Independent Bank
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
$5.7BAssets
$4.4BLoans
$4.9BDeposits
$515.9MEquity
Executive Summary
- Strongest standing: return on equity outperforms 73% of banks $1B-$10B in assets operating in a single state (rank 70 of 258).
- Widest gap: nonperforming loans / loans trails 78% of banks $1B-$10B in assets operating in a single state (rank 202 of 258).
- Overall: at or above the peer median on 2 of 9 directional measures.
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
Non-interest income vs. expense
Unfavorable gap of $99.3M · efficiency ratio beats 43% of banks $1B-$10B in assets operating in a single state | Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 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 |