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 Refi and Home Purchase 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 Kalamazoo among others. We have data for 69 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% 11/22/24
    30 Year Conventional Purchase 6.84% 11/22/24
    30 Year Conventional Refi 6.68% 11/22/24
    30 Year Cash-out Refi 6.94% 11/22/24
    30 Year FHA Purchase 7.74% 11/22/24
    30 Year FHA Refi 7.51% 11/22/24
    30 Year VA Purchase 6.66% 11/22/24
    30 Year USDA Purchase 7.05% 11/22/24
    15 Year Conventional Purchase 6.76% 11/22/24
    15 Year Conventional Refi 6.66% 11/22/24
    15 Year Cash-out Refi 6.66% 11/22/24
    15 Year FHA Purchase 5.68% 11/22/24
    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

    5,576

    Origination Dollar Volume (All Markets)

    $979,620,000

    Employee count

    822 Show all (10) 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) 949 $187,575,000 $197,655 $2,808 3.19%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 968 $139,890,000 $144,514 $2,371 3.11%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 966 $130,870,000 $135,476 $2,720 3.19%
    NILES, MI (FHA|USDA|VA) 401 $82,005,000 $204,501 $2,887 3.23%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 253 $59,075,000 $233,498 $3,014 3.19%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 343 $57,835,000 $168,615 $2,616 3.22%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 315 $53,715,000 $170,524 $2,551 3.26%
    Outside of Metro Areas 249 $53,535,000 $215,000 $2,645 3.22%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 209 $29,035,000 $138,923 $2,447 3.23%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 113 $24,075,000 $213,053 $2,702 3.25%
    Warsaw, IN (FHA|USDA|VA) 73 $19,505,000 $267,192 $2,438 3.28%
    MIDLAND, MI (FHA|USDA|VA) 61 $17,265,000 $283,033 $2,632 3.35%
    FORT WAYNE, IN (FHA|USDA|VA) 96 $11,870,000 $123,646 $2,224 3.09%
    Plymouth, IN (FHA|USDA|VA) 19 $10,445,000 $549,737 $2,623 3.25%
    Holland, MI (FHA|USDA|VA) 37 $9,045,000 $244,459 $2,740 3.13%
    SAGINAW, MI (FHA|USDA|VA) 13 $8,765,000 $674,231 $2,514 3.85%
    Auburn, IN (FHA|USDA|VA) 84 $8,720,000 $103,810 $2,341 3.25%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 34 $7,510,000 $220,882 $2,391 3.05%
    Kendallville, IN (FHA|USDA|VA) 50 $7,100,000 $142,000 $2,501 3.22%
    Sturgis, MI (FHA|USDA|VA) 42 $6,760,000 $160,952 $2,299 3.45%
    Ludington, MI (FHA|USDA|VA) 1 $6,485,000 $6,485,000 $0 3.12%
    COLUMBUS, IN (FHA|USDA|VA) 40 $5,610,000 $140,250 $2,086 3.65%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 25 $5,575,000 $223,000 $3,086 2.64%
    KOKOMO, IN (FHA|USDA|VA) 47 $4,995,000 $106,277 $2,056 3.30%
    Mount Pleasant, MI (FHA|USDA|VA) 2 $3,450,000 $1,725,000 $0 3.91%
    Logansport, IN (FHA|USDA|VA) 28 $2,570,000 $91,786 $1,863 3.19%
    MUSKEGON, MI (FHA|USDA|VA) 6 $1,970,000 $328,333 $2,496 2.67%
    Angola, IN (FHA|USDA|VA) 16 $1,960,000 $122,500 $2,655 3.26%
