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 June 30, 2001
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.)
|-------------------------------- | -----------------------------------------------

900 53rd Avenue East, Bradenton, Florida 34203(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 August 6, 2001.

Transitional Small Business Disclosure Format (Check one): Yes ___ No X

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

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

|ASSETS                                                                                                                               | June 30,2001                                               | December 31,2000                                       
|------------------------------------------------------------------------------------------------------------------------------------ | ---------------------------------------------------------- | -------------------------------------------------------
|Cash and due from banks
Federal funds sold
Total cash and cash equivalents                                                           | $2,181,533900,000
3,081,533                                | $1,303,9462,149,000
3,452,946                          
|Securities available for sale, at fair value                                                                                         | 3,289,598                                                  | 190,500                                                
|Securities held to maturity, fair market values of $3,841,830 and $6,338,152 at June 30, 2001 and December 31, 2000, respectively    | 3,796,360                                                  | 6,334,341                                              
|Loans, net
Property and equipment, net
Other assets
	Total Assets                                                                    | 26,657,535
1,797,315254,764$38,877,105                     | 15,770,445
1,702,647207,344
$27,658,223                
|LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                
|Liabilities:
Non-interest bearing deposits
Interest bearing deposits
Total deposits
Note payable
Other liabilities
Total Liabilities | $ 3,745,13930,257,930
34,003,069
385,315132,926$34,521,310 | $ 2,434,83820,400,680
22,835,518
- - 94,351
$22,929,869
|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)                                                                                                                   | (1,646,037)                                                | (1,275,385)                                            
|Accumulated other comprehensive income                                                                                               | 1,907                                                      | - -                                                    
|Total Stockholders' Equity                                                                                                           | 4,355,795                                                  | 4,728,354                                              
|Total Liabilities and Stockholders' Equity                                                                                           | $38,877,105                                                | $27,658,223                                            

Refer to notes to the consolidated financial statements.

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

|                                                                                                                                                                                                                                  | For the three monthsended June 30,                                          
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------
|                                                                                                                                                                                                                                  | 2001                                                                        
|Interest and fees on loans and investments                                                                                                                                                                                        | $708,344                                                                    
|Interest expense                                                                                                                                                                                                                  | 383,068                                                                     
|Net interest income                                                                                                                                                                                                               | $325,276                                                                    
|Provision for loan losses                                                                                                                                                                                                         | 112,297                                                                     
|Net interest income after provision for loan losses                                                                                                                                                                               | $212,979                                                                    
|Other income:                                                                                                                                                                                                                     |                                                                             
|Service fees on deposit accounts                                                                                                                                                                                                  | $17,975                                                                     
|Other income                                                                                                                                                                                                                      | 1,988                                                                       
|Total other income                                                                                                                                                                                                                | $19,963                                                                     
|Operating expenses:
Salaries 
Employee benefits
Depreciation and amortization
Data processing
Legal and professional
Regulatory assessments
Insurance expense
Rent expense
Advertising & promotional
Miscellaneous other expenses | $200,595
46,638
41,046
34,435
31,623
2,397
4,957
9,540
21,06772,520
$464,818
|Total operating expenses                                                                                                                                                                                                         
|Net income (loss) before taxes                                                                                                                                                                                                    | $(231,876)                                                                  
|Income taxes                                                                                                                                                                                                                      | - -                                                                         
|Net (loss)                                                                                                                                                                                                                        | $(231,876)                                                                  
|Basic (loss) per share                                                                                                                                                                                                            | $(.20)                                                                      
|Diluted (loss) per share                                                                                                                                                                                                          | $(.20)                                                                      

Refer to notes to the consolidated financial statements.

