Horizon Bank in Oskaloosa, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 06, 2008

  • Horizon Bank in Oskaloosa, Iowa (IA)
  • Show street view No street view available for this location

Horizon Bank - Overview

  • General
  • FDIC Certificate #: 27776
    Status: Inactive
    Federal Reserve ID: 628271
    Date Established: January 01, 1919
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 260
    FDIC's unique #: 40610
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: June 09, 1958
    Last Structure Change Effective Date: August 06, 2008
    Last Structure Change Process Date: August 14, 2008
    Last Data Update: August 14, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 First Ave East, Oskaloosa, IA 52577
    County: Mahaska
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Oskaloosa, IA (#36820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Other Liquidations and Closings
  • Financial Summary
  • Total assets: $2.0 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, 2007)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $103,655Total assets
  • $1,991Cash and due from depository institutions
  • $1,178Interest-bearing balances
  • $5,129Securities
  • $3,523Federal funds sold & reverse repurchase agreements
  • $87,105Net loans & leases
  • $4,975Loan loss allowance
  • $0Trading account assets
  • $3,424Bank premises and fixed assets
  • $501Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,982All other assets
  • $103,655Total liabilities and capital
  • $99,461Total liabilities
  • $92,059Total deposits
  • $86,195Interest-bearing deposits
  • $92,059Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,000Other borrowed funds
  • $0Subordinated debt
  • $402All other liabilities
  • $4,194Total equity capital
  • $4,194Total bank equity capital
  • $4,194Perpetual preferred stock
  • $0Common stock
  • $3Surplus
  • $3,487Undivided profits
  • Memoranda
  • $704Noncurrent loans and leases
  • $4,140Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $14,048Earning assets
  • $0Long-term assets (5+ years)
  • $636Average Assets, year-to-date
  • $96,935Average Assets, quarterly
  • $0Volatile liabilities
  • $119,386Insider loans
  • $107,993FHLB advances
  • $18,999Loans and leases held for sale
  • $72Unused loan commitments
  • $7,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,140Total unused commitments
  • $1,881Restructured Loans and leases
  • $1,065Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $7,443Total interest income
  • $4,179Total interest expense
  • $3,264Net interest income
  • $4,396Provision for loan and lease losses
  • $864Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $864Additional noninterest income
  • $5,930Total noninterest expense
  • $1,960Salaries and employee benefits
  • $1,189Premises and equipment expense
  • $2,781Additional noninterest expense
  • -$6,198Pre-tax net operating income
  • $32Securities gains (losses)
  • $65Applicable income taxes
  • -$6,231Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,231Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,260Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.64%Yield on earning assets
  • 3.73%Cost of funding earning assets
  • 2.91%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 5.29%Noninterest expense to earning assets
  • -5.25%Net operating income to assets
  • -5.22%Return on assets (ROA)
  • -5.16%Pretax return on assets
  • -102.19%Return on equity (ROE)
  • -102.19%Retained earnings to average equity (YTD only)
  • 1.18%Net charge-offs to loans
  • 348.89%Credit loss provision to net charge-offs
  • -1.43%Efficiency ratio
  • 143,653Assets per employee
  • 3.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.40%Loss allowance to noncurrent loans
  • 35.41%Noncurrent assets plus other real estate owned to assets
  • 14.04%Noncurrent loans to loans
  • 15.26%Net loans and leases to deposits
  • 94.62%Net loans and leases to core deposits
  • 108.80%Equity capital to assets
  • 4.05%Core capital (leverage) ratio
  • 4.07%Tier 1 risk-based capital ratio
  • 5.19%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $119,386Average earning assets
  • $6,098Average equity
  • $112,024Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Horizon Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents