Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 45

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 severely diminished or have ceased.•Seriously impaired cash flow.•Original repayment terms materially altered.•Secondary source of repayment is inadequate.•Survivability as a “going concern” is impossible.•Collection process has begun.•Bankruptcy petition has been filed.•Judgments have been filed.•Portion of the loan balance has been charged off.9. LOSS – Charge-offCredit is considered uncollectible and of such little value that their continuance as bankable assets is not warranted.  This classification is for charged-off loans but does not mean that the asset has absolutely no recovery or salvage value.  These loans are further characterized by:•Liquidation or reorganization under bankruptcy, with poor prospects of collection.•Fraudulently overstated assets and/or earnings.•Collateral has marginal or no value.•Debtor cannot be located.•Over 120 days delinquent.

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Our primary credit quality indicator for residential real estate and consumer loans is the individual loan’s past due status.  The following tables display residential real estate and consumer loans by payment status and year of origination as of:June 30, 2025 20252024202320222021PriorRevolvingLoansRevolving Loans Converted to TermTotalResidential real estate:  Senior lienCurrent$27,522 $56,290 $38,365 $44,867 $70,814 $103,488 $— $4,839 $346,185 Past due 30-89 days— — — 318 — 132 — — 450 Past due 90 or more days— — — — — 31 — — 31 Nonaccrual— — — — 186 428 — — 614 Total$27,522 $56,290 $38,365 $45,185 $71,000 $104,079 $— $4,839 $347,280 2025 year-to-date gross charge-offs$— $— $— $— $— $1 $— $— $1 Residential real estate:  Junior lienCurrent$2,121 $3,797 $2,757 $652 $97 $341 $— $— $9,765 Past due 30-89 days— — — — —