Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 50

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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,654 $656 $213 $22 $16 $— $837 $— $3,398 2024 year-to-date gross charge-offs$223 $11 $21 $— $— $1 $— $— $256 Loan ModificationsA loan modification includes terms outside of normal lending practices to a borrower experiencing financial difficulty.Typical modifications granted include, but are not limited to:•Agreeing to interest rates below prevailing market rates for debt with similar risk characteristics.•Extending the maturity date or amortization period beyond typical lending guidelines for loans with similar risk characteristics.•Agreeing to an interest-only payment structure, delaying principal payments, or delaying payments.•Forgiving principal.To determine if a borrower is experiencing financial difficulty, factors we consider include:•The borrower is currently in default on any debt.•The borrower would likely default on any debt if the concession is not granted.•The borrower’s cash flow is insufficient to service all debt if the concession is not granted.•The borrower has declared, or is in the process of declaring, bankruptcy.•The borrower is unlikely to continue as a going concern (if the entity is a business).The following is a summary of the amortized cost basis of loan modifications granted to borrowers experiencing financial difficulty for the:Three Months Ended June 30, 2025Interest Rate ReductionTerm ExtensionOther-Than-Insignificant Payment Delay and Term ExtensionAmortized Cost Basis% of Total Class of Financial ReceivableAmortized Cost Basis% of Total Class of Financial ReceivableAmortized Cost Basis% of Total Class of Financial ReceivableCommercial and industrialSecured$20 0.01 %$2,600 1.12 %$602 0.26 %Total$20 $2,600 $602 

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Six Months Ended June 30, 2025Interest Rate ReductionTerm ExtensionOther-Than-Insignificant Payment Delay and Term Extension Amortized Cost Basis% of Total Class of Financial ReceivableAmortized Cost Basis% of Total Class of Financial ReceivableAmortized Cost Basis% of Total Class of Financial ReceivableCommercial and industrialSecured$20 0.01 %$3,114 1.34 %$602 0.26 %Commercial real estateCommercial mortgage owner occupied— 0.00 %1,511 0.85 %— 0.00 %Total$20 $4,625