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™
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    • 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: Indianapolis, Chicago, Michigan City, Niles, and Kalamazoo among others. We have data for 77 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% 4/14/24
    30 Year Conventional Purchase 6.84% 4/14/24
    30 Year Conventional Refi 6.68% 4/14/24
    30 Year Cash-out Refi 6.94% 4/14/24
    30 Year FHA Purchase 7.74% 4/14/24
    30 Year FHA Refi 7.51% 4/14/24
    30 Year VA Purchase 6.66% 4/14/24
    30 Year USDA Purchase 7.05% 4/14/24
    15 Year Conventional Purchase 6.76% 4/14/24
    15 Year Conventional Refi 6.66% 4/14/24
    15 Year Cash-out Refi 6.66% 4/14/24
    15 Year FHA Purchase 5.68% 4/14/24
    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

    5,077

    Origination Dollar Volume (All Markets)

    $925,345,000

    Employee count

    900 Show all (11) 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
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1,050 $181,930,000 $173,267 $2,477 2.97%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 723 $148,925,000 $205,982 $3,154 2.97%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 822 $101,130,000 $123,029 $2,690 2.96%
    NILES, MI (FHA|USDA|VA) 333 $76,055,000 $228,393 $3,388 3.01%
    Outside of Metro Areas 280 $51,460,000 $183,786 $2,732 3.03%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 182 $49,770,000 $273,462 $3,417 3.12%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 254 $45,400,000 $178,740 $3,242 3.04%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 247 $41,375,000 $167,510 $2,746 3.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 217 $28,835,000 $132,880 $2,470 3.05%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 100 $27,590,000 $275,900 $2,848 2.88%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 26 $18,320,000 $704,615 $3,420 2.86%
    MUNCIE, IN (FHA|USDA|VA) 8 $12,260,000 $1,532,500 $1,280 3.43%
    COLUMBUS, OH (FHA|USDA|VA) 1 $12,155,000 $12,155,000 $0 3.47%
    Cadillac, MI (FHA|USDA|VA) 71 $11,855,000 $166,972 $2,231 2.74%
    FORT WAYNE, IN (FHA|USDA|VA) 105 $10,645,000 $101,381 $1,929 2.91%
    Holland, MI (FHA|USDA|VA) 36 $9,920,000 $275,556 $2,504 3.56%
    Warsaw, IN (FHA|USDA|VA) 59 $9,505,000 $161,102 $2,359 2.94%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 41 $7,805,000 $190,366 $2,909 2.69%
    MIDLAND, MI (FHA|USDA|VA) 49 $7,625,000 $155,612 $2,602 2.95%
    Kendallville, IN (FHA|USDA|VA) 54 $7,370,000 $136,481 $2,721 2.93%
    BAY CITY, MI (FHA|USDA|VA) 15 $4,815,000 $321,000 $3,904 2.82%
    Auburn, IN (FHA|USDA|VA) 49 $4,585,000 $93,571 $2,274 2.85%
    COLUMBUS, IN (FHA|USDA|VA) 35 $4,205,000 $120,143 $2,317 2.58%
    Sturgis, MI (FHA|USDA|VA) 31 $4,015,000 $129,516 $2,760 3.01%
    KOKOMO, IN (FHA|USDA|VA) 38 $3,890,000 $102,368 $2,080 3.01%
    Logansport, IN (FHA|USDA|VA) 46 $3,810,000 $82,826 $2,179 2.75%
    BLOOMINGTON, IN (FHA|USDA|VA) 26 $3,490,000 $134,231 $2,510 3.03%
    MUSKEGON, MI (FHA|USDA|VA) 5 $3,365,000 $673,000 $4,831 3.33%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $2,730,000 $1,365,000 $8,413 3.19%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $2,430,000 $607,500 $3,946 3.09%
