Independence Bank
FDIC #20989
📍 Havre, Montana
Independence Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in March 12, 1973. With assets of $1.19 Billion, it operates 10 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: October 1, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
October 1, 2022
Satisfactory
December 1, 2019
Satisfactory
February 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$1.19 Billion
Total Deposits$1.06 Billion
Equity Capital$118.29 Million
Net Income$13.63 Million
📈 Performance
ROA1.54%
ROE15.50%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedMarch 12, 1973
FDIC Cert20989
Holding CoMontana Security Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:00 AM - 5:00 PM
Tuesday8:00 AM - 5:00 PM
Wednesday8:00 AM - 5:00 PM
Thursday8:00 AM - 5:00 PM
Friday8:00 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2022
Name Change
Name became: Changed Institution Name To Independence Bank.
2015
Relocation
Moved HQ to: 435 Third Street, Havre, MT 59501.
2006
Name Change
Name became: Changed Institution Name To Independence Bank.
1998
Merger / Acquisition
Acquired: Traders State Bank Of Poplar Montana
1998
Merger / Acquisition
Acquired: The Citizens State Bank Of Scobey