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 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 | ||||
|---|---|---|---|---|
| 2024 · 2023 | ||||
| (Dollars in thousands) | ||||
| Amount | Percent | Amount | Percent | |
| Commercial and industrial | $3,047,671 | 21.0% | $2,925,823 | 20.5% |
| Commercial real estate | 6,756,708 | 46.5% | 6,695,671 | 46.9% |
| Commercial construction | 782,078 | 5.4% | 849,586 | 6.0% |
| Small business | 281,781 | 1.9% | 251,956 | 1.8% |
| Residential real estate | 2,460,600 | 17.0% | 2,424,754 | 16.9% |
| Home equity | 1,140,168 | 7.9% | 1,097,626 | 7.7% |
| Other consumer | 39,372 | 0.3% | 32,654 | 0.2% |
| Gross loans | 14,508,378 | 100.0% | 14,278,070 | 100.0% |
| Allowance for credit losses | (169,984) | (142,222) | ||
| Net loans | $14,338,394 | $14,135,848 | ||
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