Independent Bank Corporation (IBCP) — Net Asset Quality Index
Independent Bank Corporation (IBCP) has a Net Asset Quality Index of 9.3% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $5.66 Billion minus total liabilities of $5.14 Billion yields net assets of $528.41 Million. A higher index indicates a stronger, lower-leverage balance sheet. Read how much debt does Independent Bank Corporation carry for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Independent Bank Corporation Net Asset Quality Index Over Time (1989–2025)
This chart shows how Independent Bank Corporation's Net Asset Quality Index has evolved across 37 annual periods from 1989 to 2025. As of June 2026, the index stands at 9.3%, representing net assets of $528.41 Million against total assets of $5.66 Billion USD. For live market cap and overall valuation, see Independent Bank Corporation market capitalisation.
Annual Net Asset Quality Index for Independent Bank Corporation (1989–2025)
The table below presents the year-by-year Net Asset Quality Index for Independent Bank Corporation from 1989 to 2025, covering 37 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check IBCP strategic asset allocation to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 9.1% | $502.95 Million | $5.51 Billion | $5.00 Billion | ▲ +0.6 pp |
| 2024 | 8.5% | $454.69 Million | $5.34 Billion | $4.88 Billion | ▲ +0.8 pp |
| 2023 | 7.7% | $404.45 Million | $5.26 Billion | $4.86 Billion | ▲ +0.7 pp |
| 2022 | 7.0% | $347.60 Million | $5.00 Billion | $4.65 Billion | ▼ -90.7 pp |
| 2021 | 97.7% | $4.60 Billion | $4.70 Billion | $108.96 Million | ▲ +0.3 pp |
| 2020 | 97.4% | $4.10 Billion | $4.20 Billion | $108.82 Million | ▲ +87.6 pp |
| 2019 | 9.8% | $350.17 Million | $3.56 Billion | $3.21 Billion | ▼ -0.3 pp |
| 2018 | 10.1% | $338.99 Million | $3.35 Billion | $3.01 Billion | ▲ +0.6 pp |
| 2017 | 9.5% | $264.93 Million | $2.79 Billion | $2.52 Billion | ▼ -0.3 pp |
| 2016 | 9.8% | $248.98 Million | $2.55 Billion | $2.30 Billion | ▼ -0.7 pp |
| 2015 | 10.4% | $251.09 Million | $2.41 Billion | $2.16 Billion | ▼ -0.7 pp |
| 2014 | 11.1% | $250.37 Million | $2.25 Billion | $2.00 Billion | ▲ +0.7 pp |
| 2013 | 10.5% | $231.58 Million | $2.21 Billion | $1.98 Billion | ▲ +3.8 pp |
| 2012 | 6.7% | $134.97 Million | $2.02 Billion | $1.89 Billion | ▲ +2.2 pp |
| 2011 | 4.4% | $102.63 Million | $2.31 Billion | $2.20 Billion | ▼ -0.2 pp |
| 2010 | 4.7% | $119.08 Million | $2.54 Billion | $2.42 Billion | ▲ +1.0 pp |
| 2009 | 3.7% | $109.86 Million | $2.97 Billion | $2.86 Billion | ▼ -2.9 pp |
| 2008 | 6.6% | $194.88 Million | $2.96 Billion | $2.76 Billion | ▼ -1.6 pp |
| 2007 | 8.2% | $269.07 Million | $3.28 Billion | $3.01 Billion | ▲ +0.7 pp |
| 2006 | 7.5% | $258.17 Million | $3.43 Billion | $3.17 Billion | ▲ +0.1 pp |
| 2005 | 7.4% | $248.26 Million | $3.36 Billion | $3.11 Billion | ▼ 0.0 pp |
| 2004 | 7.4% | $230.29 Million | $3.09 Billion | $2.86 Billion | ▲ +0.6 pp |
| 2003 | 6.8% | $160.65 Million | $2.36 Billion | $2.20 Billion | ▲ +0.1 pp |
| 2002 | 6.7% | $138.05 Million | $2.06 Billion | $1.92 Billion | ▼ -0.3 pp |
| 2001 | 7.0% | $131.90 Million | $1.89 Billion | $1.76 Billion | ▼ -0.2 pp |
| 2000 | 7.2% | $128.34 Million | $1.78 Billion | $1.66 Billion | ▲ +0.6 pp |
| 1999 | 6.6% | $113.70 Million | $1.73 Billion | $1.61 Billion | ▼ -0.5 pp |
| 1998 | 7.0% | $117.00 Million | $1.66 Billion | $1.54 Billion | ▲ +1.0 pp |
| 1997 | 6.0% | $59.50 Million | $983.80 Million | $924.30 Million | ▲ +0.2 pp |
| 1996 | 5.8% | $51.80 Million | $888.60 Million | $836.80 Million | ▼ -2.1 pp |
| 1995 | 8.0% | $47.00 Million | $590.10 Million | $543.10 Million | ▲ +0.2 pp |
| 1994 | 7.8% | $40.30 Million | $516.20 Million | $475.90 Million | ▼ -0.3 pp |
| 1993 | 8.1% | $36.20 Million | $444.30 Million | $408.10 Million | ▼ -0.5 pp |
| 1992 | 8.7% | $31.80 Million | $367.50 Million | $335.70 Million | ▲ +1.1 pp |
| 1991 | 7.5% | $28.00 Million | $371.70 Million | $343.70 Million | ▲ +0.7 pp |
| 1990 | 6.8% | $24.70 Million | $362.50 Million | $337.80 Million | ▼ -0.1 pp |
| 1989 | 6.9% | $22.80 Million | $328.30 Million | $305.50 Million | — |