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Independent Bank

Headquarters ,
Main Phone (616) 447-0900
FDIC Certificate # 27811
FFIEC # 636771
Total Assets $5,227,008,000
Reporting Date Q1 2024
Last updated Mar 2024

Locations

Independent Bank REO

Independent Bank's REO Report

Independent Bank's bank owned homes total $1.02 M 27.3% from the previous quarter. Independent Bank foreclosures include $0 commercial REO, $0 multifamily REO, $0 farmland and agricultrual REO, and $0 in construction loan REOs. To get a Independent Bank foreclosures list you must contact an REO asset manager at the REO department. Use the button on the right to find workout officers, asset managers, and other contacts at Independent Bank BankProspector helps you easily find the special assets and REO department contacts or any other Independent Bank decision maker.

Independent Bank Portfolio Info

Subscribers have access to the portfolio info for Independent Bank and any other Banks in Michigan.

Our members use BankProspector to find and qualify banks and bank contacts with distressed assets. BankProspector is the fastest easiest way to source your own bank direct deals. Find the Asset Managers at Independent Bank as Well as Other Bank Contacts Subscribers use BankProspector to find contacts including executives and officers in departments like special assets or workout departments.

Independent Bank FDIC Call Report

All of the portfolio and financial information in our reports is pulled directly from FDIC. We take updates from the federal reporting database for all US banks.

Independent Bank's Capital
Loan Loss Provisions
$1.87 M
ALLL
$56.31 M
Tier 1 Leverage Ratio
  9.05%
Tier 1 Risk Based Capital
  11.37%
Total Risk Based Capital
  12.62%
Independent Bank's Note Sale Indicators
30-89 DAYS
$0
90+ DAYS
$0
Nonaccrual
$0
Nonaccrual Loans Sold
$0

Independent Bank's Late and Non-Performing Loan Portfolios

Residential 1st Position Loans

Portfolio $1,268,901,000
30-89
$2,930,000
90+
$0
Nonaccrual
$4,079,000
Charge-offs
$177,000
NPLs to Loans 0.32%

Residential Junior Position Loans

Portfolio $30,270,000
30-89
$137,000
90+
$0
Nonaccrual
$66,000
Charge-offs
$0
NPLs to Loans 0.22%

HELOCs

Portfolio $128,560,000
30-89
$730,000
90+
$0
Nonaccrual
$475,000
Charge-offs
$22,000
NPLs to Loans 0.37%

Commercial Real Estate Loans
(Non Owner-Occupied)

Portfolio $506,638,000
30-89
$0
90+
$0
Nonaccrual
$0
Charge-offs
$0
NPLs to Loans 0%

Commercial Real Estate Loans (Owner-Occupied)

Portfolio $473,515,000
30-89
$2,115,000
90+
$0
Nonaccrual
$0
Charge-offs
$0
NPLs to Loans 0%

Multifamily and Apartment Loans

Portfolio $65,997,000
30-89
$0
90+
$0
Nonaccrual
$0
Charge-offs
$0
NPLs to Loans 0%

Residential Construction Loans

Portfolio $109,211,000
30-89
$0
90+
$0
Nonaccrual
$0
Charge-offs
$0
NPLs to Loans 0%

Commercial and Development Construction Loans

Portfolio $157,539,000
30-89
$0
90+
$0
Nonaccrual
$0
Charge-offs
$0
NPLs to Loans 0%

Farmland Loans

Portfolio $3,331,000
30-89
$0
90+
$0
Nonaccrual
$0
Charge-offs
$0
NPLs to Loans 0%

Business Loans (C&I)

Portfolio $485,304,000
30-89
$0
90+
$0
Nonaccrual
$25,000
Charge-offs
$0
NPLs to Loans 0.01%

Non Performing Auto Loans

Portfolio $36,708,000
30-89
$80,000
90+
$0
Nonaccrual
$11,000
Charge-offs
$21,000
NPLs to Loans 0.03%

Independent Bank Foreclosures and Non-Performing Loans

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