Idaho Independent Bank, a commercial bank, provides banking products and services to small to medium-sized businesses, professionals, and retail customers in Idaho. As of December 31, 2008, the bank operated 12 branches located in Coeur d’Alene, Hayden, Boise (3), Meridian, Nampa, Caldwell, Mountain Home, Ketchum, Eagle, and Star, Idaho. Lending Activities The bank’s loan portfolio primarily consists of commercial loans, residential and commercial real estate loans, residential and commercial construction loans, consumer loans, and credit card accounts. The bank’s commercial loans primarily consist of loans to businesses for various purposes, including revolving lines of credit and equipment loans. These loans generally have short maturities, adjustable rates or fixed rates, and are either unsecured or secured by inventory, accounts receivable, equipment, other personal property, real estate, or a combination thereof. The bank’s real estate loans include various types of loans for which it holds real property as collateral, including land acquisition and land development loans. The bank also sells real estate loans into the secondary market to various investors and other financial institutions through its residential real estate department. The bank sells both variable- and fixed-rate, and single-family, as well as other residential real estate loans. The bank’s real estate construction loans are typically made to individuals and/or contractors to construct single-family residences and commercial buildings. Its consumer loans are primarily unsecured, automobile, bankcard, or home equity lines of credit, and closed-end home equity loans. Investment Activities As of December 31, 2008, the bank’s investment portfolio included U.S. treasury and agency securities; municipal bonds; trading securities; and other securities, including FHLB of Seattle stock. Deposits The bank offers various interest-bearing accounts designed to attract both short-term and long-term deposits. These accounts include negotiable order of withdrawal (NOW) accounts, money market investment accounts, savings accounts, certificates of deposit, and other time deposits. History Idaho Independent Bank was founded in 1993.
idaho independent bank/coeur
1260 West Riverstone Drive
Coeur d'Alene, ID 83814
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