SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

____________________

FORM 10-QSB

QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2000
Commission File No. 333-71773

HORIZON BANCORPORATION, INC.
(Exact name of small business issuer as specified in its charter)

|Florida
(State of Incorporation) | 65-0840565
(I.R.S. Employer Identification No.)
|-------------------------------- | -----------------------------------------------

3005-26th Street West, Bradenton, Florida 34205(Address of Principal Executive Offices)

(941) 753-2265(Issuer's Telephone Number, Including Area Code)

Not Applicable(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Check whether the issuer (1) filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the issuer was required to file such
reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes XNo ___



APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer's classes of common equity as of the latest practicable date.

Common stock, par value $.01 per share, 1,146,077 shares issued and outstanding as of November 4, 2000.

Transitional Small Business Disclosure Format (Check one): Yes XNo

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Horizon Bancorporation, Inc.
Bradenton, Florida
Balance Sheets (Unaudited)

|ASSETS                                                                                                                               |                                                       |                                                 
|------------------------------------------------------------------------------------------------------------------------------------ | ----------------------------------------------------- | ------------------------------------------------
|                                                                                                                                     | September 30,2000                                     | December 31,1999                                
|Cash and due from banks
Federal funds sold
Total cash and cash equivalents                                                           | $1,017,120464,000
1,481,120                           | $ 607,744855,000
1,462,744                      
|Securities available for sale, at fair value                                                                                         | 190,500                                               | 177,900                                         
|Securities held to maturity, fair market values of $3,259,066 and $487,800 at September 30, 2000 and December 31, 1999, respectively | 3,276,619                                             | 500,000                                         
|Loans, net
Property and equipment, net
Other assets
	Total Assets                                                                    | 13,080,894
1,696,404154,587$19,880,124                | 3,828,043
802,99775,153
$6,846,837              
|LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                
|Liabilities:
Non-interest bearing deposits
Interest bearing deposits
Total deposits
Other liabilities
Total Liabilities              | $1,984,05712,945,861
14,929,918
____84,958$15,014,876 | $286,9651,086,603
1,373,568
___47,926
$1,421,494
|Commitments and contingencies                                                                                                        |                                                       |                                                 
|Stockholders' Equity:
Common stock, $.01 par value, 25,000,000 shares authorized, 1,146,077 shares issued and outstanding            | $11,461                                               | $11,461                                         
|Paid-in-capital                                                                                                                      | 5,992,278                                             | 5,992,278                                       
|Retained (deficit)                                                                                                                   | (1,138,491)                                           | (578,396)                                       
|Total Stockholders' Equity                                                                                                           | 4,865,248                                             | 5,425,343                                       
|Total Liabilities and Stockholders' Equity                                                                                           | $19,880,124                                           | $6,846,837                                      

Refer to notes to the consolidated financial statements.

Horizon Bancorporation, Inc.
Bradenton, Florida
Statements of Operations (Unaudited)

|                                                                                                                                                                                                                                                                                                        | For the three monthsended September 30,                                                
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                        | 2000                                                                                   
|Interest and fees on loans and investments                                                                                                                                                                                                                                                              | $369,691                                                                               
|Interest expense                                                                                                                                                                                                                                                                                        | 170,733                                                                                
|Net interest income                                                                                                                                                                                                                                                                                     | $198,958                                                                               
|Provision for loan losses                                                                                                                                                                                                                                                                               | 75,000                                                                                 
|Net interest income after provision for loan losses                                                                                                                                                                                                                                                     | $123,958                                                                               
|Other income:                                                                                                                                                                                                                                                                                           |                                                                                        
|Service fees on deposit accounts                                                                                                                                                                                                                                                                        | $12,933                                                                                
|Other income                                                                                                                                                                                                                                                                                            | 1,196                                                                                  
|Total other income                                                                                                                                                                                                                                                                                      | $14,129                                                                                
|Operating expenses:
Salaries/employee leasing
Employee benefits
Depreciation and amortization
Organizational expenses
Legal and professional
Insurance expense
Supplies and printing
Utilities and telephone
Postage and courier
Data processing
Advertising & promotional
Miscellaneous other expenses | $127,907
26,085
30,588
- -
5,774
12,295
14,703
9,086
7,158
16,258
12,54423,916
$286,314
|Total operating expenses                                                                                                                                                                                                                                                                               
|Net (loss) before taxes                                                                                                                                                                                                                                                                                 | $(148,227)                                                                             
|Income taxes                                                                                                                                                                                                                                                                                            | - -                                                                                    
|Net (loss)                                                                                                                                                                                                                                                                                              | $(148,227)                                                                             
|Basic (loss) per share                                                                                                                                                                                                                                                                                  | $(.13)                                                                                 
|Diluted (loss) per share                                                                                                                                                                                                                                                                                | $(.13)                                                                                 

Refer to notes to the consolidated financial statements.

