Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 88

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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INQUENT AND NONACCRUAL LOANSAccruing loans 30-89 days past due$1,076 $5,555 $5,682 $2,226 $1,484 Accruing loans past due 90 days or more31 26 19 64 15 Total accruing past due loans1,107 5,581 5,701 2,290 1,499 Nonaccrual loans1,164 173 282 547 994 Total past due and nonaccrual loans$2,271 $5,754 $5,983 $2,837 $2,493 

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 28,830 shares or $759 of common stock during the first six months of 2025, as compared to 43,980 shares or $840 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 $201 and $279 during the six-month periods ended June 30, 2025 and 2024, respectively.  We also grant restricted stock awards pursuant to the RSP. Pursuant to this plan, we increased shareholders’ equity by $21 during the first six months of 2025, as compared to $45 during the same period in 2024.

We have publicly announced a common stock repurchase program. Pursuant to this repurchase program, we repurchased 103,406 shares or $2,650 of common stock during the first six months of 2025 and 72,093 shares or $1,402 of common stock during the first six months of 2024. As of June 30, 2025, we were authorized to repurchase up to an additional 514,823 shares of common stock under the repurchae program.

The FRB has established minimum risk-based capital guidelines. Pursuant to these guidelines, a framework has been established that assigns risk weights to each category of on and off-balance-sheet items to arrive at risk adjusted total assets. Regulatory capital is divided by the risk adjusted assets with the resulting