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, 2000
Commission File No. 333-71773HORIZON 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 August 4, 2000.

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



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PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

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

|ASSETS                                                                                                                          |              |                 
|------------------------------------------------------------------------------------------------------------------------------- | ------------ | ----------------
|                                                                                                                                | June 30,2000 | December 31,1999
|Cash and due from banks                                                                                                         | $ 563,871    | $ 607,744       
|Federal funds sold                                                                                                              | 1,377,000    | 855,000         
|Total cash and cash equivalents                                                                                                 | 1,940,871    | 1,462,744       
|Securities available for sale, at fair value                                                                                    | 190,500      | 177,900         
|Securities held to maturity, fair market values of $2,242,022 and $487,800 at June 30, 2000 and December 31, 1999, respectively | 2,270,980    | 500,000         
|Loans, net                                                                                                                      | 10,279,645   | 3,828,043       
|Property and equipment, net                                                                                                     | 1,325,053    | 802,997         
|Other assets                                                                                                                    | 104,699      | 75,153          
|Total assets                                                                                                                    | $16,111,748  | $6,846,837      
|LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                            |             
|Liabilities:                                                                                                                    |              |                 
|Non-interest bearing deposits                                                                                                   | $1,672,329   | $286,965        
|Interest bearing deposits                                                                                                       | 9,353,572    | 1,086,603       
|Total deposits                                                                                                                  | 11,025,901   | 1,373,568       
|Other liabilities                                                                                                               | 72,373       | 47,926          
|Total liabilities                                                                                                               | $11,098,274  | $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)                                                                                                              | (990,265)    | (578,396)       
|Total Stockholders' Equity                                                                                                      | 5,013,474    | 5,425,343       
|Total Liabilities and Stockholders' Equity                                                                                      | $16,111,748  | $6,846,837      

Refer to notes to the consolidated financial statements.



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

|                                                    | For the three monthended June 30,
|--------------------------------------------------- | ---------------------------------
|                                                    | 2000                             
|Interest and fees on loans and investments          | $287,283                         
|Interest expense                                    | 113,817                          
|Net interest income                                 | $173,466                         
|Provision for loan losses                           | 75,000                           
|Net interest income after provision for loan losses | $ 98,466                         
|Other income:                                       |                                  
|Service fees on deposit accounts                    | $ 6,1818                         
|Other income                                        | 952                              
|Total other income                                  | $ 7,133                          
|Operating expenses:                                 |                                  
|Salaries/employee leasing                           | $123,248                         
|Employee benefits                                   | 31,974                           
|Depreciation and amortization                       | 15,063                           
|Organizational expenses                             | - -                              
|Legal and professional                              | 20,688                           
|Insurance expense                                   | 547                              
|Rent expense                                        | 3,975                            
|Advertising & promotional                           | 18,592                           
|Miscellaneous other expenses                        | 77,874                           
|Total operating expenses                            | $291,961                         
|Net (loss) before taxes                             | $(186,362)                       
|Income taxes                                        | - -                              
|Net (loss)                                          | $(186,362)                       
|Basic (loss) per share                              | $(.16)                           
|Diluted (loss) per share                            | $(.16)                           



Refer to notes to the consolidated financial statements.



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



|                                                    | For the six monthended June 30,
|--------------------------------------------------- | -------------------------------
|                                                    | 2000                           
|Interest and fees on loans and investments          | $454,703                       
|Interest expense                                    | 150,435                        
|Net interest income                                 | $304,268                       
|Provision for loan losses                           | 150,000                        
|Net interest income after provision for loan losses | $154,268                       
|Other income:                                       |                                
|Service fees on deposit accounts                    | $ 8,042                        
|Other income                                        | 1,126                          
|Total other income                                  | $ 9,168                        
|Operating expenses:                                 |                                
|Salaries/employee leasing                           | $234,922                       
|Employee benefits                                   | 56,259                         
|Depreciation and amortization                       | 58,708                         
|Organizational expenses                             | - -                            
|Legal and professional                              | 46,605                         
|Insurance expense                                   | 3,670                          
|Rent expense                                        | 7,950                          
|Advertising & promotional                           | 37,006                         
|Miscellaneous other expenses                        | 130,185                        
|Total operating expenses                            | $575,305                       
|Net (loss) before taxes                             | $(411,869)                     
|Income taxes                                        | - -                            
|Net (loss)                                          | $(411,869)                     
|Basic (loss) per share                              | $(.36)                         
|Diluted (loss) per share                            | $(.36)                         



Refer to notes to the consolidated financial statements.



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



|                                            | For the six monthended June 30,
|------------------------------------------- | -------------------------------
|                                            | 2000                           
|Net cash used by operating activities       | $(206,236)                     
|Cash flows from investing activities        |                                
|Purchase of securities available for sale   | $ (12,600)                     
|Purchase of securities held to maturity     | (1,773,059)                    
|Purchase of fixed assets                    | (580,709)                      
|Increase in loans, net                      | (6,601,602)                    
|Net cash used in investing activities       | $(8,967,970)                   
|Cash flows from financing activities:       |                                
|Increase in borrowings                      | $9,652,333                     
|Net cash provided from financing activities | $9,652,333                     
|Net increase in cash                        | $ 478,127                      
|Cash at beginning of period                 | 1,462,744                      
|Cash at end of period                       | $1,940,871                     
|                                            |                                

Refer to notes to the consolidated financial statements.



