 | 4.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,722 | 4.13% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,364 | 4.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,688 | 4.75% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,847 | 4.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,741 | 4.63% |
| Huntington, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,969 | 4.38% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,490 | 4.75% |
| Crawfordsville, IN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $1,606 | 4.88% |
| COLUMBUS, IN (FHA|USDA|VA) | 5 | $175,000 | $35,000 | $0 | 7.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $2,098 | 3.91% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,304 | 4.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,455 | 5.13% |
| LIMA, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 1.99% |
| Dayton, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,948 | 5.63% |
| Peru, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,099 | 4.50% |
| Logansport, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,695 | 4.38% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.99% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.99% |
| Van Wert, OH (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 1.99% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 9.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Horizon Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Horizon Bank's most frequently originated type of loan was Conventional, with 1,961 originations. Their 2nd most popular type was HELOC, with 1,034 originations.
Loan Reason
For 2018, Horizon Bank's most frequently cited loan purpose was Home Purchase, with 1,426 originations. The 2nd most popular reason was Refi, with 674 originations.
Loan Duration/Length
For 2018, Horizon Bank's most frequently cited loan duration was 30 Year, with 1,337 originations. The 2nd most popular length was Other, with 1,115 originations.
Origination Fees/Closing Costs
Horizon Bank's average total fees were $2,816, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,534 originations.
Interest Rates
During 2018, Horizon Bank's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 4-5%, with 1,186 originations.
Loan Sizing
2018 saw Horizon Bank place emphasis on $100,000 or less loans with 1,621 originations, totaling $77,745,000 in origination value.
Applicant Income
Horizon Bank lent most frequently to those with incomes in the $50k-75k range, with 709 originations. The second most popular income band? $50k or less, with 679 originations.
Applicant Debt to Income Ratio
Horizon Bank lent most frequently to those with DTI ratios of 20-30%, with 863 originations. The next most common DTI ratio? 30-36%, with 570 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.19%
Horizon Bank has a below average approval rate.
Pick Rate
Approvals leading to origination86.09%
Horizon Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2120.0 | 1 | $45,000 | $45,000 |
| 2164.05 | 1 | $35,000 | $35,000 |
| NA | 3,189 | $479,765,000 | $150,444 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Horizon Financial Group, Inc. | FHA mortgage | Closing on a mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Horizon Bank | 116 West Mitchell Street Kendallville, IN 46755 | Full Service B&M | $32,285 |
| Horizon Bank | 433 Anchorage Rd Warsaw, IN 46580 | Full Service B&M | $23,501 |
