Horizon Bank, National Association in Michigan City, Indiana (IN), MI
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Horizon Bank, National Association in Michigan City, Indiana (IN), MI
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Horizon Bank, National Association routing number info

Horizon Bank, National Association - Overview

  • General
  • FDIC Certificate #: 4360
    Status: Active
    Federal Reserve ID: 130541
    Bank Holding Company (Regulatory Top Holder): Horizon Bancorp (RSSDID: 1209136, Location: Michigan City, IN)
    Date Established: April 21, 1873
    WWW: http://www.accesshorizon.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 27 (Domestic: 26, Interstate: Yes)
    OTS Docket #: 9216
    FDIC's unique #: 2868
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization > 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 28, 2010
    Last Structure Change Process Date: June 29, 2010
    Last Data Update: June 29, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 515 Franklin Street, Michigan City, IN 46360
    County: La Porte
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Michigan City-La Porte, IN (#33140)
    CBSA Metro Statistical Area: Michigan City-La Porte, IN (#33140)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $1,546.9 mil
    Equity capital: $146.1 mil
    Deposits held in domestic offices: $1,018.1 mil
    Return on assets (ROA): 0.99% ($15.3 mil)
    Quarterly return on assets: 1.03% ($15.9 mil)
    Return on Equity (ROE): 10.20% ($14.9 mil)
    Quarterly return on equity: 10.78% ($15.7 mil)
    Net income: $14.3 mil
    Quarterly Net income: $3.9 mil
    Pretax return on assets: 1.35% ($20,883.8 mil)
    Quarterly Pretax return on assets: 1.40% ($21,657.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 316Total employees (full-time equivalent)
  • $1,546,948Total assets
  • $20,447Cash and due from depository institutions
  • $3,615Interest-bearing balances
  • $438,145Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $978,401Net loans & leases
  • $18,882Loan loss allowance
  • $0Trading account assets
  • $34,665Bank premises and fixed assets
  • $2,800Other real estate owned
  • $12,395Goodwill and other intangibles
  • $1,546,948Life insurance assets
  • $60,095All other assets
  • $1,400,824Total liabilities and capital
  • $1,018,127Total liabilities
  • $879,192Total deposits
  • $1,018,127Interest-bearing deposits
  • $71Deposits held in domestic offices
  • 195848.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $174,263Trading liabilities
  • $0Other borrowed funds
  • $12,586Subordinated debt
  • $146,124All other liabilities
  • $146,124Total equity capital
  • $146,124Total bank equity capital
  • $0Perpetual preferred stock
  • $2,618Common stock
  • $74,317Surplus
  • $69,189Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $14,090Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,608Income earned, not collected on loans
  • $0Earning assets
  • $6,734Long-term assets (5+ years)
  • $1,420,161Average Assets, year-to-date
  • $456,734Average Assets, quarterly
  • $1,445,375Volatile liabilities
  • $1,518,377Insider loans
  • $1,066,137FHLB advances
  • $1,487,193Loans and leases held for sale
  • $30,918Unused loan commitments
  • $16,823Tier 1 (core) risk-based capital
  • $126,467Tier 2 risk-based capital
  • $8,503Total risk weighted assets
  • $5,592Total unused commitments
  • $140,109Restructured Loans and leases
  • $4,918Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $64,610Total interest income
  • $14,680Total interest expense
  • $49,930Net interest income
  • $5,282Provision for loan and lease losses
  • $18,505Total noninterest income
  • $3,983Fiduciary activities
  • $4,423Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,099Additional noninterest income
  • $45,478Total noninterest expense
  • $22,340Salaries and employee benefits
  • $4,267Premises and equipment expense
  • $18,871Additional noninterest expense
  • $17,675Pre-tax net operating income
  • $1,777Securities gains (losses)
  • $5,164Applicable income taxes
  • $14,288Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,288Net income attributable to bank
  • $0Net charge-offs
  • $14,288Cash dividends
  • $5,464Sale, conversion, retirement of capital stock, net
  • $10,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 3.78%Net interest margin
  • 1.40%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.35%Pretax return on assets
  • 10.20%Return on equity (ROE)
  • 3.06%Retained earnings to average equity (YTD only)
  • 0.61%Net charge-offs to loans
  • 96.67%Credit loss provision to net charge-offs
  • 4.20%Efficiency ratio
  • 65,798Assets per employee
  • 4.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.99%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 113.69%Noncurrent assets plus other real estate owned to assets
  • 1.25%Noncurrent loans to loans
  • 1.67%Net loans and leases to deposits
  • 96.10%Net loans and leases to core deposits
  • 128.12%Equity capital to assets
  • 9.45%Core capital (leverage) ratio
  • 8.50%Tier 1 risk-based capital ratio
  • 11.86%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,445,375Average earning assets
  • $140,055Average equity
  • $1,322,532Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $548,342Managed Assets
  • 1Number of Accounts
  • $507,870Personal trust and agency accounts
  • $85,966Employee benefit-defined contribution accounts
  • $184,971Employee benefit-defined benefit accounts
  • $34,592Other retirement accounts
  • $67,139Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $135,202Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1313Number of Accounts
  • $0Personal trust and agency accounts
  • $67,139Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $40,472Other retirement accounts
  • $797Corporate trust and agency accounts
  • $6,122Other fiduciary accounts
  • $5,363Fiduciary accounts held in foreign offices

