Company: ISBA
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000842517-25-000210
Chunk: 92

Company: ISABELLA BANK CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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 our customers. These financial instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets. The contractual or notional amounts of these instruments reflect the extent of involvement we have in a particular class of financial instrument.

Our exposure to credit-related loss in the event of nonperformance by the counterparties to the financial instruments for commitments to extend credit and standby letters of credit could be up to the contractual notional amount of those instruments. We use the same credit policies when analyzing the creditworthiness of counterparties as we do for extending loans to customers. No significant losses are anticipated as a result of these commitments.

Reconciliation of Non-GAAP Financial Measures

The following tables provide a detailed analysis, and reconciliation for, our non-GAAP financial measures as of:September 302025June 302025March 312025December 312024September 302024Gross loans$1,431,905 $1,397,513 $1,367,724 $1,423,571 $1,424,283 Advances to mortgage brokers5,056 3,005 3,015 63,080 76,187 Core loans$1,426,849 $1,394,508 $1,364,709 $1,360,491 $1,348,096 Total shareholders’ equity$227,420 $220,500 $215,556 $210,276 $212,985 Goodwill and other intangible assets48,282 48,282 48,282 48,283 48,283 Tangible equity(A)179,138 172,218 167,274 161,993 164,702 Common shares outstanding (1)(B)7,350,567 7,361,684 7,408,010 7,424,893 7,438,720 Tangible book value per share(A/B)$24.37 $23.39 $22.58 $21.82 $22.14 (1) Whole shares.

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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