Company: ISBA
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000842517-25-000210
Chunk: 113

Company: ISABELLA BANK CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 113
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)(16)(20)Consumer100 (1,434)43 111 1,703 Total$74 $(1,432)$(52)$102 $1,359 Net (recoveries) charge-offs (Quarter to Date annualized to average loans)0.02 %(0.41)%(0.02)%0.03 %0.39 %Net (recoveries) charge-offs (Year to Date annualized to average loans)(0.14)%(0.22)%(0.02)%0.14 %0.17 %DELINQUENT AND NONACCRUAL LOANSAccruing loans 30-89 days past due$500 $1,076 $5,555 $5,682 $2,226 Accruing loans past due 90 days or more18 31 26 19 64 Total accruing past due loans518 1,107 5,581 5,701 2,290 Nonaccrual loans3,443 1,164 173 282 547 Total past due and nonaccrual loans$3,961 $2,271 $5,754 $5,983 $2,837 

50

Capital

Capital consists solely of common stock, retained earnings, and accumulated other comprehensive income (loss). We are authorized to raise capital through dividend reinvestment, employee and director stock purchases, and shareholder stock purchases. Pursuant to these authorizations, we issued 36,809 shares or $1,031 of common stock during the first nine months of 2025, as compared to 61,560 shares or $1,190 of common stock during the same period in 2024. We offer the Directors Plan in which participants purchase stock units through deferred fees, in lieu of cash payments. Pursuant to this plan, we increased shareholders’ equity by $233 and $332 during the nine-month periods ended September 30, 2025 and 2024, respectively.  We also grant restricted stock awards pursuant to the RSP. Pursuant to this plan, we increased shareholders’ equity by $45 during the first nine months of 2025, as compared to $71 during the same period in 2024.

We have publicly announced a common stock repurchase program. Pursuant to this repurchase program, we repurchased 122,502 shares or $3,259 of common stock