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IBCP • CIK 0000039311
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Interest and Fee Income, Loans and Leases | $197,725 | $228,585 | $238,833 | $241,422 |
| Other Interest and Dividend Income | $5,429 | $6,208 | $4,956 | $4,482 |
| Interest Income (Expense), Net | $156,329 | $166,248 | $180,015 | $186,472 |
| Interest and Dividend Income, Operating | $239,677 | $266,776 | $269,737 | $270,178 |
| Financing Receivable, Credit Loss, Expense (Reversal) | $6,210 | $4,468 | $6,135 | $6,993 |
| Interest Income (Expense), after Provision for Loan Loss | $150,119 | $161,780 | $173,880 | $179,479 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $73,676 | $83,046 | $81,291 | $84,427 |
| Income Tax Expense (Benefit) | $14,609 | $16,256 | $12,750 | $12,673 |
| Net Income (Loss) Attributable to Parent | $59,067 | $66,790 | $68,541 | $71,754 |
| Interest Income, Securities, Operating, Taxable | $23,314 | $18,883 | $15,005 | $13,827 |
| Interest Expense, Deposits | $75,075 | $92,694 | $83,498 | $78,800 |
| Interest Income, Securities, Operating, Tax Exempt | $13,209 | $13,100 | $10,943 | $10,447 |
| Interest Expense, Borrowings | $8,273 | $7,834 | $6,224 | $4,906 |
| InterestExpenseOperating | — | $100,528 | $89,722 | $83,706 |
| Noninterest Income, Other Operating Income | $12,479 | $12,217 | $12,525 | $12,545 |
| Noninterest Income | $50,676 | $56,362 | $45,644 | $51,277 |
| Labor and Related Expense | $78,965 | $84,955 | $85,194 | $88,077 |
| Occupancy, Net | $7,908 | $7,806 | $8,567 | $8,784 |
| Equipment Expense | $3,756 | $3,762 | $3,467 | $3,610 |
| Advertising Expense | $2,165 | $3,058 | $3,211 | $3,907 |
| Federal Deposit Insurance Corporation Premium Expense | $3,005 | $2,870 | $2,824 | $3,013 |
| Professional Fees | $2,208 | $2,566 | $2,448 | $2,673 |
| Communication | $2,406 | $2,095 | $1,997 | $1,993 |
| Other Noninterest Expense | $7,914 | $7,800 | $8,359 | $8,680 |
| Noninterest Expense | $127,119 | $135,096 | $138,233 | $146,329 |
| Gain (Loss) on Sales of Loans, Net | $7,436 | $6,579 | $6,780 | $5,805 |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | $2,685 | $0 | $1,600 |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | $-222 | $-428 | $-370 | $-167 |
| Weighted Average Number of Shares Outstanding, Basic | 20,976,000 | 20,892,000 | 20,758,000 | 20,501,000 |
| Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 11,000 | 3,000 | 2,000 | 1,000 |
| Weighted Average Number Diluted Shares Outstanding Adjustment | 21,170,000 | 21,106,000 | 20,963,000 | 20,963,000 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Operating Lease, Right-of-Use Asset | $4,911 | $5,971 | $7,296 | $6,805 |
| Operating Lease, Liability | $5,114 | $6,338 | $7,528 | $7,036 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss) Attributable to Parent | $59,067 | $66,790 | $68,541 | $71,754 |
| Net Cash Provided by (Used in) Operating Activities | $75,589 | $63,151 | $76,662 | $37,121 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | $95,410 | $-49,899 | $18,505 | $19,291 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $169,781 | $119,882 | $138,387 | $185,157 |
| ProceedsFromSaleOfEquitySecuritiesFvNi | — | $2,685 | $0 | $512 |
| Proceeds from Sale of Loans Held-for-sale | $356,207 | $380,739 | $350,335 | $365,338 |
| Payments for Origination of Mortgage Loans Held-for-sale | $334,174 | $370,575 | $345,144 | $363,977 |
