Independence Bank


Overview / Commentary
406-265-1241
435 Third Street
Havre, MT 59501

Independence Bank is headquartered in Havre and is the 5th largest bank in the state of Montana. It is also the 994th largest bank in the nation. It was established in 1973 and as of March of 2020, it had grown to 108 employees at 6 locations. Independence Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #20989
Year Established1973
Employees108
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.12%
Return on Equity - YTD15.86%
Annual Interest Income$10.5MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$807.0MM$756.4MM
LoansQ1 2020vs Q1 2019$658.5MM$628.1MM
DepositsQ1 2020vs Q1 2019$679.8MM$644.3MM
Equity CapitalQ1 2020vs Q1 2019$107.6MM$96.4MM
Loan Loss AllowanceQ1 2020vs Q1 2019$8.9MM$8.1MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$691.00K$2.5MM
Real Estate OwnedQ1 2020vs Q1 2019$86.00K$356.00K
Rates

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Locations


Independence Bank Locations
Glasgow Branch101 8th Street NorthGlasgow, MT 59230
Malta Branch135 South Second StreetMalta, MT 59538
202 Main Street Branch202 Main StreetScobey, MT 59263
214 Second Avenue Branch214 Second Avenue WPoplar, MT 59255
Independence Bank435 Third StreetHavre, MT 59501
Conrad Branch23 5th Ave SeConrad, MT 59425

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