Independence State Bank


Overview / Commentary
715-985-3197
23942 Sentry Drive
Independence, WI 54747

Independence State Bank is headquartered in INDEPENDENCE and is the 155th largest bank in the state of Wisconsin. It is also the 4,072nd largest bank in the nation. It was established in 1897 and as of December of 2023, it had grown to 16 employees at 3 locations. Independence State Bank has a B health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Independence State Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #10741
Year Established1897
Employees16
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD5.51%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$79.1MM$81.4MM
LoansQ4 2023vs Q4 2022$54.4MM$50.7MM
DepositsQ4 2023vs Q4 2022$65.3MM$72MM
Equity CapitalQ4 2023vs Q4 2022$6.9MM$6.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$692K$719K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$0$0
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates

Rates for Independence State Bank are currently being reviewed.

Locations


Independence State Bank Locations
Independence State Bank23942 Senty DrIndependence, WI 54747
Chippewa Falls Branch2495 Commercial BoulevardChippewa Falls, WI 54729
Elk Mound BranchE401 Menomonie StreetElk Mound, WI 54739

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