Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 110

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 110
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Table of Contents

 202320232022202120202019PriorRevolvingLoansRevolving Loans Converted to TermTotalConsumer:  Secured - indirect Current$30,900 $10,977 $6,887 $5,376 $2,030 $2,973 $— $— $59,143 Past due 30-89 days123 — — 30 3 25 — — 181 Past due 90 or more days— — — — — — — — — Nonaccrual— — — — — — — — — Total$31,023 $10,977 $6,887 $5,406 $2,033 $2,998 $— $— $59,324 Current year-to-date gross charge-offs$— $— $— $— $— $— $— $— $— Consumer:  UnsecuredCurrent$1,576 $740 $144 $86 $7 $— $694 $— $3,247 Past due 30-89 days— 9 — — — — — — 9 Past due 90 or more days— — — — — — — — — Nonaccrual— — — — — — — — — Total$1,576 $749 $144 $86 $7 $— $694 $— $3,256 Current year-to-date gross charge-offs$344 $21 $13 $2 $— $1 $1 $— $382 Loan ModificationsA loan modification includes terms outside of normal lending practices to a borrower experiencing financial difficulty.Typical modifications granted include, but are not limited to:•Agreeing to interest rates below prevailing market rates for debt with similar risk characteristics.•Extending the maturity date or amortization period beyond typical lending guidelines for loans with similar risk characteristics.•Agreeing to an interest-only payment structure, delaying principal payments, or delaying payments.•Forgiving principal.To determine if a borrower is experiencing financial difficulty, factors we consider