XML 74 R128.htm IDEA: XBRL DOCUMENT v2.4.1.9
FAIR VALUE MEASUREMENTS (Details 3) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Assets, Fair Value Disclosure [Abstract]    
Held-to-maturity Securities $ 375,453us-gaap_HeldToMaturitySecurities $ 350,652us-gaap_HeldToMaturitySecurities
Loans and Leases Receivable, Net Amount 4,915,633us-gaap_LoansAndLeasesReceivableNetReportedAmount 4,665,068us-gaap_LoansAndLeasesReceivableNetReportedAmount
Securities held to maturity 379,699us-gaap_HeldToMaturitySecuritiesFairValue 346,455us-gaap_HeldToMaturitySecuritiesFairValue
Liabilities, Fair Value Disclosure [Abstract]    
Advances from Federal Home Loan Banks 70,080us-gaap_AdvancesFromFederalHomeLoanBanks 140,294us-gaap_AdvancesFromFederalHomeLoanBanks
Customer Repurchase Agreements and other short-term borrowings 147,890indb_CustomerRepurchaseAgreementsandothershorttermborrowings 154,288indb_CustomerRepurchaseAgreementsandothershorttermborrowings
Wholesale Repurchase Agreements 50,000indb_WholesaleRepurchaseAgreements 50,000indb_WholesaleRepurchaseAgreements
Junior subordinated debentures 73,685us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust 73,906us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
Subordinated Debt 65,000us-gaap_SubordinatedDebt 30,000us-gaap_SubordinatedDebt
Bank Time Deposits [Member]    
Liabilities, Fair Value Disclosure [Abstract]    
Financial Liabilities Book Value 649,620indb_FinancialLiabilitiesBookValue
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_BankTimeDepositsMember
743,628indb_FinancialLiabilitiesBookValue
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_BankTimeDepositsMember
Accrued Liabilities, Fair Value Disclosure 651,180us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_BankTimeDepositsMember
746,908us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_BankTimeDepositsMember
Federal Home Loan Bank Advances [Member]    
Liabilities, Fair Value Disclosure [Abstract]    
Advances from Federal Home Loan Banks 70,080us-gaap_AdvancesFromFederalHomeLoanBanks
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_FederalHomeLoanBankAdvancesMember
140,294us-gaap_AdvancesFromFederalHomeLoanBanks
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_FederalHomeLoanBankAdvancesMember
Accrued Liabilities, Fair Value Disclosure 70,208us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_FederalHomeLoanBankAdvancesMember
140,321us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_FederalHomeLoanBankAdvancesMember
Customer Repurchase Agreements [Member]    
Liabilities, Fair Value Disclosure [Abstract]    
Customer Repurchase Agreements and other short-term borrowings 147,890indb_CustomerRepurchaseAgreementsandothershorttermborrowings
/ us-gaap_FairValueByLiabilityClassAxis
= indb_CustomerRepurchaseAgreementsMember
154,288indb_CustomerRepurchaseAgreementsandothershorttermborrowings
/ us-gaap_FairValueByLiabilityClassAxis
= indb_CustomerRepurchaseAgreementsMember
Accrued Liabilities, Fair Value Disclosure 147,890us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= indb_CustomerRepurchaseAgreementsMember
154,349us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= indb_CustomerRepurchaseAgreementsMember
Wholesaled And Customer Repurchase Agreements [Member]    
Liabilities, Fair Value Disclosure [Abstract]    
Wholesale Repurchase Agreements 50,000indb_WholesaleRepurchaseAgreements
/ us-gaap_FairValueByLiabilityClassAxis
= indb_WholesaledAndCustomerRepurchaseAgreementsMember
50,000indb_WholesaleRepurchaseAgreements
/ us-gaap_FairValueByLiabilityClassAxis
= indb_WholesaledAndCustomerRepurchaseAgreementsMember
Accrued Liabilities, Fair Value Disclosure 50,510us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= indb_WholesaledAndCustomerRepurchaseAgreementsMember
51,298us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= indb_WholesaledAndCustomerRepurchaseAgreementsMember
Junior Subordinated Debt [Member]    
Liabilities, Fair Value Disclosure [Abstract]    
Junior subordinated debentures 73,685us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_JuniorSubordinatedDebtMember
73,906us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_JuniorSubordinatedDebtMember
Accrued Liabilities, Fair Value Disclosure 70,045us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_JuniorSubordinatedDebtMember
67,481us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_JuniorSubordinatedDebtMember
Subordinated Debt [Member]    
Liabilities, Fair Value Disclosure [Abstract]    
Subordinated Debt 65,000us-gaap_SubordinatedDebt
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_SubordinatedDebtMember
30,000us-gaap_SubordinatedDebt
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_SubordinatedDebtMember
