Document

Exhibit 99.2

INDEPENDENT BANK CORPORATION AND SUBSIDIARIES

Supplemental Data

Non-performing assets


	March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025
	(Dollars in thousands)
Non-accrual loans	$	37,775		$	33,074		$	22,598		$	10,453		$	9,026
Loans 90 days or more past due and still accruing interest	—			—			—			—			—
Subtotal	37,775			33,074			22,598			10,453			9,026
Less: Government guaranteed loans	10,202			9,947			2,243			2,249			1,940
Total non-performing loans	27,573			23,127			20,355			8,204			7,086
Other real estate and repossessed assets	767			896			589			426			413
Total non-performing assets	$	28,340		$	24,023		$	20,944		$	8,630		$	7,499

As a percent of Portfolio Loans
Non-performing loans	0.64		%	0.54		%	0.48		%	0.20		%	0.17		%
Allowance for credit losses	1.48			1.48			1.49			1.47			1.47
Non-performing assets to total assets	0.51			0.44			0.38			0.16			0.14
Allowance for credit losses as a percent of non-performing loans	231.09			274.33			306.85			745.45			847.23

Allowance for credit losses


	Three months ended March 31,
	2026							2025
	Loans			Securities HTM		Unfunded Commitments(1)		Loans			Securities HTM		Unfunded Commitments
	(Dollars in thousands)
Balance at beginning of period	$	63,445		$	92	$	5,440	$	59,379		$	132	$	5,131
Additions (deductions)
Provision for credit losses	540			—		(178)		724			(3)		—
Recoveries credited to allowance	499			—		—		550			—		—
Assets charged against the allowance	(765)			—		—		(618)			—		—
Additions included in non-interest expense	—			—		—		—			—		196
Balance at end of period	$	63,719		$	92	$	5,262	$	60,035		$	129	$	5,327

Net loans charged against the allowance to average Portfolio Loans	0.03		%					0.01		%


(1)			Beginning in the fourth quarter of 2025, we classified the provision for unfunded lending commitments in the provision for credit losses in the Consolidated Statements of Operations.


1

Capitalization


	March 31, 2026		December 31, 2025
	(In thousands)
Subordinated debt	$	—	$	—
Subordinated debentures	39,881		39,864
Amount not qualifying as regulatory capital	(1,224)		(1,224)
Amount qualifying as regulatory capital	38,657		38,640
Shareholders’ equity
Common stock	307,679		307,845
Retained earnings	263,898		252,794
Accumulated other comprehensive loss	(61,024)		(57,688)
Total shareholders’ equity	510,553		502,951
Total capitalization	$	549,210	$	541,591

Non-Interest Income


	Three months ended
	March 31, 2026		December 31, 2025		March 31, 2025

	(In thousands)
Interchange income	$	3,234	$	3,186	$	3,127
Service charges on deposit accounts	2,935		3,096		2,814
Net gains (losses) on assets
Mortgage loans	1,308		1,372		2,303
Equity securities at fair value	—		—		—
Securities	(26)		(15)		(330)
Mortgage loan servicing, net	1,646		899		(636)
Investment and insurance commissions	809		1,006		754
Bank owned life insurance	322		306		297
Other	1,820		2,108		2,095
Total non-interest income	$	12,048	$	11,958	$	10,424

Capitalized Mortgage Loan Servicing Rights


	Three months ended March 31,
	2026		2025
	(In thousands)
Balance at beginning of period	$	31,493	$	46,796
Originated servicing rights capitalized	730		855
Change in fair value	10		(2,424)
Sale of originated servicing rights (1)	—		(12,962)
Loss on sale of originated servicing rights (1)	—		(94)
Balance at end of period	$	32,233	$	32,171

(1) On January 31, 2025 we sold $931.6 million of mortgage loan servicing rights (26.3% of total servicing portfolio) and transferred the servicing on March 3, 2025. This sale represented approximately $13.1 million (41.5%) of the total capitalized mortgage loan servicing right asset.


