Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 31

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 due unless the credit is well-secured and in the process of short-term collection. Upon transferring a loan to nonaccrual status, we perform an evaluation to determine the net realizable value of the underlying collateral. This evaluation is used to help determine if a charge-off is necessary. Consumer loans are typically charged off no later than 180 days past due. Past due status is based on the contractual term of the loan. In all cases, a loan is placed in nonaccrual status at an earlier date if collection of principal or interest is considered doubtful.When a loan is placed in nonaccrual status, all interest accrued in the current calendar year, but not collected, is reversed against interest income while interest accrued in prior calendar years, but not collected, is charged against the ACL. Loans may be returned to accrual status after six months of continuous performance and achievement of current payment status. Accrued interest receivable on loans was $5,858 and $6,384 at June 30, 2025 and December 31, 2024, respectively, which is included in other assets on the consolidated balance sheets.

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The following table summarizes nonaccrual loan data by class of loans as of: June 30, 2025December 31, 2024 Total Nonaccrual LoansNonaccrual Loans with No ACLTotal Nonaccrual LoansNonaccrual Loans with No ACLCommercial and industrialSecured$17 $17 $— $— Commercial real estateCommercial mortgage non-owner occupied533 533 — — Residential real estateSenior lien614 614 282 282 Total$1,164 $1,164 $282 $282 The following tables summarize the past due and current loans for the entire loan portfolio as of: June 30, 2025 Past Due:  Accruing Loans 90 or More Days Past Due30-59Days60-89Days90 Daysor MoreCurrentTotalCommercial and industrialSecured$221 $17 $— $175,159 $175,397 $— Unsecured— — — 32,322 32,322 — Total commercial and industrial221 17 — 207,481 207,719 — Commercial real estateCommercial mortgage owner occupied8 — — 218,530 218,538 — Commercial mortgage non-owner occupied—