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

|                                                        |              |           |                |                  | Accumulated
Other
Comprehensive
Income |           
|------------------------------------------------------- | ------------ | --------- | -------------- | ---------------- | -------------------------------------- | ----------
|                                                        |              |           |                |                  |                                       
|                                                        | Common Stock |           |                |                 
|                                                        | Shares       | Par Value | Paid inCapital | RetainedEarnings | Total                                 
|Balance,
December 31, 1998                              | 21,600       | $ 216     | $128,784       | $(111,530)       | $ - -                                  | $ 17,470  
|Comprehensive Income:                                   |              |           |                |                  |                                        |           
|Net income (loss), six-month period ended June 30, 1999 | - -          | - -       | - -            | (30,531)         | - -                                    | (130,531) 
|Balance,
June 30, 1999                                  | 21,600       | $ 216     | $128,784       | $(242,061)       | $ - -                                  | $(113,061)
|Balance,
December 31, 1999                              | 1,146,077    | $11,461   | $5,992,278     | $(578,396)       | $ - -                                  | $5,425,343
|Comprehensive Income:                                   |              |           |                |                  |                                        |           
|Net income (loss), six-month period ended June 10, 2000 | - -          | - -       | - -            | (411,869)        | - -                                    | (411,869) 
|Balance,
June 30, 2000                                  | 1,146,077    | $11,461   | $5,992,278     | $(990,265)       | $ - -                                  | $5,013,474



Refer to notes to the consolidated financial statements.



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Horizon Bancorporation, Inc.
Notes to Consolidated Financial Statements (Unaudited)
June 30, 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 six-month period ended June 30, 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 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 transaction undertaken by Manasota are reflected in the Company's financial statements as of June 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 June 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,



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

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, 2000 and December 31, 1999, there were no shares of the Company's preferred stock issued or outstanding. During the six-month period ended June 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 June 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 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 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



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



by a Mortgage Banking Enterprise" amends prior accounting standards, primarily SFAS 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 adopting this statement.

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

Total assets increased by $9.3 million to $16.1 million during the six-month period ended June 30, 2000. More specifically, cash and cash equivalents increased by $.5 million to $1.9 million, securities increased by $1.8
million to $2.5 million, loans increased by $6.5 million to $10.3 million, and fixed assets increased by $.5 million to $1.3 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 June 30, 2000 financial statements evidence a satisfactory liquidity position as total
cash and cash equivalents amounted to $1.9 million, representing 12.0% of total assets. Investment securities, which amounted to $2.5 million or 15.3% 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, 2000 | Minimum RegulatoryRequirement
|------------------- | ------------------- | -----------------------------
|Leverage ratio      | 37.4%               | 4.0%                         
|Risk weighted ratio | 37.7%               | 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 37.4% is well above the required minimum.



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 six-month periods ended June
30, 2000.

Three-month period ended June 30, 2000:

For the three-month period ended June 30, 2000, net (loss) amounted to $(186,362), or $(.16) per share. Interest income amounted to $287,283 while interest expense amounted to $113,817, thus resulting in a net interest income
of $173,466. Other income, primarily from fees and charges on deposit accounts, amounted to $7,133 while operating expenses amounted to $291,961. In addition, the Bank expensed $75,000 to increase the reserve for loan losses.

Six-month period ended June 30, 2000:

For the six-month period ended June 30, 2000, net (loss) amounted to $(411,869), or $(.36) 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 $304,268.

The net interest yield, defined as net interest income divided by average interest earning assets, amounted to 5.89%. The Company's yield on earning assets amounted to 8.82%, and the cost of funds amounted to 5.56%, resulting in an
interest margin of 3.26%. Below is pertinent information concerning the yield on earning assets and the cost of funds for the six-month period ended June 30, 2000.

(Dollars in '000s)

|Description                 | Avg. Assets/Liabilities | InterestIncome/Expense | Yield/Cost
|--------------------------- | ----------------------- | ---------------------- | ----------
|Federal funds               | $ 1,497                 | $ 47                   | 6.28%     
|Securities                  | 1,393                   | 49                     | 7.04%     
|Loans                       | 7,426                   | 359                    | 9.67%     
|Total                       | $10,316                 | $455                   | 8.82%     
|Transactional accounts      | $ 1,824                 | $ 37                   | 4.05%     
|Savings                     | 149                     | 2                      | 3.00%     
|DC's                        | 3,454                   | 112                    | 6.49%     
|Total                       | $ 5,427                 | $151                   | 5.56%     
|Net interest income         |                         | $304                   |           
|Net yield on earning assets |                         |                        | 5.89%     

b.	For the six-month period ended June 30, 2000, non-interest income amounted to $9,168, 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 six-month period ended June 30, 2000, non interest expense amounted to $575,305, or 4.87% 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 six-month period ended June 30, 2000, the allowance for loan losses has grown by $150,000 to $250,000. The allowance for loan losses as a percentage of gross loans decreased from 2.54% at December 31, 1999 to 2.37% at June
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.



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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.

At the annual meeting of the shareholders, which took place on May 18, 2000, two matters were voted upon: (a) approval of the Registrant's Employee Incentive Stock Option Plan and (b) election of four Class I directors and one
Class III director. Management solicited proxies for the meeting, there was no solicitation in opposition to management's nominees for director and all such nominees were elected.

A total of (a) 706,496 votes were cast in favor and 400 votes were cast against the proposal to approve the Employee Incentive Stock Option Plan and (b) 705,996 votes were cast in favor and 900 votes abstained or withheld authority
with respect to the election of directors.

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 June 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.

HORIZON BANCORPORATION, INC.

(Registrant)



Date:	August 4, 2000	 		BY:	/S/ Charles S. Conoley							Charles S. Conoley
							President and Chief Executive Officer