Independence State Bank
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Data as of · sourced from FFIEC call reports. How we update
Independence State Bank is an FDIC-insured commercial bank headquartered in Independence, WI, established in 1897 (FDIC certificate 10741), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $84.2M, up 1.9% from Q2 2025, the 145th largest of 153 banks headquartered in Wisconsin. Its CET1 capital ratio was 12.43% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 10741
- Headquarters
- Independence, WI
- Established
- 1897
- Total assets, Q2 2026
- $84.2M
- Assets vs Q2 2025
- +1.9%
- CET1 ratio, Q2 2026
- 12.43%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091805683
- Latest call report
- Q2 2026, FFIEC 051 · Independence State Bank call report
- Holding company
- NORTHERN FINANCIAL CORPORATION
- Asset rank in state
- 145th of 153 in Wisconsin
Independence State Bank operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $84 million at June 30, 2026, up 1.9% from a year earlier; it is based in Independence, Wisconsin. It holds common equity equal to 12.43% of its risk-weighted assets, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 22.08%). On the other hand, it carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 banks its size (median 1.4%).
Its $7.6 million commercial and industrial book is now fully current, after 11.36% of it was past due or on nonaccrual a year earlier. Loans are outrunning deposits: over the year loans rose 10.4% and deposits rose 0.8%. Concentration is the risk to watch: it holds commercial real estate loans worth 0.8 times its capital, about triple the median of 26% for banks its size.
As of June 30, 2026, Independence State Bank reported a CET1 capital ratio of 12.43%, a return on assets of 1.27%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Independence State Bank ranks as the 145th largest of the 153 banks based in Wisconsin, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 2.0% to $84.2M, loans fell 2.0% and deposits fell 1.8%. Farmland and other real estate loans made up 28.5% of its total loans on June 30, 2026, its largest category; next came agricultural production loans at 19.2%. Its 3 offices in the FDIC Summary of Deposits are in Independence, WI, Elk Mound, WI and Chippewa Falls, WI; its Independence office books 74% of its branch deposits. On its Q2 2026 call report, Independence State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 23942 Senty Dr, Independence, WI 54747
- County
- Trempealeau
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1897
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 17
- Domestic deposits
- $72.2M
- Allowance for credit losses
- $694K
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $85.8M
- Average total loans
- $66.0M
- Average interest-bearing deposits
- $57.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10741
- Fed RSSD
- 396057
- Website
- www.independencestatebank.com →
- Parent Holding Company
- NORTHERN FINANCIAL CORPORATION (RSSD 1121724)
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
Independence State Bank's total assets moved between a low of $78.2M (Q2 2024) and a high of $88.4M (Q4 2025) from Q3 2023 to 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
$84.2M total assets against $82.7M; $75.6M total liabilities against $74.9M.
$64.8M net loans and leases against $58.7M; $72.2M total deposits against $71.7M.
$12.1M securities against $14.4M; $4.4M cash and balances due against $6.6M.
$1.3M total interest income against $1.2M; $285K total interest expense against $270K.
$966K net interest income against $918K.
$55K total noninterest income against $28K; $698K total noninterest expense against $642K.
No provision recorded in the last 12 quarters.
$272K net income against $243K.
1.27% return on assets against 1.16%; 4.67% net interest margin against 4.58%.
12.43% CET1 capital ratio against 12.15%; 10.38% tier 1 leverage ratio against 9.65%.
Inside the full Independence State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeIndependence State Bank rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.83% (Q3 2024) to 1.35% (Q4 2025) and its net interest margin ran from 3.91% (Q3 2024) to 4.67% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.43% | 1.27% | 0.00% | 0.00% | 4.67% |
| Q1 2026 | 12.20% | 1.11% | 0.00% | 0.00% | 4.59% |
| Q4 2025 | 12.15% | 1.35% | 0.07% | 0.52% | 4.66% |
| Q3 2025 | 11.96% | 1.25% | 0.60% | 4.20% | 4.64% |
| Q2 2025 | 12.15% | 1.16% | 0.25% | 1.74% | 4.58% |
| Q1 2025 | 12.04% | 0.98% | 0.00% | 0.00% | 4.25% |
| Q4 2024 | 12.56% | 0.86% | 0.01% | 0.06% | 4.05% |
| Q3 2024 | 12.12% | 0.83% | 0.13% | 0.91% | 3.91% |
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Branch Network
View all 3 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 State Bank (main office) | Independence , WI | 54747 | $53.2M |
| Elk Mound Branch | Elk Mound , WI | 54739 | $15.8M |
| Chippewa Falls Branch | Chippewa Falls , WI | 54729 | $3.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in WI, rank 168 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 5 applications, 4 loans originated, $820K originated, across 1 states
- Period: Calendar year 2023. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $420K approved, $420K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2013 (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 State Bank
What are Independence State Bank's total assets?
As of the Q2 2026 filing, Independence State Bank reported total assets of $84.2 million in its FFIEC call report.
Where is Independence State Bank headquartered?
It is headquartered in Independence, WI, United States.
When was Independence State Bank founded?
It was established in 1897, per the FDIC institution directory.
Is Independence State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10741). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Independence State Bank?
Independence State Bank's primary federal regulator is the FDIC.
What is Independence State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.43% in its Q2 2026 call report, above regulatory requirements.
How many branches does Independence State Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Independence State Bank's Texas Ratio?
Its Texas Ratio is 0.00% 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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