For the quarter ending 2026-03-31, IBCP has $24,783,580K in assets. $21,241,539K in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Amortized cost-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises | - | - | 102,564 | - |
| Debt securities, held-to-maturity, transferred unrealized loss-Commercial Mortgage Backed Securities | - | - | 76 | - |
| Debt securities, held-to-maturity, allowance for credit loss-Commercial Mortgage Backed Securities | - | - | 0 | - |
| Amortized cost-Commercial Mortgage Backed Securities | - | - | 4,002 | - |
| Debt securities, held-to-maturity, transferred unrealized loss-Mortgage Backed Securities Issued By Private Enterprises | - | - | 106 | - |
| Debt securities, held-to-maturity, allowance for credit loss-Mortgage Backed Securities Issued By Private Enterprises | - | - | 2 | - |
| Amortized cost-Mortgage Backed Securities Issued By Private Enterprises | - | - | 7,418 | - |
| Debt securities, held-to-maturity, transferred unrealized loss-USStates And Political Subdivisions | - | - | 4,089 | - |
| Debt securities, held-to-maturity, allowance for credit loss-USStates And Political Subdivisions | - | - | 19 | - |
| Amortized cost-USStates And Political Subdivisions | - | - | 154,892 | - |
| Debt securities, held-to-maturity, transferred unrealized loss-Corporate Debt Securities | - | - | 260 | - |
| Debt securities, held-to-maturity, allowance for credit loss-Corporate Debt Securities | - | - | 67 | - |
| Amortized cost-Corporate Debt Securities | - | - | 41,033 | - |
| Debt securities, held-to-maturity, transferred unrealized loss-Trust Preferred Securities Subject To Mandatory Redemption | - | - | 39 | - |
| Debt securities, held-to-maturity, allowance for credit loss-Trust Preferred Securities Subject To Mandatory Redemption | - | - | 4 | - |
| Amortized cost-Trust Preferred Securities Subject To Mandatory Redemption | - | - | 1,000 | - |
| Other real estate and repossessed assets, net | - | - | 589 | 426 |
| Securities held to maturity (fair value of 293,242 at september30, 2025 and 301,860 at december31, 2024 ) | - | - | 321,450 | 329,302 |
| Federal home loan bank and federal reserve bank stock, at cost | - | - | 18,102 | 18,102 |
| Loans held for sale, carried at fair value | - | - | 11,654 | 12,492 |
| Cash and due from banks | 223,291 | 229,770 | 56,378 | 74,354 |
| Interest-earning deposits with banks | 505,687 | 542,132 | 152,308 | 71,805 |
| Trading | 5,525 | 4,720 | - | - |
| Equity | 21,518 | 21,581 | - | - |
| Cash and cash equivalents | - | - | 208,686 | 146,159 |
| Debt securities, available-for-sale, excluding accrued interest | 2,088,365 | 2,004,247 | 502,583 | 509,511 |
| Debt securities, held-to-maturity, accumulated unrecognized gain-USTreasury Securities | 0 | 0 | - | - |
| Debt securities, held-to-maturity, accumulated unrecognized loss-USTreasury Securities | 3,648 | 3,748 | - | - |
| Debt securities, held-to-maturity, transferred unrealized loss-USGovernment Corporations And Agencies Securities | - | - | 1,280 | - |
| Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-USTreasury Securities | 0 | 0 | - | - |
| Debt securities, held-to-maturity, allowance for credit loss-USGovernment Corporations And Agencies Securities | - | - | 0 | - |
| Debt securities, held-to-maturity, fair value-USTreasury Securities | 97,244 | 97,124 | - | - |
| Amortized cost-USGovernment Corporations And Agencies Securities | - | - | 24,399 | - |
| Debt securities, held-to-maturity, accumulated unrecognized gain-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises | 249 | 339 | - | - |
| Debt securities, held-to-maturity, transferred unrealized loss-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises | - | - | 7,916 | - |
| Debt securities, held-to-maturity, accumulated unrecognized loss-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises | 36,983 | 35,827 | - | - |
| Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises | 0 | 0 | 0 | - |
| Debt securities, held-to-maturity, fair value-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises | 649,376 | 659,415 | - | - |
| Debt securities, held-to-maturity, accumulated unrecognized gain-Collateralized Debt Obligations | 0 | 0 | - | - |
| Debt securities, held-to-maturity, accumulated unrecognized loss-Collateralized Debt Obligations | 45,871 | 44,900 | - | - |
| Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-Collateralized Debt Obligations | 0 | 0 | - | - |
