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

Independence Bank is headquartered in Havre and is the 6th largest bank in the state of Montana. It is also the 1,098th largest bank in the nation. It was established in 1973 and as of March of 2018, it had grown to 102 employees at 7 locations. Independence Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #20989
Year Established1973
Employees102
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.83%
Return on Equity - YTD14.21%
Annual Interest Income$8.4MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$675.8MM$677.7MM
LoansQ1 2018vs Q1 2017$569.6MM$529.5MM
DepositsQ1 2018vs Q1 2017$565.6MM$570.5MM
Equity CapitalQ1 2018vs Q1 2017$89.3MM$84.7MM
Loan Loss AllowanceQ1 2018vs Q1 2017$7.4MM$6.8MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.3MM$7.8MM
Real Estate OwnedQ1 2018vs Q1 2017$107.00K$167.00K
Rates

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Locations


Independence Bank Locations
Glasgow Branch125 Fourth Street SouthGlasgow, 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
Third Avenue Branch410 3rd AvenueHavre, MT 59501

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