Document

Exhibit 99.2

INDEPENDENT BANK CORPORATION AND SUBSIDIARIES

Supplemental Data

Non-performing assets


	September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025
	(Dollars in thousands)
Non-accrual loans	$	50,277		$	43,687		$	37,775		$	33,074		$	22,598
Loans 90 days or more past due and still accruing interest	—			—			—			—			—
Subtotal	50,277			43,687			37,775			33,074			22,598
Less: Government guaranteed loans	11,116			10,890			10,202			9,947			2,243
Total non-performing loans	39,161			32,797			27,573			23,127			20,355
Other real estate and repossessed assets	759			710			767			896			589
Total non-performing assets	$	39,920		$	33,507		$	28,340		$	24,023		$	20,944

As a percent of Portfolio Loans
Non-performing loans	0.80		%	0.74		%	0.64		%	0.54		%	0.48		%
Allowance for credit losses	1.51			1.49			1.48			1.48			1.49
Non-performing assets to total assets	0.64			0.59			0.51			0.44			0.38
Allowance for credit losses as a percent of non-performing loans	188.26			200.24			231.09			274.33			306.85

Allowance for credit losses


	Nine months ended September 30,
	2026							2025
	Loans			Securities HTM		Unfunded Commitments(1)		Loans			Securities HTM		Unfunded Commitments (1)
	(Dollars in thousands)
Balance at beginning of period	$	63,445		$	92	$	5,440	$	59,379		$	132	$	5,131
Additions (deductions)
Provision for credit losses	6,574			(31)		1,343		4,252			(40)		—
Recoveries credited to allowance	1,691			—		—		1,604			—		—
Assets charged against the allowance	(2,538)			—		—		(2,776)			—		—
Initial allowance on purchased seasoned loans	4,445			—		61		—			—		—
Initial allowance on purchased credit deteriorated loans	107			—		—		—			—		—
Additions included in non-interest expense	—			—		—		—			—		(190)
Balance at end of period	$	73,724		$	61	$	6,844	$	62,459		$	92	$	4,941

Net loans charged against the allowance to average Portfolio Loans	0.03		%					0.04		%


(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


	September 30, 2026		June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025
	(In thousands)
Subordinated debentures	39,915		39,898		39,881		39,864		39,847
Amount not qualifying as regulatory capital	(1,224)		(1,224)		(1,224)		(1,224)		(1,224)
Amount qualifying as regulatory capital	38,691		38,674		38,657		38,640		38,623
Shareholders’ equity
Common stock	361,741		307,820		307,679		307,845		311,770
Retained earnings	288,569		276,934		263,898		252,794		239,602
Accumulated other comprehensive loss	(73,014)		(56,341)		(61,024)		(57,688)		(60,630)
Total shareholders’ equity	577,296		528,413		510,553		502,951		490,742
Total capitalization	$	615,987	$	567,087	$	549,210	$	541,591	$	529,365

Non-Interest Income


	Three months ended						Nine months ended
	September 30, 2026		June 30, 2026		September 30, 2025		September 30,
							2026		2025
	(In thousands)
Interchange income	$	4,638	$	3,576	$	4,157	$	11,448	$	10,674
Service charges on deposit accounts	3,353		3,100		3,131		9,388		8,926
Net gains (losses) on assets
Mortgage loans	1,011		1,651		1,474		3,970		5,408
Equity securities at fair value	65		1,600		—		1,665		—
Securities	(17)		(90)		(36)		(133)		(355)
Mortgage loan servicing, net	4,074		2,460		74		8,180		(72)
Investment and insurance commissions	604		864		940		2,277		2,504
Bank owned life insurance	419		356		288		1,097		881
Other	1,661		1,817		1,909		5,298		5,720
Total non-interest income	$	15,808	$	15,334	$	11,937	$	43,190	$	33,686

Capitalized Mortgage Loan Servicing Rights


	Three months ended September 30,				Nine months ended September 30,
	2026		2025		2026		2025
	(In thousands)
Balance at beginning of period	$	33,949	$	32,053	$	31,493	$	46,796
Originated servicing rights capitalized	1,067		948		2,678		2,766
Change in fair value	2,428		(1,479)		3,273		(4,984)
Sale of originated servicing rights (1)	—		61		—		(12,823)
Loss on sale of originated servicing rights (1)	—		(61)		—		(233)
Servicing rights acquired	$	395	$	—	$	395	$	—
Balance at end of period	$	37,839	$	31,522	$	37,839	$	31,522

(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 (27.9%) of the total capitalized mortgage loan servicing right asset.


2

Mortgage Loan Activity


	Three months ended									Nine months ended
	September 30, 2026			June 30, 2026			September 30, 2025			September 30,
										2026			2025
	(Dollars in thousands)
Mortgage loans originated	$	136,027		$	145,421		$	145,561		$	412,022		$	401,184
Mortgage loans sold	102,311			97,073			101,615			284,053			279,593
Net gains on mortgage loans	1,011			1,651			1,474			3,970			5,408
Net gains as a percent of mortgage loans sold ("Loan Sales Margin")	0.99		%	1.70		%	1.45		%	1.40		%	1.93		%
Fair value adjustments included in the Loan Sales Margin	(0.48)		%	0.40		%	0.03		%	(0.01)		%	0.32		%

