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Independence Bank

$1B-$10B Specialty: Agricultural MT FDIC cert 20989

Designations: ✓ Community bank

Havre, MT

10 branches across MT

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 885 banks in the $1B-$10B peer group nationwide — 1 of 5 in MT.
  • Deposits +1.4% year over year ($1.2B on the books).
  • Delinquency rate 0.46%.
  • Return on assets 1.93%.
  • Efficiency ratio 41.70% vs a 59.73% peer average.
  • Loan-to-deposit ratio 91.14% vs a 85.04% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

885 banks in the $1B-$10B peer group nationally 5 in MT
View $1B-$10B leaderboard (MT) →

Independence Bank demonstrates 4 strengths

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Profitability Leader: Top 37.4% in tier
  • + Efficiency Ratio 18.03% below tier average
  • + Net Interest Margin 0.71% above tier average
  • + Delinquency Rate 0.40% below tier average

Key Concerns

Areas that may need attention

No key concerns identified

Get updates when Independence Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (MT) National Avg Tier Percentile
Total Assets ? $1.4B
+4.0% YoY +1.3% QoQ
-$1.4B $2.8B
-0.6% YoY
$2.2B
+3.0% YoY
$6.3B
+7.7% YoY
29%
Total Loans ? $1.1B
+11.4% YoY +5.5% QoQ
-$870.4M $2.0B
-0.3% YoY
$1.4B
+2.6% YoY
$3.2B
+9.4% YoY
37%
Total Deposits ? $1.2B
+1.4% YoY +0.7% QoQ
-$1.1B $2.3B
-0.5% YoY
$1.8B
+4.6% YoY
$4.9B
+7.3% YoY
30%
Return on Assets ? 1.93%
+22.4% YoY -0.7% QoQ
+0.54% 1.39%
+17.0% YoY
1.54%
-6.6% YoY
1.30%
+12.1% YoY
Top 14.2% in tier
Net Interest Margin ? 4.58%
+13.5% YoY +2.0% QoQ
+0.71% 3.87%
+6.2% YoY
4.16%
+5.0% YoY
3.95%
+4.9% YoY
Top 11.1% in tier
Efficiency Ratio ? 41.70%
-7.6% YoY +1.6% QoQ
-18.03% 59.73%
-12.6% YoY
60.98%
-0.5% YoY
70.05%
+2.5% YoY
Top 8.8% in tier
Delinquency Rate ? 0.46%
+289.4% YoY -35.6% QoQ
-0.40% 0.87%
+11.7% YoY
1.28%
+29.2% YoY
0.98%
+16.3% YoY
55%
Loan-to-Deposit Ratio ? 91.14%
+9.8% YoY +4.8% QoQ
+6.11% 85.04%
-0.1% YoY
70.68%
-1.2% YoY
79.03%
+2.3% YoY
37%
Non-Interest-Bearing Deposit Share ? 18.96%
-2.9% YoY -8.0% QoQ
-2.31% 21.27%
-1.5% YoY
26.03%
+1.9% YoY
21.98%
-0.6% YoY
45%
Nonperforming Asset Ratio ? 0.37%
+273.1% YoY -33.0% QoQ
-0.31% 0.67%
+11.7% YoY
0.78%
+50.1% YoY
0.69%
+15.8% YoY
55%
Tier 1 Capital Ratio ? 15.16%
+1.8% YoY -1.5% QoQ
+0.32% 14.84%
-0.4% YoY
18.68%
-1.3% YoY
17.09%
+0.8% YoY
75%
Non-Interest Income / Assets ? 0.11%
-9.7% YoY +91.3% QoQ
-0.41% 0.53%
+2.5% YoY
1.73%
+7.3% YoY
0.66%
+5.2% YoY
Bottom 11.5% in tier