| Horizon Bank | 1 Parkman Drive Westville, IN 46391 | Full Service B&M | $9,271 |
| Horizon Bank | 102 East Main Street Mentone, IN 46539 | Full Service B&M | $29,928 |
| Horizon Bank | 1041 East Napier Avenue Benton Harbor, MI 49022 | Full Service B&M | $13,647 |
| Horizon Bank | 10429 Calumet Avenue Munster, IN 46321 | Full Service B&M | $15,514 |
| Horizon Bank | 105 Main Street Avilla, IN 46710 | Full Service B&M | $12,451 |
| Horizon Bank | 114-118 S. Detroit Street Lagrange, IN 46761 | Full Service B&M | $17,096 |
| Horizon Bank | 117 East First Street Wanatah, IN 46390 | Full Service B&M | $43,261 |
| Horizon Bank | 118 Ashman Street Midland, MI 48640 | Full Service B&M | $10,379 |
| Horizon Bank | 1212 S Randolph St Garrett, IN 46738 | Full Service B&M | $17,869 |
| Horizon Bank | 1213 West Michigan Three Rivers, MI 49093 | Full Service B&M | $33,904 |
| Horizon Bank | 1216 West Carmel Drive Carmel, IN 46032 | Full Service B&M | $63,553 |
| Horizon Bank | 123-129 South Main Street Columbia City, IN 46725 | Full Service B&M | $33,434 |
| Horizon Bank | 126 East 5th Street Michigan City, IN 46360 | Limited, Drive-thru | $0 |
| Horizon Bank | 1300 North Main Street Crown Point, IN 46307 | Full Service B&M | $32,593 |
| Horizon Bank | 1321 - 119th Street Whiting, IN 46394 | Full Service B&M | $43,724 |
| Horizon Bank | 1349 Calumet Avenue Hammond, IN 46394 | Full Service B&M | $23,200 |
| Horizon Bank | 1500 West Lincolnway Laporte, IN 46350 | Full Service B&M | $115,805 |
| Horizon Bank | 151 S. Marlin Drive Greenwood, IN 46142 | Full Service B&M | $66,934 |
| Horizon Bank | 1600 Abbott Road East Lansing, MI 48823 | Full Service B&M | $76,436 |
| Horizon Bank | 17400 State Road 23 South Bend, IN 46635 | Full Service B&M | $11,961 |
| Horizon Bank | 1909 East Bristol Street Elkhart, IN 46514 | Full Service B&M | $15,289 |
| Horizon Bank | 1980 Northwestern Avenue West Lafayette, IN 47906 | Full Service B&M | $33,078 |
| Horizon Bank | 2 South Perry Street Attica, IN 47918 | Full Service B&M | $40,535 |
| Horizon Bank | 200 Main Street Leesburg, IN 46538 | Full Service B&M | $10,816 |
| Horizon Bank | 210 West Lake Street Topeka, IN 46571 | Full Service B&M | $6,801 |
| Horizon Bank | 2102 East Center Street Warsaw, IN 46580 | Full Service B&M | $22,009 |
| Horizon Bank | 212 West Seventh Street Auburn, IN 46706 | Full Service B&M | $90,022 |
| Horizon Bank | 2134 Greenbush Street Lafayette, IN 47904 | Full Service B&M | $31,908 |
| Horizon Bank | 2151 West Grand River Okemos, MI 48864 | Full Service B&M | $30,570 |
| Horizon Bank | 22730 Main Street Woodburn, IN 46797 | Full Service B&M | $5,373 |
| Horizon Bank | 250 Pearl Street Nw Grand Rapids, MI 49503 | Full Service B&M | $39,105 |
| Horizon Bank | 2608 Niles Road Saint Joseph, MI 49085 | Full Service B&M | $30,370 |
| Horizon Bank | 2650 Willowcreek Road Portage, IN 46368 | Full Service B&M | $73,674 |
| Horizon Bank | 301 Boyd Boulevard Laporte, IN 46350 | Full Service B&M | $26,747 |
| Horizon Bank | 301 South Street Lafayette, IN 47901 | Full Service B&M | $82,131 |
| Horizon Bank | 302 N. Alabama Street Indianapolis, IN 46204 | Full Service B&M | $107,951 |
| Horizon Bank | 303 Defiance Street Howe, IN 46746 | Full Service B&M | $6,626 |
| Horizon Bank | 307 East Jackson Street Attica, IN 47918 | Full Service B&M | $0 |
| Horizon Bank | 3250 West Centre Avenue Portage, MI 49024 | Full Service B&M | $37,011 |