Accrued Liabilities, Fair Value Disclosure 64,198us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_SubordinatedDebtMember
28,396us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_SubordinatedDebtMember
Significant Other Observable Inputs (Level 2) [Member] | Bank Time Deposits [Member]    
Liabilities, Fair Value Disclosure [Abstract]    
Accrued Liabilities, Fair Value Disclosure 651,180us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_BankTimeDepositsMember
746,908us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_BankTimeDepositsMember
Significant Other Observable Inputs (Level 2) [Member] | Federal Home Loan Bank Advances [Member]    
Liabilities, Fair Value Disclosure [Abstract]    
Accrued Liabilities, Fair Value Disclosure 70,208us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_FederalHomeLoanBankAdvancesMember
140,321us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_FederalHomeLoanBankAdvancesMember
Significant Other Observable Inputs (Level 2) [Member] | Junior Subordinated Debt [Member]    
Liabilities, Fair Value Disclosure [Abstract]    
Accrued Liabilities, Fair Value Disclosure 70,045us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_JuniorSubordinatedDebtMember
67,481us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_JuniorSubordinatedDebtMember
Significant Unobservable Inputs (Level 3) [Member] | Customer Repurchase Agreements [Member]    
Liabilities, Fair Value Disclosure [Abstract]    
Accrued Liabilities, Fair Value Disclosure 147,890us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByLiabilityClassAxis
= indb_CustomerRepurchaseAgreementsMember
154,349us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByLiabilityClassAxis
= indb_CustomerRepurchaseAgreementsMember
Significant Unobservable Inputs (Level 3) [Member] | Wholesaled And Customer Repurchase Agreements [Member]    
Liabilities, Fair Value Disclosure [Abstract]    
Accrued Liabilities, Fair Value Disclosure 50,510us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByLiabilityClassAxis
= indb_WholesaledAndCustomerRepurchaseAgreementsMember
51,298us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByLiabilityClassAxis
= indb_WholesaledAndCustomerRepurchaseAgreementsMember
Significant Unobservable Inputs (Level 3) [Member] | Subordinated Debt [Member]    
Liabilities, Fair Value Disclosure [Abstract]    
Accrued Liabilities, Fair Value Disclosure 64,198us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_SubordinatedDebtMember
28,396us-gaap_AccruedLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_SubordinatedDebtMember
US Treasury Securities [Member]    
Assets, Fair Value Disclosure [Abstract]    
Held-to-maturity Securities 1,010us-gaap_HeldToMaturitySecurities
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_USTreasurySecuritiesMember
1,011us-gaap_HeldToMaturitySecurities
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_USTreasurySecuritiesMember
Securities held to maturity 1,073us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_USTreasurySecuritiesMember
1,042us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_USTreasurySecuritiesMember
US Treasury Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]    
Assets, Fair Value Disclosure [Abstract]    
Securities held to maturity 1,073us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_USTreasurySecuritiesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
1,042us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_USTreasurySecuritiesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
Agency mortgage-backed securities    
Assets, Fair Value Disclosure [Abstract]    
Held-to-maturity Securities 159,522us-gaap_HeldToMaturitySecurities
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
155,067us-gaap_HeldToMaturitySecurities
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
Securities held to maturity 164,944us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
155,951us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
Agency mortgage-backed securities | Significant Other Observable Inputs (Level 2) [Member]    
Assets, Fair Value Disclosure [Abstract]    
Securities held to maturity 164,944us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
155,951us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
Agency collateralized mortgage obligations    
Assets, Fair Value Disclosure [Abstract]    
Held-to-maturity Securities 207,995us-gaap_HeldToMaturitySecurities
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_CollateralizedMortgageObligationsMember
187,388us-gaap_HeldToMaturitySecurities
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_CollateralizedMortgageObligationsMember
Securities held to maturity 206,658us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_CollateralizedMortgageObligationsMember
