# HORIZON
Kingsport, TN · NCUA charter 68138 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/horizon-68138

Who the members are: state charter, organized 1932, low-income designated. 4,080 members of 10,000 potential (40.8% of the field); checking penetration 75% (share draft accounts per 100 members); loans per 100 members 47.

**Verdict on the desk:** this could be *quiet fade*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $59.7M |
| Members | 4,080 (-3.1% YoY) |
| Full-time staff | 20 |
| Net worth | $7.1M |
| Net worth ratio | 11.8% (p39 of band) |
| ROA (annualized) | 0.74% (p53 of band) |
| Total delinquency | 0.14% (p15 of band) |
| Net charge-offs (annualized) | -0.04% (p7 of band) |
| Loans / shares | 81% (p84 of band) |
| Cash / assets | 23.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.13% (p75 of band) |
| Operating expense / assets | 4.71% (p83 of band) |
| Vehicles % of loans | 21% (p16 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 0.68% (p57 of band) |
| Vehicle NCO | 0.00% (p17 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 70% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 71% |
| Certificates % of member funds | 26% |
| Average share balance | $6,506 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 47% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $22,111 |
| Loans granted, annualized | $12.4M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 1 | repo signal | delinquency 2x band |
| 2016-09 | 3 | expense trap, delinquency 2x band |  |
| 2016-12 | 2 |  | delinquency 2x band |
| 2017-03 | 1 |  | repo signal |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 5 | net worth falling, delinquency 2x band, delinquency rising, repo signal |  |
| 2018-03 | 6 | thin capital, charge-offs p90 | delinquency rising |
| 2018-06 | 3 |  | net worth falling, delinquency 2x band, charge-offs p90 |
| 2018-09 | 4 | loans>95% of shares |  |
| 2018-12 | 7 | net worth falling, losing money, delinquency 2x band, charge-offs p90 | loans>95% of shares |
| 2019-03 | 5 |  | delinquency 2x band, charge-offs p90 |
| 2019-06 | 6 | charge-offs p90 |  |
| 2019-09 | 4 |  | net worth falling, charge-offs p90 |
| 2019-12 | 5 | loan book shrinking |  |
| 2020-03 | 5 | delinquency 2x band, delinquency rising | expense trap, losing money |
| 2020-06 | 9 | capital below 7%, losing money, margin squeeze, members leaving | delinquency 2x band |
| 2020-09 | 9 | net worth falling | delinquency rising |
| 2020-12 | 8 |  | net worth falling |
| 2021-03 | 7 |  | losing money |
| 2021-06 | 5 |  | repo signal, loan book shrinking |
| 2021-09 | 3 | repo signal | capital below 7%, margin squeeze |
| 2021-12 | 3 | margin squeeze | repo signal |
| 2022-03 | 2 |  | margin squeeze |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 | delinquency rising | thin capital |
| 2023-03 | 3 | assets shrinking |  |
| 2023-06 | 2 |  | delinquency rising |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 1 |  | members leaving |
| 2024-06 | 3 | delinquency rising, members leaving |  |
| 2024-09 | 0 |  | assets shrinking, delinquency rising, members leaving |
| 2024-12 | 1 | members leaving |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 2 | delinquency rising |  |
| 2025-12 | 1 |  | delinquency rising |
| 2026-03 | 2 | delinquency rising |  |

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

- 2026-05-14 [First Horizon Bank Names New Banking Center Manager - Biz New Orleans](https://news.google.com/rss/articles/CBMihAFBVV95cUxNZFpGNWgxeEY1VC1pNkpaeWpmTjFUOEpLWjhVRUNuV3ZOUmx4ay1oR2w3cERuclFXclRCUC1DX09keHB5TUpscWN3aVdwUEJwNFJSQVlRYzRiSmNHa21ua0lFZkxmd0tlelA5aDZRWXVlLUwwRGdiSWRIczdFVFhpSy0tcU4?oc=5) · Biz New Orleans
- 2026-06-11 [United Way of Greater Kingsport to hold 34th Week of Caring - Kingsport Times News](https://news.google.com/rss/articles/CBMimgFBVV95cUxNWFpkV21lVmNQaG45QTc2Uzg4bEdUS1dObmRzLWphSVhBSDVaRGExdE04OWVJNDY5cVptVHJJME5VdEdNUVliRnZ3M2JnVXFsYzZ4SFNic0RYV204ekphVUpRcENFTVdoR0cydlBXaEZQdnRSek9fbmhLeS1PTEd6RGxuVnpVYTU3cjQwZGNCQndycGc4RHdSWV9R?oc=5) · Kingsport Times News
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- 2026-08-03 [First Horizon Bank Bonus: $700 Checking & Savings - Best Wallet Hacks](https://news.google.com/rss/articles/CBMiXkFVX3lxTE0ydHU0TmtIN0xsZGlNdHhEWVZpS29wSmcwcHR4WDdhTnd4ZWg4SjNpQjNReEZmbW9IeWFOcElQVFV3UUxTR1NEenh5UlFjRTdwUk9xOURKS1RpZWZkU0E?oc=5) · Best Wallet Hacks
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- 2026-04-02 [Ijams River Rescue collects 17.4 tons of trash from local waterways - wbir.com](https://news.google.com/rss/articles/CBMi0wFBVV95cUxQY2wwR29RYWFHdzB0UlZKUFlLVk5iTk1Gd3l6eDBMRGlzWWxHaTVkMEdaVHFjZjlTaWN4dU9aTjgtWkU5cjVyMHRaemRHMmc1NUFYbjUtUl9tVG42bE9IdUVOUExYakhXM193bVFnNThvckcxVXJGX2t4b0MwZjFjZE9TeVFFbEpFM2dDVkY4Ukdxb2ZQSVpjQkIyZnEwVTQ3V09LakowYTJXRFMyYWJsa2FrdFVsblM5QXgtZC1HRnRIUEJZb3BOUnB2WnIxUURUZkZN?oc=5) · wbir.com
- 2026-04-10 [Evanescence Premiere New Single & Lyric Video "Who Will You Follow" From Upcoming New Album "Sanctuary" - Metal Underground.com](https://news.google.com/rss/articles/CBMicEFVX3lxTFBHTmVHWk5KSEZZWTlEWkVfWjJEUGZGY3hTdW05R2RHUkFvamFtN1pvNHlDZzgyNkU1VWhYLTU2VHJMUFhUa0daOUxwVUdMQU5yTGg1LVJxaVMzMDFIOXFZeGc1QTNFWkMyenFOZ0ZqajA?oc=5) · Metal Underground.com
- 2025-09-18 [Fed bans ex-First Horizon, M&T bankers - Banking Dive](https://news.google.com/rss/articles/CBMiswFBVV95cUxPOTRJbDVDdzl3ZC15X252elV3aTVSY0FVekJxMkhDU3JWOGNGUERTVmgzVzEwLUJiajJjREZwMkV0cWNvNWFTVFV4OXJVMWl6VGNBNmlFRHhNV2Vha2RUd2hoMFJNSkE1NmZ4aG5Ecm1XWnprOUg5RE96UGV1dnoxZ0c2c0daUW4tZkVXTWdib3RGbHhOUDlCaTlMQ3BhZU1FcUJJTVVCYUlUS21XR3F5OGVvcw?oc=5) · Banking Dive

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68138 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/42.json (key "68138", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=68138
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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