Independent Bank Corporation announced unaudited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported total interest income of $21.950 million against $25.696 million a year ago. Net interest income was $19.556 million against $22.100 million a year ago. Income before income tax was $5.842 million against $3.504 million a year ago. Net income applicable to common stock was $4.712 million or $0.27 per diluted share against $2.448 million or $0.07 per diluted share a year ago. Return average common shareholders' equity was 34.76% against 42.29% a year ago. Return average assets was 0.93% against 0.42% a year ago. The decrease in net interest income is primarily due to a decline in average interest-earning assets resulting from the aforementioned branch sale. The increase in the net interest margin is due primarily to a change in asset mix, as lower yielding interest-bearing cash balances and short-term investments decreased following the branch sale.

Independent Bank Corporation announced that they will report Q1, 2013 results at 4:30 PM, US Eastern Standard Time on Apr 22, 2013

Independent Bank Corporation, Annual General Meeting, Apr 23, 2013., at 15:00 US Eastern Standard Time. Location: Watt Auditorium. Agenda: To elect four directors to serve three-year terms expiring in 2016; to ratify the appointment of Crowe Horwath LLP as independent auditors for the fiscal year ending December 31, 2013; to consider the compensation of executives; to consider the proposal to amend long-term incentive plan to make an additional 500,000 shares of the company’s common stock available for issuance under the plan; and to transact any other business that is properly submitted before the annual meeting or any adjournments or postponements of the annual meeting.