Annual Interest Expense in USD from 2010 to 2023

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 2010 to 2023.
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, Annual (USD)

Interest Expense, YoY Annual Growth (%)

Period	Value	YoY Chg	Change %	Start Date	End Date	Report	Filed
2023	$83.3M	+$63.9M	+329%	Jan 1, 2023	Dec 31, 2023	10-K	2024-03-08
2022	$19.4M	+$11.1M	+134%	Jan 1, 2022	Dec 31, 2022	10-K	2024-03-08
2021	$8.32M	-$7.9M	-48.7%	Jan 1, 2021	Dec 31, 2021	10-K	2024-03-08
2020	$16.2M	-$10.1M	-38.4%	Jan 1, 2020	Dec 31, 2020	10-K	2023-03-03
2019	$26.3M	+$8.86M	+50.6%	Jan 1, 2019	Dec 31, 2019	10-K	2022-03-04
2018	$17.5M	+$8.37M	+91.7%	Jan 1, 2018	Dec 31, 2018	10-K	2021-03-05
2017	$9.12M	+$2.24M	+32.6%	Jan 1, 2017	Dec 31, 2017	10-K	2020-03-06
2016	$6.88M	+$1.03M	+17.5%	Jan 1, 2016	Dec 31, 2016	10-K	2019-03-07
2015	$5.86M	-$1.44M	-19.8%	Jan 1, 2015	Dec 31, 2015	10-K	2018-03-07
2014	$7.3M	-$1.86M	-20.3%	Jan 1, 2014	Dec 31, 2014	10-K	2017-03-07
2013	$9.16M	-$3.98M	-30.3%	Jan 1, 2013	Dec 31, 2013	10-K	2016-03-07
2012	$13.1M	-$7.05M	-34.9%	Jan 1, 2012	Dec 31, 2012	10-K	2015-03-06
2011	$20.2M	-$17M	-45.7%	Dec 31, 2010	Dec 31, 2011	10-K	2013-03-13
2010	$37.2M			Dec 31, 2009	Dec 31, 2010	10-K	2013-03-13

* An asterisk sign (*) next to the value indicates that the value is likely invalid.