Independent Bank (IBCP) 8-K Results of Operations and Financial Condition

Exhibit 99.2

INDEPENDENT BANK CORPORATION AND SUBSIDIARIES
Supplemental Data

Non-performing assets

	June 30, 2007			December 31, 2006
	(dollars in thousands)
Non-accrual loans	$	47,544		$	35,683
Loans 90 days or more past due and
still accruing interest		7,165			3,479
Restructured loans		181			60
Total non-performing loans		54,890			39,222
Other real estate		5,363			3,153
Total non-performing assets	$	60,253		$	42,375
As a percent of Portfolio Loans
Non-performing loans		2.20	%		1.58	%
Allowance for loan losses		1.53			1.08
Non-performing assets to total assets		1.85			1.24
Allowance for loan losses as a percent of
non-performing loans		70			69

Allowance for loan losses

	Six months ended June 30,
	2007					2006
	Loan Losses			Unfunded Commitments		Loan Losses			Unfunded Commitments
	(in thousands)
Balance at beginning of period	$	26,879		$	1,881	$	22,420		$	1,820
Additions (deduction)
Provision charged to operating expense		22,658			374		3,979			(82	)
Recoveries credited to allowance		1,140					1,225
Loans charged against the allowance		(12,464	)				(4,056	)
Balance at end of period	$	38,213		$	2,255	$	23,568		$	1,738
Net loans charged against the allowance to
average Portfolio Loans (annualized)		0.92	%				0.24	%

Alternative Sources of Funds

	June 30, 2007							December 31, 2006
	Amount		Average Maturity		Rate			Amount		Average Maturity		Rate
	(dollars in thousands)
Brokered CDs(1)	$	812,929		1.7 years		4.71	%	$	1,055,010		1.9 years		4.72	%
Fixed rate FHLB advances(1)		43,199		5.6 years		6.08			58,272		4.6 years		5.66
Variable rate FHLB advances(1)									2,000		0.5 years		5.31
Securities sold under agreements to
Repurchase(1)									83,431		0.1 years		5.34
Federal funds purchased		17,517		1 day		5.50			84,081		1 day		5.40
Total	$	873,645		1.9 years		4.80	%	$	1,282,794		1.8 years		4.85	%

(1)     Certain of these items have had their average maturity and rate altered through the use of derivative instruments, including pay-fixed and pay-variable interest rate swaps.

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Capitalization

	June 30, 2007			December 31, 2006
	(in thousands)
Unsecured debt	$	4,000		$	5,000
Subordinated debentures		72,269			64,197
Amount not qualifying as regulatory capital		(2,169	)		(1,847	)
Amount qualifying as regulatory capital		70,100			62,350
Shareholders' Equity
Preferred stock, no par value
Common stock, par value $1.00 per share		22,586			22,865
Capital surplus		195,014			200,241
Retained earnings		26,138			31,420
Accumulated other comprehensive income		296			3,641
Total shareholders' equity		244,034			258,167
Total capitalization	$	318,134		$	325,517

Non-Interest Income

	Three months ended						Six months ended
	June 30,		March 31,		June 30,		June 30,
	2007		2007		2006		2007		2006
	(in thousands)
Service charges on deposit
accounts	$	6,380	$	4,888	$	5,031	$	11,268	$	9,499
Mepco litigation settlement										2,800
Net gains on assets sales
Real estate mortgage loans		1,238		1,081		1,188		2,319		2,214
Securities		128		79		171		207		171
VISA check card interchange income		1,292		950		871		2,242		1,662
Real estate mortgage loan servicing		712		527		621		1,239		1,274
Mutual fund and annuity commissions		467		479		351		946		646
Bank owned life insurance		448		449		401		897		793
Title insurance fees		430		414		440		844		882
Manufactured home loan origination fees
and commissions		115		114		247		229		486
Other		1,563		1,689		1,524		3,252		2,956
Total non-interest income	$	12,773	$	10,670	$	10,845	$	23,443	$	23,383

Real Estate Mortgage Loan Activity

	Three months ended									Six months ended
	June 30,			March 31,			June 30,			June 30,
	2007			2007			2006			2007			2006
	(in thousands)
Real estate mortgage loans originated	$	129,613		$	116,815		$	135,783		$	246,428		$	254,434
Real estate mortgage loans sold		77,913			69,212			73,223			147,125			133,470
Real estate mortgage loans sold with servicing
rights released		12,604			11,679			8,936			24,283			16,380
Net gains on the sale of real estate mortgage loans		1,238			1,081			1,188			2,319			2,214
Net gains as a percent of real estate mortgage
loans sold ("Loan Sale Margin")		1.59	%		1.56	%		1.62	%		1.58	%		1.66	%
SFAS #133 adjustments included in the Loan
Sale Margin		0.00			(0.04	)		(0.13	)		0.00			0.05

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Capitalized Real Estate Mortgage Loan Servicing Rights

	Three months ended June 30,						Six months ended June 30,
	2007			2006			2007			2006
	(in thousands)
Balance at beginning of period	$	14,961		$	13,728		$	14,782		$	13,439
Originated servicing rights capitalized		776			760			1,462			1,394
Amortization		(432	)		(371	)		(839	)		(716	)
(Increase)/decrease in impairment reserve		138			11			38			11
Balance at end of period	$	15,443		$	14,128		$	15,443		$	14,128
Impairment reserve at end of period	$	30					$	30

