Company: ISBA
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000842517-25-000210
Chunk: 19

Company: ISABELLA BANK CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 1,442 1,254 FDIC insurance premiums271 291 841 823 Other losses47 347 501 908 Other1,449 1,200 3,797 3,521 Total noninterest expenses13,985 13,228 41,029 38,799 Income before income tax expense6,276 3,842 17,306 11,577 Income tax expense1,036 561 3,086 1,684 Net income$5,240 $3,281 $14,220 $9,893 Earnings per common shareBasic$0.71 $0.44 $1.93 $1.32 Diluted0.71 0.44 1.92 1.32 Cash dividends per common share0.28 0.28 0.84 0.84 

See notes to interim condensed consolidated financial statements (unaudited).

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Table of Contents

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

(Dollars in thousands)

Three Months Ended  September 30Nine Months Ended  September 30 2025202420252024Net income$5,240 $3,281 $14,220 $9,893 Unrealized gains on AFS securities5,030 13,081 13,923 10,858 Tax effect (1)(1,052)(2,724)(2,977)(2,241)Unrealized gains on AFS securities, net of tax3,978 10,357 10,946 8,617 Comprehensive income$9,218 $13,638 $25,166 $18,510 

(1) See “Note 6 – Capital Ratios and Shareholders' Equity” of these consolidated financial statements for tax effect reconciliation.

See notes to interim condensed consolidated financial statements (unaudited).

6

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED)

(Dollars in thousands except per share amounts)Common StockCommon SharesOutstandingAmountCommon Shares to beIssued forDeferredCompensationObligationsRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)TotalsJune 30, 20247,