Company: ISBA
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000842517-25-000210
Chunk: 18

Company: ISABELLA BANK CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 Total liabilities and shareholders' equity$2,259,654 $2,086,241 

See notes to interim condensed consolidated financial statements (unaudited).

4

Table of Contents

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

(Dollars in thousands except per share amounts)

Three Months Ended  September 30Nine Months Ended  September 30 2025202420252024Interest incomeLoans$20,583 $20,230 $59,763 $57,150 AFS securities2,994 2,749 8,669 8,437 FHLB stock70 168 355 472 Federal funds sold and other1,235 194 1,970 750 Total interest income24,882 23,341 70,757 66,809 Interest expenseDeposits8,012 7,631 22,866 22,107 Short-term borrowings441 384 1,106 1,026 FHLB advances— 571 170 1,597 Subordinated debt267 267 799 799 Total interest expense8,720 8,853 24,941 25,529 Net interest income16,162 14,488 45,816 41,280 Provision (reversal) for credit losses209 946 (997)1,508 Net interest income after provision for credit losses15,953 13,542 46,813 39,772 Noninterest incomeService charges and fees2,352 2,133 6,397 6,089 Wealth management fees1,074 1,003 3,137 2,990 Earnings on BOLI468 252 1,140 748 Net gain on sale of mortgage loans38 37 115 138 Other376 103 733 639 Total noninterest income4,308 3,528 11,522 10,604 Noninterest expensesCompensation and benefits7,630 7,251 22,509 21,236 Occupancy and equipment2,628 2,645 7,878 7,970 Other professional services851 588 2,425 1,628 ATM and debit card fees595 503 1,636 1,459 Marketing514 403