# HORIZON BANK
MICHIGAN CITY, IN · FDIC certificate 4360 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $6.55B | |
| Deposits | $5.48B | |
| Loans and leases | $4.96B | |
| Total equity | $803.8M | |
| Loans / deposits | 89.66% (p58 of band) | 87.10% |
| Liquid assets / assets | 16.98% (p32 of band) | |
| Uninsured deposits / deposits | 26.21% (p33 of band) | 30.76% |
| Brokered deposits | 3.49% | |
| Wholesale funding | 6.89% (p54 of band) | |
| FHLB advances / assets | 2.29% | |
| Tier 1 leverage | 10.52% (p50 of band) | 10.50% |
| Unrealized securities loss / equity | -4.11% (p68 of band) | -7.75% |
| AOCI / equity | 0.25% (p88 of band) | |
| ROA (annualized) | 1.75% (p80 of band) | 1.26% |
| Net interest margin | 4.47% (p87 of band) | 3.70% |
| Efficiency ratio | 52.66% (p31 of band) | |
| Noncurrent loans | 0.70% (p62 of band) | 0.51% |
| Net charge-offs (annualized) | 0.04% (p58 of band) | |
| Reserve coverage of noncurrent | 148.63% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 28.44% (p29 of band) | |
| Auto loans | $19.9M (0.40% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $156.3M (19% of equity) (p92 of band) | |
| Deposits YoY | -5.2% | |
| Employees | 869 | |

## Flags firing in the latest filing

- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | wholesale funding >15% |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | reserve under noncurrent |  |
| 2011-12 | 2 | capital falling | reserve under noncurrent |
| 2012-03 | 1 |  | capital falling |
| 2012-06 | 1 |  |  |
| 2012-09 | 2 | reserve under noncurrent |  |
| 2012-12 | 3 | capital falling |  |
| 2013-03 | 0 |  | wholesale funding >15%, reserve under noncurrent, capital falling |
| 2013-06 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 1 |  | reserve under noncurrent |
| 2014-03 | 0 |  | wholesale funding >15% |
| 2014-06 | 2 | wholesale funding >15%, capital falling |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 | reserve under noncurrent | capital falling |
| 2015-03 | 2 |  |  |
| 2015-06 | 4 | capital falling, charge-offs p90 |  |
| 2015-09 | 2 |  | capital falling, charge-offs p90 |
| 2015-12 | 3 | charge-offs p90 |  |
| 2016-03 | 1 |  | reserve under noncurrent, charge-offs p90 |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | reserve under noncurrent |  |
| 2016-12 | 0 |  | wholesale funding >15%, reserve under noncurrent |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | capital falling |  |
| 2018-06 | 2 | wholesale funding >15% |  |
| 2018-09 | 1 |  | wholesale funding >15% |
| 2018-12 | 2 | wholesale funding >15% |  |
| 2019-03 | 0 |  | capital falling, wholesale funding >15% |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | capital falling |  |
| 2019-12 | 1 | reserve under noncurrent | capital falling |
| 2020-03 | 1 | uninsured deposits leaving | reserve under noncurrent |
| 2020-06 | 1 | capital falling | uninsured deposits leaving |
| 2020-09 | 1 | loans-to-lenders >50% equity | capital falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | loans-to-lenders >50% equity |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 1 | securities losses >30% of equity |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | wholesale funding >15% |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 3 | capital falling |  |
| 2023-09 | 2 |  | capital falling |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 3 | capital falling |  |
| 2025-03 | 2 |  | capital falling |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 | losing money, assets shrinking | securities losses >30% of equity, wholesale funding >15% |
| 2025-12 | 3 | deposits shrinking |  |
