Interest Expense of INDEPENDENT BANK CORP /MI/ from 30 Jun 2010 to 31 Mar 2024

Taxonomy & unit
us-gaap: USD
Description
Amount of the cost of borrowed funds accounted for as interest expense.
Summary
INDEPENDENT BANK CORP /MI/ quarterly and annual Interest Expense in USD history and change rate from 30 Jun 2010 to 31 Mar 2024.
  • INDEPENDENT BANK CORP /MI/ Interest Expense for the quarter ending 31 Mar 2024 was $24,929,000, a 61% increase year-over-year.
  • INDEPENDENT BANK CORP /MI/ Interest Expense for the twelve months ending 31 Mar 2024 was $92,782,000, a 179% increase year-over-year.
  • INDEPENDENT BANK CORP /MI/ annual Interest Expense for 2023 was $83,348,000, a 329% increase from 2022.
  • INDEPENDENT BANK CORP /MI/ annual Interest Expense for 2022 was $19,447,000, a 134% increase from 2021.
  • INDEPENDENT BANK CORP /MI/ annual Interest Expense for 2021 was $8,315,000, a 49% decline from 2020.
Source SEC data
View on sec.gov
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Quarterly (USD)
Interest Expense, YoY Quarterly Change (%)
Interest Expense, Annual (USD)
Interest Expense, YoY Annual Change (%)

INDEPENDENT BANK CORP /MI/ Quarterly Interest Expense (USD)

Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed Fiscal Year Fiscal Period
Q1 2024 $92,782,000 $24,929,000 +$9,434,000 +61% 01 Jan 2024 31 Mar 2024 10-Q 03 May 2024 2024 Q1
Q4 2023 $83,348,000 $25,250,000 +$14,874,000 +143% 01 Oct 2023 31 Dec 2023 10-K 08 Mar 2024 2023 FY
Q3 2023 $68,474,000 $23,005,000 +$17,977,000 +358% 01 Jul 2023 30 Sep 2023 10-Q 03 Nov 2023 2023 Q3
Q2 2023 $50,497,000 $19,598,000 +$17,295,000 +751% 01 Apr 2023 30 Jun 2023 10-Q 04 Aug 2023 2023 Q2
Q1 2023 $33,202,000 $15,495,000 +$13,755,000 +791% 01 Jan 2023 31 Mar 2023 10-Q 03 May 2024 2024 Q1
Q4 2022 $19,447,000 $10,376,000 +$8,437,000 +435% 01 Oct 2022 31 Dec 2022 10-K 08 Mar 2024 2023 FY
Q3 2022 $11,010,000 $5,028,000 +$2,976,000 +145% 01 Jul 2022 30 Sep 2022 10-Q 03 Nov 2023 2023 Q3
Q2 2022 $8,034,000 $2,303,000 +$197,000 +9.4% 01 Apr 2022 30 Jun 2022 10-Q 04 Aug 2023 2023 Q2
Q1 2022 $7,837,000 $1,740,000 -$478,000 -22% 01 Jan 2022 31 Mar 2022 10-Q 05 May 2023 2023 Q1
Q4 2021 $8,315,000 $1,939,000 -$2,530,000 -57% 01 Oct 2021 31 Dec 2021 10-K 08 Mar 2024 2023 FY
Q3 2021 $10,845,000 $2,052,000 -$1,016,000 -33% 01 Jul 2021 30 Sep 2021 10-Q 04 Nov 2022 2022 Q3
Q2 2021 $11,861,000 $2,106,000 -$1,186,000 -36% 01 Apr 2021 30 Jun 2021 10-Q 05 Aug 2022 2022 Q2
Q1 2021 $13,047,000 $2,218,000 -$3,170,000 -59% 01 Jan 2021 31 Mar 2021 10-Q 05 May 2022 2022 Q1
Q4 2020 $16,217,000 $4,469,000 -$1,729,000 -28% 01 Oct 2020 31 Dec 2020 10-K 03 Mar 2023 2022 FY
Q3 2020 $17,946,000 $3,068,000 -$3,871,000 -56% 01 Jul 2020 30 Sep 2020 10-Q 05 Nov 2021 2021 Q3
Q2 2020 $21,817,000 $3,292,000 -$3,525,000 -52% 01 Apr 2020 30 Jun 2020 10-Q 06 Aug 2021 2021 Q2
Q1 2020 $25,342,000 $5,388,000 -$1,005,000 -16% 01 Jan 2020 31 Mar 2020 10-Q 06 May 2021 2021 Q1
Q4 2019 $26,347,000 $6,198,000 +$446,000 +7.8% 01 Oct 2019 31 Dec 2019 10-K 04 Mar 2022 2021 FY
Q3 2019 $25,901,000 $6,939,000 +$2,184,000 +46% 01 Jul 2019 30 Sep 2019 10-Q 05 Nov 2020 2020 Q3
Q2 2019 $23,717,000 $6,817,000 +$2,694,000 +65% 01 Apr 2019 30 Jun 2019 10-Q 05 Aug 2020 2020 Q2
Q1 2019 $21,023,000 $6,393,000 +$3,532,000 +123% 01 Jan 2019 31 Mar 2019 10-Q 05 May 2020 2020 Q1
Q4 2018 $17,491,000 $5,752,000 +$3,042,000 +112% 01 Oct 2018 31 Dec 2018 10-K 05 Mar 2021 2020 FY
Q3 2018 $14,449,000 $4,755,000 +$2,296,000 +93% 01 Jul 2018 30 Sep 2018 10-Q 01 Nov 2019 2019 Q3
Q2 2018 $12,153,000 $4,123,000 +$2,082,000 +102% 01 Apr 2018 30 Jun 2018 10-Q 02 Aug 2019 2019 Q2
Q1 2018 $10,071,000 $2,861,000 +$948,000 +50% 01 Jan 2018 31 Mar 2018 10-Q 03 May 2019 2019 Q1
Q4 2017 $9,123,000 $2,710,000 +$803,000 +42% 01 Oct 2017 31 Dec 2017 10-K 06 Mar 2020 2019 FY
Q3 2017 $8,320,000 $2,459,000 +$712,000 +41% 01 Jul 2017 30 Sep 2017 10-Q 02 Nov 2018 2018 Q3
Q2 2017 $7,608,000 $2,041,000 +$404,000 +25% 01 Apr 2017 30 Jun 2017 10-Q 03 Aug 2018 2018 Q2
Q1 2017 $7,204,000 $1,913,000 +$322,000 +20% 01 Jan 2017 31 Mar 2017 10-Q 04 May 2018 2018 Q1
Q4 2016 $6,882,000 $1,907,000 +$394,000 +26% 01 Oct 2016 31 Dec 2016 10-K 07 Mar 2019 2018 FY
Q3 2016 $6,488,000 $1,747,000 +$295,000 +20% 01 Jul 2016 30 Sep 2016 10-Q 03 Nov 2017 2017 Q3
Q2 2016 $6,193,000 $1,637,000 +$207,000 +14% 01 Apr 2016 30 Jun 2016 10-Q 04 Aug 2017 2017 Q2
Q1 2016 $5,986,000 $1,591,000 +$130,000 +8.9% 01 Jan 2016 31 Mar 2016 10-Q 03 May 2017 2017 Q1
Q4 2015 $5,856,000 $1,513,000 -$277,000 -15% 01 Oct 2015 31 Dec 2015 10-K 07 Mar 2018 2017 FY
Q3 2015 $6,133,000 $1,452,000 -$433,000 -23% 01 Jul 2015 30 Sep 2015 10-Q 03 Nov 2016 2016 Q3
Q2 2015 $6,566,000 $1,430,000 -$389,000 -21% 01 Apr 2015 30 Jun 2015 10-Q 04 Aug 2016 2016 Q2
Q1 2015 $6,955,000 $1,461,000 -$344,000 -19% 01 Jan 2015 31 Mar 2015 10-Q 04 May 2016 2016 Q1
Q4 2014 $7,299,000 $1,790,000 -$384,000 -18% 01 Oct 2014 31 Dec 2014 10-K 07 Mar 2017 2016 FY
Q3 2014 $7,683,000 $1,885,000 -$370,000 -16% 01 Jul 2014 30 Sep 2014 10-Q 04 Nov 2015 2015 Q3
Q2 2014 $8,053,000 $1,819,000 -$520,000 -22% 01 Apr 2014 30 Jun 2014 10-Q 05 Aug 2015 2015 Q2
Q1 2014 $8,573,000 $1,805,000 -$589,000 -25% 01 Jan 2014 31 Mar 2014 10-Q 06 May 2015 2015 Q1
Q4 2013 $9,162,000 $2,174,000 -$666,000 -23% 01 Oct 2013 31 Dec 2013 10-K 07 Mar 2016 2015 FY
Q3 2013 $9,828,000 $2,255,000 -$1,027,000 -31% 01 Jul 2013 30 Sep 2013 10-Q 06 Nov 2014 2014 Q3
Q2 2013 $10,855,000 $2,339,000 -$1,086,000 -32% 31 Mar 2013 30 Jun 2013 10-Q 08 Aug 2013 2013 Q2
Q1 2013 $11,941,000 $2,394,000 -$1,202,000 -33% 01 Jan 2013 31 Mar 2013 10-Q 05 May 2014 2014 Q1
Q4 2012 $13,143,000 $2,840,000 -$929,000 -25% 01 Oct 2012 31 Dec 2012 10-K 06 Mar 2015 2014 FY
Q3 2012 $14,072,000 $3,282,000 -$1,131,000 -26% 01 Jul 2012 30 Sep 2012 10-Q 07 Nov 2013 2013 Q3
Q2 2012 $15,203,000 $3,425,000 -$2,318,000 -40% 31 Mar 2012 30 Jun 2012 10-Q 08 Aug 2013 2013 Q2
Q1 2012 $17,521,000 $3,596,000 -$2,672,000 -43% 01 Jan 2012 31 Mar 2012 10-Q 08 May 2013 2013 Q1
Q4 2011 $20,193,000 $3,769,000 01 Oct 2011 31 Dec 2011 10-K 13 Mar 2013 2012 FY
Q3 2011 $4,413,000 -$4,289,000 -49% 01 Jul 2011 30 Sep 2011 10-Q 09 Nov 2012 2012 Q3
Q2 2011 $5,743,000 -$4,178,000 -42% 01 Apr 2011 30 Jun 2011 10-Q 09 Aug 2012 2012 Q2
Q1 2011 $6,268,000 01 Jan 2011 31 Mar 2011 10-Q 09 May 2012 2012 Q1
Q3 2010 $8,702,000 01 Jul 2010 30 Sep 2010 10-Q 09 Nov 2011 2011 Q3
Q2 2010 $9,921,000 01 Apr 2010 30 Jun 2010 10-Q 09 Aug 2011 2011 Q2

