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Independent Bank Corp INDB FDIC assessments
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Where this comes from
Reported directly by Independent Bank Corp in its filing.
Tagged under the XBRL concept us-gaap:FederalDepositInsuranceCorporationPremiumExpense.
The source filing: Independent Bank Corp’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 4:15 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000776901-26-000129
| Line item | Three Months Ended / June 30 / 2026 | Three Months Ended / June 30 / 2025 | Six Months Ended / June 30 / 2026 | Six Months Ended / June 30 / 2025 |
|---|---|---|---|---|
| Occupancy and equipment expenses | 16,170 | 13,158 | 33,476 | 27,017 |
| Data processing and facilities management | 3,208 | 2,783 | 6,467 | 5,425 |
| Software and subscriptions | 7,070 | 5,166 | 14,138 | 10,193 |
| FDIC assessment | 3,158 | 2,373 | 6,486 | 5,361 |
| Debit card expense | 2,462 | 1,984 | 4,864 | 3,919 |
| Amortization of intangible assets | 6,791 | 1,197 | 13,681 | 2,541 |
| Consulting expense | 3,274 | 1,018 | 5,251 | 2,115 |
| Merger and acquisition expense | — | 2,239 | 3,024 | 3,394 |
Item 1. Financial Statements (unaudited)
FAQ
- What is Independent Bank Corp's FDIC assessments?
- Independent Bank Corp (INDB) reported FDIC assessments of $3.16M in Q2 2026.
- How has Independent Bank Corp's FDIC assessments changed year-over-year?
- Independent Bank Corp's FDIC assessments increased by 33.1% year-over-year, from $2.37M to $3.16M.
- What is the long-term trend for Independent Bank Corp's FDIC assessments?
- Over 4 years (2021 to 2025), Independent Bank Corp's FDIC assessments has grown at a 33.1% compound annual growth rate (CAGR), from $3.98M to $12.5M.
- What does FDIC assessments mean?
- The cost of mandatory insurance premiums paid to the FDIC to protect customer deposits. This expense is a function of the bank's total deposit base and its risk profile as assessed by federal regulators.
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