2020 Q3 Form 10-Q Financial Statement

#000114036120024610 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $35.03M $37.81M
YoY Change -7.34% 9.75%
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 $1.900M $1.500M
YoY Change 26.67% 7.14%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $3.068M $6.939M
YoY Change -55.79% 45.93%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $24.36M $15.57M
YoY Change 56.46% 4.88%
Income Tax $4.800M $3.100M
% Of Pretax Income 19.7% 19.91%
Net Earnings $19.58M $12.45M
YoY Change 57.36% 4.36%
Net Earnings / Revenue 55.9% 32.91%
Basic Earnings Per Share $0.90 $0.55
Diluted Earnings Per Share $0.89 $0.55
COMMON SHARES
Basic Shares Outstanding 21.88M 22.49M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $82.42M
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 $43.30M $37.42M
YoY Change 15.7% -4.04%
Goodwill $28.30M $28.30M
YoY Change 0.0%
Intangibles $5.598M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.600M $2.800M
YoY Change -42.86% -66.67%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4.169B $3.551B
YoY Change 17.41% 7.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $89.30M $54.90M
YoY Change 62.66% 60.53%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $89.30M $54.90M
YoY Change 62.66% 60.53%
LONG-TERM LIABILITIES
Long-Term Debt $78.80M $39.40M
YoY Change 100.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $78.80M $39.40M
YoY Change 100.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $89.30M $54.90M
Total Long-Term Liabilities $78.80M $39.40M
Total Liabilities $3.796B $3.211B
YoY Change 18.23% 8.76%
SHAREHOLDERS EQUITY
Retained Earnings -$8.221M
YoY Change
Common Stock $351.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $373.1M $340.2M
YoY Change
Total Liabilities & Shareholders Equity $4.169B $3.551B
YoY Change 17.41% 7.7%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $19.58M $12.45M
YoY Change 57.36% 4.36%
Depreciation, Depletion And Amortization $1.900M $1.500M
YoY Change 26.67% 7.14%
Cash From Operating Activities -$5.800M -$7.800M
YoY Change -25.64% -206.85%
INVESTING ACTIVITIES
Capital Expenditures -$900.0K -$1.100M
YoY Change -18.18% 37.5%
Acquisitions
YoY Change
Other Investing Activities -$90.70M -$55.50M
YoY Change 63.42% -15.53%
Cash From Investing Activities -$91.70M -$56.50M
YoY Change 62.3% -15.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 88.10M 91.70M
YoY Change -3.93% 71.08%
NET CHANGE
Cash From Operating Activities -5.800M -7.800M
Cash From Investing Activities -91.70M -56.50M
Cash From Financing Activities 88.10M 91.70M
Net Change In Cash -9.400M 27.40M
YoY Change -134.31% -589.29%
FREE CASH FLOW
Cash From Operating Activities -$5.800M -$7.800M
Capital Expenditures -$900.0K -$1.100M
Free Cash Flow -$4.900M -$6.700M
YoY Change -26.87% -182.72%

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CY2020Q3 ibcp Troubled Debt Restructuring Allowances Based On Collateral
TroubledDebtRestructuringAllowancesBasedOnCollateral
9412000
CY2019Q4 ibcp Troubled Debt Restructuring Allowances Based On Collateral
TroubledDebtRestructuringAllowancesBasedOnCollateral
1587000
CY2020Q3 ibcp Troubled Debt Restructuring Allowances Based On Present Value Cash Flow
TroubledDebtRestructuringAllowancesBasedOnPresentValueCashFlow
38934000
CY2019Q4 ibcp Troubled Debt Restructuring Allowances Based On Present Value Cash Flow
TroubledDebtRestructuringAllowancesBasedOnPresentValueCashFlow
48798000
CY2020Q3 ibcp Non Troubled Debt Restructuring Allowance Based On Collateral
NonTroubledDebtRestructuringAllowanceBasedOnCollateral
2963000
CY2019Q4 ibcp Non Troubled Debt Restructuring Allowance Based On Collateral
NonTroubledDebtRestructuringAllowanceBasedOnCollateral
3365000
CY2020Q3 ibcp Impaired Financing Receivables
ImpairedFinancingReceivables
53207000
CY2019Q4 ibcp Impaired Financing Receivables
ImpairedFinancingReceivables
55637000
CY2020Q3 ibcp Troubled Debt Restructuring Allowance Based On Collateral
TroubledDebtRestructuringAllowanceBasedOnCollateral
1104000
CY2020Q3 ibcp Troubled Debt Restructuring Allowance Based On Present Value Cash Flow
TroubledDebtRestructuringAllowanceBasedOnPresentValueCashFlow
3838000
CY2019Q4 ibcp Troubled Debt Restructuring Allowance Based On Present Value Cash Flow
TroubledDebtRestructuringAllowanceBasedOnPresentValueCashFlow
4641000
CY2020Q3 ibcp Non Troubled Debt Restructuring Allowances Based On Collateral
NonTroubledDebtRestructuringAllowancesBasedOnCollateral
1196000
CY2019Q4 ibcp Non Troubled Debt Restructuring Allowances Based On Collateral
NonTroubledDebtRestructuringAllowancesBasedOnCollateral
972000
CY2020Q3 ibcp Allowance For Loan Losses Allocated
AllowanceForLoanLossesAllocated
6138000
CY2019Q4 ibcp Allowance For Loan Losses Allocated
AllowanceForLoanLossesAllocated
6155000
CY2019Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
54515000
CY2019Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
753000
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
1790000
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
13000
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
529000
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
15000
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
57198000
us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
2334000
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
55786000
CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
1898000
CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
2366000
CY2020Q3 ibcp Impaired Financing Receivable Related Allowance With No Related Allowance
ImpairedFinancingReceivableRelatedAllowanceWithNoRelatedAllowance
0
CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
1887000
CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
2115000
