INDEPENDENT BANK CORP
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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Table 15- Components of Deposit Growth/(Decline)
Excluding the effects of the Enterprise acquisition, the Company’s deposits have increased on a net organic basis as compared to the prior year end as summarized in the table below:
Table 15 - Components of Deposit Growth/(Decline)
| December 312025 | December 312024 | Enterprise Bancorp Acquisition | Organic Growth/(Decline) $ | Organic Growth/(Decline) % | |
|---|---|---|---|---|---|
| (Dollars in thousands) | |||||
| Non-interest-bearing demand deposits | $5,600,955 | $4,390,703 | $1,040,758 | $169,494 | 3.1% |
| Savings and interest checking | 6,482,970 | 5,207,548 | 1,170,875 | 104,547 | 1.6% |
| Money market | 4,774,645 | 2,960,381 | 1,411,120 | 403,144 | 9.2% |
| Time certificates of deposits | 3,268,220 | 2,747,346 | 739,957 | (219,083) | (6.3)% |
| Total | $20,126,790 | $15,305,978 | $4,362,710 | $458,102 | 2.3% |
The Company’s deposit accounts are insured to the maximum extent permitted by the Deposit Insurance Fund which is administered by the Federal Deposit Insurance Corporation (“FDIC”). The FDIC offers insurance coverage on deposits up to the federally insured limit of $250,000. The Company participates in the IntraFi Network, allowing it to provide easy access to multi-million dollar FDIC deposit insurance protection on certificate of deposit and money market investments for consumers, businesses and public entities. This channel allows the Company to access a reciprocal deposit exchange that can be used to benefit customers seeking increased FDIC insurance protection, and amounted to $1.6 billion and $1.1 billion in deposits, at December 31, 2025 and December 31, 2024, respectively. The estimated balance of uninsured deposits at the Bank were $6.5 billion and $5.0 billion as of December 31, 2025 and December 31, 2024, respectively. Included in these amounts are $932.0 million and $814.0 million of collateralized deposits, which offer additional protection.
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