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INDEPENDENT BANCSHARES, INC.

INDEPENDENT BANCSHARES, INC.
RSSD ID 2466235
940 10TH AVENUE Quarter Ended : 2025-12-31
CLARKFIELD, MN, 56223 Updated : 2026-03-07

Institution Profile
Year Opened : 1996 Institution Type : Holding Company
Reserve District : Minneapolis Federal Regulator : FED
Entity Type : Bank Holding Company Fiscal Year End : 12/31
Structure : Corporation (stock) S-Corp : Yes
External Auditor : Eide Bailly LLP
Related Bank / Thrift Assets Asset Concentration
 FM Bank 699,271 Agricultural Specialization
 Quoin Financial Bank 245,729 Agricultural Specialization

Financial Reports
SC - Balance Sheet Report
SI - Income Statement Report
:· All Financial Reports ...

Financial Fast Facts
Balance Sheet
(USD, in thousands)
Income Statement
(USD, in thousands, ytd)



Total Assets79,207
Total Operating Income780
Total Liabilities 0
Total Operating Expenses185
Total Equity Capital79,207
Equity in Undistributed Income 9,402


Net income (loss)10,021



Miscellaneous

Cash Dividends Declared by Bank Holding Company2,400

Total Consolidated Assets of Bank Holding Company928,421






 

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