| Income Statement for Independent Bank Corp. (INDB) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | Total Interest Income | 159,738 | 167,693 | 155,661 | 134,613 | 128,306 | | Total Interest Expense | (63,555) | (65,038) | (49,818) | (36,797) | (32,533) | | Net Interest Income | 96,183 | 102,655 | 105,843 | 97,816 | 95,773 | | Loan Loss Provision | (3,130) | (2,335) | (4,175) | (3,018) | (3,420) | | Net Interest Income After Loan Loss Provision | 93,053 | 100,320 | 101,668 | 94,798 | 92,353 | | Non-Interest Income | 32,051 | 26,644 | 27,150 | 28,355 | 27,794 | | Non-Interest Expense | (87,932) | (79,354) | (80,492) | (77,007) | (73,827) | | Special Income/Charges | - | - | - | (684) | - | | Net Income Before Taxes | 37,172 | 47,610 | 48,326 | 45,462 | 46,320 | | Premium Tax (Credit) | - | - | - | - | - | | Minority Interest | - | - | - | (1,072) | (4,353) | | Income Taxes | (8,791) | (14,759) | (15,121) | (13,623) | (15,536) | | Net Income from Continuing Operations | 28,381 | 32,851 | 33,205 | 30,767 | 26,431 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 28,381 | 32,851 | 33,205 | 30,767 | 26,431 | | Extraordinary Income/Loss | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 28,381 | 32,851 | 33,205 | 30,767 | 26,431 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.67 | 0.63 | 0.59 | 0.41 | 0.64 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 2.02 | 2.20 | 2.16 | 2.06 | 1.82 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 2.02 | 2.20 | 2.16 | 2.06 | 1.82 | | Basic EPS from Extraordinary Inc | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Cum. Effect of Acct Chg | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Tax Loss Carryforward | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Other Gains(Loss) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS, Total | 2.02 | 2.20 | 2.16 | 2.06 | 1.82 | | | Basic Normalized Net Income/Share | 2.02 | 2.20 | 2.16 | 2.11 | 1.82 | | | Diluted EPS from Continuing Operations | 2.00 | 2.17 | 2.14 | 2.03 | 1.79 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 2.00 | 2.17 | 2.14 | 2.03 | 1.79 | | Diluted EPS from Extraordinary Inc | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Cum. Effect of Acct Chg | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Tax Loss Carryforward | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Other Gains(Loss) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS, Total | 2.00 | 2.17 | 2.14 | 2.03 | 1.79 | | | Diluted Normalized Net Income/Share | 2.00 | 2.17 | 2.14 | 2.08 | 1.79 | | | |
