Independent Bank Corp (Massachusetts)
NASDAQ:INDB
Balance Sheet
Balance Sheet Decomposition
Independent Bank Corp (Massachusetts)
Independent Bank Corp (Massachusetts)
Balance Sheet
Independent Bank Corp (Massachusetts)
| Dec-2002 | Dec-2003 | Dec-2004 | Dec-2005 | Dec-2006 | Dec-2007 | Dec-2008 | Dec-2009 | Dec-2010 | Dec-2011 | Dec-2012 | Dec-2013 | Dec-2014 | Dec-2015 | Dec-2016 | Dec-2017 | Dec-2018 | Dec-2019 | Dec-2020 | Dec-2021 | Dec-2022 | Dec-2023 | Dec-2024 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||||||||
| Net Loans |
1 399
|
1 557
|
1 880
|
2 009
|
1 986
|
2 005
|
2 615
|
3 353
|
3 509
|
3 746
|
4 467
|
4 665
|
4 916
|
5 492
|
5 938
|
6 295
|
6 842
|
8 806
|
9 279
|
13 440
|
13 776
|
14 136
|
14 338
|
18 314
|
|
| Investments |
742
|
737
|
894
|
850
|
669
|
588
|
749
|
774
|
866
|
857
|
744
|
855
|
842
|
1 082
|
1 090
|
1 104
|
1 258
|
1 310
|
2 409
|
4 843
|
3 367
|
3 080
|
2 839
|
3 978
|
|
| PP&E Net |
31
|
32
|
36
|
37
|
37
|
39
|
36
|
44
|
46
|
48
|
55
|
65
|
64
|
76
|
78
|
95
|
98
|
180
|
166
|
256
|
255
|
247
|
248
|
218
|
|
| PP&E Gross |
31
|
32
|
36
|
37
|
37
|
39
|
36
|
44
|
46
|
48
|
55
|
65
|
64
|
76
|
78
|
95
|
98
|
180
|
166
|
256
|
255
|
247
|
248
|
0
|
|
| Accumulated Depreciation |
24
|
28
|
29
|
33
|
36
|
39
|
42
|
46
|
49
|
42
|
47
|
51
|
56
|
62
|
68
|
77
|
85
|
95
|
100
|
112
|
127
|
145
|
165
|
0
|
|
| Intangible Assets |
2
|
3
|
5
|
5
|
4
|
4
|
11
|
14
|
12
|
11
|
12
|
12
|
10
|
12
|
10
|
9
|
15
|
29
|
23
|
33
|
25
|
18
|
12
|
134
|
|
| Goodwill |
36
|
36
|
55
|
55
|
55
|
58
|
116
|
129
|
130
|
130
|
150
|
170
|
170
|
201
|
222
|
232
|
256
|
506
|
506
|
985
|
985
|
985
|
985
|
1 091
|
|
| Customer Acceptances Liabilities |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Assets |
61
|
54
|
84
|
94
|
88
|
84
|
182
|
211
|
233
|
267
|
409
|
384
|
433
|
489
|
525
|
507
|
549
|
990
|
1 208
|
1 753
|
1 747
|
1 795
|
1 859
|
2 108
|
|
| Total Assets |
2 285
N/A
|
2 437
+7%
|
2 944
+21%
|
3 042
+3%
|
2 829
-7%
|
2 768
-2%
|
3 628
+31%
|
4 482
+24%
|
4 696
+5%
|
4 970
+6%
|
5 757
+16%
|
6 099
+6%
|
6 365
+4%
|
7 209
+13%
|
7 709
+7%
|
8 082
+5%
|
8 852
+10%
|
11 395
+29%
|
13 204
+16%
|
20 423
+55%
|
19 294
-6%
|
19 347
+0%
|
19 374
+0%
|
24 913
+29%
|
|
| Liabilities | |||||||||||||||||||||||||
| Accrued Liabilities |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
58
|
56
|
64
|
61
|
56
|
57
|
0
|
|
| Short-Term Debt |
65
|
44
|
66
|
119
|
111
|
142
|
174
|
193
|
171
|
216
|
215
|
204
|
198
|
134
|
177
|
163
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Current Portion of Long-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Deposits |
1 689
|
1 783
|
2 060
|
2 205
|
2 090
|
2 027
|
2 579
|
3 375
|
3 628
|
3 877
|
4 547
|
4 986
|
5 210
|
5 991
|
6 412
|
6 729
|
7 427
|
9 147
|
10 993
|
