Independent Bank Corp (Michigan)
NASDAQ:IBCP
Independent Bank Corp (Michigan)
NASDAQ:IBCP
Price:
36.73
USD
1.1%
Market Closed
Market Cap:
$759.9m
Balance Sheet
Balance Sheet Decomposition
Independent Bank Corp (Michigan)
Independent Bank Corp (Michigan)
Balance Sheet Decomposition is not available for
Independent Bank Corp (Michigan)
Independent Bank Corp (Michigan)
Balance Sheet
Independent Bank Corp (Michigan)
Independent Bank Corp (Michigan)
Currency: USD
| Dec-2002 | Dec-2003 | Dec-2004 | Dec-2005 | Dec-2006 | Dec-2007 | Dec-2008 | Dec-2009 | Dec-2010 | Dec-2011 | Dec-2012 | Dec-2013 | Dec-2014 | Dec-2015 | Dec-2016 | Dec-2017 | Dec-2018 | Dec-2019 | Dec-2020 | Dec-2021 | Dec-2022 | Dec-2023 | Dec-2024 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||||||||
| Net Loans |
1 365
|
1 651
|
2 201
|
2 350
|
2 457
|
2 473
|
2 402
|
2 218
|
1 745
|
1 518
|
1 375
|
1 342
|
1 384
|
1 493
|
1 588
|
1 996
|
2 558
|
2 699
|
2 698
|
2 858
|
3 413
|
3 736
|
3 979
|
4 213
|
|
| Investments |
564
|
556
|
667
|
589
|
544
|
487
|
335
|
516
|
541
|
570
|
472
|
611
|
631
|
689
|
727
|
610
|
587
|
635
|
1 263
|
1 595
|
1 244
|
1 184
|
1 002
|
934
|
|
| PP&E Net |
41
|
44
|
57
|
63
|
68
|
74
|
73
|
73
|
68
|
63
|
47
|
49
|
46
|
43
|
40
|
39
|
39
|
47
|
44
|
43
|
41
|
40
|
43
|
39
|
|
| PP&E Gross |
41
|
44
|
57
|
63
|
68
|
74
|
73
|
73
|
68
|
63
|
47
|
49
|
46
|
43
|
40
|
39
|
39
|
47
|
44
|
43
|
41
|
40
|
43
|
0
|
|
| Accumulated Depreciation |
40
|
45
|
51
|
58
|
64
|
73
|
81
|
89
|
97
|
105
|
97
|
103
|
108
|
110
|
102
|
102
|
105
|
108
|
111
|
115
|
118
|
121
|
124
|
0
|
|
| Intangible Assets |
6
|
8
|
14
|
10
|
8
|
31
|
24
|
26
|
24
|
19
|
15
|
17
|
15
|
15
|
16
|
17
|
28
|
25
|
21
|
30
|
45
|
44
|
48
|
32
|
|
| Goodwill |
7
|
17
|
53
|
52
|
49
|
67
|
17
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
28
|
28
|
28
|
28
|
28
|
28
|
28
|
28
|
|
| Customer Acceptances Liabilities |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Long-Term Assets |
0
|
0
|
0
|
188
|
189
|
0
|
0
|
0
|
0
|
0
|
0
|
58
|
49
|
40
|
33
|
15
|
6
|
2
|
0
|
4
|
0
|
0
|
0
|
0
|
|
| Other Assets |
39
|
60
|
105
|
108
|
113
|
128
|
82
|
88
|
123
|
95
|
76
|
100
|
91
|
93
|
121
|
86
|
120
|
120
|
139
|
139
|
207
|
216
|
231
|
250
|
|
| Total Assets |
2 058
N/A
|
2 361
+15%
|
3 094
+31%
|
3 356
+8%
|
3 430
+2%
|
3 248
-5%
|
2 956
-9%
|
2 965
+0%
|
2 535
-15%
|
2 307
-9%
|
2 024
-12%
|
2 210
+9%
|
2 249
+2%
|
2 409
+7%
|
2 549
+6%
|
2 789
+9%
|
3 353
+20%
|
3 565
+6%
|
4 204
+18%
|
4 705
+12%
|
5 000
+6%
|
5 264
+5%
|
5 338
+1%
|
5 506
+3%
|
|
| Liabilities | |||||||||||||||||||||||||
| Accounts Payable |
0
|
26
|
48
|
25
|
33
|
16
|
27
|
21
|
12
|
7
|
8
|
4
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Accrued Liabilities |
32
|
32
|
52
|
58
|
41
|
36
|
33
|
44
|
31
|
29
|
34
|
32
|
24
|
24
|
29
|
34
|
36
|
50
|
68
|
80
|
108
|
107
|
105
|
124
|
|
| Short-Term Debt |
135
|
195
|
297
|
227
|
