$IBCP
INDEPENDENT BANK CORP /MI/

2021 Q1 Form 10-Q Financial Statement

#000114036121016129 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $32.50M $35.58M
YoY Change -8.65% -2.89%
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 $3.200M $1.800M
YoY Change 77.78% 20.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.218M $5.388M
YoY Change -58.83% -15.72%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $27.14M $5.755M
YoY Change 371.64% -50.16%
Income Tax $5.100M $900.0K
% Of Pretax Income 18.79% 15.64%
Net Earnings $22.04M $4.810M
YoY Change 358.15% -48.73%
Net Earnings / Revenue 67.8% 13.52%
Basic Earnings Per Share $1.01 $0.22
Diluted Earnings Per Share $1.00 $0.21
COMMON SHARES
Basic Shares Outstanding 21.83M 22.27M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $130.5M $70.29M
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 $36.74M $37.78M
YoY Change -2.75% -0.59%
Goodwill $28.30M $28.30M
YoY Change 0.0%
Intangibles $4.063M $5.071M
YoY Change -19.88%
Long-Term Investments
YoY Change
Other Assets $4.300M
YoY Change 48.28%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4.426B $3.632B
YoY Change 21.86% 7.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $71.70M $71.80M
YoY Change -0.14% 81.77%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $71.70M $71.80M
YoY Change -0.14% 81.77%
LONG-TERM LIABILITIES
Long-Term Debt $78.80M $39.50M
YoY Change 99.49% 0.25%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $78.80M $39.50M
YoY Change 99.49% 0.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.70M $71.80M
Total Long-Term Liabilities $78.80M $39.50M
Total Liabilities $4.039B $3.297B
YoY Change 22.52% 8.49%
SHAREHOLDERS EQUITY
Retained Earnings $47.29M $1.944M
YoY Change 2332.46%
Common Stock $335.7M $338.5M
YoY Change -0.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $387.3M $335.6M
YoY Change
Total Liabilities & Shareholders Equity $4.426B $362.4M
YoY Change 1121.47% -89.29%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $22.04M $4.810M
YoY Change 358.15% -48.73%
Depreciation, Depletion And Amortization $3.200M $1.800M
YoY Change 77.78% 20.0%
Cash From Operating Activities $35.07M $22.28M
YoY Change 57.37% 119.94%
INVESTING ACTIVITIES
Capital Expenditures $1.947M $760.0K
YoY Change 156.18% 48.73%
Acquisitions
YoY Change
Other Investing Activities -$233.8M -$57.80M
YoY Change 304.5% 166.36%
Cash From Investing Activities -$235.8M -$58.59M
YoY Change 302.46% 164.02%
FINANCING ACTIVITIES
Cash Dividend Paid $4.592M $4.477M
YoY Change 2.57% 5.44%
Common Stock Issuance & Retirement, Net $3.582M $13.77M
YoY Change -73.99% 512.68%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 212.5M 41.29M
YoY Change 414.69% 207.26%
NET CHANGE
Cash From Operating Activities 35.07M 22.28M
Cash From Investing Activities -235.8M -58.59M
Cash From Financing Activities 212.5M 41.29M
Net Change In Cash 11.80M 4.987M
YoY Change 136.66% 261.64%
FREE CASH FLOW
Cash From Operating Activities $35.07M $22.28M
Capital Expenditures $1.947M $760.0K
Free Cash Flow $33.12M $21.52M
YoY Change 53.88% 123.72%

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CY2021Q1 us-gaap Debt Securities Available For Sale Change In Present Value Expense Reversal
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CY2021Q1 ibcp Financing Receivable Nonaccrual With Allowance For Credit Loss
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5930000
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CY2021Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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0
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1058000
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5581000
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359000
CY2020Q1 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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1721000
CY2020Q1 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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8000
CY2020Q1 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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57880000
CY2020Q1 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
878000
CY2020Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
59601000
CY2020Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
886000
CY2021Q1 ibcp Troubled Debt Restructuring
TroubledDebtRestructuring
42275000
CY2020Q4 ibcp Troubled Debt Restructuring
TroubledDebtRestructuring
47073000
CY2021Q1 ibcp Number Of Consecutive Timely Payments Required
NumberOfConsecutiveTimelyPaymentsRequired
6
CY2021Q1 ibcp Troubled Debt Restructuring Loans And Leases Receivable Specific Allowance
TroubledDebtRestructuringLoansAndLeasesReceivableSpecificAllowance
4600000
CY2020Q4 ibcp Troubled Debt Restructuring Loans And Leases Receivable Specific Allowance
TroubledDebtRestructuringLoansAndLeasesReceivableSpecificAllowance
4800000
CY2021Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2021Q1 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
0
CY2021Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
0
CY2020Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
7
CY2020Q1 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1417000
