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	229.77	219.89	224.33	352.93	2,241
Investment Securities	2,568	1,089	1,309	1,338	1,309
Trading Asset Securities	-	57.29	55.7	70.17	92.19
Mortgage-Backed Securities	1,279	1,618	1,617	1,787	1,352
Total Investments	3,847	2,764	2,982	3,196	2,753
Gross Loans	18,504	14,508	14,278	13,929	13,587
Allowance for Loan Losses	-189.88	-169.98	-142.22	-152.42	-146.92
Net Loans	18,314	14,338	14,136	13,776	13,440
Property, Plant & Equipment	218.19	247.82	247.15	255.4	255.79
Goodwill	1,091	985.07	985.07	985.07	985.07
Other Intangible Assets	133.58	12.28	18.19	25.07	32.77
Loans Held for Sale	35.91	7.27	6.37	2.8	24.68
Accrued Interest Receivable	-	6.7	7.7	8	5
Other Receivables	-	5.97	5.51	5.26	5.39
Other Current Assets	4.72	4.25	4.99	3.89	3.72
Other Real Estate Owned & Foreclosed	2.1	-	0.11	-	-
Other Long-Term Assets	1,015	749.95	686.99	678.7	665.21
Total Assets	24,913	19,374	19,347	19,294	20,423
Interest Bearing Deposits	14,526	10,915	10,298	10,437	11,438
Non-Interest Bearing Deposits	5,601	4,391	4,567	5,442	5,480
Total Deposits	20,127	15,306	14,866	15,879	16,917
Short-Term Borrowings	49.95	740.68	1,214	146.67	94.25
Current Portion of Long-Term Debt	-	-	-	-	14.06
Current Portion of Leases	-	13.9	-	-	-
Long-Term Debt	296.48	-	49.98	49.89	49.79
Federal Home Loan Bank Debt, Long-Term	416.55	0.51	0.54	0.64	0.67
Long-Term Leases	-	42.63	-	-	-
Trust Preferred Securities	62.86	62.86	62.86	62.86	62.85
Other Long-Term Liabilities	394.53	213.89	259.69	268.42	266.29
Total Liabilities	21,347	16,380	16,452	16,407	17,405
Common Stock	0.49	0.42	0.43	0.46	0.47
Additional Paid-In Capital	2,336	1,910	1,932	2,115	2,249
Retained Earnings	1,269	1,173	1,077	934.44	766.72
Comprehensive Income & Other	-39.75	-90.01	-114.83	-163.08	2.18
Shareholders' Equity	3,566	2,993	2,895	2,887	3,018
Total Liabilities & Equity	24,913	19,374	19,347	19,294	20,423
Total Debt	825.85	860.58	1,327	260.04	221.62
Net Cash (Debt)	-53.95	-583.4	-1,047	163.06	2,111
Net Cash Growth	-	-	-	-92.28%	78.16%
Net Cash Per Share	-1.17	-13.72	-23.69	3.52	60.51
Filing Date Shares Outstanding	49.24	42.61	42.45	45.06	47.4
Total Common Shares Outstanding	49.24	42.5	42.87	45.64	47.35
Book Value Per Share	72.41	70.43	67.53	63.25	63.75
Tangible Book Value	2,342	1,996	1,892	1,877	2,001
Tangible Book Value Per Share	47.55	46.96	44.13	41.12	42.25

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q