Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 98

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 98
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285,564 6.72 %Certificates of deposit390,239 387,591 383,597 368,449 366,143 2.73 %Total$1,797,909 $1,747,060 $1,781,832 $1,722,299 $1,768,307 11.64 %

43

Asset Quality Analysis

The following table outlines our quarter-to-date asset quality analysis as of, and for the three-month periods ended:

March 312025December 312024September 302024June 302024March 312024NONPERFORMING ASSETSCommercial and industrial$— $— $120 $271 $567 Commercial real estate— — — — 234 Agricultural— — — 167 189 Residential real estate173 282 427 556 293 Consumer— — — — — Total nonaccrual loans173 282 547 994 1,283 Accruing loans past due 90 days or more26 19 64 15 — Total nonperforming loans199 301 611 1,009 1,283 Foreclosed assets649 544 546 629 579 Debt securities— — 12 12 12 Total nonperforming assets$848 $845 $1,169 $1,650 $1,874 Nonperforming loans to gross loans0.01 %0.02 %0.04 %0.07 %0.09 %Nonperforming assets to total assets0.04 %0.04 %0.06 %0.08 %0.09 %Nonaccrual loans to gross loans 0.01 %0.02 %0.04 %0.07 %0.09 %ACL as a % of nonaccrual loansN/MN/MN/MN/MN/MALLOWANCE FOR CREDIT LOSSESAllowance at beginning of period$12,895 $12,635 $13,095 $13,390 $13,108 Charge-offs172 299 1,767 527 191 Recoveries224 197 408 134 145 Net loan charge-offs (recoveries)(52)102 1,359 393