Legal name: INDEPENDENT BANCSHARES, INC.
2 active banks · 3 merged/absorbed · $947M combined assets
RSSD ID: 2466235 (FFIEC NIC)
Combined Assets
$947M
CRA Rating Summary
Across all 40 exams on record for this banking group's charters, 98% resulted in Outstanding or Satisfactory.
At a Glance
Dominant CRA Rating
Satisfactory
2 of 2 banks · Meets expectations for community lending
Combined Assets
$947M
2 active banks
Aggregated from the most recent call report filings for all active charters.
Total Deposits
$837M
Net Income
$3M
ROA (avg)
1.33%
asset-weighted avg
Aggregated HMDA data across all active charters for 2024.
Applications
31
Origination Rate
80.65%
Denial Rate
0%
Each charter is examined independently for CRA compliance.
| Charter | Location | Regulator | Assets | Ownership | Current Rating | Exam Date |
|---|---|---|---|---|---|---|
| FM BANK | WASECA, MN | FDIC | $703M | 100.0% | Satisfactory | Aug 2024 |
| QUOIN FINANCIAL BANK | MILLER, SD | FDIC | $245M | — | Satisfactory | May 2025 |
CRA (Community Reinvestment Act) exams are conducted per charter, not per banking group. Asset figures are from the most recent FDIC call report.