Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 42

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 42
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.  As of December 31, 2024, we had $776,672 of unencumbered sources of liquidity and strong capital ratios; the Tier 1 Leverage Ratio was 8.86%, Tier 1 risk-based capital was 12.21%, and Total risk-based capital was 15.06%.

Reclassifications

Certain amounts reported in management's discussion and analysis of financial condition and results of operations for 2023 and 2022 have been reclassified to conform with the 2024 presentation.

Subsequent Events

We evaluated subsequent events after December 31, 2024 through the date our consolidated financial statements were issued for potential recognition and disclosure.  No subsequent events require financial statement recognition or disclosure between December 31, 2024 and the date our consolidated financial statements were issued.

Other

We have not received, nor are aware of, any notices of regulatory actions as of March 11, 2025.

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Table of Contents

Selected Financial Data

The following table outlines our results of operations and provides certain key performance measures as of, and for the years ended December 31:202420232022PER SHAREBasic earnings$1.86 $2.42 $2.95 Diluted earnings1.86 2.40 2.91 Adjusted diluted earnings (1)2.01 2.37 2.91 Dividends1.12 1.12 1.09 Book value (2)28.32 27.04 24.63 Tangible book value (2)21.82 20.59 18.25 Market price (2)25.99 21.50 23.50 PERFORMANCE RATIOSReturn on average total assets0.67 %0.89 %1.08 %Adjusted return on average total assets (1)0.72 %0.88 %1.08 %Return on average shareholders' equity6.73 %9.52 %11.41 %Adjusted return on average shareholders' equity (1)7.28 %9.43 %11.40 %Return on average tangible shareholders' equity8.78 %12.75 %15.17 %Adjusted return on average tangible shareholders' equity (1)9.50 %12.63 %15.16 %Net interest margin yield (FTE) (1)2.90