180
|
93
|
36
|
35
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
7
|
0
|
25
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Deposits |
1 536
|
1 703
|
2 177
|
2 474
|
2 603
|
2 505
|
2 067
|
2 566
|
2 252
|
2 086
|
1 780
|
1 885
|
1 924
|
2 086
|
2 226
|
2 401
|
2 913
|
3 037
|
3 637
|
4 117
|
4 379
|
4 623
|
4 654
|
4 762
|
|
| Other Interest Bearing Liabilities |
199
|
191
|
226
|
80
|
68
|
265
|
507
|
96
|
71
|
33
|
18
|
17
|
13
|
12
|
9
|
48
|
26
|
64
|
30
|
30
|
86
|
50
|
45
|
77
|
|
| Total Current Liabilities |
168
|
253
|
396
|
310
|
253
|
145
|
95
|
101
|
43
|
35
|
42
|
36
|
26
|
25
|
29
|
41
|
36
|
75
|
68
|
80
|
108
|
107
|
105
|
124
|
|
| Long-Term Debt |
17
|
52
|
64
|
64
|
64
|
93
|
93
|
93
|
50
|
50
|
50
|
41
|
36
|
36
|
36
|
36
|
39
|
40
|
79
|
79
|
79
|
79
|
79
|
40
|
|
| Other Liabilities |
0
|
0
|
0
|
179
|
184
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Liabilities |
1 920
N/A
|
2 199
+15%
|
2 864
+30%
|
3 108
+9%
|
3 172
+2%
|
3 007
-5%
|
2 761
-8%
|
2 856
+3%
|
2 416
-15%
|
2 205
-9%
|
1 889
-14%
|
1 978
+5%
|
1 998
+1%
|
2 158
+8%
|
2 300
+7%
|
2 524
+10%
|
3 014
+19%
|
3 215
+7%
|
3 815
+19%
|
4 306
+13%
|
4 652
+8%
|
4 859
+4%
|
4 883
+0%
|
5 003
+2%
|
|
| Equity | |||||||||||||||||||||||||
| Common Stock |
18
|
20
|
21
|
22
|
23
|
23
|
91
|
72
|
322
|
329
|
335
|
351
|
353
|
340
|
324
|
325
|
377
|
352
|
339
|
323
|
321
|
317
|
319
|
308
|
|
| Retained Earnings |
42
|
17
|
42
|
42
|
31
|
23
|
74
|
169
|
190
|
214
|
192
|
110
|
97
|
82
|
66
|
54
|
28
|
2
|
40
|
75
|
119
|
159
|
206
|
253
|
|
| Additional Paid In Capital |
75
|
119
|
159
|
180
|
200
|
195
|
201
|
223
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Unrealized Security Profit/Loss |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
9
|
6
|
6
|
9
|
6
|
10
|
2
|
10
|
1
|
93
|
72
|
68
|
0
|
|
| Other Equity |
3
|
6
|
9
|
5
|
4
|
0
|
23
|
16
|
13
|
12
|
8
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
72
|
2
|
58
|
|
| Total Equity |
138
N/A
|
162
+18%
|
230
+42%
|
248
+8%
|
258
+4%
|
241
-7%
|
195
-19%
|
110
-44%
|
119
+8%
|
103
-14%
|
135
+32%
|
232
+72%
|
250
+8%
|
251
+0%
|
249
-1%
|
265
+6%
|
339
+28%
|
350
+3%
|
390
+11%
|
399
+2%
|
348
-13%
|
404
+16%
|
455
+12%
|
503
+11%
|
|
| Total Liabilities & Equity |
2 058
N/A
|
2 361
+15%
|
3 094
+31%
|
3 356
+8%
|
3 430
+2%
|
3 248
-5%
|
2 956
-9%
|
2 965
+0%
|
2 535
-15%
|
2 307
-9%
|
2 024
-12%
|
2 210
+9%
|
2 249
+2%
|
2 409
+7%
|
2 549
+6%
|
2 789
+9%
|
3 353
+20%
|
3 565
+6%
|
4 204
+18%
|
4 705
+12%
|
5 000
+6%
|
5 264
+5%
|
5 338
+1%
|
5 506
+3%
|
|
| Shares Outstanding | |||||||||||||||||||||||||
| Common Shares Outstanding |
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
8
|
9
|
9
|
23
|
23
|
22
|
21
|
21
|
24
|
23
|
22
|
21
|
21
|
21
|
21
|
21
|
|
| Preferred Shares Outstanding |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
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