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Independent Bank Corporation (Parent Company Only) Financial Information - Statements of Operations (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING INCOME      
Interest income $ 239,677 $ 169,008 $ 138,080
OPERATING EXPENSES      
Interest Expense 83,348 19,447 8,315
Income tax benefit 14,609 14,437 14,418
Net Income 59,067 63,351 62,895
Parent Company      
OPERATING INCOME      
Dividends from subsidiary 24,000 30,000 32,000
Interest income 1,317 199 55
Other income 96 54 33
Total Operating Income 25,413 30,253 32,088
OPERATING EXPENSES      
Interest Expense 5,726 4,311 3,625
Administrative and other expenses 1,134 892 787
Total Operating Expenses 6,860 5,203 4,412
Income Before Income Tax and Equity in Undistributed Net Income of Subsidiaries 18,553 25,050 27,676
Income tax benefit (1,215) (1,108) (1,048)
Income Before Equity in Undistributed Net Income of Subsidiaries 19,768 26,158 28,724
Equity in undistributed net income of subsidiaries 39,299 37,193 34,171
Net Income $ 59,067 $ 63,351 $ 62,895