HORIZON BANCORP INC IN
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
HBNC$21.30+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements (Unaudited)
Condensed Consolidated Balance Sheets
| September 30,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Cash and due from banks | $108,815 | $112,772 |
| Interest earning deposits | 12,107 | 12,071 |
| Federal funds sold | 113,912 | 401,672 |
| Total cash and cash equivalents | 234,834 | 526,515 |
| Interest earning time deposits | 735 | 2,205 |
| Investment securities, available for sale | 541,170 | 547,251 |
| Investment securities, held to maturity (fair value of $1,640,447 and $1,668,758) | 1,888,379 | 1,945,638 |
| Loans held for sale | 2,069 | 1,418 |
| Loans, net of allowance for credit losses of $52,881 and $50,029 | 4,751,115 | 4,367,601 |
| Premises and equipment, net | 93,544 | 94,583 |
| Federal Home Loan Bank stock | 53,826 | 34,509 |
| Goodwill | 155,211 | 155,211 |
| Other intangible assets | 11,067 | 13,626 |
| Interest receivable | 39,366 | 38,710 |
| Cash value of life insurance | 37,115 | 36,157 |
| Other assets | 119,026 | 177,061 |
| Total assets | $7,927,457 | $7,940,485 |
| Liabilities | ||
| Deposits | ||
| Non–interest bearing | $1,085,535 | $1,116,005 |
| Interest bearing | 4,641,480 | 4,548,888 |
| Total deposits | 5,727,015 | 5,664,893 |
| Borrowings | 1,265,143 | 1,353,050 |
| Subordinated notes | 55,703 | 55,543 |
| Junior subordinated debentures issued to capital trusts | 57,423 | 57,258 |
| Interest payable | 11,400 | 22,249 |
| Other liabilities | 55,951 | 68,680 |
| Total liabilities | 7,172,635 | 7,221,673 |
| Commitments and contingent liabilities | ||
| Stockholders’ Equity | ||
| Preferred stock, Authorized, 1,000,000 shares, Issued 0 shares | — | — |
| Common stock, no par value, Authorized 99,000,000 shares | ||
| 43,712,059 shares issued and outstanding at September 30, 2024 and 43,652,063 shares issued and outstanding at December 31, 2023 | — | — |
| Additional paid-in capital | 358,453 | 356,400 |
| Retained earnings | 454,050 | 429,021 |
| Accumulated other comprehensive loss | (57,681) | (66,609) |
| Total stockholders’ equity | 754,822 | 718,812 |
| Total liabilities and stockholders’ equity | $7,927,457 | $7,940,485 |
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