Company: ISBA
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000842517-25-000210
Chunk: 24

Company: ISABELLA BANK CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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.OPERATING SEGMENTS: Segment information is prepared on the same basis that our Chief Executive Officer, who is our Chief Operating Decision Maker (“CODM”), manages our segments, evaluates financial results, and makes key operating decisions.  While the CODM monitors the revenue streams of our various products and services, operations are managed, and financial performance is evaluated on a corporate-wide basis.  Operating segments are aggregated into one as operating results for all segments are similar.  Accordingly, all of the banking-related operations are considered by management to be aggregated in one reportable operating segment.The segment is also distinguished by the level of information provided to the CODM, who uses such information to review performance of various components of the business, which are then aggregated if operating performance, products and services, and geographical regions are similar.  The CODM will evaluate the financial performance of our business components by evaluating revenue streams, significant expenses, and budget to actual results in assessing our reportable segment and in the determination of allocating resources.  Further, the CODM uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets.Consolidated net income is used to benchmark results against our competitors.  Benchmarking and monitoring of budget to actual results are used in assessment performance and in establishing compensation.  Revenue from banking operations consists primarily of loan and investment interest, deposit related fees, and wealth fees.  Interest expense, provision for credit losses, compensation, and occupancy and equipment costs provide the significant expenses in our banking operations.  All operations are domestic.RECLASSIFICATIONS: Certain amounts reported in the interim 2024 consolidated financial statements have been reclassified to conform with the 2025 presentation.  Our accounting policies are materially the same as those discussed in Note 1 to the Consolidated Financial Statements included in our 2024 Annual Report on Form 10-K.SUBSEQUENT EVENTS: We evaluated subsequent events after September 30, 2025 through the date our interim condensed consolidated financial statements were issued for potential recognition and disclosure.  We determined that no subsequent events require financial statement recognition or disclosure between September 30, 2025 and the date our interim condensed consolidated financial statements were issued.

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Note 2 – AFS Securities

The amortized cost and fair value of AFS securities, with gross unrealized gains and losses, are as follows at: September 30, 2025AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFairValueU.S. Treasury$210,462