Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 69

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 69
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 4,021 Short-term borrowings1,439 961 79 FHLB advances1,949 1,309 152 Subordinated debt1,065 1,065 1,065 Total interest expense34,143 21,687 5,317 Net interest income55,835 57,944 60,481 Provision for credit losses1,884 629 483 Net interest income after provision for credit losses53,951 57,315 59,998 Noninterest incomeService charges and fees8,626 8,297 8,730 Wealth management fees4,041 3,557 3,005 Earnings on BOLI1,007 920 884 Net gain on sale of mortgage loans213 317 631 Other689 736 416 Total noninterest income14,576 13,827 13,666 Noninterest expensesCompensation and benefits28,576 25,905 24,887 Occupancy and equipment10,524 10,297 9,697 Other professional services2,212 2,340 2,358 ATM and debit card fees1,975 1,767 1,909 Marketing1,712 2,074 1,979 FDIC insurance premiums1,132 922 537 Other losses1,117 871 546 Memberships and subscriptions928 1,042 876 Loan underwriting fees866 927 1,004 Other3,087 3,165 3,027 Total noninterest expenses52,129 49,310 46,820 Income before income tax expense16,398 21,832 26,844 Income tax expense2,509 3,665 4,606 Net income$13,889 $18,167 $22,238 Earnings per common shareBasic$1.86 $2.42 $2.95 Diluted$1.86 $2.40 $2.91 Cash dividends per common share$1.12 $1.12 $1.09 

The accompanying notes are an integral part of these consolidated financial statements.

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Table of Contents

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Dollars in thousands)

Year Ended December 31202420232022Net income$13,