secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP /MI/ (IBCP)
CIK:        0000039311
Form:       8-K
Filed at:   2021-07-29T23:59:59+00:00
Accession:  0001140361-21-025990
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39311/000114036121025990/0001140361-21-025990-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39311/000114036121025990/brhc10027222_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-025990

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