Independent Bank Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	138.39	119.88	169.78	74.37	109.47
Securities and Investments	823.53	914.72	1,050	1,172	1,431
Other Earning Assets	9.03	7.64	12.06	46.89	90.28
Gross Loans	4,276	4,039	3,791	3,465	2,905
Allowance for Loan Losses	-63.45	-59.38	-54.66	-52.44	-47.25
Net Loans	4,213	3,979	3,736	3,413	2,858
Net Property, Plant & Equipment	38.97	37.49	35.52	35.89	36.4
Accrued Interest and Accounts Receivable	167.52	147.55	132.5	128.9	66.14
Other Intangible Assets	32.49	48.28	44.25	45.04	29.57
Goodwill	28.3	28.3	28.3	28.3	28.3
Long-Term Investments	53.75	53.86	54.34	55.2	55.28
Other Non-Earning Assets	0.9	0.94	0.57	0.46	0.25
Total Assets	5,506	5,338	5,264	5,000	4,705
Interest-bearing deposits	3,770	3,640	3,547	3,109	2,795
Noninterest-bearing deposits	991.98	1,014	1,076	1,270	1,322
Total Deposits	4,762	4,654	4,623	4,379	4,117
Short-Term Interbank Borrowing and Repurchase Agreements	77	45.01	50.03	86.01	30.01
Accrued Expenses	124.22	104.94	107.13	108.02	80.21
Long-Term Debt	39.86	79.38	39.51	79.09	78.95
Total Liabilities	5,003	4,883	4,859	4,652	4,306
Common Stock	307.85	318.78	317.48	320.99	323.4
Accumulated Other Comprehensive Income	-57.69	-69.94	-72.14	-92.76	0.5
Retained Earnings	252.79	205.85	159.11	119.37	74.58
Shareholders' Equity	502.95	454.69	404.45	347.6	398.48
Total Liabilities & Equity	5,506	5,338	5,264	5,000	4,705
Total Debt	39.86	79.38	39.51	79.09	78.95
Net Cash (Debt)	-39.86	-79.38	-39.51	-79.09	-78.95
Net Cash Per Share	-1.90	-3.76	-1.87	-3.71	-3.62
Book Value	502.95	454.69	404.45	347.6	398.48
Book Value Per Share	23.99	21.54	19.10	16.32	18.27
Tangible Book Value	442.16	378.1	331.9	274.26	340.62
Tangible Book Value Per Share	21.09	17.91	15.68	12.88	15.62

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q