INDEPENDENT BANK CORP
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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 | ||
|---|---|---|
| 2024 | 2023 | |
| (Dollars in thousands) | ||
| Loans accounted for on a nonaccrual basis | ||
| Commercial and industrial | $14,152 | $26,805 |
| Commercial real estate | 74,343 | 16,335 |
| Small business | 302 | 398 |
| Residential real estate | 10,243 | 7,634 |
| Home equity | 2,479 | 3,171 |
| Other consumer | 10 | 40 |
| Total nonperforming loans | 101,529 | 54,383 |
| Other real estate owned | — | 110 |
| Total nonperforming assets | $101,529 | $54,493 |
| Nonperforming loans as a percent of gross loans | 0.70% | 0.38% |
| Nonperforming assets as a percent of total assets | 0.52% | 0.28% |
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