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BDI
IB

Independent Bank

Grand Rapids, MichiganFDIC Cert #27811

STATEEstablished 189059 branches

Holding company: INDEPENDENT BANK CORPRegulator: FED

FDICCERT + OFFDOM

Balance sheet & income statement

Financials

Reported balance-sheet positions and year-to-date earnings from the latest FDIC Call Report.

As of Q1 2026

Balance sheet trend

Assets & deposits

Time range
Reporting mode
Assets and deposits by reporting quarter
QuarterAssetsDeposits
Q2 2021$4.46B$3.93B
Q3 2021$4.62B$4.07B
Q4 2021$4.7B$4.18B
Q1 2022$4.76B$4.27B
Q2 2022$4.82B$4.36B
Q3 2022$4.93B$4.4B
Q4 2022$5B$4.45B
Q1 2023$5.13B$4.62B
Q2 2023$5.13B$4.56B
Q3 2023$5.2B$4.65B
Q4 2023$5.26B$4.68B
Q1 2024$5.23B$4.65B
Q2 2024$5.27B$4.68B
Q3 2024$5.25B$4.69B
Q4 2024$5.33B$4.72B
Q1 2025$5.32B$4.7B
Q2 2025$5.41B$4.73B
Q3 2025$5.49B$4.92B
Q4 2025$5.5B$4.82B
Q1 2026$5.55B$4.94B

Balance sheet

Core assets, funding, and capital reported at quarter end.

Assets
$5.55B
+4.3%y/y
Percentile by value59th percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICASSET
Deposits
$4.94B
+5.1%y/y
Percentile by value63rd percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICDEP
Gross loans
$4.33B
+6.0%y/y
Percentile by value65th percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICLNLSGR
Net loans
$4.27B
+6.0%y/y
Percentile by value64th percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICLNLSNET
Securities
$783M
−9.6%y/y
Percentile by value51st percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICSC
Cash
$175M
+36.5%y/y
Percentile by value33rd percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICCHBAL
Liabilities
$5.05B
+4.5%y/y
Percentile by value60th percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICLIAB
Equity
$498M
+2.1%y/y
Peer standing45th percentile
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICEQ

Income statement

Year-to-date reported earnings and core revenue components.

Revenue
$59.6M
+7.3%y/y
Peer standing61st percentile
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICNIM + NONII
NII
$47.6M
+6.3%y/y
Peer standing63rd percentile
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICNIM
Noninterest income
$11.9M
+11.9%y/y
Peer standing70th percentile
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICNONII
Provision
$362K
−60.5%y/y
Percentile by value31st percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICELNATR
Pretax income
$21.1M
+2.5%y/y
Peer standing54th percentile
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICPTAXNETINC
Net income
$17.6M
+7.4%y/y
Peer standing56th percentile
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICNETINC