Independent Bank Corporation IBCP Loss Contingency Accrual
Loss Contingency Accrual 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:LossContingencyAccrualAtCarryingValue.
The source filing: Independent Bank Corporation’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 12:18 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000039311-26-000061
As of June 30, 2026, we had accrued $1.85 million for losses we consider probable and reasonably estimable with respect to these matters, including an additional $0.35 million recorded during the quarter ended June 30, 2026. The accrual is reflected as Litigation Expense in the interim condensed consolidated statement of operations and in accrued expenses and other liabilities in the interim condensed consolidated statements of financial condition. Because of the inherent uncertainty of litigation and the fact that the proposed settlement remains subject to definitive documentation and court approval, it is reasonably possible that our ultimate loss could differ from the amount accrued.
Item 1. Condensed Consolidated Statements of Financial Condition June 30, 2026 and December 31, 20
FAQ
- What is Independent Bank Corporation's loss contingency accrual?
- Independent Bank Corporation (IBCP) reported loss contingency accrual of $1.85M in Q2 2026.
- What does loss contingency accrual mean?
- Loss Contingency Accrual
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