Horizon Bank: how it compares with its peers
Against 8 IN banks with half to twice its assets, Horizon Bank's strongest measure in Q2 2026 is net interest margin (4.47% vs. a 3.78% peer median). Its weakest relative measure is assets per employee ($7.5M vs. $8.8M).
| Measure | Horizon Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.75% | 1.61% | Top third Ahead of 75% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.47% | 3.78% | Top third Ahead of 100% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 52.66% | 48.33% | Middle third Ahead of 38% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.5M | $8.8M | Bottom third Ahead of 25% of peers |
| Loans to deposits Net loans and leases over total deposits. | 89.66% | 85.36% | Context |
What it means for lending operations
Its efficiency ratio of 52.66% is above the 48.33% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- United Fidelity Bank, fsb Evansville, IN · $6.49B
- First Financial Bank, National Association Terre Haute, IN · $6.17B
- Lake City Bank Warsaw, IN · $7.24B
- First Internet Bank of Indiana Fishers, IN · $5.53B
- German American Bank Jasper, IN · $8.43B
- 1st Source Bank South Bend, IN · $9.26B
Questions about Horizon Bank
How big is Horizon Bank?
Horizon Bank, established in 1873, is headquartered in Michigan City, IN. It reported $6.55B in total assets in its Q2 2026 FDIC call report and operates 80 offices.
What is Horizon Bank's return on assets?
1.75% annualized in Q2 2026, against a 1.61% median for 8 IN banks with half to twice its assets, ahead of 75% of them.
What is Horizon Bank's efficiency ratio?
52.66% in Q2 2026: it spent about 53 cents in noninterest expense for each dollar of revenue. The peer median is 48.33%, and lower is better.
Is Horizon Bank growing its loans?
Net loans shrank 0.4% over the year to Q2 2026, while deposits shrank 5.2%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are IN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Indiana bank ranked.