INDEPENDENT BANK

GRAND RAPIDS, MI | Large | Est. Jan. 1, 1890, midnight | FDIC #27811 | RSSD #636771 | FED
Latest Report: 2025-12-31

INDEPENDENT BANK is aln large FDIC-insured commercial bank headquartered in GRAND RAPIDS, MI, established in Jan. 1, 1890, midnight. As of 2025-12-31, the bank reported total assets of $5.5B and total deposits of $4.8B. Profitability stands at 1.38% ROA and 15.64% ROE, with a net interest margin of 3.71%. The bank's CET1 capital ratio is 11.24%, well above the regulatory minimum. Asset quality metrics show a non-performing loan ratio of 0.77% and a Texas Ratio of 6.11%. FDIC Certificate #27811.

Assets

$5.5B

Deposits

$4.8B

Loans

$4.3B

Equity

$491M

Profitability

Return on Assets (ROA) 1.38%
Return on Equity (ROE) 15.64%
Net Interest Margin (NIM) 3.71%
Yield on Assets 5.35%
Cost of Funds 2.19%

Asset Quality

NPL Ratio 0.77%
Net Charge-Off Ratio 0.04%
Texas Ratio 6.11%
NPA Ratio 0.62%
ACL / Loans 1.48%

Capital & Liquidity

CET1 Ratio 11.24%
Tier 1 Capital 11.24%
Total Capital Ratio 12.49%
Leverage Ratio 9.36%
Loan-to-Deposit 89.00%

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