| Financing Receivable, Credit Loss, Expense (Reversal) | $6,210 | $4,468 | $6,135 | $6,993 |
| Increase (Decrease) in Deferred Income Taxes | $-215 | $1,248 | $3,531 | $745 |
| Increase (Decrease) in Loans, Deferred Income | $-1,244 | $-961 | $-1,643 | $-1,648 |
| Depreciation, Amortization and Accretion, Net | $10,019 | $10,005 | $9,906 | $9,910 |
| Gain (Loss) on Sales of Loans, Net | $7,436 | $6,579 | $6,780 | $5,805 |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | $-222 | $-428 | $-370 | $-167 |
| Share-based Payment Arrangement, Noncash Expense | $2,229 | $2,332 | $2,716 | $2,682 |
| Increase (Decrease) in Other Operating Assets | $14,617 | $25,187 | $25,648 | $53,903 |
| Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities | $-3,597 | $1,017 | $17,886 | $4,426 |
| Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities | $16,522 | $-3,639 | $8,121 | $-34,633 |
| Proceeds from Sale of Debt Securities, Available-for-sale | $278 | $39,517 | $32,193 | $11,387 |
| Proceeds, Debt Securities, Held-to-maturity, Previously Written Off, Recovery | — | $1,125 | $0 | $0 |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $122,806 | $81,092 | $69,591 | $68,298 |
| Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | $22,317 | $18,811 | $34,370 | $46,061 |
| Payments to Acquire Debt Securities, Available-for-sale | $0 | $0 | $24,463 | $47,916 |
| Payments to Acquire Held-to-maturity Securities | $1,740 | $3,628 | $2,000 | $2,000 |
| Proceeds from Sale of Federal Home Loan Bank Stock | $1,310 | $722 | $1,209 | $3,322 |
| Payments to Acquire Federal Home Loan Bank Stock | $478 | $0 | $3,212 | $4,160 |
| Proceeds from Sale of Loans Held-for-investment | $56,561 | $20,780 | $22,594 | $10,039 |
| Proceeds from Sale of Foreclosed Assets | $650 | $892 | $864 | $551 |
| Proceeds from Life Insurance Policy | $1,336 | $1,320 | $1,292 | $1,291 |
| Proceeds from Sale of Property, Plant, and Equipment | $1,648 | $960 | $0 | $39 |
| Payments to Acquire Property, Plant, and Equipment | $6,024 | $7,950 | $6,494 | $11,263 |
| Proceeds from Sale of Mortgage Servicing Rights (MSR) | — | — | $12,690 | $461 |
| Net Cash Provided by (Used in) Investing Activities | $-162,945 | $-118,159 | $-122,497 | $-176,782 |
| Increase (Decrease) in Deposits | $243,810 | $31,209 | $107,594 | $202,774 |
| Proceeds from (Repayments of) Other Debt | $-60,980 | $-17 | $-6 | $-3 |
| Proceeds from FHLBank Borrowings, Financing Activities | $135,000 | $130,000 | $307,000 | $310,000 |
| Payments of FHLBank Borrowings, Financing Activities | $110,000 | $135,000 | $275,000 | $285,000 |
| Repayments of Subordinated Debt | — | — | $40,000 | $40,000 |
| Payments of Dividends | $19,327 | $20,045 | $21,600 | $22,304 |
| Proceeds from Issuance of Common Stock | $70 | $13 | $0 | $0 |
| Payments for Repurchase of Common Stock | $5,157 | $0 | $12,433 | $5,076 |
| Payment, Tax Withholding, Share-based Payment Arrangement | $650 | $1,051 | $1,215 | $1,439 |
| Net Cash Provided by (Used in) Financing Activities | $182,766 | $5,109 | $64,340 | $158,952 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $79,101 | $103,953 | $90,939 | $84,883 |
| Income Taxes Paid | $16,100 | $13,900 | $11,650 | $7,525 |
| Real Estate Owned, Transfer to Real Estate Owned | $783 | $1,091 | $776 | $776 |
| Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | $865 | $2,354 | $3,139 | $1,648 |