| Horizon Bank | 3602 Cougill Lane Lafayette, IN 47909 | Full Service B&M | $13,356 |
| Horizon Bank | 3631 South Franklin Street Michigan City, IN 46360 | Full Service B&M | $136,212 |
| Horizon Bank | 411 South Huntington Street Syracuse, IN 46567 | Full Service B&M | $32,575 |
| Horizon Bank | 420 North Morton Street Franklin, IN 46131 | Full Service B&M | $115,528 |
| Horizon Bank | 4208 North Calumet Valparaiso, IN 46383 | Full Service B&M | $103,224 |
| Horizon Bank | 423 South Roosevelt Chesterton, IN 46304 | Full Service B&M | $76,083 |
| Horizon Bank | 455 Morthland Drive Valparaiso, IN 46383 | Full Service B&M | $8,377 |
| Horizon Bank | 464 North Main Street Frankenmuth, MI 48734 | Full Service B&M | $19,019 |
| Horizon Bank | 500 North Grand Schoolcraft, MI 49087 | Full Service B&M | $8,895 |
| Horizon Bank | 500 West Buffalo Street New Buffalo, MI 49117 | Full Service B&M | $62,959 |
| Horizon Bank | 507 North Main Street Columbia City, IN 46725 | Full Service B&M | $6,089 |
| Horizon Bank | 515 Franklin Street Michigan City, IN 46360 | Full Service B&M | $352,844 |
| Horizon Bank | 5710 Eastman Avenue Midland, MI 48640 | Full Service B&M | $160,062 |
| Horizon Bank | 625 S. Wayne Street Waterloo, IN 46793 | Full Service B&M | $18,067 |
| Horizon Bank | 6801 West U.S. 12 Three Oaks, MI 49128 | Full Service B&M | $19,242 |
| Horizon Bank | 710 Indiana Ave La Porte, IN 46350 | Full Service B&M | $194,210 |
| Horizon Bank | 800 Us 31 South Greenwood, IN 46143 | Full Service B&M | $24,106 |
| Horizon Bank | 811 Ship Street Saint Joseph, MI 49085 | Full Service B&M | $63,846 |
| Horizon Bank | 8590 Broadway Merrillville, IN 46410 | Full Service B&M | $47,997 |
| Horizon Bank | 902 Lincolnway Valparaiso, IN 46383 | Full Service B&M | $63,586 |
| Horizon Bank | Johnson Road And Cr 400 N Michigan City, IN 46360 | Full Service B&M | $31,136 |
| Horizon Bank | Three Notch Lane Bargersville, IN 46106 | Full Service B&M | $37,249 |
| Horizon Bank | Us Highway 12 And Union Road Union, MI 49130 | Full Service B&M | $19,501 |
For 2018, Horizon Bank had 64 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $166,118 |
| Net interest income | $136,994 |
| Total noninterest income | $34,856 |
| Gross Fiduciary activities income | $7,827 |
| Service charges on deposit accounts | $12,905 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $14,124 |
| Pre-tax net operating income | $66,975 |
| Securities gains (or losses, -) | $-443 |
| Income before extraordinary items | $55,319 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $55,319 |
| Minority interest net income | $0 |
| Net income | $55,319 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $55,686 |
Horizon Bank's gross interest income from loans was $166,118,000.
Horizon Bank's net interest income from loans was $136,994,000.
Horizon Bank's fee based income from loans was $12,905,000.
Horizon Bank's net income from loans was $55,319,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $29,124 |
| Provision for credit losses | $2,906 |
| Total noninterest expense | $101,969 |
| Salaries and employee benefits | $55,200 |
| Premises and equipment expense | $10,476 |
| Additional noninterest expense | $36,293 |
| Applicable income taxes | $11,213 |
| Net charge-offs | $1,480 |
| Cash dividends | $45,000 |
Horizon Bank's interest expense for loans was $29,124,000.
Horizon Bank's payroll and benefits expense were $55,200,000.
