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 March 31, 2000
                  Commission File No. 333-71773

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

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

     Suite C, 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   X       No


     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 May 12, 2000.

     Transitional  Small Business Disclosure Format (Check  one):
Yes          N    X


                             PART I
                      FINANCIAL INFORMATION

Item 1:   Financial Statements.

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

ASSETS
                                        March 31,      December 31,
                                           2000           1999
                                           ----           ----
Cash and due from banks                $  928,430    $  607,744
Federal funds sold                      1,992,000       855,000
                                        ---------     ---------
     Total cash and cash equivalents    2,920,430     1,462,744

Securities available for sale, at fair    177,900       177,900
value
Securities held to maturity, fair
market values of $987,710 and $487,800
at March 31, 2000 and December 31,      1,000,000       500,000
1999, respectively
Loans, net                             7,245,071     3,828,043
Property and equipment, net              866,321       802,997
Other assets                              85,210        75,153
                                      ----------     ---------
     Total assets                    $12,294,932    $6,846,837
                                      ==========     =========

LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities:
Non-interest bearing deposits       $  1,342,966   $   286,965
Interest bearing deposits              5,680,672     1,086,603
                                       ---------     ---------
     Total deposits                    7,023,638     1,373,568
Other liabilities                         71,459        47,926
                                       ---------     ---------
                                    $  7,095,097   $ 1,421,494
                                       ---------     ---------
Commitments and contingencies

Common stock, $.01 par value,
   25,000,000 shares authorized,
   1,146,077 shares  issued and      $    11,461   $    11,461
   outstanding
Paid-in-capital                        5,992,278     5,992,278
Retained (deficit)                      (803,904)     (578,396)
                                       ---------     ---------
  Total Stockholders' Equity           5,199,835     5,425,343
  Total Liabilities and
     Stockholders' Equity            $12,294,932    $6,846,837
                                      ==========     =========

           Refer to notes to the consolidated financial statements


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


                                            For the three months
                                               ended March 31,
                                                2000           1999
Interest and fees on loans and               $167,420          $11,505
investments
Interest expense                               36,618            2,554
                                              -------           ------
Net interest income                          $130,802          $ 8,951
Provision for loan losses                      75,000             -  -
                                              -------           ------
Net interest income after provision for      $ 55,802          $ 8,951
loan losses

Other income:
Service fees on deposit accounts           $    1,861          $  -  -
Other income                                      174             -  -
                                             --------           ------
 Total other income                        $    2,035          $  -  -

Operating Expenses:
Salaries/employee leasing                    $111,674          $31,259
Employee benefits                              24,285             -  -
Depreciation and amortization                  33,298             -  -
Organizational expenses                          -  -           25,261
Legal and professional                         25,917             -  -
Insurance expense                               3,123            2,177
Rent expense                                    3,975            2,290
Advertising & promotional                      18,414              812
Miscellaneous other expenses                   62,659            7,671
                                              -------           ------
 Total operating expenses                    $283,345          $69,470
                                              -------          -------
Net income (loss) before taxes             $(225,508)         $(60,519)

Income taxes                                     -  -             -  -
                                            --------           -------
Net (loss)                                 $(225,508)         $(60,519)
                                           =========          ========
Basic (loss) per share                     $   ( .20)         $  (2.80)
                                           =========          ========
Diluted (loss) per share                   $    (.20)         $  (2.80)
                                           =========          ========


           Refer to notes to the consolidated financial statements.