Non-Interest Expense


	Three months ended						Nine months ended
	September 30, 2026		June 30, 2026		September 30, 2025		September 30,
							2026		2025
	(In thousands)
Compensation	$	15,643	$	14,248	$	13,916	$	44,014	$	40,723
Performance-based compensation	4,640		4,008		2,900		12,296		9,979
Payroll taxes and employee benefits	4,204		4,304		4,309		12,566		11,929
Compensation and employee benefits	24,487		22,560		21,125		68,876		62,631
Data processing	4,761		4,152		3,784		12,865		11,360
Occupancy, net	2,419		2,073		2,127		6,905		6,396
Merger related expense	3,457		369		—		4,126		—
Interchange expense	1,446		1,224		1,180		3,861		3,476
Advertising	738		1,180		526		3,128		2,220
Furniture, fixtures and equipment	1,124		927		892		2,945		2,570
Loan and collection	1,023		1,038		618		2,813		2,148
FDIC deposit insurance	819		738		615		2,356		1,963
Legal and professional	774		613		682		1,978		1,661
Litigation expense	—		350		—		1,850		—
Communications	537		464		465		1,594		1,526
Taxes, licenses and fees	469		376		335		1,205		951
Amortization of intangible assets	917		115		121		1,147		365
Director fees	309		278		265		853		773
Net (gains) losses on other real estate and repossessed assets	50		(5)		39		60		(77)
Recovery for loss reimbursement on sold loans	(6)		(13)		(5)		(32)		(22)

Other	1,435		1,370		1,362		4,349		4,214
Total non-interest expense	$	44,759	$	37,809	$	34,131	$	120,879	$	102,155


3

Average Balances and Tax Equivalent Rates


	Three Months Ended September 30,
	2026						2025
	Average Balance		Interest		Rate (2)		Average Balance		Interest		Rate (2)
	(Dollars in thousands)
Assets
Taxable loans	$	4,792,596	$	68,580	5.69	%	$	4,193,925	$	61,250	5.81	%
Tax-exempt loans (1)	46,816		528		4.48		7,632		95		4.95
Taxable securities	542,637		3,903		2.88		573,333		3,660		2.55
Tax-exempt securities (1)	270,329		3,209		4.75		253,029		3,190		5.04
Interest bearing cash	145,970		1,349		3.67		113,660		1,261		4.40
Other investments	20,452		310		6.07		18,102		277		6.12
Interest Earning Assets	5,818,800		77,879		5.33		5,159,681		69,733		5.38
Cash and due from banks	69,635						58,099
Other assets, net	321,176						234,143
Total Assets	$	6,209,611					$	5,451,923

Liabilities
Savings and interest-bearing checking	3,418,568		13,769		1.60		2,850,176		13,282		1.85
Time deposits	912,690		7,520		3.27		930,358		8,690		3.71
Other borrowings	51,253		769		5.96		81,490		1,957		9.57
Interest Bearing Liabilities	4,382,511		22,058		2.00	%	3,862,024		23,929		2.46
Non-interest bearing deposits	1,134,463						1,005,875
Other liabilities	110,640						107,602
Shareholders’ equity	581,997						476,422

Total liabilities and shareholders’ equity	$	6,209,611					$	5,451,923

Net Interest Income			$	55,821					$	45,804

Net Interest Income as a Percent of Average Interest Earning Assets					3.82	%					3.54	%



(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

Average Balances and Tax Equivalent Rates


	Nine Months Ended September 30,
	2026						2025
	Average Balance		Interest		Rate (2)		Average Balance		Interest		Rate (2)
	(Dollars in thousands)
Assets
Taxable loans	$	4,488,893	$	188,305	5.60	%	$	4,123,797	$	178,407	5.78	%
Tax-exempt loans (1)	20,814		738		4.74		7,141		280		5.25
Taxable securities	532,310		10,556		2.64		594,769		11,491		2.58
Tax-exempt securities (1)	263,297		9,098		4.61		257,051		9,590		4.97
Interest bearing cash	94,467		2,629		3.72		92,263		3,058		4.43
Other investments	18,385		901		6.53		16,731		825		6.57
Interest Earning Assets	5,418,166		212,227		5.23		5,091,752		203,651		5.34
Cash and due from banks	59,597						56,073
Other assets, net	275,955						237,413
Total Assets	$	5,753,718					$	5,385,238

Liabilities
Savings and interest-bearing checking	3,149,161		37,691		1.60		2,827,773		38,731		1.83
Time deposits	842,849		20,317		3.22		887,385		24,658		3.72
Other borrowings	67,004		2,756		5.50		93,520		5,262		7.51
Interest Bearing Liabilities	4,059,014		60,764		2.00	%	3,808,678		68,651		2.41
Non-interest bearing deposits	1,047,109						1,001,228
Other liabilities	110,343						108,799
Shareholders’ equity	537,252						466,533

Total liabilities and shareholders’ equity	$	5,753,718					$	5,385,238

Net Interest Income			$	151,463					$	135,000

Net Interest Income as a Percent of Average Interest Earning Assets					3.73	%					3.54	%



(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


5

Commercial Loan Portfolio Analysis as of September 30, 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	$	12,139	$	—	$	—	$	—	—	%
Land Development	17,471		—		—		—		—
Construction	173,032		—		14,345		14,345		8.3
Income Producing	1,060,229		18,966		13,949		32,915		3.1
Owner Occupied	782,444		22,599		121		22,720		2.9
Total Commercial Real Estate Loans	$	2,045,315	$	41,565	$	28,415	$	69,980	3.4

Other Commercial Loans	$	717,907	$	32,663	9,204		$	41,867	5.8
Total non-performing commercial loans					$	37,619

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					$	23,531


6