Independent Bank
Grand Rapids, MI · Owner: Independent Bank Corp
$5.7B
total assets, June 30, 2026
$5.7B
total assets, June 30, 2026
Independent Bank is a state member bank based in Grand Rapids, MI, owned by Independent Bank Corp. As of June 30, 2026 it held $5.7 billion in assets and $4.9 billion in deposits; assets were up 4.5% from a year before. It has 59 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$5.7B
+4.5% in a year · +1.9% in a quarter
Deposits
$4.9B
+4.2% in a year · -0.3% in a quarter
Loans
$4.4B
+6.1% in a year · +2.4% in a quarter
Profit so far
$37.4M
Jan 1 to Jun 30, 2026 · +9.5% in a year
Capital ratio
9.67%
-0.12 pts in a year
Return on assets
1.34%
+0.07 pts in a year
Facts
- Type
- State member bank
- Head office
- 4200 E Beltline Ave Ne, Grand Rapids, MI, 49525
- County
- Kent
- Holding company
- Independent Bank Corp
- Established
- Jan 1, 1890
- Employees
- 796
- Branches
- 59
- Website
- www.independentbank.com
- Id
- b27811
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
59 offices as of June 30, 2026, holding $4.9 billion in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Michigan | 59 | $4.9B | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| Troy Main Branch | Troy, MI | $382M |
| Independent Bank (main office) | Grand Rapids, MI | $171M |
| Garfield Avenue Branch | Traverse City, MI | $157M |
| East Lansing Branch | East Lansing, MI | $154M |
| Ionia Point Branch | Ionia, MI | $143M |
| Northgate Branch | Bad Axe, MI | $134M |
| Traverse City Branch | Traverse City, MI | $130M |
| Shelby Township Branch | Shelby Township, MI | $127M |
| Caro Branch | Caro, MI | $126M |
| Bay City Branch | Bay City, MI | $125M |
Related pages
Questions and answers
How big is Independent Bank?
$5.7 billion in total assets and $4.9 billion in deposits as of June 30, 2026, with assets up 4.5% from a year before. Its loans were $4.4 billion.
How many branches does Independent Bank have?
59 branches in Michigan as of June 30, 2026.
Is Independent Bank profitable?
Yes: it earned $37.4 million from January 1 to June 30, 2026 (up 9.5% from the same months a year before). Its return on assets was 1.34% a year; about 1% is typical.
Who owns Independent Bank?
Independent Bank is owned by Independent Bank Corp, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.