Horizon Bancorp ranks among top performing banks
Ten banks throughout the state are being recognized for profitability, capitalization and asset quality. Bank Director magazine has released its 2016 Bank Performance Scorecard and the industry publication weighed five metrics to determine rankings: core return on average equity, core return on average assets, tangible common equity to tangible asset ratio, nonperforming asset to total loan and other real estate owned ratio and net charge off to average loan ratio. In the mid-sized and small categories $1 Billion – $5 Billion: #87 on the list was Michigan City-based Horizon Bancorp.
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