Independent Bank: Peer Group Comparison
Data as of · peers are US banks in the same asset tier. How we update
This page benchmarks Independent Bank of Grand Rapids, MI against its peer group of 931 similarly-sized US banks as of Q2 2026. For each metric the bank's value is shown next to the peer-group average and the bank's percentile rank and quartile within the cohort, the same peer-benchmarking regulators use to judge whether a bank is an outlier. Top quartile means the bank ranks in the strongest 25% of its peers on that measure.
How to read the two peer columns: Peer avg is the simple mean of the peer group. The percentile is the share of peers this bank outperforms, and the tag beside it compares the bank with the median peer: above means the bank is in the better half, top means the best quarter. A skewed group can pull the mean away from the median, so a bank can sit behind the peer average and still rank above the median peer.
Profitability
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| ROAA Behind the peer average, ahead of the median peer. | 1.42% | 1.46% | -0.04% | 61st above |
| ROAE | 15.68% | 12.71% | +2.97% | 75th top |
| Net Interest Margin Behind the peer average, ahead of the median peer. | 3.71% | 3.85% | -0.14% | 50th above |
| Efficiency Ratio | 59.05% | 57.40% | +1.65% | 49th below |
| PPNR / Avg Assets Behind the peer average, ahead of the median peer. | 1.80% | 1.88% | -0.08% | 57th above |
| Yield on Earning Assets | 5.13% | 5.72% | -0.59% | 26th below |
| Cost of Funds | 1.30% | 2.02% | -0.72% | 87th top |
| Net Interest Spread | 3.21% | 3.18% | +0.03% | 61st above |
Asset Quality
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| NPL / Total Loans Ahead of the peer average, behind the median peer. | 0.99% | 1.00% | -0.01% | 32nd below |
| NPA / Total Assets | 0.78% | 0.76% | +0.02% | 32nd below |
| NCO / Avg Loans Ahead of the peer average, behind the median peer. | 0.03% | 0.43% | -0.40% | 48th below |
| ACL / Total Loans | 1.48% | 1.31% | +0.17% | 85th top |
| ACL / NPLs (Coverage) | 150.33% | 544.23% | -393.90% | 44th below |
| Texas Ratio | 8.00% | 7.39% | +0.61% | 30th below |
| Provision / NCO Behind the peer average, ahead of the median peer. | 451.97% | 619.03% | -167.06% | 75th top |
Capital Adequacy
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| CET1 Ratio | 11.45% | 17.35% | -5.90% | 17th bottom |
| Tier 1 Ratio | 11.45% | 17.38% | -5.93% | 16th bottom |
| Total Capital Ratio | 12.70% | 18.43% | -5.73% | 17th bottom |
| Leverage Ratio | 9.67% | 11.44% | -1.77% | 27th below |
| Equity / Assets | 9.12% | 11.34% | -2.22% | 24th bottom |
| TCE / Tangible Assets | 8.65% | 10.50% | -1.85% | 23rd bottom |
Liquidity & Funding
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Loan / Deposit | 89.93% | 86.95% | +2.98% | 46th below |
| Core Deposit Ratio | 95.61% | 85.53% | +10.08% | 88th top |
| Uninsured Deposit Ratio | 24.38% | 33.14% | -8.76% | 73rd above |
| Wholesale Funding Ratio | 2.25% | 5.71% | -3.46% | 66th above |
Growth & Management
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Asset Growth (Y/Y) | 4.53% | 9.69% | -5.16% | 45th below |
| Loan Growth (Y/Y) Behind the peer average, ahead of the median peer. | 6.08% | 8.06% | -1.98% | 52nd above |
| Deposit Growth (Y/Y) | 4.15% | 7.88% | -3.73% | 46th below |
See Independent Bank's peers by name
The 931 banks in this peer group, by name · build custom peer groups · percentile history · Excel export
Unlock Independent Bank, freeSource: FFIEC call reports + UBPR, standardized by BankRegReports. Peer averages and percentiles are computed against US banks in the same asset tier, point-in-time as filed. See the full Independent Bank profile, how to read a UBPR, or how this data updates.