Horizon Community Bank in Lake Havasu City, Arizona (AZ)
| Horizon Community Bank | |
|---|---|
| General | FDIC Certificate #: 57411 Status: Active Federal Reserve ID: 3154780 Bank Holding Company (Regulatory Top Holder): Horizon Bancorp, Inc. (RSSDID: 3382985, Location: Lake Havasu City, AZ) Date Established: December 09, 2002 WWW: http://www.horizoncommunitybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Domestic: 4, Interstate: No) FDIC's unique #: 363289 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: December 09, 2002 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 225 North Lake Havasu Avenue, Lake Havasu City, AZ 86403 County: Mohave Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Phoenix Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Las Vegas, NV-AZ (#4120) Core Based Statistical Area (CBSA): Lake Havasu City-Kingman, AZ (#29420) CBSA Metro Statistical Area: Lake Havasu City-Kingman, AZ (#29420) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $156.3 mil Equity capital: $12.8 mil Deposits held in domestic offices: $141.5 mil Return on assets (ROA): -0.67% (-$1.0 mil) Quarterly return on assets: -0.73% (-$1.1 mil) Return on Equity (ROE): -8.01% (-$1.0 mil) Quarterly return on equity: -8.87% (-$1.2 mil) Net income: -$1.1 mil Quarterly Net income: -$0.3 mil Pretax return on assets: -0.67% (-$1,047.0 mil) Quarterly Pretax return on assets: -0.73% (-$1,140.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 45 |
| Total assets | $156,269 |
| Cash and due from depository institutions | $26,542 |
| Interest-bearing balances | $23,131 |
| Securities | $12,568 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $99,782 |
| Loan loss allowance | $2,111 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,667 |
| Other real estate owned | $7,009 |
| Goodwill and other intangibles | $0 |
| All other assets | $5,701 |
| Life insurance assets | $156,269 |
| Total liabilities and capital | $143,518 |
| Total liabilities | $141,538 |
| Total deposits | $115,565 |
| Interest-bearing deposits | $141,538 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 1271.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $709 |
| All other liabilities | $12,751 |
| Total equity capital | $12,751 |
| Total bank equity capital | $12,751 |
| Perpetual preferred stock | $0 |
| Common stock | $22,068 |
| Surplus | $0 |
| Undivided profits | $-9,317 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $4,192 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $369 |
| Average Assets, year-to-date | $135,481 |
| Average Assets, quarterly | $15,565 |
| Volatile liabilities | $156,248 |
| Insider loans | $155,702 |
| FHLB advances | $115,765 |
| Loans and leases held for sale | $155,713 |
| Unused loan commitments | $3,430 |
| Tier 1 (core) risk-based capital | $3,430 |
| Tier 2 risk-based capital | $12,553 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $8,769 |
| Derivatives | $2,862 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $6,059 |
| Total interest expense | $1,388 |
| Net interest income | $4,671 |
| Provision for loan and lease losses | $1,452 |
| Total noninterest income | $1,686 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $545 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,141 |
| Total noninterest expense | $5,955 |
| Salaries and employee benefits | $2,433 |
| Premises and equipment expense | $763 |
| Additional noninterest expense | $2,759 |
| Pre-tax net operating income | -$1,050 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$1,050 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$1,050 |
| Net charge-offs | $0 |
| Cash dividends | -$1,050 |
| Sale, conversion, retirement of capital stock, net | $2,036 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.48% |
| Cost of funding earning assets | 1.03% |
| Net interest margin | 3.45% |
| Noninterest income to earning assets | 1.25% |
| Noninterest expense to earning assets | 4.40% |
| Net operating income to assets | -0.67% |
| Return on assets (ROA) | -0.67% |
| Pretax return on assets | -0.67% |
| Return on equity (ROE) | -8.01% |
| Retained earnings to average equity (YTD only) | -8.01% |
| Net charge-offs to loans | 2.11% |
| Credit loss provision to net charge-offs | 71.32% |
| Efficiency ratio | 0.20% |
| Assets per employee | $93,676 |
| Cash dividends to net income (YTD only) | 3.47% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.07% |
| Noncurrent assets plus other real estate owned to assets | 50.36% |
| Noncurrent loans to loans | 7.17% |
| Net loans and leases to deposits | 4.11% |
| Net loans and leases to core deposits | 70.50% |
| Equity capital to assets | 76.07% |
| Core capital (leverage) ratio | 8.16% |
| Tier 1 risk-based capital ratio | 8.06% |
| Total risk-based capital ratio | 10.84% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $156,248 |
| Average equity | $13,115 |
| Average loans | $135,209 |
| 4 Arizona Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 363289 | Horizon Community Bank | 225 North Lake Havasu Avenue, Lake Havasu City, AZ 86403 | December 09, 2002 | Full Service Brick and Mortar |  |
| 1 | 430140 | Parker Branch | 1017 California Avenue, Parker, AZ 85344 | October 27, 2003 | Full Service Brick and Mortar |  |
| 2 | 444343 | Quartzsite Branch | 225 N. Central Boulevard, Quartzsite, AZ 85346 | September 06, 2005 | Full Service Brick and Mortar | |
| 3 | 460103 | Ft. Mohave Office | 5858 S. Highway 95, Mohave Valley, AZ 86440 | Febuary 26, 2007 | Full Service Brick and Mortar | |
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