Independence Bank
Overview / Commentary
Independence Bank is headquartered in Havre and is the 6th largest bank in the state of Montana. It is also the 1,042nd largest bank in the nation. It was established in 1973 and as of September of 2018, it had grown to 106 employees at 6 locations. Independence Bank has an A+ health rating.
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Health
A+
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20989 |
| Year Established | 1973 |
| Employees | 106 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.92% |
| Return on Equity - YTD | 14.86% |
| Annual Interest Income | $26.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $725.5MM$669.6MM |
| Loans | Q3 2018vs Q3 2017 | $626.6MM$580.4MM |
| Deposits | Q3 2018vs Q3 2017 | $607.4MM$559.0MM |
| Equity Capital | Q3 2018vs Q3 2017 | $94.5MM$89.6MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $7.7MM$7.1MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $1.8MM$6.5MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $429.00K$200.00K |
Rates
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Locations
| Independence Bank Locations | ||
|---|---|---|
| Glasgow Branch | 125 Fourth Street South | 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 |