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

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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$24,317 $23,643 $218,735 $513,040 Expected maturities for government sponsored enterprises and states and political subdivisions may differ from contractual maturities because issuers may have the right to call or prepay obligations.As the auction rate money market preferred investments have continual call dates, they are not reported by a specific maturity group. Because of their variable monthly payments, mortgage-backed securities and collateralized mortgage obligations are not reported by a specific maturity group.

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The information in the following tables pertains to AFS securities with gross unrealized losses at March 31, 2025 and December 31, 2024, aggregated by investment category and length of time that individual securities have been in a continuous loss position. March 31, 2025 Less Than Twelve MonthsTwelve Months or More GrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueTotalUnrealizedLossesU.S. Treasury$— $— $7,918 $212,783 $7,918 States and political subdivisions176 15,510 4,543 40,418 4,719 Auction rate money market preferred— — 371 2,829 371 Mortgage-backed securities— — 1,717 25,828 1,717 Collateralized mortgage obligations103 15,649 5,961 143,803 6,064 Corporate85 1,615 765 5,685 850 Total$364 $32,774 $21,275 $431,346 $21,639 Number of securities in an unrealized loss position:95 211 306  December 31, 2024 Less Than Twelve MonthsTwelve Months or MoreGrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueTotalUnrealizedLossesU.S. Treasury$— $— $10,236 $220,571 $10,236 States and political subdivisions486 23,553 4,090 36,796 4,576 Auction rate money market preferred— — 156 3,044 156 Mortgage-backed securities— — 2,182 26,886 2,182 Collateralized mortgage obligations185 5