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REGULATORY CAPITAL REQUIREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2021
Regulated Operations [Abstract] |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations | The Company’s and the Bank’s actual capital amounts and ratios as of December 31, 2021 and 2020 are also presented in the table that follows:
| Actual |  | For Capital Adequacy Purposes |  | To Be Well Capitalized Under Prompt Corrective Action Provisions
| Amount |  | Ratio |  | Amount |  |  |  | Ratio |  | Amount |  |  |  | Ratio
| December 31, 2021
| (Dollars in thousands)
Independent Bank Corp. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) | $ | 2,262,740 |  |  | 16.04 | % |  | $ | 1,128,900 |  |  | ≥ |  | 8.0 | % |  | N/A |  |  |  | N/A
Common equity tier 1 capital (to risk weighted assets) | $ | 2,017,497 |  |  | 14.30 | % |  | $ | 635,006 |  |  | ≥ |  | 4.5 | % |  | N/A |  |  |  | N/A
Tier 1 capital (to risk weighted assets) | $ | 2,017,497 |  |  | 14.30 | % |  | $ | 846,675 |  |  | ≥ |  | 6.0 | % |  | N/A |  |  |  | N/A
Tier 1 capital (to average assets) leverage | $ | 2,017,497 |  |  | 12.03 | % |  | $ | 670,659 |  |  | ≥ |  | 4.0 | % |  | N/A |  |  |  | N/A
Rockland Trust Company |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) | $ | 2,083,689 |  |  | 14.77 | % |  | $ | 1,128,536 |  |  | ≥ |  | 8.0 | % |  | $ | 1,410,670 |  |  | ≥ |  | 10.0 | %
Common equity tier 1 capital (to risk weighted assets) | $ | 1,949,237 |  |  | 13.82 | % |  | $ | 634,801 |  |  | ≥ |  | 4.5 | % |  | $ | 916,935 |  |  | ≥ |  | 6.5 | %
Tier 1 capital (to risk weighted assets) | $ | 1,949,237 |  |  | 13.82 | % |  | $ | 846,402 |  |  | ≥ |  | 6.0 | % |  | $ | 1,128,536 |  |  | ≥ |  | 8.0 | %
Tier 1 capital (to average assets) leverage | $ | 1,949,237 |  |  | 11.62 | % |  | $ | 670,827 |  |  | ≥ |  | 4.0 | % |  | $ | 838,534 |  |  | ≥ |  | 5.0 | %
| December 31, 2020
| (Dollars in thousands)
Independent Bank Corp. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) | $ | 1,374,349 |  |  | 15.13 | % |  | $ | 726,482 |  |  | ≥ |  | 8.0 | % |  | N/A |  |  |  | N/A
Common equity tier 1 capital (to risk weighted assets) | $ | 1,150,177 |  |  | 12.67 | % |  | $ | 408,646 |  |  | ≥ |  | 4.5 | % |  | N/A |  |  |  | N/A
Tier 1 capital (to risk weighted assets) | $ | 1,211,177 |  |  | 13.34 | % |  | $ | 544,861 |  |  | ≥ |  | 6.0 | % |  | N/A |  |  |  | N/A
Tier 1 capital (to average assets) | $ | 1,211,177 |  |  | 9.56 | % |  | $ | 506,805 |  |  | ≥ |  | 4.0 | % |  | N/A |  |  |  | N/A
Rockland Trust Company |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) | $ | 1,320,056 |  |  | 14.54 | % |  | $ | 726,313 |  |  | ≥ |  | 8.0 | % |  | $ | 907,892 |  |  | ≥ |  | 10.0 | %
Common equity tier 1 capital (to risk weighted assets) | $ | 1,206,566 |  |  | 13.29 | % |  | $ | 408,551 |  |  | ≥ |  | 4.5 | % |  | $ | 590,130 |  |  | ≥ |  | 6.5 | %
Tier 1 capital (to risk weighted assets) | $ | 1,206,566 |  |  | 13.29 | % |  | $ | 544,735 |  |  | ≥ |  | 6.0 | % |  | $ | 726,313 |  |  | ≥ |  | 8.0 | %
Tier 1 capital (to average assets) | $ | 1,206,566 |  |  | 9.54 | % |  | $ | 505,747 |  |  | ≥ |  | 4.0 | % |  | $ | 632,184 |  |  | ≥ |  | 5.0 | %

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- Definition Tabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958570-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 + Details
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