Horizon Bank (Michigan City, IN)
Horizon Bank is an FDIC-insured commercial bank headquartered in Michigan City, IN, supervised by the FDIC, with $6.56B in total assets at Q3 2026, down 1.9% from Q3 2025, the 8th largest of 87 banks headquartered in Indiana. It was established in 1873 and holds FDIC certificate 4360. Its CET1 capital ratio was 12.96% at Q3 2026, above regulatory requirements.
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 4360
- Headquarters
- Michigan City, IN
- Established
- 1873
- Total assets, Q3 2026
- $6.56B
- Assets vs Q3 2025
- -1.9%
- CET1 ratio, Q3 2026
- 12.96%
- Domestic offices
- 79 branches
- Routing number
- 071201320
- Safety and soundness
- Is Horizon Bank safe?
- Latest call report
- Q3 2026, FFIEC 041 · Horizon Bank call report
- Holding company
- HORIZON BANCORP, INC.
- Asset rank in state
- 8th of 87 in Indiana
Horizon Bank, based in Michigan City, Indiana, reported $6.6 billion in assets at September 30, 2026, down 1.9% from a year earlier. It lost 1.7% of its deposits over the year, lower than about three-quarters of the 887 banks with $1 billion to $10 billion in assets (median 4.6%). It also keeps 4.56 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.80 cents).
Loans and deposits moved in opposite directions: over the year loans rose 3.8% and deposits fell 1.7%. Unrealized losses on its securities total $95 million, equal to 14% of Tier 1 capital, against 7% a year earlier.
As of September 30, 2026, Horizon Bank reported a CET1 capital ratio of 12.96%, a return on assets of 1.92%, a nonperforming-loan ratio of 0.72% and a Texas ratio of 5.50%. The figures come from its call report filed with the FFIEC.
Of the 87 banks headquartered in Indiana, Horizon Bank is the 8th largest by total assets at Q3 2026. From Q2 2026 to Q3 2026, its total assets rose 0.3% to $6.56B, loans rose 0.9% and deposits rose 1.5%. 1-4 family residential loans made up 28.0% of its total loans on September 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 21.3%. Its 74 offices in the FDIC Summary of Deposits are in 62 cities across 2 states; its Michigan City 4 offices book 20% of its branch deposits. On its Q3 2026 call report, Horizon Bank meets every capital ratio test for well capitalized.
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)
- Domestic offices
- 79 branches
- Employees (FTE)
- 872
- Domestic deposits
- $5.56B
- Allowance for credit losses
- $52.3M
- Net charge-offs (YTD)
- $2.4M
- Average total assets
- $6.59B
- Average total loans
- $4.95B
- Average interest-bearing deposits
- $4.20B
- 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
Q3 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q3 income alone. The UBPR and FDIC annualize the year to date instead. How we compute these figures
Quarterly trends
Over the 12 quarters to Q3 2026, Horizon Bank's total assets ran between $6.41B (Q4 2025) and $7.90B (Q4 2023), and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q3 2026 with Q3 2025. How these charts are built
$6.56B total assets against $6.69B; $5.79B total liabilities against $5.95B.
$4.96B net loans and leases against $4.78B; $5.56B total deposits against $5.66B.
$857.4M securities against $883.2M; $206.6M cash and balances due against $454.5M.
$91.1M total interest income against $92.8M; $23.0M total interest expense against $31.6M.
$68.0M net interest income against $61.2M.
$11.9M total noninterest income against $3.6M; $40.6M total noninterest expense against $52.3M.
$1.3M provision for credit losses against -$3.6M.
$31.6M net income against -$219.4M.
1.92% return on assets against -11.99%; 4.56% net interest margin against 3.42%.
12.96% CET1 capital ratio against 11.74%; 10.64% tier 1 leverage ratio against 8.55%.
Inside the full Horizon Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this 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. The 200% line is a BankRegReports watch band, not a supervisory threshold; the 2006 interagency guidance level is 300%. BankRegReports early-warning band below the 300% guidance.
Horizon Bank rankings
Its closest position to the top of a national ranking is 229 of 4,193, for total assets; its furthest is 684 of 973, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q4 2024 to Q3 2026, its return on assets ran from -11.99% (Q3 2025) to 1.92% (Q3 2026) and its net interest margin ran from 3.18% (Q4 2024) to 4.56% (Q3 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q3 2026 | 12.96% | 1.92% | 0.72% | 5.50% | 4.56% |
| 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% |
Swipe the table sideways to see every column.
Branch Network
View all 74 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- Deposit market share
- 1.8% of deposits in IN, rank 17 of 129 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
- 77 loans, $37.4M approved, $486K 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).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Horizon Bank
What are Horizon Bank's total assets?
As of the Q3 2026 filing, Horizon Bank reported total assets of $6.56 billion in its FFIEC call report.
Where is Horizon Bank headquartered?
It is headquartered in Michigan City, IN, United States.
When was Horizon Bank founded?
It was established in 1873, per the FDIC institution directory.
Is Horizon Bank FDIC-insured?
Yes. It 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.
What is Horizon Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.96% in its Q3 2026 call report, above regulatory requirements.
How many branches does Horizon Bank operate?
It operates 79 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?
Its Texas Ratio is 5.50% in its Q3 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures nonperforming assets against the bank's capital and reserves.
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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