Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 70

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 70
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889 $18,167 $22,238 Unrealized gains (losses) on AFS securitiesUnrealized gains (losses) during the period5,339 13,365 (50,015)Reclassification adjustment for net realized (gains) losses included in net income— (67)— Comprehensive income (loss) before income tax (expense) benefit5,339 13,298 (50,015)Tax effect (1)(1,098)(2,669)10,314 Unrealized gains (losses) on AFS securities, net of tax4,241 10,629 (39,701)Change in unrecognized pension cost on defined benefit pension planChange in unrecognized pension cost during the period462 752 762 Reclassification adjustment for net periodic benefit cost included in net income(82)95 59 Net change in unrecognized pension cost380 847 821 Tax effect (1)(80)(178)(173)Change in unrealized pension cost, net of tax300 669 648 Other comprehensive income (loss), net of tax4,541 11,298 (39,053)Comprehensive income (loss)$18,430 $29,465 $(16,815)

(1) See “Note 9 – Capital Ratios and Shareholders' Equity” in the accompanying notes to consolidated financial statements for tax effect reconciliation.

The accompanying notes are an integral part of these consolidated financial statements.

40

Table of Contents

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(Dollars in thousands except per share amounts)

Common StockCommon SharesOutstandingAmountCommon Shares to beIssued forDeferredCompensationObligationsRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)TotalsBalance, December 31, 20217,532,641 $129,052 $4,545 $75,592 $1,859 $211,048 Comprehensive income (loss)— — — 22,238 (39,053)(16,815)Issuance of common stock74,445 1,762 — — — 1,762 Common stock transferred from the Rabbi Trust to satisfy deferred compensation obligations— 3 (3)— — — Share-based payment awards under the Directors Plan— — 463 — — 463 Share