CY2019Q4 ibcp Impaired Financing Receivable Related Allowance With No Related Allowance
ImpairedFinancingReceivableRelatedAllowanceWithNoRelatedAllowance
0
CY2020Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
51622000
CY2020Q3 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
53416000
CY2020Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
6138000
CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
54005000
CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
56708000
CY2019Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
6155000
CY2020Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
53520000
CY2020Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
55782000
CY2020Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
6138000
CY2019Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
55892000
CY2019Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
58823000
CY2019Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
6155000
CY2020Q3 ibcp Accrued Interest Impaired Loans
AccruedInterestImpairedLoans
313000
CY2019Q4 ibcp Accrued Interest Impaired Loans
AccruedInterestImpairedLoans
255000
CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
1862000
CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
4000
CY2019Q3 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
879000
CY2019Q3 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
13000
CY2020Q3 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
56522000
CY2020Q3 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
670000
CY2019Q3 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
53636000
CY2019Q3 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
740000
CY2020Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
58384000
CY2020Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
674000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
58988000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
2347000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
56315000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
2228000
CY2020Q3 ibcp Troubled Debt Restructuring
TroubledDebtRestructuring
48682000
CY2020Q3 ibcp Troubled Debt Restructuring Loans And Leases Receivable Specific Allowance
TroubledDebtRestructuringLoansAndLeasesReceivableSpecificAllowance
4900000
CY2019Q4 ibcp Troubled Debt Restructuring Loans And Leases Receivable Specific Allowance
TroubledDebtRestructuringLoansAndLeasesReceivableSpecificAllowance
5200000
CY2020Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
3
CY2020Q3 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
163000
CY2020Q3 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
168000
CY2019Q4 ibcp Troubled Debt Restructuring
TroubledDebtRestructuring
50722000
ibcp Number Of Consecutive Timely Payments Required
NumberOfConsecutiveTimelyPaymentsRequired
6
CY2019Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
7
CY2019Q3 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
438000
CY2019Q3 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
442000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
20
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
8622000
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
8637000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
18
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
2763000
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
2769000
CY2020Q3 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
-1440000
CY2020Q3 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
0
us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
90000.00
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
0
CY2019Q3 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
40000.00
CY2019Q3 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
0
us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
90000.00
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
0
ibcp Allowance For Doubtful Accounts Receivable Charge Offs Due To Tdr
AllowanceForDoubtfulAccountsReceivableChargeOffsDueToTDR
0
CY2019Q3 ibcp Allowance For Doubtful Accounts Receivable Charge Offs Due To Tdr
AllowanceForDoubtfulAccountsReceivableChargeOffsDueToTDR
0
ibcp Allowance For Doubtful Accounts Receivable Charge Offs Due To Tdr
AllowanceForDoubtfulAccountsReceivableChargeOffsDueToTDR
0
CY2020Q3 ibcp Allowance For Doubtful Accounts Receivable Charge Offs Due To Tdr
AllowanceForDoubtfulAccountsReceivableChargeOffsDueToTDR
0
ibcp Past Due Period For Modified Loans
PastDuePeriodForModifiedLoans
P90D
ibcp Loan Modification Term Of Interest Only Period
LoanModificationTermOfInterestOnlyPeriod
P3M
ibcp Loan Modification Term Of Suspended Payments
LoanModificationTermOfSuspendedPayments
P3M
CY2020Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2855479000
ibcp Financing Receivable Modifications By Other Than Troubled Debt Restructuring Percentage Of Loans Modified
FinancingReceivableModificationsByOtherThanTroubledDebtRestructuringPercentageOfLoansModified
0.021
CY2020Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1000000.0
CY2019Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1200000
CY2020Q3 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
40000.00
CY2019Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
700000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
19584000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
12445000
us-gaap Net Income Loss
NetIncomeLoss
39166000
us-gaap Net Income Loss
NetIncomeLoss
32556000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21881000
ibcp Stock Units For Deferred Compensation Plan For Non Employee Directors
StockUnitsForDeferredCompensationPlanForNonEmployeeDirectors
131000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
547000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22014000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23033000