    Traverse City, MI (FHA|USDA|VA) 4 $2,400,000 $600,000 $3,189 3.40%
    Angola, IN (FHA|USDA|VA) 10 $2,300,000 $230,000 $2,824 2.81%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $2,300,000 $575,000 $3,677 3.00%
    Marion, IN (FHA|USDA|VA) 35 $2,105,000 $60,143 $1,911 3.21%
    SAGINAW, MI (FHA|USDA|VA) 8 $1,460,000 $182,500 $5,033 3.14%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,420,000 $355,000 $3,390 2.56%
    BATTLE CREEK, MI (FHA|USDA|VA) 10 $1,320,000 $132,000 $3,346 2.97%
    Frankfort, IN (FHA|USDA|VA) 9 $985,000 $109,444 $2,429 3.33%
    Peru, IN (FHA|USDA|VA) 6 $920,000 $153,333 $2,400 3.29%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $810,000 $405,000 $2,924 4.19%
    FLINT, MI (FHA|USDA|VA) 2 $800,000 $400,000 $2,403 2.87%
    Plymouth, IN (FHA|USDA|VA) 9 $795,000 $88,333 $1,895 3.64%
    Wabash, IN (FHA|USDA|VA) 8 $720,000 $90,000 $2,188 3.49%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $715,000 $238,333 $4,164 2.41%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $705,000 $705,000 $4,099 3.00%
    ANN ARBOR, MI (FHA|USDA|VA) 2 $680,000 $340,000 $2,646 3.38%
    Sevierville, TN (FHA|USDA|VA) 2 $580,000 $290,000 $3,506 3.00%
    Big Rapids, MI (FHA|USDA|VA) 6 $570,000 $95,000 $2,107 1.74%
    Coldwater, MI (FHA|USDA|VA) 1 $525,000 $525,000 $3,072 2.25%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $495,000 $495,000 $3,083 2.88%
    Mount Pleasant, MI (FHA|USDA|VA) 2 $440,000 $220,000 $2,042 3.06%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $435,000 $435,000 $4,038 2.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $365,000 $121,667 $3,912 3.04%
    New Castle, IN (FHA|USDA|VA) 2 $360,000 $180,000 $988 5.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $310,000 $155,000 $5,075 2.18%
    Bluffton, IN (FHA|USDA|VA) 2 $290,000 $145,000 $3,791 3.25%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $275,000 $275,000 $8,382 3.00%
    Defiance, OH (FHA|USDA|VA) 1 $235,000 $235,000 $5,657 4.38%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,355 3.38%
    KANKAKEE, IL (FHA|USDA|VA) 1 $215,000 $215,000 $4,312 3.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,863 2.88%
    Crawfordsville, IN (FHA|USDA|VA) 3 $195,000 $65,000 $2,833 3.83%
    Jefferson, GA (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.65%
    Wooster, OH (FHA|USDA|VA) 1 $185,000 $185,000 $3,026 3.25%
    TERRE HAUTE, IN (FHA|USDA|VA) 2 $180,000 $90,000 $1,848 3.63%
    Boone, NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,476 2.38%
    Decatur, IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 1.49%
    Greensburg, IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $135,000 $135,000 $2,814 2.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.50%
    Seymour, IN (FHA|USDA|VA) 2 $120,000 $60,000 $2,413 3.50%
    Bedford, IN (FHA|USDA|VA) 3 $115,000 $38,333 $0 6.83%
    North Vernon, IN (FHA|USDA|VA) 2 $110,000 $55,000 $0 3.63%
    OCALA, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,722 2.75%
    Washington, IN (FHA|USDA|VA) 1 $85,000 $85,000 $4,501 4.25%
    Huntington, IN (FHA|USDA|VA) 2 $70,000 $35,000 $0 1.49%
    Richmond, IN (FHA|USDA|VA) 1 $25,000 $25,000 $0 1.49%
    Horizon Bank's top markets include Indianapolis, Chicago, Michigan City, Niles, and Kalamazoo among others.

