Independent Bank: Liquidity and Borrowings
Data as of · Call Report Schedules RC and RC-M How we update
Cash, the assets that can be turned into cash, and the borrowed money standing behind the deposit base. Heavy reliance on non-core wholesale funding is what turns a deposit outflow into a forced sale of securities.
Other borrowed money climbed 370.4% in Q2 2026, from $27.0M to $127.0M. It was the largest change from Q1 2026 among the key lines here. Within Michigan, Independent Bank is 30th of 72 on loan-to-deposit ratio, 89.93% as of Q2 2026, above the middle of the field. At 89.93%, Independent Bank's loan-to-deposit ratio is close to the 88.20% median for banks in the $1B-10B asset tier (Q2 2026).
Liquid assets
| Line item | Q2 2026 |
|---|---|
| Cash and balances due from depository institutions | $165.4M |
| Cash and noninterest-bearing balances to assets | 2.93% |
| Cash and securities | $948.2M |
| Fed funds sold and reverse repos | $0 |
| Fed funds sold and reverse repos to assets | 0.00% |
Borrowed funds
| Line item | Q2 2026 |
|---|---|
| Fed funds purchased and repos | $0 |
| Other borrowed money | $127.0M |
| Subordinated notes and debentures | $0 |
| Other borrowed money to assets | 2.25% |
| Trading liabilities | $0 |
Funding structure
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 89.93% |
| Net loans and leases to deposits | 88.60% |
| Loans and leases to core deposits | 94.04% |
| Core deposits to total deposits | 95.61% |
| Brokered deposits to total deposits | 0.01% |
Liquidity and Borrowings trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Liquidity and Borrowings by quarter
| Quarter | Loan-to-deposit | Core deposits share | Fed funds purchased and repos | Other borrowed money |
|---|---|---|---|---|
| Q3 2023 | 80.84% | 90.71% | $0 | $50.0M |
| Q4 2023 | 81.25% | 89.30% | $0 | $50.0M |
| Q1 2024 | 82.85% | 91.46% | $0 | $50.0M |
| Q2 2024 | 82.60% | 92.18% | $0 | $50.0M |
| Q3 2024 | 84.38% | 93.77% | $0 | $0 |
| Q4 2024 | 85.86% | 92.34% | $0 | $45.0M |
| Q1 2025 | 86.84% | 92.97% | $0 | $45.0M |
| Q2 2025 | 88.30% | 92.45% | $0 | $102.0M |
| Q3 2025 | 85.63% | 91.41% | $0 | $2.0M |
| Q4 2025 | 89.00% | 94.98% | $0 | $77.0M |
| Q1 2026 | 87.61% | 94.46% | $0 | $27.0M |
| Q2 2026 | 89.93% | 95.61% | $0 | $127.0M |
Independent Bank liquidity and borrowings, all the way back
Liquidity and Borrowings back to 2001 · peer percentiles on every line item · Excel export
Unlock Independent Bank, freeSource: Call Report Schedules RC and RC-M, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Independent Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 27811) · FFIEC NIC profile (RSSD 636771)