BanksINDEPENDENT BANK

INDEPENDENT BANK

GRAND RAPIDS, MILargeEst. Jan. 1, 1890, midnightFDIC #27811RSSD #636771FED
Latest · 2025-12-31

INDEPENDENT BANK is an 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%. CET1 capital ratio: 11.24%, well above regulatory minimums. NPL ratio: 0.77% · Texas Ratio: 6.11%. Operates 59 domestic branches.

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 Margin3.71%
Yield on Assets5.35%
Cost of Funds1.68%

Asset Quality

NPL Ratio0.77%
Net Charge-Off Ratio0.04%
Texas Ratio6.11%
NPA Ratio0.62%
ACL / Loans1.48%

Capital & Liquidity

CET1 Ratio11.24%
Tier 1 Capital11.24%
Total Capital Ratio12.49%
Leverage Ratio9.36%
Loan-to-Deposit89.00%

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