Independence Bank: how it compares with its peers
Against 927 U.S. banks with half to twice its assets, Independence Bank's strongest measure in Q2 2026 is efficiency ratio (41.70% vs. a 60.61% peer median). Its weakest relative measure is assets per employee ($8.3M vs. $8.0M).
| Measure | Independence Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.93% | 1.23% | Top third Ahead of 85% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.58% | 3.80% | Top third Ahead of 88% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 41.70% | 60.61% | Top third Ahead of 93% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.3M | $8.0M | Middle third Ahead of 55% of peers |
| Loans to deposits Net loans and leases over total deposits. | 91.14% | 85.17% | Context |
What it means for lending operations
Its efficiency ratio of 41.70% is better than the 60.61% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Alliance Bank Sulphur Springs, TX · $1.39B
- Central National Bank Junction City, KS · $1.39B
- Dakota Community Bank & Trust, National Association Hebron, ND · $1.39B
- Southwestern National Bank Houston, TX · $1.39B
- OptimumBank Fort Lauderdale, FL · $1.39B
- Ulster Savings Bank Kingston, NY · $1.39B
Questions about Independence Bank
How big is Independence Bank?
Independence Bank, established in 1973, is headquartered in Havre, MT. It reported $1.39B in total assets in its Q2 2026 FDIC call report and operates 10 offices.
What is Independence Bank's return on assets?
1.93% annualized in Q2 2026, against a 1.23% median for 927 U.S. banks with half to twice its assets, ahead of 85% of them.
What is Independence Bank's efficiency ratio?
41.70% in Q2 2026: it spent about 42 cents in noninterest expense for each dollar of revenue. The peer median is 60.61%, and lower is better.
Is Independence Bank growing its loans?
Net loans grew 11.4% over the year to Q2 2026, while deposits grew 1.4%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Montana bank ranked.