Horizon Bank, SSB

Headquarters

600 Congress Ave, Suite 400
Austin, TX 78701
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.95% →
1-Year CD 1.05% 1.01% →
2-Year CD 1.15% 0.95% →
5-Year CD 1.36% 2.25% →
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, SSB is an FDIC insured institution located in Austin, TX. It was founded in 1905 and has approximately $1.23 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 3256
Date Established 1905
Assets $ 1,230.49 million
Loans $ 908.36 million
Deposits $ 1,054.93 million
Capital $ 102.77 million
 

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

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
1.05% $10,000 $14,999 Learn More
12 Mo CD
1.05% $100,000 $199,999 Learn More
18 Mo CD
1.10% $10,000 $14,999 Learn More
18 Mo CD
1.10% $100,000 $199,999 Learn More
24 Mo CD
1.15% $10,000 $14,999 Learn More
24 Mo CD
1.15% $100,000 $199,999 Learn More
60 Mo CD
1.36% $10,000 $14,999 Learn More
60 Mo CD
1.36% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Horizon Bank, SSB

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
2.569% 2.500% 0.88 $2,258 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 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
2.240 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Horizon Bank, SSB
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Horizon Bank, SSB 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, SSB Locations


Financial Details

Horizon Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Horizon Bank, SSB. 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, SSB U.S. Bank Average
0.25% 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, SSB had $233,000 in non-current loans and $58,000 in owned real estate. To cover these potential losses it had $102,771,000 in equity and $14,353,000 in loans loss reserves. That gives it a Texas Ratio of 0.25%.

Return on Equity
Horizon Bank, SSB U.S. Bank Average
19.05% 7.80%

Horizon Bank, SSB has a Return on Equity of 19.05% 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, SSB U.S. Bank Average
8.35% 12.68%

Horizon Bank, SSB has a Capitalization of 8.35% 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, SSB Balance Sheet Analysis

As of March 31, 2020, Horizon Bank, SSB had assets of $1,230,489,000, loans of $908,364,000, and deposits of $1,054,932,000. 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 $ 134.32 million
Interest-bearing balances $ 115.10 million
Total securities $ 137.43 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 908.36 million
Loan loss allowance $ 14.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles $ 2.42 million
All other assets $ 29.61 million
     Total Assets $ 1,127.72 million
LIABILITIES
Total deposits $ 1,054.93 million
      Interest-bearing deposits $ 625.27 million
      Deposits held in domestic offices $ 1,054.93 million
      % insured (estimated) 51.98%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 65.00 million
Subordinated debt N.A.
All other liabilities $ 7.79 million
      Total Liabilities $ 1,127.72 million
      Shareholders’ Equity $ 102.77 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 14.57 million
Total Interest Expense $ 1.92 million
Net interest income $ 12.65 million
Provision for loan and lease losses $ 1.10 million
Total non interest income $ 2.78 million
Total non interest expense $ 8.88 million
Pre-tax Net Operating Income $ 5.45 million

Bank Loan Profile?

The top three loan types in Horizon Bank, SSB’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Texas, Horizon Bank, SSB has a significantly higher percent of Commercial Real Estate, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 12.46
Multifamily
Mortgages
1.60
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 0.00
Construction and Development Loans 8.46
Commercial Real Estate 46.74
Commercial and Industrial Loans 28.08
Farm Loans 0.06

Frequently Asked Questions About Horizon Bank, Ssb

Branches and Savings

Is Horizon Bank, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #3256.

Why does Horizon Bank, Ssb 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, Ssb CD rates not competitive?

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

Is Horizon Bank, Ssb a commercial bank?

Yes

Where are Horizon Bank, Ssb locations?

See branch locations nearby.

Is Horizon Bank, Ssb open on Saturdays?

Is Horizon Bank, Ssb open on Sundays?

What time does Horizon Bank, Ssb open?

What time does Horizon Bank, Ssb close?

Are Horizon Bank, Ssb ATMs Open 24/7?

Do Horizon Bank, Ssb ATMs accept cash deposits?

Can Horizon Bank, Ssb customers use other ATMs?

Do Horizon Bank, Ssb branches have notaries?

Will Horizon Bank, Ssb notarize my document?

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

Will the Horizon Bank, Ssb branch print checks?

Do Horizon Bank, Ssb checks expire?

Does Horizon Bank, Ssb require US citizenship to open account?

Can Horizon Bank, Ssb close my account?

Does Horizon Bank, Ssb Report to credit bureaus?

Does Horizon Bank, Ssb Use Equifax?

What is Horizon Bank, Ssb's ACH Routing Number?

What is Horizon Bank, Ssb's SWIFT code?

Products

Does Horizon Bank, Ssb offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Horizon Bank, Ssb offer personal loans?

Compare personal loan rates here.

Does Horizon Bank, Ssb offer student loans?

Will Horizon Bank, Ssb cash a check?

Will Horizon Bank, Ssb redeem a savings bond?

Does Horizon Bank, Ssb cash savings bonds?

Will Horizon Bank, Ssb cash money orders?

Can Horizon Bank, Ssb issue a money order?

Does Horizon Bank, Ssb do currency exchange?

Background on The Bank

Who owns Horizon Bank, Ssb?

How long has Horizon Bank, Ssb been around?

Can Horizon Bank, Ssb transfer to other banks?

Does Horizon Bank, Ssb have quick pay?

Does Horizon Bank, Ssb accept rolled coins?

Will Horizon Bank, Ssb accept loose change?

Where is Horizon Bank, Ssb headquarters?

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