INDEPENDENT BANK CORP
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
INDB$85.28+1.4%Stored close · as of Nov 9, 2026
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Table 4 - Nonperforming Assets
The following table sets forth information regarding nonperforming assets held by the Company at the dates indicated:
Table 4 - Nonperforming Assets
| March 312024 | December 312023 | March 312023 | |
|---|---|---|---|
| (Dollars in thousands) | |||
| Loans accounted for on a nonaccrual basis | |||
| Commercial and industrial | $17,640 | $20,188 | $26,343 |
| Commercial real estate | 24,213 | 22,952 | 18,038 |
| Small business | 316 | 398 | 242 |
| Residential real estate | 9,947 | 7,634 | 8,178 |
| Home equity | 4,805 | 3,171 | 3,282 |
| Other consumer | 20 | 40 | 129 |
| Total | $56,941 | $54,383 | $56,212 |
| Loans past due 90 days or more but still accruing | |||
| Commercial real estate | — | — | — |
| Home equity | — | — | 23 |
| Total | $— | $— | $23 |
| Total nonperforming loans | $56,941 | $54,383 | $56,235 |
| Other real estate owned | 110 | 110 | — |
| Total nonperforming assets (1) | $57,051 | $54,493 | $56,235 |
| Nonperforming loans as a percent of gross loans | 0.40% | 0.38% | 0.40% |
| Nonperforming assets as a percent of total assets | 0.30% | 0.28% | 0.29% |
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