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 8 - Loan Portfolio Composition
The following table sets forth information concerning the composition of the Bank’s loan portfolio by loan type at the dates indicated:
Table 8 - Loan Portfolio Composition
| December 31 | ||||
|---|---|---|---|---|
| 2023 · 2022 | ||||
| (Dollars in thousands) | ||||
| Amount | Percent | Amount | Percent | |
| Commercial and industrial | $1,579,986 | 11.1% | $1,635,103 | 11.7% |
| Commercial real estate | 8,041,508 | 56.3% | 7,760,230 | 55.7% |
| Commercial construction | 849,586 | 6.0% | 1,154,413 | 8.3% |
| Small business | 251,956 | 1.8% | 219,102 | 1.6% |
| Residential real estate | 2,424,754 | 16.9% | 2,035,524 | 14.6% |
| Home equity | 1,097,626 | 7.7% | 1,088,750 | 7.8% |
| Other consumer | 32,654 | 0.2% | 35,553 | 0.3% |
| Gross loans | 14,278,070 | 100.0% | 13,928,675 | 100.0% |
| Allowance for credit losses | (142,222) | (152,419) | ||
| Net loans | $14,135,848 | $13,776,256 | ||
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