Overview / Commentary
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
A
Data as of Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20989 |
| Year Established | 1973 |
| Employees | 108 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.12% |
| Return on Equity - YTD | 15.86% |
| Annual Interest Income | $10.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $807.0MM$756.4MM |
| Loans | Q1 2020vs Q1 2019 | $658.5MM$628.1MM |
| Deposits | Q1 2020vs Q1 2019 | $679.8MM$644.3MM |
| Equity Capital | Q1 2020vs Q1 2019 | $107.6MM$96.4MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $8.9MM$8.1MM |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $691.00K$2.5MM |
| Real Estate Owned | Q1 2020vs Q1 2019 | $86.00K$356.00K |