CY2020Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1422000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
0
CY2021Q1 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
0
CY2020Q1 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
270000
CY2020Q1 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
0
CY2021Q1 ibcp Allowance For Doubtful Accounts Receivable Charge Offs Due To Tdr
AllowanceForDoubtfulAccountsReceivableChargeOffsDueToTDR
0
CY2020Q1 ibcp Allowance For Doubtful Accounts Receivable Charge Offs Due To Tdr
AllowanceForDoubtfulAccountsReceivableChargeOffsDueToTDR
0
CY2021Q1 ibcp Past Due Period For Modified Loans
PastDuePeriodForModifiedLoans
P90D
CY2021Q1 ibcp Loan Modification Term Of Interest Only Period
LoanModificationTermOfInterestOnlyPeriod
P3M
CY2021Q1 ibcp Loan Modification Term Of Suspended Payments
LoanModificationTermOfSuspendedPayments
P3M
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
2784224000
CY2021Q1 ibcp Financing Receivable Modifications By Other Than Troubled Debt Restructuring Percentage Of Loans Modified
FinancingReceivableModificationsByOtherThanTroubledDebtRestructuringPercentageOfLoansModified
0.006
CY2021Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
300000
CY2020Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
700000
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MortgageLoansInProcessOfForeclosureAmount
300000
CY2020Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
300000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
22037000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
4810000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21826000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22271000
CY2021Q1 ibcp Stock Units For Deferred Compensation Plan For Non Employee Directors
StockUnitsForDeferredCompensationPlanForNonEmployeeDirectors
120000
CY2020Q1 ibcp Stock Units For Deferred Compensation Plan For Non Employee Directors
StockUnitsForDeferredCompensationPlanForNonEmployeeDirectors
122000
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
83000
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
99000
CY2021Q1 ibcp Weighted Average Number Of Performance Shares Stock
WeightedAverageNumberOfPerformanceSharesStock
30000
CY2020Q1 ibcp Weighted Average Number Of Performance Shares Stock
WeightedAverageNumberOfPerformanceSharesStock
37000
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
22059000
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
22529000
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.01
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
15766000
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
16782000
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
7365000
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
11754000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
400000
CY2021Q1 ibcp Shares Issued On Deferral Basis Credited Percentage Of Current Value
SharesIssuedOnDeferralBasisCreditedPercentageOfCurrentValue
0.90
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
3200000
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11916000
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7853000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11916000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7610000
CY2021Q1 us-gaap Goodwill
Goodwill
28300000
CY2020Q4 us-gaap Goodwill
Goodwill
28300000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
727000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
785000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
547000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
516000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
487000
CY2021Q1 ibcp Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
1001000
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4063000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5100000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
900000
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-100000
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-200000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
200000
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
200000
CY2021Q1 ibcp Retained Earnings Accumulated Deficit Subsidiary
RetainedEarningsAccumulatedDeficitSubsidiary
81600000
CY2021Q1 us-gaap Banking Regulation Capital Conservation Buffer Capital Conserved Minimum
BankingRegulationCapitalConservationBufferCapitalConservedMinimum
0.0250
CY2020Q4 us-gaap Banking Regulation Capital Conservation Buffer Capital Conserved Minimum
BankingRegulationCapitalConservationBufferCapitalConservedMinimum
0.0250
CY2021Q1 ibcp Current Expected Credit Loss Transition Method For Regulatory Purpose
CurrentExpectedCreditLossTransitionMethodForRegulatoryPurpose
P3Y
CY2021Q1 ibcp Loans Held For Sale Unrealized Gain Loss
LoansHeldForSaleUnrealizedGainLoss
-2598000
CY2021Q1 ibcp Servicing Asset Unrealized Gain Loss
ServicingAssetUnrealizedGainLoss
3257000
CY2020Q1 ibcp Loans Held For Sale Unrealized Gain Loss
LoansHeldForSaleUnrealizedGainLoss
523000
CY2020Q1 ibcp Servicing Asset Unrealized Gain Loss
ServicingAssetUnrealizedGainLoss
-6974000
CY2021Q1 ibcp Collateral Dependent Loans Carrying Amount
