Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 20

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 insurance premiums267 280 570 532 Other losses339 416 454 561 Other1,106 1,171 2,348 2,321 Total noninterest expenses13,745 12,895 27,044 25,571 Income before income tax expense6,169 4,093 11,030 7,735 Income tax expense1,138 612 2,050 1,123 Net income$5,031 $3,481 $8,980 $6,612 Earnings per common shareBasic$0.68 $0.47 $1.21 $0.88 Diluted0.68 0.46 1.21 0.88 Cash dividends per common share0.28 0.28 0.56 0.56 

See notes to interim condensed consolidated financial statements (unaudited).

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Table of Contents

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

(Dollars in thousands)

Three Months Ended  June 30Six Months Ended  June 30 2025202420252024Net income$5,031 $3,481 $8,980 $6,612 Unrealized gains (losses) on AFS securities3,879 703 8,893 (2,223)Tax effect (1)(827)(149)(1,925)483 Unrealized gains (losses) on AFS securities, net of tax3,052 554 6,968 (1,740)Comprehensive income (loss)$8,083 $4,035 $15,948 $4,872 

(1) See “Note 6 – Capital Ratios and Shareholders' Equity” of these consolidated financial statements for tax effect reconciliation.

See notes to interim condensed consolidated financial statements (unaudited).

6

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED)

(Dollars in thousands except per share amounts)Common StockCommon SharesOutstandingAmountCommon Shares to beIssued forDeferredCompensationObligationsRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)TotalsApril 1, 20247,488,101 $126,656