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 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 1.28% | 1.31% | 1.33% | 1.27% | 1.34% | +7 bps | |
| Return on Equity | 14.06% | 14.57% | 14.81% | 14.21% | 14.92% | +86 bps | |
| Net Interest Margin | 3.37% | 3.34% | 3.37% | 3.43% | 3.47% | +10 bps | |
| Efficiency Ratio | 60.16% | 59.21% | 59.63% | 63.71% | 61.54% | +137 bps | |
| Non-Interest Burden | 1.70% | 1.64% | 1.67% | 1.87% | 1.78% | +7 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 2.62% | 4.43% | 3.21% | 4.32% | 4.53% | +191 bps | |
| Loan Growth (YoY) | 7.99% | 6.40% | 5.89% | 6.02% | 6.08% | -191 bps | |
| Deposit Growth (YoY) | 1.02% | 4.85% | 2.16% | 5.09% | 4.15% | +313 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.25% | 0.54% | 0.77% | 0.87% | 0.99% | +74 bps | |
| Net Charge-Offs / Loans | 0.02% | 0.04% | 0.04% | 0.02% | 0.03% | +1 bps | |
| Allowance / Loans | 1.46% | 1.48% | 1.48% | 1.47% | 1.48% | +2 bps | |
| Allowance Coverage of NPLs | 5.9x | 2.8x | 1.9x | 1.7x | 1.5x | -4.3x | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 9.79% | 9.19% | 9.36% | 9.43% | 9.67% | -12 bps | |
| Total Risk-Based Capital | 13.15% | 12.58% | 12.49% | 12.68% | 12.70% | -45 bps | |
| Equity / Assets | 9.10% | 8.76% | 8.93% | 8.96% | 9.12% | +2 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 88.30% | 85.63% | 89.00% | 87.61% | 89.93% | +163 bps | |
| Liquid Assets / Assets | 7.42% | 8.64% | 7.20% | 7.70% | 6.88% | -54 bps | |
| CRE / Total Capital | n/a | 312% | 320% | 317% | n/a | n/a | |