INDEPENDENT BANK CORP
For the period ended Jun 30, 2024. Filed Aug 6, 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.
Jun 30, 2024 · Filed Aug 6, 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
| June 302024 | December 312023 | June 302023 | |
|---|---|---|---|
| (Dollars in thousands) | |||
| Loans accounted for on a nonaccrual basis | |||
| Commercial and industrial | $17,793 | $20,188 | $3,235 |
| Commercial real estate | 23,479 | 22,952 | 29,910 |
| Small business | 437 | 398 | 348 |
| Residential real estate | 10,629 | 7,634 | 8,179 |
| Home equity | 5,090 | 3,171 | 3,944 |
| Other consumer | 23 | 40 | 86 |
| Total nonperforming loans | $57,451 | $54,383 | $45,702 |
| Other real estate owned | 110 | 110 | 110 |
| Total nonperforming assets | $57,561 | $54,493 | $45,812 |
| Nonperforming loans as a percent of gross loans | 0.40% | 0.38% | 0.32% |
| Nonperforming assets as a percent of total assets | 0.30% | 0.28% | 0.24% |
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