Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 83

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 83
---
— — Income tax impact on items above37 (25)340 (1)(14)Income tax expense on BOLI surrender (3)(166)— — — — Adjusted net income(A)$4,254 $3,904 $4,559 $3,476 $3,076 Noninterest expenses$13,299 $13,330 $13,228 $12,895 $12,676 Amortization of acquisition intangibles1 1 — 1 — Adjusted noninterest expense(B)$13,298 $13,329 $13,228 $12,894 $12,676 Net interest income$14,525 $14,555 $14,488 $13,550 $13,242 Tax equivalent adjustment for net interest margin184 213 232 237 246 Net interest income (FTE)(C)14,709 14,768 14,720 13,787 13,488 Noninterest income3,528 3,972 3,528 3,608 3,468 Tax equivalent adjustment for efficiency ratio78 54 53 53 51 Adjusted revenue (FTE)18,315 18,794 18,301 17,448 17,007 Nonrecurring itemsNet gains (losses) on foreclosed assets(55)74 4 6 69 Total nonrecurring items(55)74 4 6 69 Adjusted revenue(D)$18,370 $18,720 $18,297 $17,442 $16,938 Efficiency ratio(B/D)72.39 %71.20 %72.30 %73.93 %74.84 %Average earning assets(E)1,943,633 1,963,986 1,967,552 1,948,173 1,943,758 Net yield on interest earning assets (FTE)(C/E)3.06 %2.98 %2.96 %2.82 %2.79 %Average assets(F)2,085,537 2,094,569 2,095,200 2,067,211 2,066,757 Average shareholders' equity(G)214,212 212,912 208,444 200