Independent Bank (IBCP) 8-K Entry into a Material Definitive Agreement

Exhibit 99.2

INDEPENDENT BANK CORPORATION AND SUBSIDIARIES
Supplemental Data

Non-performing assets

	September 30, 2007		December 31, 2006
	(dollars in thousands)
Non-accrual loans	$	64,973	$	35,683
Loans 90 days or more past due and
still accruing interest(1)		14,061		3,479
Restructured loans		176		60
Total non-performing loans		79,210		39,222
Other real estate		5,615		3,153
Total non-performing assets	$	84,825	$	42,375
As a percent of Portfolio Loans
Non-performing loans		3.15 %		1.58 %
Allowance for loan losses		1.69		1.08
Non-performing assets to total assets		2.60		1.24
Allowance for loan losses as a percent of
non-performing loans		53		69

⁽¹⁾ The balance of loans 90 days or more past due and still accruing interest at September 30, 2007, includes one commercial relationship (consisting of three loans) totaling $8.4 million that was brought current on October 5, 2007.

Allowance for loan losses

	Nine months ended September 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		33,420			347		8,557			(176	)
Recoveries credited to allowance		1,741					1,635
Loans charged against the allowance		(19,713	)				(8,165	)
Balance at end of period	$	42,327		$	2,228	$	24,447		$	1,644
Net loans charged against the allowance to
average Portfolio Loans (annualized)		0.96	%				0.33	%

Alternative Sources of Funds

	September 30, 2007						December 31, 2006
	Amount		Average Maturity		Rate		Amount		Average Maturity		Rate
	(dollars in thousands)
Brokered CDs(1,2)	$	704,702		1.7 years		4.77%	$	1,055,010		1.9 years		4.72%
Fixed rate FHLB advances(1)		100,067		2.5 years		5.50		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								84,081		1 day		5.40
Total	$	804,769		1.8 years		4.86%	$	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.

(2) The balance of Brokered CD’s at December 31, 2006 includes $165.496 million related to discontinued operations.

Capitalization

	September 30, 2007			December 31, 2006
	(in thousands)
Unsecured debt	$	3,500		$	5,000
Subordinated debentures		92,888			64,197
Amount not qualifying as regulatory capital		(2,788	)		(1,847	)
Amount qualifying as regulatory capital		90,100			62,350
Shareholders' Equity
Preferred stock, no par value
Common stock, par value $1.00 per share		22,599			22,865
Capital surplus		195,206			200,241
Retained earnings		25,094			31,420
Accumulated other comprehensive income		1,534			3,641
Total shareholders' equity		244,433			258,167
Total capitalization	$	338,033		$	325,517

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Non-Interest Income

	Three months ended						Nine months ended
	September 30,		June 30,		September 30,		September 30,
	2007		2007		2006		2007		2006
	(in thousands)
Service charges on deposit
accounts	$	6,565	$	6,380	$	5,285	$	17,833	$	14,784
Mepco litigation settlement										2,800
Net gains on assets sales
Real estate mortgage loans		1,094		1,238		1,115		3,413		3,329
Securities		52		128				259		171
VISA check card interchange income		1,287		1,292		870		3,529		2,532
Real estate mortgage loan servicing		633		712		561		1,872		1,835
Mutual fund and annuity commissions		517		467		324		1,463		970
Bank owned life insurance		471		448		402		1,368		1,195
Title insurance fees		363		430		416		1,207		1,298
Manufactured home loan origination fees
and commissions		10		115		214		239		700
Other		1,537		1,563		1,534		4,789		4,490
Total non-interest income	$	12,529	$	12,773	$	10,721	$	35,972	$	34,104

