Idaho Independent Bank

Headquarters

1260 West Riverstone Drive
Coeur D Alene, ID 83814
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Idaho Independent Bank is an FDIC insured institution located in Coeur D Alene, ID. It was founded in 1993 and has approximately $0.73 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 33845
Date Established 1993
Assets $ 747.18 million
Loans $ 341.27 million
Deposits $ 601.16 million
Capital $ 80.64 million
 

For a more detailed analysis of Idaho Independent Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Idaho Independent Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Idaho Independent Bank
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Branches

Idaho Independent Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Idaho Independent Bank Locations


Financial Details

Idaho Independent Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Idaho Independent Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Idaho Independent Bank U.S. Bank Average
0.9% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Idaho Independent Bank had $343,000 in non-current loans and $439,000 in owned real estate. To cover these potential losses it had $80,643,000 in equity and $6,290,000 in loans loss reserves. That gives it a Texas Ratio of 0.9%.

Return on Equity
Idaho Independent Bank U.S. Bank Average
14.31% 7.80%

Idaho Independent Bank has a Return on Equity of 14.31% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Idaho Independent Bank U.S. Bank Average
10.79% 12.68%

Idaho Independent Bank has a Capitalization of 10.79% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Idaho Independent Bank Balance Sheet Analysis

As of March 31, 2019, Idaho Independent Bank had assets of $728,026,000, loans of $341,270,000, and deposits of $601,163,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 283.47 million
Interest-bearing balances $ 269.83 million
Total securities $ 58.76 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 341.27 million
Loan loss allowance $ 6.29 million
Trading account assets $ 4.09 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.44 million
Goodwill and other intangibles N.A.
All other assets $ 23.54 million
     Total Assets $ 647.38 million
LIABILITIES
Total deposits $ 601.16 million
      Interest-bearing deposits $ 384.68 million
      Deposits held in domestic offices $ 601.16 million
      % insured (estimated) 70.89%
Federal funds purchased and repurchase agreements $ 30.56 million
Trading liabilities $ 4.09 million
Other borrowed funds $ 4.00 million
Subordinated debt N.A.
All other liabilities $ 7.57 million
      Total Liabilities $ 647.38 million
      Shareholders’ Equity $ 99.80 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 7.66 million
Total Interest Expense $ 0.43 million
Net interest income $ 7.23 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.58 million
Total non interest expense $ 5.31 million
Pre-tax Net Operating Income $ 3.51 million

Bank Loan Profile?

The top three loan types in Idaho Independent Bank’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and 1-4 Family Residential Loans.

Compared to other banks in Idaho, Idaho Independent Bank has a significantly higher percent of Credit Card Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 16.16
Multifamily
Mortgages
2.14
Credit Card Loans 0.90
Consumer Auto Loans 0.84
Small Business Loans 0.00
Construction and Development Loans 24.26
Commercial Real Estate 38.48
Commercial and Industrial Loans 13.56
Farm Loans 2.94

Frequently Asked Questions About Idaho Independent Bank

Branches and Savings

Is Idaho Independent Bank FDIC insured?

Yes. It is covered under FDIC Certificate #33845.

Why does Idaho Independent Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Idaho Independent Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Idaho Independent Bank a commercial bank?

Yes

Where are Idaho Independent Bank locations?

See branch locations nearby.

Is Idaho Independent Bank open on Saturdays?

Is Idaho Independent Bank open on Sundays?

What time does Idaho Independent Bank open?

What time does Idaho Independent Bank close?

Are Idaho Independent Bank ATMs Open 24/7?

Do Idaho Independent Bank ATMs accept cash deposits?

Can Idaho Independent Bank customers use other ATMs?

Do Idaho Independent Bank branches have notaries?

Will Idaho Independent Bank notarize my document?

What address for Idaho Independent Bank should I put for incoming ACH transfers?

Will the Idaho Independent Bank branch print checks?

Do Idaho Independent Bank checks expire?

Does Idaho Independent Bank require US citizenship to open account?

Can Idaho Independent Bank close my account?

Does Idaho Independent Bank Report to credit bureaus?

Does Idaho Independent Bank Use Equifax?

What is Idaho Independent Bank's ACH Routing Number?

What is Idaho Independent Bank's SWIFT code?

Products

Does Idaho Independent Bank offer mortgages?

Compare mortgage rates here.

Does Idaho Independent Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Idaho Independent Bank offer personal loans?

Compare personal loan rates here.

Does Idaho Independent Bank offer student loans?

Will Idaho Independent Bank cash a check?

Will Idaho Independent Bank redeem a savings bond?

Does Idaho Independent Bank cash savings bonds?

Will Idaho Independent Bank cash money orders?

Can Idaho Independent Bank issue a money order?

Does Idaho Independent Bank do currency exchange?

Background on The Bank

Who owns Idaho Independent Bank?

How long has Idaho Independent Bank been around?

Can Idaho Independent Bank transfer to other banks?

Does Idaho Independent Bank have quick pay?

Does Idaho Independent Bank accept rolled coins?

Will Idaho Independent Bank accept loose change?

Where is Idaho Independent Bank headquarters?

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