INDEPENDENT BANK CORP /MI/ Annual Interest Expense (USD)

Period Value YoY Chg Change % Start Date End Date Report Filed Fiscal Year Fiscal Period
2023 $83,348,000 +$63,901,000 +329% 01 Jan 2023 31 Dec 2023 10-K 08 Mar 2024 2023 FY
2022 $19,447,000 +$11,132,000 +134% 01 Jan 2022 31 Dec 2022 10-K 08 Mar 2024 2023 FY
2021 $8,315,000 -$7,902,000 -49% 01 Jan 2021 31 Dec 2021 10-K 08 Mar 2024 2023 FY
2020 $16,217,000 -$10,130,000 -38% 01 Jan 2020 31 Dec 2020 10-K 03 Mar 2023 2022 FY
2019 $26,347,000 +$8,856,000 +51% 01 Jan 2019 31 Dec 2019 10-K 04 Mar 2022 2021 FY
2018 $17,491,000 +$8,368,000 +92% 01 Jan 2018 31 Dec 2018 10-K 05 Mar 2021 2020 FY
2017 $9,123,000 +$2,241,000 +33% 01 Jan 2017 31 Dec 2017 10-K 06 Mar 2020 2019 FY
2016 $6,882,000 +$1,026,000 +18% 01 Jan 2016 31 Dec 2016 10-K 07 Mar 2019 2018 FY
2015 $5,856,000 -$1,443,000 -20% 01 Jan 2015 31 Dec 2015 10-K 07 Mar 2018 2017 FY
2014 $7,299,000 -$1,863,000 -20% 01 Jan 2014 31 Dec 2014 10-K 07 Mar 2017 2016 FY
2013 $9,162,000 -$3,981,000 -30% 01 Jan 2013 31 Dec 2013 10-K 07 Mar 2016 2015 FY
2012 $13,143,000 -$7,050,000 -35% 01 Jan 2012 31 Dec 2012 10-K 06 Mar 2015 2014 FY
2011 $20,193,000 -$17,005,000 -46% 31 Dec 2010 31 Dec 2011 10-K 13 Mar 2013 2012 FY
2010 $37,198,000 31 Dec 2009 31 Dec 2010 10-K 13 Mar 2013 2012 FY
* An asterisk sign (*) next to the value indicates that the value is likely invalid.