Vitals
  • Total Assets
    695.5M -4.3 %
  • Total Deposits
    591.5M -1.5 %
  • Total Net Loans
    549.0M -2.8 %
  • Net Income
  • Book Value
    78.1M -8.6 %
  • Book Value x2
    156.2M -8.6 %
  • Book Value x3
    234.4M -8.6 %
ROAA

ROAE

Efficiency Ratio

74.097

Net Interest Margin

4.147

Balance Sheet Highlights
Financial Highlights Independent Bank East Michigan All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 695,545 236,129
Total Net Loans 548,974 191,008
Total Deposits 591,525 191,913
Total Equity 78,120 24,192
Profitability
Net Income — 8,375
Return on Average Assets — 1.249
Return on Average Equity — 9.191
Net Interest Margin 4.147 4.037
Efficiency Ratio 74.097 69.92
Noninterest Income/Revenue 11.904 11.957
Balance Sheet Ratios
Loan-to-Deposit 92.807 91.779
Securities/Assets .095 .912
Total Equity/Total Assets .112 .102
Tangible Equity/Tangible Assets .069 -.333
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 49,997 22,103
Tier 2 Capital 7,007 2,702
Total Capital 57,004 24,212
Total Risk Weighted Assets 557,607 182,532
Leverage Ratio 7.35 10.398
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 8.97 14.235
Total Capital Ratio 10.22 15.4

Timeline for Independent Bank East Michigan

Independent Bank

Independent Bank East Michigan was acquired by Independent Bank 16 years

View Profile Sep 15 2007

Midwest Guaranty Mortgage Company

Acquisition: Independent Bank East Michigan acquired a new subsidiary, Midwest Guaranty Mortgage Company , 19 years

View Profile Jun 25 2004

Midwest Guaranty Bank

Acquisition: Independent Bank East Michigan acquired a new subsidiary, Midwest Guaranty Bank, 19 years

View Profile Jun 01 2004

Midwest Guaranty Financial Services, Inc.

Midwest Guaranty Financial Services, Inc. became a new subsidiary organization for Independent Bank East Michigan.

View Profile Jun 01 2004

Midwest Guaranty Mortgage Company

Midwest Guaranty Mortgage Company became a new subsidiary organization for Independent Bank East Michigan.

View Profile Jun 01 2004

Want to see more?

Complete timeline for Independent Bank East Michigan is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Independent Bank Buyer 2,526,827 Pooling of Interests Discontinued 9/15/2007
Midwest Guaranty Mortgage Company Seller Pooling of Interests Discontinued 6/25/2004
Midwest Guaranty Bank Seller 243,437 Acquisition Discontinued 6/1/2004
The Kingston State Bank Seller 35,675 Discontinued 4/30/1994
Pioneer Bank Seller 34,398 Discontinued 3/28/1994
Relationships Role Relationship Start Relationship End
Independent Bank Corporation Parent 10/8/1993 9/14/2007
Independent Title Services, Inc. Subsidary 8/26/1996 9/14/2007
Independent Mortgage Company-East Michigan Subsidary 6/30/2007 9/14/2007
Ibc Financial Services East Michigan, Inc. Subsidary 6/30/2007 9/14/2007
Independent Mortgage Company-East Michigan Subsidary 5/1/1998 6/29/2007
Ibc Financial Services East Michigan, Inc. Subsidary 4/28/2003 6/29/2007
Midwest Guaranty Financial Services, Inc. Subsidary 6/1/2004 6/24/2004
Midwest Guaranty Mortgage Company Subsidary 6/1/2004 6/24/2004
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