Independence Bank


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 1,028th largest bank in the nation. It was established in 1973 and as of December of 2018, it had grown to 107 employees at 6 locations. Independence Bank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #20989
Year Established1973
Employees107
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.9%
Return on Equity - YTD14.68%
Annual Interest Income$36.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$741.3MM$714.6MM
LoansQ4 2018vs Q4 2017$618.5MM$560.7MM
DepositsQ4 2018vs Q4 2017$628.1MM$607.7MM
Equity CapitalQ4 2018vs Q4 2017$95.9MM$90.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$8.0MM$7.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.8MM$459.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$125.00K
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

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