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


                                            For the three months
                                               ended March 31,
                                              2000         1999
Net cash used by operating activities    $ (103,762)  $  (73,286)
                                          ---------    ---------
Cash flows from investing activities:
  Increase in loans                      (3,492,028)        -  -
  Purchase of securities held to maturity  (500,000)        -  -
  Purchase of fixed assets                  (96,594)     (40,424)
                                         ----------    ---------
Net cash used in investing activities   $(4,088,622)  $  (40,424)
                                         ----------    ---------

Cash flows from financing activities:
  Increase in deposits                  $ 5,650,070   $     -  -
  Increase in borrowings                       -  -      103,750
                                         ----------    ---------
Net cash provided by financing
   activities                           $ 5,650,070   $  103,750
                                        -----------   ----------

Net increase in cash and cash
    equivalents                         $ 1,457,686   $  (9,960)
Cash and cash equivalents, beginning of   1,462,744      28,799
period
                                          ---------    --------
Cash and cash equivalents, end of period $2,920,430   $  18,839
                                         ==========   =========







           Refer to notes to the consolidated financial statements


                  Horizon Bancorporation, Inc.
                       Bradenton, Florida
   Consolidated Statements of Changes in Shareholders' Equity
                           (Unaudited)
    for the three-month periods ended March 31, 1999 and 2000

                 Common Stock                              Accumulated
                 ------------          Paid                   Other
                             Par        in     Retained  Comprehensive
                Shares     Value     Capital   Earnings      Income       Total
                ------     -----     -------   --------  -------------    -----
Balance,       $21,600      $216     $128,784  $(111,530)    -  -        $17,470
December 31,
    1998
Comprehensive
Income:
-------------
Net Income
(loss), three-
month period
ended March
31, 1999           -  -      -  -        -  -   (60,519)     -  -       (60,519)
Net unrealized
(losses) or
securities,
three-month
period ended
March 31, 1999     -  -      -  -        -  -      -  -      -  -         -  -
                -------      ----     -------   --------   ------      --------
Balance, March
31, 1999        $21,600      $216    $128,784  $(172,048)    -  -      $(43,048)
                =======      ====    ========   ========   ======      ========

Balance,
December 31,
1999          $1,146,077  $11,461  $5,992,278  $(478,396)   -  -     $5,425,343
              ----------  -------  ----------  ----------   ----     ----------
Comprehensive
Income:
------------
Net Income
(loss), three-
month period
ended March
31, 2000            -  -     -  -       -  -    (225,508)    -  -     (225,508)
Net unrealized
(losses) or
securities,
three-month
period ended
March 31, 2000      -  -     -  -       -  -         -  -     -  -        -  -
Balance
March 31, 2000  $1,146,077 $11,461 $5,992,278   $(803,904)    -  -   $5,199,835



    Refer to notes to the consolidated financial statements.


                  Horizon Bancorporation, Inc.
      Notes to Consolidated Financial Statements (Unaudited)
                         March 31, 2000



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, 2000
are  not  necessarily  indicative of  the  results  that  may  be
expected for the year ending December 31, 2000.  These statements
should  be  read  in conjunction with the consolidated  financial
statements and footnotes thereto included in the Annual Report on
Form 10-KSB for  the year ended December 31, 1999.


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 transactions undertaken  by  Manasota
are  reflected in the Company's financial statements as of  March
31,  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 March 31, 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, with-
out 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
March 31, 2000 and December 31, 1999, 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 in
the Annual Report  on Form 10-KSB for the year ended December 31,
1999.


Note 3 - Recent Accounting Pronouncements
         --------------------------------
      In  March, 1998, the American Institute of Certified Public
Accountants   issued   Statement  of   position   ("SOP")   98-1,
"Accounting  for  the  Costs of Computer  Software  Developed  or
Obtained  for  Internal  Use."  SOP 98-1  provides  guidance  for
capitalizing  and  expensing  the  costs  of  computer   software
developed  or  obtained for internal use.  SOP 98-1 is  effective
for   financial  statements  for  fiscal  years  beginning  after
December  15,  1998.  The adoption of SOP 98-1  did  not  have  a
material   impact  on  the  accompanying  consolidated  financial
statements.

      SFAS  No.  133, "Accounting for Derivative Instruments  and
Hedging Activities" was issued in June, 1998, and is effective for
all  calendar-year  entities beginning in  January,  2000.   This
Statement  applies  to  all  entities  and  requires   that   all
derivatives be recognized as assets or liabilities in the balance
sheet,   at  fair  values.     Gains  and  losses  of  derivative
instruments  not designated as hedges will be recognized  in  the
income   statement.   Since  the  Company  does  not  invest   in
derivative  instruments, the adoption of SFAS No.  133  does  not
have a material impact on the financial statements.

