Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 81

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 81
---
 15 14 14 30 27 Provision for credit losses(1)— — 1 — (1)1 Noninterest income4 4 4 4 4 7 7 Noninterest expenses14 13 13 13 13 27 26 

(1) Non-GAAP financial measure; refer to the "Reconciliation of Non-GAAP Financial Measures" section of this Form 10-Q.

(2) At end of period.

46

Average Balances, Interest Rates, and Net Interest Income

The following schedules present the daily average amount outstanding for each major category of interest earning assets, non-earning assets, interest bearing liabilities, and noninterest bearing liabilities. These schedules also present an analysis of interest income and interest expense for the periods indicated. All interest income is reported on a FTE basis using a federal income tax rate of 21%. Loans in nonaccrual status, for the purpose of the following computations, are included in the average loan balances. FRB restricted equity holdings are included in other interest earning assets.Three Months EndedJune 30, 2025March 31, 2025June 30, 2024AverageBalanceTaxEquivalentInterestAverageYield /RateAverageBalanceTaxEquivalentInterestAverageYield /RateAverageBalanceTaxEquivalentInterestAverageYield /RateINTEREST EARNING ASSETSLoans (1)$1,388,684 $19,832 5.71 %$1,370,765 $19,348 5.71 %$1,375,523 $18,863 5.50 %AFS securities (2)534,352 3,210 2.38 %514,479 2,827 2.20 %545,827 3,041 2.17 %FHLB stock5,600 125 8.94 %11,011 160 5.82 %12,762 158 4.97 %Fed funds sold6 — 3.83 %4 — 4.32 %7 — 5.30 %Other (3)20,487 253 4.92 %47,374 482 4.06 %14,054 263 7.38 %Total interest earning assets1,949,129 23,420 4.81 %1,943,