IONIA, Mich. -- Independent Bank Corp. reported a 13% increase in third-quarter earnings to $1.6 million, or 60 cents per share, from $1.4 million, or 53 cents per share for the same period in 1993.

Net income for the first nine months was $4.4 million, an increase from $4.3 million for the same period in 1993. The $488 million-asset company's return on assets and equity were 1.23% and 15% in 1994, compared with 1.40% and 15.70% in 1993.

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