Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 79

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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 scheduled maturity and interest rate sensitivity of the investment and loan portfolios and deposits, and regulatory capital requirements.  Our liquidity stress testing is designed with consideration of these and other factors that could pose undue risk to liquidity.

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Our liquidity position remained strong at March 31, 2025, which is illustrated in the following table:March 312025December 312024September 302024June 302024March 312024Total cash and cash equivalents$69,179 $24,542 $27,378 $23,559 $25,218 Brokered CD capacity120,000 120,000 120,000 120,000 120,000 Available lines of creditFed funds lines with correspondent banks93,000 93,000 93,000 93,000 93,000 FHLB borrowings250,884 215,432 233,552 194,403 248,624 FRB Discount Window28,940 28,698 28,888 28,148 28,083 Other lines of credit5,000 5,000 5,000 5,000 5,000 Total available lines of credit377,824 342,130 360,440 320,551 374,707 Unencumbered lendable value of FRB collateral, estimated (1)340,000 290,000 290,000 290,000 310,000 Total cash and liquidity$907,003 $776,672 $797,818 $754,110 $829,925 Uninsured deposits$687,341 $645,764 $687,990 $623,245 $658,564 Coverage ratio of uninsured deposits with total cash and liquidity132 %120 %116 %121 %126 %(1) Includes estimated unencumbered lendable value of FHLB collateral of $260,000 as of March 31, 2025.

Fair Value

We utilize fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures.  AFS securities, cash flow hedge derivative instruments and certain liabilities are recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record at fair value other assets on a nonrecurring basis, such as mortgage loans AFS, collateral dependent loans, goodwill, foreclosed assets, OMSR,