Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 61

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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Deposits without stated maturities1,407,670 1,407,670 1,407,670 — — Deposits with stated maturities390,239 388,178 — 388,178 — Short-term borrowings47,310 47,254 — 47,254 — FHLB advances— — — — — Subordinated debt, net of unamortized issuance costs29,447 27,916 — 27,916 — Accrued interest payable997 997 997 — —  December 31, 2024 CarryingValueEstimatedFair ValueLevel 1Level 2Level 3ASSETSCash and cash equivalents$24,542 $24,542 $24,542 $— $— FHLB stock (1)12,762 N/A— — — Mortgage loans HFS242 247 — 247 — Gross loans1,423,571 1,363,883 — — 1,363,883 Less allowance for credit losses12,895 12,895 — — 12,895 Net loans1,410,676 1,350,988 — — 1,350,988 Accrued interest receivable8,085 8,085 8,085 — — Equity securities without readily determinable fair values (1)3,086 N/A— — — LIABILITIESDeposits without stated maturities1,359,469 1,359,469 1,359,469 — — Deposits with stated maturities387,591 385,200 — 385,200 — Short-term borrowings53,567 53,503 — 53,503 — FHLB advances30,000 30,000 — 30,000 — Subordinated debt, net of unamortized issuance costs29,424 27,658 — 27,658 — Accrued interest payable1,051 1,051 1,051 — — (1) Due to the characteristics of equity securities without readily determinable fair values, they are not disclosed under a specific fair value hierarchy. When an impairment or