Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 52

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 52
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 Auction rate money market preferred— — — — — — — — 3,044 6.74 Corporate— — — — 7,286 378.00 — — Total$43,882 0.76 $211,893 0.24 $24,305 3.25 $24,345 3.65 $184,604 2.92 

Deposits

The following table displays deposit balances as of December 31:20242023202220212020Noninterest bearing demand deposits$416,373 $428,505 $494,346 $448,352 $375,395 Interest bearing demand deposits341,366 320,737 372,155 364,563 302,444 Savings601,730 628,079 625,734 596,662 505,497 Certificates of deposit387,591 346,374 252,040 300,762 382,981 Total$1,747,060 $1,723,695 $1,744,275 $1,710,339 $1,566,317 

The following table displays the change in deposit balances for the years ended December 31:202420232022 $ Change% Change$ Change% Change$ Change% ChangeNoninterest bearing demand deposits$(12,132)(2.83)%$(65,841)(13.32)%$45,994 10.26 %Interest bearing demand deposits20,629 6.43 %(51,418)(13.82)%7,592 2.08 %Savings(26,349)(4.20)%2,345 0.37 %29,072 4.87 %Certificates of deposit41,217 11.90 %94,334 37.43 %(48,722)(16.20)%Total$23,365 1.36 %$(20,580)(1.18)%$33,936 1.98 %

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Table of Contents

The following table presents estimated balances of uninsured deposits as of December 31:20242023202220212020Uninsured deposits$645,764 $600,381 $585,901 $548,213 $461,859 

Uninsured deposits are the portion of deposit accounts in U