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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
203,388
Interest-earning deposits with banks
749,255
505,687
542,132
707,408
Trading
4,835
5,525
4,720
4,611
Equity
21,602
21,518
21,581
21,567
Debt securities, available-for-sale, excluding accrued interest
2,075,972
2,088,365
2,004,247
1,941,220
Debt securities, held-to-maturity, accumulated unrecognized gain-USTreasury Securities
0
0
0
0
Debt securities, held-to-maturity, accumulated unrecognized loss-USTreasury Securities
3,408
3,648
3,748
4,527
Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-USTreasury Securities
0
0
0
0
Debt securities, held-to-maturity, fair value-USTreasury Securities
97,503
97,244
97,124
96,324
Debt securities, held-to-maturity, accumulated unrecognized gain-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises
177
249
339
240
Debt securities, held-to-maturity, accumulated unrecognized loss-Mortgage Backed Securities Issued By USGovernment Sponsored Enterprises
38,749
36,983
35,827
40,093
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
719,230
Debt securities, held-to-maturity, accumulated unrecognized gain-Collateralized Debt Obligations
0
0
0
0
Debt securities, held-to-maturity, accumulated unrecognized loss-Collateralized Debt Obligations
45,598
45,871
44,900
47,949
Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-Collateralized Debt Obligations
0
0
0
0
Debt securities, held-to-maturity, fair value-Collateralized Debt Obligations
303,073
314,392
325,798
334,666
Debt securities, held-to-maturity, accumulated unrecognized gain-Small Business Administration Pooled Securities
0
36
183
65
Debt securities, held-to-maturity, accumulated unrecognized loss-Small Business Administration Pooled Securities
5,088
4,047
4,341
4,601
Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest-Small Business Administration Pooled Securities
0
0
0
0
Debt securities, held-to-maturity, fair value-Small Business Administration Pooled Securities
102,010
105,290
108,396
110,532
Held to maturity (fair value 1,117,644 and 1,190,733)
1,210,310
1,256,566
1,279,027
1,357,617
Total securities
3,312,719
3,371,974
3,309,575
3,325,015
Loans held for sale (at fair value)
21,982
16,758
35,909
17,052
Commercial And Industrial
4,730,827
4,651,453
4,611,789
4,532,294
Commercial Real Estate
7,944,099
8,181,340
8,275,408
8,241,458
Construction Loans
1,464,449
1,403,613
1,399,193
1,439,876
Residential Real Estate
2,870,277
2,842,144
2,873,443
2,917,101
Home Equity Loan-Senior Lien
-
-
-
511,482
Home Equity1st Position-Senior Lien
-
-
506,764
-
Home Equity Loan-Junior Lien
-
-
-
772,657
Home Equity Subordinate Position-Junior Lien
-
-
790,898
-
Home Equity Loan
1,342,797
1,307,746
-
-
Consumer Portfolio Segment
41,878
39,182
46,282
37,575
Total loans
18,394,327
18,425,478
18,503,777
18,452,443
Less allowance for credit losses
195,899
190,560
189,877
190,476
Net loans
18,198,428
18,234,918
18,313,900
18,261,967
Federal home loan bank stock
13,631
17,752
21,835
21,835
Bank premises and equipment, net
217,877
217,695
218,190
221,165
Goodwill
1,090,610
1,090,610
1,090,610
1,083,374
Other intangible assets
119,896
126,687
133,576
141,732
Cash surrender value of life insurance policies
381,230
380,423
378,576
376,163
Other assets
616,295
597,785
638,823
634,140
Total assets
24,973,894
24,783,580
24,912,896
24,993,239
Non-interest-bearing demand deposits
5,709,647
5,633,079
5,600,955
5,635,911
Savings and interest checking accounts
