Independent Bank
Grand Rapids, MI
IDRSSD: 636771
Total Assets
$5.49B
Latest filing
Total Deposits
$4.92B
Latest filing
Net Interest Margin
3.70%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Independent Bank
4200 E Beltline Ave Ne
Grand Rapids, MI 49525
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/01/1890FDIC Certificate 40645
Branches (58)
Page 1 of 9| Name | Address | City / State |
|---|---|---|
| Independent Bank (Main) | 4200 E Beltline Ave Ne | Grand Rapids, MI |
| NORTHGATE BRANCH | 655 N Port Crescent St | Bad Axe, MI |
| CASEVILLE BRANCH | 6727 Main St | Caseville, MI |
| SAND LAKE BRANCH | 5 S 3rd St | Sand Lake, MI |
| CEDAR SPRINGS BRANCH | 4115 17 Mile Rd Ne | Cedar Springs, MI |
| NORTH BRANCH | 4046 Huron St | North Branch, MI |
| NORTH BRANCH DRIVE UP | 3765 Huron St | North Branch, MI |
| PLEASANT LAKE BRANCH | 11628 Bunkerhill Rd | Pleasant Lake, MI |
Showing 7 of 58
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed member, supervised by FRB |
| Primary Regulator | FED |
| Established Date | 01/01/1890 |
| Community Bank | No |
| Ownership Type | Not Mutual |
| ZIP | 49525 |
| State and County Number | 26081 |
| Subchapter S Corporations | No |
| Trust Powers | Trust Powers Not Granted |
| Federal Reserve ID Number | 07 |
| Numeric code | 13 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | Grand Rapids-Kentwood, MI |
Operational Info
| Number of Employees | 800 |
| Domestic Offices | 59 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 10/09/2022 |
| Date of Deposit Insurance | 08/09/1989 |
| Primary Insurance Agency | DIF |
| Website | www.independentbank.com |
| Data Updated | 11/14/2025 |
| CERT | 27811 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $5.49B |
| Total Deposits | $4.92B |
| Total Liabilities | $5.01B |
| Total Equity Capital | $480.48M |
| Net Income | $18.80M |
| Net Loans and Leases | $4.15B |
| Assets Per Employee ($Millions) | $7.12M |
| Bank Premises and Fixed Assets | $45.12M |
| Cash and Balances due from Depository Institutions | $208.69M |
| Deposits Held in Domestic Offices | $4.92B |
Key Performance Ratios
| Return on Assets (ROA) | 1.38% |
| Return on Equity (ROE) | 15.46% |
| Net Interest Margin | 3.7% |
| Efficiency Ratio | 57.38% |
| Tier 1 Risk-Based Capital Ratio | 11.33% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.15% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.757% |
| Earning Assets to total Assets | 93.44% |
Income and Expense
| Total Interest Income | $69.47M |
| Total Noninterest Income | $11.82M |
| Total Interest Expense | $22.45M |
| Total Noninterest Expense | $33.88M |
| Net Interest Income | $47.01M |
| Pre-tax Net Operating Income | $22.96M |
| Provision for Credit Losses | $1.99M |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $356.00k |
| Other borrowed funds | $2.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $84.69M |
| Total Liabilities and Capital | $5.49B |
Securities
| Securities | $824.03M |
| Available-for-sale debt securities | $502.58M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $321.54M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Independent Bank?
$5.49B as of the latest filing.
How much are Independent Bank's total deposits?
$4.92B in total deposits.
Where is Independent Bank located?
Grand Rapids, MI.
What is the Net Interest Margin?
3.70%.
How many domestic offices does it operate?
59.
When was it established?
01/01/1890.
What is the Return on Assets (ROA)?
1.38%.
How much are total loans and leases?
$4.15B (latest filing).
What is the total interest income (latest filing)?
$69.47M.