Horizon Financial Bank
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Data as of · sourced from FFIEC call reports. How we update
Horizon Financial Bank is an FDIC-insured commercial bank headquartered in Munich, ND, established in 1905 (FDIC certificate 15598), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $201.0M, up 1.7% from Q2 2025, the 35th largest of 60 banks headquartered in North Dakota. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.78% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15598
- Headquarters
- Munich, ND
- Established
- 1905
- Total assets, Q2 2026
- $201.0M
- Assets vs Q2 2025
- +1.7%
- Tier 1 leverage ratio, Q2 2026
- 10.78%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 091302762
- Latest call report
- Q2 2026, FFIEC 051 · Horizon Financial Bank call report
- Holding company
- MUNICH BANCSHARES, INC.
- Asset rank in state
- 35th of 60 in North Dakota
Problem loans are rising at Horizon Financial Bank. Based in Munich, North Dakota, it had $201 million in assets at June 30, 2026, up 1.7% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.34% of loans from 0.00% a year earlier. It holds commercial real estate loans equal to only 38% of its capital, about a third the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it carries problem assets equal to 8.8% of the capital and reserves that would absorb them, about triple the median of 2.6% for banks its size.
As of June 30, 2026, Horizon Financial Bank reported a return on assets of 1.02%, a nonperforming-loan ratio of 1.34% and a Texas ratio of 8.84%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Horizon Financial Bank is the 35th largest of the 60 banks headquartered in North Dakota. Between Q1 2026 and Q2 2026, its total assets fell 0.6% to $201.0M, loans rose 9.6% and deposits fell 1.0%. The largest part of its loan book on June 30, 2026 was agricultural production loans, at 47.0% of total loans, ahead of farmland and other real estate loans at 26.5%. Its 5 offices in the FDIC Summary of Deposits are in 5 cities in ND; its Munich office books 31% of its branch deposits. On its Q2 2026 call report, Horizon Financial Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 416 Main St, Munich, ND 58352
- County
- Cavalier
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1905
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 32
- Domestic deposits
- $178.5M
- Allowance for credit losses
- $1.7M
- Net charge-offs (YTD)
- $0
- Average total assets
- $202.7M
- Average total loans
- $133.0M
- Average interest-bearing deposits
- $141.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 2, 1938
- FDIC Cert
- 15598
- Fed RSSD
- 877350
- Parent Holding Company
- MUNICH BANCSHARES, INC. (RSSD 1126626)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Horizon Financial Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Horizon Financial Bank's total assets moved between a low of $182.0M (Q2 2024) and a high of $206.0M (Q4 2025) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$201.0M total assets against $197.6M; $179.8M total liabilities against $176.7M.
$149.1M net loans and leases against $146.2M; $178.5M total deposits against $175.4M.
$28.9M securities against $25.2M; $8.1M cash and balances due against $10.9M.
$2.7M total interest income against $2.8M; $894K total interest expense against $1.1M.
$1.8M net interest income against $1.7M.
$105K total noninterest income against $90K; $1.2M total noninterest expense against $1.1M.
$25K provision for credit losses against $30K.
$518K net income against $522K.
1.02% return on assets against 1.03%; 3.96% net interest margin against 3.70%.
10.78% tier 1 leverage ratio against 10.69%.
Inside the full Horizon Financial Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeHorizon Financial Bank rankings
Its closest position to the top of a national ranking is 740 of 3,640, for Texas Ratio; its furthest is 2,957 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.69% (Q4 2024) to 1.29% (Q4 2025) and its net interest margin ran from 3.41% (Q1 2025) to 4.01% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.78% | 1.02% | 1.34% | 8.84% | 3.96% |
| Q1 2026 | 10.40% | 0.91% | 2.04% | 12.51% | 3.85% |
| Q4 2025 | 11.33% | 1.29% | 0.63% | 4.16% | 4.01% |
| Q3 2025 | 11.16% | 1.02% | 1.17% | 7.56% | 3.87% |
| Q2 2025 | 10.69% | 1.03% | 0.00% | 0.00% | 3.70% |
| Q1 2025 | 10.42% | 0.85% | 0.42% | 2.64% | 3.41% |
| Q4 2024 | 11.34% | 0.69% | 0.19% | 1.26% | 3.59% |
| Q3 2024 | 11.75% | 0.85% | 0.26% | 1.63% | 3.49% |
Swipe the table sideways to see every column.
Branch Network
View all 5 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Horizon Financial Bank (main office) | Munich , ND | 58352 | $55.7M |
| Devils Lake Branch | Devils Lake , ND | 58301 | $40.0M |
| Bismark Branch | Bismarck , ND | 58501 | $36.4M |
| Langdon Branch | Langdon , ND | 58249 | $28.8M |
| Osnabrock Branch | Osnabrock , ND | 58269 | $17.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in ND, rank 40 of 70 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $55K approved, $55K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2022 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Horizon Financial Bank
What are Horizon Financial Bank's total assets?
As of the Q2 2026 filing, Horizon Financial Bank reported total assets of $201.0 million in its FFIEC call report.
Where is Horizon Financial Bank headquartered?
It is headquartered in Munich, ND, United States.
When was Horizon Financial Bank founded?
It was established in 1905, per the FDIC institution directory.
Is Horizon Financial Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15598). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Horizon Financial Bank?
Horizon Financial Bank's primary federal regulator is the FDIC.
How many branches does Horizon Financial Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Horizon Financial Bank's Texas Ratio?
Its Texas Ratio is 8.84% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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