Independent Bank Corporation (IBCP)

Solvency & Capital Structure

Total Debt

$166.9M

Net Debt

-$391.1M

Independent Bank Corporation currently has $166.9M in total debt. Net debt is -$391.1M after cash offsets. This 'Net Cash' position indicates exceptional financial strength.

Financial Fundamentals

IBCP • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	0.17	0.56	-0.39Net Cash	5.66	2.9%
2026-03-31	0.07	0.05	0.03	5.56	1.3%
2025-12-31	0.12	0.16	-0.04Net Cash	5.51	2.1%
2025-09-30	0.04	0.39	-0.35Net Cash	5.49	0.8%
2025-06-30	0.18	0.34	-0.15Net Cash	5.42	3.3%
2025-03-31	0.12	0.66	-0.53Net Cash	5.33	2.3%
2024-12-31	0.12	0.15	-0.02Net Cash	5.34	2.3%
2024-09-30	0.08	0.71	-0.63Net Cash	5.26	1.5%
2024-06-30	0.13	0.81	-0.68Net Cash	5.28	2.5%
2024-03-31	0.13	0.78	-0.65Net Cash	5.23	2.5%
2023-12-31	0.13	0.85	-0.72Net Cash	5.26	2.5%
2023-09-30	0.13	0.81	-0.68Net Cash	5.20	2.5%
2023-06-30	0.17	0.86	-0.69Net Cash	5.14	3.3%
2023-03-31	0.13	0.99	-0.87Net Cash	5.14	2.5%
2022-12-31	0.23	0.85	-0.63Net Cash	5.00	4.5%
2022-09-30	0.17	0.87	-0.71Net Cash	4.93	3.4%
2022-06-30	0.10	0.92	-0.81Net Cash	4.83	2.2%
2022-03-31	0.11	1.51	-1.40Net Cash	4.76	2.3%
2021-12-31	0.11	1.52	-1.41Net Cash	4.70	2.3%
2021-09-30	0.11	1.47	-1.37Net Cash	4.62	2.4%
2021-06-30	0.11	1.40	-1.29Net Cash	4.46	2.4%
2021-03-31	0.11	1.38	-1.27Net Cash	4.43	2.5%
2020-12-31	0.11	1.19	-1.08Net Cash	4.20	2.6%
2020-09-30	0.11	1.03	-0.92Net Cash	4.17	2.6%
2020-06-30	0.13	0.91	-0.78Net Cash	4.04	3.2%
2020-03-31	0.14	0.66	-0.52Net Cash	3.63	3.9%
2019-12-31	0.13	0.58	-0.46Net Cash	3.56	3.6%
2019-09-30	0.10	0.52	-0.42Net Cash	3.55	2.9%
2019-06-30	0.08	0.49	-0.41Net Cash	3.44	2.3%
2019-03-31	0.07	0.53	-0.47Net Cash	3.38	1.9%
2018-12-31	0.07	0.50	-0.43Net Cash	3.35	1.9%
2018-09-30	0.12	0.49	-0.37Net Cash	3.30	3.6%
2018-06-30	0.08	0.51	-0.43Net Cash	3.23	2.5%
2018-03-31	0.06	0.53	-0.47Net Cash	2.79	2.3%
2017-12-31	0.09	0.58	-0.49Net Cash	2.79	3.2%
2017-09-30	0.11	0.60	-0.49Net Cash	2.75	4.0%
2017-06-30	0.12	0.65	-0.53Net Cash	2.67	4.5%
2017-03-31	0.05	0.68	-0.64Net Cash	2.60	1.7%
2016-12-31	0.05	0.70	-0.65Net Cash	2.55	1.8%
2016-09-30	0.05	0.72	-0.68Net Cash	2.54	1.9%
2016-06-30	0.05	0.67	-0.62Net Cash	2.45	1.9%
2016-03-31	0.05	0.74	-0.70Net Cash	2.49	1.9%
2015-12-31	0.05	0.68	-0.64Net Cash	2.41	2.0%
2015-09-30	0.05	0.72	-0.68Net Cash	2.39	2.0%
2015-06-30	0.05	0.63	-0.58Net Cash	2.29	2.1%
2015-03-31	0.05	0.68	-0.64Net Cash	2.33	2.1%
2014-12-31	0.05	0.62	-0.57Net Cash	2.25	2.1%
2014-09-30	0.07	0.61	-0.55Net Cash	2.24	3.0%
2014-06-30	0.07	0.64	-0.57Net Cash	2.25	3.0%
2014-03-31	0.05	0.67	-0.62Net Cash	2.26	2.4%
2013-12-31	0.06	0.60	-0.54Net Cash	2.21	2.6%
