Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 128

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 128
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ains) losses included in net income— — — — (67)(67)— — — Net unrealized gains (losses)113 5,226 5,339 589 12,709 13,298 (900)(49,115)(50,015)Tax effect— (1,098)(1,098)— (2,669)(2,669)— 10,314 10,314 Unrealized gains (losses), net of tax$113 $4,128 $4,241 $589 $10,040 $10,629 $(900)$(38,801)$(39,701)

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Table of Contents

The following table details reclassification adjustments and the related affected line items in our consolidated statements of income for the years ended December 31:Details about AOCI componentsAmountReclassified fromAOCIAffected Line Item in theConsolidatedStatements of Income202420232022Unrealized gains (losses) on AFS securities$— $67 $— Other noninterest income— 14 — Income tax expense$— $53 $— Net incomeChange in unrecognized pension cost on defined benefit pension plan$(82)$95 $59 Other noninterest expenses(17)20 12 Income tax expense$(65)$75 $47 Net income

Note 10 – Computation of Earnings Per Common Share

Basic earnings per common share represents income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share includes additional common shares that would have been outstanding if dilutive potential common shares had been issued. For further information related to potential common shares that may be issued relate solely to outstanding shares in the Directors Plan and grant awards under the RSP, see "Note 8 – Benefit Plans."Earnings per common share have been computed based on the following for the years ended December 31:202420232022Average number of common shares outstanding for basic calculation7,465,343 7,511,591 7,549,878 Average potential effect of common shares in the Directors Plan (1)— 34,962 70,329 Average potential effect of common shares in the RSP17,031 28,939 27,405 Average number of common shares outstanding used to calculate diluted earnings per common share7,482,374 7