Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 122

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 122
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 requirements.  Our liquidity stress testing is designed with consideration of these and other factors that could pose undue risk to liquidity.

Our liquidity position remained strong at June 30, 2025, which is illustrated in the following table:June 302025March 312025December 312024September 302024June 302024Total cash and cash equivalents$108,554 $69,179 $24,542 $27,378 $23,559 Brokered CD capacity120,000 120,000 120,000 120,000 120,000 Available lines of creditFed funds lines with correspondent banks93,000 93,000 93,000 93,000 93,000 FHLB borrowings249,890 250,884 215,432 233,552 194,403 FRB Discount Window29,084 28,940 28,698 28,888 28,148 Other lines of credit5,000 5,000 5,000 5,000 5,000 Total available lines of credit376,974 377,824 342,130 360,440 320,551 Unencumbered lendable value of FRB collateral, estimated (1)320,000 340,000 290,000 290,000 290,000 Total cash and liquidity$925,528 $907,003 $776,672 $797,818 $754,110 Uninsured deposits$726,240 $687,341 $645,764 $687,990 $623,245 Coverage ratio of uninsured deposits with total cash and liquidity127 %132 %120 %116 %121 %(1) Includes estimated unencumbered lendable value of FHLB collateral of $250,000 as of June 30, 2025.

Fair Value

We utilize fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures.  AFS securities, cash flow hedge derivative instruments and certain liabilities are recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record at fair value other assets on a nonrecurring basis, such as mortgage loans AFS, collateral dependent loans, goodwill, foreclosed assets, OMSR, and certain other assets and liabilities. These nonrecurring fair value adjustments typically involve the application of lower