Figure 2: Horizon's ADC Loan Concentration Compared to Peer Group

ADC Loans to Total Capital

2004
Horizon: 137%
Peer Group: 38%

2005
Horizon: 219%
Peer Group: 107%

2006
Horizon: 312%
Peer Group: 136%

2007
Horizon: 362%
Peer Group: 147%

2008
Horizon: 377%
Peer Group: 139%

Source: UBPRs for Horizon.