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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flow from operating activities      
Net income $ 59,845us-gaap_NetIncomeLoss $ 50,254us-gaap_NetIncomeLoss $ 42,627us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 11,011us-gaap_DepreciationAndAmortization 8,490us-gaap_DepreciationAndAmortization 10,212us-gaap_DepreciationAndAmortization
(Gain) loss on termination of derivatives     2,227us-gaap_GoodwillImpairmentLoss [1]
Provision for loan losses 10,403us-gaap_ProvisionForLoanAndLeaseLosses 10,200us-gaap_ProvisionForLoanAndLeaseLosses 18,056us-gaap_ProvisionForLoanAndLeaseLosses
Deferred income tax expense (benefit) 2,840us-gaap_DeferredIncomeTaxExpenseBenefit 2,557us-gaap_DeferredIncomeTaxExpenseBenefit (1,919)us-gaap_DeferredIncomeTaxExpenseBenefit
Loss on write-down of investments in securities available for sale (191)us-gaap_GainLossOnInvestments (230)us-gaap_GainLossOnInvestments (116)us-gaap_GainLossOnInvestments
Gain (Loss) on Sale of Other Investments     (76)us-gaap_GainLossOnSaleOfOtherInvestments
Net (gain) loss on fixed assets 469us-gaap_GainLossOnSaleOfPropertyPlantEquipment 560us-gaap_GainLossOnSaleOfPropertyPlantEquipment (30)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Gain on extinguishment of debt 0us-gaap_GainsLossesOnExtinguishmentOfDebt (763)us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
(Gain) loss on termination of derivatives 1,122us-gaap_GainLossOnSaleOfDerivatives 0us-gaap_GainLossOnSaleOfDerivatives (22)us-gaap_GainLossOnSaleOfDerivatives
Net loss on sale of other real estate owned and foreclosed assets (723)us-gaap_GainsLossesOnSalesOfOtherRealEstate (606)us-gaap_GainsLossesOnSalesOfOtherRealEstate (996)us-gaap_GainsLossesOnSalesOfOtherRealEstate
Realized gain on sale leaseback transaction (1,034)us-gaap_SaleLeasebackTransactionCurrentPeriodGainRecognized (1,034)us-gaap_SaleLeasebackTransactionCurrentPeriodGainRecognized (1,034)us-gaap_SaleLeasebackTransactionCurrentPeriodGainRecognized
Stock based compensation 2,712us-gaap_ShareBasedCompensation 2,462us-gaap_ShareBasedCompensation 2,845us-gaap_ShareBasedCompensation
Excess tax benefit related to equity award activity (704)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (503)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (426)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Increase in cash surrender value of life insurance policies (3,128)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue (3,229)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue (3,114)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue
Gain on life insurance benefits (1,964)indb_GainRealizedOnLifeInsurancePolicies (227)indb_GainRealizedOnLifeInsurancePolicies (1,307)indb_GainRealizedOnLifeInsurancePolicies
Change in fair value on loans held for sale 18indb_ChangeInFairValueOnLoansHeldForSale 1indb_ChangeInFairValueOnLoansHeldForSale (141)indb_ChangeInFairValueOnLoansHeldForSale
Net change in:      
Trading assets 0us-gaap_IncreaseDecreaseInTradingSecurities 0us-gaap_IncreaseDecreaseInTradingSecurities (265)us-gaap_IncreaseDecreaseInTradingSecurities
Loans held for sale 2,012us-gaap_IncreaseDecreaseInLoansHeldForSale 39,305us-gaap_IncreaseDecreaseInLoansHeldForSale (27,828)us-gaap_IncreaseDecreaseInLoansHeldForSale
Other assets (6,617)us-gaap_IncreaseDecreaseInOtherOperatingAssets 48,903us-gaap_IncreaseDecreaseInOtherOperatingAssets (1,575)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Other liabilities 7,258us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (16,016)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 4,408us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Total adjustments 24,894us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities 91,081us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities 1,325us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
Net cash provided by operating activities 84,739us-gaap_NetCashProvidedByUsedInOperatingActivities 141,335us-gaap_NetCashProvidedByUsedInOperatingActivities 43,952us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows used in investing activities      