CY2020Q3 ibcp Stock Units For Deferred Compensation Plan For Non Employee Directors
StockUnitsForDeferredCompensationPlanForNonEmployeeDirectors
117000
CY2019Q3 ibcp Stock Units For Deferred Compensation Plan For Non Employee Directors
StockUnitsForDeferredCompensationPlanForNonEmployeeDirectors
132000
ibcp Stock Units For Deferred Compensation Plan For Non Employee Directors
StockUnitsForDeferredCompensationPlanForNonEmployeeDirectors
119000
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
85000
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
110000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
90000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
116000
CY2020Q3 ibcp Weighted Average Number Of Performance Shares Stock
WeightedAverageNumberOfPerformanceSharesStock
32000
CY2019Q3 ibcp Weighted Average Number Of Performance Shares Stock
WeightedAverageNumberOfPerformanceSharesStock
42000
ibcp Weighted Average Number Of Performance Shares Stock
WeightedAverageNumberOfPerformanceSharesStock
33000
ibcp Weighted Average Number Of Performance Shares Stock
WeightedAverageNumberOfPerformanceSharesStock
39000
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
22115000
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
22770000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
22256000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
23319000
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.90
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.78
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.41
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.76
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.40
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-1100000
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
19202000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
5464000
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
12690000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
4402000
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11916000
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7355000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11916000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6590000
CY2020Q3 us-gaap Goodwill
Goodwill
28300000
CY2019Q4 us-gaap Goodwill
Goodwill
28300000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
255000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
970000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
785000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
516000
CY2020Q3 ibcp Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
1488000
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4561000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
400000
CY2020Q3 ibcp Shares Issued On Deferral Basis Credited Percentage Of Current Value
SharesIssuedOnDeferralBasisCreditedPercentageOfCurrentValue
0.90
CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2100000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M18D
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4800000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3100000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9200000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000000.0
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-10000.00
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
190000
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
10000.00
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
180000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
400000
CY2020Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
400000
CY2020Q3 ibcp Retained Earnings Accumulated Deficit Subsidiary
RetainedEarningsAccumulatedDeficitSubsidiary
68300000
CY2019Q4 us-gaap Banking Regulation Capital Conservation Buffer Capital Conserved Minimum
BankingRegulationCapitalConservationBufferCapitalConservedMinimum
0.0250
CY2020Q3 us-gaap Banking Regulation Capital Conservation Buffer Capital Conserved Minimum
BankingRegulationCapitalConservationBufferCapitalConservedMinimum
0.0250
ibcp Loans Held For Sale Unrealized Gain Loss
LoansHeldForSaleUnrealizedGainLoss
2081000
ibcp Servicing Asset Unrealized Gain Loss
ServicingAssetUnrealizedGainLoss
-14028000
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
167000
ibcp Loans Held For Sale Unrealized Gain Loss
LoansHeldForSaleUnrealizedGainLoss
822000
ibcp Servicing Asset Unrealized Gain Loss
ServicingAssetUnrealizedGainLoss
-9258000
CY2020Q3 ibcp Collateral Dependent Loans Carrying Amount
CollateralDependentLoansCarryingAmount
10100000
CY2020Q3 ibcp Collateral Dependent Loans Valuation Allowance
CollateralDependentLoansValuationAllowance
2300000
CY2019Q4 ibcp Collateral Dependent Loans Carrying Amount
CollateralDependentLoansCarryingAmount
3400000
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6713000
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8282000
CY2019Q4 ibcp Collateral Dependent Loans Valuation Allowance
CollateralDependentLoansValuationAllowance
1500000
CY2020Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000
CY2019Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
500000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1100000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
800000
CY2020Q3 ibcp Other Real Estate Impaired Net Reserves
OtherRealEstateImpairedNetReserves
470000
CY2020Q3 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
150000
CY2019Q4 ibcp Other Real Estate Impaired Net Reserves
OtherRealEstateImpairedNetReserves
60000.00
CY2019Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
90000.00
CY2020Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
us-gaap Asset Impairment Charges
AssetImpairmentCharges
90000.00
CY2019Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
