Overview / Commentary
Independence Bank is headquartered in Havre and is the 5th largest bank in the state of Montana. It is also the 993rd largest bank in the nation. It was established in 1973 and as of December of 2019, it had grown to 108 employees at 6 locations. Independence Bank has an A+ health rating.
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Health
A+
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20989 |
| Year Established | 1973 |
| Employees | 108 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.87% |
| Return on Equity - YTD | 14.37% |
| Annual Interest Income | $41.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $803.5MM$741.3MM |
| Loans | Q4 2019vs Q4 2018 | $661.4MM$618.5MM |
| Deposits | Q4 2019vs Q4 2018 | $682.8MM$628.1MM |
| Equity Capital | Q4 2019vs Q4 2018 | $108.1MM$95.9MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $8.7MM$8.0MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $242.00K$1.8MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $86.00K$0 |