$IBCP
INDEPENDENT BANK CORP /MI/

2016 Form 10-K Financial Statement

#000114036119004526 Filed on March 07, 2019

View on sec.gov

Income Statement

Concept 2016
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.200M
YoY Change 13.04%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $32.90M
YoY Change 11.9%
Income Tax $10.10M
% Of Pretax Income 30.7%
Net Earnings $22.80M
YoY Change 14.0%
Net Earnings / Revenue
Basic Earnings Per Share $1.06
Diluted Earnings Per Share $1.051M
COMMON SHARES
Basic Shares Outstanding 21.38M
Diluted Shares Outstanding

Balance Sheet

Concept 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $40.20M
YoY Change -6.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $32.80M
YoY Change -17.17%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.549B
YoY Change 5.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $28.50M
YoY Change 20.25%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.50M
YoY Change 16.33%
LONG-TERM LIABILITIES
Long-Term Debt $35.60M
YoY Change 0.0%
Other Long-Term Liabilities $700.0K
YoY Change
Total Long-Term Liabilities $36.30M
YoY Change 1.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.50M
Total Long-Term Liabilities $36.30M
Total Liabilities $2.300B
YoY Change 6.58%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $249.0M
YoY Change
Total Liabilities & Shareholders Equity $2.549B
YoY Change 5.81%

Cashflow Statement

Concept 2016
OPERATING ACTIVITIES
Net Income $22.80M
YoY Change 14.0%
Depreciation, Depletion And Amortization $5.200M
YoY Change 13.04%
Cash From Operating Activities $23.70M
YoY Change 3.49%
INVESTING ACTIVITIES
Capital Expenditures -$3.500M
YoY Change -20.45%
Acquisitions
YoY Change
Other Investing Activities -$135.4M
YoY Change -13.32%
Cash From Investing Activities -$138.9M
YoY Change -13.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 112.6M
YoY Change -24.63%
NET CHANGE
Cash From Operating Activities 23.70M
Cash From Investing Activities -138.9M
Cash From Financing Activities 112.6M
Net Change In Cash -2.600M
YoY Change -122.03%
FREE CASH FLOW
Cash From Operating Activities $23.70M
Capital Expenditures -$3.500M
Free Cash Flow $27.20M
YoY Change -0.37%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21327000
CY2018 ibcp Allowance For Doubtful Accounts Receivable Period Increase Decrease Due To Tdr
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecreaseDueToTDR
0
CY2018 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
192000
CY2016 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
354000
CY2018Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
9029000
CY2017Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
8184000
CY2018Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
5000
CY2017Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21378000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23412000
CY2017Q4 ibcp Accrued Interest Non Performing Loan
AccruedInterestNonPerformingLoan
0
CY2018Q4 ibcp Accrued Interest Non Performing Loan
AccruedInterestNonPerformingLoan
0
CY2018Q4 ibcp Financing Receivable Recorded Investment Non Performing Loans
FinancingReceivableRecordedInvestmentNonPerformingLoans
9034000
CY2017Q4 ibcp Financing Receivable Recorded Investment Non Performing Loans
FinancingReceivableRecordedInvestmentNonPerformingLoans
8184000
CY2017 ibcp Reclassification Of Certain Tax Effects From Accumulated Other Comprehensive Income
ReclassificationOfCertainTaxEffectsFromAccumulatedOtherComprehensiveIncome
-36000
CY2015Q4 ibcp Other Real Estate Acquired
OtherRealEstateAcquired
7070000
CY2016Q4 ibcp Other Real Estate Acquired
OtherRealEstateAcquired
4956000
CY2017Q4 ibcp Other Real Estate Acquired
OtherRealEstateAcquired
1628000
CY2018Q4 ibcp Other Real Estate Acquired
OtherRealEstateAcquired
1178000
CY2018 ibcp Other Real Estate Acquired Disposals
OtherRealEstateAcquiredDisposals
1822000
CY2016 ibcp Other Real Estate Acquired Disposals
OtherRealEstateAcquiredDisposals
3596000
CY2017 ibcp Other Real Estate Acquired Disposals
OtherRealEstateAcquiredDisposals
4737000
CY2017 ibcp Other Real Estate Acquired Valuation Adjustments
OtherRealEstateAcquiredValuationAdjustments
326000
CY2016 ibcp Other Real Estate Acquired Valuation Adjustments
OtherRealEstateAcquiredValuationAdjustments
873000
CY2018 ibcp Other Real Estate Acquired Valuation Adjustments
OtherRealEstateAcquiredValuationAdjustments
138000
CY2018 ibcp Other Real Estate Acquired Additions
OtherRealEstateAcquiredAdditions
1510000
CY2016 ibcp Other Real Estate Acquired Additions
OtherRealEstateAcquiredAdditions
2355000
CY2017 ibcp Other Real Estate Acquired Additions
OtherRealEstateAcquiredAdditions
1735000
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.96

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