Company: ISBA
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000842517-25-000210
Chunk: 28

Company: ISABELLA BANK CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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Total commercial real estate626,642 43.77 %591,718 41.57 %Advances to mortgage brokers5,056 0.35 %63,080 4.43 %AgriculturalAgricultural mortgage67,726 4.73 %67,550 4.75 %Agricultural other30,068 2.10 %32,144 2.26 %Total agricultural97,794 6.83 %99,694 7.01 %Residential real estateSenior lien358,755 25.05 %332,743 23.37 %Junior lien10,674 0.75 %8,655 0.61 %Home equity lines of credit42,627 2.98 %39,474 2.77 %Total residential real estate412,056 28.78 %380,872 26.75 %ConsumerSecured - direct29,952 2.09 %35,050 2.46 %Secured - indirect38,922 2.72 %49,136 3.45 %Unsecured3,351 0.23 %3,398 0.24 %Total consumer72,225 5.04 %87,584 6.15 %Total$1,431,905 100.00 %$1,423,571 100.00 %We grant commercial, agricultural, residential real estate, and consumer loans to customers primarily in Bay, Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw counties in Michigan. The ability of borrowers to honor their repayment obligations is often dependent upon the real estate, agricultural, manufacturing, retail, gaming, tourism, health care, higher education, and general economic conditions of this region. Substantially all of our consumer and residential real estate loans are secured by various items of property, while commercial loans are secured primarily by real estate, business assets, and personal guarantees.  A small portion of loans are unsecured.Loans that we have the intent and ability to hold in our portfolio are reported at their outstanding principal balance adjusted for any charge-offs, the ACL, and deferred fees or costs. Unless a loan has a nonaccrual status, interest income is accrued over the term of the loan based on the principal amount outstanding. Loan origination fees and