PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Horizon Trust and Investment Management, National Association

Michigan City, IN · Cert 34376

FDIC

Q2 2009

$4.3MAssets
n/aLoans
n/aDeposits
$4.2MEquity

Executive Summary

  • Earnings: ROA of 20.33%, down 1,078 bps year over year; NIM at 1.73%.

Return on Assets (quarter, annualized)

20.33%-1,078 bps YoY

Net Interest Margin (quarter, annualized)

1.73%+11 bps YoY

Efficiency Ratio (quarter, annualized)

59.03%-103 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

2.41%Q2 ’071.62%Q2 ’081.73%Q2 ’09-33%+7%

Non-interest income vs. expense

105.58%Q2 ’0777.55%Q2 ’0847.87%Q2 ’09+32%+37%

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets41.71%40.35%30.18%31.10%28.05%24.12%23.77%20.33%-1,078 bps
Return on Equity41.91%40.68%30.39%31.29%28.28%24.31%23.97%20.49%-1,080 bps
Net Interest Margin2.22%2.06%1.62%1.62%1.39%1.09%0.80%1.73%+11 bps
Efficiency Ratio53.98%53.04%58.69%60.06%56.77%59.23%58.27%59.03%-103 bps
Non-Interest Burden-82.82%-64.95%-48.37%-49.95%-44.84%-39.01%-38.02%-31.50%+1,846 bps
Growth
Asset Growth (YoY)52.16%49.37%48.17%44.56%39.11%32.36%31.76%27.73%-1,682 bps
Loan Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Deposit Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital175.24%160.76%155.68%147.56%142.52%141.65%532%132.54%-1,502 bps
Equity / Assets99.53%98.88%99.67%99.16%99.19%99.24%99.11%99.27%+11 bps
Liquidity & Funding
Loans / Depositsn/an/an/an/an/an/an/an/an/an/a
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%64.49%66.17%+6,617 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a