For the year ending 2025-12-31, IBCP has $24,912,896K in assets. $21,347,168K in debts.
| Balance Sheets | 2025-12-31 | |||
|---|---|---|---|---|
| Cash and due from banks | 229,770 | |||
| Interest-earning deposits with banks | 542,132 | |||
| Debt securities, trading | 4,720 | |||
| Equity securities, fv-ni | 21,581 | |||
| Debt securities, available-for-sale | 2,004,247 | |||
| Debt securities, held-to-maturity, accumulated unrecognized gain-USTreasury Securities | 0 | |||
| Debt securities, held-to-maturity, accumulated unrecognized loss-USTreasury Securities | 3,748 | |||
| Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-USTreasury Securities | 0 | |||
| Fair value-USTreasury Securities | 97,124 | |||
| Debt securities, held-to-maturity, accumulated unrecognized gain-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises | 339 | |||
| Debt securities, held-to-maturity, accumulated unrecognized loss-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises | 35,827 | |||
| Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises | 0 | |||
| Fair value-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises | 659,415 | |||
| Debt securities, held-to-maturity, accumulated unrecognized gain-Collateralized Debt Obligations | 0 | |||
| Debt securities, held-to-maturity, accumulated unrecognized loss-Collateralized Debt Obligations | 44,900 | |||
| Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-Collateralized Debt Obligations | 0 | |||
| Fair value-Collateralized Debt Obligations | 325,798 | |||
| Debt securities, held-to-maturity, accumulated unrecognized gain-Small Business Administration Pooled Securities | 183 | |||
| Debt securities, held-to-maturity, accumulated unrecognized loss-Small Business Administration Pooled Securities | 4,341 | |||
| Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-Small Business Administration Pooled Securities | 0 | |||
| Fair value-Small Business Administration Pooled Securities | 108,396 | |||
| Held to maturity (fair value 1,190,733 and 1,291,801) | 1,279,027 | |||
| Total securities | 3,309,575 | |||
| Loans receivable held-for-sale, net, not part of disposal group | 35,909 | |||
| Commercial And Industrial | 4,611,789 | |||
| Commercial Real Estate | 8,275,408 | |||
| Construction Loans | 1,399,193 | |||
| Residential Real Estate | 2,873,443 | |||
| Home Equity1st Position-Senior Lien | 506,764 | |||
| Home Equity Subordinate Position-Junior Lien | 790,898 | |||
| Consumer Portfolio Segment | 46,282 | |||
| Financing receivable, before allowance for credit loss | 18,503,777 | |||
| Less allowance for credit losses | 189,877 | |||
| Net loans | 18,313,900 | |||
| Federal home loan bank stock | 21,835 | |||
| Bank premises and equipment, net | 218,190 | |||
| Goodwill | 1,090,610 | |||
| Other intangible assets | 133,576 | |||
| Cash surrender value of life insurance policies | 378,576 | |||
| Other assets | 638,823 | |||
| Total assets | 24,912,896 | |||
| Non-interest-bearing demand deposits | 5,600,955 | |||
| Savings and interest checking accounts | 6,482,970 | |||
| Money market | 4,774,645 | |||
| Time certificates of deposit | 3,268,220 | |||
| Total deposits | 20,126,790 | |||
| Federal home loan bank and other borrowings | 416,549 | |||
| Line of credit (less unamortized debt issuance costs of 47) | 49,953 | |||
| Junior subordinated debentures (less unamortized debt issuance costs of 26 and 28) | 62,862 | |||
| Subordinated debentures (less unamortized debt issuance costs of 3517 and 0) | 296,483 | |||
| Total borrowings | 825,847 | |||
| Other liabilities | 394,531 | |||
| Total liabilities | 21,347,168 | |||
| Common stock, 0.01 par value authorized 75,000,000 shares, issued and outstanding 49,243,813 shares at december31, 2025 and 42,500,611 shares at december31, 2024 (includes 254,359 and 199,410 shares of unvested participating restricted stock awards, respectively) | 490 | |||
| Value of shares held in rabbi trust at cost 75,247 shares at december31, 2025 and 78,088 shares at december31, 2024 | 3,452 | |||
| Compensation and benefits trust | 3,452 | |||
| Additional paid in capital | 2,335,879 | |||
| Retained earnings | 1,269,113 | |||
| Accumulated other comprehensive loss, net of tax | -39,754 | |||
| Total stockholders equity | 3,565,728 | |||
| Liabilities and equity | 24,912,896 | |||
INDEPENDENT BANK CORP (IBCP)
INDEPENDENT BANK CORP (IBCP)