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INDEPENDENT BANK

Grand Rapids, MI

Latest Health Report

Latest Update: March 31, 2021

Assets
$4,425,525,000
Deposits
$3,929,789,000
Loans
$2,817,470,000
Loan Loss Provision
$-474,000
Profit
$22,186,000
Capital
$377,199,000
Reserves
$46,755,000
Past Due 90 Days
$0
Nonaccrual
$7,072,000
Other Real Estate Owned
$346,000
Capital Plus Reserves
$423,954,000
Total Troubled Assets
$7,418,000
Troubled Asset Ratio
1.75

Past reports

This table shows the year-end report on key metrics for each of the past five years.
Year Assets Deposits Loans Profit Capital + Reserves Total Troubled Assets Troubled Asset Ratio
2020 $4,202,741,000 $3,703,937,000 $2,793,777,000 $57,102,000 $400,772,000 $8,594,000 2.14
2019 $3,563,694,000 $3,070,031,000 $2,770,893,000 $48,043,000 $357,372,000 $11,110,000 3.11
2018 $3,356,129,000 $2,957,873,000 $2,645,966,000 $41,692,000 $335,931,000 $10,149,000 3.02
2016 $2,537,351,000 $2,245,262,000 $1,656,343,000 $23,754,000 $270,205,000 $18,320,000 6.78
2015 $2,397,774,000 $2,106,894,000 $1,521,403,000 $21,015,000 $263,438,000 $17,752,000 6.74