Michigan City-based Horizon Bancorp said its second quarter 2009 net income was $2.1 million, or $0.52 diluted earnings per share, as compared to $3.0 million or $.92 diluted earnings per share for the same quarter of the prior year.

Net income for the six months ended June 30, 2009 was $4.7 million or $1.22 diluted earnings per share, versus $5.5 million or $1.70 diluted earnings per share for the same period of the prior year.

“We continue to be proud of Horizon’s year-to-date performance given the economic challenges confronting the banking industry,” said Craig M. Dwight, Chief Executive Officer of Horizon Bancorp. In addition, he commented, “Horizon has increased staff to focus on resolution of problem loans and to assist our customers to mitigate the potential for foreclosure. As a community bank we are proud of our record of working with customers during challenging times.”
Continue reading →