Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 115

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 115
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ack of current financial information;•Competition, legal, and regulatory; and•Changes in the value of underlying collateral.A summary of changes in the ACL and the recorded investment in loans by segments are as follows for the years ended December 31:2024Commercial and IndustrialCommercial Real EstateAgriculturalResidential Real EstateConsumerTotalDecember 31, 2023$968 $5,878 $270 $4,336 $1,656 $13,108 Charge-offs(381)— — (10)(2,393)(2,784)Recoveries42 355 6 128 353 884 Credit loss expense687 (1,062)11 67 1,984 1,687 December 31, 2024$1,316 $5,171 $287 $4,521 $1,600 $12,895 2023Commercial and IndustrialCommercial Real EstateAgriculturalResidential Real EstateConsumerUnallocatedTotalDecember 31, 2022$860 $461 $577 $617 $961 $6,374 $9,850 Impact of the adoption of ASC 326(58)5,532 (247)3,535 356 (6,374)2,744 Charge-offs(276)— (4)(2)(542)— (824)Recoveries79 26 12 329 263 — 709 Credit loss expense363 (141)(68)(143)618 — 629 December 31, 2023$968 $5,878 $270 $4,336 $1,656 $— $13,108 The following table illustrates the two main components of the ACL as of December 31:20242023ACLIndividually evaluated$— $84 Collectively evaluated12,895 13,024 Total$12,895 $13,108 ACL to gross loansIndividually evaluated— %0.01 %Collectively evaluated0.91 %0.96 %Total0.91 %0.97 %

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The following table presents loans that were evaluated for expected credit losses on an individual basis and the related specific allocations, by loan segment as of December 31: 20242023Loan BalanceSpecific AllocationLoan BalanceSpecific AllocationCommercial and industrial