Horizon Bank Mortgage Rates, Fees & Info

Michigan City, IN

LEI: P7GC0W65KB5CEIHLDX81

Tax ID: 35-1076581

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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 62 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/17/24
    30 Year Conventional Purchase 6.84% 11/17/24
    30 Year Conventional Refi 6.68% 11/17/24
    30 Year Cash-out Refi 6.94% 11/17/24
    30 Year FHA Purchase 7.74% 11/17/24
    30 Year FHA Refi 7.51% 11/17/24
    30 Year VA Purchase 6.66% 11/17/24
    30 Year USDA Purchase 7.05% 11/17/24
    15 Year Conventional Purchase 6.76% 11/17/24
    15 Year Conventional Refi 6.66% 11/17/24
    15 Year Cash-out Refi 6.66% 11/17/24
    15 Year FHA Purchase 5.68% 11/17/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Horizon Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    3,786

    Origination Dollar Volume (All Markets)

    $570,500,000

    Employee count

    800 Show all (13) awards

    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) 559 $93,995,000 $168,148 $2,718 4.05%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 589 $71,405,000 $121,231 $2,143 3.93%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 669 $69,695,000 $104,178 $2,344 4.10%
    NILES, MI (FHA|USDA|VA) 324 $57,960,000 $178,889 $2,844 3.93%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 190 $41,460,000 $218,211 $2,534 4.16%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 164 $37,950,000 $231,402 $3,050 4.01%
    Outside of Metro Areas 233 $37,485,000 $160,880 $2,530 3.87%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 209 $28,105,000 $134,474 $2,137 4.21%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 79 $18,945,000 $239,810 $2,821 3.94%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 103 $12,615,000 $122,476 $2,350 4.11%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 12 $10,540,000 $878,333 $2,914 4.13%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 23 $9,795,000 $425,870 $2,786 4.14%
    MIDLAND, MI (FHA|USDA|VA) 54 $8,300,000 $153,704 $2,569 4.25%
    FORT WAYNE, IN (FHA|USDA|VA) 77 $8,055,000 $104,610 $1,857 3.80%
    Auburn, IN (FHA|USDA|VA) 70 $7,330,000 $104,714 $2,763 4.02%
    Warsaw, IN (FHA|USDA|VA) 50 $7,110,000 $142,200 $1,832 4.03%
    Holland, MI (FHA|USDA|VA) 27 $6,875,000 $254,630 $2,722 4.29%
    COLUMBUS, IN (FHA|USDA|VA) 53 $5,775,000 $108,962 $2,118 4.06%
    Kendallville, IN (FHA|USDA|VA) 46 $5,510,000 $119,783 $2,259 4.01%
    Sturgis, MI (FHA|USDA|VA) 32 $4,550,000 $142,188 $2,621 4.00%
    KOKOMO, IN (FHA|USDA|VA) 33 $3,815,000 $115,606 $1,958 4.27%
    Plymouth, IN (FHA|USDA|VA) 12 $2,660,000 $221,667 $2,470 4.23%
    Marion, IN (FHA|USDA|VA) 21 $2,615,000 $124,524 $1,287 4.02%
    Logansport, IN (FHA|USDA|VA) 41 $2,545,000 $62,073 $1,958 4.35%