    BLOOMINGTON, IN (FHA|USDA|VA) 18 $1,840,000 $102,222 $2,195 3.04%
    ANN ARBOR, MI (FHA|USDA|VA) 5 $1,815,000 $363,000 $2,710 3.30%
    BAY CITY, MI (FHA|USDA|VA) 10 $1,760,000 $176,000 $3,826 3.16%
    Marion, IN (FHA|USDA|VA) 21 $1,345,000 $64,048 $1,798 3.56%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,145,000 $381,667 $3,831 3.46%
    Frankfort, IN (FHA|USDA|VA) 10 $1,040,000 $104,000 $2,593 3.26%
    BATTLE CREEK, MI (FHA|USDA|VA) 8 $1,030,000 $128,750 $2,312 3.14%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $1,020,000 $510,000 $2,982 3.25%
    TOLEDO, OH (FHA|USDA|VA) 1 $995,000 $995,000 $4,829 3.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $935,000 $311,667 $4,075 3.25%
    JACKSON, MI (FHA|USDA|VA) 4 $780,000 $195,000 $3,075 2.75%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $775,000 $258,333 $2,997 2.96%
    Coldwater, MI (FHA|USDA|VA) 2 $760,000 $380,000 $0 3.37%
    Traverse City, MI (FHA|USDA|VA) 4 $650,000 $162,500 $2,630 3.06%
    FLINT, MI (FHA|USDA|VA) 2 $630,000 $315,000 $2,442 4.25%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $505,000 $505,000 $4,870 3.00%
    Greensburg, IN (FHA|USDA|VA) 4 $500,000 $125,000 $2,488 2.73%
    Breckenridge, CO (FHA|USDA|VA) 1 $425,000 $425,000 $6,790 3.13%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $385,000 $385,000 $4,054 3.50%
    LOUISVILLE, KY (FHA|USDA|VA) 3 $345,000 $115,000 $2,658 2.84%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $335,000 $335,000 $2,665 2.75%
    Huntington, IN (FHA|USDA|VA) 3 $325,000 $108,333 $2,268 3.71%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $305,000 $305,000 $4,033 3.38%
    Crawfordsville, IN (FHA|USDA|VA) 2 $260,000 $130,000 $3,169 4.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $255,000 $255,000 $2,823 3.25%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $245,000 $245,000 $5,839 2.75%
    Bedford, IN (FHA|USDA|VA) 4 $240,000 $60,000 $1,386 5.56%
    AKRON, OH (FHA|USDA|VA) 1 $215,000 $215,000 $3,698 2.75%
    Jasper, IN (FHA|USDA|VA) 2 $180,000 $90,000 $1,960 4.06%
    Defiance, OH (FHA|USDA|VA) 1 $175,000 $175,000 $2,829 3.13%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $165,000 $165,000 $5,184 3.25%
    Washington, IN (FHA|USDA|VA) 1 $155,000 $155,000 $3,120 2.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,926 3.75%
    Wabash, IN (FHA|USDA|VA) 2 $140,000 $70,000 $868 4.87%
    COLUMBUS, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,580 2.88%
    Peru, IN (FHA|USDA|VA) 1 $115,000 $115,000 $1,825 3.38%
    TERRE HAUTE, IN (FHA|USDA|VA) 2 $110,000 $55,000 $1,627 3.00%
    Bluffton, IN (FHA|USDA|VA) 1 $105,000 $105,000 $3,282 3.75%
    MUNCIE, IN (FHA|USDA|VA) 1 $95,000 $95,000 $2,267 2.75%
    Seymour, IN (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.75%
    New Castle, IN (FHA|USDA|VA) 1 $15,000 $15,000 $0 8.25%
    Horizon Bank's top markets include Chicago, Indianapolis, Michigan City, Niles, and Kalamazoo among others.