182,036us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_CollateralizedMortgageObligationsMember
Agency collateralized mortgage obligations | Significant Other Observable Inputs (Level 2) [Member]    
Assets, Fair Value Disclosure [Abstract]    
Securities held to maturity 206,658us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_CollateralizedMortgageObligationsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
182,036us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_CollateralizedMortgageObligationsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
State, county, and municipal securities    
Assets, Fair Value Disclosure [Abstract]    
Held-to-maturity Securities 424us-gaap_HeldToMaturitySecurities
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_MunicipalBondsMember
678us-gaap_HeldToMaturitySecurities
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_MunicipalBondsMember
Securities held to maturity 428us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_MunicipalBondsMember
685us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_MunicipalBondsMember
State, county, and municipal securities | Significant Other Observable Inputs (Level 2) [Member]    
Assets, Fair Value Disclosure [Abstract]    
Securities held to maturity 428us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_MunicipalBondsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
685us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_MunicipalBondsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
Single issuer trust preferred securities issued by banks and insurers    
Assets, Fair Value Disclosure [Abstract]    
Held-to-maturity Securities 1,500us-gaap_HeldToMaturitySecurities
/ us-gaap_FairValueByAssetClassAxis
= indb_SingleIssuerTrustPreferredSecuritiesIssuedByBanksMember
1,503us-gaap_HeldToMaturitySecurities
/ us-gaap_FairValueByAssetClassAxis
= indb_SingleIssuerTrustPreferredSecuritiesIssuedByBanksMember
Securities held to maturity 1,477us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= indb_SingleIssuerTrustPreferredSecuritiesIssuedByBanksMember
1,526us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= indb_SingleIssuerTrustPreferredSecuritiesIssuedByBanksMember
Single issuer trust preferred securities issued by banks and insurers | Significant Other Observable Inputs (Level 2) [Member]    
Assets, Fair Value Disclosure [Abstract]    
Securities held to maturity 1,477us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= indb_SingleIssuerTrustPreferredSecuritiesIssuedByBanksMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
1,526us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= indb_SingleIssuerTrustPreferredSecuritiesIssuedByBanksMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
Corporate Debt Securities [Member]    
Assets, Fair Value Disclosure [Abstract]    
Held-to-maturity Securities 5,002us-gaap_HeldToMaturitySecurities
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
5,005us-gaap_HeldToMaturitySecurities
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
Securities held to maturity 5,119us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
5,215us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
Corporate Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]    
Assets, Fair Value Disclosure [Abstract]    
Securities held to maturity 5,119us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
5,215us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
Loans Net Of Allowance For Loan Loses [Member]    
Assets, Fair Value Disclosure [Abstract]    
Loans and Leases Receivable, Net Amount 4,915,633us-gaap_LoansAndLeasesReceivableNetReportedAmount
/ us-gaap_FairValueByAssetClassAxis
= indb_LoansNetOfAllowanceForLoanLosesMember
4,665,068us-gaap_LoansAndLeasesReceivableNetReportedAmount
/ us-gaap_FairValueByAssetClassAxis
= indb_LoansNetOfAllowanceForLoanLosesMember
Loans, net of allowance for loan losses 4,883,479us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByAssetClassAxis
= indb_LoansNetOfAllowanceForLoanLosesMember
4,655,920us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByAssetClassAxis
= indb_LoansNetOfAllowanceForLoanLosesMember
Loans Net Of Allowance For Loan Loses [Member] | Significant Unobservable Inputs (Level 3) [Member]    
Assets, Fair Value Disclosure [Abstract]    
Loans, net of allowance for loan losses $ 4,883,479us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByAssetClassAxis
= indb_LoansNetOfAllowanceForLoanLosesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
$ 4,655,920us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByAssetClassAxis
= indb_LoansNetOfAllowanceForLoanLosesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member