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- Banks in Massachusetts (MA)
- Horizon Bank and Trust Company
Horizon Bank and Trust Company in Braintree, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of Febuary 19, 2004
- Horizon Bank and Trust Company in Braintree, Massachusetts (MA)
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Horizon Bank and Trust Company - Overview
- General
- FDIC Certificate #: 34674
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: South Shore Savings Bank (#90303)
Federal Reserve ID: 2701833
Date Established: June 15, 1998
WWW: http://www.bankhorizon.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 61126
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: June 15, 1998
Last Structure Change Effective Date: Febuary 19, 2004
Last Structure Change Process Date: March 10, 2004
Last Data Update: March 10, 2004
Data Source Date: April 05, 2012 - Location
- Address: 501 John Mahar Highway, Braintree, MA 2184
County: Norfolk
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: South Boston
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
Core Based Statistical Division: Boston-Quincy, MA (#14484) - Financial Summary
- Total assets: $131.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
- Dollar figures in thousands
- 19Total employees (full-time equivalent)
- $131,231Total assets
- $4,214Cash and due from depository institutions
- $56Interest-bearing balances
- $12,943Securities
- $2,053Federal funds sold & reverse repurchase agreements
- $109,957Net loans & leases
- $1,750Loan loss allowance
- $0Trading account assets
- $196Bank premises and fixed assets
- $0Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $1,868All other assets
- $131,231Total liabilities and capital
- $117,854Total liabilities
- $103,163Total deposits
- $87,092Interest-bearing deposits
- $103,163Deposits held in domestic offices
- 0.00%% insured (estimated)
- $1,001Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $13,250Other borrowed funds
- $0Subordinated debt
- $440All other liabilities
- $13,377Total equity capital
- $13,377Total bank equity capital
- $13,377Perpetual preferred stock
- $0Common stock
- $1,146Surplus
- $9,244Undivided profits
- Memoranda
- $2,987Noncurrent loans and leases
- $21,740Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $307Earning assets
- $0Long-term assets (5+ years)
- $439Average Assets, year-to-date
- $125,009Average Assets, quarterly
- $15,277Volatile liabilities
- $126,968Insider loans
- $129,095FHLB advances
- $19,868Loans and leases held for sale
- $1,769Unused loan commitments
- $13,250Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $21,740Total unused commitments
- $0Restructured Loans and leases
- $1,466Derivatives
Income and Expense (December 31, 2003)
- Dollar figures in thousands
- $7,681Total interest income
- $3,054Total interest expense
- $4,627Net interest income
- $264Provision for loan and lease losses
- $347Total noninterest income
- $0Fiduciary activities
- $329Service charges on deposit accounts
- $0Trading account gains & fees
- $18Additional noninterest income
- $2,833Total noninterest expense
- $1,530Salaries and employee benefits
- $238Premises and equipment expense
- $1,065Additional noninterest expense
- $1,877Pre-tax net operating income
- $197Securities gains (losses)
- $870Applicable income taxes
- $1,204Income before extraordinary items
- $0Extraordinary gains - net
- $1,204Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $0Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2003)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 6.28%Yield on earning assets
- 2.50%Cost of funding earning assets
- 3.78%Net interest margin
- 0.28%Noninterest income to earning assets
- 2.32%Noninterest expense to earning assets
- 0.85%Net operating income to assets
- 0.95%Return on assets (ROA)
- 1.63%Pretax return on assets
- 9.54%Return on equity (ROE)
- 9.54%Retained earnings to average equity (YTD only)
- 0.00%Net charge-offs to loans
- 0.00%Credit loss provision to net charge-offs
- 0.00%Efficiency ratio
- 56,956Assets per employee
- 6.91%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 1.57%Loss allowance to noncurrent loans
- 570.03%Noncurrent assets plus other real estate owned to assets
- 0.23%Noncurrent loans to loans
- 0.27%Net loans and leases to deposits
- 106.59%Net loans and leases to core deposits
- 126.32%Equity capital to assets
- 10.19%Core capital (leverage) ratio
- 10.27%Tier 1 risk-based capital ratio
- 11.32%Total risk-based capital ratio
- Memoranda
- $13Average assets
- $126,968Average earning assets
- $12,616Average equity
- $122,334Average loans
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- Banks in Massachusetts (MA)
- Horizon Bank and Trust Company
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