MICHIGAN CITY – Horizon Bancorp, the parent company for Horizon Bank, has announced a third quarter profit of $4.9 million, up from $3.4 million on year ago. The increase was attributed to an improving portfolio and the acquisition of Heartland Bancshares Inc. in Franklin, Ind.

CEO Craig Dwight Horizon expects to increase its commercial lending portfolio, particularly with medium and small businesses. The bank has assets of $1.85 billion.