Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 57

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 regulations for bank holding companies.Total capital includes Tier 1 capital and Tier 2 capital. Tier 2 capital includes a permissible portion of the allowances for credit losses and subordinated debt, net of unamortized issuance costs. There are no significant regulatory constraints placed on our capital. At March 31, 2025, the Bank exceeded all minimum capital requirements.

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The following table summarizes the changes in AOCI by component for the:Three Months Ended March 3120252024UnrealizedGains(Losses) onAFSSecuritiesDefinedBenefitPension PlanTotalUnrealizedGains(Losses) onAFSSecuritiesDefinedBenefitPension PlanTotalBalance, December 31$(20,958)$(397)$(21,355)$(25,199)$(697)$(25,896)OCI before reclassifications5,014 — 5,014 (2,926)— (2,926)Amounts reclassified from AOCI— — — — — — Subtotal5,014 — 5,014 (2,926)— (2,926)Tax effect(1,098)— (1,098)632 — 632 OCI, net of tax3,916 — 3,916 (2,294)— (2,294)Balance, March 31$(17,042)$(397)$(17,439)$(27,493)$(697)$(28,190)Included in OCI for the three-month periods ended March 31, 2025 and 2024 are changes in unrealized gains and losses related to certain auction rate money market preferred stocks.  These investments, for federal income tax purposes, have no deferred federal income taxes related to unrealized gains or losses given the nature of the investments.A summary of the components of unrealized gains on AFS securities included in OCI follows for the: Three Months Ended March 31 20252024Auction Rate Money Market PreferredAll Other AFS SecuritiesTotalAuction Rate Money Market PreferredAll Other AFS SecuritiesTotalUnrealized gains (losses) arising during the period$(215)$5,229 $5,014 $82 $(3,008)$(2,926)Reclassification adjustment for net (gains) losses included in net income— — — — — — Net unrealized gains (losses)(215