Vitals
  • Total Assets
    1.2B -19.2 %
  • Total Deposits
    1.0B -12.3 %
  • Total Net Loans
    894.7M -24.8 %
  • Net Income
  • Book Value
    11.8M -89.9 %
  • Book Value x2
    23.7M -89.9 %
  • Book Value x3
    35.5M -89.9 %
ROAA

ROAE

Efficiency Ratio

180.825

Net Interest Margin

1.748

Balance Sheet Highlights
Financial Highlights Horizon Bank All Insured Commercial Banks in Washington
Balance Sheet $(000)
Total Assets 1,188,956 441,961
Total Net Loans 894,701 309,661
Total Deposits 1,049,063 374,865
Total Equity 11,923 34,324
Profitability
Net Income — 1,813
Return on Average Assets — .685
Return on Average Equity — 6.63
Net Interest Margin 1.748 3.658
Efficiency Ratio 180.825 99.119
Noninterest Income/Revenue 16.856
Balance Sheet Ratios
Loan-to-Deposit 85.286 82.967
Securities/Assets .051 .232
Total Equity/Total Assets .01 .078
Tangible Equity/Tangible Assets .01 -.299
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 10,165 32,226
Tier 2 Capital 10,165 4,313
Total Capital 20,330 36,531
Total Risk Weighted Assets 1,029,721 345,522
Leverage Ratio .8 8.688
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio .99 11.577
Total Capital Ratio 1.97 12.82

Timeline for Horizon Bank

Horizon Bank was acquired by 14 years

Jan 09 2010

Washington Federal, National Association

Horizon Bank was acquired by Washington Federal, National Association 14 years

View Profile Jan 09 2010

Bank Of Bellingham

Acquisition: Horizon Bank acquired a new subsidiary, Bank Of Bellingham, 24 years

View Profile Jun 19 1999

Horizon Financial Corp.

Horizon Financial Corp. became a new parent organization for Horizon Bank.

View Profile Oct 14 1995

Westward Financial Services Corporation

Westward Financial Services Corporation became a new subsidiary organization for Horizon Bank.

View Profile Oct 13 1995

Want to see more?

Complete timeline for Horizon Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Washington Federal, National Association Buyer 14,885,372 Failure 1/9/2010
Bank Of Bellingham Seller 65,989 Pooling of Interests Discontinued 6/19/1999
Relationships Role Relationship Start Relationship End
Horizon Financial Corp. Parent 10/14/1995 1/8/2010
Westward Financial Services Corporation Subsidary 6/30/2007 1/8/2010
Westward Financial Services Corporation Subsidary 10/13/1995 6/29/2007
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