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

    Chiphone Federal Credit Union
    Similarity Rank: 96
    FINANCIAL BUILDERS Federal Credit Union
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    KALSEE CREDIT UNION
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    Industrial Federal Credit Union
    Similarity Rank: 203
    Community West Credit Union
    Similarity Rank: 210
    KENT COUNTY CREDIT UNION
    Similarity Rank: 235
    ADVANTAGE ONE Credit Union
    Similarity Rank: 287
    Liberty Bank for Savings
    Similarity Rank: 312
    Glenview State Bank
    Similarity Rank: 312
    Fire Police City County Federal Credit Union
    Similarity Rank: 315

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,790 $813,770,000 $214,715 $2,601 3.45%
    HELOC 1,666 $147,550,000 $88,565 n/a 2.61%
    FHA 74 $10,530,000 $142,297 $5,071 3.57%
    USDA 25 $3,105,000 $124,200 $3,426 3.61%
    VA 21 $4,665,000 $222,143 $3,760 3.54%

    For 2020, Horizon Bank's most frequently originated type of loan was Conventional, with 3,790 originations. Their 2nd most popular type was HELOC, with 1,666 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,961 $424,955,000 $216,703 $2,392 3.13%
    Home Purchase 1,608 $332,170,000 $206,573 $2,894 3.39%
    Home Improvement 936 $63,000,000 $67,308 $167 2.94%
    Cash Out Refi 807 $140,935,000 $174,641 $3,186 3.34%
    Other 264 $18,560,000 $70,303 $129 3.11%

    For 2020, Horizon Bank's most frequently cited loan purpose was Refi, with 1,961 originations. The 2nd most popular reason was Home Purchase, with 1,608 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,213 $478,265,000 $216,116 $2,815 3.42%
    Other 1,747 $181,255,000 $103,752 $2,465 2.65%
    15 Year 855 $140,535,000 $164,368 $2,448 3.04%
    20 Year 368 $66,750,000 $181,386 $2,486 3.54%
    10 Year 189 $53,155,000 $281,243 $1,713 3.72%
    30+ year 106 $46,930,000 $442,736 $5,214 3.67%
    5 Year 87 $10,175,000 $116,954 $123 6.61%
    3 Year 7 $1,725,000 $246,429 $0 5.63%
    1 Year 4 $830,000 $207,500 $0 4.44%

    For 2020, Horizon Bank's most frequently cited loan duration was 30 Year, with 2,213 originations. The 2nd most popular length was Other, with 1,747 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,285 $417,765,000 $182,829
    $1k-2k 1,044 $221,210,000 $211,887
    $2k-3k 320 $74,100,000 $231,563
    $3k-4k 108 $24,480,000 $226,667
    $5k+ 46 $13,500,000 $293,478
    $4k-5k 34 $8,460,000 $248,824

    Horizon Bank's average total fees were $2,815, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,285 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,586 $598,170,000 $231,311
    <2.5% 1,220 $109,990,000 $90,156
    2.5-3% 1,093 $197,185,000 $180,407
    4-5% 453 $63,905,000 $141,071
    5-6% 123 $6,695,000 $54,431
    Over 8% 50 $930,000 $18,600
    6-7% 36 $1,620,000 $45,000
    7-8% 15 $1,125,000 $75,000

    During 2020, Horizon Bank's average interest rate for loans was 3.42%, while their most frequently originated rate bucket for loans was 3-4%, with 2,586 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,010 $110,730,000 $55,090 $1,863 3.21%
    $100k-200k 1,915 $274,755,000 $143,475 $2,618 3.15%
    $200k-400k 1,314 $351,330,000 $267,374 $3,011 3.20%
    $400k-600k 229 $109,575,000 $478,493 $3,732 3.34%
    $600k-1MM 76 $56,270,000 $740,395 $3,922 3.60%
    $1MM+ 32 $76,960,000 $2,405,000 $5,569 3.70%

    2020 saw Horizon Bank place emphasis on $100,000 or less loans with 2,010 originations, totaling $110,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,155 $153,215,000 $132,654 $2,522 3.29%
    $100k-150k 1,113 $189,945,000 $170,660 $2,733 3.15%
    $50k or less 955 $89,785,000 $94,016 $2,291 3.38%
    $75k-100k 893 $131,775,000 $147,564 $2,620 3.21%
    $150k-250k 827 $167,095,000 $202,050 $3,036 2.99%
    $250k+ 510 $163,880,000 $321,333 $3,356 2.97%

