---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-025990"
form_type: "8-K"
ticker: "IBCP"
cik: "0000039311"
company_name: "INDEPENDENT BANK CORP /MI/"
filed_at: "2021-07-29T23:59:59+00:00"
generated_at: "2026-06-30T01:12:20.724460+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Independent Bank Q2 net income $12.4M ($0.56 EPS) vs $14.8M year ago; mortgage gains drop

## Summary
- EPS $0.56 vs $0.67 in Q2 2020; net interest income up 3.1% to $31.4M.
- Net gains on mortgage loans $9.1M vs $17.6M; origination $473.7M.
- Non-interest expense $32.5M up from $27.3M, includes $1.1M conversion costs.
- Provision for credit losses credit of $1.4M; net recoveries $0.6M.
- Non-performing loans $5.1M (0.18% of loans); forbearance down 19.3% QoQ.

## SEC filing metadata
- accession: 0001140361-21-025990
- form_type: 8-K
- ticker: IBCP
- cik: 0000039311
- company_name: INDEPENDENT BANK CORP /MI/
- filed_at: 2021-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39311/000114036121025990/0001140361-21-025990-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39311/000114036121025990/brhc10027222_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-025990
- JSON: https://secwatch.observer/filing/0001140361-21-025990.json
- Plain text: https://secwatch.observer/filing/0001140361-21-025990.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.