
	Three Months Ended June 30, 2025
	Independent Bank		Other(1)		Eliminations		Total
	(In thousands)
INTEREST INCOME
Interest and fees on loans	$	59,457	$	—	$	78	$	59,535
Interest on securities	6,569		—		—		6,569
Other investments	774		370		(370)		774
Total Interest Income	66,800		370		(292)		66,878
INTEREST EXPENSE
Deposits	20,832		—		(370)		20,462
Other borrowings and subordinated debt and debentures	303		1,498		—		1,801
Total Interest Expense	21,135		1,498		(370)		22,263
Net Interest Income	45,665		(1,128)		78		44,615
Provision for credit losses	1,500		—		—		1,500
Net Interest Income After Provision for Credit Losses	44,165		(1,128)		78		43,115
NON-INTEREST INCOME
Interchange income	3,390		—		—		3,390
Service charges on deposit accounts	2,981		—		—		2,981
Net gains on mortgage loans	1,583		—		48		1,631
Mortgage loan servicing, net	490		—		—		490
Other	2,725		309		(201)		2,833
Total Non-interest Income	11,169		309		(153)		11,325
NON-INTEREST EXPENSE
Compensation and employee benefits	21,021		133		(31)		21,123
Data processing	3,828		19		—		3,847
Occupancy, net	2,040		6		—		2,046
Interchange expense	1,177		—		—		1,177
Furniture, fixtures and equipment	793		—		—		793
Advertising	831		2		—		833
FDIC deposit insurance	637		—		—		637
Legal and professional	423		77		—		500
Loan and collection	744		—		—		744
Communications	465		5		—		470
Other	1,393		199		—		1,592
Total Non-interest Expense	33,352		441		(31)		33,762
Income Before Income Tax	21,982		(1,260)		(44)		20,678
Income tax expense	4,156		(346)		(9)		3,801
Net Income	$	17,826	$	(914)	$	(35)	$	16,877

OTHER SEGMENT DISCLOSURES
Depreciation	1,356		—		—		1,356
Amortization	122		—		—		122
Total assets	5,411,119		562,462		(555,062)		5,418,519

(1) Includes amounts relating to our parent company and certain insignificant operations.


	Three Months Ended June 30, 2024
	Independent Bank		Other(1)		Eliminations		Total
	(In thousands)
INTEREST INCOME
Interest and fees on loans	$	56,718	$	—	$	68	$	56,786
Interest on securities	8,113		—		—		8,113
Other investments	1,439		435		(435)		1,439
Total Interest Income	66,270		435		(367)		66,338
INTEREST EXPENSE
Deposits	23,311		—		(435)		22,876
Other borrowings and subordinated debt and debentures	655		1,461		—		2,116
Total Interest Expense	23,966		1,461		(435)		24,992
Net Interest Income	42,304		(1,026)		68		41,346
Provision for credit losses	19		—		—		19
Net Interest Income After Provision for Credit Losses	42,285		(1,026)		68		41,327
NON-INTEREST INCOME
Interchange income	3,401		—		—		3,401
Service charges on deposit accounts	2,937		—		—		2,937
Net gains on mortgage loans	1,306		—		27		1,333
Mortgage loan servicing, net	2,091		—		—		2,091
Other	5,307		264		(161)		5,410
Total Non-interest Income	15,042		264		(134)		15,172
NON-INTEREST EXPENSE
Compensation and employee benefits	21,164		113		(26)		21,251
Data processing	3,240		17		—		3,257
Occupancy, net	1,880		6		—		1,886
Interchange expense	1,127		—		—		1,127
Furniture, fixtures and equipment	947		1		—		948
Advertising	785		3		—		788
FDIC deposit insurance	695		—		—		695
Legal and professional	472		72		—		544
Loan and collection	699		—		—		699
Communications	493		6		—		499
Other	1,449		190		—		1,639
Total Non-interest Expense	32,951		408		(26)		33,333
Income Before Income Tax	24,376		(1,170)		(40)		23,166
Income tax expense	4,913		(265)		(10)		4,638
Net Income	$	19,463	$	(905)	$	(30)	$	18,528

OTHER SEGMENT DISCLOSURES
Depreciation	1,305		1		—		1,306
Amortization	129		—		—		129
Total assets	5,273,093		518,845		(514,438)		5,277,500

(1) Includes amounts relating to our parent company and certain insignificant operations.


