LEGAL PROCEEDINGS
−Removed: We are involved in various litigation matters in the ordinary course of business.
−Removed: At the present time, we do not believe any of these matters will have a significant impact on our consolidated financial position or results of operations.
−Removed: The aggregate
−Removed: amount we have accrued for losses we consider probable as a result of these litigation matters is immaterial.
−Removed: However, because of the inherent uncertainty of outcomes from any litigation matter, we believe it is reasonably possible we may incur losses in addition to the amounts we have accrued.
−Removed: At this time, we estimate the maximum amount of additional losses that are reasonably possible is insignificant.
−Removed: However, because of a number of factors, including the fact that certain of these litigation matters are still in their early stages, this maximum amount may change in the future.
−Removed: The litigation matters described in the preceding paragraph primarily include claims that have been brought against us for damages, but do not include litigation matters where we seek to collect amounts owed to us by third parties (such as litigation initiated to collect delinquent loans).
−Removed: These excluded, collection-related matters may involve claims or counterclaims by the opposing party or parties, but we have excluded such matters from the disclosure contained in the preceding paragraph in all cases where we believe the possibility of us paying damages to any opposing party is remote.
+Added: We are involved in various litigation matters in the ordinary course of business, which currently include three putative class action complaints brought against the Bank alleging that its practice of charging overdraft and other fees was not consistent with the disclosures the Bank made to consumers.
+Added: While these matters do not involve a claim for damages that requires disclosure under this Item, please see Note 11 – Commitments and Contingent Liabilities in the Notes to Consolidated Financial Statements in our annual report, to be delivered to shareholders in connection with the April 21, 2026 Annual Meeting of Shareholders (filed as exhibit 13 to this report on Form 10-K) for more information.
MINE SAFETY DISCLOSURES
16 unchanged sentences
Executive Vice President, Chief Operating Officer(2)
+Added: Stodolak (65)
+Added: Executive Vice President, Retail Banking(3)
Twarozynski (60)
Senior Vice President and Chief Accounting Officer 2002
−Removed: Mohr joined Independent Bank in September 2020, as Executive Vice President and Chief Financial Officer.
−Removed: Prior to joining Independent Bank, Mr.
−Removed: Mohr served as the Chief Financial Officer of STAR Financial Bank, ("STAR"), a $2.1 billion bank, located in Fort Wayne, Indiana.
−Removed: Prior to joining STAR, Mr.
−Removed: Mohr served as Treasurer of Yadkin Bank and Trust (Statesville, North Carolina) from 2013 to 2014.
−Removed: Rahn joined Independent Bank in April of 2018 as Senior Vice President Commercial Lending.
−Removed: He was promoted to Executive Vice President Commercial Banking in January, 2021.
−Removed: He has 34 years of commercial banking experience and has served in senior leadership positions for the past 17 years.
+Added: Daniel is retiring from Independent Bank in March 2026.
Michaels joined Independent Bank in February of 2012 as a part of our information and technology team and was promoted to Senior Vice President and Chief Information Officer in January, 2020.
He was promoted to Executive Vice President and Chief Operating Officer in January, 2025.
+Added: Stodolak joined Independent Bank in September of 2000 and has been leading the Bank’s retail network and consumer lending program.
+Added: He was promoted to Executive Vice President, Retail Banking on January 1, 2026.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.