Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 92

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 92
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 is used to help determine if a charge-off is necessary.  Consumer loans are typically charged-off no later than 180 days past due.  Past due status is based on the contractual term of the loan. In all cases, a loan is placed in nonaccrual status at an earlier date if collection of principal or interest is considered doubtful.When a loan is placed in nonaccrual status, all interest accrued in the current calendar year, but not collected, is reversed against interest income while interest accrued in prior calendar years, but not collected, is charged against the ACL. Loans may be returned to accrual status after six months of continuous performance and achievement of current payment status.The following table summarizes nonaccrual loan data by class of loans as of December 31: 20242023 Total Nonaccrual LoansNonaccrual Loans with No ACLTotal Nonaccrual LoansNonaccrual Loans with No ACLCommercial and industrialSecured$— $— $491 $435 AgriculturalAgricultural mortgage— — 38 38 Agricultural other— — 167 167 Residential real estateSenior lien282 282 286 286 Total$282 $282 $982 $926 

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The following tables summarize the past due and current loans for the entire loan portfolio as of December 31:2024 Past Due:  30-59Days60-89Days90 Daysor MoreCurrentTotalAccruing Loans 90 or More Days Past DueCommercial and industrialSecured$328 $— $— $221,182 $221,510 $— Unsecured— 50 — 23,334 23,384 — Total commercial and industrial328 50 — 244,516 244,894 — Commercial real estateCommercial mortgage owner occupied25 304 — 178,047 178,376 — Commercial mortgage non-owner occupied792 — — 207,326 208,118 — Commercial mortgage 1-4 family investor— — — 92,497 92,497 — Commercial mortgage multifamily— — — 68,456 68,456 — Total commercial real estate817 304 — 546,326 547,447 — Advances to mortgage brokers— — — 63,080