For the quarter ending 2025-09-30, IBCP had $62,527K increase in cash & cash equivalents over the period. $16,544K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 17,502 | 32,467 |
| 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 credit losses | 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 |
| Net gains on mortgage loans | 1,474 | 3,934 |
| Net gains on equity securities at fair value | 0 | 0 |
| Net losses on sales of securities available for sale | -36 | -319 |
| Share based compensation | 571 | 1,397 |
| (increase) decrease in accrued income and other assets | -1,995 | -14,525 |
| Decrease in accrued expenses and other liabilities | -7,193 | 1,511 |
| Total adjustments | 698 | 18,201 |
| Net cash from operating activities | 18,200 | 50,668 |
| Proceeds from the sale of securities available for sale | 4,225 | 26,356 |
| Proceeds from the sale of securities held to maturity previously charged off | 0 | 0 |
| Proceeds from maturities, prepayments and calls of securities available for sale | 22,959 | 31,774 |
| Proceeds from maturities, prepayments and calls of securities held to maturity | 10,476 | 11,372 |
| Purchases of securities held to maturity | 2,000 | - |
| Purchases of securities available for sale | 8,448 | 9,509 |
| Purchases of federal home loan bank stock | 0 | 3,212 |
| Proceeds from the redemption of federal home loan bank stock | 0 | 1,209 |
| 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 bank-owned life insurance | -1 | 862 |
| Proceeds from the sale of other real estate and repossessed assets | -202 | 937 |
| Proceeds from the sale of property and equipment | 0 | 0 |
| Capital expenditures | 1,656 | 3,401 |
| Net cash used in investing activities | -9,629 | -67,304 |
| Net increase in total deposits | 199,796 | 5,271 |
| Net decrease in other borrowings | -2 | -1 |
| Proceeds from federal home loan bank advances | 35,000 | 197,000 |
| Payments of federal home loan bank advances | 135,000 | 140,000 |
| Repayment of subordinated debt | 40,000 | - |
| Dividends paid | 5,384 | 10,836 |
| Repurchase of common stock | 413 | 7,357 |
| Share based compensation withholding obligation | 41 | 1,164 |
| Net cash from (used in) financing activities | 53,956 | 42,913 |
| Net increase in cash and cash equivalents | 62,527 | 26,277 |
| Cash and cash equivalents at beginning of period | 119,882 | - |
| Cash and cash equivalents at end of period | 208,686 | - |
INDEPENDENT BANK CORP MI (IBCP)
INDEPENDENT BANK CORP MI (IBCP)