US Stock MarketDetailed Quotes

IBCP Independent Bank (Ionia MI)

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32.320
-0.840-2.53%

Close Sep 6 16:00 ET

32.320
0.0000.00%

Post 16:02 ET

675.38MMarket Cap10.36P/E (TTM)

Independent Bank (Ionia MI) Key Stats

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Quarterly+Annual

YOY

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(Q2)Jun 30, 2024

(Q1)Mar 31, 2024

(FY)Dec 31, 2023

(Q4)Dec 31, 2023

(Q3)Sep 30, 2023

(Q2)Jun 30, 2023

(Q1)Mar 31, 2023

(FY)Dec 31, 2022

(Q4)Dec 31, 2022

(Q3)Sep 30, 2022

Assets

Cash cash equivalents and federal funds sold

65.91%214.35M

-28.71%161.84M

128.29%169.78M

80.46%127.46M

117.18%129.19M

106.72%227.02M

-32.06%74.37M

-43.77%70.63M

-Cash and cash equivalents

65.91%214.35M

-28.71%161.84M

128.29%169.78M

80.46%127.46M

117.18%129.19M

106.72%227.02M

-32.06%74.37M

-43.77%70.63M

Net loan

5.95%3.81B

9.10%3.79B

8.34%3.75B

9.86%3.7B

10.95%3.6B

16.34%3.48B

17.36%3.46B

15.50%3.37B

-Gross loan

5.93%3.87B

9.13%3.85B

8.28%3.8B

9.84%3.76B

10.98%3.65B

16.26%3.53B

17.26%3.51B

15.40%3.42B

-Allowance for loans and lease losses

4.22%56.24M

11.40%56.31M

4.24%54.66M

8.51%55.5M

12.70%53.96M

10.79%50.55M

10.97%52.44M

9.28%51.14M

Securities and investments

-14.24%937.07M

-15.26%963.58M

-10.47%1.03B

-11.84%1.04B

-11.97%1.09B

-18.79%1.14B

-18.31%1.15B

-12.21%1.18B

-Available for sale securities

--872K

----

-Held to maturity securities

-4.63%344.22M

-5.31%349.96M

-5.56%353.99M

-5.41%358.9M

-5.42%360.93M

--369.58M

--374.82M

--379.43M

-Short term investments

-19.10%591.97M

-20.05%613.62M

-12.83%679.35M

-14.87%684.64M

-14.88%731.78M

-45.18%767.53M

-44.84%779.35M

-40.35%804.27M

Federal home loan bank stock

-11.21%16.1M

-4.71%16.82M

2.71%18.13M

0.00%17.65M

-4.20%17.65M

Bank owned life insurance

-1.26%53.82M

-3.04%53.63M

-1.56%54.34M

-0.93%54.63M

-1.05%54.51M

0.60%55.31M

-0.14%55.2M

0.04%55.15M

Net PPE

-3.09%35.04M

-3.29%34.59M

-1.03%35.52M

-1.02%35.35M

0.02%36.16M

-4.34%35.76M

-1.40%35.89M

-2.49%35.71M

-Gross PPE

----

1.52%156.26M

----

1.92%153.91M

----

-Accumulated depreciation

----

-2.30%-120.74M

----

-2.98%-118.02M

----

Foreclosed assets

43.62%945K

112.22%1.06M

25.05%569K

27.30%443K

29.53%658K

13.93%499K

85.71%455K

55.36%348K

Goodwill and other intangible assets

-0.74%74.45M

1.53%73.75M

-1.08%72.55M

3.16%76.5M

6.17%75.01M

7.87%72.64M

26.74%73.34M

32.21%74.16M

-Goodwill

0.00%28.3M

-Other intangible assets

-1.18%46.15M

2.51%45.45M

-1.76%44.25M

5.11%48.2M

10.29%46.71M

13.58%44.34M

52.33%45.04M

65.02%45.86M

Other assets

1.79%134.15M

14.26%133.4M

2.79%132.5M

15.12%145.31M

27.95%131.79M

35.32%116.75M

94.90%128.9M

91.41%126.22M

Total assets

2.76%5.28B

1.80%5.23B

5.28%5.26B

5.45%5.2B

6.41%5.14B

7.92%5.14B

6.27%5B

6.69%4.93B

Liabilities

Total deposits

2.82%4.61B

0.83%4.58B

5.57%4.62B

5.98%4.59B

4.59%4.49B

8.07%4.54B

6.36%4.38B

7.85%4.33B

Long term debt and capital lease obligation

-23.56%129.32M

0.07%129.25M

-21.71%129.26M

-22.05%129.22M

61.85%169.18M

18.50%129.16M

51.53%165.1M

52.19%165.76M

-Long term debt

-23.56%129.32M

0.07%129.25M

