Bank Safety Analysis
Is Independent Bank Safe?
Independent Bank passes all 5 regulatory safety dimensions, with capital, asset quality, and stress buffers above supervisory concern bands. Analysis based on the Q2 2026 call report.
The largest change between Q1 2026 and Q2 2026 was in return on assets, which rose 0.16 percentage points to 1.42%. Independent Bank ranks 34th of 43 Michigan banks on CET1 ratio, in the lower half at 11.45% (Q2 2026). Independent Bank reported 11.45% on CET1 ratio for Q2 2026, 2.03 points below the 13.48% median for banks in the $1B-10B asset tier. From Q3 2023 to Q2 2026, Independent Bank's CET1 ratio ranged between 11.09% (Q3 2023) and 11.93% (Q1 2025) and its Texas ratio ranged between 1.38% (Q1 2024) and 8.00% (Q2 2026). Compared with Q2 2025, Independent Bank's CET1 ratio from 11.90% to 11.45%, noncurrent loans to total loans from 0.25% to 0.99%, Texas ratio from 2.11% to 8.00%, return on assets from 1.32% to 1.42% in Q2 2026.
Data as of · sourced from FFIEC call reports. How we update
A relative risk score, not a calibrated probability: it ranks this bank against every other filer. Model AUC 0.988 (v20261005_114304). Trained on credit-driven community-bank failures, it carries little signal for interest-rate or deposit-flight risk, and its accuracy above roughly $10B in assets is not established, so a low score is not evidence of safety. See the methodology. This is not investment advice or a credit rating.
Scorecard by dimension
Peer cohort: banks with $1B to $10B in assets (931 banks) · Industry averages as of Q2 2026.
CET1 of 11.45% sits comfortably above the 6.5% well-capitalized threshold under Prompt Corrective Action and the 7.0% level required once the capital conservation buffer is included.
Tier 1 leverage of 9.67% is above the 5% well-capitalized threshold.
Nonperforming loans at 0.99% are within industry-normal range.
Texas Ratio of 8.0% is well below the 100% historical failure threshold.
Efficiency ratio of 59.0% reflects competitive operating costs (lower is better).
Risk screens
Latest filing (Q2 2026), passing screens included.
| Screen | Value | Trigger | Result |
|---|---|---|---|
| CET1 capital ratio supervisory threshold | 11.45% | Flags below 7% | Within range |
| Texas ratio BankRegReports band | 8.00% | Watch at 50%, concern at 100% | Within range |
| Non-performing loan ratio BankRegReports band | 0.99% | Flags at 3% or above | Within range |
| Uninsured deposit share BankRegReports band | 24.38% | Watch at 50%, concern at 70% | Within range |
| Loan-to-deposit ratio BankRegReports band | 89.93% | Flags at 100% or above | Within range |
| Commercial real estate to capital supervisory threshold | 173.48% | Watch at 200%, concern at 300% | Within range |
| Held-to-maturity unrealized loss to equity BankRegReports band | 5.16% | Watch at 10%, concern at 25% | Within range |
Capital ratio: last 12 quarters
| Quarter | CET1 (%) |
|---|---|
| Q2 2026 | 11.45% |
| Q1 2026 | 11.43% |
| Q4 2025 | 11.24% |
| Q3 2025 | 11.33% |
| Q2 2025 | 11.90% |
| Q1 2025 | 11.93% |
| Q4 2024 | 11.74% |
| Q3 2024 | 11.74% |
| Q2 2024 | 11.70% |
| Q1 2024 | 11.37% |
| Q4 2023 | 11.21% |
| Q3 2023 | 11.09% |
Texas Ratio: last 12 quarters
| Quarter | Texas Ratio (%) |
|---|---|
| Q2 2026 | 8.00% |
| Q1 2026 | 7.21% |
| Q4 2025 | 6.45% |
| Q3 2025 | 4.49% |
| Q2 2025 | 2.11% |
| Q1 2025 | 1.86% |
| Q4 2024 | 1.77% |
| Q3 2024 | 1.63% |
| Q2 2024 | 1.42% |
| Q1 2024 | 1.38% |
| Q4 2023 | 1.76% |
| Q3 2023 | 1.74% |
Independent Bank by quarter
| Quarter end | CET1 | Noncurrent loans | Texas ratio | ROA |
|---|---|---|---|---|
| Jun 30, 2026 | 11.45% | 0.99% | 8.00% | 1.42% |
| Mar 31, 2026 | 11.43% | 0.87% | 7.21% | 1.26% |
| Dec 31, 2025 | 11.24% | 0.77% | 6.45% | 1.38% |
| Sep 30, 2025 | 11.33% | 0.54% | 4.49% | 1.36% |
| Jun 30, 2025 | 11.90% | 0.25% | 2.11% | 1.32% |
| Mar 31, 2025 | 11.93% | 0.23% | 1.86% | 1.20% |
| Dec 31, 2024 | 11.74% | 0.20% | 1.77% | 1.44% |
| Sep 30, 2024 | 11.74% | 0.19% | 1.63% | 1.10% |
| Jun 30, 2024 | 11.70% | 0.15% | 1.42% | 1.47% |
| Mar 31, 2024 | 11.37% | 0.14% | 1.38% | 1.28% |
| Dec 31, 2023 | 11.21% | 0.18% | 1.76% | 1.11% |
| Sep 30, 2023 | 11.09% | 0.19% | 1.74% | 1.40% |
Banks with a similar risk profile
4 banks in the same asset tier with the same overall verdict.
Frequently asked
Is Independent Bank FDIC insured?
Yes. Independent Bank is an FDIC-insured commercial bank (FDIC Certificate #27811). Customer deposits are protected up to the standard FDIC insurance limit of $250,000 per depositor, per ownership category.
Is Independent Bank well capitalized?
Yes. Independent Bank reports a CET1 Ratio of 11.45%, comfortably above the regulatory well-capitalized threshold that its primary federal regulator, the Federal Reserve, applies under Prompt Corrective Action.
What is Independent Bank's nonperforming loan ratio?
As of the most recent call report, Independent Bank's nonperforming loan ratio is 0.99%. Nonperforming loans at 0.99% are within industry-normal range.
What is Independent Bank's Texas Ratio?
Independent Bank's Texas Ratio is 8.00%. It compares nonperforming assets with tangible equity plus reserves; above 100% has historically signaled elevated failure risk.
How safe is my money at any FDIC-insured bank?
FDIC insurance covers up to $250,000 per depositor, per insured bank, per ownership category. If an insured bank fails, the FDIC typically pays insured depositors within one business day.
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Methodology & disclaimer
Based on the latest FFIEC call report. Model output is an estimate, not a credit rating, and this page is not investment advice. FDIC insurance covers deposits up to $250,000 per depositor per ownership category at any FDIC-insured bank, whatever its safety profile. See the methodology and full profile.
Regulator records: FDIC BankFind (cert 27811) · FFIEC NIC profile (RSSD 636771)
Explore: Full Independent Bank profile · Other banks in MI · Metric glossary · How the call report works