Applications / Mortgage Analytics / Lenders / Montana / Independence Bank
Havre, MT · State non-member bank · FDIC · $1.3 billion assets · 97 loans in 2025
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97
loans originated, 2025
122
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Independence Bank, a Montana lender that first reported in 2023, makes about one in five of its loans on manufactured homes.
Manufactured homes accounted for 18.6% of its loans, against 3.1% at similar lenders (state non-member banks making between half and twice as many loans), higher than at about nine in ten of them. Purchases made up 56.7% of its loans and refinances 30.9%. Every loan was conventional.
It first reported in 2023, though it was established in 1973 as First Security Bank of Havre. The years 2018 to 2022 are gaps in the record, not years without lending. Its count has held near 100: 85 in 2023, 100 in 2024 and 97 in 2025, a fall of 3% while similar lenders grew 9%.
Helena, Great Falls and non-metro Montana are its three largest markets, all entered in 2023. It also lends in non-metro Idaho and Phoenix. Glacier Bank or Stockman Bank of Montana leads four of its six Montana markets.
Its shares of loans in low- and moderate-income neighborhoods, 15.8%, and in majority-minority ones, 4.2%, sit near the middle of similar lenders, whose figures were 18.4% and 6.3%.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Independence Bank took 122 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 56.7% · Refinance 30.9% · Home improvement 7.2% · Other 5.2%
Conventional 100.0% · of 97 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Montana | 93 | 95.9% |
| Arizona | 1 | 1.0% |
| Idaho | 1 | 1.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Great Falls | 11 |
| Helena | 11 |
| Bozeman | 2 |
| Missoula | 2 |
| Billings | 1 |
| Phoenix-Mesa-Chandler | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549000VZA9BKX17VB15 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 606653 | 2023–2023 |
Established 12 March 1973. Reported under HMDA 2023-2025.
Mergers, name changes, data editions and corrections: Independence Bank's data.
Independence Bank's data
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Independence Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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