Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 43

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 will take place to collect loan without immediate progress being made.

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8. DOUBTFUL – WorkoutCredit has all the weaknesses inherent in a “Substandard” loan with the added characteristic that collection and/or liquidation is pending. The possibility of a loss is extremely high, but its classification as a loss is deferred until liquidation procedures are completed, or reasonably estimable. Other characteristics that may apply:•Normal operations are severely diminished or have ceased.•Seriously impaired cash flow.•Original repayment terms materially altered.•Secondary source of repayment is inadequate.•Survivability as a “going concern” is impossible.•Collection process has begun.•Bankruptcy petition has been filed.•Judgments have been filed.•Portion of the loan balance has been charged off.9. LOSS – Charge-offCredit is considered uncollectible and of such little value that their continuance as bankable assets is not warranted.  This classification is for charged-off loans but does not mean that the asset has absolutely no recovery or salvage value.  These loans are further characterized by:•Liquidation or reorganization under bankruptcy, with poor prospects of collection.•Fraudulently overstated assets and/or earnings.•Collateral has marginal or no value.•Debtor cannot be located.•Over 120 days delinquent.

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Our primary credit quality indicator for residential real estate and consumer loans is the individual loan’s past due status.  The following tables display residential real estate and consumer loans by payment status and year of origination as of:March 31, 2025 20252024202320222021PriorRevolvingLoansRevolving Loans Converted to TermTotalResidential real estate:  Senior lienCurrent$10,712 $58,748 $39,681 $46,037 $72,311 $105,685 $— $1,033 $334,207 Past due 30-89 days— 202 184 219 499 2,058 — — 3,162 Past due 90 or more days— — — — — — — — — Nonaccrual— — — — — 173 — — 173 Total$10,712 $58,950 $39,865 $46,256 $72,810 $107,916 $— $1,033 $337,542 Current year-to-date gross