Horizon Bank
Bradenton, FL — State Member Bank
Acquired Sep 2010
Vitals
-
Total Assets187.8M -9.0 %
-
Total Deposits164.6M -4.6 %
-
Total Net Loans137.2M -14.6 %
-
Net Income-1734000.0000
-
Book Value5.1M -33.7 %
-
Book Value x210.3M -33.7 %
-
Book Value x315.4M -33.7 %
Balance Sheet Highlights
| Financial Highlights | Horizon Bank | All Insured Commercial Banks in Florida |
| Balance Sheet $(000) | ||
| Total Assets | 187,819 | 296,385 |
| Total Net Loans | 137,230 | 187,155 |
| Total Deposits | 164,594 | 246,406 |
| Total Equity | 5,149 | 26,829 |
| Profitability | ||
| Net Income | -1,734 | -1,238 |
| Return on Average Assets | -1.808 | -1.042 |
| Return on Average Equity | -61.921 | -14.523 |
| Net Interest Margin | 3.203 | 3.343 |
| Efficiency Ratio | 96.826 | 96.875 |
| Noninterest Income/Revenue | 9.031 | 8.259 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 83.375 | 77.342 |
| Securities/Assets | .109 | .162 |
| Total Equity/Total Assets | .027 | .091 |
| Tangible Equity/Tangible Assets | .027 | .09 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 2,661 | 23,956 |
| Tier 2 Capital | 1,819 | 2,688 |
| Total Capital | 4,480 | 26,740 |
| Total Risk Weighted Assets | 142,452 | 201,577 |
| Leverage Ratio | 1.43 | 8.856 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 1.87 | 12.92 |
| Total Capital Ratio | 3.14 | 14.255 |
Timeline for Horizon Bank
Bank Of The Ozarks
Horizon Bank was acquired by Bank Of The Ozarks 13 years
View Profile Sep 11 2010
Horizon Bank
Horizon Bank was established 24 years ago and is currently headquartered in Bradenton, FL.
Oct 25 1999
Horizon Bancorporation, Inc.
Horizon Bancorporation, Inc. became a new parent organization for Horizon Bank.
View Profile Oct 25 1999| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Bank Of The Ozarks | Buyer | 18,430,019 | Failure | 9/11/2010 |
| Relationships | Role | Relationship Start | Relationship End |
| Horizon Bancorporation, Inc. | Parent | 10/25/1999 | 9/10/2010 |
Similar Organizations
| Organization | City | State | Total Assets |
|---|---|---|---|
|
First Vision Bank Of Tennessee
|
Tullahoma | TN | 188.1M |
|
Select Bank
|
Forest | VA | 188.7M |
|
Marblehead Bank
|
Marblehead | MA | 194.0M |
|
Petit Jean State Bank
|
Morrilton | AR | 184.1M |
|
Pinnacle Bank
|
Marshalltown | IA | 191.8M |
|
Eastern Savings Bank
|
Norwich | CT | 197.7M |
|
First Sentinel Bank
|
Richlands | VA | 195.3M |
|
The Casey County Bank, Inc.
|
Liberty | KY | 176.1M |
|
The Fidelity State Bank And Trust Company
|
Dodge City | KS | 175.6M |
|
Freedom Financial Bank
|
West Des Moines | IA | 173.9M |