Horizon Bank
Horizon Bank reported total assets of $6.5 bn at Q2 2026, down 14.1% on a year earlier, the 233rd largest of 497 banks in our US coverage. The CET1 capital ratio at Horizon Bank was 12.60%, and the uninsured share of Horizon Bank was 26.21%. Source: FDIC Call Reports.
Key takeaways
- On net interest margin, Horizon Bank climbed from 335th to 62nd among 500 US banks between and (1 = highest; FDIC Call Reports).
- Over the year to , the net interest margin of Horizon Bank rose by 1.31 pp to 4.47%, a bigger rise than at 99% of covered banks (FDIC Call Reports).
- Over the year to , the total assets of Horizon Bank fell by 14.1% to $6.5 bn, a bigger fall than at 99% of covered banks (FDIC Call Reports).
What sets Horizon Bank apart
- Since , Horizon Bank has taken over 6 institutions; the latest was Salin Bank and Trust Company on .
- Over the year to , the total deposits of Horizon Bank fell by 5.2% to $5.5 bn, a bigger fall than at 96% of covered banks.
How large is Horizon Bank?
The balance sheet of Horizon Bank at : assets $6.5 bn, deposits $5.5 bn, net loans $4.9 bn (loans equal to 89.66% of deposits). Securities make up 13.7% of total assets at Horizon Bank. Since , when Horizon Bank held $2.6 bn, its assets grew 149.6%. In the year to , deposits at Horizon Bank fell 5.2% while its total assets fell 14.1%. At , Horizon Bank employed 869 full-time equivalent staff across 79 offices, about $7.5 mn of assets per employee and $69.4 mn of deposits per office.
How much funding at Horizon Bank is uninsured?
At Horizon Bank, uninsured deposits (above the FDIC limit) made up 26.21% of domestic deposits at (-17.86 pp on a year earlier); Horizon Bank ranks 363rd of 500 on this measure. In dollars, Horizon Bank estimated $1.4 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $5.5 bn | -5.2% | 227th of 499 |
| Net loans and leases | $4.9 bn | -0.4% | 214th of 500 |
| Loan-to-deposit ratio | 89.66% | +4.24 pp | 193rd of 500 |
| Tier 1 leverage ratio | 10.52% | +1.16 pp | 224th of 500 |
| Total risk-based capital ratio | 13.60% | +0.39 pp | 296th of 448 |
| Net interest margin | 4.47% | +1.31 pp | 62nd of 500 |
| Return on assets (ROA) | 1.75% | +0.49 pp | 90th of 500 |
| Efficiency ratio | 52.66% | -1.88 pp | 183rd of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $33.0 mn | Narrowed by $15.0 mn | |
| Noncurrent loans to total loans | 0.70% | +0.17 pp | 284th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.05% | +0.00 pp | 192nd of 500 (1 = lowest) |
US rank of Horizon Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Horizon Bank: assets, deposits and loans
- Total assets $6.5bn
- Deposits $5.5bn
- Net loans $4.9bn
Capital and securities
The CET1 ratio of Horizon Bank stood at 12.60% in , +0.38 pp year on year. Low and high at Horizon Bank since : 10.49% () to 13.72% (). Equity capital of Horizon Bank at : $803.8 mn, or 12.3% of total assets. Horizon Bank also reported a total capital ratio of 13.60% for , and a tier 1 leverage ratio of 10.52%.
The available-for-sale portfolio of Horizon Bank showed an unrealized loss of $33.0 mn at ; the loss narrowed by $15.0 mn over the year.
Horizon Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 11%
Horizon Bank: unrealized securities gains and losses
- Available for sale -$33mn
- Held to maturity $0
Profitability and loan quality
For the year to , Horizon Bank earned a return on equity of 14.53%; return on assets: 1.75%. Net interest margin at Horizon Bank: 4.47%, +1.31 pp in a year. Horizon Bank net income: $56.9 mn, up 17.6% year on year. The efficiency ratio of Horizon Bank was 52.66%: about 53 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 0.70% of total loans at Horizon Bank; net charge-offs: 0.05% of average loans. Gross loans and leases at Horizon Bank: $5.0 bn, down 0.5% in a year.
