IBCP (Independent Bank (Ionia MI)) Long-Term Debt : $79.3 Mil (As of Sep. 2024)

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What is Independent Bank (Ionia MI) Long-Term Debt?

Independent Bank (Ionia MI)'s Long-Term Debt for the quarter that ended in Sep. 2024 was $79.3 Mil.

Independent Bank (Ionia MI)'s quarterly Long-Term Debt increased from Mar. 2024 ($129.3 Mil) to Jun. 2024 ($129.3 Mil) but then declined from Jun. 2024 ($129.3 Mil) to Sep. 2024 ($79.3 Mil).

Independent Bank (Ionia MI)'s annual Long-Term Debt increased from Dec. 2021 ($109.0 Mil) to Dec. 2022 ($165.1 Mil) but then declined from Dec. 2022 ($165.1 Mil) to Dec. 2023 ($129.3 Mil).

Independent Bank (Ionia MI) Long-Term Debt Historical Data

The historical data trend for Independent Bank (Ionia MI)'s Long-Term Debt 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) Long-Term Debt Chart

Independent Bank (Ionia MI) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Debt

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74.46

108.82

108.96

165.10

129.26

Independent Bank (Ionia MI) Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Debt	Get a 7-Day Free Trial															129.22	129.26	129.25	129.32	79.35

Independent Bank (Ionia MI) (NAS:IBCP) Long-Term Debt Explanation

Long-Term Debt is the sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer. Long-Term Debt includes notes payable, bonds payable, mortgage loans, convertible debt, subordinated debt and other types of long term debt.

Independent Bank (Ionia MI) Long-Term Debt Related Terms

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Independent Bank (Ionia MI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independent Bank Corp (Ionia MI) (NAS:IBCP) » Definitions » Long-Term Debt

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

Patrick J Ervin	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Daniel Larry R Jr	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Gavin A. Mohr	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Christina Keller	director	4200 E BELTLINE AVE, GRAND RAPIDS MI 49525
Stefanie M Kimball	officer: Executive Vice President	230 WEST MAIN STREET, IONIA MI 48846
James J Twarozynski	officer: Sr Vice President & Controller	201 HIGHLAND DRIVE, ROCKFORD MI 49341
Terance L Beia	director	4200 E BELTLINE, GRAND RAPIDS MI 49525
Archer Dennis W. Jr	director	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
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