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

    Edgewater Bank
    Similarity Rank: 44
    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Liberty Bank for Savings
    Similarity Rank: 153
    Polish-American Federal Credit Union
    Similarity Rank: 212
    Chiphone Federal Credit Union
    Similarity Rank: 222
    The Riddell National Bank
    Similarity Rank: 252
    Mutual Savings Bank
    Similarity Rank: 264
    BEACON CREDIT UNION
    Similarity Rank: 288
    St James Mortgage Corporation
    Similarity Rank: 304
    Community West Credit Union
    Similarity Rank: 306

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,910 $705,550,000 $242,457 $2,741 3.33%
    HELOC 2,022 $196,910,000 $97,384 n/a 2.45%
    FHA 105 $16,565,000 $157,762 $4,962 3.42%
    USDA 21 $2,405,000 $114,524 $3,256 3.38%
    VA 19 $3,915,000 $206,053 $6,217 3.13%

    For 2021, Horizon Bank's most frequently originated type of loan was Conventional, with 2,910 originations. Their 2nd most popular type was HELOC, with 2,022 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,534 $381,390,000 $248,625 $3,117 3.27%
    Refi 1,396 $290,900,000 $208,381 $2,556 2.87%
    Home Improvement 1,220 $100,900,000 $82,705 $104 2.70%
    Cash Out Refi 693 $135,285,000 $195,216 $3,214 3.19%
    Other 234 $16,870,000 $72,094 $170 2.67%

    For 2021, Horizon Bank's most frequently cited loan purpose was Home Purchase, with 1,534 originations. The 2nd most popular reason was Refi, with 1,396 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 2,068 $253,620,000 $122,640 $3,364 2.48%
    30 Year 1,800 $404,110,000 $224,506 $3,067 3.29%
    15 Year 611 $96,885,000 $158,568 $2,440 2.85%
    20 Year 218 $37,730,000 $173,073 $2,613 3.42%
    10 Year 169 $38,385,000 $227,130 $1,509 3.55%
    30+ year 112 $63,470,000 $566,696 $5,635 3.32%
    5 Year 92 $14,620,000 $158,913 $0 6.58%
    3 Year 4 $11,520,000 $2,880,000 $0 6.96%
    1 Year 3 $5,005,000 $1,668,333 $0 3.93%

    For 2021, Horizon Bank's most frequently cited loan duration was Other, with 2,068 originations. The 2nd most popular length was 30 Year, with 1,800 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,778 $334,580,000 $188,178
    $1k-2k 753 $184,325,000 $244,788
    $2k-3k 239 $59,625,000 $249,477
    $3k-4k 93 $22,285,000 $239,624
    $4k-5k 39 $9,695,000 $248,590
    $5k+ 28 $8,700,000 $310,714

    Horizon Bank's average total fees were $3,067, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,778 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,019 $479,675,000 $237,580
    <2.5% 1,513 $164,985,000 $109,045
    2.5-3% 1,009 $221,955,000 $219,975
    4-5% 369 $51,195,000 $138,740
    5-6% 66 $4,300,000 $65,152
    Over 8% 59 $895,000 $15,169
    6-7% 26 $1,530,000 $58,846
    7-8% 15 $745,000 $49,667

    During 2021, Horizon Bank's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 2,019 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,056 $113,060,000 $54,990 $1,844 2.99%
    $100k-200k 1,679 $238,235,000 $141,891 $2,700 2.94%
    $200k-400k 974 $262,310,000 $269,312 $3,394 2.98%
    $400k-600k 216 $103,730,000 $480,231 $4,138 3.09%
    $600k-1MM 98 $71,770,000 $732,347 $3,963 3.23%
    $1MM+ 54 $136,240,000 $2,522,963 $6,418 3.44%

    2021 saw Horizon Bank place emphasis on $100,000 or less loans with 2,056 originations, totaling $113,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,030 $125,010,000 $121,369 $2,649 3.05%
    $100k-150k 1,009 $163,475,000 $162,017 $2,890 2.86%
    $50k or less 949 $88,055,000 $92,787 $2,474 3.13%
    $75k-100k 788 $117,990,000 $149,734 $2,816 2.95%
    $150k-250k 755 $166,235,000 $220,179 $3,391 2.90%
    $250k+ 418 $152,160,000 $364,019 $3,907 2.84%