6,503,521
6,310,870
6,482,970
7,111,570
Money market
4,929,495
4,898,267
4,774,645
4,128,400
Time certificates of deposit
3,249,455
3,255,294
3,268,220
3,419,988
Total deposits
20,392,118
20,097,510
20,126,790
20,295,869
Federal home loan bank and other borrowings
216,719
316,734
416,549
416,240
Long-term line of credit
124,984
99,969
49,953
-
Junior subordinated notes
62,864
62,863
62,862
62,862
Subordinated debt
296,898
296,690
296,483
296,275
Total borrowings
701,465
776,256
825,847
775,377
Other liabilities
367,948
367,773
394,531
375,106
Total liabilities
21,461,531
21,241,539
21,347,168
21,446,352
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
495
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
3,505
Deferred compensation and other retirement benefit obligations
3,508
3,622
3,452
3,505
Additional paid in capital
2,201,250
2,272,910
2,335,879
2,371,111
Retained earnings
1,369,306
1,317,946
1,269,113
1,222,843
Accumulated other comprehensive loss, net of tax
-58,666
-49,298
-39,754
-47,562
Total stockholders equity
3,512,363
3,542,041
3,565,728
3,546,887
Total liabilities and stockholders equity
24,973,894
24,783,580
24,912,896
24,993,239
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 (13250.53%↑ Y/Y)Commercial And Industrial$4,730,827K (13298.36%↑ Y/Y)Residential Real Estate$2,870,277K (11194.08%↑ Y/Y)Construction Loans$1,464,449K (17796.24%↑ Y/Y)Home Equity Loan$1,342,797K (12206.82%↑ Y/Y)Consumer PortfolioSegment$41,878K (4621.31%↑ Y/Y)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 (26.56%↑ Y/Y)Debt securities,available-for-sale, excluding...$2,075,972K (61.39%↑ Y/Y)Held to maturity(fair value 1,117,644...$1,210,310K (-12.48%↓ Y/Y)Equity$21,602K (1.62%↑ Y/Y)Trading$4,835K (0.71%↑ Y/Y)Debt securities,held-to-maturity, accumulated...$177K Net loans$18,198,428K (26.47%↑ Y/Y)Total securities$3,312,719K (22.91%↑ Y/Y)Goodwill$1,090,610K (10.71%↑ Y/Y)Interest-earning deposits withbanks$749,255K (9.89%↑ Y/Y)Other assets$616,295K (14.82%↑ Y/Y)Cash surrender valueof life insurance...$381,230K (24.96%↑ Y/Y)Cash and due frombanks$251,971K (14.84%↑ Y/Y)Bank premises andequipment, net$217,877K (15.35%↑ Y/Y)Other intangibleassets$119,896K (1130.71%↑ Y/Y)Loans held for sale (atfair value)$21,982K (30.91%↑ Y/Y)Federal home loan bankstock$13,631K (-35.25%↓ Y/Y)Less allowance forcredit losses$195,899K (35.31%↑ Y/Y)Total assets$24,973,894K (24.56%↑ Y/Y)Total liabilities andstockholders equity$24,973,894K (24.56%↑ Y/Y)Total liabilities$21,461,531K (26.44%↑ Y/Y)Total stockholdersequity$3,512,363K (14.23%↑ Y/Y)Accumulated othercomprehensive loss, net of tax-$58,666K (-1.00%↓ Y/Y)Value of shares held inrabbi trust at cost...$3,508K (1.42%↑ Y/Y)Total deposits$20,392,118K (28.30%↑ Y/Y)Total borrowings$701,465K (-7.63%↓ Y/Y)Other liabilities$367,948K (14.66%↑ Y/Y)Additional paid in capital$2,201,250K (14.97%↑ Y/Y)Retained earnings$1,369,306K (12.43%↑ Y/Y)Deferred compensationand other...$3,508K (1.42%↑ Y/Y)Common stock, 0.01 parvalue, authorized...$473K (11.56%↑ Y/Y)Savings and interestchecking accounts$6,503,521K (23.19%↑ Y/Y)Non-interest-bearing demand deposits$5,709,647K (26.15%↑ Y/Y)Money market$4,929,495K (46.35%↑ Y/Y)Time certificates ofdeposit$3,249,455K (19.46%↑ Y/Y)Subordinated debt$296,898K (0.28%↑ Y/Y)Federal home loan bankand other...$216,719K (-45.89%↓ Y/Y)Long-term line of credit$124,984K Junior subordinatednotes$62,864K (0.00%↑ Y/Y)

INDEPENDENT BANK CORP (INDB)

INDEPENDENT BANK CORP (INDB)