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Efficiency Overhead Ratio % for banks is non-interest expenses divided by revenue. It helps show how well banks control their overhead expenses. A lower Efficiency Overhead Ratio suggests that the bank is operating better.
Independent Bank (Ionia MI)'s Efficiency Overhead Ratio % for the quarter that ended in Dec. 2023 was 64.27% , which is higher than 57.52% for the pervious quarter ended in Sep. 2023.
The historical rank and industry rank for Independent Bank (Ionia MI)'s Efficiency Overhead Ratio % or its related term are showing as below:
The historical data trend for Independent Bank (Ionia MI)'s Efficiency Overhead Ratio % 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.
Independent Bank (Ionia MI) Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
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Capital Adequacy Tier - Tier 1 Ratio % | Get a 7-Day Free Trial | ||||||||||
Capital Adequacy Tier - Leverage Ratio % | Get a 7-Day Free Trial | ||||||||||
Capital Adequacy Tier - Total Capital Ratio % | Get a 7-Day Free Trial | ||||||||||
Net Charge Offs to Average Loans % | Get a 7-Day Free Trial |
Independent Bank (Ionia MI)Quarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |||||||||||||||||||||
Efficiency Overhead Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Capital Adequacy Tier - Tier 1 Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Capital Adequacy Tier - Leverage Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Capital Adequacy Tier - Total Capital Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Net Charge Offs to Average Loans % | Get a 7-Day Free Trial |
For the Banks - Regional subindustry, Independent Bank (Ionia MI)'s Efficiency Overhead Ratio %, along with its competitors' market caps and Efficiency Overhead Ratio % 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.
Efficiency Overhead Ratio % is calculated as
Efficiency Overhead Ratio % | = | Non-interest Expenses | / | Revenue |
* 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.
Independent Bank (Ionia MI) (NAS:IBCP) Efficiency Overhead Ratio % Explanation
Efficiency Overhead Ratio % is typically used to analyze how well a company uses its assets and liabilities. It typically calculates the turnover of receivables, the repayment of liabilities, etc. In the banking industry, Efficiency Overhead Ratio % specifically refers to non-interest expenses divided by revenue. This ratio shows how well banks control their overhead expenses and allows analysts to assess their performance.
An Efficiency Overhead Ratio lower than 50% is considered to be optimal. If the Efficiency Overhead Ratio decreases, it means the bank’s expenses are decreasing and revenues are increasing, suggesting the bank is operating better.
Thank you for viewing the detailed overview of Independent Bank (Ionia MI)'s Efficiency Overhead Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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