16 917
|
15 879
|
14 866
|
15 306
|
20 127
|
|
| Other Interest Bearing Liabilities |
298
|
371
|
538
|
417
|
305
|
311
|
430
|
363
|
302
|
230
|
272
|
140
|
70
|
102
|
51
|
53
|
148
|
116
|
36
|
26
|
1
|
1 106
|
639
|
417
|
|
| Total Current Liabilities |
65
|
44
|
66
|
119
|
111
|
142
|
174
|
193
|
171
|
216
|
215
|
204
|
198
|
134
|
177
|
163
|
0
|
58
|
56
|
64
|
61
|
56
|
57
|
0
|
|
| Long-Term Debt |
0
|
0
|
52
|
52
|
77
|
52
|
92
|
92
|
92
|
92
|
104
|
104
|
139
|
108
|
108
|
108
|
111
|
187
|
145
|
127
|
113
|
113
|
63
|
409
|
|
| Other Liabilities |
25
|
18
|
18
|
20
|
15
|
17
|
49
|
47
|
66
|
87
|
90
|
73
|
107
|
103
|
97
|
85
|
92
|
178
|
271
|
272
|
354
|
312
|
317
|
395
|
|
| Total Liabilities |
2 076
N/A
|
2 217
+7%
|
2 733
+23%
|
2 814
+3%
|
2 599
-8%
|
2 548
-2%
|
3 323
+30%
|
4 069
+22%
|
4 259
+5%
|
4 501
+6%
|
5 228
+16%
|
5 508
+5%
|
5 724
+4%
|
6 438
+12%
|
6 845
+6%
|
7 138
+4%
|
7 778
+9%
|
9 687
+25%
|
11 502
+19%
|
17 405
+51%
|
16 407
-6%
|
16 452
+0%
|
16 380
0%
|
21 347
+30%
|
|
| Equity | |||||||||||||||||||||||||
| Common Stock |
49
|
49
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
4
|
4
|
4
|
5
|
5
|
5
|
5
|
3
|
4
|
4
|
4
|
4
|
0
|
|
| Retained Earnings |
111
|
130
|
150
|
175
|
175
|
165
|
177
|
185
|
210
|
239
|
264
|
294
|
330
|
368
|
414
|
466
|
547
|
654
|
716
|
767
|
934
|
1 077
|
1 173
|
1 269
|
|
| Additional Paid In Capital |
42
|
42
|
59
|
60
|
60
|
61
|
137
|
225
|
227
|
234
|
270
|
305
|
312
|
405
|
452
|
479
|
528
|
1 035
|
946
|
2 249
|
2 115
|
1 932
|
1 910
|
2 336
|
|
| Unrealized Security Profit/Loss |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
7
|
5
|
2
|
3
|
1
|
0
|
1
|
6
|
4
|
13
|
10
|
129
|
96
|
79
|
0
|
|
| Treasury Stock |
6
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Equity |
13
|
2
|
0
|
9
|
7
|
7
|
12
|
0
|
10
|
14
|
13
|
9
|
9
|
8
|
6
|
6
|
0
|
9
|
24
|
9
|
38
|
22
|
14
|
40
|
|
| Total Equity |
209
N/A
|
220
+5%
|
211
-4%
|
228
+8%
|
230
+1%
|
220
-4%
|
305
+39%
|
413
+35%
|
436
+6%
|
469
+8%
|
529
+13%
|
592
+12%
|
641
+8%
|
771
+20%
|
865
+12%
|
944
+9%
|
1 073
+14%
|
1 708
+59%
|
1 703
0%
|
3 018
+77%
|
2 887
-4%
|
2 895
+0%
|
2 993
+3%
|
3 566
+19%
|
|
| Total Liabilities & Equity |
2 285
N/A
|
2 437
+7%
|
2 944
+21%
|
3 042
+3%
|
2 829
-7%
|
2 768
-2%
|
3 628
+31%
|
4 482
+24%
|
4 696
+5%
|
4 970
+6%
|
5 757
+16%
|
6 099
+6%
|
6 365
+4%
|
7 209
+13%
|
7 709
+7%
|
8 082
+5%
|
8 852
+10%
|
11 395
+29%
|
13 204
+16%
|
20 423
+55%
|
19 294
-6%
|
19 347
+0%
|
19 374
+0%
|
24 913
+29%
|
|
| Shares Outstanding | |||||||||||||||||||||||||
| Common Shares Outstanding |
14
|
15
|
15
|
15
|
15
|
14
|
16
|
21
|
21
|
21
|
23
|
24
|
24
|
26
|
27
|
27
|
28
|
34
|
33
|
47
|
46
|
43
|
43
|
49
|
|
| Preferred Shares Outstanding |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|