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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:
 ActualFor Capital
Adequacy Purposes
To Be Well Capitalized
Under Prompt
Corrective Action
Provisions
 AmountRatioAmount RatioAmount 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/AN/A
Common equity tier 1 capital (to risk weighted assets)$2,057,099 14.33 %$645,935 4.5 %N/AN/A
Tier 1 capital (to risk weighted assets)$2,057,099 14.33 %$861,246 6.0 %N/AN/A
Tier 1 capital (to average assets) leverage$2,057,099 10.99 %$748,775 4.0 %N/AN/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/AN/A
Common equity tier 1 capital (to risk weighted assets)$2,017,497 14.30 %$635,006 4.5 %N/AN/A
Tier 1 capital (to risk weighted assets)$2,017,497 14.30 %$846,675 6.0 %N/AN/A
Tier 1 capital (to average assets)$2,017,497 12.03 %$670,659 4.0 %N/AN/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 %