Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 20

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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FS securities5,014 (2,926)Reclassification adjustment for net (gains) losses included in net income— — Tax effect (1)(1,098)632 Unrealized gains (losses) on AFS securities, net of tax3,916 (2,294)Comprehensive income (loss)$7,865 $837 

(1) See “Note 6 – Capital Ratios and Shareholders' Equity” for tax effect reconciliation.

See notes to interim condensed consolidated financial statements (unaudited).

6

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED)

(Dollars in thousands except per share amounts)

Common StockCommon SharesOutstandingAmountCommon Shares to beIssued forDeferredCompensationObligationsRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)TotalsDecember 31, 20237,485,889 $127,323 $3,693 $97,282 $(25,896)$202,402 Comprehensive income (loss)— — — 3,131 (2,294)837 Issuance of common stock22,456 447 — — — 447 Common stock issued for deferred compensation under the RSP16,240 — — — — — Common stock transferred from the Rabbi Trust to satisfy deferred compensation obligations— 21 (21)— — — Share-based payment awards under the Directors Plan— — 218 — — 218 Share-based compensation expense recognized in earnings under the RSP— 25 — — — 25 Common stock purchased for deferred compensation obligations— (420)— — — (420)Common stock repurchased(36,484)(740)— — — (740)Cash dividends paid ($0.28 per common share)— — — (2,095)— (2,095)March 31, 20247,488,101 $126,656 $3,890 $98,318 $(28,190)$200,674 December 31, 20247,424,893 $126,224 $2,383 $103,024 $(21,355)$210,276 Comprehensive income (loss)— — — 3,