United States

Profile: Horizon Bancorp (HBNC.O)

HBNC.O on Nasdaq

29 Apr 2016
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Horizon Bancorp, incorporated on April 26, 1983, is a bank holding company. The Company provides a range of banking services in Northwestern and Central Indiana and Southwestern Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank), and other affiliated entities, and Horizon Risk Management, Inc. The Company operates through commercial banking segment. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management, Inc. is a captive insurance company. The Bank maintains approximately 50 full service offices.

Lending Activities

The Bank's loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans. The Bank's total loans amount to approximately $1,734.6 million.

Investment Activities

The Bank's investment securities include both securities available for sale and held to maturity. The Bank's investment securities consist of the United States treasury and federal agencies, state and municipal, federal agency collateralized mortgage obligations, federal agency mortgage-backed pools, private labeled mortgage-backed pools and corporate notes. The Bank's total investment securities amount to approximately $631.7 million.

Source of Funds

The deposits include noninterest-bearing demand deposits, interest-bearing demand deposits, savings deposits, money market deposits and time deposits. The Bank's total deposits amount to approximately $1,880.153 million.

Subsidiaries Activities

The Bank's direct and indirect subsidiaries include Horizon Investments, Inc. (Horizon Investments), Horizon Properties, Inc. (Horizon Properties), Horizon Insurance Services, Inc. (Horizon Insurance) and Horizon Grantor Trust. Horizon Investments manages the investment portfolio of the Bank. Horizon Properties manages the real estate investment trust. Horizon Insurance is used by the Company's Wealth Management to sell certain insurance products. Horizon Grantor Trust holds title to certain Company-owned life insurance policies. The Bank also provides pooled trust preferred securities offerings through Horizon Bancorp Capital Trust II and Horizon Bancorp Capital Trust III.

Company Address

Horizon Bancorp

515 Franklin St
MICHIGAN CITY   IN   46360-3328
P: +1219.8790211
F: +1219.8749280

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