Horizon Bank
Pine City, MN · Owner: Pine City Bcorp Inc
$84.8M
total assets, March 31, 2009
$84.8M
total assets, March 31, 2009
Horizon Bank was a state nonmember bank in Pine City, MN, owned by Pine City Bcorp Inc. It failed on Jun 26, 2009, and Stearns Bank, National Association took over its deposits. At its last report it held $84.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2009
This bank failed
- Failed on
- Jun 26, 2009
- Assets
- $84.8M
- Deposits
- $69.3M
- Estimated cost
- $24.0M
- Deposits went to
- Stearns Bank, National Association, ST. Cloud, MN
Total assets
$84.8M
-5.5% in a year · -8.7% in a quarter
Deposits
$69.3M
-2.6% in a year · -5.8% in a quarter
Loans
$67.5M
-8.4% in a year · -8.7% in a quarter
Profit so far
-$3.8M
Jan 1 to Mar 31, 2009 · -16434.8% in a year
Capital ratio
1.10%
-7.37 pts in a year
Return on assets
-16.92%
-17.02 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 600 Hillside Avenue Sw, Pine City, MN, 55063
- County
- Pine
- Holding company
- Pine City Bcorp Inc
- Established
- Jun 1, 1915
- Failed
- Jun 26, 2009
- Employees
- 20
- Branches
- 2
- Id
- b9744
Quarter by quarter
March 31, 1984 to March 31, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Horizon Bank?
$84.8 million in total assets and $69.3 million in deposits as of March 31, 2009, with assets down 5.5% from a year before. Its loans were $67.5 million.
How many branches does Horizon Bank have?
2 branches in Minnesota as of June 30, 2026.
Is Horizon Bank profitable?
No: it lost $3.76 million from January 1 to March 31, 2009. Its return on assets was -16.92% a year; about 1% is typical.
Who owns Horizon Bank?
Horizon Bank is owned by Pine City Bcorp Inc, its holding company.
When did Horizon Bank fail?
Jun 26, 2009. Stearns Bank, National Association of ST. Cloud, MN took over its deposits. The estimated cost of the failure was $24.0 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.