Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Allowance For Loans And Lease Losses : $-54.7 Mil (As of Dec. 2023)

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What is Independent Bank (Ionia MI) Allowance For Loans And Lease Losses?

Independent Bank (Ionia MI)'s Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-54.7 Mil.

Independent Bank (Ionia MI)'s quarterly Allowance For Loans And Lease Losses declined from Jun. 2023 ($-54.0 Mil) to Sep. 2023 ($-55.5 Mil) but then increased from Sep. 2023 ($-55.5 Mil) to Dec. 2023 ($-54.7 Mil).

Independent Bank (Ionia MI)'s annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-47.3 Mil) to Dec. 2022 ($-52.4 Mil) and declined from Dec. 2022 ($-52.4 Mil) to Dec. 2023 ($-54.7 Mil).

Independent Bank (Ionia MI) Allowance For Loans And Lease Losses Historical Data

The historical data trend for Independent Bank (Ionia MI)'s Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Independent Bank (Ionia MI) Allowance For Loans And Lease Losses Chart

Independent Bank (Ionia MI) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-26.15

-35.43

-47.25

-52.44

-54.66

Independent Bank (Ionia MI) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-52.44	-50.55	-53.96	-55.50	-54.66

Independent Bank (Ionia MI) Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Independent Bank (Ionia MI) Allowance For Loans And Lease Losses Related Terms

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Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independent Bank Corp (Ionia MI) (NAS:IBCP) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

4200 East Beltline, Grand Rapids, MI, USA, 49525

Website

https://www.independentbank.com

Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.

Executives

Stefanie M Kimball	officer: Executive Vice President	230 WEST MAIN STREET, IONIA MI 48846
Terance L Beia	director	4200 E BELTLINE, GRAND RAPIDS MI 49525
Archer Dennis W. Jr	director	4200 E BELTLINE, GRAND RAPIDS MI 49525
Christina Keller	director	4200 E BELTLINE AVE, GRAND RAPIDS MI 49525
James J Twarozynski	officer: Sr Vice President & Controller	201 HIGHLAND DRIVE, ROCKFORD MI 49341
Gavin A. Mohr	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Kristopher Kreter	officer: First Vice Pres. & Controller	4200 E BELTLINE, GRAND RAPIDS MI 49525
Ronia F Kruse	director	4200 E BELTLINE, GRAND RAPIDS MI 49525
Joel F Rahn	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
William B Kessel	officer: President of Affiliate Bank	INDEPENDENT BANK CORPORATION, 230 WEST MAIN STREET, IONIA MI 48846
Matthew J Missad	director	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Patrick J Ervin	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Dennis J Mack	officer: Executive Vice President	230 WEST MAIN STREET, IONIA MI 48846
Robert N Shuster	officer: Executive Vice President and C	201 HIGHLAND DRIVE, ROCKFORD MI 49341
Stephen A. Erickson	officer: EVP and Treasurer	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401