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

|                                                                                                                                                                                                                                  | For the six monthsended June 30,                                               
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------
|                                                                                                                                                                                                                                  | 2001                                                                           
|Interest and fees on loans and investments                                                                                                                                                                                        | $1,301,225                                                                     
|Interest expense                                                                                                                                                                                                                  | 731,368                                                                        
|Net interest income                                                                                                                                                                                                               | $569,857                                                                       
|Provision for loan losses                                                                                                                                                                                                         | 122,297                                                                        
|Net interest income after provision for loan losses                                                                                                                                                                               | $447,560                                                                       
|Other income:                                                                                                                                                                                                                     |                                                                                
|Service fees on deposit accounts                                                                                                                                                                                                  | $40,549                                                                        
|Other income                                                                                                                                                                                                                      | 5,495                                                                          
|Total other income                                                                                                                                                                                                                | $46,044                                                                        
|Operating expenses:
Salaries 
Employee benefits
Depreciation and amortization
Data processing
Legal and professional
Regulatory assessments
Insurance expense
Rent expense
Advertising & promotional
Miscellaneous other expenses | $366,892
91,302
81,502
60,958
42,663
7,102
9,662
9,540
43,639150,996
$  864,256
|Total operating expenses                                                                                                                                                                                                         
|Net income (loss) before taxes                                                                                                                                                                                                    | $(370,652)                                                                     
|Income taxes                                                                                                                                                                                                                      | - -                                                                            
|Net (loss)                                                                                                                                                                                                                        | $(370,652)                                                                     
|Basic (loss) per share                                                                                                                                                                                                            | $(.32)                                                                         
|Diluted (loss) per share                                                                                                                                                                                                          | $(.32)                                                                         

Refer to notes to the consolidated financial statements.



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

|                                            | For the six monthsended June 30,
|------------------------------------------- | --------------------------------
|                                            | 2001                            
|Net cash used by operating activities       | $(168,936)                      
|Cash flows from investing activities:       |                                 
|Securities available for sale:
Purchases    | $(4,294,103)                    
|Maturities and pay downs                    | 1,184,790                       
|Securities held-to-maturity:                |                                 
|Purchases                                   | - -                             
|Maturities and pay downs                    | 2,539,472                       
|Purchase of fixed assets                    | (176,115)                       
|Increase n loans, net                       | (11,009,387)                    
|Net cash used in investing activities       | $(11,755,343)                   
|Cash flows from financing activities:       |                                 
|Increase in borrowings
Increase in deposits | $ 385,31511,167,551             
|Net cash provided from financing activities | $11,552,866                     
|Net (decrease) in cash                      | $ (371,413)                     
|Cash at beginning of period                 | 3,452,946                       
|Cash at end of period                       | $3,081,533                      



Refer to notes to the consolidated financial statements.



Horizon Bancorporation, Inc.
Bradenton, Florida
Consolidated Statements of Changes in Shareholders' Equity (Unaudited)
for the six-month periods ended June 30, 2000 and 2001

|                                                                                                    | Common Stock | Paid inCapital | RetainedEarnings | Accumulated
Other
ComprehensiveIncome |                
|--------------------------------------------------------------------------------------------------- | ------------ | -------------- | ---------------- | ------------------------------------- | ---------------
|                                                                                                    | Shares       | Par Value      | Total           
|Balance,
December 31, 1999                                                                          | 1,146,077    | $11,461        | $5,992,278       | $(578,396)                            | $ - -          
|Comprehensive Income:
Net income (loss),
three-month period 
ended June 30, 2000                    | - -          | - -            | - -              | (411,869)                             | - -            
|Total comprehensive income                                                                          | - -          | - -            | - -              | (411,869)                             | - -            
|Balance,
June 30, 2000                                                                              | 1,146,077    | $11,461        | $5,992,278       | $ (990,265)                           | $ - -          
|                                                                                                    |              |                |                  |                                       |                
|Balance, December 31, 2000                                                                          | 1,146,077    | $11,461        | $5,992,278       | $(1,275,385)                          | $ - -          
|Comprehensive Income:
Net income (loss),
six-month period 
ended June 30, 2001                      | - -          | - -            | - -              | (370,652)                             | - -            
|Net unrealized gains on securities, six-month period ended June 30, 2001
Total comprehensive income | - -
- -      | - -
- -        | - -
- -          | - -
(370,652)                         | (1,907)
(1,907)
|Balance,
June 30, 2001                                                                              | 1,146,077    | $11,461        | $5,992,278       | $(1,646,037)                          | $(1,907)       









Refer to notes to the consolidated financial statements.



Horizon Bancorporation, Inc.
Notes to Consolidated Financial Statements (Unaudited)
June 30, 2001

Note 1 - Basis of Presentation

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-QSB. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three-month period ended March 31, 2001 are not necessarily indicative of the results that may be expected for the year ending December 31, 2001. These statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in Form 10-KSB for the year ended December 31, 2000.

