Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 112

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 112
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.81 %— 0.00 %— 0.00 %AgriculturalAgricultural mortgage— 0.00 %227 0.33 %24 0.03 %Agricultural other— 0.00 %32 0.10 %— 0.00 %Residential real estateSenior lien— 0.00 %5 0.00 %— 0.00 %Total$3,095 $1,294 $24 We do not modify any loans by forgiving principal or accrued interest. We had committed to advance $43 and $0 in additional funds in connection with modified loans at December 31, 2024 and 2023, respectively, as displayed in the tables above.

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Table of Contents

The following tables summarize the financial effect of the modifications granted to borrowers experiencing financial difficulty for the years ended December 31:2024Payment Delay TermWeighted-Average Interest Rate ReductionWeighted-Average Term Extension (Years)Commercial and industrialSecured4 monthsN/A3.00Commercial real estateCommercial mortgage owner occupied7 monthsN/A3.00AgriculturalAgricultural mortgage5 monthsN/A6.27Agricultural other4 months0.50%0.33ConsumerSecured - indirectN/AN/A1.332023Payment Delay TermWeighted-Average Interest Rate ReductionWeighted-Average Term Extension (Years)Commercial real estateCommercial mortgage owner occupied6 monthsN/AN/ACommercial mortgage non-owner occupiedN/AN/A3.00Commercial mortgage multifamily6 monthsN/AN/AAgriculturalAgricultural mortgageN/A4.50%1.08Agricultural otherN/AN/A1.00Residential real estateSenior lienN/AN/A2.60We closely monitor the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of our modification efforts. The following tables summarize the performance of such loans that were modified within the past 12 months prior to December 31:2024Current30-59 DaysPast Due60-89 DaysPast Due90 Days orMore Past DueTotalCommercial and industrialSecured$1,782 $10 $— $— $1,792 Commercial real estateCommercial mortgage owner occupied2,171 — — — 2,171 AgriculturalAgricultural mortgage1,586 — — — 1,586 Agricult