    SAGINAW, MI (FHA|USDA|VA) 12 $1,280,000 $106,667 $1,930 4.33%
    Frankfort, IN (FHA|USDA|VA) 6 $1,160,000 $193,333 $1,968 4.25%
    Angola, IN (FHA|USDA|VA) 8 $1,020,000 $127,500 $2,038 4.58%
    BATTLE CREEK, MI (FHA|USDA|VA) 6 $910,000 $151,667 $2,144 4.26%
    BLOOMINGTON, IN (FHA|USDA|VA) 11 $895,000 $81,364 $1,661 4.02%
    ANN ARBOR, MI (FHA|USDA|VA) 3 $875,000 $291,667 $2,562 4.29%
    BAY CITY, MI (FHA|USDA|VA) 9 $825,000 $91,667 $1,854 3.80%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $755,000 $251,667 $4,497 4.29%
    Huntington, IN (FHA|USDA|VA) 2 $740,000 $370,000 $2,231 4.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $585,000 $195,000 $2,830 3.83%
    Cadillac, MI (FHA|USDA|VA) 3 $535,000 $178,333 $2,111 4.34%
    Crawfordsville, IN (FHA|USDA|VA) 4 $460,000 $115,000 $2,277 4.28%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $460,000 $230,000 $2,782 4.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $435,000 $435,000 $3,945 4.38%
    Breckenridge, CO (FHA|USDA|VA) 1 $425,000 $425,000 $3,693 4.25%
    FLINT, MI (FHA|USDA|VA) 4 $400,000 $100,000 $2,845 3.78%
    Coldwater, MI (FHA|USDA|VA) 4 $360,000 $90,000 $2,491 5.19%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $275,000 $275,000 $2,792 4.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,039 4.75%
    North Vernon, IN (FHA|USDA|VA) 2 $270,000 $135,000 $3,509 3.88%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $3,858 4.13%
    TERRE HAUTE, IN (FHA|USDA|VA) 2 $260,000 $130,000 $1,817 5.31%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $235,000 $235,000 $2,856 4.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,463 3.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,549 4.75%
    Peru, IN (FHA|USDA|VA) 4 $200,000 $50,000 $2,510 3.62%
    Decatur, IN (FHA|USDA|VA) 2 $180,000 $90,000 $971 5.18%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,753 4.38%
    Mount Pleasant, MI (FHA|USDA|VA) 2 $130,000 $65,000 $1,513 5.43%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,581 4.75%
    Wabash, IN (FHA|USDA|VA) 2 $110,000 $55,000 $2,964 4.38%
    New Castle, IN (FHA|USDA|VA) 1 $95,000 $95,000 $2,160 5.13%
    Greensburg, IN (FHA|USDA|VA) 3 $85,000 $28,333 $0 9.50%
    Ludington, MI (FHA|USDA|VA) 2 $80,000 $40,000 $0 7.25%
    Bedford, IN (FHA|USDA|VA) 3 $45,000 $15,000 $0 10.08%
    Traverse City, MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 2.49%
    Bluffton, IN (FHA|USDA|VA) 1 $15,000 $15,000 $0 2.49%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $5,000 $5,000 $0 5.24%
    Horizon Bank's top markets include Chicago, Indianapolis, Michigan City, Niles, and South Bend among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • 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.

