Call reports 2025
INDEPENDENT BANK — 2025
What INDEPENDENT BANK reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 1,565,973,000 | 1,794,969,000 | 1,728,890,000 | 1,755,074,000 |
| Total loans | 1,235,277,000 | 1,286,481,000 | 1,304,237,000 | 1,309,811,000 |
| Allowance for loan losses | 14,479,000 | 14,479,000 | 14,090,000 | 13,889,000 |
| Securities available for sale | 292,000 | 278,000 | 270,000 | 257,000 |
| Securities held to maturity | 7,286,000 | 6,931,000 | 6,584,000 | 5,948,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,321,617,000 | 1,547,347,000 | 1,448,584,000 | 1,472,780,000 |
| Interest-bearing deposits | 1,118,348,000 | 1,358,725,000 | 1,258,794,000 | 1,275,632,000 |
| Noninterest-bearing deposits | 203,269,000 | 188,622,000 | 189,790,000 | 197,148,000 |
| Equity capital | 175,022,000 | 186,595,000 | 187,133,000 | 192,776,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 24,286,000 | 50,554,000 | 77,905,000 | 104,864,000 |
| Interest expense | 10,069,000 | 21,160,000 | 33,099,000 | 44,412,000 |
| Net interest income | 14,217,000 | 29,394,000 | 44,806,000 | 60,452,000 |
| Noninterest income | 5,107,000 | 11,036,000 | 19,699,000 | 26,482,000 |
| Noninterest expense | 13,039,000 | 26,180,000 | 39,232,000 | 52,957,000 |
| Provision for loan losses | 1,366,000 | 2,299,000 | 5,011,000 | 6,822,000 |
| Pretax income | 4,919,000 | 11,951,000 | 20,262,000 | 27,155,000 |
| Income tax | 1,167,000 | 2,872,000 | 4,867,000 | 6,339,000 |
| Net income | 3,752,000 | 9,079,000 | 15,395,000 | 20,816,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 160,286,000 | 171,859,000 | 172,396,000 | 178,039,000 |
| Total capital | 174,765,000 | 186,338,000 | 186,486,000 | 191,928,000 |
| Risk-weighted assets | 1,471,957,000 | 1,749,610,000 | 1,685,398,000 | 1,703,279,000 |