Horizon Bank and Trust in Concord, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 16, 1995

Horizon Bank and Trust in Concord, New Hampshire (NH)
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Horizon Bank and Trust - Overview

General
FDIC Certificate #: 27441
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Primary Bank (#18016)
Federal Reserve ID: 1358687
Date Established: January 30, 1989
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 9603
FDIC's unique #: 39935
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 30, 1989
Last Structure Change Effective Date: April 16, 1995
Last Structure Change Process Date: April 25, 1995
Last Data Update: April 25, 1995
Data Source Date: April 05, 2012
Location
Address: 195-197 Loudon Road, Concord, NH 3302
County: Merrimack
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Concord
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
Core Based Statistical Area (CBSA): Concord, NH (#18180)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $49.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$28Total assets
$50,098Cash and due from depository institutions
$1,766Interest-bearing balances
$10Securities
$8,715Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$38,075Loan loss allowance
$740Trading account assets
$0Bank premises and fixed assets
$723Other real estate owned
$93Goodwill and other intangibles
$726Life insurance assets
$0All other assets
$0Total liabilities and capital
$50,098Total liabilities
$45,955Total deposits
$45,558Interest-bearing deposits
$38,368Deposits held in domestic offices
45558.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$100Subordinated debt
$0All other liabilities
$297Total equity capital
$297Total bank equity capital
$4,143Perpetual preferred stock
$0Common stock
$111Surplus
$6,571Undivided profits
Memoranda
$-2,539Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$884Income earned, not collected on loans
$261Earning assets
$46,800Long-term assets (5+ years)
$7,119Average Assets, year-to-date
$50,305Average Assets, quarterly
$50,383Volatile liabilities
$522Insider loans
$1,885FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,415Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,154Total risk weighted assets
$40,884Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,945Total interest expense
$1,152Net interest income
$2,793Provision for loan and lease losses
$175Total noninterest income
$472Fiduciary activities
$0Service charges on deposit accounts
$288Trading account gains & fees
$0Additional noninterest income
$184Total noninterest expense
$2,713Salaries and employee benefits
$1,085Premises and equipment expense
$412Additional noninterest expense
$1,216Pre-tax net operating income
$377Securities gains (losses)
-$14Applicable income taxes
-$140Income before extraordinary items
$503Extraordinary gains - net
$0Net income attributable to bank
$503Net charge-offs
$281Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.39%Cost of funding earning assets
2.45%Net interest margin
5.94%Noninterest income to earning assets
1.00%Noninterest expense to earning assets
5.77%Net operating income to assets
1.03%Return on assets (ROA)
1.00%Pretax return on assets
0.72%Return on equity (ROE)
12.82%Retained earnings to average equity (YTD only)
12.82%Net charge-offs to loans
0.77%Credit loss provision to net charge-offs
62.28%Efficiency ratio
83,093Assets per employee
1.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.91%Loss allowance to noncurrent loans
83.71%Noncurrent assets plus other real estate owned to assets
1.95%Noncurrent loans to loans
2.28%Net loans and leases to deposits
83.57%Net loans and leases to core deposits
84.36%Equity capital to assets
8.27%Core capital (leverage) ratio
8.18%Tier 1 risk-based capital ratio
10.16%Total risk-based capital ratio
Memoranda
$11Average assets
$50,305Average earning assets
$3,924Average equity
$47,046Average loans

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