Proceeds from sales of securities available for sale 5,438us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 3,506us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 2,101us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Proceeds from maturities and principal repayments of securities available for sale 47,720us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 81,727us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 101,808us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Purchases of securities available for sale (37,047)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (47,975)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (93,647)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Proceeds from maturities and principal repayments of securities held to maturity 44,710us-gaap_ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment 49,165us-gaap_ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment 59,887us-gaap_ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment
Purchases of securities held to maturity (69,544)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (222,027)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (34,239)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Redemption of Federal Home Loan Bank stock 6,693us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock 3,093us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock 2,290us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock
Investments in Low Income Housing Projects (10,886)indb_InvestmentinLowIncomeHousingProjects 0indb_InvestmentinLowIncomeHousingProjects 0indb_InvestmentinLowIncomeHousingProjects
Purchases of life insurance policies 10,161us-gaap_PaymentsToAcquireLifeInsurancePolicies 267us-gaap_PaymentsToAcquireLifeInsurancePolicies 267us-gaap_PaymentsToAcquireLifeInsurancePolicies
Proceeds from life insurance policies 6,310us-gaap_ProceedsFromLifeInsurancePolicies 0us-gaap_ProceedsFromLifeInsurancePolicies 3,280us-gaap_ProceedsFromLifeInsurancePolicies
Net increase in loans (266,961)us-gaap_PaymentsForProceedsFromLoansAndLeases (84,264)us-gaap_PaymentsForProceedsFromLoansAndLeases (297,394)us-gaap_PaymentsForProceedsFromLoansAndLeases
Cash provided by (used in) business combinations 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 10,520us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (8,965)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Purchases of bank premises and equipment (7,678)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (9,293)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (6,263)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from the sale of bank premises and equipment 1,219us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 29us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 67us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Proceeds (payments) on early termination of hedging relationship (1,122)us-gaap_PaymentsForProceedsFromHedgeInvestingActivities   22us-gaap_PaymentsForProceedsFromHedgeInvestingActivities
Proceeds from the sale of other real estate owned and foreclosed assets 7,458us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans 9,731us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans 5,649us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
Net capital improvements to other real estate owned 3,255us-gaap_PaymentsToDevelopRealEstateAssets 2,541us-gaap_PaymentsToDevelopRealEstateAssets 2,268us-gaap_PaymentsToDevelopRealEstateAssets
Net cash used in investing activities (287,106)us-gaap_NetCashProvidedByUsedInInvestingActivities (208,596)us-gaap_NetCashProvidedByUsedInInvestingActivities (267,939)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows provided by financing activities      
Net decrease in time deposits (94,008)us-gaap_IncreaseDecreaseInTimeDeposits (79,136)us-gaap_IncreaseDecreaseInTimeDeposits (21,074)us-gaap_IncreaseDecreaseInTimeDeposits
Net increase in other deposits 318,056us-gaap_IncreaseDecreaseInOtherDeposits 300,000us-gaap_IncreaseDecreaseInOtherDeposits 333,488us-gaap_IncreaseDecreaseInOtherDeposits
Net repayments of short-term Federal Home Loan Bank borrowings (65,000)us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet (50,000)us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet  
Repayments of long-term Federal Home Loan Bank borrowings (5,000)indb_IncreaseDecreaseInFederalHomeLoanBankAdvancesLongTerm (79,946)indb_IncreaseDecreaseInFederalHomeLoanBankAdvancesLongTerm (79,991)indb_IncreaseDecreaseInFederalHomeLoanBankAdvancesLongTerm