Real Estate Mortgage Loan Activity

	Three months ended									Nine months ended
	September 30,			June 30,			September 30,			September 30,
	2007			2007			2006			2007			2006
	(in thousands)
Real estate mortgage loans originated		113,563			129,613			146,384			359,991			400,818
Real estate mortgage loans sold		77,154			77,913			75,517			224,279			208,987
Real estate mortgage loans sold with
servicing rights released		14,121			12,604			13,678			38,404			30,058
Net gains on the sale of real estate   mortgage loans		1,094			1,238			1,115			3,413			3,329
Net gains as a percent of real estate
mortgage loans sold ("Loan Sale   Margin")		1.42	%		1.59	%		1.48	%		1.52	%		1.59	%
SFAS #133 adjustments included in the
Loan Sale Margin		(0.06	)		0.00			(0.05	)		(0.03	)		0.01

Capitalized Real Estate Mortgage Loan Servicing Rights

	Three months ended September 30,						Nine months ended September 30,
	2007			2006			2007			2006
	(in thousands)
Balance at beginning of period	$	15,443		$	14,128		$	14,782		$	13,439
Originated servicing rights capitalized		760			742			2,222			2,136
Amortization		(381	)		(398	)		(1,220	)		(1,114	)
(Increase)/decrease in impairment reserve		8			(19	)		46			(8	)
Balance at end of period	$	15,830		$	14,453		$	15,830		$	14,453
Impairment reserve at end of period	$	22		$	19		$	22		$	19

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Non-Interest Expense

	Three months ended								Nine months ended
	September 30,		June 30,			September 30,			September 30,
	2007		2007			2006			2007		2006
	(in thousands)
Salaries		9,771		10,776			9,483			30,548		28,217
Performance-based compensation and benefits		1,287		1,153			(140	)		3,761		1,664
Other benefits		2,563		2,855			2,320			8,064		7,597
Compensation and employee benefits		13,621		14,784			11,663			42,373		37,478
Occupancy, net		2,521		2,735			2,208			7,870		7,315
Furniture, fixtures and equipment		1,798		1,991			1,667			5,689		5,183
Data processing		1,753		1,912			1,378			5,103		4,138
Advertising		1,472		1,341			1,006			3,965		3,009
Loan and collection		1,285		1,221			909			3,512		2,714
Credit card and bank service fees		939		970			958			2,876		2,880
Communications		962		1,014			861			2,806		2,704
Supplies		590		581			535			1,778		1,560
Amortization of intangible assets		934		935			600			2,439		1,800
Legal and professional		504		457			453			1,467		1,337
Branch acquisition and conversion costs				(92	)					330
Goodwill impairment										343		612
Other		1,993		1,952			1,112			5,588		4,398
Total non-interest expense	$	28,372	$	29,801		$	23,350		$	86,139	$	75,128

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Average Balances and Tax Equivalent Rates

	Three Months Ended September 30,
	2007							2006
	Average Balance		Interest		Rate			Average Balance		Interest		Rate
Assets	(dollars in thousands)
Taxable loans(1)	$	2,528,039	$	50,835		8.00	%	$	2,481,099	$	49,267		7.90	%
Tax-exempt loans(1,2)		9,079		163		7.12			7,296		129		7.01
Taxable securities		163,321		2,308		5.61			202,905		2,713		5.30
Tax-exempt securities(2)		223,634		3,897		6.91			245,972		4,102		6.62
Other investments		20,196		232		4.56			15,580		191		4.86
Interest Earning Assets -
Continuing Operations		2,944,269		57,435		7.75			2,952,852		56,402		7.60
Cash and due from banks		34,873							53,384
Taxable loans - discontinued operations		604							208,795
Other assets, net		245,888							214,081
Total Assets	$	3,225,634						$	3,429,112
Liabilities
Savings and NOW	$	996,125		4,942		1.97		$	863,260		3,664		1.68
Time deposits		1,432,098		17,648		4.89			1,439,676		16,384		4.52
Long-term debt		1,995		23		4.57			3,995		47		4.67
Other borrowings		160,699		2,941		7.26			300,416		4,739		6.26
Interest Bearing Liabilities-
Continuing Operations		2,590,917		25,554		3.91			2,607,347		24,834		3.78
Demand deposits		316,873							283,518
Time deposits - discontinued operations		434							182,302
Other liabilities		71,430							96,158
Shareholders' equity		245,980							259,787
Total liabilities and shareholders' equity	$	3,225,634						$	3,429,112
Tax Equivalent Net Interest Income			$	31,881						$	31,568
Tax Equivalent Net Interest Income
as a Percent of Earning Assets						4.31	%						4.26	%

