Company: ISBA
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000842517-25-000210
Chunk: 66

Company: ISABELLA BANK CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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1,359,469 1,359,469 — — Deposits with stated maturities387,591 385,200 — 385,200 — Short-term borrowings53,567 53,503 — 53,503 — FHLB advances30,000 30,000 — 30,000 — Subordinated debt, net of unamortized issuance costs29,424 27,658 — 27,658 — Accrued interest payable1,051 1,051 1,051 — — (1) Due to the characteristics of equity securities without readily determinable fair values, they are not disclosed under a specific fair value hierarchy. When an impairment or write-down related to these securities is recorded, such amount would be classified as a nonrecurring Level 3 fair value adjustment.

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Financial Instruments Recorded at Fair ValueThe table below presents the recorded amount of assets and liabilities measured at fair value on: September 30, 2025December 31, 2024TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3Recurring itemsAFS securitiesU.S. Treasury$206,041 $— $206,041 $— $220,571 $— $220,571 $— States and political subdivisions71,102 — 71,102 — 76,568 — 76,568 — Auction rate money market preferred2,790 — 2,790 — 3,044 — 3,044 — Mortgage-backed securities23,397 — 23,397 — 26,886 — 26,886 — Collateralized mortgage obligations201,213 — 201,213 — 154,674 — 154,674 — Corporate7,427 — 7,427 — 7,286 — 7,286 — Total AFS securities511,970 — 511,970 — 489,029 — 489,029 — Nonrecurring itemsCollateral dependent (net of ACL)3,426 — — 3,426 254 — — 254 OMSR2,164 — — 2,164 2,185 — —