Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 119

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 119
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,432)$(52)$102 $1,359 $393 Net (recoveries) charge-offs (Quarter to Date annualized to average loans)(0.41)%(0.02)%0.03 %0.39 %0.11 %Net (recoveries) charge-offs (Year to Date annualized to average loans)(0.22)%(0.02)%0.14 %0.17 %0.06 %DELINQUENT AND NONACCRUAL LOANSAccruing loans 30-89 days past due$1,076 $5,555 $5,682 $2,226 $1,484 Accruing loans past due 90 days or more31 26 19 64 15 Total accruing past due loans1,107 5,581 5,701 2,290 1,499 Nonaccrual loans1,164 173 282 547 994 Total past due and nonaccrual loans$2,271 $5,754 $5,983 $2,837 $2,493 

50

Capital

Capital consists solely of common stock, retained earnings, and accumulated other comprehensive income (loss). We are authorized to raise capital through dividend reinvestment, employee and director stock purchases, and shareholder stock purchases. Pursuant to these authorizations, we issued 28,830 shares or $759 of common stock during the first six months of 2025, as compared to 43,980 shares or $840 of common stock during the same period in 2024. We offer the Directors Plan in which participants purchase stock units through deferred fees, in lieu of cash payments. Pursuant to this plan, we increased shareholders’ equity by $201 and $279 during the six-month periods ended June 30, 2025 and 2024, respectively.  We also grant restricted stock awards pursuant to the RSP. Pursuant to this plan, we increased shareholders’ equity by $21 during the first six months of 2025, as compared to $45 during the same period in 2024.

We have publicly announced a common stock repurchase program. Pursuant to this repurchase program, we repurchased 103,406 shares or $2,650 of common stock during the first six months of 2025 and 72,093 shares or $1,402 of common stock during the first