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Independent Bank, Financial Information

AboutIndependent Bank

 Address:
4200 E. Beltline Avenue Ne
Grand Rapids,MI
Ionia County,Michigan
 Established:
Jan 1890
 Number of domestic offices:
69
Total assets$4,203M
Net income$57M
Net income,quarterly$17M
Total deposits$3,704M
Domestic deposits$3,704M
Equity capital$414M
ROA1.46%
ROAQ,quarterly1.67%
ROA,pretax1.67%
ROAQ,quarterly,pretax2.07%
ROE14.86%
ROEQ,quarterly17.14%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Historical Data