-21.71%129.26M

-22.05%129.22M

61.85%169.18M

18.50%129.16M

51.53%165.1M

52.19%165.76M

Other liabilities

-0.19%103.39M

6.89%104.02M

-0.82%107.13M

3.68%110.19M

3.61%103.59M

5.72%97.31M

34.68%108.02M

4.89%106.28M

Total liabilities

1.82%4.85B

0.93%4.82B

4.45%4.86B

4.91%4.83B

5.90%4.76B

8.28%4.77B

8.03%4.65B

8.92%4.6B

Shareholders'equity

Share capital

-0.18%317.68M

-1.22%317.1M

-1.09%317.48M

-1.03%317.15M

-0.51%318.24M

-0.30%321.03M

-0.75%320.99M

-1.82%320.44M

-common stock

-0.18%317.68M

-1.22%317.1M

-1.09%317.48M

-1.03%317.15M

-0.51%318.24M

-0.30%321.03M

-0.75%320.99M

-1.82%320.44M

-Preferred stock

--0

Retained earnings

33.60%183.61M

33.41%170.1M

33.29%159.11M

37.86%150.16M

42.78%137.43M

45.08%127.5M

60.05%119.37M

63.68%108.92M

Gains losses not affecting retained earnings

12.03%-70.83M

11.36%-71.63M

22.23%-72.14M

4.89%-92.3M

5.29%-80.51M

-48.51%-80.81M

-18,615.57%-92.76M

-1,467.22%-97.05M

Total stockholders'equity

14.74%430.46M

13.01%415.57M

16.36%404.45M

12.85%375M

13.30%375.16M

3.45%367.71M

-12.77%347.6M

-16.93%332.31M

Total equity

14.74%430.46M

13.01%415.57M

16.36%404.45M

12.85%375M

13.30%375.16M

3.45%367.71M

-12.77%347.6M

-16.93%332.31M

Currency Unit

USD

Accounting Standards

US-GAAP

Audit Opinions

Unqualified Opinion with Explanatory Notes

	(Q2)Jun 30, 2024	(Q1)Mar 31, 2024	(FY)Dec 31, 2023	(Q4)Dec 31, 2023	(Q3)Sep 30, 2023	(Q2)Jun 30, 2023	(Q1)Mar 31, 2023	(FY)Dec 31, 2022	(Q4)Dec 31, 2022	(Q3)Sep 30, 2022
Assets
Cash cash equivalents and federal funds sold	65.91%214.35M	-28.71%161.84M	128.29%169.78M	128.29%169.78M	80.46%127.46M	117.18%129.19M	106.72%227.02M	-32.06%74.37M	-32.06%74.37M	-43.77%70.63M
-Cash and cash equivalents	65.91%214.35M	-28.71%161.84M	128.29%169.78M	128.29%169.78M	80.46%127.46M	117.18%129.19M	106.72%227.02M	-32.06%74.37M	-32.06%74.37M	-43.77%70.63M
Net loan	5.95%3.81B	9.10%3.79B	8.34%3.75B	8.34%3.75B	9.86%3.7B	10.95%3.6B	16.34%3.48B	17.36%3.46B	17.36%3.46B	15.50%3.37B
-Gross loan	5.93%3.87B	9.13%3.85B	8.28%3.8B	8.28%3.8B	9.84%3.76B	10.98%3.65B	16.26%3.53B	17.26%3.51B	17.26%3.51B	15.40%3.42B
-Allowance for loans and lease losses	4.22%56.24M	11.40%56.31M	4.24%54.66M	4.24%54.66M	8.51%55.5M	12.70%53.96M	10.79%50.55M	10.97%52.44M	10.97%52.44M	9.28%51.14M
Securities and investments	-14.24%937.07M	-15.26%963.58M	-10.47%1.03B	-10.47%1.03B	-11.84%1.04B	-11.97%1.09B	-18.79%1.14B	-18.31%1.15B	-18.31%1.15B	-12.21%1.18B
-Available for sale securities	--872K	----	----	----	----	----	----	----	----	----
-Held to maturity securities	-4.63%344.22M	-5.31%349.96M	-5.56%353.99M	-5.56%353.99M	-5.41%358.9M	-5.42%360.93M	--369.58M	--374.82M	--374.82M	--379.43M
-Short term investments	-19.10%591.97M	-20.05%613.62M	-12.83%679.35M	-12.83%679.35M	-14.87%684.64M	-14.88%731.78M	-45.18%767.53M	-44.84%779.35M	-44.84%779.35M	-40.35%804.27M
Federal home loan bank stock	-11.21%16.1M	-4.71%16.82M	-4.71%16.82M	-4.71%16.82M	-4.71%16.82M	2.71%18.13M	0.00%17.65M	-4.20%17.65M	-4.20%17.65M	-4.20%17.65M
Bank owned life insurance	-1.26%53.82M	-3.04%53.63M	-1.56%54.34M	-1.56%54.34M	-0.93%54.63M	-1.05%54.51M	0.60%55.31M	-0.14%55.2M	-0.14%55.2M	0.04%55.15M
