ADDED
ibcp-20251231_d2 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.
We continue to see customer transaction volume declining at our bank offices and increasing through our electronic channels.
As of December 31, 2025, our bank had total loans (excluding loans held for sale) of $4.276 billion and total deposits of $4.762 billion.
As of December 31, 2025, we had 735 full-time employees and 91 part-time employees.
The sources of revenue for the three most recent years are as follows: 2025 2024 2023 Interest and fees on loans 75.7 % 70.7 % 68.1 % Other interest income 9.8 11.8 14.4 Non-interest income 14.5 17.4 17.5 100.0 % 100.0 % 100.0 % Supervision and Regulation The following is a summary of certain statutes and regulations affecting us.
Our Tier 1 capital as of December 31, 2025 includes $38.6 million of trust preferred securities (classified on our Consolidated Statements of Financial Condition as "Subordinated debentures").
The Federal Reserve has established the following minimum capital standards for state-chartered, FDIC-insured member banks, such as our bank: (1) a minimum ratio of common equity Tier 1 capital to risk-weighted assets of 4.5%, (2) a minimum ratio of Tier 1 capital to risk-weighted assets of 6%, (3) a minimum ratio of total capital to total risk-weighted assets of 8%, and (4) a minimum leverage ratio of 4%.
It is important to note that these regulatory capital rules provide minimum requirements, and higher capital levels may be required if warranted by the particular circumstances or risk profiles of 6 ITEM 1.
Our bank is subject to certain restrictions imposed by the Federal Reserve Act on "covered transactions" with us or our subsidiaries, which include investments in our stock or other securities issued by us or our subsidiaries, the acceptance of our stock or other securities issued by us or our subsidiaries as collateral for loans, and extensions of credit to us or our subsidiaries.
Certain limitations and reporting requirements are also placed on the deposit rates paid, and the amounts and terms of extensions of credit, by our bank to the directors and officers of the holding company, the bank, and the subsidiaries of the bank; to the principal shareholders of the holding company; and to "related 7 ITEM 1.
REMOVED
ibcp-20241231_d2 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.
We continu e to see customer transaction volume declining at our bank offices and increasing through our electronic channels.
As of December 31, 2024, our bank had total loans (excluding loans held for sale) of $4.039 billion and total deposits of $4.654 billion.
As of December 31, 2024, we had 732 full-time employees and 102 part-time employees.
The market for residential mortgage loan officers and support staff is particularly competitive given the competitive nature of those products.
The sources of revenue for the three most recent years are as follows: 2024 2023 2022 Interest and fees on loans 70.7 % 68.1 % 60.2 % Other interest income 11.8 14.4 13.0 Non-interest income 17.4 17.5 26.8 100.0 % 100.0 % 100.0 % Supervision and Regulation The following is a summary of certain statutes and regulations affecting us.
Our Tier 1 capital as of December 31, 2024 includes $39.6 million of trust preferred securities (classified on our Consolidated Statements of Financial Condition as "Subordinated debentures").
Our Tier 2 capital as of December 31, 2024 includes $40.0 million of subordinated notes that were issued during 2020 and mature May, 2030.
Generally, for subordinated debt with a minimum maturity of five years, there is no limit on the amount of subordinated debt that can be included in Tier 2 capital.
The Federal Reserve has established the following minimum capital standards for state-chartered, FDIC-insured member banks, such as our bank: (1) a minimum ratio of common equity Tier 1 capital to risk-weighted 6 ITEM 1.