2013-09-30	0.07	0.56	-0.50Net Cash	2.18	3.1%
2013-06-30	0.07	0.50	-0.44Net Cash	2.13	3.2%
2013-03-31	0.07	0.51	-0.44Net Cash	2.11	3.2%
2012-12-31	0.07	0.39	-0.32Net Cash	2.02	3.4%
2012-09-30	0.07	0.46	-0.39Net Cash	2.40	2.8%
2012-06-30	0.07	0.42	-0.35Net Cash	2.40	2.8%
2012-03-31	0.08	0.35	-0.27Net Cash	2.42	3.4%
2011-12-31	0.08	0.50	-0.41Net Cash	2.31	3.6%
2011-09-30	0.09	0.36	-0.27Net Cash	2.32	3.7%
2011-06-30	0.09	0.32	-0.23Net Cash	2.32	3.9%
2011-03-31	0.10	0.39	-0.29Net Cash	2.48	3.9%
2010-12-31	0.12	0.39	-0.26Net Cash	2.54	4.8%
2010-09-30	0.18	0.43	-0.25Net Cash	2.74	6.7%
2010-06-30	0.18	0.36	-0.17Net Cash	2.74	6.7%
2010-03-31	0.25	0.37	-0.12Net Cash	2.90	8.6%
2009-12-31	0.22	0.29	-0.06Net Cash	2.97	7.6%
2009-09-30	0.26	0.18	0.07	2.96	8.6%
2009-06-30	0.35	0.08	0.27	2.98	11.8%
2009-03-31	0.54	0.06	0.47	2.95	18.2%
2008-12-31	0.63	0.06	0.58	2.96	21.5%
2008-09-30	0.70	0.09	0.61	3.14	22.4%
2008-06-30	0.84	0.07	0.77	3.24	25.8%
2008-03-31	0.68	0.06	0.62	3.25	21.0%
2007-12-31	0.45	0.08	0.37	3.28	13.7%
2007-09-30	0.20	0.08	0.12	3.26	6.2%
2007-06-30	0.15	0.07	0.08	3.26	4.4%
2007-03-31	0.12	0.07	0.06	3.36	3.7%
2006-12-31	0.31	0.07	0.24	3.43	9.1%
2006-09-30	0.30	0.08	0.22	3.47	8.7%
2006-06-30	0.37	0.08	0.30	3.44	10.9%
2006-03-31	0.37	0.06	0.31	3.40	10.8%
2005-12-31	0.37	0.07	0.30	3.36	11.1%
2005-09-30	0.44	0.08	0.37	3.32	13.3%
2005-06-30	0.56	0.07	0.49	3.25	17.3%
2005-03-31	0.51	0.06	0.44	3.19	15.9%
2004-12-31	0.59	0.07	0.51	3.09	19.0%
2004-09-30	0.47	0.08	0.39	2.99	15.8%
2004-06-30	0.54	0.08	0.46	2.78	19.3%
2004-03-31	0.46	0.06	0.40	2.41	18.9%
2003-12-31	0.44	0.06	0.38	2.36	18.6%
2003-09-30	0.46	0.05	0.41	2.32	20.0%
2003-06-30	0.43	0.07	0.36	2.30	18.9%
2003-03-31	0.32	0.06	0.26	2.06	15.4%
2002-12-31	0.35	0.06	0.29	2.06	17.1%
2002-09-30	0.35	0.06	0.28	2.05	17.0%
2002-06-30	0.27	0.06	0.21	1.93	13.9%
2002-03-31	0.24	0.05	0.20	1.87	13.0%
2001-12-31	0.34	0.05	0.29	1.89	18.0%
2001-09-30	0.31	0.05	0.26	1.87	16.7%
2001-06-30	0.35	0.04	0.31	1.83	19.2%
2001-03-31	0.26	0.05	0.21	1.79	14.4%
2000-12-31	0.22	0.06	0.17	1.78	12.5%
2000-09-30	0.23	0.05	0.18	1.77	13.2%
2000-06-30	0.24	0.05	0.19	1.77	13.8%
2000-03-31	0.24	0.05	0.19	1.74	13.6%
1999-12-31	0.27	0.06	0.21	1.73	15.5%
1999-09-30	0.25	0.04	0.21	1.69	14.8%
1999-06-30	0.15	0.03	0.12	1.08	14.2%
1999-03-31	0.15	0.03	0.12	1.05	14.4%
1998-12-31	0.25	0.05	0.20	1.66	15.2%
1998-09-30	0.18	0.03	0.15	1.04	17.7%
1998-06-30	0.20	0.03	0.17	1.03	19.5%
1998-03-31	0.21	0.03	0.18	0.99	20.9%
1997-12-31	0.21	0.03	0.18	0.98	21.6%
1997-09-30	0.21	0.02	0.19	0.96	21.9%
1997-06-30	0.22	0.03	0.19	0.96	23.4%
1997-03-31	0.18	0.03	0.15	0.91	19.6%
1996-12-31	0.15	0.05	0.10	0.89	17.4%
1996-09-30	0.19	0.03	0.16	0.79	24.1%