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Horizon Financial Bank

Munich, ND
IDRSSD: 877350
Total Assets
$198.40M
Latest filing
Total Deposits
$175.49M
Latest filing
Net Interest Margin
3.91%
Profitability
0

Quarterly Trends

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Total Assets vs Total Liabilities

Loans & Leases vs Deposits

Interest Income vs Expense

Net Interest Income

Noninterest Expense vs Income

Net Income

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Institution Profile

Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date01/01/1905
Community BankYes
Ownership TypeNot Mutual
ZIP58352
State and County Number38019
Subchapter S CorporationsNo
Trust PowersN/A
Federal Reserve ID Number09
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictKansas City
Core Based Statistical Area NameN/A

Operational Info

Number of Employees31
Domestic Offices5
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date06/30/2024
Date of Deposit Insurance05/02/1938
Primary Insurance AgencyDIF
Websitehttp://www.HorizonFinancialBank.com
Data Updated11/14/2025
CERT15598
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$198.40M
Total Deposits$175.49M
Total Liabilities$176.75M
Total Equity Capital$21.64M
Net Income$507.00k
Net Loans and Leases$148.39M
Assets Per Employee ($Millions)$6.4M
Bank Premises and Fixed Assets$6.63M
Cash and Balances due from Depository Institutions$7.35M
Deposits Held in Domestic Offices$175.49M

Key Performance Ratios

Return on Assets (ROA)1.02%
Return on Equity (ROE)9.52%
Net Interest Margin3.91%
Efficiency Ratio63.1%
Tier 1 Risk-Based Capital Ratio0%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0.04%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets10.909%
Earning Assets to total Assets91.13%

Income and Expense

Total Interest Income$2.77M
Total Noninterest Income$92.00k
Total Interest Expense$1.00M
Total Noninterest Expense$1.17M
Net Interest Income$1.77M
Pre-tax Net Operating Income$666.00k
Provision for Credit Losses$20.00k
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$0
Other borrowed funds$0
Federal Funds Sold & Reverse Repurchase Agreement$0
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$1.26M
Total Liabilities and Capital$198.40M

Securities

Securities$26.60M
Available-for-sale debt securities$26.54M
Equity securities with readily determinable fair values not held for trading$0
Held-to-maturity securities$0
Subordinated Debt$0
Trading Account Assets$0
Trading Liabilities$0

Frequently Asked Questions

What are the total assets of Horizon Financial Bank?
$198.40M as of the latest filing.
How much are Horizon Financial Bank's total deposits?
$175.49M in total deposits.
Where is Horizon Financial Bank located?
Munich, ND.
What is the Net Interest Margin?
3.91%.
How many domestic offices does it operate?
5.
When was it established?
01/01/1905.
What is the Return on Assets (ROA)?
1.02%.
How much are total loans and leases?
$148.39M (latest filing).
What is the total interest income (latest filing)?
$2.77M.