INDEPENDENT BANK CORP /MI/ Quarterly Interest Expense in USD from Q2 2010 to Q1 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/annual Interest Expense history and growth rate from Q2 2010 to Q1 2024.
  • Independent Bank Corp /Mi/ Interest Expense for the quarter ending March 31, 2024 was $24.9M, a 60.9% increase year-over-year.
  • Independent Bank Corp /Mi/ Interest Expense for the twelve months ending March 31, 2024 was $92.8M, a 179% increase year-over-year.
  • Independent Bank Corp /Mi/ annual Interest Expense for 2023 was $83.3M, a 329% increase from 2022.
  • Independent Bank Corp /Mi/ annual Interest Expense for 2022 was $19.4M, a 134% increase from 2021.
  • Independent Bank Corp /Mi/ annual Interest Expense for 2021 was $8.32M, a 48.7% decline from 2020.
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Quarterly (USD)
Interest Expense, YoY Quarterly Growth (%)
Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed
Q1 2024 $92.8M $24.9M +$9.43M +60.9% Jan 1, 2024 Mar 31, 2024 10-Q 2024-05-03
Q4 2023 $83.3M $25.3M +$14.9M +143% Oct 1, 2023 Dec 31, 2023 10-K 2024-03-08
Q3 2023 $68.5M $23M +$18M +358% Jul 1, 2023 Sep 30, 2023 10-Q 2023-11-03
Q2 2023 $50.5M $19.6M +$17.3M +751% Apr 1, 2023 Jun 30, 2023 10-Q 2023-08-04
Q1 2023 $33.2M $15.5M +$13.8M +791% Jan 1, 2023 Mar 31, 2023 10-Q 2024-05-03
Q4 2022 $19.4M $10.4M +$8.44M +435% Oct 1, 2022 Dec 31, 2022 10-K 2024-03-08
Q3 2022 $11M $5.03M +$2.98M +145% Jul 1, 2022 Sep 30, 2022 10-Q 2023-11-03
Q2 2022 $8.03M $2.3M +$197K +9.35% Apr 1, 2022 Jun 30, 2022 10-Q 2023-08-04
Q1 2022 $7.84M $1.74M -$478K -21.6% Jan 1, 2022 Mar 31, 2022 10-Q 2023-05-05
Q4 2021 $8.32M $1.94M -$2.53M -56.6% Oct 1, 2021 Dec 31, 2021 10-K 2024-03-08
Q3 2021 $10.8M $2.05M -$1.02M -33.1% Jul 1, 2021 Sep 30, 2021 10-Q 2022-11-04
Q2 2021 $11.9M $2.11M -$1.19M -36% Apr 1, 2021 Jun 30, 2021 10-Q 2022-08-05
Q1 2021 $13M $2.22M -$3.17M -58.8% Jan 1, 2021 Mar 31, 2021 10-Q 2022-05-05
Q4 2020 $16.2M $4.47M -$1.73M -27.9% Oct 1, 2020 Dec 31, 2020 10-K 2023-03-03
Q3 2020 $17.9M $3.07M -$3.87M -55.8% Jul 1, 2020 Sep 30, 2020 10-Q 2021-11-05
Q2 2020 $21.8M $3.29M -$3.53M -51.7% Apr 1, 2020 Jun 30, 2020 10-Q 2021-08-06
Q1 2020 $25.3M $5.39M -$1.01M -15.7% Jan 1, 2020 Mar 31, 2020 10-Q 2021-05-06
Q4 2019 $26.3M $6.2M +$446K +7.75% Oct 1, 2019 Dec 31, 2019 10-K 2022-03-04
Q3 2019 $25.9M $6.94M +$2.18M +45.9% Jul 1, 2019 Sep 30, 2019 10-Q 2020-11-05
Q2 2019 $23.7M $6.82M +$2.69M +65.3% Apr 1, 2019 Jun 30, 2019 10-Q 2020-08-05
Q1 2019 $21M $6.39M +$3.53M +123% Jan 1, 2019 Mar 31, 2019 10-Q 2020-05-05
Q4 2018 $17.5M $5.75M +$3.04M +112% Oct 1, 2018 Dec 31, 2018 10-K 2021-03-05
Q3 2018 $14.4M $4.76M +$2.3M +93.4% Jul 1, 2018 Sep 30, 2018 10-Q 2019-11-01
Q2 2018 $12.2M $4.12M +$2.08M +102% Apr 1, 2018 Jun 30, 2018 10-Q 2019-08-02
Q1 2018 $10.1M $2.86M +$948K +49.6% Jan 1, 2018 Mar 31, 2018 10-Q 2019-05-03
Q4 2017 $9.12M $2.71M +$803K +42.1% Oct 1, 2017 Dec 31, 2017 10-K 2020-03-06
Q3 2017 $8.32M $2.46M +$712K +40.8% Jul 1, 2017 Sep 30, 2017 10-Q 2018-11-02
Q2 2017 $7.61M $2.04M +$404K +24.7% Apr 1, 2017 Jun 30, 2017 10-Q 2018-08-03
Q1 2017 $7.2M $1.91M +$322K +20.2% Jan 1, 2017 Mar 31, 2017 10-Q 2018-05-04
Q4 2016 $6.88M $1.91M +$394K +26% Oct 1, 2016 Dec 31, 2016 10-K 2019-03-07
Q3 2016 $6.49M $1.75M +$295K +20.3% Jul 1, 2016 Sep 30, 2016 10-Q 2017-11-03
Q2 2016 $6.19M $1.64M +$207K +14.5% Apr 1, 2016 Jun 30, 2016 10-Q 2017-08-04
Q1 2016 $5.99M $1.59M +$130K +8.9% Jan 1, 2016 Mar 31, 2016 10-Q 2017-05-03
Q4 2015 $5.86M $1.51M -$277K -15.5% Oct 1, 2015 Dec 31, 2015 10-K 2018-03-07
Q3 2015 $6.13M $1.45M -$433K -23% Jul 1, 2015 Sep 30, 2015 10-Q 2016-11-03
Q2 2015 $6.57M $1.43M -$389K -21.4% Apr 1, 2015 Jun 30, 2015 10-Q 2016-08-04
Q1 2015 $6.96M $1.46M -$344K -19.1% Jan 1, 2015 Mar 31, 2015 10-Q 2016-05-04
Q4 2014 $7.3M $1.79M -$384K -17.7% Oct 1, 2014 Dec 31, 2014 10-K 2017-03-07
Q3 2014 $7.68M $1.89M -$370K -16.4% Jul 1, 2014 Sep 30, 2014 10-Q 2015-11-04
Q2 2014 $8.05M $1.82M -$520K -22.2% Apr 1, 2014 Jun 30, 2014 10-Q 2015-08-05
Q1 2014 $8.57M $1.81M -$589K -24.6% Jan 1, 2014 Mar 31, 2014 10-Q 2015-05-06
Q4 2013 $9.16M $2.17M -$666K -23.5% Oct 1, 2013 Dec 31, 2013 10-K 2016-03-07
Q3 2013 $9.83M $2.26M -$1.03M -31.3% Jul 1, 2013 Sep 30, 2013 10-Q 2014-11-06
Q2 2013 $10.9M $2.34M -$1.09M -31.7% Mar 31, 2013 Jun 30, 2013 10-Q 2013-08-08
Q1 2013 $11.9M $2.39M -$1.2M -33.4% Jan 1, 2013 Mar 31, 2013 10-Q 2014-05-05
Q4 2012 $13.1M $2.84M -$929K -24.6% Oct 1, 2012 Dec 31, 2012 10-K 2015-03-06
Q3 2012 $14.1M $3.28M -$1.13M -25.6% Jul 1, 2012 Sep 30, 2012 10-Q 2013-11-07
Q2 2012 $15.2M $3.43M -$2.32M -40.4% Mar 31, 2012 Jun 30, 2012 10-Q 2013-08-08
Q1 2012 $17.5M $3.6M -$2.67M -42.6% Jan 1, 2012 Mar 31, 2012 10-Q 2013-05-08
Q4 2011 $20.2M $3.77M Oct 1, 2011 Dec 31, 2011 10-K 2013-03-13
Q3 2011 $4.41M -$4.29M -49.3% Jul 1, 2011 Sep 30, 2011 10-Q 2012-11-09
Q2 2011 $5.74M -$4.18M -42.1% Apr 1, 2011 Jun 30, 2011 10-Q 2012-08-09
Q1 2011 $6.27M Jan 1, 2011 Mar 31, 2011 10-Q 2012-05-09
Q3 2010 $8.7M Jul 1, 2010 Sep 30, 2010 10-Q 2011-11-09
Q2 2010 $9.92M Apr 1, 2010 Jun 30, 2010 10-Q 2011-08-09
* An asterisk sign (*) next to the value indicates that the value is likely invalid.