XML 150 R131.htm IDEA: XBRL DOCUMENT v3.24.0.1
Regulatory Matters - Components of Regulatory Capital (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Components of Regulatory Capital [Abstract]        
Total shareholders’ equity $ 404,449 $ 347,596 $ 398,484 $ 389,522
Add (deduct)        
Accumulated other comprehensive loss for regulatory purposes (72,142) (92,763)    
Subordinated debt $ 39,510 39,433    
Period of transition method for regulatory purposes 3 years      
Consolidated        
Components of Regulatory Capital [Abstract]        
Total shareholders’ equity $ 404,449 347,596    
Add (deduct)        
Accumulated other comprehensive loss for regulatory purposes 66,344 86,966    
Goodwill and other intangibles (30,304) (30,851)    
CECL 2,576 5,152    
Common equity tier 1 capital 443,065 408,863    
Qualifying trust preferred securities 38,504 38,436    
Tier 1 capital 481,569 447,299    
Subordinated debt 40,000 40,000    
Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets 52,403 49,250    
Total risk-based capital 573,972 536,549    
Independent Bank        
Components of Regulatory Capital [Abstract]        
Total shareholders’ equity 430,407 370,418    
Add (deduct)        
Accumulated other comprehensive loss for regulatory purposes 66,344 86,966    
Goodwill and other intangibles (30,304) (30,851)    
CECL 2,576 5,152    
Common equity tier 1 capital 469,023 431,685    
Qualifying trust preferred securities 0 0    
Tier 1 capital 469,023 431,685    
Subordinated debt 0 0    
Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets 52,351 49,201    
Total risk-based capital $ 521,374 $ 480,886