Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 84

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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%FHLB advances7,459 170 4.53 %36,593 1,026 5.55 %Subordinated debt, net of unamortized issuance costs29,444 532 3.62 %29,354 532 3.63 %Total interest bearing liabilities1,450,876 16,221 2.25 %1,436,692 16,676 2.33 %NONINTEREST BEARING LIABILITIES AND SHAREHOLDERS' EQUITYDemand deposits406,160 411,756 Other liabilities15,200 16,445 Shareholders’ equity216,893 202,094 Total liabilities and shareholders’ equity$2,089,129 $2,066,987 Net interest income (FTE)$30,016 $27,275 Net yield on interest earning assets (FTE) (4)3.10 %2.81 %

(1) Includes loans HFS and nonaccrual loans.

(2) Average balances for AFS securities are based on amortized cost.

(3) Includes average interest-bearing deposits with other banks, net of Federal Reserve daily cash letter.

(4) Non-GAAP financial measure; refer to the "Non-GAAP Financial Measures" section.

48

Loans

The following table displays loan balances as of:June 302025March 312025December 312024September 302024June 302024Annualized Growth %Quarter to DateAnnualized Growth %Year to DateCommercial and industrial$207,719 $205,172 $200,623 $197,372 $198,769 4.97 %7.07 %Commercial real estate614,383 596,282 591,718 590,255 586,481 12.14 %7.66 %Advances to mortgage brokers3,005 3,015 63,080 76,187 39,300 (1.33)%(190.47)%Agricultural96,842 94,359 99,694 96,794 94,996 10.53 %(5.72)%Total commercial loans921,949 898,828 955,115 960,608 919,546 10.29 %(6.94)%Residential real estate398,668 387,348 380,872 369,