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Balance Sheets Overview

Debt to Asset Ratio
85.94%
Unit: Thousand (K) dollars
Assets Breakdown
    • Total loans
    • Debt securities, available-for-s...
    • Held to maturity (fair value 1,1...
    • Others
Liabilities Breakdown
    • Savings and interest checking ac...
    • Non-interest-bearing demand depo...
    • Money market
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash and due from banks
251,971
223,291
229,770
56,378
Interest-earning deposits with banks
749,255
505,687
542,132
152,308
Trading
4,835
5,525
4,720
-
Equity
21,602
21,518
21,581
-
Cash and cash equivalents
-
-
-
208,686
Debt securities, available-for-sale, excluding accrued interest
2,075,972
2,088,365
2,004,247
502,583
Debt securities, held-to-maturity, accumulated unrecognized gain-USTreasury Securities
0
0
0
-
Debt securities, held-to-maturity, accumulated unrecognized loss-USTreasury Securities
3,408
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
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
97,503
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
177
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
38,749
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
0
Debt securities, held-to-maturity, fair value-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises
615,058
649,376
659,415
-
Debt securities, held-to-maturity, accumulated unrecognized gain-Collateralized Debt Obligations
0
0
0
-
Debt securities, held-to-maturity, accumulated unrecognized loss-Collateralized Debt Obligations
45,598
45,871
44,900
-
Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-Collateralized Debt Obligations
0
0
0
-
Debt securities, held-to-maturity, fair value-Collateralized Debt Obligations
303,073
314,392
325,798
-
Debt securities, held-to-maturity, accumulated unrecognized gain-Small Business Administration Pooled Securities
0
36
183
-
Debt securities, held-to-maturity, accumulated unrecognized loss-Small Business Administration Pooled Securities
5,088
4,047
4,341
-
Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-Small Business Administration Pooled Securities
0
0
0
-
Debt securities, held-to-maturity, fair value-Small Business Administration Pooled Securities
102,010
105,290
108,396
-
Held to maturity (fair value 1,117,644 and 1,190,733)
1,210,310
1,256,566
1,279,027
-
Total securities
3,312,719
3,371,974
3,309,575
-
Loans held for sale (at fair value)
21,982
16,758
35,909
-
Commercial And Industrial
4,730,827
4,651,453
4,611,789
-
Commercial Real Estate
7,944,099
8,181,340
8,275,408
-
Construction Loans
1,464,449
1,403,613
1,399,193
-
Residential Real Estate
2,870,277
2,842,144
2,873,443
-
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
Home Equity1st Position-Senior Lien
-
-
506,764
-
Amortized cost-USStates And Political Subdivisions
-
-
-
154,892
Home Equity Subordinate Position-Junior Lien
-
-
790,898
-
Home Equity Loan
1,342,797
1,307,746
-
-
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
Securities held to maturity (fair value of 293,242 at september30, 2025 and 301,860 at december31, 2024 )
-
-
-
321,450
Federal home loan bank and federal reserve bank stock, at cost
-
-
-
18,102
Loans held for sale, carried at fair value
-
-
-
11,654
Commercial Portfolio Segment
-
-
-
2,125,053
Residential Portfolio Segment
-
-
-
1,517,656
Installment Portfolio Segment
-
-
-
555,574
Consumer Portfolio Segment
41,878
39,182
46,282
-
Total loans
18,394,327
18,425,478
18,503,777
4,198,283
Less allowance for credit losses
195,899
190,560
189,877
62,459
Net loans
18,198,428
18,234,918
18,313,900
4,135,824
Federal home loan bank stock
13,631
17,752
21,835
-
Capitalized mortgage loan servicing rights, carried at fair value
-
-
-
31,522
Other real estate and repossessed assets, net
-
-
-
589
Other intangibles, net
-
-
-
1,123
Bank premises and equipment, net
217,877
217,695
218,190
38,805
Goodwill
1,090,610
1,090,610
1,090,610
28,300
Other intangible assets
119,896
126,687
133,576
-
Cash surrender value of life insurance policies
381,230
380,423
378,576
53,875
Other assets
616,295
597,785
638,823
140,600
Total assets
24,973,894
24,783,580
24,912,896
5,493,113
Non-interest bearing
-
-
-
