Grand Rapids, MI · Cert 27811 · Independent Bank Corp.
State charter, Fed member · FED · 59 branches
Q2 2026
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
Banks $1B-$10B in assets operating in a single state (n=257 to 258). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
28
Asset Quality
30
Profitability
60
Liquidity
80
Efficiency
43
Growth
No peer data yet
Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.
Grand Rapids, MI · Cert 27811 · Independent Bank Corp.
State charter, Fed member · FED · 59 branches
Q2 2026
Market Position · Grand Rapids-Wyoming-Kentwood, MI · 2026 SOD (annual) · 3.8% share · #7 of 28 inst. · $1.3B of $34.4B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.30% | 1.34% | 1.23% | 1.28% | 1.31% | 1.33% | 1.27% | 1.34% | +7 bps | |
| Return on Equity | 15.14% | 15.46% | 13.54% | 14.06% | 14.57% | 14.81% | 14.21% | 14.92% | +86 bps | |
| Net Interest Margin | 3.17% | 3.19% | 3.30% | 3.37% | 3.34% | 3.37% | 3.43% | 3.47% | +10 bps | |
| Efficiency Ratio | 60.64% | 59.85% | 60.96% | 60.16% | 59.21% | 59.63% | 63.71% | 61.54% | +137 bps | |
| Non-Interest Burden | 1.58% | 1.51% | 1.71% | 1.70% | 1.64% | 1.67% | 1.87% | 1.78% | +7 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 1.12% | 1.31% | 1.80% | 2.62% | 4.43% | 3.21% | 4.32% | 4.53% | +191 bps | |
| Loan Growth (YoY) | 5.35% | 6.42% | 6.06% | 7.99% | 6.40% | 5.89% | 6.02% | 6.08% | -191 bps | |
| Deposit Growth (YoY) | 0.93% | 0.70% | 1.19% | 1.02% | 4.85% | 2.16% | 5.09% | 4.15% | +313 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.18% | 0.19% | 0.22% | 0.25% | 0.54% | 0.77% | 0.87% | 0.99% | +74 bps | |
| Net Charge-Offs / Loans | 0.02% | 0.02% | 0.01% | 0.02% | 0.04% | 0.04% | 0.02% | 0.03% | +1 bps | |
| Allowance / Loans | 1.45% | 1.47% | 1.47% | 1.46% | 1.48% | 1.48% | 1.47% | 1.48% | +2 bps | |
| Allowance Coverage of NPLs | 7.9x | 7.6x | 6.7x | 5.9x | 2.8x | 1.9x | 1.7x | 1.5x | -4.3x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.36% | 9.58% | 9.56% | 9.79% | 9.19% | 9.36% | 9.43% | 9.67% | -12 bps | |
| Total Risk-Based Capital | 13.00% | 12.99% | 13.19% | 13.15% | 12.58% | 12.49% | 12.68% | 12.70% | -45 bps | |
| Equity / Assets | 9.07% | 8.97% | 9.16% | 9.10% | 8.76% | 8.93% | 8.96% | 9.12% | +2 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 84.38% | 85.86% | 86.84% | 88.30% | 85.63% | 89.00% | 87.61% | 89.93% | +163 bps | |
| Liquid Assets / Assets | 7.68% | 7.55% | 7.60% | 7.42% | 8.64% | 7.20% | 7.70% | 6.88% | -54 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 312% | 320% | 317% | n/a | n/a | |
Grand Rapids, MI · Cert 27811 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Independent Bank Corp.
State charter, Fed member · FED · 59 branches
Q2 2026
Return on Assets
1.32%
Rank 105 of 258
Net Interest Margin
3.47%
Rank 134 of 258
Efficiency Ratio
61.72%
Rank 147 of 257
Equity / Assets
9.12%
Rank 192 of 258
| Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | 1.32% | 0.93% | 1.23% | 1.54% | Beats 59% | 105 / 258 | ||
| Return on Equity | 14.51% | 9.26% | 11.84% | 14.74% | Beats 73% | 70 / 258 | ||
| Net Interest Margin | 3.47% | 3.16% | 3.49% | 3.88% | Beats 48% | 134 / 258 | ||
| Efficiency Ratio | 61.72% | 51.71% | 60.30% | 69.65% | Beats 43% | 147 / 257 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 0.99% | 0.19% | 0.46% | 0.90% | Beats 22% | 202 / 258 | ||
| Net Charge-Offs / Loans | 0.04% | 0.01% | 0.02% | 0.07% | Beats 37% | 164 / 258 | ||
| Capital | ||||||||
| Tier 1 Capital Ratio | 11.45% | 11.41% | 12.98% | 15.12% | Beats 26% | 192 / 258 | ||
| Total Risk-Based Capital Ratio | 12.70% | 12.10% | 13.91% | 16.08% | Beats 33% | 172 / 258 | ||
| Equity / Assets | 9.12% | 9.09% | 10.24% | 11.72% | Beats 26% | 192 / 258 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 89.93% | 73.24% | 86.34% | 95.95% | 59th pctl | 105 / 258 | ||
| Loans / Assets | 78.37% | 63.01% | 72.27% | 78.40% | 74th pctl | 67 / 258 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||