Independent Bank Corporation · NASDAQ:IBCP
Independent Bank — Q1 2008 Earnings Presentation
16 slides from Independent Bank's earnings presentation, Apr 24, 2008
Slide 1: Yield on Earning Assets, Cost of Funds, Net Interest Margin
5 5 % 7.74% % 7.75% % 7.46% 7.62% 7.60% _7.69% 7.70% 765% oe 426% 423% 423% 427% 431% 422% 430% 3474 3.54% i 344% 3-4: 334% 343% 3% 3.09% 3.07% 1006 2006 06 4006 1007 2007 3007 4Q07 19 08 Yield on Earning Assets —-— Cost of Funds ——Net Interest Margin
Slide 2: Net Interest Income
Net Interest Income (§ In 00's) PEPEPGaGdl ae 1006 & cS iN iil | | 200 3006 4006 1007 2007 307 4007 1Q
Slide 3: D peseyorg
ig (uo g 3 D 00 peseyorg 5 eranor snanoo7 sear 1REN2006 api
Slide 4: Dollars In 000's
Dollars In 000's e ° eS = — = oS $ 5 aay oS e = Bs — | 1006 2006 3006 4006 1Q07 2007 307 4Q07 1Q08
Slide 5: Loans, Deposits and Total Assets
400 $350 B $2.09 $2.06 oS 3100 3050 30.00 128103 284 RBM BTZIG REBvQNOT sm Loans. ss Deposits + Total assets
Slide 6: Commercial Loan Outstandings
8 8 8 Outstandings (in Thousands} 3 g 8 g 8 Commercial Loan Outstandings 4231/2003. 1281/2004" 12/30/2005 12/31/2006 14/34/2007 v34/2008. «2292008 «93112008 Period
Slide 7: Commercial Portfolio Segments
'5400,000 5950,000 '5900,000 '5250,000 '5200,000 3150,000 '3100,000 350,000 Commercial Portfolio Segments jams 2007 119 2008, | Vacaat Land Land Developmest Comstrucion Income Producing Owner Occupied ca
Slide 8: IBC Internal Watch Credits
Outstandings (000's) IBC Internal Watch Credits as of 3/31/2008 $250,000 $200,000 $150,000 $100,000 | | $50,000 “eH, SEES EEEESESEEFEFESESS Period End mwNon Accrual / Non Performing @ Substandard G Monitored / Watch
Slide 9: IBC Total Commercial vs. Internal Watch Credit
IBC Total Commercial vs. Internal Watch Credit 3/ 31/ 2008 17%0f Tot al Portfolio om 41% of Watch, Credits
Slide 10: Commercial Loans 30+ Days Delinquent On Accrual Status
Commercial Loans 30+ Days Delinquent On Accrual Status (As % of Commercial Outstandings) 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Commercial Loans 30+ Days Delinquent On Accrual Status 8 hk. ee ae 12/31/2003 12/31/2004 12/31/2005 12/31/2006 12/31/2007 3/31/2008 Period
Slide 11: Commercial Loans On Non-Accrual
Commercial Loans On Non-Accrual (As % of Commercial Outstandings) 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% Commercial Loans On Non-Accrual Status ee 428112003 1231/2004 42812008 12/31/2006 Period 120812007 3081/2008
Slide 12: Quarterly Charge Offs as % of Commercial Outstandings
0.600% 0.500% 0.400% 0.300% 0.200% 0.100% 0.000% Quarterly Charge Offs as % of Commercial Outstandings 9.003% 0020% Oo 3105 6105 9105 12105 3108 6106 90s 12106 yor. OT. OT 1207 wos
Slide 13: Total Retail Loan Balances
Outatandings (in thousands) i z $200,000 Total Reta” Loan Balances iB Mortgage Consumer 128106 aa eann7 anny paw anne
Slide 14: Retail Loans 30-89 Days Past Due
Retail Loans 30-89 Days Past Due [+= Consumer |—s—Morigage 250% z g z g nN = = = SBU]pUneNO eBeBYopeunsUod [901 Jo % 8 anv 6aN07 anu7 paWT aar2me 28106
Slide 15: Includes Non-Performing Loans, ORE and Repossessed Assets
Includes Non-Performing Loans, ORE and Repossessed Assets
Slide 16: Retail Charge offs
In (00's) $3,000 $2,500 $2,000 $1,500 $500 Retail Charge offs 406 07 207 307 a07 qs Consumer Net Charge offs Mortgage Net Charge offs