HIGHBuilt-inLoan_portfolio
77.2%
commercial loans
“10-K Item 1A: '77.2% of the Company's loan portfolio consisted of commercial loans'”
INDB · Concentration risk · 10-K extracted
Independent Bank (INDB) concentration risks
Updated
The most significant concentration Independent Bank discloses is commercial loans at 77.2%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Independent Bank’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inGeographic
Massachusetts and New England
“10-K Item 1A: 'Substantially all of the loans the Company originates are secured by properties located in, or are made to businesses that operate in, Massachusetts and the broader New England area'”
MEDIUMBuilt-inLoan_portfolio
commercial real estate
“10-K Item 1: 'The Bank's commercial real estate portfolio, inclusive of commercial construction, is the Bank's largest loan type concentration'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined by three interlocking structural exposures: a high-share loan type, a high-share geography, and a medium-share sub-category within the loan book. Commercial loans represent 77.2% of the loan portfolio, the largest disclosed concentration by share. This is a structural feature of the bank's business model rather than a transient mix shift, and it means that credit quality, underwriting discipline, and economic conditions affecting commercial borrowers are the primary drivers of loss experience. The geographic concentration reinforces that picture: substantially all loans the company originates are secured by properties located in, or made to businesses operating in, Massachusetts and the broader New England area, a high-share exposure that is also structural. This regional tilt means the loan book is sensitive to local economic cycles, real estate market conditions, and any regulatory or legislative changes specific to that geography. Within the commercial book, commercial real estate — including commercial construction — is identified as the largest loan type concentration, a medium-share exposure with a structural character. Commercial real estate carries additional sensitivity to interest rates, cap rate movements, and property valuations that can amplify credit losses in a downturn. Taken together, the three disclosures describe a classic community bank profile: geographically focused, commercially oriented, and real-estate-weighted — a combination where macro and local economic health are the variables most worth monitoring.
For the engine’s reasoning on INDB’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ASB | Associated Banc-Corp | 2 | 3 | 0 | 5 |
| INDB● | Independent Bank Corp. | 2 | 1 | 0 | 3 |
| BANC | Banc of California, Inc. | 2 | 0 | 0 | 2 |
| AX | Axos Financial, Inc. | 1 | 1 | 0 | 2 |
| AUB | Atlantic Union Bankshares Corpo | 0 | 3 | 0 | 3 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.