| Debt securities, held-to-maturity, fair value-Collateralized Debt Obligations | 314,392 | 325,798 | - | - |
| Debt securities, held-to-maturity, accumulated unrecognized gain-Small Business Administration Pooled Securities | 36 | 183 | - | - |
| Debt securities, held-to-maturity, accumulated unrecognized loss-Small Business Administration Pooled Securities | 4,047 | 4,341 | - | - |
| Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-Small Business Administration Pooled Securities | 0 | 0 | - | - |
| Debt securities, held-to-maturity, fair value-Small Business Administration Pooled Securities | 105,290 | 108,396 | - | - |
| Held to maturity (fair value 1,166,302 and 1,190,733) | 1,256,566 | 1,279,027 | - | - |
| Total securities | 3,371,974 | 3,309,575 | - | - |
| Loans held for sale (at fair value) | 16,758 | 35,909 | - | - |
| Commercial And Industrial | 4,651,453 | 4,611,789 | - | - |
| Commercial Real Estate | 8,181,340 | 8,275,408 | - | - |
| Construction Loans | 1,403,613 | 1,399,193 | - | - |
| Residential Real Estate | 2,842,144 | 2,873,443 | - | - |
| Home Equity1st Position-Senior Lien | - | 506,764 | - | - |
| Home Equity Subordinate Position-Junior Lien | - | 790,898 | - | - |
| Home Equity Loan | 1,307,746 | - | - | - |
| Commercial Portfolio Segment | - | - | 2,125,053 | - |
| Residential Portfolio Segment | - | - | 1,517,656 | - |
| Installment Portfolio Segment | - | - | 555,574 | - |
| Consumer Portfolio Segment | 39,182 | 46,282 | - | - |
| Total loans | 18,425,478 | 18,503,777 | 4,198,283 | - |
| Less allowance for credit losses | 190,560 | 189,877 | 62,459 | - |
| Net loans | 18,234,918 | 18,313,900 | 4,135,824 | 4,103,210 |
| Federal home loan bank stock | 17,752 | 21,835 | - | - |
| Capitalized mortgage loan servicing rights, carried at fair value | - | - | 31,522 | 32,053 |
| Other intangibles, net | - | - | 1,123 | 1,244 |
| Bank premises and equipment, net | 217,695 | 218,190 | 38,805 | 38,409 |
| Goodwill | 1,090,610 | 1,090,610 | 28,300 | 28,300 |
| Other intangible assets | 126,687 | 133,576 | - | - |
| Cash surrender value of life insurance policies | 380,423 | 378,576 | 53,875 | 53,587 |
| Other assets | 597,785 | 638,823 | 140,600 | 145,724 |
| Total assets | 24,783,580 | 24,912,896 | 5,493,113 | 5,418,519 |
| Brokered time | - | - | 173,242 | 121,642 |
| Non-interest bearing | - | - | 1,003,521 | 1,007,976 |
| Non-interest-bearing demand deposits | 5,633,079 | 5,600,955 | - | - |
| Savings and interest checking accounts | 6,310,870 | 6,482,970 | 2,040,462 | 1,989,941 |
| Money market | 4,898,267 | 4,774,645 | - | - |
| Reciprocal | - | - | 981,115 | 911,814 |
| Time certificates of deposit | 3,255,294 | 3,268,220 | 660,815 | 627,986 |
| Total deposits | 20,097,510 | 20,126,790 | 4,859,155 | 4,659,359 |
| Federal home loan bank and other borrowings | 316,734 | 416,549 | - | - |
| Long-term line of credit | 99,969 | 49,953 | - | - |
| Other borrowings | - | - | 2,006 | 102,008 |
| Junior subordinated notes | 62,863 | 62,862 | - | - |
| Subordinated debt | 296,690 | 296,483 | 0 | 39,624 |
| Subordinated debentures | - | - | 39,847 | 39,830 |
| Total borrowings | 776,256 | 825,847 | - | - |
| Other liabilities | 367,773 | 394,531 | 101,363 | 108,448 |
| Total liabilities | 21,241,539 | 21,347,168 | 5,002,371 | 4,949,269 |
| Preferred stock, no par value, 200,000 shares authorized none issued or outstanding | - | - | 0 | 0 |
| Common stock, 0.01 par value, authorized 75,000,000 shares, issued and outstanding 48,572,237 shares at march31, 2026 and 49,243,813 shares at december31, 2025 (includes 297,143 and 254,359 shares of unvested participating restricted stock awards, respectively) | 483 | 490 | 311,770 | 311,653 |
| Value of shares held in rabbi trust at cost 77,307 shares at march31, 2026 and 75,247 shares at december31, 2025 | 3,622 | 3,452 | - | - |
| Deferred compensation and other retirement benefit obligations | 3,622 | 3,452 | - | - |
| Additional paid in capital | 2,272,910 | 2,335,879 | - | - |
| Retained earnings | 1,317,946 | 1,269,113 | 239,602 | 227,484 |
| Accumulated other comprehensive loss, net of tax | -49,298 | -39,754 | -60,630 | -69,887 |
| Total stockholders equity | 3,542,041 | 3,565,728 | 490,742 | 469,250 |
| Total liabilities and stockholders equity | 24,783,580 | 24,912,896 | 5,493,113 | 5,418,519 |
INDEPENDENT BANK CORP (IBCP)
INDEPENDENT BANK CORP (IBCP)