Horizon Bank
Michigan City, IN·RSSD 130541·FDIC 4360·bank:130541·Risk-based ratios where reported
- #8 of 89Total assets in Indiana
- Top 6%Total assets in the U.S.
- 79offices
- 869employees
- Top 1%Margin improvement in the U.S.
- #7 of 81Net interest margin in Indiana
Performance over time
23 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
FDIC reported categories · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at Horizon Bank
5 of 24 FORFI signals stand out against 271 similar banks, based on FDIC data for the quarter.
Borrowed funding falling while the peer median holds steadyNotable: Funding 2nd quarter2.3%peers 2.2%+0.1 pp
Horizon Bank's borrowings as a share of assets fell 9.2 percentage points over the past year to 2.3%. Among 270 similar banks, the median was essentially unchanged.
| This institution | Peer median | Difference |
|---|---|---|
| Borrowings as a share of assets | ||
| 2.3% | 2.2% | +0.1 pp |
| 12-month change | ||
| -9.2 pp | 0.0 pp | -9.2 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 271 banks with $3 billion to $10 billion in assets that filed FDIC data for the same quarter. Horizon Bank itself is left out of every peer median and percentile. How signals work
Unrealized securities position improving faster than peersStrength: Capital 2nd quarter-4.9%peers -6.9%+2.0 pp
Horizon Bank's unrealized securities gain or loss relative to Tier 1 capital rose 42.2 percentage points over the past year to -4.9%. Among 264 similar banks, the median rose 2.0 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Unrealized securities gain or loss relative to Tier 1 capital | ||
| -4.9% | -6.9% | +2.0 pp |
| 12-month change | ||
| +42.2 pp | +2.0 pp | +40.2 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 271 banks with $3 billion to $10 billion in assets that filed FDIC data for the same quarter. Horizon Bank itself is left out of every peer median and percentile. How signals work
Net interest margin widening faster than peersStrength: Earnings 2nd quarter4.48%peers 3.73%+75 bps
Horizon Bank's net interest margin rose 121 bps over the past year to 4.48%. Among 264 similar banks, the median rose 18 bps.
| This institution | Peer median | Difference |
|---|---|---|
| Net interest margin | ||
| 4.48% | 3.73% | +75 bps |
| 12-month change | ||
| +121 bps | +18 bps | +103 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 271 banks with $3 billion to $10 billion in assets that filed FDIC data for the same quarter. Horizon Bank itself is left out of every peer median and percentile. How signals work
C&I lending shrinking while the peer median growsNotable: Lending-15.8%peers +6.9%-22.7 pp
Horizon Bank's commercial and industrial loans declined 15.8% over the past year to $624 million. The median among 260 similar banks was +6.9%.
| This institution | Peer median | Difference |
|---|---|---|
| Commercial and industrial loans, 12-month growth | ||
| -15.8% | +6.9% | -22.7 pp |
| Commercial and industrial loans | ||
| $624 million | ||
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 271 banks with $3 billion to $10 billion in assets that filed FDIC data for the same quarter. Horizon Bank itself is left out of every peer median and percentile. How signals work
1 more observation
- Deposits shrinking while the peer median growsFunding
Key facts
- Horizon Bank is a bank headquartered in Michigan City, Indiana. It reported $6.5 billion in total assets for the quarter ended June 30, 2026.
- Deposits totaled $5.5 billion, down 5.2% from a year earlier, and loans totaled $5.0 billion, down 0.5%.
- Its net interest margin was 4.48% and its annualized return on assets was 1.71% for the quarter.
- Its cost of all deposits was 1.50%, compared with a median of 2.00% among 263 similar banks with $3 billion to $10 billion in assets.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With Horizon Bank's own data, FORFI would look at: Which depositors and relationships drive the change in funding, and what to offer them next.
Analysis workspaces
Sources and identifiers
- Institution
- Horizon Bank · Bank
- Federal Reserve RSSD
- 130541
- FDIC certificate
- 4360
- Reporting period
- Peer group
- 271 banks with $3 billion to $10 billion in assets that filed FDIC data for the same quarter. Horizon Bank itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
FDIC · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation | FDIC published reference |
|---|---|---|
| $27.93M | — | |
| $88.51M | — | |
| $22.13M | — | |
| $66.37M | — | |
| $12.02M | — | |
| $42.93M | — | |
| $1.23M | — | |
| $916K | — | |
| 1.71% | 1.71%ROAQ · Quarter | |
| 4.48% | 4.47%NIMYQ · Quarter | |
| 54.76% | 53.90%EEFFQR · adjusted · Quarter |
Credit-quality reconciliation · Source components agree. NALNLS (nonaccrual) + P9LNLS (90+ days accruing) = NCLNLS (noncurrent).
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-25T00:32:31.073937+00:00. Separate reference provenance is included in the export.