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Independent Bank
Grand Rapids, MI · FDIC Certificate #27811 · Chartered 01/0
Total assets
$5.66B
Total deposits
$4.93B
Total equity
$515.93M
Net loans
$4.37B
Branches (offices)
59
Net income (YTD)
$37.42M
Rank: #259 of 4,213 U.S. banks by assets · #4 of 72 in Michigan. Assets changed 4.5% and deposits 4.2% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.34% |
| Return on equity | 14.92% |
| Net interest margin (YTD) | 3.72% |
| Equity to assets | 9.12% |
| Tier 1 leverage ratio | 9.67% |
| Uninsured deposits (share of deposits) | 24.4% |
| Noncurrent loans (share of loans) | 0.99% |
| Net charge-offs (share of loans) | 0.03% |
| Loans to deposits | 88.6% |
| Real estate loans (share of loans) | 74.7% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $3.26B | 74.7% | |
| Commercial & industrial | $646.46M | 14.8% | |
| Consumer / individual | $516.41M | 11.8% | |
| Construction & development | $249.38M | 5.7% | |
| Agricultural | $149.00K | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $4.82B | $4.36B | $32.41M | $357.46M |
| Jun 2023 | $5.13B | $4.56B | $29.97M | $400.64M |
| Jun 2024 | $5.27B | $4.68B | $36.50M | $455.72M |
| Jun 2025 | $5.41B | $4.73B | $34.17M | $492.42M |
| Jun 2026 | $5.66B | $4.93B | $37.42M | $515.93M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Michigan | $4.93B | 59 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $4.93B.
Similar-sized banks
Emigrant Bank ($5.68B) · Firstrust Savings Bank ($5.62B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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