    Fire Police City County Federal Credit Union
    Similarity Rank: 72
    Liberty Bank for Savings
    Similarity Rank: 85
    Wanigas Credit Union
    Similarity Rank: 126
    BEACON CREDIT UNION
    Similarity Rank: 130
    Industrial Federal Credit Union
    Similarity Rank: 138
    BIRMINGHAM-BLOOMFIELD Credit Union
    Similarity Rank: 159
    Dort Financial Credit Union
    Similarity Rank: 222
    Circle Federal Credit Union
    Similarity Rank: 243
    LAFCU
    Similarity Rank: 289
    Polish-American Federal Credit Union
    Similarity Rank: 297

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,201 $424,175,000 $192,719 $2,288 4.72%
    HELOC 1,353 $112,045,000 $82,812 n/a 2.94%
    FHA 163 $22,375,000 $137,270 $4,406 4.23%
    VA 42 $9,220,000 $219,524 $4,013 4.10%
    USDA 27 $2,685,000 $99,444 $3,059 4.06%

    For 2019, Horizon Bank's most frequently originated type of loan was Conventional, with 2,201 originations. Their 2nd most popular type was HELOC, with 1,353 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,580 $310,660,000 $196,620 $2,973 4.27%
    Refi 848 $125,400,000 $147,877 $1,841 3.75%
    Home Improvement 750 $58,760,000 $78,347 $19 3.88%
    Cash Out Refi 344 $61,000,000 $177,326 $3,123 4.32%
    Other 264 $14,680,000 $55,606 $0 3.84%

    For 2019, Horizon Bank's most frequently cited loan purpose was Home Purchase, with 1,580 originations. The 2nd most popular reason was Refi, with 848 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,532 $294,040,000 $191,932 $2,892 4.30%
    Other 1,373 $123,635,000 $90,047 $795 2.97%
    15 Year 355 $47,005,000 $132,408 $1,993 4.30%
    10 Year 155 $30,785,000 $198,613 $776 5.34%
    5 Year 149 $11,535,000 $77,416 $5 7.92%
    20 Year 118 $13,000,000 $110,169 $1,521 5.54%
    30+ year 93 $49,575,000 $533,065 $5,297 4.27%
    3 Year 8 $100,000 $12,500 $18 7.97%
    1 Year 3 $825,000 $275,000 $0 5.44%

    For 2019, Horizon Bank's most frequently cited loan duration was 30 Year, with 1,532 originations. The 2nd most popular length was Other, with 1,373 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,655 $252,965,000 $152,849
    $1k-2k 513 $113,605,000 $221,452
    $2k-3k 146 $32,200,000 $220,548
    $3k-4k 43 $8,045,000 $187,093
    $4k-5k 14 $3,020,000 $215,714
    $5k+ 14 $3,860,000 $275,714

    Horizon Bank's average total fees were $2,892, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,655 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,038 $240,180,000 $231,387
    3-4% 915 $191,275,000 $209,044
    <2.5% 897 $68,025,000 $75,836
    5-6% 395 $38,105,000 $96,468
    2.5-3% 297 $23,965,000 $80,690
    6-7% 110 $5,430,000 $49,364
    Over 8% 92 $1,590,000 $17,283
    7-8% 41 $1,785,000 $43,537

    During 2019, Horizon Bank's average interest rate for loans was 4.30%, while their most frequently originated rate bucket for loans was 4-5%, with 1,038 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,804 $88,220,000 $48,902 $1,409 4.12%
    $100k-200k 1,158 $163,190,000 $140,924 $2,790 3.92%
    $200k-400k 633 $170,545,000 $269,423 $3,157 4.06%
    $400k-600k 110 $52,870,000 $480,636 $3,610 4.09%
    $600k-1MM 58 $44,110,000 $760,517 $4,049 4.31%
    $1MM+ 23 $51,565,000 $2,241,957 $6,272 4.30%

    2019 saw Horizon Bank place emphasis on $100,000 or less loans with 1,804 originations, totaling $88,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 830 $86,890,000 $104,687 $2,348 4.12%
    $50k or less 737 $59,655,000 $80,943 $2,224 4.32%
    $100k-150k 700 $96,710,000 $138,157 $2,462 3.88%
    $75k-100k 648 $84,480,000 $130,370 $2,412 4.05%
    $150k-250k 494 $95,110,000 $192,530 $2,783 4.00%
    $250k+ 304 $99,130,000 $326,086 $3,513 3.59%