    Horizon Bank lent most frequently to those with incomes in the $50k-75k range, with 1,155 originations. The second most popular income band? $100k-150k, with 1,113 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,653 $267,925,000 $162,084 $2,562 3.13%
    30-36% 1,003 $170,115,000 $169,606 $2,759 3.22%
    <20% 991 $140,335,000 $141,609 $2,328 3.00%
    42% 224 $35,450,000 $158,259 $2,780 3.36%
    38% 189 $31,735,000 $167,910 $2,686 3.24%
    41% 184 $34,360,000 $186,739 $2,872 3.25%
    43% 178 $25,730,000 $144,551 $2,833 3.10%
    40% 171 $28,165,000 $164,708 $2,778 3.37%
    36% 171 $31,435,000 $183,830 $2,781 3.27%
    39% 163 $29,275,000 $179,601 $2,908 3.25%
    37% 137 $23,585,000 $172,153 $2,738 3.30%
    44% 127 $24,135,000 $190,039 $3,042 3.47%
    49% 67 $13,285,000 $198,284 $2,902 3.34%
    48% 65 $13,995,000 $215,308 $2,901 3.56%
    45% 57 $10,915,000 $191,491 $3,015 3.50%
    46% 49 $9,055,000 $184,796 $3,087 3.18%
    47% 46 $10,490,000 $228,043 $2,701 3.28%
    50-60% 16 $3,240,000 $202,500 $3,246 3.76%
    >60% 15 $1,735,000 $115,667 $466 4.99%

    Horizon Bank lent most frequently to those with DTI ratios of 20-30%, with 1,653 originations. The next most common DTI ratio? 30-36%, with 1,003 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,026 $835,700,000 $166,275 $2,651 3.19%
    Not applicable 52 $62,060,000 $1,193,462 $0 4.13%
    Not provided 334 $53,880,000 $161,317 $2,792 3.13%
    Black 96 $13,760,000 $143,333 $2,661 3.30%
    Asian 45 $9,155,000 $203,444 $2,743 3.14%
    American Indian 12 $2,530,000 $210,833 $2,724 3.14%
    Asian Indian 7 $1,665,000 $237,857 $2,973 3.29%
    Native Hawaiian or Islander 3 $635,000 $211,667 $1,954 2.83%
    Other Asian 1 $235,000 $235,000 $1,892 2.88%

    Approval Rates

    Total approvals of all applications
    82.48%

    Horizon Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.84%

    Horizon Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,576 $979,620,000 $175,685

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $660,000 $330,000
    Multifamily:Site-Built 40 $69,250,000 $1,731,250
    Single Family (1-4 Units):Manufactured 72 $5,730,000 $79,583
    Single Family (1-4 Units):Site-Built 5,462 $903,980,000 $165,503