List of branches

  • 21 Indiana Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    02868Horizon Bank, National Association515 Franklin Street, Michigan City, IN 46360April 21, 1873Full Service Brick and Mortar
    7203452Wanatah Branch117 East First Street, Wanatah, IN 46390July 15, 1957Full Service Brick and Mortar
    125817First Citizens Branch502 Franklin Street, Michigan City, IN 46360January 01, 1888Limited Service Facility
    15219397South Franklin Branch3631 South Franklin Street, Michigan City, IN 46360December 28, 1964Full Service Brick and Mortar
    21203457Laporte Branch1500 West Lincolnway, Laporte, IN 46350March 01, 1992Full Service Brick and Mortar
    22203458Chesterton Branch423 South Roosevelt, Chesterton, IN 46304Febuary 14, 1994Full Service Brick and Mortar
    23203459Valparaiso Branch4208 North Calumet, Valparaiso, IN 46383July 10, 1995Full Service Brick and Mortar
    24203460Portage Branch2650 Willowcreek Road, Portage, IN 46368October 23, 1995Full Service Brick and Mortar
    26203462Messenger Service Branch515 Franklin Street, Michigan City, IN 46360May 10, 1999Limited Service Messenger
    28430175Elkhart Loan Production Branch1808 East Bristol Street, Suite K, Elkhart, IN 46514March 21, 2004Limited Service Loan Production
    33289633Michigan City Branch126 East 5th Street, Michigan City, IN 46360November 29, 1999Limited Service Facility
    34444025South Bend Branch105 East Jefferson Boulevard, Suite 800, South Bend, IN 46601September 29, 2004Limited Service Mobile
    36454113Elkhart Branch1909 East Bristol Street, Elkhart, IN 46514June 12, 2006Full Service Brick and Mortar
    37454576Merrillville Branch8590 Broadway, Merrillville, IN 46410May 01, 2006Full Service Brick and Mortar
    39474369Horizon Bank Valparaiso-Lincolnway B902 Lincolnway, Valparaiso, IN 46383January 14, 2008Full Service Brick and Mortar
    40492452Munster Branch10429 Calumet Avenue, Munster, IN 46321January 29, 2009Full Service Brick and Mortar
    41492678Goshen Branch4574 Elkhart Rd, Goshen, IN 46526January 06, 2009Full Service Brick and Mortar
    43229049Lakefront Branch1349 Calumet Avenue, Hammond, IN 46394August 08, 1991Full Service Brick and Mortar
    44229050Crown Point Branch1300 North Main Street, Crown Point, IN 46307September 10, 1996Full Service Brick and Mortar
    46510133American Trust & Savings Bank Of Whi1321 - 119th Street, Whiting, IN 46394May 28, 2010Full Service Brick and Mortar
    47511944Horizon Bank South Bend Branch17400 State Road 23, South Bend, IN 46635August 02, 2010Full Service Brick and Mortar
  • 6 Michigan Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    27419763St. Joseph Branch811 Ship Street, Saint Joseph, MI 49085May 27, 2003Full Service Brick and Mortar
    29433292Niles Road Branch2608 Niles Road, Saint Joseph, MI 49085October 20, 2004Full Service Brick and Mortar
    3047174Alliance Bking Branch500 West Buffalo Street, New Buffalo, MI 49117July 19, 1991Full Service Brick and Mortar
    31289631Three Oaks Branch6801 West U.S. 12, Three Oaks, MI 49128July 19, 1991Full Service Brick and Mortar
    38464090Benton Harbor Branch1041 East Napier Avenue, Benton Harbor, MI 49022April 23, 2007Full Service Brick and Mortar
    48529963Kalamazoo Branch3250 West Centre Avenue, Portage, MI 49024March 05, 2012Full Service Brick and Mortar

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