Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 27

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 that individual securities have been in a continuous loss position. June 30, 2025 Less Than Twelve MonthsTwelve Months or More GrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueTotalUnrealizedLossesU.S. Treasury$— $— $6,282 $204,306 $6,282 States and political subdivisions224 14,716 4,393 37,646 4,617 Auction rate money market preferred— — 435 2,765 435 Mortgage-backed securities— — 1,436 24,657 1,436 Collateralized mortgage obligations21 5,843 4,673 136,395 4,694 Corporate83 1,617 795 5,655 878 Total$328 $22,176 $18,014 $411,424 $18,342 Number of securities in an unrealized loss position:73 195 268  December 31, 2024 Less Than Twelve MonthsTwelve Months or MoreGrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueTotalUnrealizedLossesU.S. Treasury$— $— $10,236 $220,571 $10,236 States and political subdivisions486 23,553 4,090 36,796 4,576 Auction rate money market preferred— — 156 3,044 156 Mortgage-backed securities— — 2,182 26,886 2,182 Collateralized mortgage obligations185 5,646 8,297 149,028 8,482 Corporate— — 864 7,286 864 Total$671 $29,199 $25,825 $443,611 $26,496 Number of securities in an unrealized loss position:175 178 353 As of June 30, 2025, no ACL has been recognized on AFS securities in an unrealized loss position, as management does not believe any of the securities are impaired due to reasons of credit quality. This is based on our analysis of the underlying risk characteristics, including credit ratings, and other qualitative factors related to our AFS securities and consideration of our historical credit