Company: ISBA
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000842517-25-000210
Chunk: 52

Company: ISABELLA BANK CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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-59 DaysPast Due60-89 DaysPast Due90 Days orMore Past DueTotalCommercial and industrialSecured$4,114 $— $— $— $4,114 Commercial real estateCommercial mortgage owner occupied2,832 — — — 2,832 AgriculturalAgricultural mortgage1,185 — — — 1,185 Agricultural other925 — — — 925 Total$9,056 $— $— $— $9,056 September 30, 2024Current30-59 DaysPast Due60-89 DaysPast Due90 Days orMore Past DueTotalCommercial and industrialSecured$1,937 $— $— $— $1,937 Commercial real estateCommercial mortgage owner occupied823 — — — 823 Commercial mortgage multifamily2,917 — — — 2,917 AgriculturalAgricultural mortgage1,305 — — — 1,305 Agricultural other1,219 — — — 1,219 ConsumerSecured - indirect1 — — — 1 Total$8,202 $— $— $— $8,202 We had no loans that defaulted in each of the three and nine-month periods ended September 30, 2025 and 2024 which were modified within 12 months prior to the default date.ACL - LoansThe credit quality of our loan portfolio is continuously monitored and is reflected within the ACL for loans. The ACL is an estimate of expected losses inherent within our loan portfolio. The ACL is adjusted by a credit loss expense, which is reported in earnings, and reduced by the charge-off of loan amounts, net of recoveries.The ACL is evaluated on a regular basis for appropriateness.  Our periodic review of the collectability of a loan considers historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.The primary factors behind the determination of the level of the ACL are specific allocations for loans individually evaluated, historical loss percentages, delinquency status, and other credit trends and risk characteristics, including current conditions and reasonable and supportable forecasts about