    Horizon Bank lent most frequently to those with incomes in the $50k-75k range, with 830 originations. The second most popular income band? $50k or less, with 737 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,091 $140,655,000 $128,923 $2,234 3.96%
    30-36% 688 $95,960,000 $139,477 $2,490 4.07%
    <20% 618 $68,300,000 $110,518 $2,024 3.80%
    42% 160 $29,190,000 $182,438 $2,934 3.69%
    43% 136 $17,870,000 $131,397 $2,476 3.86%
    40% 131 $23,525,000 $179,580 $2,710 4.06%
    38% 125 $19,155,000 $153,240 $2,647 4.13%
    36% 118 $18,710,000 $158,559 $2,769 4.30%
    39% 113 $17,405,000 $154,027 $2,876 4.27%
    41% 109 $18,815,000 $172,615 $2,510 4.14%
    37% 107 $15,315,000 $143,131 $2,419 4.24%
    44% 53 $8,915,000 $168,208 $3,246 4.53%
    49% 51 $9,795,000 $192,059 $2,730 4.58%
    47% 47 $8,215,000 $174,787 $2,620 4.48%
    50-60% 45 $6,835,000 $151,889 $3,839 4.34%
    46% 45 $10,475,000 $232,778 $3,459 4.16%
    45% 43 $7,365,000 $171,279 $2,831 4.46%
    48% 41 $7,685,000 $187,439 $2,932 4.54%
    >60% 15 $905,000 $60,333 $319 6.48%

    Horizon Bank lent most frequently to those with DTI ratios of 20-30%, with 1,091 originations. The next most common DTI ratio? 30-36%, with 688 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,319 $472,005,000 $142,213 $2,484 4.03%
    Not provided 318 $43,520,000 $136,855 $2,436 4.03%
    Not applicable 37 $38,895,000 $1,051,216 $1,910 4.99%
    Black 70 $7,680,000 $109,714 $2,076 4.80%
    Asian 27 $5,175,000 $191,667 $2,562 3.91%
    Asian Indian 1 $1,125,000 $1,125,000 $6,255 4.38%
    Other Pacific Islander 2 $920,000 $460,000 $2,540 3.75%
    American Indian 7 $915,000 $130,714 $2,952 3.94%
    Native Hawaiian or Islander 5 $265,000 $53,000 $2,067 2.79%

    Approval Rates

    Total approvals of all applications
    77.14%

    Horizon Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.40%

    Horizon Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,786 $570,500,000 $150,687

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 26 $42,470,000 $1,633,462
    Single Family (1-4 Units):Manufactured 73 $4,835,000 $66,233
    Single Family (1-4 Units):Site-Built 3,687 $523,195,000 $141,903

