Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 28

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 loss experience and internal forecasts. The issuers of these securities continue to make timely principal and interest payments under the contractual terms of the securities. Management does not currently intend 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.

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Note 3 – Loans and ACL

Loan CompositionThe following table provides a detailed listing of our loan portfolio at:June 30, 2025December 31, 2024BalancePercent of TotalBalancePercent of TotalCommercial and industrialSecured$175,397 12.55 %$177,239 12.45 %Unsecured32,322 2.31 %23,384 1.64 %Total commercial and industrial207,719 14.86 %200,623 14.09 %Commercial real estateCommercial mortgage owner occupied218,538 15.64 %213,086 14.97 %Commercial mortgage non-owner occupied228,720 16.36 %217,679 15.29 %Commercial mortgage 1-4 family investor94,740 6.78 %92,497 6.50 %Commercial mortgage multifamily72,385 5.18 %68,456 4.81 %Total commercial real estate614,383 43.96 %591,718 41.57 %Advances to mortgage brokers3,005 0.22 %63,080 4.43 %AgriculturalAgricultural mortgage67,147 4.81 %67,550 4.75 %Agricultural other29,695 2.12 %32,144 2.26 %Total agricultural96,842 6.93 %99,694 7.01 %Residential real estateSenior lien347,280 24.85 %332,743 23.37 %Junior lien9,765 0.70 %8,655 0.61 %Home equity lines of credit41,623 2.98 %39,474 2.77