Non-Interest Expense

	Three months ended							Six months ended
	June 30,			March 31,		June 30,		June 30,
	2007			2007		2006		2007		2006
	(in thousands)
Salaries	$	10,776		$	10,001	$	9,358	$	20,777	$	18,734
Performance-based compensation and benefits		1,153			1,321		315		2,474		1,804
Other benefits		2,855			2,646		2,601		5,501		5,277
Compensation and employee benefits		14,784			13,968		12,274		28,752		25,815
Occupancy, net		2,735			2,614		2,420		5,349		5,107
Furniture, fixtures and equipment		1,991			1,900		1,733		3,891		3,516
Data processing		1,912			1,438		1,418		3,350		2,760
Advertising		1,341			1,152		1,016		2,493		2,003
Loan and collection		1,221			1,006		982		2,227		1,805
Credit card and bank service fees		970			967		1,015		1,937		1,922
Communications		1,014			830		852		1,844		1,843
Supplies		581			607		516		1,188		1,025
Amortization of intangible assets		935			570		600		1,505		1,200
Legal and professional		457			506		396		963		884
Branch acquisition and conversion costs		(92	)		422				330
Goodwill impairment					343		612		343		612
Other		1,952			1,643		1,706		3,595		3,286
Total non-interest expense	$	29,801		$	27,966	$	25,540	$	57,767	$	51,778

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Average Balances and Tax Equivalent Rates

	Three Months Ended June 30,
	2007							2006
	Average Balance		Interest		Rate			Average Balance		Interest		Rate
	(dollars in thousands)
Assets
Taxable loans (1)	$	2,523,614	$	50,468		8.01	%	$	2,461,397	$	48,362		7.87	%
Tax-exempt loans (1,2)		9,761		166		6.82			6,577		115		7.01
Taxable securities		202,342		2,592		5.14			210,785		2,797		5.32
Tax-exempt securities (2)		230,873		4,069		7.07			248,301		4,498		7.27
Other investments		38,068		464		4.89			17,359		199		4.60
Interest Earning Assets -
Continuing Operations		3,004,658		57,759		7.70			2,944,419		55,971		7.62
Cash and due from banks		49,947							52,906
Taxable loans - discontinued operations		744							201,017
Other assets, net		230,147							210,694
Total Assets	$	3,285,496						$	3,409,036
Liabilities
Savings and NOW	$	994,116		4,728		1.91		$	850,491		3,077		1.45
Time deposits		1,521,496		18,650		4.92			1,354,352		13,894		4.11
Long-term debt		2,495		29		4.66			4,495		52		4.64
Other borrowings		129,781		2,284		7.06			398,925		5,655		5.69
Interest Bearing Liabilities -
Continuing Operations		2,647,888		25,691		3.89			2,608,263		22,678		3.49
Demand deposits		300,329							277,340
Time deposits - discontinued operations		527							176,316
Other liabilities		82,591							91,716
Shareholders' equity		254,161							255,401
Total liabilities and shareholders' equity	$	3,285,496						$	3,409,036
Tax Equivalent Net Interest Income			$	32,068						$	33,293
Tax Equivalent Net Interest Income
as a Percent of Earning Assets						4.27	%						4.53	%

(1)	All domestic
(2)	Interest on tax-exempt loans and securities is presented on a fully tax equivalent basis assuming a marginal tax rate of 35%

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Average Balances and Tax Equivalent Rates

	Six Months Ended June 30,
	2007							2006
	Average Balance		Interest		Rate			Average Balance		Interest		Rate
	(dollars in thousands)
Assets
Taxable loans (1)	$	2,517,273	$	100,317		8.01	%	$	2,434,790	$	94,340		7.79	%
Tax-exempt loans (1,2)		9,639		326		6.82			6,237		220		7.11
Taxable securities		193,787		5,069		5.27			216,082		5,645		5.27
Tax-exempt securities (2)		234,741		8,190		7.04			251,482		9,031		7.24
Other investments		31,850		778		4.93			17,398		422		4.89
Interest Earning Assets -
Continuing Operations		2,987,290		114,680		7.72			2,925,989		109,658		7.54
Cash and due from banks		51,907							54,012
Taxable loans - discontinued operations		16,737							198,099
Other assets, net		218,120							207,656
Total Assets	$	3,274,054						$	3,385,756
Liabilities
Savings and NOW	$	949,021		8,977		1.91		$	864,533		6,065		1.41
Time deposits		1,514,266		36,809		4.90			1,358,177		26,833		3.98
Long-term debt		2,743		63		4.63			4,743		109		4.63
Other borrowings		164,529		5,554		6.81			360,862		9,922		5.54
Interest Bearing Liabilities-
Continuing Operations		2,630,559		51,403		3.94			2,588,315		42,929		3.34
Demand deposits		291,598							276,647
Time deposits - discontinued operations		12,173							172,051
Other liabilities		82,828							96,930
Shareholders' equity		256,896							251,813
Total liabilities and shareholders' equity	$	3,274,054						$	3,385,756
Tax Equivalent Net Interest Income			$	63,277						$	66,729
Tax Equivalent Net Interest Income
as a Percent of Earning Assets						4.25	%						4.58	%

(1)	All domestic
(2)	Interest on tax-exempt loans and securities is presented on a fully tax equivalent basis assuming a marginal tax rate of 35%

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