Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 24

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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783 States and political subdivisions78,938 3 4,719 74,222 Auction rate money market preferred3,200 — 371 2,829 Mortgage-backed securities27,545 — 1,717 25,828 Collateralized mortgage obligations195,979 163 6,064 190,078 Corporate8,150 — 850 7,300 Total$534,513 $166 $21,639 $513,040  December 31, 2024AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFairValueU.S. Treasury$230,807 $— $10,236 $220,571 States and political subdivisions81,135 9 4,576 76,568 Auction rate money market preferred3,200 — 156 3,044 Mortgage-backed securities29,068 — 2,182 26,886 Collateralized mortgage obligations163,156 — 8,482 154,674 Corporate8,150 — 864 7,286 Total$515,516 $9 $26,496 $489,029 The amortized cost and fair value of AFS securities by contractual maturity at March 31, 2025 are as follows:MaturingSecurities with Variable Monthly Payments or Noncontractual MaturitiesDue inOne Yearor LessAfter OneYear ButWithinFive YearsAfter FiveYears ButWithinTen YearsAfterTen YearsTotalU.S. Treasury$59,841 $160,860 $— $— $— $220,701 States and political subdivisions12,770 21,132 18,223 26,813 — 78,938 Auction rate money market preferred— — — — 3,200 3,200 Mortgage-backed securities— — — — 27,545 27,545 Collateralized mortgage obligations— — — — 195,979 195,979 Corporate— — 8,150 — — 8,150 Total amortized cost$72,611 $181,992 $26,373 $26,813 $226,724 $534,513 Fair value$71,223 $175,122