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 664 $60,790,000 $91,551 $1,010 3.70%
    40-60% 400 $65,270,000 $163,175 $2,259 3.73%
    60-80% 809 $184,315,000 $227,831 $2,940 4.15%
    80-100% 1,093 $228,885,000 $209,410 $3,011 4.26%
    Over 100% 10 $2,390,000 $239,000 $6,426 4.09%
    Under 20% 806 $28,580,000 $35,459 $123 4.11%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Horizon Bank 1213 West Michigan Three Rivers, MI 49093 Full Service B&M $38,479
    Horizon Bank 210 West Lake Street Topeka, IN 46571 Full Service B&M $6,310
    Horizon Bank 2102 East Center Street Warsaw, IN 46580 Full Service B&M $17,684
    Horizon Bank 1 Parkman Drive Westville, IN 46391 Full Service B&M $12,036
    Horizon Bank 100 West Main Street Edinburgh, IN 46124 Full Service B&M $40,341
    Horizon Bank 102 East Main Street Mentone, IN 46539 Full Service B&M $29,281
    Horizon Bank 102 S Market Street Delphi, IN 46923 Full Service B&M $36,499
    Horizon Bank 1041 East Napier Avenue Benton Harbor, MI 49022 Full Service B&M $16,694
    Horizon Bank 10429 Calumet Avenue Munster, IN 46321 Full Service B&M $18,844
    Horizon Bank 105 Main Street Avilla, IN 46710 Full Service B&M $12,275
    Horizon Bank 106 West Columbia Street Flora, IN 46929 Full Service B&M $45,993
    Horizon Bank 110 West Main Street Fort Wayne, IN 46802 Full Service B&M $33,609
    Horizon Bank 112 South Washington St Kokomo, IN 46901 Full Service B&M $40,501
    Horizon Bank 114-118 S. Detroit Street Lagrange, IN 46761 Full Service B&M $15,842
    Horizon Bank 116 West Mitchell Street Kendallville, IN 46755 Full Service B&M $29,482
    Horizon Bank 117 East First Street Wanatah, IN 46390 Full Service B&M $49,075
    Horizon Bank 118 Ashman Street Midland, MI 48640 Full Service B&M $9,171
    Horizon Bank 1200 North Baldwin Avenue Marion, IN 46952 Full Service B&M $65,753
    Horizon Bank 1212 S Randolph St Garrett, IN 46738 Full Service B&M $17,659
    Horizon Bank 1216 West Carmel Drive Carmel, IN 46032 Full Service B&M $30,002
    Horizon Bank 123-129 South Main Street Columbia City, IN 46725 Full Service B&M $32,979
    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 $37,362
    Horizon Bank 1321 - 119th Street Whiting, IN 46394 Full Service B&M $43,883
    Horizon Bank 1349 Calumet Avenue Hammond, IN 46394 Full Service B&M $22,344
    Horizon Bank 1500 West Lincolnway Laporte, IN 46350 Full Service B&M $125,919
    Horizon Bank 151 S. Marlin Drive Greenwood, IN 46142 Full Service B&M $66,778
    Horizon Bank 1600 Abbott Road East Lansing, MI 48823 Full Service B&M $86,185
    Horizon Bank 17400 State Road 23 South Bend, IN 46635 Full Service B&M $11,085
    Horizon Bank 1909 East Bristol Street Elkhart, IN 46514 Full Service B&M $10,052
    Horizon Bank 1980 Northwestern Avenue West Lafayette, IN 47906 Full Service B&M $34,024
    Horizon Bank 2 South Perry Street Attica, IN 47918 Full Service B&M $39,959
    Horizon Bank 212 West Seventh Street Auburn, IN 46706 Full Service B&M $87,927
    Horizon Bank 2134 Greenbush Street Lafayette, IN 47904 Full Service B&M $29,434
    Horizon Bank 2151 West Grand River Okemos, MI 48864 Full Service B&M $37,861
    Horizon Bank 250 Pearl Street Nw Grand Rapids, MI 49503 Full Service B&M $77,891
