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Horizon Bank, Performance and Condition Ratios
| 2010-06-30 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 5.5908% | 2,170 |
| Cost of funding earning assets | 2.3329% | 308 |
| Net interest margin | 3.2579% | 6,141 |
| Noninterest income to average assets | 0.4915% | 4,182 |
| Noninterest expense to average assets | 3.2694% | 2,659 |
| Loan and lease loss provision to assets | 2.7800% | 379 |
| Net operating income to assets | -1.7465% | 7,245 |
| Return on assets (ROA) | -1.7867% | 7,256 |
| Pretax return on assets | -2.7346% | 7,423 |
| Return on Equity (ROE) | -61.9212% | 7,661 |
| Retained earnings to average equity (ytd only) | -61.9212% | 7,659 |
| Net charge-offs to loans | 3.2530% | 470 |
| Credit loss provision to net charge-offs | 110.9831% | 3,658 |
| Earnings coverage of net charge-offs (x) | 0.0428% | 5,674 |
| Efficiency ratio | 96.8264% | 922 |
| Assets per employee ($millions) | 4.6955% | 2,592 |
| Cash dividends to net income (ytd only)* | 0.0000% | 3,319 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 3.5141% | 533 |
| Loan loss allowance to noncurrent loans | 35.1156% | 6,019 |
| Noncurrent assets plus other real estate owned to assets | 12.1830% | 259 |
| Noncurrent loans to loans | 10.0072% | 443 |
| Net loans and leases to total assets | 73.0650% | 2,152 |
| Net loans and leases to deposits | 83.3748% | 2,998 |
| Net loans and leases to core deposits | 91.9710% | 2,994 |
| Total domestic deposits to total assets | 87.6344% | 2,190 |
| Equity capital to assets | 2.7415% | 7,768 |
| Core capital (leverage) ratio | 1.4319% | 7,797 |
| Tier 1 risk-based capital ratio | 1.8680% | 7,803 |
| Total risk-based capital ratio | 3.1449% | 7,802 |
| Memoranda: | ||
| Average total assets | $194,102,330 | 3,247 |
| Average earning assets | $171,888,330 | 3,309 |
| Average equity | $5,600,670 | 6,585 |
| Average total loans | $149,462,000 | 2,846 |
| 2010-03-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 5.8138% | 1,414 |
| Cost of funding earning assets | 2.3722% | 332 |
| Net interest margin | 3.4416% | 5,415 |
| Noninterest income to average assets | 0.1541% | 6,864 |
| Noninterest expense to average assets | 3.1737% | 2,962 |
| Loan and lease loss provision to assets | 5.4714% | 130 |
| Net operating income to assets | -3.6832% | 7,694 |
| Return on assets (ROA) | -3.7659% | 7,703 |
| Pretax return on assets | -5.5322% | 7,789 |
| Return on Equity (ROE) | -127.4865% | 7,855 |
| Retained earnings to average equity (ytd only) | -127.4865% | 7,852 |
| Net charge-offs to loans | 5.5161% | 207 |
| Credit loss provision to net charge-offs | 127.8067% | 2,758 |
| Earnings coverage of net charge-offs (x) | 0.0142% | 5,014 |
| Efficiency ratio | 98.1191% | 917 |
| Assets per employee ($millions) | 4.6466% | 2,721 |
| Cash dividends to net income (ytd only)* | 0.0000% | 2,528 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 3.5682% | 518 |
| Loan loss allowance to noncurrent loans | 35.9665% | 5,977 |
| Noncurrent assets plus other real estate owned to assets | 11.0485% | 329 |
| Noncurrent loans to loans | 9.9210% | 428 |
| Net loans and leases to total assets | 73.6428% | 2,046 |
| Net loans and leases to deposits | 83.4751% | 3,027 |
| Net loans and leases to core deposits | 91.8367% | 3,130 |
| Total domestic deposits to total assets | 88.2213% | 1,937 |
| Equity capital to assets | 2.5354% | 7,871 |
| Core capital (leverage) ratio | 1.3292% | 7,900 |
| Tier 1 risk-based capital ratio | 1.7788% | 7,903 |
| Total risk-based capital ratio | 3.0585% | 7,903 |
| Memoranda: | ||
| Average total assets | $197,244,000 | 3,255 |
| Average earning assets | $176,545,000 | 3,300 |
| Average equity | $5,826,500 | 6,577 |
| Average total loans | $153,079,000 | 2,845 |
| 2009-12-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 6.0253% | 1,772 |
| Cost of funding earning assets | 2.9370% | 275 |
| Net interest margin | 3.0883% | 6,404 |
| Noninterest income to average assets | 0.5878% | 3,733 |
| Noninterest expense to average assets | 2.6683% | 5,518 |
| Loan and lease loss provision to assets | 5.3592% | 162 |
| Net operating income to assets | -3.1529% | 7,433 |
| Return on assets (ROA) | -3.8448% | 7,578 |
| Pretax return on assets | -5.5592% | 7,767 |
| Return on Equity (ROE) | -79.3069% | 7,861 |
