INDEPENDENT BANCSHARES INC
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
At a Glance
Dominant CRA Rating
Satisfactory
2 of 2 banks · Meets expectations for community lending
Combined Assets
$947M
2 active banks
Bank Charters
Each charter is examined independently for CRA compliance. Legacy entities were merged or absorbed during corporate consolidation.
FM BANK
WASECA, MN · FDIC · $703M
SatisfactoryQUOIN FINANCIAL BANK
MILLER, SD · FDIC · $245M
SatisfactoryF & M BANK MINNESOTA
Merged 2021CLARKFIELD, MN · FDIC · $157M
SatisfactorySECURITY STATE BANK OF FERGUS FALLS
Merged 2021FERGUS FALLS, MN · FDIC · $157M
SatisfactorySTATE BANK OF WHEATON
Merged 2023WHEATON, MN · FDIC · $122M
Satisfactory
| 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 |
| F & M BANK MINNESOTAMerged 2021 | CLARKFIELD, MN | FDIC | $157M | — | Satisfactory | Sep 2019 |
| SECURITY STATE BANK OF FERGUS FALLSMerged 2021 | FERGUS FALLS, MN | FDIC | $157M | — | Satisfactory | Dec 2017 |
| STATE BANK OF WHEATONMerged 2023 | WHEATON, MN | FDIC | $122M | — | Satisfactory | Nov 2017 |
CRA (Community Reinvestment Act) exams are conducted per charter, not per holding company. Asset figures are from the most recent FDIC call report.