Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 128

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 128
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Average shareholders' equity(G)219,542 214,212 212,912 208,444 200,734 216,893 202,094 Average tangible shareholders' equity(H)171,260 165,929 164,629 160,161 152.451 168,611 153,810 Average diluted shares outstanding (5)(I)7,398,109 7,432,162 7,451,718 7,473,184 7,494,828 7,413,974 7,501,437 Adjusted diluted earnings per share(A/I)$0.55 $0.57 $0.52 $0.61 $0.46 $1.13 $0.87 Adjusted return on average assets(A/F)0.79 %0.83 %0.74 %0.87 %0.68 %0.81 %0.32 %Adjusted return on average shareholders' equity(A/G)7.48 %8.05 %7.29 %8.70 %6.96 %7.76 %3.24 %Adjusted return on average tangible shareholders' equity(A/H)9.59 %10.40 %9.43 %11.32 %9.17 %9.99 %4.26 %(1) Includes reversal of provision for credit losses in the first quarter of 2025 and provision for credit losses in the third quarter of 2024 related to overdrawn deposit accounts from a single customer.

(2) Included in Other professional services in the consolidated statements of income.

(3) Income tax expense on life to date earnings on BOLI policies surrendered.

(4) Included as a reduction to Earnings on BOLI in the consolidated statements of income.

(5) Whole shares.

56

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

The information presented in the section captioned “Interest Rate Sensitivity and Market Risk” in Part I, Item 2, “Management's Discussion and Analysis of Financial Condition and Results of Operations,” of this Form 10-Q is incorporated herein by reference.

Item 4. Controls and Procedures.

DISCLOSURE CONTROLS AND PROCEDURES

We carried out an evaluation, under the supervision and with the participation of the Principal Executive Officer and Principal Financial Officer, of the effectiveness of