Independent Bank Corporation IBCP Foreclosed Assets
Foreclosed Assets at other companies
Other financials
Where this comes from
Reported directly by Independent Bank Corporation in its filing.
Tagged under the XBRL concept us-gaap:ForeclosedAssets.
The official record: Independent Bank Corporation’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Independent Bank Corporation's foreclosed assets?
- Independent Bank Corporation (IBCP) reported foreclosed assets of $767K in Q1 2026.
- How has Independent Bank Corporation's foreclosed assets changed year-over-year?
- Independent Bank Corporation's foreclosed assets increased by 85.7% year-over-year, from $413K to $767K.
- What is the long-term trend for Independent Bank Corporation's foreclosed assets?
- Over 5 years (2020 to 2025), Independent Bank Corporation's foreclosed assets has grown at a 3.2% compound annual growth rate (CAGR), from $766K to $896K.
- What does foreclosed assets mean?
- Represents the carrying value of real estate or other collateral acquired by the bank through the foreclosure process on defaulted loans. This metric serves as a key indicator of asset quality and credit risk management effectiveness. High levels of foreclosed assets may signal potential future losses and increased costs associated with property maintenance and liquidation.