Horizon Bank and Trust Company in Braintree, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 19, 2004

  • Horizon Bank and Trust Company in Braintree, Massachusetts (MA)
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Horizon Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 34674
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: South Shore Savings Bank (#90303)
    Federal Reserve ID: 2701833
    Date Established: June 15, 1998
    WWW: http://www.bankhorizon.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 61126
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 15, 1998
    Last Structure Change Effective Date: Febuary 19, 2004
    Last Structure Change Process Date: March 10, 2004
    Last Data Update: March 10, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 John Mahar Highway, Braintree, MA 2184
    County: Norfolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Boston-Quincy, MA (#14484)
  • Financial Summary
  • Total assets: $131.2 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, 2003)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $131,231Total assets
  • $4,214Cash and due from depository institutions
  • $56Interest-bearing balances
  • $12,943Securities
  • $2,053Federal funds sold & reverse repurchase agreements
  • $109,957Net loans & leases
  • $1,750Loan loss allowance
  • $0Trading account assets
  • $196Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,868All other assets
  • $131,231Total liabilities and capital
  • $117,854Total liabilities
  • $103,163Total deposits
  • $87,092Interest-bearing deposits
  • $103,163Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,001Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $13,250Other borrowed funds
  • $0Subordinated debt
  • $440All other liabilities
  • $13,377Total equity capital
  • $13,377Total bank equity capital
  • $13,377Perpetual preferred stock
  • $0Common stock
  • $1,146Surplus
  • $9,244Undivided profits
  • Memoranda
  • $2,987Noncurrent loans and leases
  • $21,740Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $307Earning assets
  • $0Long-term assets (5+ years)
  • $439Average Assets, year-to-date
  • $125,009Average Assets, quarterly
  • $15,277Volatile liabilities
  • $126,968Insider loans
  • $129,095FHLB advances
  • $19,868Loans and leases held for sale
  • $1,769Unused loan commitments
  • $13,250Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $21,740Total unused commitments
  • $0Restructured Loans and leases
  • $1,466Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $7,681Total interest income
  • $3,054Total interest expense
  • $4,627Net interest income
  • $264Provision for loan and lease losses
  • $347Total noninterest income
  • $0Fiduciary activities
  • $329Service charges on deposit accounts
  • $0Trading account gains & fees
  • $18Additional noninterest income
  • $2,833Total noninterest expense
  • $1,530Salaries and employee benefits
  • $238Premises and equipment expense
  • $1,065Additional noninterest expense
  • $1,877Pre-tax net operating income
  • $197Securities gains (losses)
  • $870Applicable income taxes
  • $1,204Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,204Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.28%Yield on earning assets
  • 2.50%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.32%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 9.54%Return on equity (ROE)
  • 9.54%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,956Assets per employee
  • 6.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 570.03%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.27%Net loans and leases to deposits
  • 106.59%Net loans and leases to core deposits
  • 126.32%Equity capital to assets
  • 10.19%Core capital (leverage) ratio
  • 10.27%Tier 1 risk-based capital ratio
  • 11.32%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $126,968Average earning assets
  • $12,616Average equity
  • $122,334Average loans

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