Company: ISBA
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000842517-25-000210
Chunk: 106

Company: ISABELLA BANK CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 106
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1,782 1,926 1,782 Borrowed funds (1)92 73 77 113 97 92 97 Shareholders' equity (1)227 221 216 210 213 227 213 Wealth assets under management (1)680 679 657 658 680 680 680 Net income5 5 4 4 3 14 10 Interest income25 23 23 23 23 71 67 Interest expense9 8 8 9 9 25 26 Net interest income16 15 15 15 14 46 41 Provision for (reversal of) credit losses— (1)— — 1 (1)2 Noninterest income4 4 4 4 4 12 11 Noninterest expenses14 14 13 13 13 41 39 

(1) At end of period.

(2) Non-GAAP financial measure; refer to the "Reconciliation of Non-GAAP Financial Measures" section of this Form 10-Q.

46

Average Balances, Interest Rates, and Net Interest Income

The following schedules present the daily average amount outstanding for each major category of interest earning assets, non-earning assets, interest bearing liabilities, and noninterest bearing liabilities. These schedules also present an analysis of interest income and interest expense for the periods indicated. All interest income is reported on a FTE basis using a federal income tax rate of 21%. Loans in nonaccrual status, for the purpose of the following computations, are included in the average loan balances. FRB restricted equity holdings are included in other interest earning assets.Three Months EndedSeptember 30, 2025June 30, 2025September 30, 2024AverageBalanceTaxEquivalentInterestAverageYield /RateAverageBalanceTaxEquivalentInterestAverageYield /RateAverageBalanceTaxEquivalentInterestAverageYield /RateINTEREST EARNING ASSETSLoans (1)$1,409,928 $20,583 5.78 %$1,388,684 $19,832 5.71 %$1,403,810 $20,230 5.72 %AFS securities (2)517,286 3,172 2.42 %534,352 3,210 2.38 %536,379