Independent Bank: Vital Signs
Data as of · Call Report Schedules RC, RC-N, RC-R and RI How we update
The headline measure from each supervisory category on one page: capital adequacy, asset quality, earnings and liquidity, the same four corners a CAMELS examiner works through.
Reserve coverage of non-performing loans dropped 18.19 percentage points in Q2 2026, from 168.52% to 150.33%. It was the largest change from Q1 2026 among the key lines here. Independent Bank ranks 27th of 72 Michigan banks on return on assets, in the upper half at 1.42% (Q2 2026). Independent Bank reported 1.42% on return on assets for Q2 2026, 0.15 points above the 1.28% median for banks in the $1B-10B asset tier.
Capital adequacy
| Line item | Q2 2026 |
|---|---|
| CET1 capital ratio | 11.45% |
| Tier 1 risk-based capital ratio | 11.45% |
| Total risk-based capital ratio | 12.70% |
| Tier 1 leverage ratio | 9.67% |
| Equity capital to assets | 9.12% |
| Tangible equity to tangible assets | 8.65% |
Asset quality
| Line item | Q2 2026 |
|---|---|
| Non-performing loans to loans | 0.99% |
| Non-performing assets ratio | 0.78% |
| Net charge-off ratio | 0.03% |
| Texas ratio | 8.00% |
| Allowance for credit losses to loans | 1.48% |
| Reserve coverage of non-performing loans | 150.33% |
Earnings
| Line item | Q2 2026 |
|---|---|
| Return on assets | 1.42% |
| Return on equity | 15.68% |
| Net interest margin | 3.71% |
| Efficiency ratio | 59.05% |
| Yield on earning assets | 5.13% |
| Cost of funds | 1.30% |
Liquidity and funding
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 89.93% |
| Core deposits to total deposits | 95.61% |
| Brokered deposits to total deposits | 0.01% |
| Deposits to assets | 87.15% |
| Securities to assets | 13.84% |
Vital Signs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Vital Signs by quarter
| Quarter | CET1 | Tier 1 RBC | Total RBC | Tier 1 leverage | ROA |
|---|---|---|---|---|---|
| Q3 2023 | 11.09% | 11.09% | 12.34% | 8.71% | 1.40% |
| Q4 2023 | 11.21% | 11.21% | 12.46% | 8.80% | 1.11% |
| Q1 2024 | 11.37% | 11.37% | 12.62% | 9.05% | 1.28% |
| Q2 2024 | 11.70% | 11.70% | 12.95% | 9.34% | 1.47% |
| Q3 2024 | 11.74% | 11.74% | 13.00% | 9.36% | 1.10% |
| Q4 2024 | 11.74% | 11.74% | 12.99% | 9.58% | 1.44% |
| Q1 2025 | 11.93% | 11.93% | 13.19% | 9.56% | 1.20% |
| Q2 2025 | 11.90% | 11.90% | 13.15% | 9.79% | 1.32% |
| Q3 2025 | 11.33% | 11.33% | 12.58% | 9.19% | 1.36% |
| Q4 2025 | 11.24% | 11.24% | 12.49% | 9.36% | 1.38% |
| Q1 2026 | 11.43% | 11.43% | 12.68% | 9.43% | 1.26% |
| Q2 2026 | 11.45% | 11.45% | 12.70% | 9.67% | 1.42% |
Independent Bank vital signs, all the way back
Vital Signs back to 2001 · peer percentiles on every line item · Excel export
Unlock Independent Bank, freeSource: Call Report Schedules RC, RC-N, RC-R and RI, 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)