Horicon Bank in Horicon, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Horicon Bank - Overview

  • General
  • FDIC Certificate #: 11236
    Status: Active
    Federal Reserve ID: 528849
    Bank Holding Company (Regulatory Top Holder): Sword Financial Corporation (RSSDID: 1202883, Location: Horicon, WI)
    Date Established: September 07, 1896
    WWW: http://www.horiconbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Domestic: 15, Interstate: No)
    OTS Docket #: 11580
    FDIC's unique #: 7169
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 31, 2010
    Last Structure Change Process Date: September 21, 2011
    Last Data Update: September 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 326 East Lake Street, Horicon, WI 53032
    County: Dodge
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Milwaukee
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): Fond du Lac-Beaver Dam, WI (#252)
    Core Based Statistical Area (CBSA): Beaver Dam, WI (#13180)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $506.5 mil
    Equity capital: $59.7 mil
    Deposits held in domestic offices: $440.0 mil
    Return on assets (ROA): 1.31% ($6.6 mil)
    Quarterly return on assets: 1.15% ($5.8 mil)
    Return on Equity (ROE): 11.73% ($7.0 mil)
    Quarterly return on equity: 9.70% ($5.8 mil)
    Net income: $6.7 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.32% ($6,685.5 mil)
    Quarterly Pretax return on assets: 1.15% ($5,824.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 126Total employees (full-time equivalent)
  • $506,476Total assets
  • $11,281Cash and due from depository institutions
  • $1,807Interest-bearing balances
  • $18,258Securities
  • $10,129Federal funds sold & reverse repurchase agreements
  • $441,757Net loans & leases
  • $9,513Loan loss allowance
  • $0Trading account assets
  • $9,183Bank premises and fixed assets
  • $6,862Other real estate owned
  • $1,703Goodwill and other intangibles
  • $506,476Life insurance assets
  • $7,303All other assets
  • $446,757Total liabilities and capital
  • $440,042Total liabilities
  • $373,000Total deposits
  • $440,042Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,740Trading liabilities
  • $0Other borrowed funds
  • $3,975Subordinated debt
  • $59,719All other liabilities
  • $59,719Total equity capital
  • $59,719Total bank equity capital
  • $0Perpetual preferred stock
  • $260Common stock
  • $29,334Surplus
  • $30,125Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,530Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,829Income earned, not collected on loans
  • $16Earning assets
  • $2,101Long-term assets (5+ years)
  • $471,951Average Assets, year-to-date
  • $43,978Average Assets, quarterly
  • $508,115Volatile liabilities
  • $505,172Insider loans
  • $456,066FHLB advances
  • $503,536Loans and leases held for sale
  • $100Unused loan commitments
  • $100Tier 1 (core) risk-based capital
  • $58,362Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $53,344Restructured Loans and leases
  • $10,205Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,319Total interest income
  • $3,437Total interest expense
  • $23,882Net interest income
  • $4,651Provision for loan and lease losses
  • $2,785Total noninterest income
  • $0Fiduciary activities
  • $963Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,822Additional noninterest income
  • $15,444Total noninterest expense
  • $7,695Salaries and employee benefits
  • $2,024Premises and equipment expense
  • $5,725Additional noninterest expense
  • $6,572Pre-tax net operating income
  • $119Securities gains (losses)
  • $11Applicable income taxes
  • $6,680Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,680Net income attributable to bank
  • $0Net charge-offs
  • $6,680Cash dividends
  • $4,864Sale, conversion, retirement of capital stock, net
  • $4,438Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.75%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 5.03%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 3.25%Noninterest expense to earning assets
  • 1.29%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 11.73%Return on equity (ROE)
  • 3.94%Retained earnings to average equity (YTD only)
  • 1.05%Net charge-offs to loans
  • 95.62%Credit loss provision to net charge-offs
  • 2.31%Efficiency ratio
  • 57,543Assets per employee
  • 4.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.44%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 74.15%Noncurrent assets plus other real estate owned to assets
  • 3.89%Noncurrent loans to loans
  • 2.84%Net loans and leases to deposits
  • 100.39%Net loans and leases to core deposits
  • 108.05%Equity capital to assets
  • 11.79%Core capital (leverage) ratio
  • 11.59%Tier 1 risk-based capital ratio
  • 12.80%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $508,115Average earning assets
  • $56,968Average equity
  • $475,181Average loans

List of branches

  • 15 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07169Horicon Bank326 East Lake Street, Horicon, WI 53032September 07, 1896Full Service Brick and Mortar
    17425Iron Ridge Branch156 South Main Street, Iron Ridge, WI 53035January 01, 1905Full Service Brick and Mortar
    2225247Neosho Branch226 Schuyler Street, Neosho, WI 53059July 09, 1932Full Service Brick and Mortar
    35779Burnett BranchW6176 Main Street, Burnett, WI 53922January 01, 1910Full Service Brick and Mortar
    4224164Beaver Dam Branch105 Industrial Drive, Beaver Dam, WI 53916August 20, 1990Full Service Brick and Mortar
    5233310Appleton Branch100 East Midway Road, Appleton, WI 54915January 10, 1994Full Service Brick and Mortar
    6233311Ripon Branch400 Watson Street, Ripon, WI 54971July 12, 1994Full Service Brick and Mortar
    7224165West Bend Branch1535 West Paradise Drive, West Bend, WI 53095June 16, 1999Full Service Brick and Mortar
    8428769Spring Street Branch609 North Spring Street, Beaver Dam, WI 53916March 29, 2004Full Service Retail
    9444378Fond Du Lac Branch854 East Johnson Street, Fond Du Lac, WI 54935September 12, 2005Full Service Brick and Mortar
    10452410Charleston House Facility104 Fakes Court, Beaver Dam, WI 53916July 06, 2006Limited Service Mobile
    11474044Oshkosh Branch1821 Witzel Avenue, Oshkosh, WI 54904April 28, 2008Full Service Brick and Mortar
    12445684Ripon Branch1188 West Fond Du Lac Street, Ripon, WI 54971November 21, 2005Full Service Retail
    13424623Mayville Branch1440 Horicon Street, Mayville, WI 53050November 10, 2003Full Service Retail
    16267210Beaver Dam Branch810 Park Avenue, Beaver Dam, WI 53916May 28, 1999Full Service Retail

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