    Horizon Bank lent most frequently to those with incomes in the $50k-75k range, with 1,030 originations. The second most popular income band? $100k-150k, with 1,009 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,396 $213,950,000 $153,259 $2,741 2.95%
    30-36% 951 $158,265,000 $166,420 $2,821 2.95%
    <20% 915 $142,025,000 $155,219 $2,712 2.82%
    42% 204 $35,210,000 $172,598 $2,962 2.85%
    43% 180 $26,700,000 $148,333 $3,091 2.85%
    36% 169 $31,275,000 $185,059 $2,924 3.23%
    37% 160 $25,260,000 $157,875 $2,665 3.08%
    38% 153 $25,695,000 $167,941 $2,931 3.00%
    40% 152 $27,780,000 $182,763 $3,117 3.11%
    39% 145 $24,155,000 $166,586 $3,045 3.07%
    41% 143 $24,855,000 $173,811 $2,849 2.93%
    44% 104 $21,090,000 $202,788 $3,077 3.10%
    45% 63 $10,455,000 $165,952 $3,269 3.06%
    49% 58 $12,840,000 $221,379 $2,956 3.25%
    47% 58 $12,280,000 $211,724 $3,280 3.29%
    48% 53 $11,605,000 $218,962 $3,091 3.38%
    46% 51 $9,785,000 $191,863 $2,668 3.32%
    50-60% 25 $3,905,000 $156,200 $3,623 3.79%
    >60% 21 $4,185,000 $199,286 $100 3.14%

    Horizon Bank lent most frequently to those with DTI ratios of 20-30%, with 1,396 originations. The next most common DTI ratio? 30-36%, with 951 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,526 $736,340,000 $162,691 $2,844 2.96%
    Not applicable 60 $101,270,000 $1,687,833 $0 4.08%
    Not provided 307 $52,065,000 $169,593 $2,821 2.97%
    Asian 62 $16,830,000 $271,452 $2,950 2.84%
    Black 97 $15,005,000 $154,691 $2,961 3.41%
    American Indian 14 $2,730,000 $195,000 $2,634 3.05%
    Native Hawaiian or Islander 10 $990,000 $99,000 $2,228 3.00%
    Asian Indian 1 $115,000 $115,000 $3,845 3.63%

    Approval Rates

    Total approvals of all applications
    80.46%

    Horizon Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.26%

    Horizon Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,077 $925,345,000 $182,262

