2022 Q3 Form 10-Q Financial Statement

#000114036122028284 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $8.524M $38.36M $34.74M
YoY Change -76.23% 14.52% 6.89%
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 $2.606M $2.866M $2.868M
YoY Change -13.13% -7.55% -10.38%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $5.028M $2.303M $1.740M
YoY Change 145.03% 9.35% -21.55%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $21.25M $15.88M $22.07M
YoY Change 8.15% 5.49% -18.68%
Income Tax $3.950M $2.900M $4.100M
% Of Pretax Income 18.59% 18.26% 18.58%
Net Earnings $17.30M $13.00M $17.97M
YoY Change 8.36% 4.95% -18.47%
Net Earnings / Revenue 202.92% 33.89% 51.72%
Basic Earnings Per Share $0.82 $0.62 $0.85
Diluted Earnings Per Share $813.9K $0.61 $0.84
COMMON SHARES
Basic Shares Outstanding 21.06M 21.07M 21.19M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $70.63M $59.49M $109.8M
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 $35.71M $36.15M $43.45M
YoY Change -17.91% -16.9% 18.29%
Goodwill $28.30M $28.30M $28.30M
YoY Change 0.0% 0.0% 0.0%
Intangibles $2.697M $2.871M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4.931B $4.826B $4.762B
YoY Change 6.69% 8.18% 7.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $106.3M $99.97M $92.05M
YoY Change 4.91% 6.35% 28.38%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $106.3M $99.97M $92.05M
YoY Change 4.91% 6.35% 28.38%
LONG-TERM LIABILITIES
Long-Term Debt $79.06M $79.03M $78.99M
YoY Change 0.2% 0.16% 0.24%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $79.06M $79.03M $78.99M
YoY Change 0.2% 0.16% 0.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $106.3M $99.97M $92.05M
Total Long-Term Liabilities $79.06M $79.03M $78.99M
Total Liabilities $4.599B $4.495B $4.407B
YoY Change 8.92% 10.57% 9.1%
SHAREHOLDERS EQUITY
Retained Earnings $108.9M $96.25M
YoY Change
Common Stock $320.4M $319.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $332.3M $331.1M $355.4M
YoY Change
Total Liabilities & Shareholders Equity $4.931B $4.826B $4.762B
YoY Change 6.69% 8.18% 7.58%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $17.30M $13.00M $17.97M
YoY Change 8.36% 4.95% -18.47%
Depreciation, Depletion And Amortization $2.606M $2.866M $2.868M
YoY Change -13.13% -7.55% -10.38%
Cash From Operating Activities $34.24M $22.55M $38.57M
YoY Change -420.03% -28.4% 10.0%
INVESTING ACTIVITIES
Capital Expenditures -$1.003M -$585.0K -$2.381M
YoY Change -28.36% -51.25% -222.29%
Acquisitions
YoY Change
Other Investing Activities -$115.1M -$145.6M -$117.6M
YoY Change 64.47% 66.79% -49.68%
Cash From Investing Activities -$116.1M -$146.2M -$120.0M
YoY Change 62.43% 65.57% -49.1%
FINANCING ACTIVITIES
Cash Dividend Paid $4.667M
YoY Change 1.63%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 93.04M 73.31M 81.81M
YoY Change -32.82% -1766.07% -61.51%
NET CHANGE
Cash From Operating Activities 34.24M 22.55M 38.57M
Cash From Investing Activities -116.1M -146.2M -120.0M
Cash From Financing Activities 93.04M 73.31M 81.81M
Net Change In Cash 11.15M -50.34M 348.0K
YoY Change -80.2% -17.75% -97.05%
FREE CASH FLOW
Cash From Operating Activities $34.24M $22.55M $38.57M
Capital Expenditures -$1.003M -$585.0K -$2.381M
Free Cash Flow $35.25M $23.14M $40.95M
YoY Change -478.99% -29.24% 23.65%

Facts In Submission

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CY2022Q2 ibcp Held To Maturity Government Agency Residential Mortgage Backed Without Single Maturity Date Amortized Cost Basis
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CY2022Q2 ibcp Held To Maturity Government Agency Residential Mortgage Backed Debt Maturities Without Single Maturity Date Fair Value
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CY2022Q2 ibcp Held To Maturity Government Agency Commercial Mortgage Backed Debt Maturities Without Single Maturity Date Fair Value
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us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Recovery
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us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Writeoff
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CY2022Q2 ibcp Held To Maturity Other Asset Mortgage Backed Debt Maturities Without Single Maturity Date Fair Value
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2700000
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3600000
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CY2022Q2 ibcp Allowance For Doubtful Accounts Receivable Charge Offs Due To Tdr
AllowanceForDoubtfulAccountsReceivableChargeOffsDueToTDR
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CY2022Q2 ibcp Allowance For Doubtful Accounts Receivable Charge Offs Due To Tdr
AllowanceForDoubtfulAccountsReceivableChargeOffsDueToTDR
0
CY2022Q2 ibcp Allowance For Doubtful Accounts Receivable Charge Offs Due To Tdr
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CY2021Q2 ibcp Stock Units For Deferred Compensation Plan For Non Employee Directors
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ibcp Stock Units For Deferred Compensation Plan For Non Employee Directors