2

Mortgage Loan Activity


	Three months ended
	March 31, 2026			December 31, 2025			March 31, 2025

	(Dollars in thousands)
Mortgage loans originated	$	130,574		$	134,258		$	107,779
Mortgage loans sold	84,065			86,150			82,618
Net gains on mortgage loans	1,308			1,372			2,303
Net gains as a percent of mortgage loans sold ("Loan Sales Margin")	1.56		%	1.59		%	2.79		%
Fair value adjustments included in the Loan Sales Margin	0.09		%	0.05		%	0.88		%

Non-Interest Expense


	Three months ended
	March 31, 2026		December 31, 2025		March 31, 2025

	(In thousands)
Compensation	$	14,123	$	13,884	$	13,197
Performance-based compensation	3,648		4,820		3,441
Payroll taxes and employee benefits	4,058		3,859		3,745
Compensation and employee benefits	21,829		22,563		20,383
Data processing	3,952		3,428		3,729
Occupancy, net	2,413		2,171		2,223
Litigation expense	1,500		—		—
Advertising	1,210		991		861
Interchange expense	1,191		1,165		1,119
Furniture, fixtures and equipment	894		897		885
FDIC deposit insurance	799		589		711
Loan and collection	752		861		786
Communications	593		471		591
Legal and professional	591		787		479
Taxes, licenses and fees	360		315		326
Merger related expense	300		—		—
Director fees	266		255		232
Amortization of intangible assets	115		122		122
Net (gains) losses on other real estate and repossessed assets	15		31		(66)
Recovery for loss reimbursement on sold loans	(13)		(13)		(11)

Other	1,544		1,445		1,892
Total non-interest expense	$	38,311	$	36,078	$	34,262


3

Average Balances and Tax Equivalent Rates


	Three Months Ended March 31,
	2026						2025
	Average Balance		Interest		Rate (2)		Average Balance		Interest		Rate (2)
	(Dollars in thousands)
Assets
Taxable loans	$	4,306,954	$	59,161	5.54	%	$	4,053,593	$	57,685	5.74	%
Tax-exempt loans (1)	8,417		111		5.37		7,348		105		5.78
Taxable securities	534,965		3,354		2.51		619,764		4,036		2.60
Tax-exempt securities (1)	261,286		2,944		4.51		263,912		3,200		4.85
Interest bearing cash	79,636		749		3.81		117,706		1,291		4.45
Other investments	18,102		295		6.52		16,273		279		6.85
Interest Earning Assets	5,209,360		66,614		5.15		5,078,596		66,596		5.28
Cash and due from banks	56,469						57,464
Other assets, net	256,415						241,962
Total Assets	$	5,522,244					$	5,378,022

Liabilities
Savings and interest-bearing checking	3,008,287		11,915		1.61		2,836,290		12,840		1.84
Time deposits	817,202		6,482		3.22		871,377		8,115		3.78
Other borrowings	67,213		917		5.53		92,185		1,504		6.58
Interest Bearing Liabilities	3,892,702		19,314		2.01	%	3,799,852		22,459		2.40
Non-interest bearing deposits	1,006,600						1,007,665
Other liabilities	113,419						109,214
Shareholders’ equity	509,523						461,291

Total liabilities and shareholders’ equity	$	5,522,244					$	5,378,022

Net Interest Income			$	47,300					$	44,137

Net Interest Income as a Percent of Average Interest Earning Assets					3.65	%					3.49	%



(1)			Interest on tax-exempt loans and securities is presented on a fully tax equivalent basis assuming a marginal tax rate of 21%.
(2)			Annualized


4

Commercial Loan Portfolio Analysis as of March 31, 2026


	Total Commercial Loans
			Watch Credits						Percent of Loan Category in Watch Credit
Loan Category	All Loans		Performing		Non-accrual		Total
	(Dollars in thousands)
Land	$	11,417	$	13	$	—	$	13	0.1	%
Land Development	19,976		—		—		—		—
Construction	126,121		—		14,314		14,314		11.3
Income Producing	814,531		22,152		12,696		34,848		4.3
Owner Occupied	675,873		12,109		67		12,176		1.8
Total Commercial Real Estate Loans	$	1,647,918	$	34,274	$	27,077	$	61,351	3.7

Other Commercial Loans	$	619,451	$	42,261	—		$	42,261	6.8
Total non-performing commercial loans					$	27077

Commercial Loan Portfolio Analysis as of December 31, 2025


	Total Commercial Loans
			Watch Credits						Percent of Loan Category in Watch Credit
Loan Category	All Loans		Performing		Non-accrual		Total
	(Dollars in thousands)
Land	$	10,293	$	15	$	—	$	15	0.1	%
Land Development	22,808		—		—		—		—
Construction	158,235		—		14,269		14,269		9.0
Income Producing	784,506		30,309		9,262		39,571		5.0
Owner Occupied	648,338		11,498		—		11,498		1.8
Total Commercial Real Estate Loans	$	1,624,180	$	41,822	$	23,531	$	65,353	4.0

Other Commercial Loans	$	589,377	$	27,929	—		$	27,929	4.7
Total non-performing commercial loans					$	23531


5