Overview / Commentary
Independence Bank is headquartered in Havre and is the 6th largest bank in the state of Montana. It is also the 992nd largest bank in the nation. It was established in 1973 and as of June of 2020, it had grown to 107 employees at 6 locations. Independence Bank has an A+ health rating.
Health
A+
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20989 |
| Year Established | 1973 |
| Employees | 107 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.86% |
| Return on Equity - YTD | 14.25% |
| Annual Interest Income | $20.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $902.2MM$788.5MM |
| Loans | Q2 2020vs Q2 2019 | $740.8MM$654.8MM |
| Deposits | Q2 2020vs Q2 2019 | $769.0MM$669.9MM |
| Equity Capital | Q2 2020vs Q2 2019 | $112.5MM$100.9MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $9.5MM$8.3MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $3.8MM$1.3MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $86.00K$104.00K |