INDEPENDENT BANK CORP
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
INDB$84.10-0.4%Stored close · as of Nov 6, 2026
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Table 10 - Nonperforming Assets
The following table sets forth information regarding nonperforming assets held by the Bank at the dates indicated:
Table 10 - Nonperforming Assets
| December 31 | ||
|---|---|---|
| 2023 | 2022 | |
| (Dollars in thousands) | ||
| Loans accounted for on a nonaccrual basis | ||
| Commercial and industrial | $20,188 | $26,693 |
| Commercial real estate | 22,952 | 15,730 |
| Small business | 398 | 104 |
| Residential real estate | 7,634 | 8,479 |
| Home equity | 3,171 | 3,400 |
| Other consumer | 40 | 475 |
| Total nonperforming loans (1) | 54,383 | 54,881 |
| Other real estate owned | 110 | — |
| Total nonperforming assets (1) | $54,493 | $54,881 |
| Nonperforming loans as a percent of gross loans | 0.38% | 0.39% |
| Nonperforming assets as a percent of total assets | 0.28% | 0.28% |
(1)Nonaccrual balances at December 31, 2022 included $11.5 million of nonaccruing TDRs.
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