Here are the 10-K annual reports from Independent Bank Corp. (IBCP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow IBCP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IBCP filings page.
Independent Bank Corporation, a Michigan-based community bank holding company, operates Independent Bank with 56 branches, one drive-thru, and six loan production offices serving mainly Lower Michigan. As of December 31, 2025, the bank had $4.276 billion in total loans and $4.762 billion in total deposits.
The company remains “well capitalized” under Federal Reserve standards and generates most revenue from interest and fees on loans, which provided 75.7% of 2025 revenue, with other interest income at 9.8% and non-interest income at 14.5%. Risk factors highlight macroeconomic volatility, regulatory changes, liquidity and funding risk, cybersecurity threats, and heavy regulatory oversight.
Additional concerns include estimated $1.176 billion of uninsured deposits (about 24.8% of deposits), commercial real estate loans of $1.055 billion (about 24.7% of the loan portfolio), higher non-performing loans of $23.1 million, and overdraft-related putative class action lawsuits challenging certain fee practices.