Independence Bank
Havre, MT — Non-member Bank
Active
Vitals
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Total Assets653.0M 6.8 %
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Total Deposits546.3M 8.0 %
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Total Net Loans513.2M 6.8 %
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Net Income10.5M 1.5 %
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Book Value84.9M 7.8 %
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Book Value x2169.7M 7.8 %
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Book Value x3254.6M 7.8 %
Balance Sheet Highlights
Financial Highlights | Independence Bank | All Insured Commercial Banks in Montana |
Balance Sheet $(000) | ||
Total Assets | 653,026 | 255,215 |
Total Net Loans | 513,170 | 167,310 |
Total Deposits | 546,331 | 209,480 |
Total Equity | 84,869 | 27,768 |
Profitability | ||
Net Income | 10,502 | 3,773 |
Return on Average Assets | 1.689 | 1.156 |
Return on Average Equity | 12.872 | 10.32 |
Net Interest Margin | 4.556 | 4.175 |
Efficiency Ratio | 37.249 | 64.895 |
Noninterest Income/Revenue | 4.029 | 17.262 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 93.93 | 71.452 |
Securities/Assets | .097 | .213 |
Total Equity/Total Assets | .13 | .109 |
Tangible Equity/Tangible Assets | .127 | .103 |
Capital Adequacy | ||
Tier 1 Common Capital | 83,296 | 26,784 |
Tier 1 Capital | 83,296 | 26,784 |
Tier 2 Capital | 6,687 | 2,156 |
Total Capital | 89,983 | 28,932 |
Total Risk Weighted Assets | 534,905 | 187,374 |
Leverage Ratio | 12.95 | 10.719 |
Common Equity Tier 1 Capital Ratio | 15.57 | 15.99 |
Tier 1 Capital Ratio | 15.57 | 15.99 |
Total Capital Ratio | 16.82 | 17.149 |
Timeline for Independence Bank
Rock Springs Independence Campground Llc
Rock Springs Independence Campground Llc became a new subsidiary organization for Independence Bank.
View Profile Jul 15 2009Traders State Bank Of Poplar Montana
Acquisition: Independence Bank acquired a new subsidiary, Traders State Bank Of Poplar Montana, 26 years
View Profile Jun 27 1998The Citizens State Bank Of Scobey
Acquisition: Independence Bank acquired a new subsidiary, The Citizens State Bank Of Scobey, 26 years
View Profile Jun 27 1998Montana Security, Inc.
Montana Security, Inc. became a new parent organization for Independence Bank.
View Profile Oct 01 1996Independence Bank
Independence Bank was established 51 years ago and is currently headquartered in Havre, MT.
Mar 12 1973Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Traders State Bank Of Poplar Montana | Seller | 30,263 | Pooling of Interests | Discontinued | 6/27/1998 |
The Citizens State Bank Of Scobey | Seller | 31,022 | Pooling of Interests | Discontinued | 6/27/1998 |
Relationships | Role | Relationship Start | Relationship End |
Montana Security, Inc. | Parent | 10/1/1996 | |
Rock Springs Independence Campground Llc | Subsidary | 7/15/2009 | 5/31/2011 |
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