Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 89

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 89
---
 terms of the securities. Furthermore, management does not have the intent to sell any of the securities classified as AFS in the table above, and believes it is more likely than not that we will not have to sell any such securities before a recovery of cost. The unrealized losses are due to increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the securities approach their respective maturity date or repricing date, or if the market yields for such investments decline.

51

Table of Contents

Note 3 – Loans and ACL

Loan CompositionThe following table provides a detailed listing of our loan portfolio at December 31:20242023BalancePercent of TotalBalancePercent of TotalCommercial and industrialSecured$221,510 15.56 %$189,186 14.02 %Unsecured23,384 1.64 %20,552 1.52 %Total commercial and industrial244,894 17.20 %209,738 15.54 %Commercial real estateCommercial mortgage owner occupied178,376 12.53 %180,636 13.39 %Commercial mortgage non-owner occupied208,118 14.62 %216,292 16.03 %Commercial mortgage 1-4 family investor92,497 6.50 %89,208 6.61 %Commercial mortgage multifamily68,456 4.81 %78,108 5.79 %Total commercial real estate547,447 38.46 %564,244 41.82 %Advances to mortgage brokers63,080 4.43 %18,541 1.37 %AgriculturalAgricultural mortgage67,550 4.75 %69,044 5.12 %Agricultural other32,144 2.26 %30,950 2.29 %Total agricultural99,694 7.01 %99,994 7.41 %Residential real estateSenior lien332,743 23.37 %313,459 23.23 %Junior lien8,655 0.61 %5,945 0.44 %Home equity lines of credit39,474 2.77 %37,014 2.74 %Total residential real estate380,872 26.75 %356,418 26.41 %