Horizon Bank, SSB in Austin, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Horizon Bank, SSB - Overview

  • General
  • FDIC Certificate #: 3256
    Status: Active
    Federal Reserve ID: 703552
    Bank Holding Company (Regulatory Top Holder): Frontier Bancshares, Inc. (RSSDID: 3412798, Location: Austin, TX)
    Date Established: January 01, 1905
    WWW: http://www.horizonbanktexas.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 2104
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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 21, 2009
    Last Structure Change Process Date: December 22, 2009
    Last Data Update: December 22, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 600 Congress Ave, Suite 400, Austin, TX 78701
    County: Travis
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Austin
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Austin-San Marcos, TX (#640)
    Combined Statistical Area (CSA): Austin-Round Rock-Marble Falls, TX (#126)
    Core Based Statistical Area (CBSA): Austin-Round Rock-San Marcos, TX (#12420)
    CBSA Metro Statistical Area: Austin-Round Rock-San Marcos, TX (#12420)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $265.4 mil
    Equity capital: $28.0 mil
    Deposits held in domestic offices: $221.2 mil
    Return on assets (ROA): 1.89% ($5.0 mil)
    Quarterly return on assets: 1.98% ($5.2 mil)
    Return on Equity (ROE): 21.14% ($5.9 mil)
    Quarterly return on equity: 19.04% ($5.3 mil)
    Net income: $4.7 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 1.89% ($5,015.8 mil)
    Quarterly Pretax return on assets: 1.98% ($5,254.6 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
  • 71Total employees (full-time equivalent)
  • $265,386Total assets
  • $33,359Cash and due from depository institutions
  • $27,121Interest-bearing balances
  • $37,542Securities
  • $205Federal funds sold & reverse repurchase agreements
  • $184,794Net loans & leases
  • $2,895Loan loss allowance
  • $0Trading account assets
  • $4,676Bank premises and fixed assets
  • $63Other real estate owned
  • $1,787Goodwill and other intangibles
  • $265,386Life insurance assets
  • $2,960All other assets
  • $237,435Total liabilities and capital
  • $221,171Total liabilities
  • $149,130Total deposits
  • $221,171Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,000Trading liabilities
  • $0Other borrowed funds
  • $264Subordinated debt
  • $27,951All other liabilities
  • $27,951Total equity capital
  • $27,951Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $19,823Surplus
  • $8,078Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,141Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $240Income earned, not collected on loans
  • $0Earning assets
  • $936Long-term assets (5+ years)
  • $249,662Average Assets, year-to-date
  • $87,608Average Assets, quarterly
  • $246,269Volatile liabilities
  • $265,344Insider loans
  • $182,690FHLB advances
  • $262,576Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,084Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,309Restructured Loans and leases
  • $588Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,505Total interest income
  • $2,036Total interest expense
  • $12,469Net interest income
  • $1,100Provision for loan and lease losses
  • $2,254Total noninterest income
  • $0Fiduciary activities
  • $1,121Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,133Additional noninterest income
  • $9,165Total noninterest expense
  • $5,059Salaries and employee benefits
  • $1,304Premises and equipment expense
  • $2,802Additional noninterest expense
  • $4,458Pre-tax net operating income
  • $203Securities gains (losses)
  • $0Applicable income taxes
  • $4,661Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,661Net income attributable to bank
  • $0Net charge-offs
  • $4,661Cash dividends
  • $629Sale, conversion, retirement of capital stock, net
  • $2,100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.21%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 5.34%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 3.92%Noninterest expense to earning assets
  • 1.81%Net operating income to assets
  • 1.89%Return on assets (ROA)
  • 1.89%Pretax return on assets
  • 21.14%Return on equity (ROE)
  • 11.61%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 174.88%Credit loss provision to net charge-offs
  • 8.84%Efficiency ratio
  • 62,202Assets per employee
  • 3.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.05%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 1206.25%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 83.55%Net loans and leases to core deposits
  • 90.76%Equity capital to assets
  • 10.53%Core capital (leverage) ratio
  • 9.93%Tier 1 risk-based capital ratio
  • 14.28%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $246,269Average earning assets
  • $22,050Average equity
  • $233,585Average loans

List of branches

  • 4 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02104Horizon Bank, Ssb600 Congress Ave, Suite 400, Austin, TX 78701January 01, 1905Full Service Brick and Mortar
    1460991Holland Branch200 W Travis, Holland, TX 76534March 05, 2007Full Service Brick and Mortar
    3463718Messenger Service522 Congress Ave, Austin, TX 78701April 02, 2007Limited Service Messenger
    4471089Salado Branch815 North Stagecoach Road, Salado, TX 76571September 21, 2007Full Service Brick and Mortar

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