For the quarter ending 2025-09-30, IBCP has $5,493,113K in assets. $5,002,371K in debts. $208,686K in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and due from banks | 56,378 | 74,354 | ||
| Interest bearing deposits | 152,308 | 71,805 | ||
| Cash and cash equivalents | 208,686 | 146,159 | ||
| Securities available for sale | 502,583 | 509,511 | ||
| Debt securities, held-to-maturity, transferred unrealized loss-USGovernment Corporations And Agencies Securities | 1,280 | - | ||
| Debt securities, held-to-maturity, allowance for credit loss-USGovernment Corporations And Agencies Securities | 0 | - | ||
| Amortized cost-USGovernment Corporations And Agencies Securities | 24,399 | - | ||
| Debt securities, held-to-maturity, transferred unrealized loss-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises | 7,916 | - | ||
| Debt securities, held-to-maturity, allowance for credit loss-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises | 0 | - | ||
| 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 | - | ||
| 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 | ||
| Commercial Portfolio Segment | 2,125,053 | - | ||
| Residential Portfolio Segment | 1,517,656 | - | ||
| Installment Portfolio Segment | 555,574 | - | ||
| Financing receivable, before allowance for credit loss | 4,198,283 | - | ||
| Allowance for credit losses | 62,459 | - | ||
| Net loans | 4,135,824 | 4,103,210 | ||
| Other real estate and repossessed assets, net | 589 | 426 | ||
| Property and equipment, net | 38,805 | 38,409 | ||
| Bank-owned life insurance | 53,875 | 53,587 | ||
| Capitalized mortgage loan servicing rights, carried at fair value | 31,522 | 32,053 | ||
| Other intangibles, net | 1,123 | 1,244 | ||
| Goodwill | 28,300 | 28,300 | ||
| Accrued income and other assets | 140,600 | 145,724 | ||
| Total assets | 5,493,113 | 5,418,519 | ||
| Non-interest bearing | 1,003,521 | 1,007,976 | ||
| Savings and interest-bearing checking | 2,040,462 | 1,989,941 | ||
| Reciprocal | 981,115 | 911,814 | ||
| Time | 660,815 | 627,986 | ||
| Brokered time | 173,242 | 121,642 | ||
| Total deposits | 4,859,155 | 4,659,359 | ||
| Other borrowings | 2,006 | 102,008 | ||
| Subordinated debt | 0 | 39,624 | ||
| Subordinated debentures | 39,847 | 39,830 | ||
| Accrued expenses and other liabilities | 101,363 | 108,448 | ||
| Total liabilities | 5,002,371 | 4,949,269 | ||
| Preferred stock, no par value, 200,000 shares authorized none issued or outstanding | 0 | 0 | ||
| Common stock, no par value, 500,000,000 shares authorized issued and outstanding 20,691,604 shares at september30, 2025 and 20,895,714 shares at december31, 2024 | 311,770 | 311,653 | ||
| Retained earnings | 239,602 | 227,484 | ||
| Accumulated other comprehensive loss | -60,630 | -69,887 | ||
| Total shareholders equity | 490,742 | 469,250 | ||
| Total liabilities and shareholders equity | 5,493,113 | 5,418,519 | ||
INDEPENDENT BANK CORP MI (IBCP)
INDEPENDENT BANK CORP MI (IBCP)