Horizon Bank in Fyffe, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Horizon Bank - Overview

  • General
  • FDIC Certificate #: 20972
    Status: Active
    Federal Reserve ID: 384335
    Date Established: Febuary 23, 1973
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 14484
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: Febuary 23, 1973
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1167 Main St, Fyffe, AL 35971
    County: De Kalb
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Fort Payne, AL (#22840)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $95.0 mil
    Equity capital: $14.7 mil
    Deposits held in domestic offices: $76.9 mil
    Return on assets (ROA): 1.29% ($1.2 mil)
    Quarterly return on assets: 0.09% ($0.1 mil)
    Return on Equity (ROE): 8.48% ($1.3 mil)
    Quarterly return on equity: 0.58% ($0.1 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 1.71% ($1,624.4 mil)
    Quarterly Pretax return on assets: 0.52% ($494.0 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
  • 27Total employees (full-time equivalent)
  • $94,993Total assets
  • $6,169Cash and due from depository institutions
  • $0Interest-bearing balances
  • $6,998Securities
  • $7,165Federal funds sold & reverse repurchase agreements
  • $62,023Net loans & leases
  • $965Loan loss allowance
  • $0Trading account assets
  • $575Bank premises and fixed assets
  • $515Other real estate owned
  • $0Goodwill and other intangibles
  • $94,993Life insurance assets
  • $11,548All other assets
  • $80,265Total liabilities and capital
  • $76,855Total liabilities
  • $52,037Total deposits
  • $76,855Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,410Subordinated debt
  • $14,728All other liabilities
  • $14,728Total equity capital
  • $14,728Total bank equity capital
  • $0Perpetual preferred stock
  • $35Common stock
  • $2,107Surplus
  • $12,586Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,148Income earned, not collected on loans
  • $0Earning assets
  • $508Long-term assets (5+ years)
  • $76,186Average Assets, year-to-date
  • $3,417Average Assets, quarterly
  • $97,013Volatile liabilities
  • $96,305Insider loans
  • $67,097FHLB advances
  • $97,137Loans and leases held for sale
  • $9,514Unused loan commitments
  • $4,201Tier 1 (core) risk-based capital
  • $14,729Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,313Total unused commitments
  • $1,333Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,237Total interest income
  • $631Total interest expense
  • $3,606Net interest income
  • $346Provision for loan and lease losses
  • $1,005Total noninterest income
  • $0Fiduciary activities
  • $441Service charges on deposit accounts
  • $0Trading account gains & fees
  • $564Additional noninterest income
  • $2,608Total noninterest expense
  • $1,425Salaries and employee benefits
  • $206Premises and equipment expense
  • $977Additional noninterest expense
  • $1,657Pre-tax net operating income
  • $0Securities gains (losses)
  • $407Applicable income taxes
  • $1,250Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,250Net income attributable to bank
  • $0Net charge-offs
  • $1,250Cash dividends
  • $405Sale, conversion, retirement of capital stock, net
  • $695Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.57%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 1.29%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 1.71%Pretax return on assets
  • 8.48%Return on equity (ROE)
  • 3.77%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 85.43%Credit loss provision to net charge-offs
  • 4.95%Efficiency ratio
  • 56,560Assets per employee
  • 3.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.60%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 30.65%Noncurrent assets plus other real estate owned to assets
  • 3.86%Noncurrent loans to loans
  • 5.00%Net loans and leases to deposits
  • 80.70%Net loans and leases to core deposits
  • 84.50%Equity capital to assets
  • 15.50%Core capital (leverage) ratio
  • 15.16%Tier 1 risk-based capital ratio
  • 21.95%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $97,013Average earning assets
  • $14,738Average equity
  • $78,826Average loans

List of branches

  • 3 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014484Horizon Bank1167 Main St, Fyffe, AL 35971Febuary 23, 1973Full Service Brick and Mortar
    116865Powell Branch3736 Main Saint Powell, Fyffe, AL 35971January 04, 1983Full Service Brick and Mortar
    2251977Sylvania BranchMain Street, Sylvania, AL 35988August 05, 1994Full Service Brick and Mortar

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