v3.25.2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Statement of Comprehensive Income [Abstract]
Net income	$ 16,877	$ 18,528	$ 32,467	$ 34,519
Securities available for sale
Unrealized gains (losses) arising during period	(5,099)	272	(3,503)	1,796
Accretion of net unrealized losses on securities transferred to held to maturity	822	855	1,628	1,675
Reclassification adjustments for (gains) losses included in earnings	(11)	0	319	269
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale	(4,288)	1,127	(1,556)	3,740
Income tax expense (benefit)	(901)	236	(327)	785
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale, net of tax	(3,387)	891	(1,229)	2,955
Derivative instruments
Unrealized gains (losses) arising during period	231	(463)	697	(2,692)
Reclassification adjustment for expense recognized in earnings	509	349	933	615
Unrealized gains (losses) recognized in other comprehensive income (loss) on derivative instruments	740	(114)	1,630	(2,077)
Income tax expense (benefit)	157	(24)	344	(436)
Unrealized gains (losses) recognized in other comprehensive income (loss) on derivative instruments, net of tax	583	(90)	1,286	(1,641)
Other comprehensive income (loss)	(2,804)	801	57	1,314
Comprehensive income	$ 14,073	$ 19,329	$ 32,524	$ 35,833

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(26))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-5

INDEPENDENT BANK CORP /MI/ 10-Q