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (MT) National Avg Tier Percentile
Noninterest-Bearing 19.0%
-0.6pp YoY
-1.6pp QoQ
 -2.4pp 21.4% 26.8% 22.2% 44%
Brokered Deposits 10.5%
-1.8pp YoY
+1.5pp QoQ
 +1.0pp 9.5% 10.6% 8.5% 70%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (MT) National Avg Tier Percentile
C&I 6.3%
+0.9pp YoY
-0.4pp QoQ
 -7.7pp 14.0% 14.3% 12.5% 25%
CRE 36.8%
+5.7pp YoY
+0.1pp QoQ
 -13.2pp 50.0% 42.8% 41.4% 18%
1-4 Family 8.4%
-0.1pp YoY
-0.3pp QoQ
 -18.0pp 26.4% 26.0% 31.3% 12%
Consumer 2.7%
-0.1pp YoY
0.0pp QoQ
 -2.0pp 4.7% 2.7% 5.0% 72%

Capital

Metric Current vs Tier Tier Avg State Avg (MT) National Avg Tier Percentile
CET1 Ratio 15.2%
+0.3pp YoY
-0.2pp QoQ
 -0.4pp 15.6% 22.4% 19.7% 71%
Leverage Ratio 13.4%
+0.8pp YoY
+0.3pp QoQ
 +2.1pp 11.3% 13.2% 12.6% 88%
Total Capital Ratio 16.4%
+0.3pp YoY
-0.3pp QoQ
 -0.3pp 16.7% 23.5% 20.8% 72%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (MT) National Avg Tier Percentile
Full-Time Employees 167
+13 (+8.4%) YoY
+6 (+3.7%) QoQ
 -147 313 284 482 30%
Assets per Employee ($) $8.3M
-4.1% YoY
-2.3% QoQ
 -$2.2M $10.5M $8.1M $8.8M 45%
Branch Count 10
0 YoY
0 QoQ
 -10 20 21 18 29%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (MT) National Avg Tier Percentile
Past Due 90+ Days 0.0%
0.0pp YoY
-0.2pp QoQ
 -0.1pp 0.2% 0.6% 0.4% 32%
Nonaccrual 0.5%
+0.3pp YoY
-0.1pp QoQ
 -0.4pp 0.8% 1.1% 1.0% 44%
Allowance Coverage 2.94x
-73.6% YoY
+49.9% QoQ
 -15.77x 18.71x 3.69x 20.23x 63%
Net Charge-off Rate (YTD) -0.0%
+0.1pp YoY
0.0pp QoQ
 -0.3pp 0.3% 0.0% 0.2% 16%

Profitability

Metric Current vs Tier Tier Avg State Avg (MT) National Avg Tier Percentile
ROE 16.1%
+1.8pp YoY
-0.2pp QoQ
 +3.5pp 12.6% 14.2% 11.6% 79%
Cost of Funds (YTD) 1.8%
-0.1pp YoY
0.0pp QoQ
 -0.1pp 1.9% 1.5% 1.7% 45%
Net Income ($, YTD) $13.2M
+30.2% YoY
— QoQ
 -$6.0M $19.2M $14.9M $40.4M 53%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (1)

Profitability Leader

growth
#84 of 222 • Top 37.4% in tier

Top-quartile profitability for peers of this size. Strong fundamentals and operational efficiency.

Why this signature
Return on Assets: 1.93%
(Tier: 1.39%, National: 1.30%)
better than tier avg
222 of 222 Mid-Market banks match · 923 nationally
→ Stable | QoQ rank declining

Concerns (0)

No matched concern signatures this quarter

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 885 peers in $1B-$10B

Top Strengths (3 metrics)

79
Efficiency Ratio
profitability
Value: 41.70%
Peer Median: 59.73%
#79 of 885 Top 8.8% in $1B-$10B
99
Net Interest Margin
profitability
Value: 4.58%
Peer Median: 3.87%
#99 of 885 Top 11.1% in $1B-$10B
127
Return on Assets
profitability
Value: 1.93%
Peer Median: 1.39%
#127 of 885 Top 14.2% in $1B-$10B

Top Weaknesses (1 metrics)

784
Non-Interest Income / Assets
revenue_mix
Value: 0.11%
Peer Median: 0.53%
#784 of 885 Bottom 11.5% in $1B-$10B
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