Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 19

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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,276 Total liabilities and shareholders' equity$2,156,168 $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  June 30Six Months Ended  June 30 2025202420252024Interest incomeLoans$19,832 $18,863 $39,180 $36,920 AFS securities3,032 2,804 5,675 5,688 FHLB stock125 158 285 304 Federal funds sold and other253 263 735 556 Total interest income23,242 22,088 45,875 43,468 Interest expenseDeposits7,391 7,313 14,854 14,476 Short-term borrowings324 321 665 642 FHLB advances132 638 170 1,026 Subordinated debt266 266 532 532 Total interest expense8,113 8,538 16,221 16,676 Net interest income15,129 13,550 29,654 26,792 (Reversal of) provision for credit losses(1,099)170 (1,206)562 Net interest income after provision for credit losses16,228 13,380 30,860 26,230 Noninterest incomeService charges and fees2,071 2,023 4,045 3,956 Wealth management fees1,084 1,048 2,063 1,987 Earnings on BOLI300 253 672 496 Net gain on sale of mortgage loans47 67 77 101 Other184 217 357 536 Total noninterest income3,686 3,608 7,214 7,076 Noninterest expensesCompensation and benefits7,496 6,970 14,879 13,985 Occupancy and equipment2,650 2,619 5,250 5,325 Other professional services863 527 1,574 1,040 ATM and debit card fees555 487 1,041 956 Marketing469 425 928 851 FDIC