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Independent Bank Corporation (Parent Company Only) Financial Information - Statements of Operations (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING INCOME      
Interest income $ 169,008 $ 138,080 $ 139,829
OPERATING EXPENSES      
Interest expense 19,447 8,315 16,217
Income tax benefit 14,437 14,418 13,329
Net Income 63,351 62,895 56,152
Parent Company      
OPERATING INCOME      
Dividends from subsidiary 30,000 32,000 24,000
Interest income 199 55 99
Other income 54 33 42
Total Operating Income 30,253 32,088 24,141
OPERATING EXPENSES      
Interest expense 4,311 3,625 2,893
Administrative and other expenses 892 787 733
Total Operating Expenses 5,203 4,412 3,626
Income Before Income Tax and Equity in Undistributed Net Income of Subsidiaries 25,050 27,676 20,515
Income tax benefit (1,108) (1,048) (937)
Income Before Equity in Undistributed Net Income of Subsidiaries 26,158 28,724 21,452
Equity in undistributed net income of subsidiaries 37,193 34,171 34,700
Net Income $ 63,351 $ 62,895 $ 56,152