VIA EDGAR
November 14, 1995
Securities and Exchange Commission
450 Fifth Street, N. W.
Judiciary Plaza
Washington, D. C. 20549
Re: Independent Bank Corp. - Commission File No. 1-9047
Gentlemen:
Accompanying this letter for filing on behalf of Independent Bank
Corp.(the Company) pursuant to the Securities Exchange Act of 1934 is a
conformed copy of a report on Form 10-Q for the quarter ended September
30, 1995.
A manually executed signature page has been executed prior to the
time of this electronic filing and will be retained by the Company for
five years.
If you have any questions or need any additional information,
please do not hesitate to contact the undersigned.
Very truly yours,
Richard J. Seaman
Chief Financial Officer
and Treasurer
cc: Arthur Andersen LLP, Mike Devlin, CPA
Burns & Levinson, Susan M. Barnard, Esq.
Elias, Matz, Tiernan & Herrick, Norman Antin, Esq.
National Association of Securities Dealers
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from SEC
Form 10-Q and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> SEP-30-1995
<CASH> 46081
<INT-BEARING-DEPOSITS> 296
<FED-FUNDS-SOLD> 24000
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 4144
<INVESTMENTS-CARRYING> 250637
<INVESTMENTS-MARKET> 247234
<LOANS> 618080
<ALLOWANCE> (12787)
<TOTAL-ASSETS> 958669
<DEPOSITS> 838376
<SHORT-TERM> 10744
<LIABILITIES-OTHER> 14237
<LONG-TERM> 24843
<COMMON> 145
0
0
<OTHER-SE> 70324
<TOTAL-LIABILITIES-AND-EQUITY> 958669
<INTEREST-LOAN> 41095
<INTEREST-INVEST> 12221
<INTEREST-OTHER> 560
<INTEREST-TOTAL> 53876
<INTEREST-DEPOSIT> 18880
<INTEREST-EXPENSE> 21449
<INTEREST-INCOME-NET> 32427
<LOAN-LOSSES> 750
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 29208
<INCOME-PRETAX> 11183
<INCOME-PRE-EXTRAORDINARY> 11183
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 7685
<EPS-PRIMARY> 0.52
<EPS-DILUTED> 0.52
<YIELD-ACTUAL> 8.19
<LOANS-NON> 5188
<LOANS-PAST> 5745
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 13719
<CHARGE-OFFS> (2812)
<RECOVERIES> 1130
<ALLOWANCE-CLOSE> 12787
<ALLOWANCE-DOMESTIC> 12787
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
