For the quarter ending 2026-03-31, IBCP had -$42,924K decrease in cash & cash equivalents over the period. $111,614K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 29,950 | - | 17,502 | 32,467 |
| Depreciation and amortization | 10,208 | - | - | - |
| Change in unamortized net loan costs and premiums | 315 | - | - | - |
| Accretion of acquired loans | 9,186 | - | - | - |
| Proceeds from sales of equity securities at fair value | - | - | 0 | 0 |
| Proceeds from sales of loans held for sale | - | - | 98,707 | 166,445 |
| Disbursements for loans held for sale | - | - | 96,395 | 167,561 |
| Provision for loan and lease losses | 1,288 | - | 1,991 | 2,221 |
| Deferred income tax benefit | - | - | 789 | 1,811 |
| Net deferred loan fees | - | - | -488 | -332 |
| Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities and loans | - | - | 2,761 | 4,757 |
| Decrease in accrued expenses and other liabilities | - | - | -7,193 | 1,511 |
| Net gains on mortgage loans | - | - | 1,474 | 3,934 |
| Deferred income tax expense | 1,331 | - | - | - |
| Net gains on equity securities at fair value | - | - | 0 | 0 |
| Equity securities, fv-ni, gain (loss) | 25 | - | - | - |
| Net losses on sales of securities available for sale | - | - | -36 | -319 |
| Gain (loss) on disposition of property plant equipment | 0 | - | - | - |
| Stock based compensation | 347 | - | 571 | 1,397 |
| Increase in cash surrender value of life insurance policies | 2,712 | - | - | - |
| Gain realized on life insurance policies | 346 | - | - | - |
| Operating lease, payments | 3,955 | - | - | - |
| Change in fair value on loans held for sale | -417 | - | - | - |
| Trading assets | 805 | - | - | - |
| Loans held for sale | -18,734 | - | - | - |
| Other assets | -20,002 | - | -1,995 | -14,525 |
| Increase (decrease) in other operating liabilities | -20,384 | - | - | - |
| Total adjustments | 18,400 | - | 698 | 18,201 |
| Net cash provided by operating activities | 117,218 | 182,292 | 18,200 | 50,668 |
| Proceeds from sale of property, plant, and equipment | - | 295 | 0 | 0 |
| Net increase in portfolio loans (loans originated, net of principal payments) | - | - | 39,516 | 139,380 |
| Proceeds from the sale of portfolio loans | - | - | 4,534 | 15,688 |
| Proceeds from the sale of other real estate and repossessed assets | - | - | -202 | 937 |
| Purchases of federal home loan bank stock | - | - | 0 | 3,212 |
| Proceeds from the redemption of federal home loan bank stock | - | - | 0 | 1,209 |
| Increase (decrease) in equity securities, fv-ni | - | 984 | - | - |
| Proceeds from sale of debt securities, available-for-sale | - | 43,722 | 4,225 | 26,356 |
| Proceeds from maturities, prepayments and calls of securities held to maturity | - | - | 10,476 | 11,372 |
| Proceeds from the sale of securities held to maturity previously charged off | - | - | 0 | 0 |
| Payments to acquire equity securities, fv-ni | 185 | - | - | - |
| Purchases of securities held to maturity | - | - | 2,000 | - |
| Proceeds from maturities and principal repayments of securities available for sale | 79,030 | 200,066 | 22,959 | 31,774 |
| Payments to acquire debt securities, available-for-sale | 168,446 | 408,204 | 8,448 | 9,509 |
| Proceeds from maturities and principal repayments of securities held to maturity | 23,636 | 161,164 | - | - |
| Net decrease in federal home loan bank stock | -4,083 | -16,621 | - | - |
| Investments in low income housing projects | -3,863 | -38,722 | - | - |
| Purchases of life insurance policies | 0 | 117 | - | - |
| Proceeds from life insurance policy | 1,074 | 3,090 | -1 | 862 |
| Net decrease (increase) in loans | -82,983 | 125,724 | - | - |
| Cash acquired in excess of payments to acquire business | - | 97,760 | - | - |
| Purchases of bank premises and equipment | 5,604 | 7,078 | 1,656 | 3,401 |
| Net cash provided by (used in) investing activities | 12,708 | 81,983 | -9,629 | -67,304 |
| Net decrease in time deposits | -12,926 | -219,128 | - | - |
| Net increase in total deposits | - | - | 199,796 | 5,271 |
| Net (decrease) increase in other deposits | -16,354 | 677,185 | - | - |
| Net decrease in other borrowings | - | - | -2 | -1 |
| Increase (decrease) in federal funds purchased and securities sold under agreements to repurchase, net | -99,786 | -284,373 | - | - |
| Proceeds from federal home loan bank advances | - | - | 35,000 | 197,000 |
| Proceeds from lines of credit | 50,000 | 49,937 | - | - |
| Payments of federal home loan bank advances | - | - | 135,000 | 140,000 |
| Proceeds from issuance of subordinated long-term debt | 0 | 295,843 | - | - |
| Repayments of subordinated debt | - | 20,000 | 40,000 | - |
| Cash received from stock option exercises | - | 0 | - | - |
| Share based compensation withholding obligation | - | - | 41 | 1,164 |
| Restricted stock awards issued, net of awards surrendered | 2,195 | 1,459 | - | - |
| Dividends paid | - | - | 5,384 | 10,836 |
| Proceeds from shares issued under direct stock purchase plan | 727 | 2,549 | - | - |
| Payments for shares repurchased under share repurchase program | 63,261 | 53,079 | 413 | 7,357 |
| Common dividends paid | 29,055 | 103,903 | - | - |
| Net cash (used in) provided by financing activities | -172,850 | 198,933 | 53,956 | 42,913 |
| Net increase in cash and cash equivalents | - | - | 62,527 | 26,277 |
| Net (decrease) increase in cash and cash equivalents | -42,924 | 552,012 | - | - |
| Cash and cash equivalents at beginning of year | 771,902 | 208,686 | 119,882 | - |
| Cash and cash equivalents at end of period | 728,978 | 771,902 | 208,686 | - |
INDEPENDENT BANK CORP (IBCP)
INDEPENDENT BANK CORP (IBCP)