Horizon Bancorp (HBNC) 8-K Regulation FD Disclosure

A NASDAQ Traded Company - Symbol HBNC

The Company

Craig M. Dwight

President & Chief Executive Officer 

Forward-Looking Statements

This presentation may contain forward-looking statements regarding financial performance, business prospects, growth and operating strategies.  For these statements, Horizon claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

History

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Founded in 1873

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Located in Northwest Indiana and Southwest

Michigan

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Total Assets:  $1 billion - New Milestone

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Insiders, Employees & Retirees Own

Approximately 30%

Business Lines

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Retail Banking

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Commercial Banking

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Mortgage Lending

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Mortgage Warehousing

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Trust & Investment Management

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Goal is to Balance Revenue Streams

Locations

Current Horizon Location

Future Horizon Location

Former Alliance Location

Alliance Acquisition

Alliance Acquisition History

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Closed June 10, 2005

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Converted Data Processing Systems July 18, 2005

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Sold Michigan City Branch Location

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November 2005

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Leasing Drive-up Facility

Reasons to Acquire Alliance

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Fills Gap in Markets Served

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Cost Savings Greater Than 30%

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Staffing

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Occupancy

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Operational

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Reduces the Risk of a New Entrant into the

  Market

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IRR > 18%

Source for Alliance Acquisition:  McConnell, Budd & Romano, Inc. Investment Banker &

Alliance’s Year-end 2004 Audited Financial Statement

Source for Averages: SNL Merger & Acquisition Report 12-31-04

Alliance Acquisition Metrics

Current Challenges Facing Horizon

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Slow Down in the Annual Growth Rate of Net Income

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Flat Yield Curve

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Efficiency Ratio

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Loan Volume - 1st Quarter

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Mortgage Warehouse Loan Volume Below Expectations

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Unanticipated Commercial Loan Payoffs

Yield Curve

Non-Interest Expense to Avg. Assets

Quarterly Earnings

Strengths to Build Upon

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Organic or Internal Growth Rates

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Shift in Loan Mix

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Consistent Gains in Deposit Market Share

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Return on Average Equity

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Dividend Increases

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Company Driven by Values or Closely Held Beliefs

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Total Shareholder Return

Total Assets

CAGR 15.31%

1998 to 2005

CAGR

3.02%

1994 to 1998

Source FDIC  June 30, 2005

Deposit Market Share

Source: Samco Capital

Return on Average Equity

Dividend Increases

Closely Held Beliefs

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We Affirm the Customer as Our Highest Focus

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We Accomplish Our Goals

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We Understand the Value of Profit

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We Value Measurement

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Publish & Rank Results

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Best Practices

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Recognition

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Six Sigma

Why Attractive Investment?

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Organic Growth Rates

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Chicago Discovers Market Place

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Excellent Asset Quality

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A Company Driven by Closely Held Beliefs

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Insider and Employee Ownership is Aligned

with Shareholder Interests

Stock Price History - Five Years

Source: NASDAQ      QQQQ: Community Bank Index   Bank: Nasdaq Bank Index    COMP: Nasdaq Composite

Financial Presentation

James H. Foglesong

Chief Financial Officer

Shift in Loan Mix

Total Loans

2002

2005

Peer Data from UBPR - December 31, 2005

Non-Interest Expense

to Avg. Assets

A NASDAQ Traded Company - Symbol HBNC