      SFAS  No.  134, "Accounting for Mortgage-Backed  Securities
Retained after the Securitization of Mortgage Loans Held for Sale
by   a  Mortgage  Banking  Enterprise"  amends  prior  accounting
standards,  primarily SPAS 65, with respect to the classification
of   retained  interests,  such  as  mortgage-backed  securities,
following a securitization of mortgage loans held for sale.  This
statement  became effective in the first quarter of 1999.   Since
the  Company  does  not securitize mortgage loans,  no  financial
statement impact has resulted from adapting this statement.



Item 2:   Management's  Discussion  and  Analysis  of   Financial
          Condition and Results of Operations.

      Total  assets  increased by $5.5 million to  $12.3  million
during  the  three-month  period  ended  March  31,  2000.   More
specifically, cash and cash equivalents increased by $1.5 million
to  $2.9  million, securities increased by $.5  million  to  $1.2
million, and loans increased by $3.5 million to $7.2 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 March 31, 2000,  financial  statements
evidence a satisfactory liquidity position as total cash and cash
equivalents amounted to $2.9 million representing 23.7% of  total
assets.  Investment securities, which amounted to $1.2 million or
9.6%  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 regulator:

                                 Banks        Minimum Regulatory
                            March 31, 2000        Requirement
                            --------------    ------------------
Leverage ratio                   50.6%               4.0%
Risk weighted ratio              54.0%               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  CAMEL
1.  The Bank's leverage ratio of 50.6% is well above the required
minimum.


Results of Operations
---------------------
      Net  loss for the three-month period ended March  31,  2000
amounted  to  $(225,508), or $(.20) per diluted share.   For  the
three-month  period ended March 31, 1999, net  loss  amounted  to
$(60,519),  or $(2.80) per diluted share.  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  period  ended
March 31, 2000:

      a.    Net  interest income, which represents the difference
between interest received on interest earning assets and interest
paid on interest bearing liabilities, amounted to $167,420.

           The net interest yield, defined as net interest income
divided  by average interest earning assets, amounted  to  6.81%.
The  Company's yield an earning assets amounted to 8.73%, and the
cost  of funds amounted to 5.21%, resulting in an interest margin
of 3.52%.  Below is pertinent information concerning the yield on
earning  assets and the cost of funds for the three-month  period
ended March 31, 2000:

                       (Dollars in '000s)
                          Avg. Assets/      Interest      Yield/
Description               Liabilities    Income/Expense    Cost
-----------               -----------    --------------    ----
Federal funds                  $1,299           $ 19      5.85%
Securities                        700             11      6.28%
Loans                           5,697            138      9.69%
                               ------            ---      -----
     Total                   $  7,696         $  168      8.73%
                                =====            ===      =====

Transactional accounts        $ 1,349          $  13      3.85%
Savings                            91              1      3.07%
CD's                            1,402             23      6.56%
                                -----             --      -----
     Total                     $2,842          $  37      5.21%
                               ======          =====      =====
Net interest income                            $ 131
                                               =====
Net  yield  on  earning                                   6.81%
assets                                                    =====

      b.    For the three-month period ended March 31, 2000, non-
interest  income  amounted to $2,035, or .08% 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 three-month period ended March 31, 2000, non-
interest  expense  amounted to $293,345,  or  13.12%  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  three-month period ended March 31,  2000,  the
allowance for loan losses has grown by $75,000 to $175,000.   The
allowance  for  loan  losses  as  a  percentage  of  gross  loans
decreased  from 2.54% at December 31, 1999, to 2.36% at March  31,
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 an 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 March 31, 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.

                              HORIZON BANCORPORATION, INC.
                                   (Registrant)

Date:  May 12, 2000               BY: /S/ Charles S. Conoley
                                     -----------------------
                                  Charles S. Conoley
                                  President, Chief Executive Officer
                                  (Principal Executive, Financial
                                  and Accounting Officer)