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,077 $925,345,000 $182,262

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 983 $105,095,000 $106,913 $1,931 2.68%
    40-60% 773 $136,945,000 $177,160 $2,560 2.83%
    60-80% 1,339 $388,215,000 $289,929 $3,154 3.14%
    80-100% 975 $240,035,000 $246,190 $3,151 3.21%
    Over 100% 10 $3,040,000 $304,000 $8,672 3.15%
    Under 20% 993 $48,705,000 $49,048 $357 2.97%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Horizon Bank 1 Parkman Drive Westville, IN 46391 Full Service B&M $14,812
    Horizon Bank 100 West Main Street Edinburgh, IN 46124 Full Service B&M $55,113
    Horizon Bank 102 East Main Street Mentone, IN 46539 Full Service B&M $25,473
    Horizon Bank 102 S Market Street Delphi, IN 46923 Full Service B&M $41,734
    Horizon Bank 1041 East Napier Avenue Benton Harbor, MI 49022 Full Service B&M $17,705
    Horizon Bank 10429 Calumet Avenue Munster, IN 46321 Full Service B&M $37,008
    Horizon Bank 105 Main Street Avilla, IN 46710 Full Service B&M $12,729
    Horizon Bank 106 West Columbia Street Flora, IN 46929 Full Service B&M $52,084
    Horizon Bank 110 West Main Street Fort Wayne, IN 46802 Full Service B&M $34,834
    Horizon Bank 112 South Washington St Kokomo, IN 46901 Full Service B&M $43,737
    Horizon Bank 114-118 S. Detroit Street Lagrange, IN 46761 Full Service B&M $17,598
    Horizon Bank 116 West Mitchell Street Kendallville, IN 46755 Full Service B&M $31,381
    Horizon Bank 117 East First Street Wanatah, IN 46390 Full Service B&M $62,372
    Horizon Bank 1200 North Baldwin Avenue Marion, IN 46952 Full Service B&M $64,120
    Horizon Bank 1212 S Randolph St Garrett, IN 46738 Full Service B&M $18,732
    Horizon Bank 1213 West Michigan Three Rivers, MI 49093 Full Service B&M $63,218
    Horizon Bank 1216 West Carmel Drive Carmel, IN 46032 Full Service B&M $24,896
    Horizon Bank 123-129 South Main Street Columbia City, IN 46725 Full Service B&M $36,931
    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 $30,302
    Horizon Bank 1321 - 119th Street Whiting, IN 46394 Full Service B&M $32,995
    Horizon Bank 1349 Calumet Avenue Hammond, IN 46394 Full Service B&M $24,292
    Horizon Bank 1500 West Lincolnway Laporte, IN 46350 Full Service B&M $164,172
    Horizon Bank 151 S. Marlin Drive Greenwood, IN 46142 Full Service B&M $89,362
    Horizon Bank 1600 Abbott Road East Lansing, MI 48823 Full Service B&M $97,234
    Horizon Bank 17400 State Road 23 South Bend, IN 46635 Full Service B&M $13,281
    Horizon Bank 1909 East Bristol Street Elkhart, IN 46514 Full Service B&M $14,872
    Horizon Bank 1980 Northwestern Avenue West Lafayette, IN 47906 Full Service B&M $32,834
    Horizon Bank 2 South Perry Street Attica, IN 47918 Full Service B&M $44,457
    Horizon Bank 210 West Lake Street Topeka, IN 46571 Full Service B&M $7,605
    Horizon Bank 2102 East Center Street Warsaw, IN 46580 Full Service B&M $18,530
    Horizon Bank 212 West Seventh Street Auburn, IN 46706 Full Service B&M $91,581
    Horizon Bank 2134 Greenbush Street Lafayette, IN 47904 Full Service B&M $26,868
    Horizon Bank 2151 West Grand River Okemos, MI 48864 Full Service B&M $56,397
    Horizon Bank 250 Pearl Street Nw Grand Rapids, MI 49503 Full Service B&M $110,502
