# HORIZON FINANCIAL BANK
MUNICH, ND · FDIC certificate 15598 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $201.0M | |
| Deposits | $178.5M | |
| Loans and leases | $150.8M | |
| Total equity | $21.2M | |
| Loans / deposits | 83.48% (p68 of band) | 73.59% |
| Liquid assets / assets | 18.41% (p18 of band) | |
| Uninsured deposits / deposits | 27.59% (p76 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.78% (p37 of band) | 11.76% |
| Unrealized securities loss / equity | -4.42% (p59 of band) | -6.57% |
| AOCI / equity | -0.89% (p30 of band) | |
| ROA (annualized) | 0.97% (p38 of band) | 1.17% |
| Net interest margin | 3.93% (p50 of band) | 3.93% |
| Efficiency ratio | 64.99% (p48 of band) | |
| Noncurrent loans | 1.34% (p77 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | 84.51% | |
| Real estate % of loans | 41% | |
| Construction % of loans | 17.81% (p50 of band) | |
| Auto loans | $1.7M (1.12% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 1.8% | |
| Employees | 32 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | capital falling |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 | loans exceed deposits | capital falling |
| 2012-09 | 1 | brokered >10% | loans exceed deposits |
| 2012-12 | 3 | wholesale funding >15%, capital falling |  |
| 2013-03 | 0 |  | brokered >10%, wholesale funding >15%, capital falling |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | capital falling |  |
| 2014-03 | 0 |  | capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 3 | brokered >10%, wholesale funding >15%, uninsured deposits leaving |  |
| 2014-12 | 4 | capital falling |  |
| 2015-03 | 3 |  | capital falling |
| 2015-06 | 4 | loans exceed deposits |  |
| 2015-09 | 1 |  | wholesale funding >15%, uninsured deposits leaving, loans exceed deposits |
| 2015-12 | 2 | capital falling |  |
| 2016-03 | 0 |  | brokered >10%, capital falling |
| 2016-06 | 1 | assets shrinking |  |
| 2016-09 | 1 | deposits shrinking | assets shrinking |
| 2016-12 | 2 | assets shrinking |  |
| 2017-03 | 0 |  | deposits shrinking, assets shrinking |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | capital falling |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | capital falling |  |
| 2019-03 | 0 |  | capital falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | reserve under noncurrent |  |
| 2019-12 | 1 | capital falling | reserve under noncurrent |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 0 |  | capital falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 0 |  | capital falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | NIM <2.5% |  |
| 2022-06 | 1 | capital falling | NIM <2.5% |
| 2022-09 | 0 |  | capital falling |
| 2022-12 | 0 |  |  |
| 2023-03 | 0 |  |  |
| 2023-06 | 2 | deposits shrinking, assets shrinking |  |
| 2023-09 | 0 |  | deposits shrinking, assets shrinking |
| 2023-12 | 0 |  |  |
| 2024-03 | 2 | deposits shrinking, assets shrinking |  |
| 2024-06 | 0 |  | deposits shrinking, assets shrinking |
| 2024-09 | 0 |  |  |
| 2024-12 | 1 | capital falling |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 0 |  | capital falling |
| 2025-09 | 1 | reserve under noncurrent |  |
| 2025-12 | 0 |  | reserve under noncurrent |
| 2026-03 | 1 | reserve under noncurrent |  |
| 2026-06 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2016-07-30 [In Munich, N.D., everyone knows your name - and offers a simple way of life - Grand Forks Herald](https://news.google.com/rss/articles/CBMirwFBVV95cUxQejhrX0ZHMkpuZGg3alQ2MDZVTHFpT1ZVc3RObTJMT0NhdlRIUEdrSmg1aG9CR0t6S3FEVEwtMGNrQWFzXzd6VXNjSnB0T2dDeFo5MWdITkU3ZHhFSmEybDdnZUFWUGZUX3hJbGI0NVZJT0YwTF8wLV9HRXZNZktUU2lGZ1JFbWFNcE13YmN3aDZmcEhFbHppTG05WDRMNzZKVkZpUTVqOVBDUHl0c0ZJ?oc=5) · Grand Forks Herald

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15598 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/46.json (key "15598", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide