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Independent Bank

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Deposit Rates - January 24, 2022

SAVINGS RATES APY MIN MAX
Savings
0.01% $2,500 $4,999 Compare
CD RATES APY MIN MAX
Special: 5 Mo CD
0.24% $1,000 $99,999 Compare
6 Mo CD
0.15% $10,000 $14,999 Compare
6 Mo CD
0.15% $100,000 $199,999 Compare
12 Mo CD
0.25% $10,000 $14,999 Compare
12 Mo CD
0.25% $100,000 $199,999 Compare
18 Mo CD
0.25% $10,000 $14,999 Compare
18 Mo CD
0.25% $100,000 $199,999 Compare
24 Mo CD
0.30% $10,000 $14,999 Compare
24 Mo CD
0.30% $100,000 $199,999 Compare
30 Mo CD
0.30% $10,000 $14,999 Compare
30 Mo CD
0.30% $100,000 $199,999 Compare
36 Mo CD
0.40% $10,000 $14,999 Compare
36 Mo CD
0.40% $100,000 $199,999 Compare
48 Mo CD
0.50% $10,000 $14,999 Compare
48 Mo CD
0.50% $100,000 $199,999 Compare
60 Mo CD
0.65% $10,000 $14,999 Compare
60 Mo CD
0.65% $100,000 $199,999 Compare
MM RATES APY MIN MAX
Money Market
0.01% $2,500 $2,999 Compare
Money Market
0.03% $10,000 $14,999 Compare
Money Market
0.10% $25,000 $29,999 Compare
PREMM RATES APY MIN MAX
Premium Money Market
0.13% $10,000 $14,999 Compare
Premium Money Market
0.20% $25,000 $34,999 Compare

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27811
Date Established 1890
Assets $ 4.62 billion
Loans $ 2.92 billion
Deposits $ 4.07 billion
Capital $ 428.19 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 125.62 million
Interest-bearing balances $ 75.68 million
Total securities $ 1,348.38 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.92 billion
Loan loss allowance $ 46.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.22 million
Goodwill and other intangibles $ 56.09 million
All other assets $ 128.08 million
     Total Assets $ 4.19 billion

LIABILITIES
Total deposits $ 4.07 billion
      Interest-bearing deposits $ 2.19 billion
      Deposits held in domestic offices $ 4.07 billion
      % insured (estimated) 76.12%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 30.00 million
Subordinated debt N.A.
All other liabilities $ 90.20 millionn
      Total Liabilities $ 4.19 billion
      Shareholders’ Equity $ 428.19 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 102.48 million
Total Interest Expense $ 3.70 million
Net interest income $ 98.78 million
Provision for loan and lease losses N.A.
Total non interest income $ 57.41 million
Total non interest expense $ 96.20 million
Pre-tax Net Operating Income $ 62.18 million

Independent Bank is an FDIC insured institution headquartered at 4200 E. Beltline Avenue Ne, Grand Rapids, MI 49525.
It was founded in 1890 and has approximately $5 billion in assets. Customers can open an account at one of its 68 branches.

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