Independent Bank Corp (Michigan)
NASDAQ:IBCP
Independent Bank Corp (Michigan)
NASDAQ:IBCP
Price:
30.86
USD
-2.16%
Market Closed
Market Cap:
645m
USD
Balance Sheet
Balance Sheet Decomposition
Independent Bank Corp (Michigan)
Independent Bank Corp (Michigan)
| Net Loans | 4B |
| Investments | 1B |
| PP&E | 43.5m |
| Intangibles | 76.6m |
| Other Assets | 236.3m |
Balance Sheet
Independent Bank Corp (Michigan)
Independent Bank Corp (Michigan)
Currency: USD
Millions
Annual
| Dec-2015 | Dec-2016 | Dec-2017 | Dec-2018 | Dec-2019 | Dec-2020 | Dec-2021 | Dec-2022 | Dec-2023 | Dec-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Net Loans |
1 493
|
1 588
|
1 996
|
2 558
|
2 699
|
2 698
|
2 858
|
3 413
|
3 736
|
3 979
|
|
| Investments |
689
|
727
|
610
|
587
|
635
|
1 263
|
1 595
|
1 244
|
1 184
|
1 002
|
|
| PP&E Net |
43
|
40
|
39
|
39
|
47
|
44
|
43
|
41
|
40
|
43
|
|
| PP&E Gross |
43
|
40
|
39
|
39
|
47
|
44
|
43
|
41
|
40
|
43
|
|
| Accumulated Depreciation |
110
|
102
|
102
|
105
|
108
|
111
|
115
|
118
|
121
|
124
|
|
| Intangible Assets |
15
|
16
|
17
|
28
|
25
|
21
|
30
|
45
|
44
|
48
|
|
| Goodwill |
0
|
0
|
0
|
28
|
28
|
28
|
28
|
28
|
28
|
28
|
|
| Customer Acceptances Liabilities |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Long-Term Assets |
40
|
33
|
15
|
6
|
2
|
0
|
4
|
0
|
0
|
0
|
|
| Other Assets |
93
|
121
|
86
|
120
|
120
|
139
|
139
|
207
|
216
|
231
|
|
| Total Assets |
2 409
N/A
|
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%
|
|
| Liabilities | |||||||||||
| Accounts Payable |
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Accrued Liabilities |
24
|
29
|
34
|
36
|
50
|
68
|
80
|
108
|
107
|
105
|
|
| Short-Term Debt |
0
|
0
|
7
|
0
|
25
|
0
|
0
|
0
|
0
|
0
|
|
| Total Deposits |
2 086
|
2 226
|
2 401
|
2 913
|
3 037
|
3 637
|
4 117
|
4 379
|
4 623
|
4 654
|
|
| Other Interest Bearing Liabilities |
12
|
9
|
48
|
26
|
64
|
30
|
30
|
86
|
50
|
45
|
|
| Total Current Liabilities |
25
|
29
|
41
|
36
|
75
|
68
|
80
|
108
|
107
|
105
|
|
| Long-Term Debt |
36
|
36
|
36
|
39
|
40
|
79
|
79
|
79
|
79
|
79
|
|
| Other Liabilities |
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Liabilities |
2 158
N/A
|
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%
|
|
| Equity | |||||||||||
| Common Stock |
340
|
324
|
325
|
377
|
352
|
339
|
323
|
321
|
317
|
319
|
|
| Retained Earnings |
82
|
66
|
54
|
28
|
2
|
40
|
75
|
119
|
159
|
206
|
|
| Unrealized Security Profit/Loss |
6
|
9
|
6
|
10
|
2
|
10
|
1
|
93
|
72
|
68
|
|
| Other Equity |
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
72
|
2
|
|
| Total Equity |
251
N/A
|
249
-1%
|
265
+6%
|
339
+28%
|
350
+3%
|
390
+11%
|
399
+2%
|
348
-13%
|
404
+16%
|
455
+12%
|
|
| Total Liabilities & Equity |
2 409
N/A
|
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%
|
|
| Shares Outstanding | |||||||||||
| Common Shares Outstanding |
22
|
21
|
21
|
24
|
23
|
22
|
21
|
21
|
21
|
21
|
|
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