$IBCP
INDEPENDENT BANK CORP /MI/

2013 Form 10-K Financial Statement

#000156761916001959 Filed on March 07, 2016

View on sec.gov

Income Statement

Concept 2013
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
YoY Change
% 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 $22.70M
YoY Change -13.36%
Income Tax -$54.90M
% Of Pretax Income -241.85%
Net Earnings $77.50M
YoY Change 195.8%
Net Earnings / Revenue
Basic Earnings Per Share $5.87
Diluted Earnings Per Share $3.539M
COMMON SHARES
Basic Shares Outstanding 13.97M
Diluted Shares Outstanding

Balance Sheet

Concept 2013
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 $48.60M
YoY Change 3.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $57.60M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.210B
YoY Change 9.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.100M
YoY Change -46.75%
Accrued Expenses $31.60M
YoY Change -6.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.70M
YoY Change -13.98%
LONG-TERM LIABILITIES
Long-Term Debt $40.70M
YoY Change -18.92%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $40.70M
YoY Change -18.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.70M
Total Long-Term Liabilities $40.70M
Total Liabilities $1.978B
YoY Change 4.74%
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 $231.6M
YoY Change
Total Liabilities & Shareholders Equity $2.210B
YoY Change 9.19%

Cashflow Statement

Concept 2013
OPERATING ACTIVITIES
Net Income $77.50M
YoY Change 195.8%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $52.10M
YoY Change 77.21%
INVESTING ACTIVITIES
Capital Expenditures -$8.400M
YoY Change 58.49%
Acquisitions
YoY Change
Other Investing Activities -$212.7M
YoY Change -20.81%
Cash From Investing Activities -$221.1M
YoY Change -19.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 108.3M
YoY Change 30.17%
NET CHANGE
Cash From Operating Activities 52.10M
Cash From Investing Activities -221.1M
Cash From Financing Activities 108.3M
Net Change In Cash -60.70M
YoY Change -62.37%
FREE CASH FLOW
Cash From Operating Activities $52.10M
Capital Expenditures -$8.400M
Free Cash Flow $60.50M
YoY Change 74.35%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
CY2014 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
4565000
CY2014Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
113166000
CY2014Q4 ibcp Time Deposits250000 Or More
TimeDeposits250000OrMore
42800000
CY2015 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
3835000
CY2014 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
329000
CY2013 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
15000
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.87
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
103514000
CY2014 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
12225000
CY2015 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
7628000
CY2013 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
16800000
CY2015Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
3744000
CY2014Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
10836000
CY2015Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
10983000
CY2014Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
13233000
CY2014 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
119917000
CY2015 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
104646000
CY2013 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
139000000
CY2015Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
90182000
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
108211000
CY2015Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
89131000
CY2014Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
9652000
CY2015Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
2727000
CY2013 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
1020000
CY2015 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
739000
CY2014 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
469000
CY2015Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
93926000
CY2014Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
119047000
CY2013 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
5866000
CY2015 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
4574000
CY2014 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
5034000
CY2015 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
97018000
CY2014 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
107692000
CY2013 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
122200000
CY2013 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
4846000
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22716000
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22927000
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13970000
CY2013 ibcp Other Real Estate Acquired Additions
OtherRealEstateAcquiredAdditions
6932000
CY2014 ibcp Other Real Estate Acquired Additions
OtherRealEstateAcquiredAdditions
6143000
CY2015 ibcp Other Real Estate Acquired Additions
OtherRealEstateAcquiredAdditions
6694000
CY2014 ibcp Other Real Estate Acquired Disposals
OtherRealEstateAcquiredDisposals
-17198000
CY2013 ibcp Other Real Estate Acquired Disposals
OtherRealEstateAcquiredDisposals
-11994000
CY2015 ibcp Other Real Estate Acquired Disposals
OtherRealEstateAcquiredDisposals
-5502000
CY2013 ibcp Other Real Estate Acquired Valuation Adjustments
OtherRealEstateAcquiredValuationAdjustments
-2598000
CY2014 ibcp Other Real Estate Acquired Valuation Adjustments
OtherRealEstateAcquiredValuationAdjustments
-663000
CY2015 ibcp Other Real Estate Acquired Valuation Adjustments
OtherRealEstateAcquiredValuationAdjustments
-492000
CY2013Q4 ibcp Other Real Estate Acquired
OtherRealEstateAcquired
18088000
CY2014Q4 ibcp Other Real Estate Acquired
OtherRealEstateAcquired
6370000
CY2012Q4 ibcp Other Real Estate Acquired
OtherRealEstateAcquired
25748000
CY2015Q4 ibcp Other Real Estate Acquired
OtherRealEstateAcquired
7070000
CY2014Q4 ibcp Impaired Financing Receivable Related Allowance With No Related Allowance
ImpairedFinancingReceivableRelatedAllowanceWithNoRelatedAllowance
0
CY2015Q4 ibcp Impaired Financing Receivable Related Allowance With No Related Allowance
ImpairedFinancingReceivableRelatedAllowanceWithNoRelatedAllowance
0

Files In Submission

Name View Source Status
0001567619-16-001959-index-headers.html Edgar Link pending
0001567619-16-001959-index.html Edgar Link pending
0001567619-16-001959.txt Edgar Link pending
0001567619-16-001959-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
h10034774x1_10-k.htm Edgar Link pending
h10034774x1_ex13.htm Edgar Link pending
h10034774x1_ex21.htm Edgar Link pending
h10034774x1_ex23.htm Edgar Link pending
h10034774x1_ex31-1.htm Edgar Link pending
h10034774x1_ex31-2.htm Edgar Link pending
h10034774x1_ex32-1.htm Edgar Link pending
h10034774x1_ex32-2.htm Edgar Link pending
ibcp-20151231.xml Edgar Link completed
ibcp-20151231.xsd Edgar Link pending
ibcp-20151231_cal.xml Edgar Link unprocessable
ibcp-20151231_def.xml Edgar Link unprocessable
ibcp-20151231_lab.xml Edgar Link unprocessable
ibcp-20151231_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
report.css Edgar Link pending
s10034774_linechart.jpg Edgar Link pending
Show.js Edgar Link pending
sig_crowe.jpg Edgar Link pending
sig_rnshuster.jpg Edgar Link pending
sig_wbkessel.jpg Edgar Link pending