    Horizon Bank 2555 Crooks Road Troy, MI 48084 Full Service B&M $177,245
    Horizon Bank 2608 Niles Road Saint Joseph, MI 49085 Full Service B&M $42,299
    Horizon Bank 2650 Willowcreek Road Portage, IN 46368 Full Service B&M $98,158
    Horizon Bank 2825 S Washington St Kokomo, IN 46902 Full Service B&M $6,321
    Horizon Bank 2901 East Market Street Logansport, IN 46947 Full Service B&M $132,242
    Horizon Bank 301 Boyd Boulevard Laporte, IN 46350 Full Service B&M $33,191
    Horizon Bank 301 South Street Lafayette, IN 47901 Full Service B&M $128,624
    Horizon Bank 302 N. Alabama Street Indianapolis, IN 46204 Full Service B&M $286,704
    Horizon Bank 303 Defiance Street Howe, IN 46746 Full Service B&M $5,498
    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 $93,379
    Horizon Bank 330 North Creasy Lane Lafayette, IN 47902 Full Service B&M $31,718
    Horizon Bank 3501 Central Avenue Columbus, IN 47203 Full Service B&M $31,589
    Horizon Bank 3599 Grant St Gary, IN 46408 Full Service B&M $521
    Horizon Bank 3602 Cougill Lane Lafayette, IN 47909 Full Service B&M $16,186
    Horizon Bank 3631 South Franklin Street Michigan City, IN 46360 Full Service B&M $151,969
    Horizon Bank 411 South Huntington Street Syracuse, IN 46567 Full Service B&M $32,910
    Horizon Bank 420 North Morton Street Franklin, IN 46131 Full Service B&M $146,958
    Horizon Bank 4208 North Calumet Valparaiso, IN 46383 Full Service B&M $119,332
    Horizon Bank 423 South Roosevelt Chesterton, IN 46304 Full Service B&M $94,218
    Horizon Bank 433 Anchorage Rd Warsaw, IN 46580 Full Service B&M $23,347
    Horizon Bank 436 South California Galveston, IN 46932 Full Service B&M $28,523
    Horizon Bank 44 S. 8th Street Noblesville, IN 46060 Full Service B&M $6,979
    Horizon Bank 464 North Main Street Frankenmuth, MI 48734 Full Service B&M $20,992
    Horizon Bank 500 West Buffalo Street New Buffalo, MI 49117 Full Service B&M $101,836
    Horizon Bank 507 North Main Street Columbia City, IN 46725 Full Service B&M $7,206
    Horizon Bank 515 Franklin Street Michigan City, IN 46360 Full Service B&M $644,295
    Horizon Bank 5710 Eastman Avenue Midland, MI 48640 Full Service B&M $150,495
    Horizon Bank 625 S. Wayne Street, P.O. Box 7 Waterloo, IN 46793 Full Service B&M $18,752
    Horizon Bank 655 Third Street Columbus, IN 47201 Full Service B&M $78,308
    Horizon Bank 6801 West U.S. 12 Three Oaks, MI 49128 Full Service B&M $31,763
    Horizon Bank 710 Indiana Ave La Porte, IN 46350 Full Service B&M $225,769
    Horizon Bank 77 E 8th St Holland, MI 49423 Full Service B&M $24,625
    Horizon Bank 800 Us 31 South Greenwood, IN 46143 Full Service B&M $31,072
    Horizon Bank 811 Ship Street Saint Joseph, MI 49085 Full Service B&M $78,544
    Horizon Bank 8590 Broadway Merrillville, IN 46410 Full Service B&M $87,692
    Horizon Bank 902 Lincolnway Valparaiso, IN 46383 Full Service B&M $84,718
    Horizon Bank 9835 Lima Road Fort Wayne, IN 46818 Full Service B&M $11,759
    Horizon Bank Johnson Road And Cr 400 N Michigan City, IN 46360 Full Service B&M $44,090
    Horizon Bank Three Notch Lane Bargersville, IN 46106 Full Service B&M $45,961
    Horizon Bank Us Highway 12 And Union Road Union, MI 49130 Full Service B&M $25,083

