Independent Bank Corp (Michigan)
NASDAQ:IBCP

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Independent Bank Corp (Michigan)
NASDAQ:IBCP
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Price: 35.38 USD 0.28% Market Closed
Market Cap: 739.1m USD
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Balance Sheet

Balance Sheet Decomposition
Independent Bank Corp (Michigan)

Net Loans 3.9B
Investments 1B
PP&E 41.7m
Intangibles 70.1m
Other Assets 221.7m
Total Deposits 4.6B
Long Term Debt 79.3m
Other Liabilities 100.7m

Balance Sheet
Independent Bank Corp (Michigan)

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Balance Sheet
Currency: USD
Dec-2014 Dec-2015 Dec-2016 Dec-2017 Dec-2018 Dec-2019 Dec-2020 Dec-2021 Dec-2022 Dec-2023
Assets
Net Loans
1 384
1 493
1 588
1 996
2 558
2 699
2 698
2 858
3 413
3 736
Investments
631
689
727
610
587
635
1 263
1 595
1 244
1 184
PP&E Net
46
43
40
39
39
47
44
43
41
40
PP&E Gross
46
43
40
39
39
47
44
43
41
40
Accumulated Depreciation
108
110
102
102
105
108
111
115
118
121
Intangible Assets
15
15
16
17
28
25
21
30
45
44
Goodwill
0
0
0
0
28
28
28
28
28
28
Customer Acceptances Liabilities
0
0
0
0
0
0
0
0
0
0
Other Long-Term Assets
49
40
33
15
6
2
0
4
0
0
Other Assets
91
93
121
86
120
120
139
139
207
216
Total Assets
2 249
N/A
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%
Liabilities
Accounts Payable
2
1
0
0
0
0
0
0
0
0
Accrued Liabilities
24
24
29
34
36
50
68
80
108
107
Short-Term Debt
0
0
0
7
0
25
0
0
0
0
Total Deposits
1 924
2 086
2 226
2 401
2 913
3 037
3 637
4 117
4 379
4 623
Other Interest Bearing Liabilities
13
12
9
48
26
64
30
30
86
50
Total Current Liabilities
26
25
29
41
36
75
68
80
108
107
Long-Term Debt
36
36
36
36
39
40
79
79
79
79
Other Liabilities
0
0
1
0
0
0
0
0
0
0
Total Liabilities
1 998
N/A
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%
Equity
Common Stock
353
340
324
325
377
352
339
323
321
317
Retained Earnings
97
82
66
54
28
2
40
75
119
159
Unrealized Security Profit/Loss
6
6
9
6
10
2
10
1
93
72
Other Equity
0
0
0
0
0
2
0
0
0
72
Total Equity
250
N/A
251
+0%
249
-1%
265
+6%
339
+28%
350
+3%
390
+11%
399
+2%
348
-13%
404
+16%
Total Liabilities & Equity
2 249
N/A
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%
Shares Outstanding
Common Shares Outstanding
23
22
21
21
24
23
22
21
21
21
Preferred Shares Outstanding
0
0
0
0
0
0
0
0
0
0

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