Overview / Commentary
Independence Bank is headquartered in Havre and is the 5th largest bank in the state of Montana. It is also the 997th largest bank in the nation. It was established in 1973 and as of June of 2019, it had grown to 107 employees at 6 locations. Independence Bank has an A+ health rating.
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Health
A+
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20989 |
| Year Established | 1973 |
| Employees | 107 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.86% |
| Return on Equity - YTD | 14.53% |
| Annual Interest Income | $20.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $788.5MM$714.8MM |
| Loans | Q2 2019vs Q2 2018 | $654.8MM$609.7MM |
| Deposits | Q2 2019vs Q2 2018 | $669.9MM$602.7MM |
| Equity Capital | Q2 2019vs Q2 2018 | $100.9MM$92.7MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $8.3MM$7.6MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.3MM$3.2MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $104.00K$107.00K |
Rates
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Locations
| Independence Bank Locations | ||
|---|---|---|
| Glasgow Branch | 101 8th Street North | Glasgow, MT 59230 |
| Malta Branch | 135 South Second Street | Malta, MT 59538 |
| 202 Main Street Branch | 202 Main Street | Scobey, MT 59263 |
| 214 Second Avenue Branch | 214 Second Avenue W | Poplar, MT 59255 |
| Independence Bank | 435 Third Street | Havre, MT 59501 |
| Conrad Branch | 23 5th Ave Se | Conrad, MT 59425 |