XML 69 R47.htm IDEA: XBRL DOCUMENT
v3.22.4

REGULATORY CAPITAL REQUIREMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
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, 2022 and 2021 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, 2022
| (Dollars in thousands)
Independent Bank Corp. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) | $ | 2,311,824 |  |  | 16.11 | % |  | $ | 1,148,328 |  |  | ≥ |  | 8.0 | % |  | N/A |  |  |  | N/A
Common equity tier 1 capital (to risk weighted assets) | $ | 2,057,099 |  |  | 14.33 | % |  | $ | 645,935 |  |  | ≥ |  | 4.5 | % |  | N/A |  |  |  | N/A
Tier 1 capital (to risk weighted assets) | $ | 2,057,099 |  |  | 14.33 | % |  | $ | 861,246 |  |  | ≥ |  | 6.0 | % |  | N/A |  |  |  | N/A
Tier 1 capital (to average assets) leverage | $ | 2,057,099 |  |  | 10.99 | % |  | $ | 748,775 |  |  | ≥ |  | 4.0 | % |  | N/A |  |  |  | N/A
Rockland Trust Company |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) | $ | 2,162,752 |  |  | 15.07 | % |  | $ | 1,148,329 |  |  | ≥ |  | 8.0 | % |  | $ | 1,435,411 |  |  | ≥ |  | 10.0 | %
Common equity tier 1 capital (to risk weighted assets) | $ | 2,018,912 |  |  | 14.07 | % |  | $ | 645,935 |  |  | ≥ |  | 4.5 | % |  | $ | 933,017 |  |  | ≥ |  | 6.5 | %
Tier 1 capital (to risk weighted assets) | $ | 2,018,912 |  |  | 14.07 | % |  | $ | 861,247 |  |  | ≥ |  | 6.0 | % |  | $ | 1,148,329 |  |  | ≥ |  | 8.0 | %
Tier 1 capital (to average assets) leverage | $ | 2,018,912 |  |  | 10.78 | % |  | $ | 748,828 |  |  | ≥ |  | 4.0 | % |  | $ | 936,036 |  |  | ≥ |  | 5.0 | %
| 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) | $ | 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) | $ | 1,949,237 |  |  | 11.62 | % |  | $ | 670,827 |  |  | ≥ |  | 4.0 | % |  | $ | 838,534 |  |  | ≥ |  | 5.0 | %

X
- References No definition available. + Details
Name: | us-gaap_RegulatedOperationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://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 https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 + Details
Name: | us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration