Vitals
  • Total Assets
    653.0M 6.8 %
  • Total Deposits
    546.3M 8.0 %
  • Total Net Loans
    513.2M 6.8 %
  • Net Income
    10.5M 1.5 %
  • Book Value
    84.9M 7.8 %
  • Book Value x2
    169.7M 7.8 %
  • Book Value x3
    254.6M 7.8 %
ROAA

1.689

ROAE

12.872

Efficiency Ratio

37.249

Net Interest Margin

4.556

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 2009

Traders State Bank Of Poplar Montana

Acquisition: Independence Bank acquired a new subsidiary, Traders State Bank Of Poplar Montana, 26 years

View Profile Jun 27 1998

The Citizens State Bank Of Scobey

Acquisition: Independence Bank acquired a new subsidiary, The Citizens State Bank Of Scobey, 26 years

View Profile Jun 27 1998

Montana Security, Inc.

Montana Security, Inc. became a new parent organization for Independence Bank.

View Profile Oct 01 1996

Independence Bank

Independence Bank was established 51 years ago and is currently headquartered in Havre, MT.

Mar 12 1973
Acquisitions & 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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