Independence Bank
Havre, Montana, Hill County
$1.4B in total assets, the 811th largest of 4,309 US banks and 5th of 35 headquartered in Montana.
- FDIC certificate
- 20989
- Established
- 1973
- Owned by
- Montana Security Inc
- Primary regulator
- FDIC
- Website
- www.ibyourbank.com
At a glance
Compared with 901 US banks with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.4B | 28% | $2.0B | |
| Loans | $1.1B | 37% | $1.4B | |
| Deposits | $1.2B | 30% | $1.7B | |
| Return on assets | 1.74% | 81% | 1.23% | |
| Net interest margin | 4.58% | 89% | 3.71% | |
| Efficiency ratio | 41.7% | 9% | 59.1% | |
| Equity to assets | 12.14% | 76% | 10.38% | |
| Loans to deposits | 92% | 64% | 88% |
Growth
Total assets grew 4.1% a year over the last 5 years and 8.5% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jun 1998 | The Citizens State Bank of Scobey Scobey, MT, an affiliate under the same holding company | $31M |
| Jun 1998 | Traders State Bank of Poplar Montana Poplar, MT, an affiliate under the same holding company | $30M |
Where they operate
10 branches in 9 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Hill County, MT | $654M | 75.0% | 1 of 4 |
| Roosevelt County, MT | $144M | 43.6% | 2 of 2 |
| Daniels County, MT | $127M | 100.0% | 1 of 1 |
| Valley County, MT | $76M | 21.9% | 2 of 4 |
| Cascade County, MT | $49M | 2.2% | 9 of 11 |
| Phillips County, MT | $44M | 17.1% | 3 of 3 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 4 branches since 2016 (6 to 10, +66.7%). 5 opened, 0 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 6 | |||
| 2017 | Opened Havre | 1 | 0 | +1 | 7 |
| 2018 | Closed Havre | 0 | 1 | −1 | 6 |
| 2022 | Opened Great Falls and Shelby | 2 | 0 | +2 | 8 |
| 2023 | Opened Wolf Point | 1 | 0 | +1 | 9 |
| 2024 | Opened Plentywood | 1 | 0 | +1 | 10 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 33% | 32% | |
| Farmland | 27% | 3% | |
| Agricultural | 19% | 2% | |
| 1-4 family residential | 8% | 25% | |
| Business (C&I) | 6% | 14% | |
| Multifamily | 3% | 8% | |
| Consumer | 3% | 4% | |
| Construction and land | 1% | 8% | |
| Other | 0% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 51% | 52% | |
| Time deposits | 30% | 27% | |
| Noninterest-bearing | 19% | 21% |
Brokered deposits are 10.5% of deposits (peers 6.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.45% | 0.51% |
| Net charge-offs, annualized | -0.00% | 0.04% |
| Reserves to loans | 1.35% | 1.15% |
| Leverage ratio | 13.39% | 10.52% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Montana
Largest competitors in Hill County, MT
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/independence-bank-havre-mt