Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 96

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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Demand deposits403,024 425,116 412,228 Other liabilities16,265 15,775 16,151 Shareholders’ equity214,212 212,912 203,434 Total liabilities and shareholders’ equity$2,085,537 $2,094,569 $2,066,757 Net interest income (FTE)$14,709 $14,768 $13,488 Net yield on interest earning assets (FTE) (4)3.06 %2.98 %2.79 %

(1) Includes loans HFS and nonaccrual loans

(2) Average balances for AFS securities are based on amortized cost

(3) Includes average interest-bearing deposits with other banks, net of Federal Reserve daily cash letter

(4) Non-GAAP financial measure; refer to the "Non-GAAP Financial Measures" section

42

Loans

The following table displays loan balances as of:March 312025December 312024September 302024June 302024March 312024Annualized Growth %Quarter to DateCommercial and industrial$249,220 $244,894 $240,589 $238,245 $226,281 7.07 %Commercial real estate552,234 547,447 547,038 547,005 561,123 3.50 %Advances to mortgage brokers3,015 63,080 76,187 39,300 29,688 N/MAgricultural94,359 99,694 96,794 94,996 93,695 (21.41)%Total commercial loans898,828 955,115 960,608 919,546 910,787 (23.57)%Residential real estate387,348 380,872 369,846 365,188 356,658 6.80 %Consumer81,548 87,584 93,829 96,902 98,063 (27.57)%Total$1,367,724 $1,423,571 $1,424,283 $1,381,636 $1,365,508 (15.69)%

The following table presents the composition of our commercial real estate portfolio by industry as of:March 31, 2025December 31, 2024BalancePercent of TotalBalancePercent of Total