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REGULATORY CAPITAL REQUIREMENTS (Tables)
12 Months Ended
Dec. 31, 2016
Banking and Thrift [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
The Company’s and the Bank’s actual capital amounts and ratios as of December 31, 2016 and 2015 are also presented in the table that follows:
 
Actual
 
For Capital
Adequacy Purposes
 
To Be Well Capitalized
Under Prompt
Corrective Action
Provisions
 
Amount
 
Ratio
 
Amount
 
 
 
Ratio
 
Amount
 
 
 
Ratio
 
December 31, 2016
 
(Dollars in thousands)
Independent Bank Corp.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk weighted assets)
$
824,265

 
13.60
%
 
$
484,942

 
 
8.0
%
 
N/A

 
 
 
N/A

Common equity tier 1 capital (to risk weighted assets)
$
656,080

 
10.82
%
 
$
272,780

 
 
4.5
%
 
N/A

 
 
 
N/A

Tier 1 capital (to risk weighted assets)
$
727,070

 
11.99
%
 
$
363,706

 
 
6.0
%
 
N/A

 
 
 
N/A

Tier 1 capital (to average assets)
$
727,070

 
9.77
%
 
$
297,748

 
 
4.0
%
 
N/A

 
 
 
N/A

Rockland Trust Company
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk weighted assets)
$
788,320

 
13.01
%
 
$
484,834

 
 
8.0
%
 
$
606,042

 
 
10.0
%
Common equity tier 1 capital (to risk weighted assets)
$
725,760

 
11.98
%
 
$
272,719

 
 
4.5
%
 
$
393,927

 
 
6.5
%
Tier 1 capital (to risk weighted assets)
$
725,760

 
11.98
%
 
$
363,625

 
 
6.0
%
 
$
484,834

 
 
8.0
%
Tier 1 capital (to average assets)
$
725,760

 
9.76
%
 
$
297,589

 
 
4.0
%
 
$
371,986

 
 
5.0
%
 
December 31, 2015
 
(Dollars in thousands)
Independent Bank Corp.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk weighted assets)
$
747,372

 
13.36
%
 
$
447,664

 
 
8.0
%
 
N/A

 
 
 
N/A

Common equity tier 1 capital (to risk weighted assets)
$
584,378

 
10.44
%
 
$
251,811

 
 
4.5
%
 
N/A

 
 
 
N/A

Tier 1 capital (to risk weighted assets)
$
655,154

 
11.71
%
 
$
335,748

 
 
6.0
%
 
N/A

 
 
 
N/A

Tier 1 capital (to average assets)
$
655,154

 
9.33
%
 
$
280,889

 
 
4.0
%
 
N/A

 
 
 
N/A

Rockland Trust Company
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk weighted assets)
$
718,197

 
12.84
%
 
$
447,334

 
 
8.0
%
 
$
559,167

 
 
10.0
%
Common equity tier 1 capital (to risk weighted assets)
$
660,979

 
11.82
%
 
$
251,625

 
 
4.5
%
 
$
363,459

 
 
6.5
%
Tier 1 capital (to risk weighted assets)
$
660,979

 
11.82
%
 
$
335,500

 
 
6.0
%
 
$
447,334

 
 
8.0
%
Tier 1 capital (to average assets)
$
660,979

 
9.42
%
 
$
280,653

 
 
4.0
%
 
$
350,816

 
 
5.0
%