Independent Bank Corporation · NASDAQ:IBCP
Independent Bank — Q3 2007 Earnings Presentation
10 slides from Independent Bank's earnings presentation, Oct 29, 2007
Slide 1: Yield on Earning Assets, Cost of Funds and Net Interest Margin
9% 8% T% 6% 5% 4% 3% 2% 1% 0% —- —o— + + + + =) = a 7.62% 1.60% 7.69% 7.74% 7.70% 7.75% 721% c 47% ageh aa — 42% «423% 4.23% A21% AST% fs SAFY 3.549 43% 344% — 3.09% 2.82% 2.55% 4Q05 1906 20.06 30.06 49.06 1907 2007 3007 —¢ Yield on Earning Assets —— Cost of Funds —+ Net Interest Margin
Slide 2: Net Interest Income
Net Interest Income ($ in 00's) $34,000 $33,000 $32,000 $31,000 $30,000 $29,000 $28,000 $27,000 $26,000 $25,000 cai =o x & ¢ _ . x ne 2 Ss 1 a _ 3 = ~~ 1006 2Q 06 3Q 06 4Q06 1Q07 2007 3Q07
Slide 3: Dollars in 00's
Dollars in 00's $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 ae ~ P a e 2 rod os e vy | 1Q06 2Q06 3Q 06 4Q 06 1Q07 2Q07 3Q07
Slide 4: Loans, Deposits and Total Assets
Dollas $4.00 $3.60 $3.00 $260 §200 $1.60 $1.00 $0.60 $0.00 91.5881.62 1283108 §2.09§2.06 12/31/04 $3.36 Gs $3.36 12/31/05 12/31/2006 31/2007 se Loans ss Deposits Total assets eao/2007 gaa/2007
Slide 5: Commercial Loans by Region
12/31/2003 12/31/2004 12/31/2005 12/31/2006 3/31/2007 6/30/2007 9/30/2007 North $ 227,941 $ 270,917 $ 175,797 $ 178,542 $ 183,794 $ 181,196 $ 170,572 West $ 144,555 $ 171,909 $ 304,652 $ 335,852 $ 338,084 $ 336,302 $ 332,130 South $ 138,247 $ 171,047 $ 191,538 $ 211,986 $ 206,976 $ 211,730 $ 230,202
Slide 6: IBC Internal Watch Credits as of 9/30/2007
$200,000 $180,000 aq $160,000 $140,000 $60,000 $40,000 $20,000 $0 Outstandings (000" IBC Internal Watch Credits as of 9/30/2007 $120,000 4 $100,000 4 $80,000 4 4003 1004 4008 4006 2006 3006 4006 1007 2007 Dinteral Watch 7 &B internal Wateh 9 Non Accrual Non Perforring|
Slide 7: 30+ Delinquency
*30+ delinquency includes an $8.4 million credit relationship brought current subsequent to 9/30/07. Delinquency adjusted for this relationship would have been down (dotted line).
Slide 8: Commercial Loans On Non-Accrual
‘Commercial Loans On Non-Accrual Commercial Loans On Non-Accrual Status ==
Slide 9: IBC Total Commercial vs. Internal Watch Credit
IBC Total Commercial vs. Internal Watch Credit 9/ 30/ 2007 17.37 %af Tot al Prt folin 8, 96%
Slide 10: Geographic Diversity - Total Portfolio vs. Watch Credits at 9/30/07
Geographic Diver sity - Total Portfolio vs. Watch Credits at 9/30/07 North West 2% 32% of Total Portfolio Vee 42% of Total Watch Credits