Net PPE	-3.09%35.04M	-3.29%34.59M	-1.03%35.52M	-1.03%35.52M	-1.02%35.35M	0.02%36.16M	-4.34%35.76M	-1.40%35.89M	-1.40%35.89M	-2.49%35.71M
-Gross PPE	----	----	1.52%156.26M	1.52%156.26M	----	----	----	1.92%153.91M	1.92%153.91M	----
-Accumulated depreciation	----	----	-2.30%-120.74M	-2.30%-120.74M	----	----	----	-2.98%-118.02M	-2.98%-118.02M	----
Foreclosed assets	43.62%945K	112.22%1.06M	25.05%569K	25.05%569K	27.30%443K	29.53%658K	13.93%499K	85.71%455K	85.71%455K	55.36%348K
Goodwill and other intangible assets	-0.74%74.45M	1.53%73.75M	-1.08%72.55M	-1.08%72.55M	3.16%76.5M	6.17%75.01M	7.87%72.64M	26.74%73.34M	26.74%73.34M	32.21%74.16M
-Goodwill	0.00%28.3M	0.00%28.3M	0.00%28.3M	0.00%28.3M	0.00%28.3M	0.00%28.3M	0.00%28.3M	0.00%28.3M	0.00%28.3M	0.00%28.3M
-Other intangible assets	-1.18%46.15M	2.51%45.45M	-1.76%44.25M	-1.76%44.25M	5.11%48.2M	10.29%46.71M	13.58%44.34M	52.33%45.04M	52.33%45.04M	65.02%45.86M
Other assets	1.79%134.15M	14.26%133.4M	2.79%132.5M	2.79%132.5M	15.12%145.31M	27.95%131.79M	35.32%116.75M	94.90%128.9M	94.90%128.9M	91.41%126.22M
Total assets	2.76%5.28B	1.80%5.23B	5.28%5.26B	5.28%5.26B	5.45%5.2B	6.41%5.14B	7.92%5.14B	6.27%5B	6.27%5B	6.69%4.93B
Liabilities
Total deposits	2.82%4.61B	0.83%4.58B	5.57%4.62B	5.57%4.62B	5.98%4.59B	4.59%4.49B	8.07%4.54B	6.36%4.38B	6.36%4.38B	7.85%4.33B
Long term debt and capital lease obligation	-23.56%129.32M	0.07%129.25M	-21.71%129.26M	-21.71%129.26M	-22.05%129.22M	61.85%169.18M	18.50%129.16M	51.53%165.1M	51.53%165.1M	52.19%165.76M
-Long term debt	-23.56%129.32M	0.07%129.25M	-21.71%129.26M	-21.71%129.26M	-22.05%129.22M	61.85%169.18M	18.50%129.16M	51.53%165.1M	51.53%165.1M	52.19%165.76M
Other liabilities	-0.19%103.39M	6.89%104.02M	-0.82%107.13M	-0.82%107.13M	3.68%110.19M	3.61%103.59M	5.72%97.31M	34.68%108.02M	34.68%108.02M	4.89%106.28M
Total liabilities	1.82%4.85B	0.93%4.82B	4.45%4.86B	4.45%4.86B	4.91%4.83B	5.90%4.76B	8.28%4.77B	8.03%4.65B	8.03%4.65B	8.92%4.6B
Shareholders'equity
Share capital	-0.18%317.68M	-1.22%317.1M	-1.09%317.48M	-1.09%317.48M	-1.03%317.15M	-0.51%318.24M	-0.30%321.03M	-0.75%320.99M	-0.75%320.99M	-1.82%320.44M
-common stock	-0.18%317.68M	-1.22%317.1M	-1.09%317.48M	-1.09%317.48M	-1.03%317.15M	-0.51%318.24M	-0.30%321.03M	-0.75%320.99M	-0.75%320.99M	-1.82%320.44M
-Preferred stock	--0	--0	--0	--0	--0	--0	--0	--0	--0	--0
Retained earnings	33.60%183.61M	33.41%170.1M	33.29%159.11M	33.29%159.11M	37.86%150.16M	42.78%137.43M	45.08%127.5M	60.05%119.37M	60.05%119.37M	63.68%108.92M
Gains losses not affecting retained earnings	12.03%-70.83M	11.36%-71.63M	22.23%-72.14M	22.23%-72.14M	4.89%-92.3M	5.29%-80.51M	-48.51%-80.81M	-18,615.57%-92.76M	-18,615.57%-92.76M	-1,467.22%-97.05M
Total stockholders'equity	14.74%430.46M	13.01%415.57M	16.36%404.45M	16.36%404.45M	12.85%375M	13.30%375.16M	3.45%367.71M	-12.77%347.6M	-12.77%347.6M	-16.93%332.31M
Total equity	14.74%430.46M	13.01%415.57M	16.36%404.45M	16.36%404.45M	12.85%375M	13.30%375.16M	3.45%367.71M	-12.77%347.6M	-12.77%347.6M	-16.93%332.31M
Currency Unit	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD
Accounting Standards	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP
Audit Opinions	--	--	Unqualified Opinion with Explanatory Notes	--	--	--	--	--	--	--

Analysis

Analyst Rating

No Data

Price Target

No Data

Heat List

Overall