Independence Bank


Overview / Commentary
406-265-1241
435 Third Street
Havre, MT 59501

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+

Health Grade Components

Overall
FDIC Certificate #20989
Year Established1973
Employees107
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.86%
Return on Equity - YTD14.53%
Annual Interest Income$20.4MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$788.5MM$714.8MM
LoansQ2 2019vs Q2 2018$654.8MM$609.7MM
DepositsQ2 2019vs Q2 2018$669.9MM$602.7MM
Equity CapitalQ2 2019vs Q2 2018$100.9MM$92.7MM
Loan Loss AllowanceQ2 2019vs Q2 2018$8.3MM$7.6MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.3MM$3.2MM
Real Estate OwnedQ2 2019vs Q2 2018$104.00K$107.00K
Rates

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Locations


Independence Bank Locations
Glasgow Branch101 8th Street NorthGlasgow, 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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