Horizon Bank
Michigan City, Indiana, Laporte County
$6.5B in total assets, the 243rd largest of 4,309 US banks and 8th of 89 headquartered in Indiana.
- FDIC certificate
- 4360
- Established
- 1873
- Owned by
- Horizon Bcorp Inc
- Primary regulator
- FDIC
- Website
- www.horizonbank.com
At a glance
Compared with 16 banks headquartered in Indiana with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $6.5B | 81% | $3.1B | |
| Loans | $5.0B | 81% | $2.0B | |
| Deposits | $5.5B | 75% | $2.8B | |
| Return on assets | -1.96% | 2% | 1.40% | |
| Net interest margin | 4.47% | 98% | 3.52% | |
| Efficiency ratio | 52.7% | 38% | 56.5% | |
| Equity to assets | 12.28% | 88% | 9.50% | |
| Loans to deposits | 91% | 75% | 85% |
Growth
Total assets grew 1.5% a year over the last 5 years and 8.4% a year over 10 years, including 5 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2019 | Salin Bank and Trust Company Indianapolis, IN | $924M |
| Oct 2017 | Wolverine Bank, Federal Savings Bank Midland, MI | $385M |
| Sep 2017 | LAFAYETTE COMMUNITY BANK Lafayette, IN | $167M |
| Nov 2016 | The Central National Bank and Trust Company Attica, IN | $54M |
| Jul 2016 | The La Porte Savings Bank La Porte, IN | $517M |
| Jun 2016 | Farmers State Bank Mentone, IN | $147M |
| Jul 2015 | Peoples Federal Savings Bank of DeKalb County Auburn, IN | $461M |
| Apr 2014 | Summit Community Bank East Lansing, MI | $154M |
| Jul 2012 | Heartland Community Bank Franklin, IN | $249M |
| Sep 2009 | (unknown, CERT 34376) , IN | $4M |
| Jun 2005 | Alliance Banking Company New Buffalo, MI | $132M |
| Oct 1986 | Citizens Bank of Michigan City, Indiana Michigan City, IN | $149M |
Where they operate
74 branches in 39 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Laporte County, IN | $1.5B | 57.9% | 1 of 8 |
| Johnson County, IN | $418M | 10.3% | 3 of 23 |
| Porter County, IN | $371M | 7.7% | 5 of 11 |
| Berrien County, MI | $248M | 11.1% | 5 of 8 |
| Marion County, IN | $247M | 0.6% | 17 of 26 |
| Tippecanoe County, IN | $239M | 6.1% | 5 of 17 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 25 branches since 2016 (49 to 74, +51.0%). 20 opened, 32 acquired, 27 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 49 | |||
| 2016 | Acquired 3 banksClosed Goshen and Middlebury | 11 | 2 | +9 | 58 |
| 2017 | Acquired Wolverine Bank, Federal Savings Bank and LAFAYETTE COMMUNITY BANKOpened Grand Rapids, closed Michigan City and Three Rivers | 8 | 2 | +6 | 64 |
| 2018 | Opened Noblesville | 1 | 0 | +1 | 65 |
| 2019 | Acquired Salin Bank and Trust CompanyOpened Holland, closed 4 in 2 states | 15 | 4 | +11 | 76 |
| 2020 | Opened TroyClosed Indianapolis and Valparaiso | 1 | 2 | −1 | 75 |
| 2021 | Opened GaryClosed 9 in 2 states | 1 | 9 | −8 | 67 |
| 2022 | Opened 14 in MichiganClosed 8 in 2 states | 14 | 8 | +6 | 73 |
| 2025 | Opened Kalamazoo | 1 | 0 | +1 | 74 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 35% | 27% | |
| 1-4 family residential | 28% | 22% | |
| Business (C&I) | 13% | 17% | |
| Multifamily | 8% | 12% | |
| Construction and land | 5% | 8% | |
| Consumer | 2% | 3% | |
| Agricultural | 1% | 2% | |
| Farmland | 1% | 6% | |
| Other | 8% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 58% | 59% | |
| Noninterest-bearing | 22% | 18% | |
| Time deposits | 20% | 23% |
Brokered deposits are 4.2% of deposits (peers 4.7%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.63% | 0.54% |
| Net charge-offs, annualized | 0.05% | 0.04% |
| Reserves to loans | 1.05% | 1.34% |
| Leverage ratio | 10.52% | 10.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Indiana
Largest competitors in Laporte County, IN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/horizon-bank-michigan-city-in