Horizon Bank's property, plant and equipment expenses $10,476,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $3,170,029 |
| Deposits held in domestic offices | $3,170,029 |
| Deposits by Individuals, partnerships, and corporations | $2,372,099 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $797,930 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $320,331 |
| Demand deposits | $197,240 |
| Nontransaction accounts | $2,849,698 |
| Money market deposit accounts (MMDAs) | $420,123 |
| Other savings deposits (excluding MMDAs) | $1,616,912 |
| Total time deposits | $812,663 |
| Total time and savings deposits | $2,972,789 |
| Noninterest-bearing deposits | $672,782 |
| Interest-bearing deposits | $2,497,247 |
| Retail deposits | $2,801,836 |
| IRAs and Keogh plan accounts | $111,115 |
| Brokered deposits | $91,429 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $4,241,335 |
| Cash & Balances due from depository institutions | $69,659 |
| Interest-bearing balances | $17,001 |
| Total securities | $810,462 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $2,996,550 |
| Loan and leases loss allowance | $17,820 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $74,331 |
| Other real estate owned | $2,027 |
| Goodwill and other intangibles | $142,619 |
| All other assets | $145,687 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $4,241,335 |
| Total Liabilities | $3,741,704 |
| Total deposits | $3,170,029 |
| Interest-bearing deposits | $2,497,247 |
| Deposits held in domestic offices | $3,170,029 |
| % insured (estimated) | $64 |
| Federal funds purchased and repurchase agreements | $193,805 |
| Trading liabilities | $0 |
| Other borrowed funds | $356,579 |
| Subordinated debt | $0 |
| All other liabilities | $21,291 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,996,550 |
| Loan and leases loss allowance | $17,820 |
| Total loans and leases (domestic) | $3,014,370 |
| All real estate loans | $2,197,547 |
| Real estate loans in domestic offices | $2,197,547 |
| Construction and development loans | $152,750 |
| Residential 1-4 family construction | $29,879 |
| Other construction, all land development and other land | $122,871 |
| Loans secured by nonfarm nonresidential properties | $888,253 |
| Nonfarm nonresidential secured by owner-occupied properties | $343,799 |
| Commercial real estate & other non-farm, non-residential | $544,454 |
| Multifamily residential real estate | $199,682 |
| 1-4 family residential loans | $897,595 |
| Farmland loans | $59,267 |
| Loans held in foreign offices | $0 |
| Farm loans | $44,790 |
| Commercial and industrial loans | $304,230 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $350,225 |
| Credit card loans | $66 |
| Related Plans | $2,895 |
| Consumer Auto Loans | $327,568 |
| Other loans to individuals | $19,696 |
| All other loans & leases | $117,578 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $81,174 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $2,002 |
| Non 1-4 family restructured loans & leases | $109 |
| Total loans and leases (foreign) | $0 |
Horizon Bank had $2,996,550,000 of loans outstanding in 2018. $2,197,547,000 of loans were in real estate loans. $152,750,000 of loans were in development loans. $199,682,000 of loans were in multifamily mortgage loans. $897,595,000 of loans were in 1-4 family mortgage loans. $44,790,000 of loans were in farm loans. $66,000 of loans were in credit card loans. $327,568,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 1,554 | $322,463 | $207,505 |
| Nonfarm, nonresidential loans - <$100k | 313 | $11,584 | $37,010 |
| Nonfarm, nonresidential loans - $100-250k | 540 | $60,855 | $112,694 |
| Nonfarm, nonresidential loans - $250k-1MM | 701 | $250,024 | $356,668 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,421 | $168,827 | $69,734 |
| Commercial & Industrial, US addressed loans - <$100k | 1,431 | $32,922 | $23,006 |
| Commercial & Industrial, US addressed loans - $100-250k | 575 | $40,829 | $71,007 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 415 | $95,076 | $229,099 |
| Farmland loans - <$1MM | 210 | $27,215 | $129,595 |
| Farmland loans - <$100k | 63 | $2,506 | $39,778 |
| Farmland loans - $100-250k | 96 | $10,882 | $113,354 |
| Farmland loans - $250k-1MM | 51 | $13,827 | $271,118 |
| Agriculture operations loans - <$1MM | 270 | $20,120 | $74,519 |
| Agriculture operations loans - <$100k | 158 | $3,801 | $24,057 |
| Agriculture operations loans - $100-250k | 70 | $6,467 | $92,386 |
| Agriculture operations loans - $250k-1MM | 42 | $9,852 | $234,571 |