Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 55

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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$29,447 $29,424 

Note 5 – Computation of Earnings Per Common Share

Basic earnings per common share represents income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share includes additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued relate solely to outstanding shares in the Directors Plan and grant awards under the RSP.Earnings per common share have been computed based on the following for the: Three Months Ended  March 3120252024Average number of common shares outstanding for basic calculation7,419,739 7,493,334 Average potential effect of common shares in the RSP12,423 14,405 Average number of common shares outstanding used to calculate diluted earnings per common share7,432,162 7,507,739 Net income$3,949 $3,131 Earnings per common shareBasic$0.53 $0.42 Diluted0.53 0.42 

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Note 6 – Capital Ratios and Shareholders' Equity

As of March 31, 2025 and December 31, 2024, the most recent notifications from the FRB and the FDIC categorized us as well capitalized under the regulatory framework for prompt corrective action.  To be categorized as well capitalized, an institution must maintain total risk-based, Tier 1 risk-based, Common Equity Tier 1, and Tier 1 leverage ratios as set forth in the following tables.  The minimum requirements presented below include the minimum required capital levels based on the Basel III Capital Rules.  Capital requirements to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules.  There were no conditions or events since the notifications that we believe have changed our categories.  The following tables set forth these requirements and our ratios as of:March 31, 2025ActualMinimum CapitalRequired Plus Capital Conservation BufferMinimum CapitalRequired To Be ConsideredWell Capitalized (1)AmountRatioAmountRatioAmountRatioCommon equity Tier 1 capital to risk weighted assetsIsabella Bank$176,720 12.08 %$102,391 7.00 %$95,077 6.50 %Consolidated184,713 12.58 %102,748 7.00 %N/AN