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 March 31, 2001, 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. During the second calendar quarter of 2001, the Company injected an additional $1.0 million into the Bank's capital accounts. Most of the $1.0 million capital injection was provided from cash on hand while the remaining was borrowed.

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 June 30, 2001 and December 31, 2000, 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 June 30, 2001 and December 31, 2000, there were no shares of the Company's preferred stock issued or outstanding. The Company's Articles of Incorporation and Bylaws contain certain provisions that might be deemed to have potential defensive "anti takeover" effect. These certain provisions are more fully described on Form 10-KSB for the year ended December 31, 2000.

Note 3 - Recent Accounting Pronouncements

In June, 1998, the Financial Accounting Standards Board ("FASB") issued Statement of Financial Accounting Standards No. 133, "Accounting for Derivative Instruments and Hedging Activities." Statement No. 133 establishes accounting and reporting standards requiring that every derivative instrument (including certain derivative instruments embedded in other contracts) be recorded in the balance sheet as either an asset or a liability measured at its fair value. The Statement requires that changes in the derivative instrument's fair value be recognized currently in earnings unless specific hedge accounting criteria are met. Statement No. 133, as amended, is effective for fiscal years beginning after June 15, 2000. The Company adopted Statement No. 133 as of September 30, 2000. The adoption of Statement No. 133 did not have a material impact on the financial position or results of operations of the Company.

In September, 2000, FASB issued Statement No. 140, "Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities." This new Statement replaces Statement No. 125, issued in June, 1996. Statement No. 140 resolves certain implementation and other issues that have arisen since the initial adoption of Statement No. 125, but it carries over most of Statement No. 125's provisions without change. Statement No. 140 is effective for transfers occurring after March 31, 2001 and for disclosures relating to securitization transactions and collateral for fiscal years ending after December 15, 2000. The adoption of Statement No. 140 will not have a significant impact on the financial position or results of operations of the Company.



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

Total assets increased by $11.2 million to $38.9 million during the six-month period ended June 30, 2001. More specifically, cash and cash equivalents decreased by $.4 million to $3.1 million, securities increased by $.6 million to $7.1 million, and loans increased by $11.0 million to $26.7 million. To fund the $11.2 million increase in assets, customer deposits were increased by $11.2 million to $34.0 million, borrowings increased by $.4 million to $.4 million, and the capital accounts decreased by $.4 million to $4.4 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 March 31, 2001, financial statements evidence a satisfactory liquidity position as total cash and cash equivalents amounted to $2.6 million, representing 8.1% of total assets. Investment securities, which amounted to $7.5 million or 23.0% 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'sJune 30, 2001 | Minimum RegulatoryRequirement
|---------------------------------- | ------------------- | -----------------------------
|Leverage ratio
Risk weighted ratio | 14.3%
17.3%         | 4.0%
8.0%                    

With respect to the leverage ratio, the regulators expect a minimum of 5.0% to 6.0% ratio for banks that are not rated CAMELS 1. The Bank's leverage ratio of 14.3% and risk weighted ratio of 17.3% are well above the required minimum.

On June 25, 2001, the Bank opened its second location, a branch located in Bradenton, Florida. In anticipation of the growth in deposits, the Company injected $1.0 million into the Bank's capital accounts. The Company utilized approximately $400,000 from a $500,000 line of credit plus approximately $600,000 of its own funds to fund the capital injection.

Results of Operations

For the three-month periods ended June 30, 2001 and 2000, net losses amounted to $231,876 and $186,362, respectively. On a per share basis, during the three-month periods ended June 30, 2001 and 2000, diluted losses amounted to $.20 and $.16, respectively. The reasons for the increased loss during the three-month period ended June 30, 2001, when compared to the three-month period ended June 30, 2000, are as follows:

a.	Because the Bank is asset sensitive (as opposed to liability sensitive), the general environment of declining interest rates has a negative impact, at least on a temporary basis, on net interest yield. When the prime rate of interest changes, loans that are tied to the prime rate of interest are repriced more quickly and more often than deposits, which are rarely tied to the prime rate of interest.

b.	Net overhead expense, defined as non-interest expense less non-interest income, increased from $284,828 during the three-month period ended June 30, 2000, to $444,855 during the three-month period ended June 30, 2001, an increase of $160,027 or 56.2%. A substantial portion of the above increase is due to expenses incurred in anticipation of the opening of the second branch. In fact, the Bank had to hire the branch's personnel at least two-to-three months prior to opening in order to train them an familiarize them with the Bank's systems, policies and procedures.

c.	Provision for loan losses, an expense not included in net overhead expense discussed above, increased from $75,000 during the three-month period ended June 30, 2000, to $112,297 during the three-month period ended June 30, 2001, an increase of $37,297 or 49.7%.

