MI lenders / Community Bank
Independent Bank
Community Bank · Grand Rapids, MI · Independent Bank Corp
- Total assets
- $5.6B
- CRE loan book
- $1.7B
- QoQ CRE growth
- 1.0%
- Q1 2026
Recorded CRE activity — oh-franklin County
1 commercial deed of trust recorded recently, verified from county records.
- Aug 27, 2026 · landundisclosed
Observed rates
Book yield — real-estate loans
Implied yield on the existing real-estate loan book: 5.47% as of Q1 2026 — TX bank median 4.87% (0.61pp above median).
| Quarter | RE loan yield | All loans & leases |
|---|---|---|
| Q1 2026 | 5.47% | 5.51% |
| Q4 2025 | 5.62% | 5.67% |
| Q3 2025 | 5.78% | 5.86% |
| Q2 2025 | 5.68% | 5.78% |
| Q1 2025 | 5.65% | 5.70% |
| Q4 2024 | 5.84% | 5.84% |
| Q3 2024 | 5.75% | 5.99% |
| Q2 2024 | 5.72% | 5.90% |
What their existing real-estate book earns — an anchor for where new money gets priced. Source: FFIEC Call Reports.
For a current market estimate for your property, use the terms estimator →
CRE book — quarterly trend (FFIEC Call Reports)
| Quarter | CRE loans | Construction | Multifamily | Concentration | Nonaccrual CRE |
|---|---|---|---|---|---|
| Q1 2026 | $1.7B | $228.4M | $122.0M | 175% | $27.1M |
| Q4 2025 | $1.6B | $273.6M | $123.2M | 181% | $23.5M |
| Q3 2025 | $1.6B | $253.0M | $109.2M | 172% | $14.0M |
| Q2 2025 | $1.5B | $262.6M | $108.4M | 162% | $147,000 |
| Q1 2025 | $1.5B | $240.9M | $113.7M | 160% | $195,000 |
| Q4 2024 | $1.4B | $322.1M | $70.2M | 163% | $46,000 |
| Q3 2024 | $1.4B | $292.4M | $72.3M | 158% | $47,000 |
| Q2 2024 | $1.3B | $276.8M | $65.2M | 153% | $0 |
Signals
Recent news
- Independent Bank relocates its headquarters to downtown Grand Rapids - Crain's Grand Rapids Business — Coverage of Independent Bank related to commercial real estate and lending reported by crainsgrandrapids.com.Oct 8, 2026
- Independent Bank (INDB) Following Its Dividend Declaration Is Valuation Still Compelling - simplywall.st — Coverage of Independent Bank related to commercial real estate and lending reported by simplywall.st.Sep 28, 2026
- Is Independent Bank (INDB) Undervalued As Its Dividend Keeps The Income Case Intact? - Yahoo Finance — Coverage of Independent Bank related to commercial real estate and lending reported by finance.yahoo.com.Sep 20, 2026
- Independent Bank (NASDAQ: INDB) reaffirms 2026 margin outlook - Stock Titan — Coverage of Independent Bank related to commercial real estate and lending reported by stocktitan.net.Sep 8, 2026
- Independent Bank Corp. (INDB) Slips 1.53% to $79.94 as Regional Bank Sentiment Cools - Negative Gamma - vinanet.vn — Coverage of Independent Bank related to commercial real estate and lending reported by vinanet.vn.Sep 1, 2026
- Independent Bank Group stock holds steady as investors await next earnings signal - ad-hoc-news.de — Coverage of Independent Bank related to earnings reported by ad-hoc-news.de.Sep 1, 2026
- Q2 Earnings Outperformers: Independent Bank (NASDAQ:INDB) And The Rest Of The Regional Banks Stocks - StockStory — Coverage of Independent Bank related to earnings reported by stockstory.org.Aug 20, 2026
- What’s Going On With Independent Bank (INDB)? - simplywall.st — Coverage of Independent Bank related to commercial real estate and lending reported by simplywall.st.Aug 17, 2026
Similar lenders
Other community banks we track with a comparable CRE book size.
- Broadway National BankCommunity Bank · San Antonio · $1.7B CRE book
- Home Bank, National AssociationCommunity Bank · Lafayette · $1.7B CRE book
- ChoiceOne BankCommunity Bank · Sparta · $1.7B CRE book
- Farmers & Merchants Bank of Central CaliforniaCommunity Bank · Lodi · $1.6B CRE book
- Bank Five NineCommunity Bank · Oconomowoc · $1.6B CRE book
Last updated Aug 27, 2026 · Sources: FFIEC CDR, county records, first-party conversations.