Independent bank corp /mi/ (IBCP)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Cash and due from banks

48

53

38

34

33

23

35

36

29

36

31

35

29

35

38

34

41

54

52

44

46

48

48

58

53

48

56

47

51

55

56

60

53

62

58

58

48

Interest bearing deposits

21

12

43

20

38

46

17

22

13

17

15

24

39

47

75

26

102

31

53

14

55

25

17

46

78

70

74

92

170

124

403

358

299

278

297

262

336

Cash and Cash Equivalents

70

65

82

55

71

70

53

58

42

54

47

59

69

83

114

61

144

85

105

58

101

74

65

105

131

119

130

140

221

179

460

419

352

341

355

320

385

For banks and other depository institutions: Interest-bearing deposits-time in other financial institutions with maturities of more than three months including, for example, certificates of deposits, which are presented separately from cash on the balance sheet.

0

0

0

0

0

0

0

2

1

2

3

5

5

5

7

8

10

11

13

10

11

13

14

15

16

17

16

8

6

0

-

-

-

-

-

-

-

Equity securities at fair value

-

-

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trading securities

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Securities available for sale

594

518

439

430

461

427

436

450

489

522

548

583

608

610

603

599

589

585

604

557

571

533

533

518

522

462

415

353

283

208

230

247

303

157

94

78

67

Federal Home Loan Bank and Federal Reserve Bank Stock

18

18

18

18

18

18

18

16

15

15

15

15

15

15

15

15

15

15

15

15

20

19

23

23

23

23

21

21

20

20

20

20

20

20

21

21

23

Loans held for sale, carried at fair value

64

69

87

62

43

44

41

50

34

39

47

45

37

35

38

31

28

27

25

30

30

23

22

23

14

20

27

35

37

47

41

43

40

44

28

26

50

Payment plan receivables and other assets held for sale

-

-

-

-

-

-

-

-

-

-

0

0

34

33

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans held-for-sale carried at lower of cost or fair value.

-

-

36

0

0

41

-

13

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3

52

53

-

0

-

-

-

Loans
Commercial

-

-

-

-

1,168

-

1,112

1,106

857

853

837

828

815

804

784

792

770

748

726

711

710

690

672

654

642

635

625

617

612

617

603

612

649

651

656

666

707

Amount before allowance of consumer mortgage. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements.

-

-

-

-

1,043

-

1,056

988

888

849

781

674

581

538

522

506

504

498

468

469

465

472

473

472

475

486

491

503

515

527

537

547

571

590

609

622

658

Installment

-

-

-

-

406

-

393

371

325

316

318

308

274

265

268

252

231

234

235

228

207

206

208

201

188

192

194

190

184

189

197

199

210

219

227

231

245

Payment plan receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

31

32

-

37

40

38

40

44

49

54

60

68

75

78

84

93

98

103

115

135

155

201

Loans

2,718

2,725

2,722

2,706

2,618

2,582

2,562

2,467

2,071

2,018

1,937

1,811

1,670

1,608

1,607

1,582

1,538

1,515

1,467

1,450

1,422

1,409

1,398

1,377

1,360

1,374

1,379

1,386

1,390

1,419

1,431

1,457

1,534

1,576

1,627

1,675

1,813

Allowance for loan losses

32

26

26

25

25

24

24

23

23

22

21

20

20

20

22

22

22

22

24

24

24

25

27

28

30

32

34

36

40

44

48

51

56

58

58

61

67

Net Loans

2,685

2,698

2,696

2,680

2,593

2,557

2,538

2,443

2,048

1,996

1,915

1,791

1,650

1,588

1,585

1,559

1,516

1,492

1,443

1,425

1,398

1,383

1,371

1,349

1,330

1,342

1,345

1,349

1,350

1,374

1,383

1,406

1,478

1,517

1,568

1,614

1,745

Other real estate and repossessed assets, net

1

1

1

1

1

1

1

1

1

1

2

2

5

5

4

5

6

7

3

4

5

6

9

18

18

18

16

17

23

26

30

29

30

34

34

37

39

Property and equipment, net

37

38

37

37

37

38

39

39

38

39

38

39

39

40

40

41

42

43

43

44

45

45

46

46

47

48

47

47

47

47

47

50

63

62

64

65

68

Bank-owned life insurance

55

55

55

55

55

55

54

54

54

54

54

54

53

54

53

54

54

54

54

54

53

53

53

52

52

52

51

51

51

50

50

50

49

49

49

48

47

Deferred tax assets, net

4

2

2

2

2

5

8

11

13

15

22

25

28

32

32

35

37

39

41

44

46

48

50

52

55

57

58

58

-

0

-

-

-

-

-

-

-

Capitalized mortgage loan servicing rights, carried at fair value

14

19

16

17

19

21

23

21

17

15

14

14

14

-

-

-

-

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized mortgage loan servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

13

11

10

10

12

11

12

11

12

13

12

13

13

13

13

11

11

10

10

11

11

11

14

14

Vehicle service contract counterparty receivables, net

-

-

-

-

-

-

-

-

-

-

-

2

2

-

2

3

3

-

7

7

7

7

6

7

7

7

9

15

18

18

18

28

28

29

40

40

37

Other intangibles

5

5

5

5

6

6

6

7

1

1

1

1

1

1

2

2

2

2

2

2

2

2

2

2

3

3

3

3

3

3

6

7

7

7

7

8

8

Goodwill

28

28

28

28

28

28

28

29

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid FDIC deposit insurance assessment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