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ibcp Stock Units For Deferred Compensation Plan For Non Employee Directors
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49000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021Q2 ibcp Weighted Average Number Of Performance Shares Stock
WeightedAverageNumberOfPerformanceSharesStock
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ibcp Weighted Average Number Of Performance Shares Stock
WeightedAverageNumberOfPerformanceSharesStock
23000
ibcp Weighted Average Number Of Performance Shares Stock
WeightedAverageNumberOfPerformanceSharesStock
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CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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21967000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
21334000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.45
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.56
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
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DerivativeFairValueOfDerivativeAsset
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CY2022Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
14997000
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
5961000
ibcp Loans Held For Sale Unrealized Gain Loss
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-2400000
ibcp Servicing Asset Unrealized Gain Loss
ServicingAssetUnrealizedGainLoss
-581000
CY2022Q2 ibcp Collateral Dependent Loans Carrying Amount
CollateralDependentLoansCarryingAmount
1000000.0
CY2022Q2 ibcp Collateral Dependent Loans Valuation Allowance
CollateralDependentLoansValuationAllowance
400000
CY2021Q4 ibcp Collateral Dependent Loans Carrying Amount
CollateralDependentLoansCarryingAmount
1400000
CY2021Q4 ibcp Collateral Dependent Loans Valuation Allowance
CollateralDependentLoansValuationAllowance
600000
CY2022Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000
CY2021Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000
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FiniteLivedIntangibleAssetsGross
11916000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9045000
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FiniteLivedIntangibleAssetsGross
11916000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8580000
CY2022Q2 us-gaap Goodwill
Goodwill
28300000
CY2021Q4 us-gaap Goodwill
Goodwill
28300000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
320000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
547000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
516000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
487000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
460000
CY2022Q2 ibcp Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
541000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2871000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
600000
CY2022Q2 ibcp Shares Issued On Deferral Basis Credited Percentage Of Current Value
SharesIssuedOnDeferralBasisCreditedPercentageOfCurrentValue
0.90
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
3220000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000
CY2022Q2 ibcp Other Real Estate Impaired Net Reserves
OtherRealEstateImpairedNetReserves
0
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2900000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2700000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000000.0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7800000
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-20000.00
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-80000.00
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-70000.00
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-170000
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
200000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
200000
CY2022Q2 ibcp Retained Earnings Accumulated Deficit Subsidiary
RetainedEarningsAccumulatedDeficitSubsidiary
116500000
CY2021Q4 us-gaap Banking Regulation Capital Conservation Buffer Capital Conserved Minimum
BankingRegulationCapitalConservationBufferCapitalConservedMinimum
0.0250
CY2022Q2 us-gaap Banking Regulation Capital Conservation Buffer Capital Conserved Minimum
BankingRegulationCapitalConservationBufferCapitalConservedMinimum
0.0250
ibcp Current Expected Credit Loss Transition Method For Regulatory Purpose
CurrentExpectedCreditLossTransitionMethodForRegulatoryPurpose
P3Y
ibcp Loans Held For Sale Unrealized Gain Loss
LoansHeldForSaleUnrealizedGainLoss
-1806000
ibcp Servicing Asset Unrealized Gain Loss
ServicingAssetUnrealizedGainLoss
9596000
CY2022Q2 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
30000.00
CY2021Q4 ibcp Other Real Estate Impaired Net Reserves
OtherRealEstateImpairedNetReserves
0
CY2021Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
30000.00
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2022Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
31400000
CY2022Q2 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
-755000
CY2022Q2 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
32155000
CY2021Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
55470000