	Six Months Ended June 30, 2025
	Independent Bank		Other(1)		Eliminations		Total
	(In thousands)
INTEREST INCOME
Interest and fees on loans	$	117,165	$	—	$	138	$	117,303
Interest on securities	13,375		—		—		13,375
Other investments	2,344		739		(739)		2,344
Total Interest Income	132,884		739		(601)		133,022
INTEREST EXPENSE
Deposits	42,156		—		(739)		41,417
Other borrowings and subordinated debt and debentures	446		2,859		—		3,305
Total Interest Expense	42,602		2,859		(739)		44,722
Net Interest Income	90,282		(2,120)		138		88,300
Provision for credit losses	2,221		—		—		2,221
Net Interest Income After Provision for Credit Losses	88,061		(2,120)		138		86,079
NON-INTEREST INCOME
Interchange income	6,517		—		—		6,517
Service charges on deposit accounts	5,795		—		—		5,795
Net gains on mortgage loans	3,806		—		128		3,934
Mortgage loan servicing, net	(146)		—		—		(146)
Other	5,419		628		(398)		5,649
Total Non-interest Income	21,391		628		(270)		21,749
NON-INTEREST EXPENSE
Compensation and employee benefits	41,313		265		(72)		41,506
Data processing	7,538		38		—		7,576
Occupancy, net	4,257		12		—		4,269
Interchange expense	2,296		—		—		2,296
Furniture, fixtures and equipment	1,677		1		—		1,678
Advertising	1,690		4		—		1,694
FDIC deposit insurance	1,348		—		—		1,348
Legal and professional	779		200		—		979
Loan and collection	1,530		—		—		1,530
Communications	1,047		14		—		1,061
Other	3,694		393		—		4,087
Total Non-interest Expense	67,169		927		(72)		68,024
Income Before Income Tax	42,283		(2,419)		(60)		39,804
Income tax expense	8,110		(760)		(13)		7,337
Net Income	$	34,173	$	(1,659)	$	(47)	$	32,467

OTHER SEGMENT DISCLOSURES
Depreciation	2,596		1		—		2,597
Amortization	244		—		—		244
Total assets	5,411,119		562,462		(555,062)		5,418,519

(1) Includes amounts relating to our parent company and certain insignificant operations.


	Six Months Ended June 30, 2024
	Independent Bank			Other(1)		Eliminations		Total
	(In thousands)
INTEREST INCOME
Interest and fees on loans	$	111,705		$	—	$	124	$	111,829
Interest on securities	16,755			—		—		16,755
Other investments	2,880			833		(833)		2,880
Total Interest Income	131,340			833		(709)		131,464
INTEREST EXPENSE
Deposits	46,519			—		(833)		45,686
Other borrowings and subordinated debt and debentures	1,304			2,931		—		4,235
Total Interest Expense	47,823			2,931		(833)		49,921
Net Interest Income	83,517			(2,098)		124		81,543
Provision for credit losses	763			—		—		763
Net Interest Income After Provision for Credit Losses	82,754			(2,098)		124		80,780
NON-INTEREST INCOME
Interchange income	6,552			—		—		6,552
Service charges on deposit accounts	5,809			—		—		5,809
Net gains on mortgage loans	2,625			—		72		2,697
Mortgage loan servicing, net	4,816			—		—		4,816
Other	7,667			479		(287)		7,859
Total Non-interest Income	27,469			479		(215)		27,733
NON-INTEREST EXPENSE
Compensation and employee benefits	41,844			227		(50)		42,021
Data processing	6,476			36		—		6,512
Occupancy, net	3,948		0	12		—		3,960
Interchange expense	2,224			—		—		2,224
Furniture, fixtures and equipment	1,900			2		—		1,902
Advertising	1,274			5		—		1,279
FDIC deposit insurance	1,477			—		—		1,477
Legal and professional	810			220		—		1,030
Loan and collection	1,211			—		—		1,211
Communications	1,103			11		—		1,114
Other	2,418			378		—		2,796
Total Non-interest Expense	64,685			891		(50)		65,526
Income Before Income Tax	45,538			(2,510)		(41)		42,987
Income tax expense	9,040			(563)		(9)		8,468
Net Income	$	36,498		$	(1,947)	$	(32)	$	34,519

OTHER SEGMENT DISCLOSURES
Depreciation	2,596			2		—		2,598
Amortization	258			—		—		258
Total assets	5,273,093			518,845		(514,438)		5,277,500

(1) Includes amounts relating to our parent company and certain insignificant operations.