Horizon Bank (Michigan City, IN): Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Horizon Bank, based in Michigan City, Indiana, reported $6.5 billion in assets at June 30, 2026, down 14.1% from a year earlier. It lost 5.2% of its deposits over the year, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 5.1%). It also keeps 4.50 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.71 cents).
Net income for the quarter rose 24% from a year earlier, to $28 million. Over the same year, loans shrank 0.5% and deposits shrank 5.2%.
As of June 30, 2026, Horizon Bank reported a CET1 capital ratio of 12.60%, a return on assets of 1.72%, a nonperforming-loan ratio of 0.70% and a Texas ratio of 5.09%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 515 Franklin St, Michigan City, IN 46360
- County
- Laporte
- Metro Area
- Michigan City-La Porte, IN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- April 21, 1873
- Former names
- Horizon Bank, National Association (1997-2017); First Citizens Bank, National Association (1986-1997); The First-Merchants National Bank of Michigan City (1962-1986)
- Offices
- 80 domestic
- Employees (FTE)
- 869
- Domestic deposits
- $5.48B
- Allowance for credit losses
- $51.9M
- Net charge-offs (YTD)
- $1.2M
- Average total assets
- $6.50B
- Average total loans
- $4.92B
- Average interest-bearing deposits
- $4.19B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 4360
- Fed RSSD
- 130541
- SEC CIK
- 706129 → filed by HORIZON BANCORP, INC.
- Website
- www.horizonbank.com →
- Parent Holding Company
- HORIZON BANCORP, INC. (RSSD 1209136) · HBNC
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Thomas M Prame | CEO | Chief Executive Officer |
| John R Stewart | CFO | EVP - Chief Financial Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Horizon Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Horizon Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Horizon Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.60% | 1.72% | 0.70% | 5.09% | 4.50% |
| Q1 2026 | 12.35% | 1.78% | 0.76% | 5.48% | 4.39% |
| Q4 2025 | 11.99% | 1.82% | 0.72% | 5.04% | 4.42% |
| Q3 2025 | 11.74% | -11.99% | 0.64% | 4.80% | 3.42% |
| Q2 2025 | 12.22% | 1.18% | 0.53% | 3.82% | 3.38% |
| Q1 2025 | 11.97% | 1.33% | 0.62% | 4.49% | 3.21% |
| Q4 2024 | 11.70% | -0.37% | 0.55% | 3.97% | 3.18% |
| Q3 2024 | 11.43% | 1.06% | 0.51% | 3.73% | 2.81% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 74 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Horizon Bank (main office) | Michigan City , IN | 46360 | $868.9M |
| 710 Indiana Avenue Branch | La Porte , IN | 46350 | $352.1M |
| Indianapolis Branch | Indianapolis , IN | 46204 | $247.4M |
| Franklin Branch | Franklin , IN | 46131 | $192.1M |
| South Franklin Branch | Michigan City , IN | 46360 | $158.4M |
| Eastgate Branch | Logansport , IN | 46947 | $148.6M |
| Eastman Avenue Branch | Midland , MI | 48640 | $145.4M |
| Alliance Bking Branch | New Buffalo , MI | 49117 | $118.0M |
| Portage Branch | Portage , IN | 46368 | $116.8M |
| Grand Rapids Downtown Branch | Grand Rapids , MI | 49503 | $105.0M |
| Gaylord Main | Gaylord , MI | 49735 | $100.3M |
| 301 South St Branch | Lafayette , IN | 47901 | $99.6M |
| Horizon Bank Valparaiso-Lincolnway Branch | Valparaiso , IN | 46383 | $90.0M |
| Valparaiso Branch | Valparaiso , IN | 46383 | $89.8M |
| Marion Northwest Branch | Marion , IN | 46952 | $87.7M |
| Creasy Lane Branch | Lafayette , IN | 47905 | $83.6M |
| St. Joseph Branch | Saint Joseph , MI | 49085 | $81.5M |
| Columbus Main Office | Columbus , IN | 47201 | $78.2M |
| Greenwood West Branch | Greenwood , IN | 46142 | $78.1M |
| Kalamazoo Branch | Portage , MI | 49024 | $78.0M |
| Big Rapids Main | Big Rapids , MI | 49307 | $76.3M |
| Wanatah Branch | Wanatah , IN | 46390 | $74.9M |
| Chesterton Branch | Chesterton , IN | 46304 | $74.9M |
| 212 West Seventh Street Branch | Auburn , IN | 46706 | $71.9M |
| Corunna Branch | Corunna , MI | 48817 | $70.3M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 26, 2019 | Structure Change | Acquired Salin Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 26, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 17, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 17, 2017 | Structure Change | Acquired Wolverine Bank, Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 1, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 1, 2017 | Structure Change | Acquired Lafayette Community Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 7, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 7, 2016 | Structure Change | Acquired The Central National Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 18, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 18, 2016 | Structure Change | Acquired The La Porte Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 1, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 1, 2016 | Structure Change | Acquired Farmers State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 2015 | Structure Change | Acquired Peoples Federal Savings Bank of DeKalb County Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 3, 2014 | Structure Change | Acquired Summit Community Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 3, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 17, 2012 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 17, 2012 | Structure Change | Acquired Heartland Community Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 29, 2010 | Structure Change | Acquired American Trust & Savings Bank of Whiting, Indiana Sale of Assets for the acquired bank | FFIEC NIC |
| September 30, 2009 | Structure Change | Acquired Horizon Trust and Investment Management, N.A. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 30, 2009 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 11, 2005 | Structure Change | Acquired Alliance Banking Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 10, 2005 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 1986 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 1986 | Structure Change | Acquired Citizens Bank of Michigan City, Indiana Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 3, 1962 | Structure Change | Acquired Merchants National Bank of Michigan City Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 21, 1937 | Structure Change | Acquired Michigan City Trust and Savings Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 27 events, scroll the table for the full history.
Regulatory record
What the public regulatory sources show for Horizon Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 1.8% of deposits in IN, rank 17 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 4,057 applications, 2,798 loans originated, $626.7M originated, across 18 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 79 loans, $37.9M approved, $480K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Horizon Bank
What are Horizon Bank's total assets?
As of the Q2 2026 filing, Horizon Bank reported total assets of $6.55 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Horizon Bank headquartered?
Horizon Bank is headquartered in Michigan City, IN, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Horizon Bank founded?
Horizon Bank was established in 1873, per the FDIC institution directory.
Is Horizon Bank FDIC-insured?
Yes. Horizon Bank is an FDIC-insured commercial bank (FDIC Certificate #4360). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Horizon Bank?
Horizon Bank's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Horizon Bank's CET1 capital ratio?
Horizon Bank reported a Common Equity Tier 1 (CET1) capital ratio of 12.60% in its Q2 2026 call report, above regulatory requirements.
How many branches does Horizon Bank operate?
Horizon Bank operates 80 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Horizon Bank's Texas Ratio?
Horizon Bank's Texas Ratio is 5.09% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Horizon Bank previously called?
The charter now named Horizon Bank has also operated as Horizon Bank, National Association (1997-2017), First Citizens Bank, National Association (1986-1997), The First-Merchants National Bank of Michigan City (1962-1986), per FDIC structure-change records.
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