Company: ISBA
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000842517-25-000135
Chunk: 52

Company: ISABELLA BANK CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 otherN/AN/AN/A4 months0.3 yearsSix Months Ended June 3020252024Weighted-Average Interest Rate ReductionPayment Delay TermWeighted-Average Term Extension (Years)Payment Delay TermWeighted-Average Term Extension (Years)Commercial and industrialSecured10.00%9.6 months1.0 years4 months0.2 yearsCommercial real estateCommercial mortgage owner occupiedN/AN/A15 years7 monthsN/AAgriculturalAgricultural mortgageN/AN/AN/A5 months0.5 yearsAgricultural otherN/AN/AN/A4 months0.3 yearsConsumerSecured - indirectN/AN/AN/AN/A1.3 years

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We closely monitor the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of our modification efforts.  The following tables summarize the amortized cost basis of loans that have been modified within the past 12 months prior to:June 30, 2025Current30-59 DaysPast Due60-89 DaysPast Due90 Days orMore Past DueTotalCommercial and industrialSecured$3,637 $99 $— $— $3,736 Commercial real estateCommercial mortgage owner occupied2,852 — — — 2,852 AgriculturalAgricultural mortgage276 — — — 276 Agricultural other132 — — — 132 Total$6,897 $99 $— $— $6,996 June 30, 2024Current30-59 DaysPast Due60-89 DaysPast Due90 Days orMore Past DueTotalCommercial and industrialSecured$2,136 $— $— $— $2,136 Commercial real estateCommercial mortgage owner occupied941 — — — 941 Commercial mortgage multifamily2,947 — — — 2,947 AgriculturalAgricultural mortgage1,405 — — — 1,405 Agricultural other507 — — — 507 ConsumerSecured - indirect2 — — — 2 Total$7,938 $— $— $— $7,938 We had no loans that defaulted in each of the three and six-month periods ended June 30, 2025 and 2024 which were modified within 12 months prior to