Independent Bank Corporation IBCP Proceeds From Sale Of Foreclosed Assets
Proceeds From Sale Of 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:ProceedsFromSaleOfForeclosedAssets.
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 proceeds from sale of foreclosed assets?
- Independent Bank Corporation (IBCP) reported proceeds from sale of foreclosed assets of $226K in Q1 2026.
- How has Independent Bank Corporation's proceeds from sale of foreclosed assets changed year-over-year?
- Independent Bank Corporation's proceeds from sale of foreclosed assets decreased by 72.5% year-over-year, from $823K to $226K.
- What is the long-term trend for Independent Bank Corporation's proceeds from sale of foreclosed assets?
- Over 3 years (2021 to 2024), Independent Bank Corporation's proceeds from sale of foreclosed assets has grown at a -3.9% compound annual growth rate (CAGR), from $1M to $892K.
- What does proceeds from sale of foreclosed assets mean?
- This metric represents the cash proceeds from the sale of other real estate owned (OREO) or other repossessed assets acquired through loan defaults. It is a key indicator of the bank's success in disposing of non-performing assets and recovering value from collateral. Higher proceeds indicate effective asset liquidation and a reduction in non-earning assets.