70000.00
us-gaap Asset Impairment Charges
AssetImpairmentCharges
80000.00
CY2020Q3 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
99747000
CY2020Q3 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
3975000
CY2020Q3 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
95772000
CY2019Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
69800000
CY2019Q4 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
1894000
CY2019Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
67906000
CY2020Q3 ibcp Reciprocal Deposits Included In Deposits With No Stated Maturity
ReciprocalDepositsIncludedInDepositsWithNoStatedMaturity
521106000
CY2019Q4 ibcp Reciprocal Deposits Included In Deposits With No Stated Maturity
ReciprocalDepositsIncludedInDepositsWithNoStatedMaturity
388369000
CY2020Q3 ibcp Reciprocal Deposits Included In Deposits With Stated Maturity
ReciprocalDepositsIncludedInDepositsWithStatedMaturity
36445000
CY2019Q4 ibcp Reciprocal Deposits Included In Deposits With Stated Maturity
ReciprocalDepositsIncludedInDepositsWithStatedMaturity
42658000
CY2020Q3 ibcp Provision For Loss Reimbursement On Sold Loans
ProvisionForLossReimbursementOnSoldLoans
50000.00
CY2019Q3 ibcp Provision For Loss Reimbursement On Sold Loans
ProvisionForLossReimbursementOnSoldLoans
30000.00
ibcp Provision For Loss Reimbursement On Sold Loans
ProvisionForLossReimbursementOnSoldLoans
160000
ibcp Provision For Loss Reimbursement On Sold Loans
ProvisionForLossReimbursementOnSoldLoans
180000
CY2020Q3 ibcp Reserve For Loss Reimbursement On Sold Loans
ReserveForLossReimbursementOnSoldLoans
980000
CY2019Q4 ibcp Reserve For Loss Reimbursement On Sold Loans
ReserveForLossReimbursementOnSoldLoans
880000
CY2020Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
2105000
CY2020Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-245000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2350000
CY2019Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
1138000
CY2019Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
80000
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1058000
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
9622000
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-310000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9932000
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
7153000
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
418000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6735000
CY2020Q3 ibcp Percentage Of Revenue Excluded From Asu201409
PercentageOfRevenueExcludedFromASU201409
0.879
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
6945000
CY2019Q3 ibcp Percentage Of Revenue Excluded From Asu201409
PercentageOfRevenueExcludedFromASU201409
0.847
CY2020Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
ibcp Number Of Real Estate Assets Sold
NumberOfRealEstateAssetsSold
0
ibcp Number Of Real Estate Assets Sold
NumberOfRealEstateAssetsSold
0
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6643000
CY2020Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
215000
CY2020Q3 ibcp Noninterest Income Other Operating Income Other
NoninterestIncomeOtherOperatingIncomeOther
592000
CY2020Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1937000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6831000
CY2019Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
301000
CY2019Q3 ibcp Noninterest Income Other Operating Income Other
NoninterestIncomeOtherOperatingIncomeOther
1028000
CY2019Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
2492000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17931000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
750000
ibcp Noninterest Income Other Operating Income Other
NoninterestIncomeOtherOperatingIncomeOther
1727000
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
5698000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19343000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
813000
ibcp Noninterest Income Other Operating Income Other
NoninterestIncomeOtherOperatingIncomeOther
2773000
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
6862000
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
395000
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
565000
us-gaap Operating Lease Cost
OperatingLeaseCost
1357000
us-gaap Operating Lease Cost
OperatingLeaseCost
1692000
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
16000
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
43000
us-gaap Variable Lease Cost
VariableLeaseCost
52000
us-gaap Variable Lease Cost
VariableLeaseCost
115000
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
10000
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
26000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
14000
CY2020Q3 us-gaap Lease Cost
LeaseCost
421000
CY2019Q3 us-gaap Lease Cost
LeaseCost
612000
us-gaap Lease Cost
LeaseCost
1435000
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M2D
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y5M19D
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
8304000
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.026
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.028
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
408000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1505000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1324000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1101000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
692000
CY2020Q3 ibcp Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
2576000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7606000
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
661000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
6945000

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