    For 2021, Horizon Bank had 76 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $199,942
    Net interest income $187,404
    Total noninterest income $57,014
    Gross Fiduciary activities income $7,420
    Service charges on deposit accounts $19,256
    Trading account gains and fees $0
    Additional Noninterest Income $30,338
    Pre-tax net operating income $107,793
    Securities gains (or losses, -) $914
    Income before extraordinary items $91,984
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $91,984
    Minority interest net income $0
    Net income $91,984
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $91,207

    Horizon Bank's gross interest income from loans was $199,942,000.
    Horizon Bank's net interest income from loans was $187,404,000.
    Horizon Bank's fee based income from loans was $19,256,000.
    Horizon Bank's net income from loans was $91,984,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,538
    Provision for credit losses $-2,084
    Total noninterest expense $138,709
    Salaries and employee benefits $72,161
    Premises and equipment expense $12,498
    Additional noninterest expense $54,050
    Applicable income taxes $16,723
    Net charge-offs $1,641
    Cash dividends $21,000

    Horizon Bank's interest expense for loans was $12,538,000.
    Horizon Bank's payroll and benefits expense were $72,161,000.
    Horizon Bank's property, plant and equipment expenses $12,498,000.

    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 1.0%
    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 $5,856,898
    Deposits held in domestic offices $5,856,898
    Deposits by Individuals, partnerships, and corporations $4,319,462
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,537,436
    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 $635,575
    Demand deposits $368,156
    Nontransaction accounts $5,221,323
    Money market deposit accounts (MMDAs) $826,317
    Other savings deposits (excluding MMDAs) $3,664,120
    Total time deposits $730,886
    Total time and savings deposits $5,488,742
    Noninterest-bearing deposits $1,414,245
    Interest-bearing deposits $4,442,653
    Retail deposits $5,529,457
    IRAs and Keogh plan accounts $116,210
    Brokered deposits $31,904
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $7,338,072
    Cash & Balances due from depository institutions $591,759
    Interest-bearing balances $503,928
    Total securities $2,712,580
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,546,453
    Loan and leases loss allowance $54,286
    Trading account assets $0
    Bank premises and fixed assets $94,463
    Other real estate owned $3,556
    Goodwill and other intangibles $191,869
    All other assets $197,392

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,338,072
    Total Liabilities $6,546,971
    Total deposits $5,856,898
    Interest-bearing deposits $4,442,653
    Deposits held in domestic offices $5,856,898
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $130,798
    Trading liabilities $0
    Other borrowed funds $525,484
    Subordinated debt $0
    All other liabilities $33,791

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,546,453
    Loan and leases loss allowance $54,286
    Total loans and leases (domestic) $3,600,739
    All real estate loans $2,534,738
    Real estate loans in domestic offices $2,534,738
    Construction and development loans $187,025
    Residential 1-4 family construction $45,557
    Other construction, all land development and other land $141,468
    Loans secured by nonfarm nonresidential properties $1,085,286
    Nonfarm nonresidential secured by owner-occupied properties $472,041
    Commercial real estate & other non-farm, non-residential $613,245
    Multifamily residential real estate $313,746
    1-4 family residential loans $915,438
    Farmland loans $33,243
    Loans held in foreign offices $0
    Farm loans $23,429
    Commercial and industrial loans $429,698
    To non-U.S. addressees $0
    Loans to individuals $438,192
    Credit card loans $0
    Related Plans $2,895
    Consumer Auto Loans $400,993
    Other loans to individuals $34,304
    All other loans & leases $174,682
    Loans to foreign governments and official institutions $0
    Other loans $124,783
    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 $2,391
    Non 1-4 family restructured loans & leases $604
    Total loans and leases (foreign) $0

    Horizon Bank had $3,546,453,000 of loans outstanding in 2021. $2,534,738,000 of loans were in real estate loans. $187,025,000 of loans were in development loans. $313,746,000 of loans were in multifamily mortgage loans. $915,438,000 of loans were in 1-4 family mortgage loans. $23,429,000 of loans were in farm loans. $0 of loans were in credit card loans. $400,993,000 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 1,547 $322,722 $208,612
    Nonfarm, nonresidential loans - <$100k 266 $8,669 $32,590
    Nonfarm, nonresidential loans - $100-250k 524 $55,058 $105,073
    Nonfarm, nonresidential loans - $250k-1MM 757 $258,995 $342,133
    Commercial & Industrial, US addressed loans - <$1MM 3,976 $254,554 $64,023
    Commercial & Industrial, US addressed loans - <$100k 2,237 $43,520 $19,455
    Commercial & Industrial, US addressed loans - $100-250k 1,091 $78,979 $72,391
    Commercial & Industrial, US addressed loans - $250k-1MM 648 $132,055 $203,789
    Farmland loans - <$1MM 127 $14,982 $117,969
    Farmland loans - <$100k 28 $1,000 $35,714
    Farmland loans - $100-250k 64 $6,729 $105,141
    Farmland loans - $250k-1MM 35 $7,253 $207,229
    Agriculture operations loans - <$1MM 159 $8,520 $53,585
    Agriculture operations loans - <$100k 107 $2,177 $20,346
    Agriculture operations loans - $100-250k 30 $2,488 $82,933
    Agriculture operations loans - $250k-1MM 22 $3,855 $175,227