XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.25.2

Regulatory Matters (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Regulatory Matters [Abstract] |
Capital Amounts and Ratios | Our actual capital amounts and ratios follow (1):
| Actual |  | Minimum for Adequately Capitalized Institutions |  | Minimum for Well-Capitalized Institutions
| Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
| (Dollars in thousands)
June 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 629,972 |  |  | 14.20 | % |  | $ | 354,803 |  |  | 8.00 | % |  | NA |  | NA
Independent Bank | 582,441 |  |  | 13.15 |  |  | 354,204 |  |  | 8.00 |  |  | $ | 442,755 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 542,401 |  |  | 12.23 | % |  | $ | 266,102 |  |  | 6.00 | % |  | NA |  | NA
Independent Bank | 526,962 |  |  | 11.90 |  |  | 265,653 |  |  | 6.00 |  |  | $ | 354,204 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 503,795 |  |  | 11.36 | % |  | $ | 199,577 |  |  | 4.50 | % |  | NA |  | NA
Independent Bank | 526,962 |  |  | 11.90 |  |  | 199,240 |  |  | 4.50 |  |  | $ | 287,790 |  |  | 6.50 | %
Tier 1 capital to average assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 542,401 |  |  | 10.07 | % |  | $ | 215,510 |  |  | 4.00 | % |  | NA |  | NA
Independent Bank | 526,962 |  |  | 9.79 |  |  | 215,217 |  |  | 4.00 |  |  | $ | 269,022 |  |  | 5.00 | %
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 622,444 |  |  | 14.22 | % |  | $ | 350,113 |  |  | 8.00 | % |  | NA |  | NA
Independent Bank | 567,254 |  |  | 12.99 |  |  | 349,335 |  |  | 8.00 |  |  | $ | 436,668 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 527,616 |  |  | 12.06 | % |  | $ | 262,585 |  |  | 6.00 | % |  | NA |  | NA
Independent Bank | 512,546 |  |  | 11.74 |  |  | 262,001 |  |  | 6.00 |  |  | $ | 349,335 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 489,044 |  |  | 11.17 | % |  | $ | 196,939 |  |  | 4.50 | % |  | NA |  | NA
Independent Bank | 512,546 |  |  | 11.74 |  |  | 196,501 |  |  | 4.50 |  |  | $ | 283,834 |  |  | 6.50 | %
Tier 1 capital to average assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 527,616 |  |  | 9.85 | % |  | $ | 214,332 |  |  | 4.00 | % |  | NA |  | NA
Independent Bank | 512,546 |  |  | 9.58 |  |  | 214,112 |  |  | 4.00 |  |  | $ | 267,640 |  |  | 5.00 | %
_______________________________________
(1) | These ratios do not reflect a capital conservation buffer of 2.50% at June 30, 2025 and December 31, 2024.
NA - Not applicable
Regulatory Capital | The components of our regulatory capital are as follows:
| Consolidated |  | Independent Bank
| June 30, 2025 |  | December 31, 2024 |  | June 30, 2025 |  | December 31, 2024
| (In thousands)
Total shareholders' equity | $ | 469,250 |  |  | $ | 454,686 |  |  | $ | 492,417 |  |  | $ | 478,188 |
Add (deduct) |  |  |  |  |  |  |
Accumulated other comprehensive loss for regulatory purposes | 64,089 |  |  | 64,146 |  |  | 64,089 |  |  | 64,146 |
Goodwill and other intangibles | (29,544) |  |  | (29,788) |  |  | (29,544) |  |  | (29,788) |
Common equity tier 1 capital | 503,795 |  |  | 489,044 |  |  | 526,962 |  |  | 512,546 |
Qualifying trust preferred securities | 38,606 |  |  | 38,572 |  |  | — |  |  | — |
Tier 1 capital | 542,401 |  |  | 527,616 |  |  | 526,962 |  |  | 512,546 |
Subordinated debt | 32,000 |  |  | 40,000 |  |  | — |  |  | — |
Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets | 55,571 |  |  | 54,828 |  |  | 55,479 |  |  | 54,708 |
Total risk-based capital | $ | 629,972 |  |  | $ | 622,444 |  |  | $ | 582,441 |  |  | $ | 567,254 |

X
- Definition Tabular disclosure of components of regulatory capital. + References No definition available. + Details
Name: | ibcp_ComponentsOfRegulatoryCapitalTableTextBlock
Namespace Prefix: | ibcp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Regulatory Matters [Abstract] + References No definition available. + Details
Name: | ibcp_RegulatoryMattersAbstract
Namespace Prefix: | ibcp_
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 -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
Name: | us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration