Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 97

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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,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 the design and operation of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15(d)-15(e) under the Exchange Act) as of June 30, 2025, pursuant to Exchange Act Rule 13a-15. Based upon that evaluation, the Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures as of June 30, 2025, were effective to ensure that information required to be disclosed