(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

	Nine Months Ended September 30,
	2007							2006
	Average Balance		Interest		Rate			Average Balance		Interest		Rate
Assets	(dollars in thousands)
Taxable loans(1)	$	2,520,661	$	151,152		8.01	%	$	2,450,857	$	143,607		7.83	%
Tax-exempt loans(1,2)		9,450		489		6.92			6,594		349		7.08
Taxable securities		185,707		7,377		5.31			211,640		8,358		5.28
Tax-exempt securities(2)		230,998		12,087		7.00			249,624		13,133		7.03
Other investments		25,732		1,010		5.25			16,787		613		4.88
Interest Earning Assets -
Continuing Operations		2,972,548		172,115		7.73			2,935,502		166,060		7.56
Cash and due from banks		30,663							53,664
Taxable loans - discontinued operations		11,274							201,734
Other assets, net		244,780							209,686
Total Assets	$	3,259,265						$	3,400,586
Liabilities
Savings and NOW	$	964,895		13,919		1.93		$	864,102		9,729		1.51
Time deposits		1,486,616		54,457		4.90			1,385,807		43,217		4.17
Long-term debt		2,491		86		4.62			4,491		156		4.64
Other borrowings		163,237		8,495		6.96			340,492		14,661		5.76
Interest Bearing Liabilities-
Continuing Operations		2,617,239		76,957		3.93			2,594,892		67,763		3.49
Demand deposits		303,045							278,845
Time deposits - discontinued operations		8,176							175,340
Other liabilities		77,548							97,006
Shareholders' equity		253,257							254,503
Total liabilities and shareholders' equity	$	3,259,265						$	3,400,586
Tax Equivalent Net Interest Income			$	95,158						$	98,297
Tax Equivalent Net Interest Income
as a Percent of Earning Assets						4.27	%						4.47	%

(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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Commercial Loan Portfolio Analysis as of September 30, 2007

	Total Commercial Loans
Loan Category	All Loans		Watch Credits Performing		Watch Credits Non-performing		Total Watch Credits		Percent of Loan Category in Watch Credit
	(dollars in thousands)
Land	$	34,117	$	5,211	$	16,733	$	21,944		64.3	%
Land Development		57,487		18,237		13,969		32,206		56.0	%
Construction		93,054		20,726		3,998		24,724		26.6	%
Income Producing		335,775		26,715		9,688		36,403		10.8	%
Owner occupied		343,774		37,724		5,792		43,516		12.7	%
Total Commercial Real Estate Loans(1)	$	864,207	$	108,613		50,180	$	158,793		18.4	%
Other Commercial Loans(1)	$	199,000	$	23,952		1,607	$	25,559		12.8	%
Non-performing not in watch credit						216
Total non-performing commercial loans					$	52,003

	Commercial Loans in Southeastern Michigan
Loan Category	All Loans		Watch Credits Performing		Watch Credits Non-performing		Total Internal Watch Credits		Percent of Loan Category in Watch Credit
Land	$	23,360	$	3,520	$	14,783	$	18,303		78.4	%
Land Development		24,606		5,477		10,674		16,151		65.6	%
Construction		21,289		3,544		1,688		5,232		24.6	%
Income Producing		126,488		10,006		7,541		17,547		13.9	%
Owner occupied		124,278		19,224		1,907		21,131		17.0	%
Total Commercial Real Estate Loans	$	320,021	$	41,771		36,593	$	78,364		24.5	%
Other Commercial Loans	$	72,000	$	8,296		980	$	9,276		12.9	%
Non-performing not in watch credit						154
					$	37,727

(1) The total of these two categories is different than the September 30, 2007, Consolidated Statement of Financial Condition due primarily to loans in process.

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