Horizon Bank: profitability
- Return on equity 15%
- Net interest margin 4.5%
- Return on assets 1.8%
Peer group of Horizon Bank
The peer group of Horizon Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Horizon Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 1 has its head office in Indiana. Against them, Horizon Bank shows CET1 ratio 12.60% against a peer median of 13.06%, return on equity 14.53% against a peer median of 9.23% and uninsured deposit share 26.21% against a peer median of 26.77%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| First Bank | State member bank | MO | $6.7 bn | 13.06% | 8.03% | 29.61% | |
| SMBC MANUBANK | State nonmember bank | CA | $6.6 bn | 23.92% | -32.51% | 79.00% | |
| The Washington Trust Company, of Westerly | State nonmember bank | RI | $6.6 bn | 12.22% | 10.44% | 27.07% | |
| Horizon Bank | State nonmember bank | IN | $6.5 bn | 12.60% | 14.53% | 26.21% | |
| TrustCo Bank | Federal savings bank | NY | $6.5 bn | 14.48% | 12.45% | 21.99% | |
| United Fidelity Bank, fsb | Federal savings bank | IN | $6.5 bn | 11.08% | -0.86% | 18.30% | |
| Choice Financial Group | State nonmember bank | ND | $6.4 bn | not reported | 11.42% | 26.47% | |
. FDIC Call Reports.
Last eight quarters
Two years at Horizon Bank, to : assets -17.1%, deposits -5.5%, equity +0.8%. Staff 858 to 869; offices 78 to 79.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $7.9 bn | $7.8 bn | $7.6 bn | $7.6 bn | $6.7 bn | $6.4 bn | $6.5 bn | $6.5 bn |
| Total deposits | $5.8 bn | $5.7 bn | $5.8 bn | $5.8 bn | $5.7 bn | $5.4 bn | $5.5 bn | $5.5 bn |
| Bank equity capital | $797.4 mn | $801.9 mn | $811.7 mn | $830.2 mn | $740.9 mn | $768.9 mn | $778.2 mn | $803.8 mn |
| CET1 ratio | 11.43% | 11.70% | 11.97% | 12.22% | 11.74% | 11.99% | 12.35% | 12.60% |
| Return on equity (ROE) | 9.23% | 5.93% | 12.83% | 11.88% | -28.63% | -17.86% | 15.00% | 14.53% |
| Uninsured share of domestic deposits | 44.49% | 44.83% | 43.55% | 44.07% | 43.07% | 39.20% | 39.72% | 26.21% |
| Full-time equivalent employees | 858 | 866 | 864 | 859 | 873 | 865 | 864 | 869 |
| Number of offices | 78 | 78 | 78 | 78 | 79 | 79 | 79 | 79 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Horizon Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Farmers State Bank (FDIC certificate 9290).
- . Absorbed The La Porte Savings Bank (FDIC certificate 9538).
- . Absorbed The Central National Bank and Trust Company (FDIC certificate 10040).
- . Absorbed LAFAYETTE COMMUNITY BANK (FDIC certificate 35476).
- . Absorbed Wolverine Bank, Federal Savings Bank (FDIC certificate 28918).
- . Absorbed Salin Bank and Trust Company (FDIC certificate 9092).
Questions and identifiers
What were the total assets of Horizon Bank?
Horizon Bank reported $6.5 bn at in its Call Report. That makes Horizon Bank the 233rd largest of 497 banks in our US coverage.
Is Horizon Bank the same as its holding company?
No. This page covers Horizon Bank, FDIC certificate 4360; HORIZON BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Horizon Bank profitable?
Horizon Bank reported net income of $56.9 mn for the year to ; annualized return on equity: 14.53%. So yes: Horizon Bank made a profit over these months.
When is data for Horizon Bank next updated?
Figures from Horizon Bank for are due after .
Where can I check the figures for Horizon Bank?
In the FDIC BankFind Suite record for certificate 4360, and in the Call Reports of Horizon Bank (RSSD ID 130541) at the FFIEC Central Data Repository.