Horizon Bank in Bradenton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 10, 2010

  • Horizon Bank in Bradenton, Florida (FL)
  • Show street view No street view available for this location

Horizon Bank - Overview

  • General
  • FDIC Certificate #: 35061
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Bank of the Ozarks (#110)
    Federal Reserve ID: 2738857
    Date Established: October 25, 1999
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 74365
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 25, 1999
    Last Structure Change Effective Date: September 10, 2010
    Last Structure Change Process Date: September 14, 2010
    Last Data Update: September 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 900 53rd Avenue East, Bradenton, FL 34203
    County: Manatee
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • Financial Summary
  • Total assets: $187.8 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, 2009)

  • Dollar figures in thousands
  • 42Total employees (full-time equivalent)
  • $199,331Total assets
  • $9,719Cash and due from depository institutions
  • $6,694Interest-bearing balances
  • $22,685Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $152,390Net loans & leases
  • $4,731Loan loss allowance
  • $0Trading account assets
  • $3,699Bank premises and fixed assets
  • $2,580Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $8,258All other assets
  • $199,331Total liabilities and capital
  • $192,626Total liabilities
  • $174,577Total deposits
  • $164,890Interest-bearing deposits
  • $174,577Deposits held in domestic offices
  • 93.20%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $18,000Other borrowed funds
  • $0Subordinated debt
  • $49All other liabilities
  • $6,705Total equity capital
  • $6,705Total bank equity capital
  • $6,705Perpetual preferred stock
  • $0Common stock
  • $2,640Surplus
  • $6,883Undivided profits
  • Memoranda
  • $-2,818Noncurrent loans and leases
  • $4,779Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $15,685Earning assets
  • $0Long-term assets (5+ years)
  • $1,146Average Assets, year-to-date
  • $181,769Average Assets, quarterly
  • $44,017Volatile liabilities
  • $208,932Insider loans
  • $203,579FHLB advances
  • $25,907Loans and leases held for sale
  • $7,935Unused loan commitments
  • $18,000Tier 1 (core) risk-based capital
  • $20,000Tier 2 risk-based capital
  • $1,262Total risk weighted assets
  • $4,779Total unused commitments
  • $0Restructured Loans and leases
  • $1,876Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $11,753Total interest income
  • $5,729Total interest expense
  • $6,024Net interest income
  • $11,197Provision for loan and lease losses
  • $1,228Total noninterest income
  • $0Fiduciary activities
  • $76Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,152Additional noninterest income
  • $5,575Total noninterest expense
  • $2,387Salaries and employee benefits
  • $949Premises and equipment expense
  • $2,239Additional noninterest expense
  • -$9,520Pre-tax net operating income
  • -$2,095Securities gains (losses)
  • -$3,582Applicable income taxes
  • -$8,033Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,033Net income attributable to bank
  • $0Net charge-offs
  • -$8,033Cash dividends
  • $7,969Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.03%Yield on earning assets
  • 2.94%Cost of funding earning assets
  • 3.09%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • -3.15%Net operating income to assets
  • -3.84%Return on assets (ROA)
  • -5.56%Pretax return on assets
  • -79.31%Return on equity (ROE)
  • -79.31%Retained earnings to average equity (YTD only)
  • 4.80%Net charge-offs to loans
  • 140.51%Credit loss provision to net charge-offs
  • 0.21%Efficiency ratio
  • 76,875Assets per employee
  • 4.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.01%Loss allowance to noncurrent loans
  • 30.16%Noncurrent assets plus other real estate owned to assets
  • 9.16%Noncurrent loans to loans
  • 9.98%Net loans and leases to deposits
  • 87.29%Net loans and leases to core deposits
  • 102.50%Equity capital to assets
  • 3.36%Core capital (leverage) ratio
  • 2.62%Tier 1 risk-based capital ratio
  • 3.64%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $208,932Average earning assets
  • $10,129Average equity
  • $195,062Average loans

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