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REGULATORY CAPITAL REQUIREMENTS (Tables)
12 Months Ended
Dec. 31, 2015
Banking and Thrift [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
The Company’s and the Bank’s actual capital amounts and ratios as of December 31, 2015 and 2014 are also presented in the table that follows:
 
Actual
 
For Capital
Adequacy Purposes
 
To Be Well Capitalized
Under Prompt
Corrective Action
Provisions
 
Amount
 
Ratio
 
Amount
 
 
 
Ratio
 
Amount
 
 
 
Ratio
 
December 31, 2015
 
(Dollars in thousands)
Independent Bank Corp.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk weighted assets)
$
747,372

 
13.36
%
 
$
447,664

 
 
8.0
%
 
N/A

 
 
 
N/A

Common equity tier 1 capital (to risk weighted assets)
$
584,378

 
10.44
%
 
$
251,811

 
 
4.5
%
 
N/A

 
 
 
N/A

Tier 1 capital (to risk weighted assets)
$
655,154

 
11.71
%
 
$
335,748

 
 
6.0
%
 
N/A

 
 
 
N/A

Tier 1 capital (to average assets)
$
655,154

 
9.33
%
 
$
280,889

 
 
4.0
%
 
N/A

 
 
 
N/A

Rockland Trust Company
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk weighted assets)
$
718,197

 
12.84
%
 
$
447,334

 
 
8.0
%
 
$
559,167

 
 
10.0
%
Common equity tier 1 capital (to risk weighted assets)
$
660,979

 
11.82
%
 
$
251,625

 
 
4.5
%
 
$
363,459

 
 
6.5
%
Tier 1 capital (to risk weighted assets)
$
660,979

 
11.82
%
 
$
335,500

 
 
6.0
%
 
$
447,334

 
 
8.0
%
Tier 1 capital (to average assets)
$
660,979

 
9.42
%
 
$
280,653

 
 
4.0
%
 
$
350,816

 
 
5.0
%
 
December 31, 2014
 
(Dollars in thousands)
Independent Bank Corp.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk weighted assets)
$
666,898

 
13.15
%
 
$
405,650

 
 
8.0
%
 
N/A

 
 
 
N/A

Tier 1 capital (to risk weighted assets)
$
551,836

 
10.88
%
 
$
202,825

 
 
4.0
%
 
N/A

 
 
 
N/A

Tier 1 capital (to average assets)
$
551,836

 
8.84
%
 
$
249,825

 
 
4.0
%
 
N/A

 
 
 
N/A

Rockland Trust Company
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk weighted assets)
$
607,100

 
11.98
%
 
$
405,465

 
 
8.0
%
 
$
506,831

 
 
10.0
%
Tier 1 capital (to risk weighted assets)
$
527,038

 
10.40
%
 
$
202,732

 
 
4.0
%
 
$
304,099

 
 
6.0
%
Tier 1 capital (to average assets)
$
527,038

 
8.44
%
 
$
249,788

 
 
4.0
%
 
$
312,235

 
 
5.0
%