Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 73

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 73
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 Stock— — 2,288 Low income housing tax credit investments(2,024)(623)(46)Net cash provided by (used in) investing activities(37,866)(26,246)(106,204)Financing activitiesNet increase (decrease) in deposits$23,365 $(20,580)$33,936 Net increase (decrease) in short-term borrowings6,766 (10,970)7,609 Net increase (decrease) in FHLB advances(10,000)40,000 (20,000)Cash dividends paid on common stock(8,147)(8,216)(8,082)Proceeds from issuance of common stock1,523 1,617 1,762 Common stock repurchased(3,076)(3,415)(1,124)Common stock purchased for deferred compensation obligations(1,332)(1,624)(1,189)Net cash provided by (used in) financing activities9,099 (3,188)12,912 Increase (decrease) in cash and cash equivalents(9,130)(5,252)(66,406)Cash and cash equivalents at beginning of period33,672 38,924 105,330 Cash and cash equivalents at end of period$24,542 $33,672 $38,924 Supplemental cash flows informationInterest paid$33,982 $21,052 $5,313 Income taxes paid2,060 2,350 4,425 Supplemental noncash informationInvestment in low income housing tax credits$1,500 $5,000 $— Transfers of loans to foreclosed assets657 378 456 

The accompanying notes are an integral part of these consolidated financial statements.

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Table of Contents

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share amounts)

Note 1 – Significant Accounting Policies

BASIS OF PRESENTATION AND CONSOLIDATION: The consolidated financial statements include the accounts of Isabella Bank Corporation, a financial services holding company, and its wholly owned subsidiary, Isabella Bank.  All intercompany balances and accounts have been eliminated in consolidation.  References to “the Corporation”, “Isabella”, “we”, “our”, “us”, and similar terms refer to the consolidated entity consisting of Isabella Bank Corporation and its subsidiary.  References to Isabella Bank