Horizon Bank
Horizon Bank reported total assets of $6.5 bn at Q2 2026, down 14.1% from a year earlier. That ranks 233rd among 497 banks reporting this metric (1 = highest). Its common equity tier 1 ratio was 12.60%, and an estimated 26.21% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Uninsured share of domestic deposits: down 13.51 pp on Q1 2026, to 26.21%
- Bank equity capital: up 3.3% on Q1 2026, to $803.8 mn
- Return on equity (ROE): down 0.47 pp on Q1 2026, to 14.53%
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about Horizon Bank?
Its largest one-quarter change in total assets since Q1 2016 was +23.5% between Q2 2021 and Q3 2021, a quarter with no merger or acquisition in the FDIC history. By uninsured share of domestic deposits it moved from 189th to 363rd among 500 banks between Q1 2026 and Q2 2026 (1 = highest).
How large is Horizon Bank?
At Q2 2026 the bank held $6.5 bn of assets. Deposits were $5.5 bn and net loans and leases $4.9 bn, a loan-to-deposit ratio of 89.66%. Securities of $897.8 mn made up 13.7% of assets.
Total assets rose 149.6% between Q1 2016 and Q2 2026, from $2.6 bn.
How much of its funding is uninsured?
An estimated 26.21% of domestic deposits were above the FDIC insurance limit at Q2 2026, -13.51 pp from the previous quarter and -17.86 pp from a year earlier. That share ranks 363rd among 500 banks reporting this metric (1 = highest).
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $6.5 bn | -14.1% | 233rd of 497 |
| Total deposits | $5.5 bn | -5.2% | 227th of 499 |
| Net loans and leases | $4.9 bn | -0.4% | 214th of 500 |
| Bank equity capital | $803.8 mn | -3.2% | 212th of 498 |
| Common equity tier 1 (CET1) ratio | 12.60% | +0.38 pp | 276th of 448 |
| Tier 1 leverage ratio | 10.52% | +1.16 pp | 224th of 500 |
| Return on equity (ROE) | 14.53% | +2.65 pp | 143rd of 500 |
| Net interest margin | 4.47% | +1.31 pp | 62nd of 500 |
| Uninsured share of domestic deposits | 26.21% | -17.86 pp | 363rd of 500 |
| 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: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q2 2026. Dashed amber lines mark the mergers and acquisitions listed under Mergers and acquisitions.
- Total assets $6.5bn
- Deposits $5.5bn
- Net loans $4.9bn
Capital and securities
The common equity tier 1 (CET1) ratio was 12.60% at Q2 2026, +0.38 pp from a year earlier. Since Q1 2016 it has ranged from 10.49% (Q2 2020) to 13.72% (Q4 2021). At Q2 2026 the tier 1 leverage ratio was 10.52% and the total risk-based capital ratio 13.60%. The median CET1 ratio of the size peers listed below was 13.06% at Q2 2026.
Available-for-sale securities showed an unrealized loss of $33.0 mn at Q2 2026; the loss narrowed by $15.0 mn from a year earlier.
Capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 11%
Unrealized gains and losses on securities
- Available for sale -$33mn
- Held to maturity $0
Profitability and loan quality
Return on equity was 14.53% for the year to Q2 2026, annualized, with a return on assets of 1.75% and a net interest margin of 4.47%. The margin was +1.31 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 52.66%. Net income for the year to Q2 2026 was $56.9 mn, up 17.6% on the same period a year earlier. The median return on equity of its size peers was 9.23% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.70% of total loans at Q2 2026. Net charge-offs for the year to date were 0.05% of average loans, annualized.
Profitability
- Return on equity 15%
- Net interest margin 4.5%
- Return on assets 1.8%
Compared with banks of similar size
The six banks ranked closest to Horizon Bank by total assets at Q2 2026, three above and three below where possible.
Among the seven banks in the table at Q2 2026, Horizon Bank is 4th by total assets. Its CET1 ratio of 12.60% compares with a peer median of 13.06%, its tier 1 leverage ratio of 10.52% compares with a peer median of 9.65%, and its return on equity of 14.53% compares with a peer median of 9.23%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| First Bank | $6.7 bn | 13.06% | 8.03% | 29.61% | |
| SMBC MANUBANK | $6.6 bn | 23.92% | -32.51% | 79.00% | |
| The Washington Trust Company, of Westerly | $6.6 bn | 12.22% | 10.44% | 27.07% | |
| Horizon Bank | $6.5 bn | 12.60% | 14.53% | 26.21% | |
| TrustCo Bank | $6.5 bn | 14.48% | 12.45% | 21.99% | |
| United Fidelity Bank, fsb | $6.5 bn | 11.08% | -0.86% | 18.30% | |
| Choice Financial Group | $6.4 bn | not reported | 11.42% | 26.47% | |
Q2 2026. Peer median (the six banks, excluding this one): CET1 13.06%, return on equity 9.23%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
Horizon Bank, as reported in its Call Reports.
From Q3 2024 to Q2 2026, total assets fell 17.1% to $6.5 bn, deposits fell 5.5% to $5.5 bn and bank equity capital rose 0.8% to $803.8 mn. Over the same period its full-time equivalent staff went from 858 to 869 and its offices went from 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 |
| Common equity tier 1 (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 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
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).
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 4360
- Federal Reserve RSSD ID
- 130541
- Head office
- Michigan City, Indiana
- Holding company
- HORIZON BCORP INC (as reported to the FDIC)
- Holding company RSSD ID
- 1209136
- EconoMonitor ID
- EMB-US-000277
Frequently asked questions
What were Horizon Bank's total assets?
$6.5 bn at Q2 2026, according to its Call Report as published by the FDIC. By total assets it ranks 233rd among 497 banks reporting this metric (1 = highest).
Is Horizon Bank the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 4360). Its holding company, HORIZON BCORP INC (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after Horizon Bank files its Call Report and the FDIC publishes it. This page shows Q2 2026, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 4360, and in the Call Reports filed under RSSD ID 130541 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.