Horizon Bank

Headquarters

900 53rd Avenue East
Bradenton, FL 34203
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Horizon Bank is an FDIC insured institution located in Bradenton, FL. It was founded in 1999 and has approximately $0.19 billion in assets.

Horizon Bank, Bradenton, Florida, was closed September 10, 2010 by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank of the Ozarks, Little Rock, Arkansas, to assume all of the deposits of Horizon Bank.

FDIC Insured Yes
FDIC Certificate # 35061
Date Established 1999
Assets $ 199.93 million
Loans $ 152.39 million
Deposits $ 174.58 million
Capital $ 7.30 million
 

For a more detailed analysis of Horizon Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Horizon Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.789% 2.750% 0.50 $1,250 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Horizon Bank
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Branches

Horizon Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Horizon Bank Locations


Financial Details

Horizon Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Horizon Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Horizon Bank U.S. Bank Average
130.34% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Horizon Bank had $15,685,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,303,000 in equity and $4,731,000 in loans loss reserves. That gives it a Texas Ratio of 130.34%.

Return on Equity
Horizon Bank U.S. Bank Average
-72.5% 7.80%

Horizon Bank has a Return on Equity of -72.5% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Horizon Bank U.S. Bank Average
3.65% 12.68%

Horizon Bank has a Capitalization of 3.65% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Horizon Bank Balance Sheet Analysis

As of November 30, -0001, Horizon Bank had assets of $187,819,000, loans of $152,390,000, and deposits of $174,577,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 152.39 million
Loan loss allowance $ 4.73 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 174.58 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 199.93 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Horizon Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Horizon Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Horizon Bank

Branches and Savings

Is Horizon Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35061.

Why does Horizon Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Horizon Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Horizon Bank a commercial bank?

Yes

Where are Horizon Bank locations?

See branch locations nearby.

Is Horizon Bank open on Saturdays?

Is Horizon Bank open on Sundays?

What time does Horizon Bank open?

What time does Horizon Bank close?

Are Horizon Bank ATMs Open 24/7?

Do Horizon Bank ATMs accept cash deposits?

Can Horizon Bank customers use other ATMs?

Do Horizon Bank branches have notaries?

Will Horizon Bank notarize my document?

What address for Horizon Bank should I put for incoming ACH transfers?

Will the Horizon Bank branch print checks?

Do Horizon Bank checks expire?

Does Horizon Bank require US citizenship to open account?

Can Horizon Bank close my account?

Does Horizon Bank Report to credit bureaus?

Does Horizon Bank Use Equifax?

What is Horizon Bank's ACH Routing Number?

What is Horizon Bank's SWIFT code?

Products

Does Horizon Bank offer mortgages?

Compare mortgage rates here.

Does Horizon Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Horizon Bank offer personal loans?

Compare personal loan rates here.

Does Horizon Bank offer student loans?

Will Horizon Bank cash a check?

Will Horizon Bank redeem a savings bond?

Does Horizon Bank cash savings bonds?

Will Horizon Bank cash money orders?

Can Horizon Bank issue a money order?

Does Horizon Bank do currency exchange?

Background on The Bank

Who owns Horizon Bank?

How long has Horizon Bank been around?

Can Horizon Bank transfer to other banks?

Does Horizon Bank have quick pay?

Does Horizon Bank accept rolled coins?

Will Horizon Bank accept loose change?

Where is Horizon Bank headquarters?

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