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REGULATORY CAPITAL REQUIREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2024 and 2023 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, 2024
| (Dollars in thousands)
Independent Bank Corp. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) | $ | 2,299,003 |  |  | 16.04 | % |  | $ | 1,146,816 |  |  | ≥ |  | 8.0 | % |  | N/A |  |  |  | N/A
Common equity tier 1 capital (to risk weighted assets) | $ | 2,100,158 |  |  | 14.65 | % |  | $ | 645,084 |  |  | ≥ |  | 4.5 | % |  | N/A |  |  |  | N/A
Tier 1 capital (to risk weighted assets) | $ | 2,100,158 |  |  | 14.65 | % |  | $ | 860,112 |  |  | ≥ |  | 6.0 | % |  | N/A |  |  |  | N/A
Tier 1 capital (to average assets) leverage | $ | 2,100,158 |  |  | 11.32 | % |  | $ | 741,953 |  |  | ≥ |  | 4.0 | % |  | N/A |  |  |  | N/A
Rockland Trust Company |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) | $ | 2,210,775 |  |  | 15.43 | % |  | $ | 1,146,528 |  |  | ≥ |  | 8.0 | % |  | $ | 1,433,159 |  |  | ≥ |  | 10.0 | %
Common equity tier 1 capital (to risk weighted assets) | $ | 2,072,930 |  |  | 14.46 | % |  | $ | 644,922 |  |  | ≥ |  | 4.5 | % |  | $ | 931,554 |  |  | ≥ |  | 6.5 | %
Tier 1 capital (to risk weighted assets) | $ | 2,072,930 |  |  | 14.46 | % |  | $ | 859,896 |  |  | ≥ |  | 6.0 | % |  | $ | 1,146,528 |  |  | ≥ |  | 8.0 | %
Tier 1 capital (to average assets) leverage | $ | 2,072,930 |  |  | 11.18 | % |  | $ | 741,843 |  |  | ≥ |  | 4.0 | % |  | $ | 927,303 |  |  | ≥ |  | 5.0 | %
| December 31, 2023
| (Dollars in thousands)
Independent Bank Corp. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) | $ | 2,268,863 |  |  | 15.91 | % |  | $ | 1,140,554 |  |  | ≥ |  | 8.0 | % |  | N/A |  |  |  | N/A
Common equity tier 1 capital (to risk weighted assets) | $ | 2,022,873 |  |  | 14.19 | % |  | $ | 641,562 |  |  | ≥ |  | 4.5 | % |  | N/A |  |  |  | N/A
Tier 1 capital (to risk weighted assets) | $ | 2,022,873 |  |  | 14.19 | % |  | $ | 855,416 |  |  | ≥ |  | 6.0 | % |  | N/A |  |  |  | N/A
Tier 1 capital (to average assets) | $ | 2,022,873 |  |  | 10.96 | % |  | $ | 737,984 |  |  | ≥ |  | 4.0 | % |  | N/A |  |  |  | N/A
Rockland Trust Company |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) | $ | 2,183,436 |  |  | 15.32 | % |  | $ | 1,140,550 |  |  | ≥ |  | 8.0 | % |  | $ | 1,425,687 |  |  | ≥ |  | 10.0 | %
Common equity tier 1 capital (to risk weighted assets) | $ | 2,048,426 |  |  | 14.37 | % |  | $ | 641,559 |  |  | ≥ |  | 4.5 | % |  | $ | 926,696 |  |  | ≥ |  | 6.5 | %
Tier 1 capital (to risk weighted assets) | $ | 2,048,426 |  |  | 14.37 | % |  | $ | 855,412 |  |  | ≥ |  | 6.0 | % |  | $ | 1,140,550 |  |  | ≥ |  | 8.0 | %
Tier 1 capital (to average assets) | $ | 2,048,426 |  |  | 11.10 | % |  | $ | 738,055 |  |  | ≥ |  | 4.0 | % |  | $ | 922,568 |  |  | ≥ |  | 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 -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1B + Details
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