Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 127

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 127
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net of tax):UnrealizedGains(Losses) onAFSSecuritiesChange in Unrecognized Pension Cost on DefinedBenefitPension PlanTotalBalance, December 31, 2021$3,873 $(2,014)$1,859 OCI before reclassifications(50,015)762 (49,253)Amounts reclassified from AOCI— 59 59 Subtotal(50,015)821 (49,194)Tax effect10,314 (173)10,141 OCI, net of tax(39,701)648 (39,053)Balance, December 31, 2022(35,828)(1,366)(37,194)OCI before reclassifications13,365 752 14,117 Amounts reclassified from AOCI(67)95 28 Subtotal13,298 847 14,145 Tax effect(2,669)(178)(2,847)OCI, net of tax10,629 669 11,298 Balance, December 31, 2023(25,199)(697)(25,896)OCI before reclassifications5,339 462 5,801 Amounts reclassified from AOCI— (82)(82)Subtotal5,339 380 5,719 Tax effect(1,098)(80)(1,178)OCI, net of tax4,241 300 4,541 Balance, December 31, 2024$(20,958)$(397)$(21,355)Included in OCI are changes in unrealized gains and losses related to auction rate money market preferred stocks.  Auction rate money market preferred stocks, for federal income tax purposes, have no deferred federal income taxes related to unrealized gains or losses given the nature of the investments.A summary of the components of unrealized gains on AFS securities included in OCI follows for the years ended December 31: 202420232022Auction Rate Money Market Preferred StocksAll Other AFS SecuritiesTotalAuction Rate Money Market Preferred StocksAll Other AFS SecuritiesTotalAuction Rate Money Market Preferred StocksAll Other AFS SecuritiesTotalUnrealized gains (losses) arising during the period$113 $5,226 $5,339 $589 $12,776 $13,365 $(900)$(49,115)$(50,015)Reclassification adjustment for net (g