Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 53

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 53
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.S. offices that exceed the FDIC insurance limits.  The balance provided above are estimates and reflect the methodologies and assumptions used for regulatory reporting of uninsured deposits. The remaining maturity of estimated uninsured certificates of deposit, by account, as of December 31, 2024 is presented in the table below.  Estimated uninsured certificates of deposit is based on individual accounts and does not reflect uninsured balances by account owner.

MaturityWithin 3 months$25,046 Within 3 to 6 months9,536 Within 6 to 12 months26,186 Over 12 months4,425 Total$65,193 

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Table of Contents

Asset Quality Analysis

The following table outlines our asset quality analysis as of, and for the years ended December 31:

202420232022NONPERFORMING ASSETSCommercial and industrial$— $491 $82 Commercial real estate— — 14 Agricultural— 205 234 Residential real estate282 286 127 Consumer— — — Total nonaccrual loans282 982 457 Accruing loans past due 90 days or more19 87 — Total nonperforming loans301 1,069 457 Foreclosed assets544 406 439 Debt securities— 12 77 Total nonperforming assets$845 $1,487 $973 Nonperforming loans to gross loans0.02 %0.08 %0.04 %Nonperforming assets to total assets0.04 %0.07 %0.05 %Nonaccrual loans to gross loans 0.02 %0.07 %0.04 %ACL as a % of nonaccrual loansN/MN/MN/MALLOWANCE FOR CREDIT LOSSESAllowance at beginning of period$13,108 $9,850 $9,103 Impact of the adoption of ASC 326— 2,744 — Charge-offs2,784 824 619 Recoveries884 709 883 Net loan charge-offs (recoveries)1,900 115 (264)Provision for credit losses - loans1,687 629 483 Allowance at end of period$12,895 $13,108 $9,850 ACL to gross loans0.91 %0.97 %0.78 %