Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 112

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 112
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119 Shareholders' equity (2)221 216 210 213 202 221 202 Wealth assets under management (2)679 657 658 680 648 679 648 Net income5 4 4 3 3 9 7 Interest income23 23 23 23 22 46 43 Interest expense8 8 9 9 9 16 17 Net interest income15 15 15 14 14 30 27 Provision for credit losses(1)— — 1 — (1)1 Noninterest income4 4 4 4 4 7 7 Noninterest expenses14 13 13 13 13 27 26 

(1) Non-GAAP financial measure; refer to the "Reconciliation of Non-GAAP Financial Measures" section of this Form 10-Q.

(2) At end of period.

46

Average Balances, Interest Rates, and Net Interest Income

The following schedules present the daily average amount outstanding for each major category of interest earning assets, non-earning assets, interest bearing liabilities, and noninterest bearing liabilities. These schedules also present an analysis of interest income and interest expense for the periods indicated. All interest income is reported on a FTE basis using a federal income tax rate of 21%. Loans in nonaccrual status, for the purpose of the following computations, are included in the average loan balances. FRB restricted equity holdings are included in other interest earning assets.Three Months EndedJune 30, 2025March 31, 2025June 30, 2024AverageBalanceTaxEquivalentInterestAverageYield /RateAverageBalanceTaxEquivalentInterestAverageYield /RateAverageBalanceTaxEquivalentInterestAverageYield /RateINTEREST EARNING ASSETSLoans (1)$1,388,684 $19,832 5.71 %$1,370,765 $19,348 5.71 %$1,375,523 $18,863 5.50 %AFS securities (2)534,352 3,210 2.38 %514,479 2,827 2.20 %545,827 3,041 2.17 %FHLB stock5,600 125 8.94 %11,011 160 5.82 %12,