Company: ISBA
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000842517-25-000210
Chunk: 80

Company: ISABELLA BANK CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 80
---
AAP Financial Measures" section of this Form 10-Q.

46

Average Balances, Interest Rates, and Net Interest Income

The following schedules present the daily average amount outstanding for each major category of interest earning assets, non-earning assets, interest bearing liabilities, and noninterest bearing liabilities. These schedules also present an analysis of interest income and interest expense for the periods indicated. All interest income is reported on a FTE basis using a federal income tax rate of 21%. Loans in nonaccrual status, for the purpose of the following computations, are included in the average loan balances. FRB restricted equity holdings are included in other interest earning assets.Three Months EndedSeptember 30, 2025June 30, 2025September 30, 2024AverageBalanceTaxEquivalentInterestAverageYield /RateAverageBalanceTaxEquivalentInterestAverageYield /RateAverageBalanceTaxEquivalentInterestAverageYield /RateINTEREST EARNING ASSETSLoans (1)$1,409,928 $20,583 5.78 %$1,388,684 $19,832 5.71 %$1,403,810 $20,230 5.72 %AFS securities (2)517,286 3,172 2.42 %534,352 3,210 2.38 %536,379 2,981 2.17 %FHLB stock5,600 70 4.95 %5,600 125 8.94 %12,762 168 5.26 %Fed funds sold186 2 4.35 %6 — 3.83 %4 — 5.36 %Other (3)123,183 1,233 3.92 %20,487 253 4.92 %14,597 194 5.18 %Total interest earning assets2,056,183 25,060 4.83 %1,949,129 23,420 4.81 %1,967,552 23,573 4.75 %NONEARNING ASSETSAllowance for credit losses(13,057)(13,369)(13,125)Cash and demand deposits due from banks25,591 22,026 25,903 Premises and equipment28,313 28,306 27,868 Other assets109,692 106