Company: ISBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000842517-25-000099
Chunk: 94

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 94
---
201 Wealth assets under management (2)657 658 680 648 661 Net income4 4 3 3 3 Interest income23 23 23 22 21 Interest expense8 9 9 9 8 Net interest income15 15 14 14 13 Provision for credit losses— — 1 — — Noninterest income4 4 4 4 3 Noninterest expenses13 13 13 13 13 

(1) Non-GAAP financial measure; refer to the "Reconciliation of Non-GAAP Financial Measures" section

(2) At end of period

41

Average Balances, Interest Rates, and Net Interest Income

The following schedules present the daily average amount outstanding for each major category of interest earning assets, non-earning assets, interest bearing liabilities, and noninterest bearing liabilities. These schedules also present an analysis of interest income and interest expense for the periods indicated. All interest income is reported on a FTE basis using a federal income tax rate of 21%. Loans in nonaccrual status, for the purpose of the following computations, are included in the average loan balances. FRB restricted equity holdings are included in other interest earning assets.Three Months EndedMarch 31, 2025December 31, 2024March 31, 2024AverageBalanceTaxEquivalentInterestAverageYield /RateAverageBalanceTaxEquivalentInterestAverageYield /RateAverageBalanceTaxEquivalentInterestAverageYield /RateINTEREST EARNING ASSETSLoans (1)$1,370,765 $19,348 5.71 %$1,412,578 $20,145 5.66 %$1,348,749 $18,057 5.38 %AFS securities (2)514,479 2,827 2.20 %522,733 2,869 2.15 %557,030 3,130 2.25 %FHLB stock11,011 160 5.82 %12,762 168 5.25 %12,762 146 4.57 %Fed funds sold4 — 4.32 %8 — 4.54 %7 — 5.43 %Other (3)47,374 482 4.06 %15,905 200