Independence State Bank

Overview / Commentary

www.independencestatebank.com

715-985-3197

23942 Sentry Drive
Independence, WI 54747

Independence State Bank is headquartered in Independence and is the 162^nd largest bank in the state of Wisconsin. It is also the 4,199^th largest bank in the nation. It was established in 1897 and as of June of 2021, it had grown to 17 employees at 3 locations. Independence State Bank has a B+ health rating.

Independence State Bank Kasasa Products Remain Competitive - 4/19/2021

Independence State Bank (WI) has been offering its competitive Kasasa Cash, Kasasa Cash Back, and Kasasa Savers accounts for more than three years,

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Health

B+

Data as of Q2 2021

Learn why bank health matters

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 Established	1897
Employees	17
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.86%
Return on Equity - YTD	10.42%
Annual Interest Income	$1.7MM

Assets and Liabilities
Assets	Q2 2021vs Q2 2020	$89.1MM$76.0MM
Loans	Q2 2021vs Q2 2020	$53.9MM$50.0MM
Deposits	Q2 2021vs Q2 2020	$73.1MM$61.3MM
Equity Capital	Q2 2021vs Q2 2020	$7.2MM$6.8MM
Loan Loss Allowance	Q2 2021vs Q2 2020	$718.00K$719.00K
Unbacked Noncurrent Loans	Q2 2021vs Q2 2020	$737.00K$1.1MM
Real Estate Owned	Q2 2021vs Q2 2020	$0$0

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