Horizon Bancorp (HBNC) 8-K Regulation FD Disclosure

A NASDAQ Traded Company - Symbol HBNC

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.

Financial Highlights
Mark E. Secor
Chief Financial Officer

*Based on price at the close of business on May 1, 2009 at $15.92 per share

**Total assets and ownership as of March 31, 2009

Corporate Profile

•SymbolHBNC

•Shares Outstanding3.3 Million Shares

•Market Cap*$ 51 Million

•Total Assets**$ 1.4 Billion

•Ownership**

–Insiders10.1%

–ESOP14.6%

–Institutional22.7%

Record Earnings Nine Consecutive Years

* In Millions

Revenue Growth Out Paces Expenses & ProvisionMarch 31, 2009 vs. March 31, 2008

Income Statement

•Net Interest Margin

•Provision for Loan Losses

•Non-Interest Income

•Other Non-Interest
Expense

•Net Income

Increase*% Change

$2.527.9%

$2.4310.9%

$1.339.9%

$1.417.1%

$0.14.2%

Peer Data Source: KBW Report dated January2009 covering Indiana Publicly Traded Banks; peer data represents a peer average and is 2008 datafor all periods
reviewed.

Steady Earnings Growth Goes Unrewarded

* Twelve month trailing fully diluted EPS

*

Steady Asset Growth

CAGR11.0%

Asset Quality
Thomas H. Edwards
President &
Chief Operating Officer

Source: ABA Consumer Credit Delinquency Bulletin December 31, 2008

Growing Consumer Debt

Source: Bureau of Labor Statistics

2003 - - 2008 Reflect December Year End Percentages

Unemployment is on the Rise

Source: ABA Consumer Credit Delinquency Bulletin December 31, 2008

Steady Growth in Personal Bankruptcies

Number of Cases Filed

Source: Custom group of 23 publicly traded banks headquartered in Indiana from FDIC
Uniform Bank Performance Reports

Non-performing loans plus OREO to Gross Loans Plus Oreo

Non-Performing Assets Half That of Peer

Loan Losses Still on Par With Peer

Source: Custom group of 23 publicly traded banks headquartered in the state of Indiana from FDIC Uniform Bank Performance
Report

Annualized Net Loan Losses to Average Total Loans

Consumer Loans Driving the Increase in
Loan Losses

Consumer
32%

Commercial
34%

Mortgage
Warehouse14%

Mortgage
20%

Mortgage

Warehouse

49%

Commercial
20%

Mortgage
16%

Consumer
15%

December 31, 2002

December 31, 2008

Balanced Loan Portfolio Achieved in 2008

Consumer Portfolio Predominately Secured

Diversified Commercial Portfolio and Limited
Construction Lending Exposure

Nominal Auto Industry Exposure

•Direct Loans to Dealerships Total Only
$2,070,000 of which $791,000 is Covered by an
SBA Guaranty

•Direct Loans to Automobile Suppliers Total
Only $2,450,000

•Horizon’s Total Loan Exposure to the
Automobile Industry is $4,520,000

Disciplined Credit Philosophy
Diversified Risk

•Small Business Lenders

–Average Commercial Loan is Approximately
$250,000

–Internal Lending Limit is $10 Million vs. Legal
Lending Limit of $18 Million

–Only Seven Borrowers Exceed $5 Million

•Recourse Lenders

•Secured Lenders

Craig M. Dwight
Chief Executive Officer

Six Months of Steady Change

•EESA(Economic Emergency Stabilization Act)

–TARP...No

–CPP …Yes

–CAP…No

•FDIC- Increases Deposit Ins…Yes

•TALF...No (Term Asset Backed Securities Loan Facilities)

•FDIC - - Debt Guarantee…No

•FDIC - - Non-interest Bearing
Transaction Acct. Guarantee…Yes

•ARRA …Mandatory(American Recovery &Reinvestment
Act)…Mandatory

•FDIC Special Assessment…Mandatory

•Stress Test…No

•10-06-2008

•10-19-2008

•10-14-2008

•11-27-2008

•12-05-2008

•02-17-2009

•02-27-2009

•05-07-2009

Conditions Still Valid Today for
TARP Enrollment

•Recession

•Liquidity Crisis

•Potential Increase in Regulatory Capital
Requirements

•4 of the 5 Major Investment Firms Failed

•Increase in Bank & Thrift Failures =
Opportunity

Why are Banks Paying Off TARP?

TARP Protects Investors & Depositors

Congress Passes
EESA - TARP

Liquidity Crisis

Large Thrifts
Fail

FDIC Insurance
Increased

“A pessimist sees the difficulty in
every opportunity;

An optimist sees the opportunity
in every difficulty”

Sir Winston Churchill

Horizon Has a History of
Doing the Right Thing

•Record Earnings for 9 Consecutive Years

•Top Performing Bank 1st Quarter 2009

•Good Expense Control

•People First Location Second

•We Measure Success - “Beat the Prior Year”

•Exceptional Service & Sensible Advice -
Customer Focused

Horizon Manages Executive
Compensation Programs Well

•Independent Compensation Committee

•Third Party Consultants Engaged by the
Committee

•Minimum Net Income Target Before Bonuses
are Paid

•Bonuses Tied to Performance & Aligned with
Shareholders

•Base Pay is Approximately at Peer Averages

Considerable Opportunities

2009 Challenges

	Horizon Bancorp	Avg. - Indiana Banks
Dividend Yield (as of05/01/09)	4.3%	5.3%
Price to Book (HBNC - Price as of 05/01/09 &Book Value as of Year-end 12/31/08)	62%	86.0%
Price to Tangible Book (HBNC - Price as of 05/01/09 & Tangible Book Value as of Year-end 12/31/08)	68%	100.3%
Price to Earnings (LTM) (HBNC - Price as of 05/01/09 &2008 EPS)	5.6x	12.6x

Peer Data Source: KBW Report dated January2009 covering Indiana Publicly Traded Banks; peer data represents 2008 for all periods reviewed.

Horizon is an Attractive Value

Horizon Out Performs Market Over 10 Years

Thank You
for
Your Investment
in
Horizon Bancorp
(Symbol:HBNC)

A NASDAQ Traded Company - Symbol HBNC