Horizon Bancorporation, Inc.
Bradenton, Florida
Statements of Operations (Unaudited)

|                                                                                                                                                                                                                                                                                                        | For the nine monthsended September 30,                                                    
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                        | 2000                                                                                      
|Interest and fees on loans and investments                                                                                                                                                                                                                                                              | $824,394                                                                                  
|Interest expense                                                                                                                                                                                                                                                                                        | 321,168                                                                                   
|Net interest income                                                                                                                                                                                                                                                                                     | $503,226                                                                                  
|Provision for loan losses                                                                                                                                                                                                                                                                               | 225,000                                                                                   
|Net interest income after provision for loan losses                                                                                                                                                                                                                                                     | $278,226                                                                                  
|Other income:                                                                                                                                                                                                                                                                                           |                                                                                           
|Service fees on deposit accounts                                                                                                                                                                                                                                                                        | $20,975                                                                                   
|Other income                                                                                                                                                                                                                                                                                            | 2,322                                                                                     
|Total other income                                                                                                                                                                                                                                                                                      | $23,297                                                                                   
|Operating expenses:
Salaries/employee leasing
Employee benefits
Depreciation and amortization
Organizational expenses
Legal and professional
Insurance expense
Supplies and printing
Utilities and telephone
Postage and courier
Data processing
Advertising & promotional
Miscellaneous other expenses | $362,829
82,344
89,351
- -
52,379
15,965
38,136
22,677
20,329
44,141
49,55083,918
$861,619
|Total operating expenses                                                                                                                                                                                                                                                                               
|Net (loss) before taxes                                                                                                                                                                                                                                                                                 | $(560,096)                                                                                
|Income taxes                                                                                                                                                                                                                                                                                            | - -                                                                                       
|Net (loss)                                                                                                                                                                                                                                                                                              | $(560,096)                                                                                
|Basic (loss) per share                                                                                                                                                                                                                                                                                  | $(.49)                                                                                    
|Diluted (loss) per share                                                                                                                                                                                                                                                                                | $(.49)                                                                                    

Refer to notes to the consolidated financial statements.



Horizon Bancorporation, Inc.
Bradenton, Florida
Statements of Cash Flows (Unaudited)

|                                            | For the nine monthsended September 30,
|------------------------------------------- | --------------------------------------
|                                            | 2000                                  
|Cash flows used by operating activities     | $(282,532)                            
|Cash flows from investing activities        |                                       
|Purchase of securities available for sale   | $ (12,600)                            
|Purchase of securities held to maturity     | (2,782,288)                           
|(Increase) in loans, net                    | (9,477,851)                           
|Purchase of fixed assets                    | (982,703)                             
|Net cash used in investing activities       | $(13,255,442)                         
|Cash flows from financing activities:       |                                       
|Increase in deposits                        | $13,556,350                           
|Increase in borrowings                      | _______- -                            
|Net cash provided from financing activities | $13,556,350                           
|Net increase in cash                        | $18,376                               
|Cash at beginning of period                 | 1,462,744                             
|Cash at end of period                       | $1,481,120                            



Refer to notes to the consolidated financial statements.



Horizon Bancorporation, Inc.
Bradenton, Florida
Consolidated Statements of Changes in Shareholders' Equity (Unaudited)
for the nine-month periods ended September 30, 1999 and 2000

|                                                                              | Common Stock | Paid inCapital | RetainedEarnings | Accumulated
Other
ComprehensiveIncome |      
|----------------------------------------------------------------------------- | ------------ | -------------- | ---------------- | ------------------------------------- | -----
|                                                                              | Shares       | Par Value      | Total           
|Balance
December 31, 1998                                                     | 21,600       | $ 216          | $128,784         | $(111,530)                            | $ - -
|Comprehensive Income:
Net income,
nine-month period 
ended September 30, 1999 | - -          | - -            | - -              | (227,778)                             | - -  
|Balance,
September 30, 1999                                                   | 21,600       | $ 216          | $128,784         | $(339,307)                            | $ - -
|                                                                              |              |                |                  |                                       |      
|Balance,
December 31, 1999                                                    | 1,146,077    | $11,461        | $5,992,278       | $(578,396)                            | $ - -
|Comprehensive Income:
Net income,
nine-month period 
ended September 30, 2000 | - -          | - -            | - -              | (560,096)                             | - -  
|Balance,
September 30, 2000                                                   | 1,146,077    | $11,461        | $5,992,278       | $(1,138,491)                          | $ - -

















Refer to notes to the consolidated financial statements.



