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 | 5,321,109,000 | 5,411,119,000 | 5,486,851,000 | 5,499,615,000 |
| Total loans | 4,084,817,000 | 4,178,801,000 | 4,212,880,000 | 4,288,974,000 |
| Allowance for loan losses | 60,035,000 | 61,157,000 | 62,459,000 | 63,445,000 |
| Securities available for sale | 529,676,000 | 509,511,000 | 502,583,000 | 495,909,000 |
| Securities held to maturity | 337,057,000 | 329,435,000 | 321,542,000 | 309,615,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,703,588,000 | 4,732,678,000 | 4,919,682,000 | 4,819,251,000 |
| Interest-bearing deposits | 3,651,564,000 | 3,660,427,000 | 3,853,525,000 | 3,730,766,000 |
| Noninterest-bearing deposits | 1,052,024,000 | 1,072,251,000 | 1,066,157,000 | 1,088,485,000 |
| Equity capital | 487,396,000 | 492,417,000 | 480,475,000 | 490,911,000 |
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 | 66,298,000 | 133,315,000 | 202,781,000 | 270,313,000 |
| Interest expense | 21,467,000 | 42,602,000 | 65,056,000 | 85,682,000 |
| Net interest income | 44,831,000 | 90,713,000 | 137,725,000 | 184,631,000 |
| Noninterest income | 10,675,000 | 21,928,000 | 33,750,000 | 45,637,000 |
| Noninterest expense | 33,958,000 | 68,011,000 | 101,893,000 | 137,791,000 |
| Provision for loan losses | 724,000 | 2,220,000 | 4,252,000 | 5,676,000 |
| Pretax income | 20,301,000 | 42,283,000 | 65,205,000 | 86,162,000 |
| Income tax | 3,954,000 | 8,110,000 | 12,232,000 | 14,195,000 |
| Net income | 16,347,000 | 34,173,000 | 52,973,000 | 71,967,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 519,015,000 | 526,962,000 | 505,884,000 | 513,500,000 |
| Total capital | 573,522,000 | 582,441,000 | 561,840,000 | 570,750,000 |
| Risk-weighted assets | 4,349,553,000 | 4,427,545,000 | 4,464,991,000 | 4,568,293,000 |