Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 113

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 113
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ural other1,239 — — — 1,239 ConsumerSecured - indirect1 — — — 1 Total$6,779 $10 $— $— $6,789 

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Table of Contents

2023Current30-59 DaysPast Due60-89 DaysPast Due90 Days orMore Past DueTotalCommercial real estateCommercial mortgage owner occupied$118 $— $— $— $118 Commercial mortgage non-owner occupied1,030 — — — 1,030 Commercial mortgage multifamily2,977 — — — 2,977 AgriculturalAgricultural mortgage251 — — — 251 Agricultural other32 — — — 32 Residential real estateSenior lien— — — 5 5 Total$4,408 $— $— $5 $4,413 We had no loans that defaulted for the years ended December 31, 2024 and 2023 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 the future. Determining the appropriateness of the allowance is complex and requires judgment by management about the effect of matters that are inherently uncertain. In future periods evaluations of the overall loan portfolio, in light of the factors and forecasts then prevailing, may result in significant changes in the allowance and credit loss expense in those future periods.The methodology for estimating the amount of expected credit losses reported in the ACL