IONIA, Mich. - Independent Bank Corp., a $516 million-asset bank holding company, reported net income for the three months ended Dec. 31 of $1.6 million, or 62 cents per share, a 20% increase over the same period in 1993.

Net income for the year was $6 million, or $2.30 per share, up from $5.6 million, or $2.15 per share, for 1993.

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