    Horizon Bank 2608 Niles Road Saint Joseph, MI 49085 Full Service B&M $34,970
    Horizon Bank 2650 Willowcreek Road Portage, IN 46368 Full Service B&M $76,334
    Horizon Bank 2825 S Washington St Kokomo, IN 46902 Full Service B&M $5,318
    Horizon Bank 2901 East Market Street Logansport, IN 46947 Full Service B&M $111,463
    Horizon Bank 301 Boyd Boulevard Laporte, IN 46350 Full Service B&M $28,372
    Horizon Bank 301 South Street Lafayette, IN 47901 Full Service B&M $106,496
    Horizon Bank 302 N. Alabama Street Indianapolis, IN 46204 Full Service B&M $140,659
    Horizon Bank 303 Defiance Street Howe, IN 46746 Full Service B&M $5,714
    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 $54,891
    Horizon Bank 330 North Creasy Lane Lafayette, IN 47902 Full Service B&M $26,346
    Horizon Bank 3501 Central Avenue Columbus, IN 47203 Full Service B&M $24,374
    Horizon Bank 3602 Cougill Lane Lafayette, IN 47909 Full Service B&M $14,428
    Horizon Bank 3631 South Franklin Street Michigan City, IN 46360 Full Service B&M $133,092
    Horizon Bank 411 South Huntington Street Syracuse, IN 46567 Full Service B&M $32,508
    Horizon Bank 420 North Morton Street Franklin, IN 46131 Full Service B&M $120,142
    Horizon Bank 4208 North Calumet Valparaiso, IN 46383 Full Service B&M $96,324
    Horizon Bank 423 South Roosevelt Chesterton, IN 46304 Full Service B&M $81,265
    Horizon Bank 433 Anchorage Rd Warsaw, IN 46580 Full Service B&M $21,303
    Horizon Bank 436 South California Galveston, IN 46932 Full Service B&M $26,423
    Horizon Bank 44 S. 8th Street Noblesville, IN 46060 Full Service B&M $3,867
    Horizon Bank 455 Morthland Drive Valparaiso, IN 46383 Full Service B&M $10,390
    Horizon Bank 464 North Main Street Frankenmuth, MI 48734 Full Service B&M $19,180
    Horizon Bank 500 West Buffalo Street New Buffalo, MI 49117 Full Service B&M $63,563
    Horizon Bank 507 North Main Street Columbia City, IN 46725 Full Service B&M $5,593
    Horizon Bank 515 Franklin Street Michigan City, IN 46360 Full Service B&M $436,666
    Horizon Bank 5710 Eastman Avenue Midland, MI 48640 Full Service B&M $236,945
    Horizon Bank 625 S. Wayne Street, P.O. Box 7 Waterloo, IN 46793 Full Service B&M $18,595
    Horizon Bank 655 Third Street Columbus, IN 47201 Full Service B&M $83,963
    Horizon Bank 6801 West U.S. 12 Three Oaks, MI 49128 Full Service B&M $21,310
    Horizon Bank 710 Indiana Ave La Porte, IN 46350 Full Service B&M $191,752
    Horizon Bank 77 E 8th St Holland, MI 49423 Full Service B&M $14,381
    Horizon Bank 800 Us 31 South Greenwood, IN 46143 Full Service B&M $23,858
    Horizon Bank 811 Ship Street Saint Joseph, MI 49085 Full Service B&M $57,679
    Horizon Bank 8455 Keystone Crossing Drive Indianapolis, IN 46240 Full Service B&M $107,064
    Horizon Bank 8590 Broadway Merrillville, IN 46410 Full Service B&M $47,098
    Horizon Bank 902 Lincolnway Valparaiso, IN 46383 Full Service B&M $76,755
    Horizon Bank 9835 Lima Road Fort Wayne, IN 46818 Full Service B&M $8,931
    Horizon Bank Johnson Road And Cr 400 N Michigan City, IN 46360 Full Service B&M $33,609
    Horizon Bank Three Notch Lane Bargersville, IN 46106 Full Service B&M $40,767
    Horizon Bank Us Highway 12 And Union Road Union, MI 49130 Full Service B&M $19,073

