Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 111

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 111
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 include:•The borrower is currently in default on any debt.•The borrower would likely default on any debt if the concession is not granted.•The borrower’s cash flow is insufficient to service all debt if the concession is not granted.•The borrower has declared, or is in the process of declaring, bankruptcy.•The borrower is unlikely to continue as a going concern (if the entity is a business).

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Table of Contents

The following is a summary of the amortized cost basis of loan modifications granted to borrowers experiencing financial difficulty for the years ended December 31:2024Interest Rate ReductionOther-Than-Insignificant Payment DelayTerm ExtensionOther-Than-Insignificant Payment Delay and Term Extension Amortized Cost Basis% of Total Class of Financial ReceivableAmortized Cost Basis% of Total Class of Financial ReceivableAmortized Cost Basis% of Total Class of Financial ReceivableAmortized Cost Basis% of Total Class of Financial ReceivableCommercial and industrialSecured$— 0.00 %$1,782 0.80 %$10 0.00 %$— 0.00 %Commercial real estateCommercial mortgage owner occupied— 0.00 %818 0.46 %1,353 0.76 %— 0.00 %AgriculturalAgricultural mortgage— 0.00 %1,305 1.93 %281 0.42 %— 0.00 %Agricultural other132 0.41 %— 0.00 %— 0.00 %1,107 3.44 %ConsumerSecured - indirect— 0.00 %— 0.00 %1 0.00 %— 0.00 %Total$132 $3,905 $1,645 $1,107 2023Other-Than-Insignificant Payment DelayTerm ExtensionInterest Rate Reductionand Term Extension Amortized Cost Basis% of Total Class of Financial ReceivableAmortized Cost Basis% of Total Class of Financial ReceivableAmortized Cost Basis% of Total Class of Financial ReceivableCommercial real estateCommercial mortgage owner occupied$118 0.07 %$— 0.00 %$— 0.00 %Commercial mortgage non-owner occupied— 0.00 %1,030 0.48 %— 0.00 %Commercial mortgage multifamily2,977 3