Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 52

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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968 $5,878 $270 $4,336 $1,656 $13,108 Charge-offs— — — (1)(190)(191)Recoveries2 6 2 64 71 145 Provision for credit losses297 19 (7)(91)110 328 March 31, 2024$1,267 $5,903 $265 $4,308 $1,647 $13,390 

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The following table illustrates the two main components of the ACL as of:March 312025December 312024September 302024June 302024March 312024ACLIndividually evaluated$— $— $— $137 $349 Collectively evaluated12,735 12,895 12,635 12,958 13,041 Total$12,735 $12,895 $12,635 $13,095 $13,390 ACL to gross loansIndividually evaluated0.00 %0.00 %0.00 %0.01 %0.03 %Collectively evaluated0.93 %0.91 %0.89 %0.94 %0.95 %Total0.93 %0.91 %0.89 %0.95 %0.98 %The following table presents loans that were evaluated for expected credit losses on an individual basis and the related specific allocations, by loan segment as of: March 31, 2025December 31, 2024Loan BalanceSpecific AllocationLoan BalanceSpecific AllocationCommercial and industrial$— $— $— $— Commercial real estate— — — — Agricultural— — — — Residential real estate145 — 254 — Consumer— — — — Total$145 $— $254 $— We have designated loans classified as collateral dependent for which we apply the practical expedient to measure the ACL based on the fair value of the collateral less cost to sell when the repayment is expected to be provided substantially by the sale or operation of the collateral and the borrower is experiencing financial difficulty. The fair value of the collateral is based on appraisals, which may be adjusted due to their age, and the type, location, and condition of the