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Insurance products are not insured by FDIC or any Federal Government Agency; are not a deposit of, or guaranteed by the Bank or any Bank Affiliate; and may lose value. Any insurance required as a condition of the extension of credit by Independent Bank need not be purchased from our Agency but may, without affecting the approval of the application for an extension of credit, be purchased from an agent or insurance company of the customer’s choice

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Performance Ratios (%) IBCP Peer Median Peer Average
ROAA 1.22 1.34 1.36
ROAE 11.76 11.08 11.46
Net Interest Margin 3.91 3.82 3.81
Efficiency Ratio 65.89 57.91 58.09
Loans / Deposits 89.25 86.76 91.52
Asset Quality Ratios (%)
NPAs / Assets 1.80 0.73 0.70
NCOs / Avg Loans (0.01) 0.04 0.07
Reserves / Loans 0.95 0.88 0.91
Reserves / NPAs 41.52 91.18 103.26
Capital Ratios (%)
Tier 1 Capital 13.28 13.89 14.23
Tangible Equity / Tangible Assets 9.26 9.76 10.44
Total Equity / Total Assets 10.19 12.76 12.38
Market Ratios
Price / Earnings (x) 13.01 12.78 12.61
Price / Book (%) 146.74 140.23 135.97
Dividend Yield (%) 3.35 2.64 2.53
Data for trailing four quarters

Independent Bank Corporation's peer group consists of the following: First Financial Corporation (THFF), First Mid Bancshares, Inc. (FMBH), Macatawa Bank Corporation (MCBC), Mercantile Bank Corporation (MBWM), Nicolet Bankshares, Inc. (NCBS), Peoples Bancorp Inc. (PEBO), United Community Financial Corp. (UCFC)

Independent Bank Corporation's financial data is as of 3/31/2019.

Peer financial data is as of 3/31/2019