    For 2019, Horizon Bank had 77 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $208,245
    Net interest income $163,913
    Total noninterest income $43,132
    Gross Fiduciary activities income $8,580
    Service charges on deposit accounts $16,910
    Trading account gains and fees $0
    Additional Noninterest Income $17,642
    Pre-tax net operating income $83,627
    Securities gains (or losses, -) $-75
    Income before extraordinary items $69,618
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $69,618
    Minority interest net income $0
    Net income $69,618
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $69,680

    Horizon Bank's gross interest income from loans was $208,245,000.
    Horizon Bank's net interest income from loans was $163,913,000.
    Horizon Bank's fee based income from loans was $16,910,000.
    Horizon Bank's net income from loans was $69,618,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $44,332
    Provision for credit losses $1,976
    Total noninterest expense $121,442
    Salaries and employee benefits $63,519
    Premises and equipment expense $12,121
    Additional noninterest expense $45,802
    Applicable income taxes $13,934
    Net charge-offs $2,129
    Cash dividends $45,000

    Horizon Bank's interest expense for loans was $44,332,000.
    Horizon Bank's payroll and benefits expense were $63,519,000.
    Horizon Bank's property, plant and equipment expenses $12,121,000.

    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 1.0%
    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 $3,981,962
    Deposits held in domestic offices $3,981,962
    Deposits by Individuals, partnerships, and corporations $2,958,321
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,023,641
    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 $431,476
    Demand deposits $257,140
    Nontransaction accounts $3,550,486
    Money market deposit accounts (MMDAs) $522,382
    Other savings deposits (excluding MMDAs) $2,052,493
    Total time deposits $975,611
    Total time and savings deposits $3,724,822
    Noninterest-bearing deposits $760,720
    Interest-bearing deposits $3,221,242
    Retail deposits $3,531,148
    IRAs and Keogh plan accounts $117,403
    Brokered deposits $71,069
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,236,417
    Cash & Balances due from depository institutions $101,808
    Interest-bearing balances $20,314
    Total securities $1,048,978
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,623,262
    Loan and leases loss allowance $17,667
    Trading account assets $0
    Bank premises and fixed assets $90,412
    Other real estate owned $3,726
    Goodwill and other intangibles $192,244
    All other assets $175,987

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,236,417
    Total Liabilities $4,574,001
    Total deposits $3,981,962
    Interest-bearing deposits $3,221,242
    Deposits held in domestic offices $3,981,962
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $158,941
    Trading liabilities $0
    Other borrowed funds $390,800
    Subordinated debt $0
    All other liabilities $42,298

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,623,262
    Loan and leases loss allowance $17,667
    Total loans and leases (domestic) $3,640,929
    All real estate loans $2,592,507
    Real estate loans in domestic offices $2,592,507
    Construction and development loans $197,615
    Residential 1-4 family construction $35,830
    Other construction, all land development and other land $161,785
    Loans secured by nonfarm nonresidential properties $1,009,732
    Nonfarm nonresidential secured by owner-occupied properties $410,424
    Commercial real estate & other non-farm, non-residential $599,308
    Multifamily residential real estate $244,412
    1-4 family residential loans $1,074,299
    Farmland loans $66,449
    Loans held in foreign offices $0
    Farm loans $46,624
    Commercial and industrial loans $392,519
    To non-U.S. addressees $56
    Loans to individuals $390,961
    Credit card loans $0
    Related Plans $4,371
    Consumer Auto Loans $362,800
    Other loans to individuals $23,790
    All other loans & leases $218,318
    Loans to foreign governments and official institutions $0
    Other loans $171,170
    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 $3,135
    Non 1-4 family restructured loans & leases $1,483
    Total loans and leases (foreign) $0

    Horizon Bank had $3,623,262,000 of loans outstanding in 2019. $2,592,507,000 of loans were in real estate loans. $197,615,000 of loans were in development loans. $244,412,000 of loans were in multifamily mortgage loans. $1,074,299,000 of loans were in 1-4 family mortgage loans. $46,624,000 of loans were in farm loans. $0 of loans were in credit card loans. $362,800,000 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 1,560 $332,394 $213,073
    Nonfarm, nonresidential loans - <$100k 282 $10,295 $36,507
    Nonfarm, nonresidential loans - $100-250k 538 $59,028 $109,717
    Nonfarm, nonresidential loans - $250k-1MM 740 $263,071 $355,501
    Commercial & Industrial, US addressed loans - <$1MM 2,917 $190,646 $65,357
    Commercial & Industrial, US addressed loans - <$100k 1,689 $35,874 $21,240
    Commercial & Industrial, US addressed loans - $100-250k 720 $45,095 $62,632
    Commercial & Industrial, US addressed loans - $250k-1MM 508 $109,677 $215,900
    Farmland loans - <$1MM 242 $31,140 $128,678
    Farmland loans - <$100k 68 $2,693 $39,603
    Farmland loans - $100-250k 111 $12,576 $113,297
    Farmland loans - $250k-1MM 63 $15,871 $251,921
    Agriculture operations loans - <$1MM 256 $17,637 $68,895
    Agriculture operations loans - <$100k 148 $3,556 $24,027
    Agriculture operations loans - $100-250k 74 $6,334 $85,595
    Agriculture operations loans - $250k-1MM 34 $7,747 $227,853