Horizon Community Bank in Lake Havasu City, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Horizon Community Bank in Lake Havasu City, Arizona (AZ)
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Horizon Community Bank - Overview

  • 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)

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
  • 45Total employees (full-time equivalent)
  • $156,269Total assets
  • $26,542Cash and due from depository institutions
  • $23,131Interest-bearing balances
  • $12,568Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $99,782Net loans & leases
  • $2,111Loan loss allowance
  • $0Trading account assets
  • $4,667Bank premises and fixed assets
  • $7,009Other real estate owned
  • $0Goodwill and other intangibles
  • $156,269Life insurance assets
  • $5,701All other assets
  • $143,518Total liabilities and capital
  • $141,538Total liabilities
  • $115,565Total deposits
  • $141,538Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 1271.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $709Subordinated debt
  • $12,751All other liabilities
  • $12,751Total equity capital
  • $12,751Total bank equity capital
  • $0Perpetual preferred stock
  • $22,068Common stock
  • $0Surplus
  • $-9,317Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,192Income earned, not collected on loans
  • $0Earning assets
  • $369Long-term assets (5+ years)
  • $135,481Average Assets, year-to-date
  • $15,565Average Assets, quarterly
  • $156,248Volatile liabilities
  • $155,702Insider loans
  • $115,765FHLB advances
  • $155,713Loans and leases held for sale
  • $3,430Unused loan commitments
  • $3,430Tier 1 (core) risk-based capital
  • $12,553Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,769Restructured Loans and leases
  • $2,862Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,059Total interest income
  • $1,388Total interest expense
  • $4,671Net interest income
  • $1,452Provision for loan and lease losses
  • $1,686Total noninterest income
  • $0Fiduciary activities
  • $545Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,141Additional noninterest income
  • $5,955Total noninterest expense
  • $2,433Salaries and employee benefits
  • $763Premises and equipment expense
  • $2,759Additional noninterest expense
  • -$1,050Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$1,050Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,050Net income attributable to bank
  • $0Net charge-offs
  • -$1,050Cash dividends
  • $2,036Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.48%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 3.45%Net interest margin
  • 1.25%Noninterest income to earning assets
  • 4.40%Noninterest expense to earning assets
  • -0.67%Net operating income to assets
  • -0.67%Return on assets (ROA)
  • -0.67%Pretax return on assets
  • -8.01%Return on equity (ROE)
  • -8.01%Retained earnings to average equity (YTD only)
  • 2.11%Net charge-offs to loans
  • 71.32%Credit loss provision to net charge-offs
  • 0.20%Efficiency ratio
  • 93,676Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 50.36%Noncurrent assets plus other real estate owned to assets
  • 7.17%Noncurrent loans to loans
  • 4.11%Net loans and leases to deposits
  • 70.50%Net loans and leases to core deposits
  • 76.07%Equity capital to assets
  • 8.16%Core capital (leverage) ratio
  • 8.06%Tier 1 risk-based capital ratio
  • 10.84%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $156,248Average earning assets
  • $13,115Average equity
  • $135,209Average loans

List of branches

  • 4 Arizona Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0363289Horizon Community Bank225 North Lake Havasu Avenue, Lake Havasu City, AZ 86403December 09, 2002Full Service Brick and Mortar
    1430140Parker Branch1017 California Avenue, Parker, AZ 85344October 27, 2003Full Service Brick and Mortar
    2444343Quartzsite Branch225 N. Central Boulevard, Quartzsite, AZ 85346September 06, 2005Full Service Brick and Mortar
    3460103Ft. Mohave Office5858 S. Highway 95, Mohave Valley, AZ 86440Febuary 26, 2007Full Service Brick and Mortar

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