# INDEPENDENCE BANK
HAVRE, MT · FDIC certificate 20989 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *fortress*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.39B | |
| Deposits | $1.20B | |
| Loans and leases | $1.11B | |
| Total equity | $168.7M | |
| Loans / deposits | 91.14% (p64 of band) | 87.10% |
| Liquid assets / assets | 17.40% (p35 of band) | |
| Uninsured deposits / deposits | 28.24% (p42 of band) | 30.76% |
| Brokered deposits | 9.03% | |
| Wholesale funding | 10.19% (p65 of band) | |
| FHLB advances / assets | 1.08% | |
| Tier 1 leverage | 13.39% (p87 of band) | 10.50% |
| Unrealized securities loss / equity | -15.06% (p28 of band) | -7.75% |
| AOCI / equity | -0.48% (p37 of band) | |
| ROA (annualized) | 1.93% (p85 of band) | 1.26% |
| Net interest margin | 4.58% (p89 of band) | 3.70% |
| Efficiency ratio | 41.70% (p10 of band) | |
| Noncurrent loans | 0.46% (p45 of band) | 0.51% |
| Net charge-offs (annualized) | 0.00% (p15 of band) | |
| Reserve coverage of noncurrent | 294.37% | |
| Real estate % of loans | 72% | |
| Construction % of loans | 5.26% (p8 of band) | |
| Auto loans | $13.8M (1.25% of loans; DQ 0.04%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 1.4% | |
| Employees | 167 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  | reserve under noncurrent |
| 2011-09 | 2 |  |  |
| 2011-12 | 1 |  | wholesale funding >15% |
| 2012-03 | 4 | wholesale funding >15%, reserve under noncurrent, uninsured deposits leaving |  |
| 2012-06 | 2 |  | reserve under noncurrent, uninsured deposits leaving |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 3 | loans exceed deposits |  |
| 2014-09 | 2 |  | loans exceed deposits |
| 2014-12 | 2 |  |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 3 | loans exceed deposits |  |
| 2015-09 | 3 |  |  |
| 2015-12 | 2 |  | loans exceed deposits |
| 2016-03 | 2 |  |  |
| 2016-06 | 3 | loans exceed deposits |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 2 |  | loans exceed deposits |
| 2017-03 | 4 | capital falling, reserve under noncurrent |  |
| 2017-06 | 4 | loans exceed deposits | capital falling |
| 2017-09 | 4 | liquid assets <10% | reserve under noncurrent |
| 2017-12 | 2 |  | loans exceed deposits, liquid assets <10% |
| 2018-03 | 4 | loans exceed deposits, capital falling |  |
| 2018-06 | 3 |  | capital falling |
| 2018-09 | 4 | liquid assets <10% |  |
| 2018-12 | 3 | capital falling | loans exceed deposits, liquid assets <10% |
| 2019-03 | 2 |  | capital falling |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 5 | uninsured deposits >50%, capital falling, run vulnerability |  |
| 2020-09 | 5 |  |  |
| 2020-12 | 4 |  | run vulnerability |
| 2021-03 | 5 | reserve under noncurrent |  |
| 2021-06 | 4 |  | reserve under noncurrent |
| 2021-09 | 4 |  |  |
| 2021-12 | 4 |  |  |
| 2022-03 | 3 |  | wholesale funding >15% |
| 2022-06 | 5 | wholesale funding >15%, AOCI drag >20% of equity, securities losses >30% of equity | capital falling |
| 2022-09 | 3 |  | brokered >10%, wholesale funding >15% |
| 2022-12 | 3 | uninsured deposits leaving | uninsured deposits >50% |
| 2023-03 | 2 |  | AOCI drag >20% of equity |
| 2023-06 | 3 | brokered >10% |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 1 |  | securities losses >30% of equity, uninsured deposits leaving |
