What are Independent Bank's Business Segments?
Commercial Loans Commercial loans consist of commercial and industrial loans,
asset-based loans, commercial real estate loans, commercial construction loans
and small business loans. The Bank offers secured and unsecured commercial loans
for business purposes. Commercial loans may be structured as term loans or as
revolving/nonrevolving lines of credit, and include overdraft protection, credit
cards, and automatic clearinghouse (“ACH”) exposure. These loans
may be collateralized by either owner or nonowner-occupied commercial mortgages.
Consumer Real Estate Loans The Bank’s consumer real estate loans consist
of loans and lines secured by one-to-four family residential properties.
Other Consumer Loans The Bank makes loans for a wide variety of personal needs.
Consumer loans primarily consist of installment loans and overdraft protection.
The Bank’s consumer loans also include auto, unsecured loans, loans secured
by deposit accounts and loans to purchase motorcycles, recreational vehicles,
or boats.
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