Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 106

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 106
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242 Tax equivalent adjustment for net interest margin184 213 232 237 246 Net interest income (FTE)(C)14,709 14,768 14,720 13,787 13,488 Noninterest income3,528 3,972 3,528 3,608 3,468 Tax equivalent adjustment for efficiency ratio78 54 53 53 51 Adjusted revenue (FTE)18,315 18,794 18,301 17,448 17,007 Nonrecurring itemsNet gains (losses) on foreclosed assets(55)74 4 6 69 Total nonrecurring items(55)74 4 6 69 Adjusted revenue(D)$18,370 $18,720 $18,297 $17,442 $16,938 Efficiency ratio(B/D)72.39 %71.20 %72.30 %73.93 %74.84 %Average earning assets(E)1,943,633 1,963,986 1,967,552 1,948,173 1,943,758 Net yield on interest earning assets (FTE)(C/E)3.06 %2.98 %2.96 %2.82 %2.79 %Average assets(F)2,085,537 2,094,569 2,095,200 2,067,211 2,066,757 Average shareholders' equity(G)214,212 212,912 208,444 200,734 203,434 Average tangible shareholders' equity(H)165,929 164,629 160,161 152,451 155,150 Average diluted shares outstanding (4)(I)7,432,162 7,451,718 7,473,184 7,494,828 7,507,739 Adjusted diluted earnings per share(A/I)$0.57 $0.52 $0.61 $0.46 $0.41 Adjusted return on average assets(A/F)0.83 %0.74 %0.87 %0.68 %0.60 %Adjusted return on average shareholders' equity(A/G)8.05 %7.29 %8.70 %6.96 %6.08 %