8

9

10

11

11

12

13

14

15

Property and equipment held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

8

-

-

-

-

-

OtherAssets

52

42

41

40

43

34

46

32

33

29

40

24

27

28

27

24

25

-

23

21

22

23

26

20

21

22

23

18

19

22

27

16

18

18

27

26

30

Total Assets

3,632

3,564

3,550

3,438

3,383

3,353

3,297

3,234

2,793

2,789

2,753

2,665

2,596

2,548

2,538

2,452

2,487

2,409

2,394

2,288

2,329

2,248

2,239

2,249

2,259

2,209

2,183

2,134

2,105

2,023

2,400

2,403

2,419

2,307

2,317

2,317

2,535

Liabilities and Shareholders' Equity
Deposits
Non-interest bearing

874

852

883

864

858

879

880

871

774

768

753

720

710

717

725

678

671

659

640

617

620

576

562

548

531

518

508

498

504

488

485

471

519

497

505

448

451

Savings and interest-bearing checking

1,229

1,186

1,178

1,158

1,207

1,194

1,217

1,226

1,100

1,064

1,040

1,035

1,062

1,015

1,009

997

1,018

988

987

965

988

943

925

937

958

910

908

898

919

871

853

852

1,093

1,019

-

-

995

Total amount of reciprocal deposits .

464

431

416

326

267

182

92

66

63

50

49

46

41

38

46

49

50

50

47

49

58

53

52

63

77

83

55

46

45

33

-

-

-

28

-

-

-

Time

359

376

374

384

388

385

399

389

377

374

412

410

448

453

425

403

414

387

385

-

-

350

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Savings and NOW

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,010

1,003

-

Retail time

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

328

331

-

342

346

358

358

362

358

366

372

377

392

524

526

527

522

530

Brokered time

155

190

199

244

212

270

208

226

115

141

87

33

-

0

-

-

-

-

-

1

1

-

13

13

13

13

13

13

14

14

48

48

46

13

34

90

273

Total Deposits

3,083

3,036

3,052

2,978

2,934

2,913

2,798

2,780

2,430

2,400

2,343

2,246

2,263

2,225

2,206

2,128

2,154

2,085

2,060

1,961

2,000

1,924

1,895

1,908

1,938

1,884

1,849

1,816

1,850

1,779

1,764

1,765

2,184

2,086

2,078

2,064

2,251

Federal funds purchased

-

-

-

-

-

-

-

-

-

-

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other borrowings

101

88

63

41

25

25

79

40

27

54

72

85

9

9

11

11

11

11

12

12

12

12

26

26

12

17

17

17

17

17

17

17

33

33

35

40

71

Deposits held for sale relating to branch sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

405

417

-

-

-

-

-

Subordinated debentures

39

39

39

39

39

39

39

39

35

35

35

35

35

35

35

35

35

35

35

35

35

35

40

40

40

40

50

50

50

50

50

50

50

50

50

50

50

Other liabilities held for sale

-

-

-

-

-

-

-

-

-

-

0

0

1

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Vehicle service contract counterparty payables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

1

-

1

2

2

1

2

3

3

4

5

6

6

7

8

7

6

6

9

14

11

OtherLiabilities

71

49

54

48

39

35

34

36

31

33

30

35

31

28

32

29

44

24

31

22

24

24

27

28

26

31

34

35

36

33

32

32

39

28

32

32

31

Total Liabilities

3,296

3,214

3,210

3,107

3,038

3,014

2,951

2,897

2,525

2,524

2,485

2,402

2,341

2,299

2,287

2,205

2,247

2,157

2,141

2,034

2,075

1,998

1,992

2,006

2,023

1,978

1,956

1,925

1,961

1,888

2,279

2,290

2,314

2,204

2,206

2,203

2,416

Commitments and contingent liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

0

Shareholders' Equity
Preferred stock, no par value, 200,000 shares authorized; none issued or outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

86

85

84

83

82

80

79

78

77

75

Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 21,892,001 shares at March 31, 2020 and 22,481,643 shares at December 31, 2019

338

352

351

351

374

377

389

389

324

324

324

324

323

323

323

324

324

339

343

349

351

352

352

351

351

351

350

255

253

251

250

249

248

248

248

248

246

Retained earnings

1

1

-8

-16

-23

-28

-34

-42

-48

-54

-53

-57

-61

-65

-69

-74

-79

-82

-86

-89

-94

-96

-98

-102

-107

-110

-115

-125

-187

-192

-203

-208

-211

-214

-204

-199

-189

Accumulated other comprehensive (income) loss for regulatory purposes

-4

-3

-3

-4

-6

-10

-9

-9

-8

-5

-3

-3

-6

-9

-3

-3

-4

-6

-4

-5

-4

-5

-6

-6

-7

-9

-9

-7

-6

-8

-8

-10

-13

-11

-12

-12

-13

Total shareholders' equity

335

350

340

330

344

338

345

337

267

264

267

262

255

248

250

246

239

251

252

254

253

250

247

242

236

231

226

208

144

134

121

113

105

102

110

114

119

Total Liabilities and Shareholders' Equity

362

3,564

3,550

3,438

3,383

3,353

3,297

3,234

2,793

2,789

2,753

2,665

2,596

2,548

2,538

2,452

2,487

2,409

2,394

2,288

2,329

2,248

2,239

2,249

2,259

2,209

2,183

2,134

2,105

2,023

2,400

2,403

2,419

2,307

2,317

2,317

2,535

Commercial [Member]
Loans

1,181

1,166

1,189

1,175

-

1,144

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for loan losses

10

7

8

8

-

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage [Member]
Loans

1,069

1,098

1,070

1,086

-

1,042

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for loan losses

7

8

7

8

-

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Portfolio segment of the company's total financing receivables related to installment financing receivables.
Loans

466

459

463

444

-

395

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for loan losses

1

1

1

1

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-