For the six-month periods ended June 30, 2001 and 2000, net losses amounted to $370,652 and $411,869, respectively. On a per share basis, during the six-month periods ended June 30, 2001, and 2000, diluted losses amounted to $.32 and $.36, respectively. Below is a brief discussion concerning the Company's operational results for the six-month period ended June 30, 2001, as compared to the six month period ended June 30, 2000:

a.	Interest income, which represents interest received on interest earning assets, increased from $454,703 for the six-month period ended June 30, 2000, to $1,301,225 for the six-month period ended June 30, 2001, an increase of $846,522. The cost of funds, which represents interest paid on deposits and borrowings, increased as well, from $150,435 for the six-month period ended June 30, 2000, to $731,368 for the six-month period ended June 30, 2001, an increase of $580,933.

Net interest yield, defined as net interest income divided by average interest earning assets, decreased from 5.89% during the six-month period ended June 30, 2000, to 3.79% during the six-month period ended June 30, 2001. This significant decrease is due to the fact that the Company's capital accounts, which represent an interest-free source of funding, amounted to a much smaller percentage of average assets during the six-month period ended June 30, 2001, when compared to the six-month period ended June 30, 2000. In addition, the declining interest rate environment, coupled with the fact that the Bank is asset sensitive, resulted in a decrease in the net yield on earning assets. On a positive note, the net yield on earning assets increased from 3.54% for the three-month period ended March 31, 2001, to 3.79% for the six-month period ended June 30, 2001. Below is pertinent information concerning the yield on earning assets and the cost of funds for the six-month period ended June 30, 2001.

(Dollars in '000s)

|Description                 | Avg. Assets/Liabilities | InterestIncome/Expense | Yield/Cost
|--------------------------- | ----------------------- | ---------------------- | ----------
|Federal funds               | $ 1,879                 | $ 53                   | 5.64%     
|Securities                  | 7,293                   | 247                    | 6.77%     
|Loans                       | 20,911                  | 1,001                  | 9.57%     
|Total                       | $30,083                 | $1,301                 | 8.65%     
|Transactional accounts      | $ 5,211                 | $ 91                   | 3.49%     
|Savings                     | 556                     | 9                      | 3.24%     
|CD's                        | 19,527                  | 628                    | 6.42%     
|Borrowings                  | 95                      | 3                      | 6.31%     
|Total                       | $25,434                 | $731                   | 5.75%     
|Net interest income         |                         | $570                   |           
|Net yield on earning assets |                         |                        | 3.79%     

b.	For the six-month period ended June 30, 2001, non-interest income amounted to $46,044, or .28% of average assets. By comparison, non interest income for six-month period ended June 30, 2000, amounted to $9,168, or .16% of average assets. The majority of the increase was caused by the increase in transactional account volume.

c.	For the six-month period ended June 30, 2001, non-interest expense amounted to $864,256, or 5.19% of average assets. By comparison, for the six-month period ended June 30, 2000, non interest expense amounted to $575,305, or 9.73% of average assets. This decrease is primarily due to the improvement of operational efficiencies.

During the six-month period ended June 30, 2001, the allowance for loan losses increased to $383,110. The allowance for loan losses as a percentage of gross loans decreased from 2.17% at December 31, 2000, to 1.42% at June 30, 2001. The decline is due to loan charge-offs and to the increase in the outstanding balance of the loan portfolio. 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:

None

B.	Reports on Form 8-K

There were no reports on Form 8-K filed during the quarter ended June 30, 2001.



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: August 6, 2000 | HORIZON BANCORPORATION, INC.
(Registrant)
By: /S/ Charles S. Conoley
	Charles S. Conoley
	President and Chief Executive Officer
	(Principal Executive, Financial and 
	Accounting Officer)
|-------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------