Headquartered in Munich, North Dakota, Horizon Financial Bank is a state-chartered bank with $201.0M in total assets and $178.5M in deposits as of Q2 2026. It operates 5 offices. Its charter dates back to 1905.
Based on its Q2 2026 filing, Horizon Financial Bank scores 61/100, which we describe as moderate. That is higher than only 20% of 2,650 banks with $100 million – $1 billion. Among 60 banks headquartered in North Dakota, it ranks 49th. Its strongest component is problem-loan coverage (82/100; 8.8%), and its lowest is loan quality (55/100; 1.34%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 12 points (73 → 61), mostly because the loan quality component weakened by 45 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 76 |
| Q3 2024 | 72 |
| Q4 2024 | 72 |
| Q1 2025 | 68 |
| Q2 2025 | 73 |
| Q3 2025 | 63 |
| Q4 2025 | 68 |
| Q1 2026 | 54 |
| Q2 2026 | 61 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 11.78% |
| Q3 2024 | 11.75% |
| Q4 2024 | 11.34% |
| Q1 2025 | 10.42% |
| Q2 2025 | 10.69% |
| Q3 2025 | 11.16% |
| Q4 2025 | 11.33% |
| Q1 2026 | 10.40% |
| Q2 2026 | 10.78% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.01% |
| Q3 2024 | 0.26% |
| Q4 2024 | 0.19% |
| Q1 2025 | 0.42% |
| Q2 2025 | 0.00% |
| Q3 2025 | 1.17% |
| Q4 2025 | 0.63% |
| Q1 2026 | 2.04% |
| Q2 2026 | 1.34% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.83% |
| Q3 2024 | 0.83% |
| Q4 2024 | 0.79% |
| Q1 2025 | 0.86% |
| Q2 2025 | 0.95% |
| Q3 2025 | 0.98% |
| Q4 2025 | 1.05% |
| Q1 2026 | 0.92% |
| Q2 2026 | 0.97% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 61 | $201.0M | 10.78% | 1.34% | 0.97% | 83.5% |
| Q1 2026 | 54 | $202.2M | 10.40% | 2.04% | 0.92% | 75.4% |
| Q4 2025 | 68 | $206.0M | 11.33% | 0.63% | 1.05% | 88.8% |
| Q3 2025 | 63 | $198.4M | 11.16% | 1.17% | 0.98% | 84.6% |
| Q2 2025 | 73 | $197.6M | 10.69% | 0.00% | 0.95% | 83.4% |
| Q1 2025 | 68 | $205.8M | 10.42% | 0.42% | 0.86% | 75.2% |
| Q4 2024 | 72 | $196.2M | 11.34% | 0.19% | 0.79% | 85.2% |
| Q3 2024 | 72 | $190.1M | 11.75% | 0.26% | 0.83% | 85.1% |
| Q2 2024 | 76 | $182.0M | 11.78% | 0.01% | 0.83% | 82.5% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in North Dakota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| State Bank & Trust of KenmareBank Kenmare, ND | 62 out of 100, Moderate | $201.1M | 9.2% | 1.10% | vs |
| Peoples State Bank of VelvaBank Velva, ND | 73 out of 100, Strong | $210.0M | 9.3% | 0.10% | vs |
| First National Bank and Trust Co. of BottineauBank Bottineau, ND | 83 out of 100, Strong | $175.9M | 13.6% | 0.75% | vs |
| The Goose River BankBank Mayville, ND | 62 out of 100, Moderate | $173.4M | 11.5% | 1.71% | vs |
| Liberty State BankBank Powers Lake, ND | 93 out of 100, Very strong | $159.0M | 13.7% | 0.09% | vs |
| Merchants BankBank Rugby, ND | 65 out of 100, Moderate | $254.3M | 10.6% | 1.25% | vs |
Deposit insurance
Is my money safe at Horizon Financial Bank?
Yes. Horizon Financial Bank is an FDIC-insured institution (FDIC certificate #15598). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 27.6% of deposits ($49.3M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.78%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
5 locations
Branches
Horizon Financial Bank lists 5 offices in 5 cities. Most locations:
- Bismarck, ND (1)
- Devils Lake, ND (1)
- Langdon, ND (1)
- Munich, ND (1)
- Osnabrock, ND (1)
Identity & history
Profile
- Legal name
- Horizon Financial Bank
- Former names
- The First State Bank of Munich
- Type
- State-chartered bank
- FDIC certificate #
- 15598
- RSSD ID
- 877350
- Primary regulator
- FDIC
- Holding company
- Munich Bancshares Inc
- Established
- January 1, 1905
- Headquarters
- 416 Main St, Munich, ND 58352
- Website
- www.horizonfinancialbank.com
- Employees
- 32
Quick answers
Horizon Financial Bank: common questions
Is Horizon Financial Bank FDIC insured?
Yes. Horizon Financial Bank is an FDIC-insured institution (FDIC certificate #15598). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Horizon Financial Bank's TellerScore?
61 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Horizon Financial Bank ever failed?
There is no failure record for FDIC certificate #15598 in the FDIC failed bank list.
How many branches does Horizon Financial Bank have?
5 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Munich
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| First United BankBank Park River, ND | 78 out of 100, Strong | $810.8M | 10.1% | 0.01% | vs |
| Bravera BankBank Dickinson, ND | 67 out of 100, Moderate | $3.8B | 9.7% | 0.90% | vs |
| Citizens State Bank of LankinBank Lankin, ND | 57 out of 100, Moderate | $72.1M | 10.1% | 1.58% | vs |