| 2024-03 | 2 | uninsured deposits leaving |  |
| 2024-06 | 1 |  | uninsured deposits leaving |
| 2024-09 | 1 |  |  |
| 2024-12 | 0 |  | brokered >10% |
| 2025-03 | 0 |  |  |
| 2025-06 | 2 | brokered >10%, capital falling |  |
| 2025-09 | 1 |  | capital falling |
| 2025-12 | 0 |  | brokered >10% |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-28 [Community turns out for Independence Bank's new Conrad home - cutbankpioneerpress.com](https://news.google.com/rss/articles/CBMixAFBVV95cUxOdHhqOEFKVXEtQk1Id3g2Ym1HSVBITlB6Z2Jtd3Y4bVhwUDlpY0ZwNlBZU3RTOEdnTnZ2WVkzcUxLd2tMX2pOdmRKR3R5UkJQRWxMd2JPX1AtNVpRNjRMWVlfZk1xRmlFRmVGWmJwQ0lxdll3NUV4OWJBblpnOEhfYmhiM0U3YkNSazkwcHNiMVNwRXBzemI1czF4SVFfZG5IWHZzVlpKQXJNQVRzTTdPNDg5QnFHYzF5YWlGVTRPak1xeTFP?oc=5) · cutbankpioneerpress.com
- 2024-01-10 [William C. KellerHelena Branch Director - Federal Reserve Bank of Minneapolis](https://news.google.com/rss/articles/CBMiZEFVX3lxTE1IS2NROUxhMFBhNVVBdlhjRkZJQ0JLS2dlRktTRHY2WEEtV2RhY3JkdzRrY19tSENJakJuMkZIRkxTUUFrU3c0VnlCVHJ5bWxKSkVpRUtWaGxQMFRQRV9jTXNkc04?oc=5) · Federal Reserve Bank of Minneapolis
- 2024-05-02 [Sheppard promoted to assistant vice president of lending at Independence Bank - Havre Weekly Chronicle](https://news.google.com/rss/articles/CBMi2wFBVV95cUxQd20wdS1ERFJMMUVZbFNmRDU3RUFTUFMxbEZ1RGJzUUdRVzRydHpLNG1OazF1WmZETEpFeEdFNlk3YlpUeG4tU0Y2Mm9HRkUxM1JPWHRRRDZHU1haSVZ5ZHZwNHROa2xSbmpGXzlVTXRlZ0hqbGNaeVBOM1A1cklPMGx0d19oWW9SNWNSV0NOZTYxUkItU28wOFVyRG9IQUtac0QzTlZWVlZldjJQMWRlNG8tTEtjTDdFR3VaTE5HVnlZanREaTVnWGp6NllScXBXVHpGckdqTTdhYlk?oc=5) · Havre Weekly Chronicle
- 2015-05-28 [Donoven promoted at Independence Bank in Conrad - Great Falls Tribune](https://news.google.com/rss/articles/CBMirAFBVV95cUxQZXYyUlVSOVVaVm9kLXNkcll3b1V5aF93SmhQd09Ubnd0ckdKMUFYU0VHQ2xzSHNlVTEtYThjSmFtcTc0V1FCdWJlSzJZQmszZkJpUExTbU9uVjBDdUZzX3lwRFhkb21mazhzdDdUUnQzVkZqSDFuaG83ZW1xMUh4andIUE4zT0FPVmtKYm5wNXVZdDFzQWZEb2I4dXpvQkdNZ0ppVmRXNXBWb0tQ?oc=5) · Great Falls Tribune
- 2021-04-02 [True Brew to go inside new Independence Bank on the river; land swap on April 6 City Commission agenda - theelectricgf.com](https://news.google.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?oc=5) · theelectricgf.com
- 2024-12-31 [36 Black-Owned Banks and Credit Unions, Sorted by State - businessinsider.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQR2dKWjVxQ3RoR1BRQi0xZG5sYWowMmFaaF9xWUxVTkZiYlMtTGlTcGgtcGxCZldrMHd2VEQzOWFDNjFUMFVtM1lkNHFEc1gzYU1zMWdVTm1NNk1UWlpESUdBalRXZ3ZMSlNkX0x0ZHB4cVcybF9TN1R0b1NxZVh4TEhReEJ1SVg2dU5TY0tpTnhIdw?oc=5) · businessinsider.com
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2024-05-02 [Farmer promoted to finance officer/executive assistant at Independence Bank - Havre Weekly Chronicle](https://news.google.com/rss/articles/CBMi1wFBVV95cUxQUXpGclJJeU11R0tCTHlFMloxMjFnT3oyZFI5dEd0V3dOODdLUXkybFNZdnV6MzUzSDBtQS1zemlJVHB0RDJtR0RBZkhfd3lmVlpmdFNjQXJqQzdrMjhhcVkyWVZYVThlRVZPWUE3MC1BVmtIQXBXamJCb0stSVdMTllySGxpVjlMN1NwM2d4UjFubEtHT3Bqa0JCVjdTVXNzZkRoTDRhb1AzTTRneEJXVlRqMEp3Z2RBS0ZBSUk3X3F5UE51bTkwbTRLbkkyODBzNF8xZFd3dw?oc=5) · Havre Weekly Chronicle

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=20989 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/61.json (key "20989", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide