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 1,050th largest bank in the nation. It was established in 1973 and as of December of 2017, it had grown to 99 employees at 7 locations. Independence Bank has an A+ health rating.
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Health
A+
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20989 |
| Year Established | 1973 |
| Employees | 99 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.55% |
| Return on Equity - YTD | 11.96% |
| Annual Interest Income | $33.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $714.6MM$653.0MM |
| Loans | Q4 2017vs Q4 2016 | $560.7MM$513.2MM |
| Deposits | Q4 2017vs Q4 2016 | $607.7MM$546.3MM |
| Equity Capital | Q4 2017vs Q4 2016 | $90.0MM$84.9MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $7.4MM$6.8MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $459.00K$2.6MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $125.00K$147.00K |
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 |
| Third Avenue Branch | 410 3rd Avenue | Havre, MT 59501 |