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 827 $94,315,000 $114,045 $1,921 2.95%
    40-60% 854 $155,130,000 $181,651 $2,345 3.05%
    60-80% 1,756 $415,060,000 $236,367 $2,927 3.30%
    80-100% 1,225 $264,485,000 $215,906 $2,877 3.41%
    Over 100% 5 $1,055,000 $211,000 $6,940 3.53%
    Under 20% 906 $49,330,000 $54,448 $296 3.08%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Horizon Bank 2151 West Grand River Okemos, MI 48864 Full Service B&M $54,944
    Horizon Bank 5710 Eastman Avenue Midland, MI 48640 Full Service B&M $255,285
    Horizon Bank 10429 Calumet Avenue Munster, IN 46321 Full Service B&M $31,827
    Horizon Bank 105 Main Street Avilla, IN 46710 Full Service B&M $13,052
    Horizon Bank 1 Parkman Drive Westville, IN 46391 Full Service B&M $13,010
    Horizon Bank 100 West Main Street Edinburgh, IN 46124 Full Service B&M $50,475
    Horizon Bank 102 East Main Street Mentone, IN 46539 Full Service B&M $27,590
    Horizon Bank 102 S Market Street Delphi, IN 46923 Full Service B&M $51,681
    Horizon Bank 1041 East Napier Avenue Benton Harbor, MI 49022 Full Service B&M $16,295
    Horizon Bank 106 West Columbia Street Flora, IN 46929 Full Service B&M $45,666
    Horizon Bank 110 West Main Street Fort Wayne, IN 46802 Full Service B&M $27,813
    Horizon Bank 112 South Washington St Kokomo, IN 46901 Full Service B&M $41,014
    Horizon Bank 114-118 S. Detroit Street Lagrange, IN 46761 Full Service B&M $16,351
    Horizon Bank 116 West Mitchell Street Kendallville, IN 46755 Full Service B&M $31,062
    Horizon Bank 117 East First Street Wanatah, IN 46390 Full Service B&M $57,751
    Horizon Bank 1200 North Baldwin Avenue Marion, IN 46952 Full Service B&M $61,248
    Horizon Bank 1212 S Randolph St Garrett, IN 46738 Full Service B&M $17,103
    Horizon Bank 1213 West Michigan Three Rivers, MI 49093 Full Service B&M $68,183
    Horizon Bank 1216 West Carmel Drive Carmel, IN 46032 Full Service B&M $26,050
    Horizon Bank 123-129 South Main Street Columbia City, IN 46725 Full Service B&M $34,009
    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 $35,336
    Horizon Bank 1321 - 119th Street Whiting, IN 46394 Full Service B&M $34,122
    Horizon Bank 1349 Calumet Avenue Hammond, IN 46394 Full Service B&M $22,399
    Horizon Bank 1500 West Lincolnway Laporte, IN 46350 Full Service B&M $137,012
    Horizon Bank 151 S. Marlin Drive Greenwood, IN 46142 Full Service B&M $81,120
    Horizon Bank 1600 Abbott Road East Lansing, MI 48823 Full Service B&M $94,799
    Horizon Bank 17400 State Road 23 South Bend, IN 46635 Full Service B&M $12,903
    Horizon Bank 1909 East Bristol Street Elkhart, IN 46514 Full Service B&M $11,650
    Horizon Bank 1980 Northwestern Avenue West Lafayette, IN 47906 Full Service B&M $31,712
    Horizon Bank 2 South Perry Street Attica, IN 47918 Full Service B&M $41,417
    Horizon Bank 210 West Lake Street Topeka, IN 46571 Full Service B&M $12,056
    Horizon Bank 2102 East Center Street Warsaw, IN 46580 Full Service B&M $19,384
    Horizon Bank 212 West Seventh Street Auburn, IN 46706 Full Service B&M $91,140
    Horizon Bank 2134 Greenbush Street Lafayette, IN 47904 Full Service B&M $26,392