| Retained earnings to average equity (ytd only) | -79.3069% | 7,857 |
| Net charge-offs to loans | 4.7959% | 292 |
| Credit loss provision to net charge-offs | 140.5070% | 3,459 |
| Earnings coverage of net charge-offs (x) | 0.2104% | 5,924 |
| Efficiency ratio | 76.8753% | 3,375 |
| Assets per employee ($millions) | 4.7460% | 2,545 |
| Cash dividends to net income (ytd only)* | 0.0000% | 4,015 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 3.0111% | 769 |
| Loan loss allowance to noncurrent loans | 30.1626% | 6,461 |
| Noncurrent assets plus other real estate owned to assets | 9.1632% | 435 |
| Noncurrent loans to loans | 9.9828% | 414 |
| Net loans and leases to total assets | 76.4507% | 1,703 |
| Net loans and leases to deposits | 87.2910% | 2,683 |
| Net loans and leases to core deposits | 102.5022% | 3,745 |
| Total domestic deposits to total assets | 87.5815% | 2,184 |
| Equity capital to assets | 3.3638% | 7,897 |
| Core capital (leverage) ratio | 2.6231% | 7,927 |
| Tier 1 risk-based capital ratio | 3.6405% | 7,923 |
| Total risk-based capital ratio | 4.9194% | 7,924 |
| Memoranda: | ||
| Average total assets | $208,932,200 | 3,072 |
| Average earning assets | $195,061,800 | 3,034 |
| Average equity | $10,129,000 | 5,262 |
| Average total loans | $166,162,000 | 2,674 |
| 2009-09-30 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 6.0910% | 1,681 |
| Cost of funding earning assets | 2.9753% | 356 |
| Net interest margin | 3.1157% | 6,268 |
| Noninterest income to average assets | 0.2183% | 6,668 |
| Noninterest expense to average assets | 2.4176% | 6,357 |
| Loan and lease loss provision to assets | 5.5469% | 132 |
| Net operating income to assets | -3.4430% | 7,680 |
| Return on assets (ROA) | -4.1261% | 7,765 |
| Pretax return on assets | -5.7835% | 7,894 |
| Return on Equity (ROE) | -79.3790% | 7,959 |
| Retained earnings to average equity (ytd only) | -79.3790% | 7,957 |
| Net charge-offs to loans | 4.4870% | 285 |
| Credit loss provision to net charge-offs | 155.1164% | 3,084 |
| Earnings coverage of net charge-offs (x) | 0.2029% | 5,820 |
| Efficiency ratio | 76.9169% | 3,336 |
| Assets per employee ($millions) | 5.1957% | 1,899 |
| Cash dividends to net income (ytd only)* | 0.0000% | 3,688 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 2.8170% | 775 |
| Loan loss allowance to noncurrent loans | 31.0038% | 6,382 |
| Noncurrent assets plus other real estate owned to assets | 8.3430% | 493 |
| Noncurrent loans to loans | 9.0859% | 489 |
| Net loans and leases to total assets | 76.8081% | 1,818 |
| Net loans and leases to deposits | 92.0465% | 2,221 |
| Net loans and leases to core deposits | 107.5711% | 3,524 |
| Total domestic deposits to total assets | 83.4449% | 3,994 |
| Equity capital to assets | 3.9634% | 8,001 |
| Core capital (leverage) ratio | 4.0581% | 7,981 |
| Tier 1 risk-based capital ratio | 5.5925% | 7,970 |
| Total risk-based capital ratio | 6.8631% | 7,978 |
| Memoranda: | ||
| Average total assets | $211,332,500 | 3,072 |
| Average earning assets | $198,385,000 | 3,007 |
| Average equity | $10,985,000 | 5,076 |
| Average total loans | $168,422,250 | 2,673 |
| 2009-06-30 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 6.1830% | 1,515 |
| Cost of funding earning assets | 3.0870% | 366 |
| Net interest margin | 3.0960% | 6,258 |
| Noninterest income to average assets | 0.1600% | 7,129 |
| Noninterest expense to average assets | 2.3275% | 6,683 |
| Loan and lease loss provision to assets | 8.2748% | 65 |
| Net operating income to assets | -5.6054% | 7,980 |
| Return on assets (ROA) | -6.3219% | 8,005 |
| Pretax return on assets | -8.4856% | 8,063 |
| Return on Equity (ROE) | -112.8813% | 8,091 |
| Retained earnings to average equity (ytd only) | -112.8813% | 8,090 |
| Net charge-offs to loans | 6.1091% | 175 |
| Credit loss provision to net charge-offs | 169.5007% | 2,719 |
| Earnings coverage of net charge-offs (x) | 0.1525% | 5,519 |
| Efficiency ratio | 75.7659% | 3,733 |
| Assets per employee ($millions) | 4.9133% | 2,178 |
| Cash dividends to net income (ytd only)* | 0.0000% | 3,532 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 3.0809% | 526 |
| Loan loss allowance to noncurrent loans | 32.3271% | 6,309 |
| Noncurrent assets plus other real estate owned to assets | 8.6848% | 403 |
| Noncurrent loans to loans | 9.5303% | 382 |
