Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 49

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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%Total$823 $15 We do not modify any loans by forgiving principal or accrued interest. We had committed to advance $0 and $43 in additional funds to be disbursed in connection with modified loans at March 31, 2025 and December 31, 2024, respectively, as displayed in the tables above.The following is a summary of the financial effect of the modifications granted to borrowers experiencing financial difficulty for the:Three Months Ended March 3120252024Weighted-Average Term Extension (Years)Payment Delay TermWeighted-Average Term Extension (Years)Commercial and industrialSecured4.4 yearsN/A3 yearsCommercial real estateCommercial mortgage owner occupied15 years7 monthsN/AConsumerSecured - indirectN/AN/A1.3 years

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We closely monitor the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of our modification efforts.  The following tables summarize the amortized cost basis of loans that have been modified within the past 12 months prior to:March 31, 2025Current30-59 DaysPast Due60-89 DaysPast Due90 Days orMore Past DueTotalCommercial and industrialSecured$2,168 $— $— $— $2,168 Commercial real estateCommercial mortgage owner occupied2,872 — — — 2,872 AgriculturalAgricultural mortgage1,584 — — — 1,584 Agricultural other924 — — — 924 Total$7,548 $— $— $— $7,548 March 31, 2024Current30-59 DaysPast Due60-89 DaysPast Due90 Days orMore Past DueTotalCommercial and industrialSecured$12 $— $— $— $12 Commercial real estateCommercial mortgage owner occupied941 — — — 941 Commercial mortgage non-owner occupied1,023 — — — 1,023 Commercial mortgage multifamily2,976 — — — 2,976 AgriculturalAgricultural mortgage22 — — — 22 ConsumerSecured - indirect2 — — — 2 Total$4,976 $— $— $— $4,976 We had no loans that defaulted in the three-month periods ended March 31, 2025 and 202