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Horizon Bank

Bradenton, FL · Cert 35061

FDIC

Q2 2010

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2010, the quarter ended June 30, 2010, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Horizon Bank

Bradenton, FL · Cert 35061

FDIC

Q2 2010

$187.8MAssets
$142.2MLoans
$164.6MDeposits
$5.1MEquity
Deposit mix
95%Interest-bearing $155.7M5%Noninterest $8.9MQ2 2009Q2 2010

NIM

6.61%Q2 ’086.03%Q2 ’095.10%Q2 ’10+3%-2%

Non-interest income vs. expense

2.24%Q2 ’082.41%Q2 ’093.37%Q2 ’10+24%+27%

Executive Summary

  • Earnings: ROA of -1.79%, up 454 bps year over year; NIM at 2.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.42%.
  • Funding: loans stand at 86.41% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-1.79%+454 bps YoY

Net Interest Margin (YTD, annualized)

2.97%-5 bps YoY

Efficiency Ratio (YTD, annualized)

96.83%+2,106 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-6.32%-4.13%-3.84%-3.77%-1.79%+454 bps
Return on Equity-112.88%-79.38%-79.31%-127.49%-61.92%+5,096 bps
Net Interest Margin3.02%2.96%2.94%3.11%2.97%-5 bps
Efficiency Ratio75.77%76.92%76.88%98.12%96.83%+2,106 bps
Non-Interest Burden2.25%2.23%2.12%3.05%2.86%+61 bps
Growth
Asset Growth (YoY)1.67%-1.53%-4.75%-12.04%-8.98%-1,065 bps
Loan Growth (YoY)1.89%-2.51%-7.32%-14.40%-14.22%-1,611 bps
Deposit Growth (YoY)5.26%3.52%4.99%-5.19%-4.58%-984 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans6.26%4.60%5.07%5.67%3.42%-284 bps
Allowance / Loans3.08%2.82%3.01%3.57%3.51%+43 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital6.66%6.86%4.92%3.06%3.14%-352 bps
Equity / Assets3.76%3.96%3.36%2.54%2.74%-102 bps
Liquidity & Funding
Loans / Deposits96.12%94.71%90.00%86.56%86.41%-971 bps
Liquid Assets / Assets9.05%9.80%9.11%8.72%8.42%-64 bps
CRE / Total Capitaln/an/an/an/an/an/an/a