1,003,521
Non-interest-bearing demand deposits
5,709,647
5,633,079
5,600,955
-
Savings and interest checking accounts
6,503,521
6,310,870
6,482,970
2,040,462
Money market
4,929,495
4,898,267
4,774,645
-
Reciprocal
-
-
-
981,115
Time certificates of deposit
3,249,455
3,255,294
-
660,815
Brokered time
-
-
-
173,242
Time certificates of deposit
-
-
3,268,220
-
Total deposits
20,392,118
20,097,510
20,126,790
4,859,155
Federal home loan bank and other borrowings
216,719
316,734
416,549
-
Long-term line of credit
124,984
99,969
49,953
-
Other borrowings
-
-
-
2,006
Junior subordinated notes
62,864
62,863
62,862
-
Subordinated debt
296,898
296,690
296,483
0
Subordinated debentures
-
-
-
39,847
Total borrowings
701,465
776,256
825,847
-
Other liabilities
367,948
367,773
394,531
101,363
Total liabilities
21,461,531
21,241,539
21,347,168
5,002,371
Preferred stock, no par value, 200,000 shares authorized none issued or outstanding
-
-
-
0
Common stock, 0.01 par value, authorized 75,000,000 shares, issued and outstanding 47,618,626 shares at june30, 2026 and 49,243,813 shares at december31, 2025 (includes 283,135 and 254,359 shares of unvested participating restricted stock awards, respectively)
473
483
490
311,770
Value of shares held in rabbi trust at cost 73,303 shares at june30, 2026 and 75,247 shares at december31, 2025
3,508
3,622
3,452
-
Deferred compensation and other retirement benefit obligations
3,508
3,622
3,452
-
Additional paid in capital
2,201,250
2,272,910
2,335,879
-
Retained earnings
1,369,306
1,317,946
1,269,113
239,602
Accumulated other comprehensive loss, net of tax
-58,666
-49,298
-39,754
-60,630
Total stockholders equity
3,512,363
3,542,041
3,565,728
490,742
Total liabilities and stockholders equity
24,973,894
24,783,580
24,912,896
5,493,113
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Commercial Real Estate$7,944,099K Commercial And Industrial$4,730,827K Residential Real Estate$2,870,277K Construction Loans$1,464,449K Home Equity Loan$1,342,797K Consumer PortfolioSegment$41,878K Debt securities,held-to-maturity, fair...$615,058K Debt securities,held-to-maturity, fair...$303,073K Debt securities,held-to-maturity, fair...$102,010K Debt securities,held-to-maturity, fair...$97,503K Debt securities,held-to-maturity, accumulated...$45,598K Debt securities,held-to-maturity, accumulated...$38,749K Debt securities,held-to-maturity, accumulated...$5,088K Debt securities,held-to-maturity, accumulated...$3,408K Total loans$18,394,327K Debt securities,available-for-sale, excluding...$2,075,972K (307.44%↑ Y/Y)Held to maturity(fair value 1,117,644...$1,210,310K Equity$21,602K Trading$4,835K Debt securities,held-to-maturity, accumulated...$177K Net loans$18,198,428K (343.52%↑ Y/Y)Total securities$3,312,719K Goodwill$1,090,610K (3753.75%↑ Y/Y)Interest-earning deposits withbanks$749,255K (943.46%↑ Y/Y)Other assets$616,295K (322.92%↑ Y/Y)Cash surrender valueof life insurance...$381,230K (611.42%↑ Y/Y)Cash and due frombanks$251,971K (238.88%↑ Y/Y)Bank premises andequipment, net$217,877K (467.26%↑ Y/Y)Other intangibleassets$119,896K Loans held for sale (atfair value)$21,982K Federal home loan bankstock$13,631K Less allowance forcredit losses$195,899K Total assets$24,973,894K (360.90%↑ Y/Y)Total liabilities andstockholders equity$24,973,894K (360.90%↑ Y/Y)Total liabilities$21,461,531K (333.63%↑ Y/Y)Total stockholdersequity$3,512,363K (648.51%↑ Y/Y)Accumulated othercomprehensive loss, net of tax-$58,666K (16.06%↑ Y/Y)Value of shares held inrabbi trust at cost...$3,508K Total deposits$20,392,118K (337.66%↑ Y/Y)Total borrowings$701,465K Other liabilities$367,948K (239.29%↑ Y/Y)Additional paid in capital$2,201,250K Retained earnings$1,369,306K (501.94%↑ Y/Y)Deferred compensationand other...$3,508K Common stock, 0.01 parvalue, authorized...$473K (-99.85%↓ Y/Y)Savings and interestchecking accounts$6,503,521K (226.82%↑ Y/Y)Non-interest-bearing demand deposits$5,709,647K Money market$4,929,495K Time certificates ofdeposit$3,249,455K (417.44%↑ Y/Y)Subordinated debt$296,898K (649.29%↑ Y/Y)Federal home loan bankand other...$216,719K Long-term line of credit$124,984K Junior subordinatednotes$62,864K

INDEPENDENT BANK CORP (IBCP)

INDEPENDENT BANK CORP (IBCP)