    Horizon Bank 250 Pearl Street Nw Grand Rapids, MI 49503 Full Service B&M $94,357
    Horizon Bank 2608 Niles Road Saint Joseph, MI 49085 Full Service B&M $39,297
    Horizon Bank 2650 Willowcreek Road Portage, IN 46368 Full Service B&M $88,718
    Horizon Bank 2825 S Washington St Kokomo, IN 46902 Full Service B&M $5,062
    Horizon Bank 2901 East Market Street Logansport, IN 46947 Full Service B&M $119,937
    Horizon Bank 301 Boyd Boulevard Laporte, IN 46350 Full Service B&M $31,217
    Horizon Bank 301 South Street Lafayette, IN 47901 Full Service B&M $119,500
    Horizon Bank 302 N. Alabama Street Indianapolis, IN 46204 Full Service B&M $305,708
    Horizon Bank 303 Defiance Street Howe, IN 46746 Full Service B&M $7,174
    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 $81,548
    Horizon Bank 330 North Creasy Lane Lafayette, IN 47902 Full Service B&M $30,736
    Horizon Bank 3501 Central Avenue Columbus, IN 47203 Full Service B&M $21,739
    Horizon Bank 3602 Cougill Lane Lafayette, IN 47909 Full Service B&M $16,421
    Horizon Bank 3631 South Franklin Street Michigan City, IN 46360 Full Service B&M $147,432
    Horizon Bank 411 South Huntington Street Syracuse, IN 46567 Full Service B&M $32,278
    Horizon Bank 420 North Morton Street Franklin, IN 46131 Full Service B&M $139,335
    Horizon Bank 4208 North Calumet Valparaiso, IN 46383 Full Service B&M $108,703
    Horizon Bank 423 South Roosevelt Chesterton, IN 46304 Full Service B&M $80,111
    Horizon Bank 433 Anchorage Rd Warsaw, IN 46580 Full Service B&M $21,296
    Horizon Bank 436 South California Galveston, IN 46932 Full Service B&M $27,947
    Horizon Bank 44 S. 8th Street Noblesville, IN 46060 Full Service B&M $5,406
    Horizon Bank 464 North Main Street Frankenmuth, MI 48734 Full Service B&M $18,476
    Horizon Bank 500 West Buffalo Street New Buffalo, MI 49117 Full Service B&M $84,540
    Horizon Bank 507 North Main Street Columbia City, IN 46725 Full Service B&M $5,780
    Horizon Bank 515 Franklin Street Michigan City, IN 46360 Full Service B&M $518,245
    Horizon Bank 625 S. Wayne Street, P.O. Box 7 Waterloo, IN 46793 Full Service B&M $20,488
    Horizon Bank 655 Third Street Columbus, IN 47201 Full Service B&M $74,269
    Horizon Bank 6801 West U.S. 12 Three Oaks, MI 49128 Full Service B&M $25,430
    Horizon Bank 710 Indiana Ave La Porte, IN 46350 Full Service B&M $207,331
    Horizon Bank 77 E 8th St Holland, MI 49423 Full Service B&M $5,091
    Horizon Bank 800 Us 31 South Greenwood, IN 46143 Full Service B&M $28,113
    Horizon Bank 811 Ship Street Saint Joseph, MI 49085 Full Service B&M $66,739
    Horizon Bank 8590 Broadway Merrillville, IN 46410 Full Service B&M $76,055
    Horizon Bank 902 Lincolnway Valparaiso, IN 46383 Full Service B&M $70,998
    Horizon Bank 9835 Lima Road Fort Wayne, IN 46818 Full Service B&M $11,780
    Horizon Bank Johnson Road And Cr 400 N Michigan City, IN 46360 Full Service B&M $37,933
    Horizon Bank Three Notch Lane Bargersville, IN 46106 Full Service B&M $43,730
    Horizon Bank Us Highway 12 And Union Road Union, MI 49130 Full Service B&M $22,139