CollateralDependentLoansCarryingAmount
2900000
CY2021Q1 ibcp Collateral Dependent Loans Valuation Allowance
CollateralDependentLoansValuationAllowance
1500000
CY2020Q4 ibcp Collateral Dependent Loans Carrying Amount
CollateralDependentLoansCarryingAmount
9100000
CY2020Q4 ibcp Collateral Dependent Loans Valuation Allowance
CollateralDependentLoansValuationAllowance
1800000
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2400000
CY2021Q1 ibcp Other Real Estate Impaired Net Reserves
OtherRealEstateImpairedNetReserves
0
CY2021Q1 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
60000.00
CY2020Q4 ibcp Other Real Estate Impaired Net Reserves
OtherRealEstateImpairedNetReserves
100000
CY2020Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
90000.00
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
90000.00
CY2021Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
77799000
CY2021Q1 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
1258000
CY2021Q1 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
76541000
CY2020Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
92434000
CY2020Q4 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
3856000
CY2020Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
88578000
CY2021Q1 ibcp Reciprocal Deposits Included In Deposits With No Stated Maturity
ReciprocalDepositsIncludedInDepositsWithNoStatedMaturity
572258000
CY2020Q4 ibcp Reciprocal Deposits Included In Deposits With No Stated Maturity
ReciprocalDepositsIncludedInDepositsWithNoStatedMaturity
518400000
CY2021Q1 ibcp Reciprocal Deposits Included In Deposits With Stated Maturity
ReciprocalDepositsIncludedInDepositsWithStatedMaturity
36431000
CY2020Q4 ibcp Reciprocal Deposits Included In Deposits With Stated Maturity
ReciprocalDepositsIncludedInDepositsWithStatedMaturity
37785000
CY2021Q1 ibcp Provision For Loss Reimbursement On Sold Loans
ProvisionForLossReimbursementOnSoldLoans
40000.00
CY2020Q1 ibcp Provision For Loss Reimbursement On Sold Loans
ProvisionForLossReimbursementOnSoldLoans
40000.00
CY2021Q1 ibcp Reserve For Loss Reimbursement On Sold Loans
ReserveForLossReimbursementOnSoldLoans
1050000.00
CY2020Q4 ibcp Reserve For Loss Reimbursement On Sold Loans
ReserveForLossReimbursementOnSoldLoans
1020000.00
CY2021Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-6805000
CY2021Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-1119000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5686000
CY2020Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-927000
CY2020Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
141000
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1068000
CY2021Q1 ibcp Percentage Of Revenue Excluded From Asu201409
PercentageOfRevenueExcludedFromASU201409
0.884
CY2020Q1 ibcp Percentage Of Revenue Excluded From Asu201409
PercentageOfRevenueExcludedFromASU201409
0.851
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2021Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2021Q1 ibcp Number Of Real Estate Assets Sold
NumberOfRealEstateAssetsSold
0
CY2020Q1 ibcp Number Of Real Estate Assets Sold
NumberOfRealEstateAssetsSold
0
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6110000
CY2021Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
139000
CY2021Q1 ibcp Noninterest Income Other Operating Income Other
NoninterestIncomeOtherOperatingIncomeOther
746000
CY2021Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
2030000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6194000
CY2020Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
270000
CY2020Q1 ibcp Noninterest Income Other Operating Income Other
NoninterestIncomeOtherOperatingIncomeOther
747000
CY2020Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
2163000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
423000
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
486000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
16000
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
15000
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
14000
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
7000
CY2021Q1 us-gaap Lease Cost
LeaseCost
453000
CY2020Q1 us-gaap Lease Cost
LeaseCost
508000
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
7868000
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7268000
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7646000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
7478000
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y1M13D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.024
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.024
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1230000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1489000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1222000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
815000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
809000
CY2021Q1 ibcp Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
2529000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8094000
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
616000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
7478000

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