CY2021Q4 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
1051000
CY2021Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
54419000
CY2022Q2 ibcp Reciprocal Deposits Included In Deposits With No Stated Maturity
ReciprocalDepositsIncludedInDepositsWithNoStatedMaturity
585376000
CY2021Q4 ibcp Reciprocal Deposits Included In Deposits With No Stated Maturity
ReciprocalDepositsIncludedInDepositsWithNoStatedMaturity
562210000
CY2022Q2 ibcp Reciprocal Deposits Included In Deposits With Stated Maturity
ReciprocalDepositsIncludedInDepositsWithStatedMaturity
29828000
CY2021Q4 ibcp Reciprocal Deposits Included In Deposits With Stated Maturity
ReciprocalDepositsIncludedInDepositsWithStatedMaturity
24416000
CY2022Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
400000000
CY2022Q2 ibcp Concentration Risk Loans And Lease Receivable Percentage
ConcentrationRiskLoansAndLeaseReceivablePercentage
0.123
CY2022Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-30317000
CY2022Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
272000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-30589000
CY2021Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
4078000
CY2021Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
0
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4078000
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-85287000
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
217000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-85504000
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-2727000
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-1119000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1608000
CY2022Q2 ibcp Percentage Of Revenue Excluded From Asu201409
PercentageOfRevenueExcludedFromASU201409
0.834
CY2021Q2 ibcp Percentage Of Revenue Excluded From Asu201409
PercentageOfRevenueExcludedFromASU201409
0.866
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2021Q2 ibcp Number Of Real Estate Assets Sold
NumberOfRealEstateAssetsSold
0
CY2022Q2 ibcp Number Of Real Estate Assets Sold
NumberOfRealEstateAssetsSold
0
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7825000
CY2022Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
105000
CY2022Q2 ibcp Noninterest Income Other Operating Income Other
NoninterestIncomeOtherOperatingIncomeOther
1632000
CY2022Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
3044000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6867000
CY2021Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
127000
CY2021Q2 ibcp Noninterest Income Other Operating Income Other
NoninterestIncomeOtherOperatingIncomeOther
648000
CY2021Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1871000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15224000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
243000
ibcp Noninterest Income Other Operating Income Other
NoninterestIncomeOtherOperatingIncomeOther
2497000
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
5407000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12976000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
266000
ibcp Noninterest Income Other Operating Income Other
NoninterestIncomeOtherOperatingIncomeOther
1395000
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
3901000
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
408000
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
412000
us-gaap Operating Lease Cost
OperatingLeaseCost
823000
us-gaap Operating Lease Cost
OperatingLeaseCost
835000
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
25000
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
15000
us-gaap Variable Lease Cost
VariableLeaseCost
41000
us-gaap Variable Lease Cost
VariableLeaseCost
31000
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
19000
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
16000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
37000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
30000
CY2022Q2 us-gaap Lease Cost
LeaseCost
452000
CY2021Q2 us-gaap Lease Cost
LeaseCost
443000
us-gaap Lease Cost
LeaseCost
896000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5959000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6481000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6062000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6602000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M21D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y6M
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.023
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.023
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
789000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1400000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
871000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
865000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
801000
CY2022Q2 ibcp Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1826000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6552000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
490000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6062000

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