Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 65

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 cases where quoted market values in an active market are not available, we use present value techniques and other valuation methods to estimate the fair values of our financial instruments. These valuation methods require considerable judgment and the resulting estimates of fair value can be significantly affected by the assumptions made and methods used.

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The carrying amount and estimated fair value of financial instruments not recorded at fair value in their entirety on a recurring basis were as follows as of: June 30, 2025CarryingValueEstimatedFair ValueLevel 1Level 2Level 3ASSETSCash and cash equivalents$108,554 $108,554 $108,554 $— $— FHLB stock (1)5,600 N/A— — — Mortgage loans HFS55 56 — 56 — Gross loans1,397,513 1,353,000 — — 1,353,000 Less allowance for credit losses12,977 12,977 — — 12,977 Net loans1,384,536 1,340,023 — — 1,340,023 Accrued interest receivable7,538 7,538 7,538 — — Equity securities without readily determinable fair values (1)3,086 N/A— — — LIABILITIESDeposits without stated maturities1,453,444 1,453,444 1,453,444 — — Deposits with stated maturities395,932 394,010 — 394,010 — Short-term borrowings43,208 43,155 — 43,155 — FHLB advances— — — — — Subordinated debt, net of unamortized issuance costs29,469 27,896 — 27,896 — Accrued interest payable937 937 937 — —  December 31, 2024 CarryingValueEstimatedFair ValueLevel 1Level 2Level 3ASSETSCash and cash equivalents$24,542 $24,542 $24,542 $— $— FHLB stock (1)12,762 N/A— — — Mortgage loans HFS242 247 — 247 — Gross