Net decrease in customer repurchase agreements (1,398)indb_IncreaseDecreaseinCustomerRepurchaseAgreements (4,071)indb_IncreaseDecreaseinCustomerRepurchaseAgreements (12,769)indb_IncreaseDecreaseinCustomerRepurchaseAgreements
Net increase (decrease) in other short term borrowings (5,000)us-gaap_ProceedsFromRepaymentsOfOtherDebt (7,000)us-gaap_ProceedsFromRepaymentsOfOtherDebt 1,947us-gaap_ProceedsFromRepaymentsOfOtherDebt
Proceeds from Issuance of Subordinated Long-term Debt 35,000us-gaap_ProceedsFromIssuanceOfSubordinatedLongTermDebt 0us-gaap_ProceedsFromIssuanceOfSubordinatedLongTermDebt 0us-gaap_ProceedsFromIssuanceOfSubordinatedLongTermDebt
Proceeds from exercise of stock options, net of cash paid 2,333us-gaap_ProceedsFromStockOptionsExercised 2,475us-gaap_ProceedsFromStockOptionsExercised 1,108us-gaap_ProceedsFromStockOptionsExercised
Restricted stock awards issued, net of awards surrendered (641)us-gaap_ProceedsFromRepurchaseOfEquity (669)us-gaap_ProceedsFromRepurchaseOfEquity (467)us-gaap_ProceedsFromRepurchaseOfEquity
Excess tax benefit from stock based compensation 704us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 503us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 426us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Tax benefit from deferred compensation distribution 138indb_TaxBenefitFromDeferredCompensationDistribution 109indb_TaxBenefitFromDeferredCompensationDistribution 92indb_TaxBenefitFromDeferredCompensationDistribution
Issuance of shares under direct stock purchase plan 1,555us-gaap_ProceedsFromStockPlans 969us-gaap_ProceedsFromStockPlans 1,691us-gaap_ProceedsFromStockPlans
Common dividend paid (22,443)us-gaap_PaymentsOfDividendsCommonStock (15,122)us-gaap_PaymentsOfDividendsCommonStock (22,494)us-gaap_PaymentsOfDividendsCommonStock
Net cash provided by financing activities 164,296us-gaap_NetCashProvidedByUsedInFinancingActivities 68,112us-gaap_NetCashProvidedByUsedInFinancingActivities 201,957us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash and cash equivalents (38,071)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 851us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (22,030)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 216,325us-gaap_CashCashEquivalentsAndFederalFundsSold 215,474us-gaap_CashCashEquivalentsAndFederalFundsSold 237,504us-gaap_CashCashEquivalentsAndFederalFundsSold
Cash and cash equivalents at end of period 178,254us-gaap_CashCashEquivalentsAndFederalFundsSold 216,325us-gaap_CashCashEquivalentsAndFederalFundsSold 215,474us-gaap_CashCashEquivalentsAndFederalFundsSold
Supplemental schedule of noncash investing and financing activities      
Interest on deposits and borrowings 20,257us-gaap_InterestPaid 23,475us-gaap_InterestPaid 23,205us-gaap_InterestPaid
Income taxes 14,547us-gaap_IncomeTaxesPaid 12,171us-gaap_IncomeTaxesPaid 11,059us-gaap_IncomeTaxesPaid
Transfer of loans to other real estate owned & foreclosed assets 5,248us-gaap_TransferOfOtherRealEstate 2,869us-gaap_TransferOfOtherRealEstate 7,061us-gaap_TransferOfOtherRealEstate
Capital commitment relating to Low Income Housing Project investments 28,004indb_CapitalcommitmentrelatingtoLowIncomeHousingProjectinvestments 51indb_CapitalcommitmentrelatingtoLowIncomeHousingProjectinvestments 0indb_CapitalcommitmentrelatingtoLowIncomeHousingProjectinvestments
In conjunction with the purchase acquisitions detailed in note 2 to the consolidated financial statements, assets were acquired and liabilities were assumed as follows      
Common stock issued for acquisition 0us-gaap_StockIssuedDuringPeriodValueAcquisitions 29,390us-gaap_StockIssuedDuringPeriodValueAcquisitions 30,389us-gaap_StockIssuedDuringPeriodValueAcquisitions
Fair value of assets acquired, net of cash acquired   241,395us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets 547,219us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
Fair value of liabilities assumed   $ 222,525us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities $ 507,865us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
[1] Amount represents the total amount of goodwill relating to Compass Exchange Advisors, LLC, which was acquired in January 2007.