$1.8B
total assets, March 31, 1990
Horizon Financial, FA was a savings and loan in Southampton, PA. It failed on Jun 8, 1989, and Branch Sale took over its deposits. At its last report it held $2.5 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Jun 8, 1989
- Assets
- $2.5B
- Deposits
- $1.8B
- Estimated cost
- $306M
- Deposits went to
- Branch Sale, None, NA
Total assets
$1.8B
-27.1% in a year · -6.0% in a quarter
Deposits
$1.5B
-15.7% in a year · -2.0% in a quarter
Loans
$1.6B
-17.6% in a year · -3.9% in a quarter
Profit so far
-$10.6M
Jan 1 to Mar 31, 1990
Capital ratio
-17.85%
-17.85 pts in a year
Return on assets
-2.27%
-1.37 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 735 Davisville Road, Southampton, PA, 18966
- County
- Bucks
- Established
- Jan 1, 1921
- Failed
- May 25, 1990
- Employees
- 621
- Id
- b29830
Quarter by quarter
March 31, 1984 to March 31, 1990
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 Financial, FA?
$1.8 billion in total assets and $1.5 billion in deposits as of March 31, 1990, with assets down 27.1% from a year before. Its loans were $1.6 billion.
Is Horizon Financial, FA profitable?
No: it lost $10.6 million from January 1 to March 31, 1990. Its return on assets was -2.27% a year; about 1% is typical.
When did Horizon Financial, FA fail?
Jun 8, 1989. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $305.9 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.