| Business Summary | | Horizon
Bancorp
is
a
one-bank
holding
company
for
its
wholly
owned
subsidiary,
Horizon
Bank,
N.A.
(the
Bank).
The
Bank
and
its
wholly
owned
subsidiaries,
Horizon
Trust
&
Investment
Management,
N.A.
and
Horizon
Insurance
Services
Inc.,
as
well
as
the
Company's
non-bank
subsidiaries,
HBC
Insurance
Group
(Insurance
Company)
and
The
Loan
Store
Inc.,
are
engaged
in
the
commercial
and
retail
banking
business,
investment
management
services,
commercial
and
personal
property
and
casualty
insurance
services,
retail
lending
and
insurance
credit
life
sales.
The
Company's
business
is
that
incident
to
its
100%
ownership
of
the
Bank,
the
Loan
Store
and
the
Insurance
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Horizon
Bancorp
is
a
bank
holding
company
for
Horizon
Bank,
N.A.
and
two
non-bank
subsidiaries.
For
the
three
months
ended
3/31/01,
total
interest
income
rose
6%
to
$10.5
million.
Net
interest
income
after
loan
loss
prov.
rose
5%
to
$4.1
million.
Net
income
rose
20%
to
$938
thousand.
Net
interest
income
reflects
increased
earning
assets,
partially
offset
by
higher
interests
paid
for
deposits.
Earnings
benefitted
from
increased
gains
on
the
sale
of
mortgage
loans. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
1,053. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Dabagia, 62 Chairman | $135K | Craig Dwight, 44 Pres,
CEO, Director | 217K | James Foglesong, 55 CFO | -- | Thomas Edwards, 48 Exec.
VP and Sr. Lender, Horizon and Bank | 128K | Lawrence Mazur, 52 Pres,
IMS Investment Management, N.A. | 213K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|