| 2026-03 | 2 |  | losing money |
| 2026-06 | 3 | uninsured deposits leaving |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-09-03 [Spotlight On: Alex Morton, Atlanta Market President, First Horizon Bank - Capital Analytics Associates](https://news.google.com/rss/articles/CBMirAFBVV95cUxNMl9veWotNWZ1ajJRNVpobTVTT0JBOHFoRloxQ2pHWk9MRXZiaFRQMXNxRUNFaExFYWxta0l4TEppaGhDY0Q1SGUxSldNNVhTaWN0ampOM285aUFkTlFGRWU3d1JKaWJPZVhxeDYwR3VtOEozenF4bXA3OVlqQkdmM2Y0dDNyUzZkdmV5bzhHR1VzbWJzTlZkMGVlY3U1R1dJd0hpT1JQenhFTlNm?oc=5) · Capital Analytics Associates
- 2026-09-01 [Tennessee Athletics and First Horizon Announce Historic Partnership Extension - University of Tennessee Athletics](https://news.google.com/rss/articles/CBMivgFBVV95cUxNUzlBdkVCUEpDZV8ydzhwcDNaRm81UGxuUm9SMkxocW9xR1RvX1F2U3ZGWjVQX1hRTnI2dEJ2R3A4TlNtOTFhSFBmZV9OampBaVpwU3lNY09SQ1dpYTFCUHdhYkpMRkF3X0h0LW5CV1dFYmJreDdKWHZvTThUUWFzb1ZzcGI5ZU1WSWFMWllzUFg2dEgtX2xiSFBMcENpalZxTzhBckFhS2FRR0JmbmtMbC1yZTdJODdpdXJuN3Z3?oc=5) · University of Tennessee Athletics
- 2026-07-27 [First Horizon Bank Expands Loan Syndications Team with Strategic Hires - PR Newswire](https://news.google.com/rss/articles/CBMixAFBVV95cUxQUDFFUEVUd040cFFUZTdKTF9kdjZUZG5wYW9idFptMzk4LTZUYk1WOTJ2d25CRG5TMUdCT1k3dlpjQ1hIbGZTaHl1U0JvZEFKYXA5Nm05ak1FYnZGbmx5YWswY0JWZjFOckptTW44V0ZOcVdQRVhxREczNXdtbHd4cTliVFpERTh6amZpbGtTS0FZdmZqLURHNFZqeUM1NmVhaGNuN2NxUEgtWmxZTURHNzFFbXUyNEVGY3V0eDN3bUhuYnp5?oc=5) · PR Newswire
- 2026-05-05 [New Horizon Bank continues push for growth in Richmond, Hampton Roads - Richmond BizSense](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPd244MTlEZ3hvUUplck5DeTNVOXlIVk9CbFlheVllcndKU3laSjI2WEhXZkREa0RRUnVOdms5dWJYNjY3d2J2RWt1QldMNnVKTGZyck1ka0VwQUJNV05FNGZKVGlPWHdpX3pEbU5zWUdlY1ZxVVdxUElmdlNROENoT3dLVzdMa24wYlZSd0tPekJRa1FGNFBuejd2VW95QnJIN2RwclZJNHBOYnBsa2YyUnh6dUdkMlNRd3ZB?oc=5) · Richmond BizSense
- 2026-08-31 [Horizon Bank Announces Drew Zromkoski as AVP, Commercial Loan Officer - GreatNews.Life](https://news.google.com/rss/articles/CBMiogFBVV95cUxNMmVsWHowWEh4U0tpeXVxZDFJVjJTdV9YZ2daNmQyZ1plZjZuRnR1WURvRXo0YTJsQWlfNGYzSXNrZ00xa2FqZjRtQjQ0eEpkOHpPMUx3aG11TkJLUWtueFpVWGhld2RXcjZVazNNWkxJamJDbm9IMWkwRlRFYkppaTNtQ24xdTJmS2pkSUJjRnhZSVV0ZGg4UFBEMHBnS084OUE?oc=5) · GreatNews.Life
- 2026-07-09 [A Decade of Growth: Inside First Horizon Bank’s Music Industry Expansion [Interview] - MusicRow.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxQTGpMNUh3VjZNdmkyUmw3bDNiZjlOVWFyOG9oalMxdmhIUkRiVDA0bnRYTktZMFBDVmZVV0NxZ1RGazBGd1IyM0ZpSFpnc09iV3I5UHYtUTFlY1hwSXp6YmpueHNWYzRwX0ZUeVVTaHJaVE82TlRqYUU5ZXowV0J3SU5iYnVzZ0ZQUjQzYWVmNHU1V3RxNDdnR0Z3d1UtZjNsRUYyUldwQVpRQlYyUHBn?oc=5) · MusicRow.com
- 2026-08-18 [Horizon Bank Appoints Nicholas Ritter and Charles Sulerzyski to Serve as Independent Directors - Yahoo Finance](https://news.google.com/rss/articles/CBMipAFBVV95cUxNSEcxcV9zOTNMSE9WcnAzWFBKSG1Rdk5TZDJDY0hVWWhiSC1fQzVKVnZJdThDRjBVdUhQaVRsVS1nUUl1X2kwQUdsb3FYcFJXWmtoWmVxbklUX0RVNU93OC1uQ2psQmtOUnVqOFdaMmc0ZlZtWGlUa0pMRjlORUJXQ3dJaDdMdFBQdmdLRU1keFkwQzFoZkIzVzNhZjltVXBkM19aSA?oc=5) · Yahoo Finance
- 2026-07-20 [Josh Newsom Joins First Horizon Bank in North Mississippi Market - PR Newswire](https://news.google.com/rss/articles/CBMivAFBVV95cUxNb1NzQWFNa0NiNTZ3dTRTWERsZE9XSHlxanFCZEgtY1cwSmJfMXFVYnYwUHhyNmdNWHAwSnZKcmwxSlF4UDBzUElzSHRRVFNlLWo3UTUtZTdvakwxZktmbUNETHYwa3ZhRUk1YW9PRFVNcC1QaXh5VTRQNDc5THZianZWM2NFUndoT0drbjdBSkdfQVluTnlNcVZVTFBucXNha0FVSlNrV3NpZGlua0pIX2RHVEZMTnpDWWN0SQ?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=4360 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/8.json (key "4360", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide