Company: ISBA
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000842517-25-000210
Chunk: 56

Company: ISABELLA BANK CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 — 254 — Consumer— — — — Total$3,426 $— $254 $— We have designated loans classified as collateral dependent for which we apply the practical expedient to measure the ACL based on the fair value of the collateral less cost to sell when the repayment is expected to be provided substantially by the sale or operation of the collateral and the borrower is experiencing financial difficulty. The fair value of the collateral is based on appraisals, which may be adjusted due to their age, and the type, location, and condition of the property or area or general market conditions to reflect the expected change in value between the effective date of the appraisal and the measurement date. Appraisals are updated every one to two years depending on the type of loan and the total exposure of the borrower. Loans evaluated for expected credit losses on an individual basis as of September 30, 2025 include $3,426 in collateral dependent loans secured by commercial real estate and residential real estate of $3,000 and $426, respectively.

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Note 4 – Borrowed Funds

Short-term borrowingsShort-term borrowings include securities sold under repurchase agreements without stated maturity dates, federal funds purchased, and FRB Discount Window advances, which all generally mature within one to three days from the transaction date.A summary of short-term borrowed funds without stated maturity dates was as follows for the:Three Months Ended September 3020252024Maximum Month End BalanceAverage BalanceWeighted Average Interest Rate During the PeriodMaximum Month End BalanceAverage BalanceWeighted Average Interest Rate During the PeriodSecurities sold under agreements to repurchase without stated maturity dates$62,022 $52,700 3.17 %$56,051 $48,151 3.18 %Federal funds purchased— — 0.00 %— — 0.00 %FRB Discount Window— — 0.00 %5,300 153 5.18 %Nine Months Ended September 3020252024Maximum Month End BalanceAverage BalanceWeighted Average Interest Rate During the PeriodMaximum Month End BalanceAverage BalanceWeighted Average Interest Rate During the PeriodSecurities sold under agreements to repurchase without stated maturity dates$62,022 $45,705 3.18 %$56,051 $43,140 3.17 %Federal funds purchased— 7 5.43 %— 1