Independence Bank (Havre, MT)
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Data as of · sourced from FFIEC call reports. How we update
Independence Bank is an FDIC-insured commercial bank headquartered in Havre, MT, established in 1973 (FDIC certificate 20989), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.39B, up 4.0% from Q2 2025, the 5th largest of 35 banks headquartered in Montana. Its CET1 capital ratio was 15.16% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 20989
- Headquarters
- Havre, MT
- Established
- 1973
- Total assets, Q2 2026
- $1.39B
- Assets vs Q2 2025
- +4.0%
- CET1 ratio, Q2 2026
- 15.16%
- Domestic offices
- 10 FDIC institution directory, current count
- Routing number
- 092901340
- Holding company
- MONTANA SECURITY, INC.
- Asset rank in state
- 5th of 35 in Montana
Problem loans are rising at Independence Bank. Based in Havre, Montana, it had $1.4 billion in assets at June 30, 2026, up 4.0% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.45% of loans from 0.12% a year earlier. It keeps 4.63 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). It also holds commercial real estate loans worth 0.5 times its capital, a small fraction of the median of 2.2 times for banks its size.
Net income for the quarter rose 27% from a year earlier, to $6.6 million. Over the same year, loans grew 11.4% and deposits grew 1.4%.
As of June 30, 2026, Independence Bank reported a CET1 capital ratio of 15.16%, a return on assets of 1.91%, a nonperforming-loan ratio of 0.46% and a Texas ratio of 2.74%. The figures come from its call report filed with the FFIEC.
Of the 35 banks headquartered in Montana, Independence Bank is the 5th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.3% to $1.39B, loans rose 5.5% and deposits rose 0.7%. Owner-occupied commercial real estate loans made up 27.0% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 27.0%. The FDIC Summary of Deposits lists 10 offices for it, in 10 cities in MT; its Havre office books 55% of its branch deposits. On its Q2 2026 call report, Independence Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 435 3rd St, Havre, MT 59501
- County
- Hill
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- March 12, 1973
- Domestic offices
- 10 FDIC institution directory, current count
- Employees (FTE)
- 167
- Domestic deposits
- $1.20B
- Allowance for credit losses
- $14.9M
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $1.39B
- Average total loans
- $1.06B
- Average interest-bearing deposits
- $946.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- March 12, 1973
- FDIC Cert
- 20989
- Fed RSSD
- 606653
- SEC CIK
- 1255793 → filed by MONTANA SECURITY, INC.
- Website
- www.ibyourbank.com →
- Parent Holding Company
- MONTANA SECURITY, INC. (RSSD 2351274)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Independence Bank's total assets ran between $1.19B (Q3 2023) and $1.39B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.39B total assets against $1.34B; $1.22B total liabilities against $1.19B.
$1.09B net loans and leases against $981.2M; $1.20B total deposits against $1.18B.
$228.7M securities against $245.9M; $13.0M cash and balances due against $59.7M.
$21.4M total interest income against $19.3M; $6.0M total interest expense against $6.2M.
$15.4M net interest income against $13.1M.
$755K total noninterest income against $792K; $6.8M total noninterest expense against $6.3M.
$282K provision for credit losses against $109K.
$6.6M net income against $5.2M.
1.91% return on assets against 1.57%; 4.63% net interest margin against 4.09%.
15.16% CET1 capital ratio against 14.90%; 13.39% tier 1 leverage ratio against 12.60%.
Inside the full Independence Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeIndependence Bank rankings
Its closest position to the top of a national ranking is 275 of 3,606, for efficiency ratio; its furthest is 594 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.45% (Q4 2024) to 1.92% (Q1 2026) and its net interest margin ran from 3.75% (Q3 2024) to 4.63% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.16% | 1.91% | 0.46% | 2.74% | 4.63% |
| Q1 2026 | 15.39% | 1.92% | 0.71% | 4.20% | 4.42% |
| Q4 2025 | 15.42% | 1.47% | 0.38% | 2.37% | 4.38% |
| Q3 2025 | 14.65% | 1.58% | 0.38% | 2.48% | 4.26% |
| Q2 2025 | 14.90% | 1.57% | 0.12% | 0.84% | 4.09% |
| Q1 2025 | 15.27% | 1.52% | 0.21% | 1.17% | 3.78% |
| Q4 2024 | 15.92% | 1.45% | 0.13% | 0.86% | 3.75% |
| Q3 2024 | 15.29% | 1.48% | 0.12% | 0.77% | 3.75% |
Swipe the table sideways to see every column.
Branch Network
View all 10 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Independence Bank (main office) | Havre , MT | 59501 | $654.3M |
| 214 Second Avenue Branch | Poplar , MT | 59255 | $127.8M |
| 202 Main Street Branch | Scobey , MT | 59263 | $126.8M |
| Glasgow Branch | Glasgow , MT | 59230 | $75.6M |
| Independence Bank - Great Falls Branch | Great Falls , MT | 59401 | $48.7M |
| Malta Branch | Malta , MT | 59538 | $44.2M |
| Conrad Branch | Conrad , MT | 59425 | $37.8M |
| Shelby Branch | Shelby , MT | 59474 | $35.6M |
| Independence Bank - Plentywood Branch | Plentywood , MT | 59254 | $32.4M |
| Wolf Point Branch | Wolf Point , MT | 59201 | $15.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| June 29, 1998 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 27, 1998 | Structure Change | Acquired Traders State Bank of Poplar Montana Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 3.1% of deposits in MT, rank 7 of 48 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 122 applications, 97 loans originated, $43.6M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 15 loans, $1.8M approved, $123K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2009 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Independence Bank
What are Independence Bank's total assets?
As of the Q2 2026 filing, Independence Bank reported total assets of $1.39 billion in its FFIEC call report.
Where is Independence Bank headquartered?
It is headquartered in Havre, MT, United States.
When was Independence Bank founded?
It was established in 1973, per the FDIC institution directory.
Is Independence Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #20989). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Independence Bank?
Independence Bank's primary federal regulator is the FDIC.
What is Independence Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.16% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Independence Bank operate?
It operates 10 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Independence Bank's Texas Ratio?
Its Texas Ratio is 2.74% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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