| Net loans and leases to total assets | 77.8688% | 1,775 |
| Net loans and leases to deposits | 93.1558% | 2,244 |
| Net loans and leases to core deposits | 110.9822% | 3,255 |
| Total domestic deposits to total assets | 83.5898% | 3,971 |
| Equity capital to assets | 3.7633% | 8,105 |
| Core capital (leverage) ratio | 4.0449% | 8,092 |
| Tier 1 risk-based capital ratio | 5.3855% | 8,084 |
| Total risk-based capital ratio | 6.6609% | 8,089 |
| Memoranda: | ||
| Average total assets | $212,501,000 | 3,080 |
| Average earning assets | $199,872,000 | 3,002 |
| Average equity | $11,901,000 | 4,841 |
| Average total loans | $169,811,330 | 2,685 |
| 2009-03-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 6.1572% | 1,734 |
| Cost of funding earning assets | 3.1446% | 402 |
| Net interest margin | 3.0126% | 6,449 |
| Noninterest income to average assets | 0.1132% | 7,465 |
| Noninterest expense to average assets | 2.2044% | 6,856 |
| Loan and lease loss provision to assets | 0.4082% | 2,877 |
| Net operating income to assets | 0.2858% | 5,348 |
| Return on assets (ROA) | 0.2858% | 5,520 |
| Pretax return on assets | 0.3377% | 5,563 |
| Return on Equity (ROE) | 4.4099% | 4,743 |
| Retained earnings to average equity (ytd only) | 4.4099% | 3,463 |
| Net charge-offs to loans | 0.1653% | 3,642 |
| Credit loss provision to net charge-offs | 309.8592% | 1,574 |
| Earnings coverage of net charge-offs (x) | 5.6620% | 2,631 |
| Efficiency ratio | 74.7170% | 3,702 |
| Assets per employee ($millions) | 5.2826% | 1,757 |
| Cash dividends to net income (ytd only)* | 0.0000% | 2,832 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 0.9488% | 6,497 |
| Loan loss allowance to noncurrent loans | 14.3640% | 7,421 |
| Noncurrent assets plus other real estate owned to assets | 6.3776% | 597 |
| Noncurrent loans to loans | 6.6057% | 651 |
| Net loans and leases to total assets | 77.7278% | 1,886 |
| Net loans and leases to deposits | 94.9678% | 2,115 |
| Net loans and leases to core deposits | 117.3643% | 2,651 |
| Total domestic deposits to total assets | 81.8465% | 4,615 |
| Equity capital to assets | 6.3930% | 7,907 |
| Core capital (leverage) ratio | 6.9226% | 7,680 |
| Tier 1 risk-based capital ratio | 9.2490% | 7,626 |
| Total risk-based capital ratio | 10.2581% | 7,819 |
| Memoranda: | ||
| Average total assets | $215,571,500 | 3,046 |
| Average earning assets | $203,015,000 | 2,977 |
| Average equity | $13,968,500 | 4,340 |
| Average total loans | $171,818,000 | 2,685 |
| 2008-12-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 6.7612% | 1,824 |
| Cost of funding earning assets | 3.6119% | 374 |
| Net interest margin | 3.1494% | 6,527 |
| Noninterest income to average assets | 0.4138% | 5,357 |
| Noninterest expense to average assets | 2.1809% | 7,015 |
| Loan and lease loss provision to assets | 0.2184% | 4,702 |
| Net operating income to assets | 0.7331% | 3,746 |
| Return on assets (ROA) | 0.3210% | 5,294 |
| Pretax return on assets | 0.4437% | 5,144 |
| Return on Equity (ROE) | 5.0657% | 4,355 |
| Retained earnings to average equity (ytd only) | 5.0657% | 1,989 |
| Net charge-offs to loans | 0.2119% | 4,089 |
| Credit loss provision to net charge-offs | 128.9855% | 4,132 |
| Earnings coverage of net charge-offs (x) | 7.2899% | 3,148 |
| Efficiency ratio | 63.8546% | 5,592 |
| Assets per employee ($millions) | 5.3660% | 1,560 |
| Cash dividends to net income (ytd only)* | 0.0000% | 4,825 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 0.8866% | 6,748 |
| Loan loss allowance to noncurrent loans | 20.3880% | 7,220 |
| Noncurrent assets plus other real estate owned to assets | 4.8678% | 730 |
| Noncurrent loans to loans | 4.3485% | 1,099 |
| Net loans and leases to total assets | 80.2904% | 1,593 |
| Net loans and leases to deposits | 101.0464% | 1,699 |
| Net loans and leases to core deposits | 121.6688% | 2,539 |
| Total domestic deposits to total assets | 79.4590% | 5,220 |
| Equity capital to assets | 6.5718% | 7,910 |
| Core capital (leverage) ratio | 7.1466% | 7,573 |
| Tier 1 risk-based capital ratio | 9.2905% | 7,533 |
| Total risk-based capital ratio | 10.2231% | 7,799 |
| Memoranda: | ||
| Average total assets | $203,726,400 | 3,092 |
| Average earning assets | $194,166,000 | 2,974 |
| Average equity | $12,910,400 | 4,601 |
| Average total loans | $162,816,400 | 2,733 |