Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 67

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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193,240 — 193,240 — 154,674 — 154,674 — Corporate7,272 — 7,272 — 7,286 — 7,286 — Total AFS securities500,560 — 500,560 — 489,029 — 489,029 — Nonrecurring itemsCollateral dependent (net of ACL)1,087 — — 1,087 254 — — 254 Foreclosed assets667 — — 667 544 — — 544 OMSR2,261 — — 2,261 2,185 — — 2,185 Total$504,575 $— $500,560 $4,015 $492,012 $— $489,029 $2,983 Percent of assets and liabilities measured at fair value0.00 %99.20 %0.80 %0.00 %99.39 %0.61 %We recorded an impairment related to foreclosed assets of $0 and $63 through earnings for the three and six-month periods ended June 30, 2025.  No impairments related to foreclosed assets were recorded for the three and six month period ended June 30, 2024. We recorded an impairment related to OMSR of $2 through earnings for each of the three and six month periods ended June 30, 2025.  No impairments related to OMSR were recorded for the three and six month period ended June 30, 2024.We had no other assets or liabilities recorded at fair value with changes in fair value recognized through earnings, on a recurring basis or nonrecurring basis, as of June 30, 2025.  Further, we had no unrealized gains and losses included in OCI for recurring Level 3 fair value measurements held at the end of the reporting period.

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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

(Dollars in thousands except per share amounts and ratios, unless otherwise noted)

The following is management's discussion and analysis of our financial condition and results of operations for the unaudited periods covered by this Quarterly Report on Form 10-Q for the three and six months ended June 30, 2025 (this “Form 10-Q”). This analysis should be