
	2025
	Independent Bank		Other(1)		Eliminations		Total
	(In thousands)
INTEREST INCOME
Interest and fees on loans	$	238,532	$	—	$	301	$	238,833
Interest on securities	25,948		—		—		25,948
Other investments	4,956		1,356		(1,356)		4,956
Total Interest Income	269,436		1,356		(1,055)		269,737
INTEREST EXPENSE
Deposits	84,854		—		(1,356)		83,498
Other borrowings and subordinated debt and debentures	828		5,396		—		6,224
Total Interest Expense	85,682		5,396		(1,356)		89,722
Net Interest Income	183,754		(4,040)		301		180,015
Provision for credit losses	6,135		—		—		6,135
Net Interest Income After Provision for Credit Losses	177,619		(4,040)		301		173,880
NON-INTEREST INCOME
Interchange income	13,860		—		—		13,860
Service charges on deposit accounts	12,022		—		—		12,022
Net gains on mortgage loans	6,543		—		237		6,780
Mortgage loan servicing, net	827		—		—		827
Other	11,751		1,278		(874)		12,155
Total Non-interest Income	45,003		1,278		(637)		45,644
NON-INTEREST EXPENSE
Compensation and employee benefits	84,799		545		(150)		85,194
Data processing	14,709		79		—		14,788
Occupancy, net	8,544		23		—		8,567
Interchange expense	4,641		—		—		4,641
Furniture, fixtures and equipment	3,464		3		—		3,467
Advertising	3,202		9		—		3,211
FDIC deposit insurance	2,824		—		—		2,824
Loan and collection	2,737		—		—		2,737
Legal and professional	2,009		439		—		2,448
Communications	1,972		25		—		1,997
Other	7,559		800		—		8,359
Total Non-interest Expense	136,460		1,923		(150)		138,233
Income Before Income Tax	86,162		(4,685)		(186)		81,291
Income tax expense	14,195		(1,406)		(39)		12,750
Net Income	$	71,967	$	(3,279)	$	(147)	$	68,541

OTHER SEGMENT DISCLOSURES
Depreciation	$	4,991	$	2	$	—	$	4,993
Amortization	487		—		—		487
Total assets	5,499,615		565,709		(559,604)		5,505,720


	2024
	Independent Bank		Other(1)		Eliminations		Total
	(In thousands)
INTEREST INCOME
Interest and fees on loans	$	228,325	$	—	$	260	$	228,585
Interest on securities	31,983		—		—		31,983
Other investments	6,208		1,746		(1,746)		6,208
Total Interest Income	266,516		1,746		(1,486)		266,776
INTEREST EXPENSE
Deposits	94,440		—		(1,746)		92,694
Other borrowings and subordinated debt and debentures	2,016		5,818		—		7,834
Total Interest Expense	96,456		5,818		(1,746)		100,528
Net Interest Income	170,060		(4,072)		260		166,248
Provision for credit losses	4,468		—		—		4,468
Net Interest Income After Provision for Credit Losses	165,592		(4,072)		260		161,780
NON-INTEREST INCOME
Interchange income	13,992		—		—		13,992
Service charges on deposit accounts	11,870		—		—		11,870
Net gains on mortgage loans	6,374		—		205		6,579
Mortgage loan servicing, net	9,447		—		—		9,447
Other	14,074		1,082		(682)		14,474
Total Non-interest Income	55,757		1,082		(477)		56,362
NON-INTEREST EXPENSE
Compensation and employee benefits	84,580		493		(118)		84,955
Data processing	13,505		74		—		13,579
Occupancy, net	7,782		24		—		7,806
Interchange expense	4,504		—		—		4,504
Furniture, fixtures and equipment	3,759		3		—		3,762
Advertising	3,049		9		—		3,058
FDIC deposit insurance	2,870		—		—		2,870
Legal and professional	2,163		403		—		2,566
Loan and collection	2,474		—		—		2,474
Communications	2,073		22		—		2,095
Other	6,674		753		—		7,427
Total Non-interest Expense	133,433		1,781		(118)		135,096
Income Before Income Tax	87,916		(4,771)		(99)		83,046
Income tax expense	17,334		(1,057)		(21)		16,256
Net Income	$	70,582	$	(3,714)	$	(78)	$	66,790

OTHER SEGMENT DISCLOSURES
Depreciation	$	5,185	$	3	$	—	$	5,188
Amortization	516		—		—		516
Total assets	5,328,488		549,242		(539,626)		5,338,104


	2023
	Independent Bank		Other(1)		Eliminations		Total
	(In thousands)
INTEREST INCOME
Interest and fees on loans	$	197,489	$	—	$	236	$	197,725
Interest on securities	36,523		—		—		36,523
Other investments	5,429		1,317		(1,317)		5,429
Total Interest Income	239,441		1,317		(1,081)		239,677
INTEREST EXPENSE
Deposits	76,392		—		(1,317)		75,075
Other borrowings and subordinated debt and debentures	2,547		5,726		—		8,273
Total Interest Expense	78,939		5,726		(1,317)		83,348
Net Interest Income	160,502		(4,409)		236		156,329
Provision for credit losses	6,210		—		—		6,210
Net Interest Income After Provision for Credit Losses	154,292		(4,409)		236		150,119
NON-INTEREST INCOME
Interchange income	13,996		—		—		13,996
Service charges on deposit accounts	12,361		—		—		12,361
Net gains on mortgage loans	7,270		—		166		7,436
Mortgage loan servicing, net	4,626		—		—		4,626
Other	11,867		927		(537)		12,257
Total Non-interest Income	50,120		927		(371)		50,676
NON-INTEREST EXPENSE
Compensation and employee benefits	78,444		609		(88)		78,965
Data processing	11,790		72		—		11,862
Occupancy, net	7,884		24		—		7,908
Interchange expense	4,332		—		—		4,332
Furniture, fixtures and equipment	3,751		5		—		3,756
Advertising	2,156		9		—		2,165
FDIC deposit insurance	3,005		—		—		3,005
Legal and professional	1,748		460		—		2,208
Loan and collection	2,174		—		—		2,174
Communications	2,381		25		—		2,406
Other	7,537		801		—		8,338
Total Non-interest Expense	125,202		2,005		(88)		127,119
Income Before Income Tax	79,210		(5,487)		(47)		73,676
Income tax expense	15,842		(1,223)		(10)		14,609
Net Income	$	63,368	$	(4,264)	$	(37)	$	59,067

OTHER SEGMENT DISCLOSURES
Depreciation	$	5,178	$	5	$	—	$	5,183
Amortization	547		—		—		547
Total assets	5,259,523		493,158		(488,955)		5,263,726