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Independent Bank

$1B-$10B Specialty: Commercial MI FDIC cert 27811

Grand Rapids, MI

59 branches across MI

884 banks in the $1B-$10B peer group nationally 18 in MI
View $1B-$10B leaderboard (MI) →

Independent Bank faces 4 concerns requiring attention

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

No key strengths identified

Key Concerns

Areas that may need attention

  • - Capital Thin: Bottom 46.1% in tier
  • - ROA 0.09% below tier average
  • - Net Interest Margin 0.11% below tier average
  • - Efficiency Ratio 2.64% above tier average
Get updates when Independent Bank releases new data →

Core Metrics

As of 2026-Q1

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Total Assets ? $5.6B
+4.3% YoY +0.9% QoQ
+$2.7B $2.8B
-0.1% YoY
$993.6M
+8.4% YoY
$6.2B
+9.1% YoY
Top 12.4% in tier
Total Loans ? $4.3B
+6.0% YoY +1.0% QoQ
+$2.3B $2.0B
+0.6% YoY
$752.3M
+12.4% YoY
$3.2B
+10.8% YoY
Top 10.7% in tier
Total Deposits ? $4.9B
+5.1% YoY +2.6% QoQ
+$2.6B $2.3B
-0.3% YoY
$797.0M
+7.4% YoY
$4.8B
+8.2% YoY
Top 11.3% in tier
Return on Assets ? 1.27%
+3.5% YoY -4.4% QoQ
-0.09% 1.37%
+19.6% YoY
1.15%
+25.2% YoY
1.23%
+13.4% YoY
54%
Net Interest Margin ? 3.70%
+2.3% YoY +1.0% QoQ
-0.11% 3.82%
+6.9% YoY
3.99%
+5.8% YoY
3.89%
+5.7% YoY
54%
Efficiency Ratio ? 63.71%
+4.5% YoY +6.8% QoQ
+2.64% 61.06%
-4.6% YoY
66.95%
-6.2% YoY
66.95%
-4.1% YoY
38%
Delinquency Rate ? 0.89%
+294.8% YoY +13.1% QoQ
+0.00% 0.89%
+14.1% YoY
0.77%
+21.7% YoY
0.95%
+18.8% YoY
31%
Loan-to-Deposit Ratio ? 86.32%
+0.9% YoY -1.6% QoQ
+2.12% 84.20%
+0.3% YoY
78.66%
+4.9% YoY
76.70%
+0.9% YoY
50%
Non-Interest-Bearing Deposit Share ? 22.12%
-1.1% YoY -2.0% QoQ
+0.84% 21.29%
-2.5% YoY
24.69%
-2.1% YoY
22.01%
-1.2% YoY
61%
Nonperforming Asset Ratio ? 0.69%
+289.9% YoY +12.2% QoQ
+0.02% 0.67%
+15.6% YoY
0.58%
+27.6% YoY
0.67%
+19.3% YoY
31%
Tier 1 Capital Ratio ? 11.43%
-4.2% YoY +1.7% QoQ
-3.73% 15.16%
+2.0% YoY
20.91%
+0.5% YoY
17.06%
+0.8% YoY
22%
Non-Interest Income / Assets ? 0.22%
+7.2% YoY -74.1% QoQ
-0.04% 0.26%
+1.6% YoY
0.19%
+5.8% YoY
0.32%
+4.1% YoY
75%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (1)

Capital Thin

risk
#103 of 221 • Bottom 46.1% in tier

Tier 1 capital ratio in the bottom quartile of peers. Capital cushion thin relative to peers - regulator-watching cohort.

Why this signature
Tier 1 Capital Ratio: 11.43%
(Tier: 15.16%, National: 17.06%)
worse than tier avg
221 of 221 Mid-Market banks match · 926 nationally
→ Stable +3 banks QoQ | QoQ rank declining

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 884 peers in $1B-$10B

Top Strengths (3 metrics)

96
Total Loans
size
Value: $4.27B
Peer Median: $1.96B
#96 of 884 Top 10.7% in $1B-$10B
101
Total Deposits
size
Value: $4.94B
Peer Median: $2.34B
#101 of 884 Top 11.3% in $1B-$10B
111
Total Assets
size
Value: $5.55B
Peer Median: $2.82B
#111 of 884 Top 12.4% in $1B-$10B

Top Weaknesses (1 metrics)

688
Tier 1 Capital Ratio
capital
Value: 11.43%
Peer Median: 15.16%
#688 of 884 Bottom 22.3% in $1B-$10B
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