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v3.25.3

Regulatory Matters (Tables) | 9 Months Ended
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Sep. 30, 2025
Regulatory Matters [Abstract] |
Schedule of 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)
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 610,808 |  |  | 13.66 | % |  | $ | 357,706 |  |  | 8.00 | % |  | NA |  | NA
Independent Bank | 561,840 |  |  | 12.58 |  |  | 357,199 |  |  | 8.00 |  |  | $ | 446,499 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 554,774 |  |  | 12.41 | % |  | $ | 268,280 |  |  | 6.00 | % |  | NA |  | NA
Independent Bank | 505,884 |  |  | 11.33 |  |  | 267,899 |  |  | 6.00 |  |  | $ | 357,199 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 516,151 |  |  | 11.54 | % |  | $ | 201,210 |  |  | 4.50 | % |  | NA |  | NA
Independent Bank | 505,884 |  |  | 11.33 |  |  | 200,925 |  |  | 4.50 |  |  | $ | 290,224 |  |  | 6.50 | %
Tier 1 capital to average assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 554,774 |  |  | 10.07 | % |  | $ | 220,377 |  |  | 4.00 | % |  | NA |  | NA
Independent Bank | 505,884 |  |  | 9.19 |  |  | 220,083 |  |  | 4.00 |  |  | $ | 275,104 |  |  | 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 September 30, 2025 and December 31, 2024.
NA - Not applicable
Schedule of Regulatory Capital | The components of our regulatory capital are as follows:
| Consolidated |  | Independent Bank
| September 30, 2025 |  | December 31, 2024 |  | September 30, 2025 |  | December 31, 2024
| (In thousands)
Total shareholders' equity | $ | 490,742 |  |  | $ | 454,686 |  |  | $ | 480,475 |  |  | $ | 478,188 |
Add (deduct) |  |  |  |  |  |  |
Accumulated other comprehensive loss for regulatory purposes | 54,832 |  |  | 64,146 |  |  | 54,832 |  |  | 64,146 |
Goodwill and other intangibles | (29,423) |  |  | (29,788) |  |  | (29,423) |  |  | (29,788) |
Common equity tier 1 capital | 516,151 |  |  | 489,044 |  |  | 505,884 |  |  | 512,546 |
Qualifying trust preferred securities | 38,623 |  |  | 38,572 |  |  | — |  |  | — |
Tier 1 capital | 554,774 |  |  | 527,616 |  |  | 505,884 |  |  | 512,546 |
Subordinated debt | — |  |  | 40,000 |  |  | — |  |  | — |
Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets | 56,034 |  |  | 54,828 |  |  | 55,956 |  |  | 54,708 |
Total risk-based capital | $ | 610,808 |  |  | $ | 622,444 |  |  | $ | 561,840 |  |  | $ | 567,254 |

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