Horizon Bancorporation, Inc.
Notes to Consolidated Financial Statements (Unaudited)
September 30, 2000

Note 1 - Basis of Presentation



Note 2 - Summary of Organization

Manasota Group, Inc. ("Manasota") was incorporated on May 27, 1998 for the purpose of becoming a bank holding company with respect to a proposed de novo bank, Horizon Bank (the "Bank") to be located in Bradenton,
Florida. Manasota was later renamed Horizon Bancorporation, Inc., Bradenton, Florida (the "Company"). Accordingly, all financial transaction undertaken by Manasota are reflected in the Company's financial statements as of September 30, 2000 and all other
prior periods. In a public offering of its shares conducted during 1999, the Company raised approximately $6.0 million, net of selling expenses, by selling 1,146,077 shares of its common stock. The Company invested $5.3 million in its sole subsidiary,
Horizon Bank, Bradenton, Florida (the "Bank") and kept the remaining funds for working capital and future corporate purposes. Banking operation commenced on October 25, 1999 when the Bank opened for business.

The Company is authorized to issue up to 25.0 million shares of its $.01 par value per share common stock. Each share is entitled to one vote and shareholders have no preemptive or conversion rights. As of September 30, 2000 and
December 31, 1999, there were 1,146,077 shares of the Company's common stock issued and outstanding. Additionally, the Company has authorized the issuance of up to 1.0 million shares of its $.01 par value per share preferred stock. The Company's Board of
Directors may, without further action by the shareholders, direct the issuance of preferred stock for any proper corporate purpose with preferences, voting powers, conversion rights, qualifications, special or relative rights and privileges which could
adversely affect the voting power or other rights of shareholders of common stock. As of September 30, 2000 and December 31, 1999, there were no shares of the Company's preferred stock issued or outstanding. During the nine-month period ended September
30, 2000, the Company granted 29,460 stock options to key employees, thus increasing the number of stock options granted and outstanding to 63,840. Additionally, as of September 30, 2000, there were 206,280 stock warrants outstanding. Since the Company's
inception, none of the stock options or stock warrants issued has been exercised or cancelled. The Company's Articles of Incorporation and Bylaws contain certain provisions that might be deemed to have potential



Horizon Bancorporation, Inc.
Notes to Consolidated Financial Statements (Unaudited)
September 30, 2000

defensive "anti takeover" effect. These certain provisions are more fully described on Form 10-KSB for the year ended December 31, 1999.

Note 3 - Recent Accounting Pronouncements

In June 1998, the Financial Accounting Standards Board issued SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities." SFAS No. 133 establishes new accounting and reporting activities for derivatives. The
Standard requires all derivatives to be (i) measured at fair market value and (ii) recognized as either assets or liabilities in the balance sheet. Under certain conditions, a derivative may be specifically designated as a hedge. Accounting for the
changes in fair value of a derivative depends on the intended use of the derivative and the resulting designation. In July 1999, the Financial Accounting Standards Board issued SFAS No. 137, "Accounting for Derivative Instruments and Hedging Activities -
Deferral of the Effective Date of SFAS No. 133." SFAS No. 137 delays the effective date of SFAS No. 133 for one year. In June 2000, the Financial Accounting Standards Board issued SFAS No. 138, "Accounting for Certain Derivative Instruments and Certain
Hedging Activities, an amendment of SFAS No. 133." SFAS No. 138 amends certain provisions of SFAS No. 133. Adoption of the Standard is required for the Company's December 31, 2001, financial statements with early adoption allowed as of the beginning of
any quarter after June 30, 1998. Adoption is not expected to result in a material financial impact based on the Company's limited use of derivatives.



ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Total assets increased by $13.1 million to $19.9 million during the nine-month period ended September 30, 2000. More specifically, securities increased by $2.8 million to $3.5 million, loans increased by $9.3 million to
$13.1 million, fixed assets increased by $.9 million to $1.7 million, and other assets increased by $.1 million to $.2 million.

Liquidity and Sources of Capital

Liquidity is the Company's ability to meet all deposit withdrawals immediately, while also providing for the credit needs of customers. The September 30, 2000 financial statements evidence a satisfactory liquidity position as
total cash and cash equivalents amounted to $1.5 million, representing 7.4% of total assets. Investment securities, which amounted to $3.5 million or 17.4% of total assets, provide a secondary source of liquidity because they can be converted into cash in
a timely manner. The Bank is a member of the Federal Reserve System and maintains relationships with several correspondent banks and, thus, could obtain funds from these banks on short notice. The Company's management closely monitors and maintains
appropriate levels of interest earning assets and interest bearing liabilities, so that maturities of assets can provide adequate funds to meet customer withdrawals and loan demand. The Company knows of no trends, demands, commitments, events or
uncertainties that will result in or are reasonably likely to result in its liquidity increasing or decreasing in any material way. The Bank maintains an adequate level of capitalization as measured by the following capital ratios and the respective
minimum capital requirements by the Bank's primary regulators.

|                                   | Bank'sSeptember 30, 2000 | Minimum RegulatoryRequirement
|---------------------------------- | ------------------------ | -----------------------------
|Leverage ratio
Risk weighted ratio | 30.3%
28.1%              | 4.0%
8.0%                    

Results of Operations

Recall that principal operations commenced on October 25, 1999 and that from that point on the Bank was fully staffed and expenses were significantly higher than those incurred prior to commencement of principal operations. The
Registrant therefore believes that comparing pre-opening to post opening periods could be misleading and thus should be avoided. Below is a brief discussion concerning the Company's operational results for the three-month and nine-month periods ended
September 30, 2000.

Three-month period ended September 30, 2000:

For the three-month period ended September 30, 2000, net (loss) amounted to $(148,227), or $(.13) per share. Interest income amounted to $369,691 while interest expense amounted to $170,733, thus resulting in a net interest
income of $198,958. Other income, primarily from fees and charges on deposit accounts, amounted to $14,129 while operating expenses amounted to $286,314. In addition, the Bank expensed $75,000 to increase the reserve for loan losses.

Nine-month period ended September 30, 2000:

For the nine-month period ended September 30, 2000, net (loss) amounted to $(560,096), or $(.49) per share. Below is a brief explanation detailing the above results:

a.	Net interest income, which represents the difference between interest received on interest earning assets and interest paid on interest bearing liabilities, amounted to $503,226.

The net interest yield, defined as net interest income divided by average interest earning assets, amounted to 5.45%. The Company's yield on earning assets amounted to 8.93%, and the cost of funds amounted to 5.77%, resulting
in an interest margin of 3.16%. Below is pertinent information concerning the yield on earning assets and the cost of funds for the nine-month period ended September 30, 2000.

(Dollars in '000s)

|Description                 | Avg. Assets/Liabilities | InterestIncome/Expense | Yield/Cost
|--------------------------- | ----------------------- | ---------------------- | ----------
|Federal funds               | $1,500                  | $ 71                   | 6.31%     
|Securities                  | 1,918                   | 111                    | 7.72%     
|Loans                       | 8,879                   | 642                    | 9.64%     
|Total                       | $12,297                 | $824                   | 8.93%     
|Transactional accounts      | $2,143                  | $ 65                   | 4.04%     
|Savings                     | 199                     | 5                      | 3.19%     
|DC's                        | 5,091                   | 251                    | 6.57%     
|Total                       | $7,422                  | $321                   | 5.77%     
|Net interest income         |                         | $503                   |           
|Net yield on earning assets |                         |                        | 5.45%     

b.	For the nine-month period ended September 30, 2000, non-interest income amounted to $23,297, or .22% of average assets. Because the Bank is new and in need of deposits, its strategy is to attract deposits by charging little
for services. In effect, it passes on the savings to its customers rather than pay for an expensive marketing campaign to increase deposits.

c.	For the nine-month period ended September 30, 2000, non interest expense amounted to $861,619, or 8.15% of average assets. While non-interest expense as a percent of average assets is high, it is expected to decline as
economies of scale are attained. Also, as the Bank grows, fixed costs as a percent of total assets will decline.

During the nine-month period ended September 30, 2000, the allowance for loan losses has grown by $225,000 to $325,000. The allowance for loan losses as a percentage of gross loans decreased from 2.54% at December 31, 1999 to 2.42%
at September 30, 2000. Management considers the allowance for loan losses to be adequate and sufficient to absorb possible future losses; however, there can be no assurance that charge-offs in future periods will not exceed the allowance for loan losses
or that additional provisions to the allowance will not be required.

The Company is not aware of any current recommendation by the regulatory authorities which, if it was to be implemented, would have a material effect on the Company's liquidity, capital resources, or results of operations.



PART II - OTHER INFORMATION

Item 1.	Legal Proceedings.

There are no material pending legal proceedings to which the Company or the Bank is a party or of which any of their property is the subject.

Item 2.	Changes in Securities.

(a)	None.

(b)	None.

Item 3.	Defaults Upon Senior Securities.

None.

Item 4.	Submission of Matters to a Vote of Security Holders.

None

Item 5.	Other Information.

None.

Item 6.	Exhibits and Reports on Form 8-K.

A.	Exhibits:

27	Financial Data Schedule

B.	Reports on Form 8-K

There were no reports on Form 8-K filed during the quarter ended September 30, 2000.



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

|Date: November 13,2000 | HORIZON BANCORPORATION, INC.
(Registrant)
By: /S/ Charles S. Conoley
	Charles S. Conoley
	President and Chief Executive Officer
|---------------------- | -------------------------------------------------------------------------------------------------------------------------------