PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Horizon Bank and Trust Company

Braintree, MA · Cert 34674

FDIC

Q4 2003

$131.2MAssets
$111.7MLoans
$103.2MDeposits
$13.4MEquity
Deposit mix
84%Interest-bearing $87.1M16%Noninterest $16.1MQ1 2002Q4 2003

Executive Summary

  • Earnings: ROA of 0.95%, up 28 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 108.28% of deposits as of Q4 2003.

Return on Assets (YTD, annualized)

0.95%+28 bps YoY

Net Interest Margin (YTD, annualized)

3.59%+20 bps YoY

Efficiency Ratio (YTD, annualized)

56.96%-210 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

7.51%Q4 ’016.17%Q4 ’025.96%Q4 ’03-8%+6%

Non-interest income vs. expense

2.44%Q4 ’012.13%Q4 ’022.20%Q4 ’03-7%+1%

Year to date, annualized, through each quarter.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.75%0.72%0.69%0.67%0.82%0.93%0.82%0.95%+28 bps
Return on Equity7.35%7.14%7.03%6.77%8.50%9.53%8.31%9.54%+277 bps
Net Interest Margin3.72%3.56%3.53%3.38%3.30%3.36%3.43%3.59%+20 bps
Efficiency Ratio58.91%60.50%59.72%59.06%60.55%59.91%62.20%56.96%-210 bps
Non-Interest Burden2.10%2.07%2.02%1.91%1.84%1.88%2.02%1.93%+2 bps
Growth
Asset Growth (YoY)41.35%39.40%40.34%17.25%15.76%15.27%1.78%9.08%-817 bps
Loan Growth (YoY)67.23%53.23%50.13%25.51%17.55%20.11%17.82%19.98%-553 bps
Deposit Growth (YoY)41.43%40.88%47.32%17.24%21.18%17.00%4.22%11.29%-595 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.06%0.05%0.04%0.03%0.01%0.01%0.00%-4 bps
Allowance / Loans1.37%1.35%1.51%1.60%1.64%1.59%1.55%1.57%-3 bps
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 Capital13.79%13.71%12.86%13.20%12.97%12.89%12.57%12.58%-63 bps
Equity / Assets9.85%10.01%9.33%9.86%9.49%9.89%10.24%10.19%+33 bps
Liquidity & Funding
Loans / Deposits97.62%98.10%94.47%100.44%94.69%100.71%106.80%108.28%+785 bps
Liquid Assets / Assets1.99%1.30%2.70%0.20%0.05%0.07%0.01%0.04%-16 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a