What is Independent Bank (Ionia MI) Mortgage Backed Securities (USD Mil)?
Mortgage Backed Securities (USD Mil) is a type of investment similar to a bond that is made up of mortgage loans bought from the banks that issued them. It is a type of asset-backed security secured by a mortgage or collection of mortgages.
Independent Bank (Ionia MI)'s Mortgage Backed Securities (USD Mil) for the quarter that ended in Dec. 2023 was 300.20
, which is higher than
179.50 for the pervious quarter ended in Sep. 2023.
Independent Bank (Ionia MI)'s Mortgage Backed Securities (USD Mil) for the annual that ended in Dec. 2023 was 300.20
, which is lower than
327.45 for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Independent Bank (Ionia MI)'s Mortgage Backed Securities (USD Mil) or its related term are showing as below:
Independent Bank (Ionia MI) Mortgage Backed Securities (USD Mil) Historical Data
The historical data trend for Independent Bank (Ionia MI)'s Mortgage Backed Securities (USD Mil) 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) Mortgage Backed Securities (USD Mil) Chart
Competitive Comparison of Independent Bank (Ionia MI)'s Mortgage Backed Securities (USD Mil)
For the Banks - Regional subindustry, Independent Bank (Ionia MI)'s Mortgage Backed Securities (USD Mil), along with its competitors' market caps and Mortgage Backed Securities (USD Mil) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mortgage Backed Securities (USD Mil) is a type of asset-backed security secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Investors are essentially lending money to home buyers, while the bank becomes an intermediary between the home buyer and the investors.
Independent Bank (Ionia MI) Mortgage Backed Securities (USD Mil) Related Terms
Thank you for viewing the detailed overview of Independent Bank (Ionia MI)'s Mortgage Backed Securities (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Business Description
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.
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