    For 2020, Horizon Bank had 74 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $205,292
    Net interest income $175,336
    Total noninterest income $55,218
    Gross Fiduciary activities income $9,145
    Service charges on deposit accounts $17,412
    Trading account gains and fees $0
    Additional Noninterest Income $28,661
    Pre-tax net operating income $79,271
    Securities gains (or losses, -) $4,298
    Income before extraordinary items $72,855
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $72,855
    Minority interest net income $0
    Net income $72,855
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $69,115

    Horizon Bank's gross interest income from loans was $205,292,000.
    Horizon Bank's net interest income from loans was $175,336,000.
    Horizon Bank's fee based income from loans was $17,412,000.
    Horizon Bank's net income from loans was $72,855,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $29,956
    Provision for credit losses $20,751
    Total noninterest expense $130,532
    Salaries and employee benefits $69,085
    Premises and equipment expense $12,762
    Additional noninterest expense $48,685
    Applicable income taxes $10,714
    Net charge-offs $1,864
    Cash dividends $60,000

    Horizon Bank's interest expense for loans was $29,956,000.
    Horizon Bank's payroll and benefits expense were $69,085,000.
    Horizon Bank's property, plant and equipment expenses $12,762,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 1.0%
    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 $4,658,177
    Deposits held in domestic offices $4,658,177
    Deposits by Individuals, partnerships, and corporations $3,530,921
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,127,256
    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 $638,747
    Demand deposits $431,128
    Nontransaction accounts $4,019,430
    Money market deposit accounts (MMDAs) $702,227
    Other savings deposits (excluding MMDAs) $2,641,985
    Total time deposits $675,218
    Total time and savings deposits $4,227,049
    Noninterest-bearing deposits $1,180,286
    Interest-bearing deposits $3,477,891
    Retail deposits $4,421,512
    IRAs and Keogh plan accounts $110,589
    Brokered deposits $52,416
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,874,671
    Cash & Balances due from depository institutions $252,476
    Interest-bearing balances $163,495
    Total securities $1,302,701
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,823,894
    Loan and leases loss allowance $57,027
    Trading account assets $0
    Bank premises and fixed assets $93,162
    Other real estate owned $1,908
    Goodwill and other intangibles $187,613
    All other assets $212,917

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,874,671
    Total Liabilities $5,193,204
    Total deposits $4,658,177
    Interest-bearing deposits $3,477,891
    Deposits held in domestic offices $4,658,177
    % insured (estimated) $58
    Federal funds purchased and repurchase agreements $109,462
    Trading liabilities $0
    Other borrowed funds $365,538
    Subordinated debt $0
    All other liabilities $60,027

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,823,894
    Loan and leases loss allowance $57,027
    Total loans and leases (domestic) $3,880,921
    All real estate loans $2,430,146
    Real estate loans in domestic offices $2,430,146
    Construction and development loans $241,942
    Residential 1-4 family construction $37,985
    Other construction, all land development and other land $203,957
    Loans secured by nonfarm nonresidential properties $978,111
    Nonfarm nonresidential secured by owner-occupied properties $403,610
    Commercial real estate & other non-farm, non-residential $574,501
    Multifamily residential real estate $271,583
    1-4 family residential loans $892,838
    Farmland loans $45,672
    Loans held in foreign offices $0
    Farm loans $40,925
    Commercial and industrial loans $557,695
    To non-U.S. addressees $0
    Loans to individuals $396,914
    Credit card loans $0
    Related Plans $3,237
    Consumer Auto Loans $370,141
    Other loans to individuals $23,536
    All other loans & leases $455,241
    Loans to foreign governments and official institutions $0
    Other loans $411,362
    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 $1,805
    Non 1-4 family restructured loans & leases $169
    Total loans and leases (foreign) $0

    Horizon Bank had $3,823,894,000 of loans outstanding in 2020. $2,430,146,000 of loans were in real estate loans. $241,942,000 of loans were in development loans. $271,583,000 of loans were in multifamily mortgage loans. $892,838,000 of loans were in 1-4 family mortgage loans. $40,925,000 of loans were in farm loans. $0 of loans were in credit card loans. $370,141,000 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 1,425 $299,947 $210,489
    Nonfarm, nonresidential loans - <$100k 237 $7,882 $33,257
    Nonfarm, nonresidential loans - $100-250k 487 $51,763 $106,290
    Nonfarm, nonresidential loans - $250k-1MM 701 $240,302 $342,799
    Commercial & Industrial, US addressed loans - <$1MM 4,608 $298,278 $64,730
    Commercial & Industrial, US addressed loans - <$100k 2,967 $67,956 $22,904
    Commercial & Industrial, US addressed loans - $100-250k 988 $72,895 $73,780
    Commercial & Industrial, US addressed loans - $250k-1MM 653 $157,427 $241,083
    Farmland loans - <$1MM 188 $22,550 $119,947
    Farmland loans - <$100k 50 $1,726 $34,520
    Farmland loans - $100-250k 93 $10,155 $109,194
    Farmland loans - $250k-1MM 45 $10,669 $237,089
    Agriculture operations loans - <$1MM 207 $12,090 $58,406
    Agriculture operations loans - <$100k 129 $2,834 $21,969
    Agriculture operations loans - $100-250k 50 $3,877 $77,540
    Agriculture operations loans - $250k-1MM 28 $5,379 $192,107