Independent Bank Corporation
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $138.4M | $119.9M | $169.8M | $74.4M | $109.5M | $118.7M | $65.3M | $70.2M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | — | — | — | — | — | — | — | — |
| Property, Plant & Equipment | $39.0M | $37.5M | $35.5M | $35.9M | $36.4M | $36.1M | $38.4M | $38.8M |
| Goodwill | $28.3M | $28.3M | $28.3M | $28.3M | $28.3M | $28.3M | $28.3M | $28.3M |
| Intangible Assets (Excl. Goodwill) | $1.0M | $1.5M | $2.0M | $2.6M | $3.3M | $4.3M | $5.3M | $6.4M |
| Total Assets | $5.51B | $5.34B | $5.26B | $5.00B | $4.70B | $4.20B | $3.56B | $3.35B |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $5.00B | $4.88B | $4.86B | $4.65B | $4.31B | $3.81B | $3.21B | $3.01B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $252.8M | $205.9M | $159.1M | $119.4M | $74.6M | $40.1M | $1.6M | $-28.3M |
| Total Stockholders' Equity | $503.0M | $454.7M | $404.4M | $347.6M | $398.5M | $389.5M | $350.2M | $339.0M |