Independence Bank
Overview / Commentary
Independence Bank is headquartered in Havre and is the 7th largest bank in the state of Montana. It is also the 1,153rd largest bank in the nation. It was established in 1973 and as of June of 2016, it had grown to 93 employees at 6 locations. Independence Bank has an A+ health rating.
Related Posts
8/14 - $150 Checking and Savings Account Bonus at Independence Bank in California - Local Only
4/3 - 3.00% 15-Month CD & Other Competitive Rates at Independence Bank in Rhode Island
3/19 - 2.60% 12-Month Liquid CD at Independence Bank - California Only
4/3 - 3.00% 15-Month CD & Other Competitive Rates at Independence Bank in Rhode Island
3/19 - 2.60% 12-Month Liquid CD at Independence Bank - California Only
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20989 |
| Year Established | 1973 |
| Employees | 93 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.7% |
| Return on Equity - YTD | 13.1% |
| Annual Interest Income | $14.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $612.9MM$569.0MM |
| Loans | Q2 2016vs Q2 2015 | $525.8MM$481.4MM |
| Deposits | Q2 2016vs Q2 2015 | $501.0MM$470.5MM |
| Equity Capital | Q2 2016vs Q2 2015 | $81.6MM$73.4MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $6.4MM$5.9MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $3.9MM$285.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$2.1MM |
Rates
Sorry, we do not have rate data for Independence Bank.
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 |