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Horizon Community Bank

Lake Havasu City, AZ · Cert 57411

FDIC · 6 branches

Q3 2022

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: Q3 2022, the quarter ended September 30, 2022, 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 Community Bank

Lake Havasu City, AZ · Cert 57411

FDIC · 6 branches

Q3 2022

$510.0MAssets
$267.2MLoans
$477.2MDeposits
$29.2MEquity
Loan mix
80%RE $156.0M20%C&I $38.1M1%Consumer $1.1MQ3 2021Q3 2022
Deposit mix
62%Interest-bearing $295.5M38%Noninterest $181.7MQ3 2021Q3 2022

NIM

3.73%Q3 ’203.30%Q3 ’213.32%Q3 ’22-2%+2%

Non-interest income vs. expense

2.91%Q3 ’202.63%Q3 ’214.44%Q3 ’22-18%+110%

Market Position · Lake Havasu City-Kingman, AZ · 2022 SOD (annual) · 6.8% share · #5 of 10 inst. · $0.3B of $4.4B

6.8% Mohave
23.2% La Paz
0.0% Maricopa

Executive Summary

  • Earnings: ROA of -0.21%, down 136 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.06% of loans (-16 bps YoY), with net recoveries of 0.11%.
  • Capital: tier 1 leverage ratio of 8.34%, up 33 bps from a year ago.
  • Funding: loans stand at 55.99% of deposits as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

-0.21%-136 bps YoY

Net Interest Margin (YTD, annualized)

3.24%+7 bps YoY

Efficiency Ratio (YTD, annualized)

107.00%+4,318 bps YoY

Tier 1 Leverage Ratio

8.34%+33 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets1.14%1.12%0.81%0.86%-0.21%-136 bps
Return on Equity14.57%14.22%10.70%11.70%-3.03%-1,759 bps
Net Interest Margin3.17%3.09%2.82%3.01%3.24%+7 bps
Efficiency Ratio63.81%65.16%72.78%71.01%107.00%+4,318 bps
Non-Interest Burden1.68%1.69%1.76%1.86%3.53%+185 bps
Growth
Asset Growth (YoY)20.96%13.40%2.50%-1.98%-7.26%-2,822 bps
Loan Growth (YoY)-14.49%-11.36%-7.20%-5.45%-0.11%+1,438 bps
Deposit Growth (YoY)20.99%13.80%2.82%1.21%-1.81%-2,280 bps
Asset Quality
Nonperforming Loans / Loans0.22%0.20%0.07%0.06%0.06%-16 bps
Net Charge-Offs / Loans0.00%0.03%0.03%-0.19%-0.11%-11 bps
Allowance / Loans1.59%1.60%1.58%1.62%1.65%+5 bps
Allowance Coverage of NPLs7.3x7.9x23.7x29.1x29.5x+22.2x
Capital
Tier 1 Leverage Ratio8.02%8.14%8.44%8.65%8.34%+33 bps
Total Risk-Based Capital16.34%16.77%16.99%16.34%15.85%-48 bps
Equity / Assets7.77%8.05%7.16%6.94%5.73%-204 bps
Liquidity & Funding
Loans / Deposits55.04%55.10%53.54%57.30%55.99%+95 bps
Liquid Assets / Assets19.62%14.81%13.64%8.09%9.79%-983 bps
CRE / Total Capitaln/an/an/an/an/an/an/a