Independent Bank (US:IBCP)2025-07-24 15:00Financial Performance - Net income was $16.9 million, or $0.81 per diluted share[9] - Net interest income increased by $3.3 million year-over-year and $0.9 million compared to the previous quarter[9] - The company generated a ROAA of 1.27% and a ROAE of 14.66%[9] - Net interest margin was 3.58%, up from 3.49% in the linked quarter[9] Balance Sheet & Loan Portfolio - Total deposits increased by $5.3 million (0.2%) since December 31, 2024[12] - Core deposits, excluding time deposits and brokered deposits, constitute 83.9% of total deposits, amounting to $4.54 billion[11, 12] - Total portfolio loans reached $4.2 billion, with commercial loans accounting for 50%, mortgage loans for 37%, and installment loans for 14%[17] - Commercial loans increased by $75.9 million in 2Q'25, with an average new origination yield of 6.81%[21] Asset Quality & Capital - Non-performing assets (NPAs) to total assets stood at 0.16%, and net charge-offs (NCO) were 0.02% of average loans[9] - The loan-to-deposit ratio is 89%[9] - All regulatory capital ratios increased compared to the prior year quarter[9]