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REGULATORY CAPITAL REQUIREMENTS (Tables)
12 Months Ended
Dec. 31, 2019
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, 2019 and 2018 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, 2019
 
(Dollars in thousands)
Independent Bank Corp.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk weighted assets)
$
1,352,341

 
14.83
%
 
$
729,291

 
 
8.0
%
 
N/A

 
 
 
N/A

Common equity tier 1 capital (to risk weighted assets)
$
1,171,963

 
12.86
%
 
$
410,226

 
 
4.5
%
 
N/A

 
 
 
N/A

Tier 1 capital (to risk weighted assets)
$
1,232,963

 
13.53
%
 
$
546,969

 
 
6.0
%
 
N/A

 
 
 
N/A

Tier 1 capital (to average assets) leverage
$
1,232,963

 
11.28
%
 
$
437,271

 
 
4.0
%
 
N/A

 
 
 
N/A

Rockland Trust Company
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk weighted assets)
$
1,275,611

 
14.00
%
 
$
728,868

 
 
8.0
%
 
$
911,085

 
 
10.0
%
Common equity tier 1 capital (to risk weighted assets)
$
1,205,740

 
13.23
%
 
$
409,988

 
 
4.5
%
 
$
592,205

 
 
6.5
%
Tier 1 capital (to risk weighted assets)
$
1,205,740

 
13.23
%
 
$
546,651

 
 
6.0
%
 
$
728,868

 
 
8.0
%
Tier 1 capital (to average assets) leverage
$
1,205,740

 
11.06
%
 
$
435,886

 
 
4.0
%
 
$
544,857

 
 
5.0
%
 
December 31, 2018
 
(Dollars in thousands)
Independent Bank Corp.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk weighted assets)
$
992,454

 
14.45
%
 
$
549,297

 
 
8.0
%
 
N/A

 
 
 
N/A

Common equity tier 1 capital (to risk weighted assets)
$
818,176

 
11.92
%
 
$
308,980

 
 
4.5
%
 
N/A

 
 
 
N/A

Tier 1 capital (to risk weighted assets)
$
892,176

 
12.99
%
 
$
411,973

 
 
6.0
%
 
N/A

 
 
 
N/A

Tier 1 capital (to average assets)
$
892,176

 
10.69
%
 
$
333,754

 
 
4.0
%
 
N/A

 
 
 
N/A

Rockland Trust Company
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk weighted assets)
$
937,574

 
13.66
%
 
$
549,036

 
 
8.0
%
 
$
686,295

 
 
10.0
%
Common equity tier 1 capital (to risk weighted assets)
$
872,024

 
12.71
%
 
$
308,833

 
 
4.5
%
 
$
446,092

 
 
6.5
%
Tier 1 capital (to risk weighted assets)
$
872,024

 
12.71
%
 
$
411,777

 
 
6.0
%
 
$
549,036

 
 
8.0
%
Tier 1 capital (to average assets)
$
872,024

 
10.46
%
 
$
333,595

 
 
4.0
%
 
$
416,994

 
 
5.0
%