Independent Bank


Overview / Commentary
616-363-1207
4200 E. Beltline Avenue Ne
Grand Rapids, MI 49525

Independent Bank is headquartered in GRAND RAPIDS and is the 4th largest bank in the state of Michigan. It is also the 274th largest bank in the nation. It was established in 1890 and as of March of 2025, it had grown to 779 employees at 59 locations. Independent Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #27811
Year Established1890
Employees779
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD13.54%
Annual Interest Income$66.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$5.32B$5.23B
LoansQ1 2025vs Q1 2024$4.02B$3.79B
DepositsQ1 2025vs Q1 2024$4.7B$4.65B
Equity CapitalQ1 2025vs Q1 2024$487.4MM$441.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$60MM$56.3MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$7.1MM$3.7MM
Real Estate OwnedQ1 2025vs Q1 2024$403K$1MM
Rates

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Locations

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