Company: ISBA
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000842517-25-000053
Chunk: 35

Company: ISABELLA BANK CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 5
Chunk 35
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

(Dollars in thousands except per share amounts)

Common Stock and Dividend Information

Our authorized common stock consists of 15,000,000 shares, of which 7,424,893 shares are issued and outstanding as of December 31, 2024.  As of that date, there were 2,590 shareholders of record.

Our common stock is traded in the over-the-counter market.  Our common stock is quoted on the OTCQX market tier of the OTC Markets Group Inc.’s ("OTC Markets") electronic quotation system (www.otcmarkets.com) under the symbol “ISBA”.  Other trades in our common stock occur in privately negotiated transactions from time to time for which we may have little or no information.

We have reviewed the information available as to the range of reported high and low transactions as reported by OTC Markets.  The following table sets forth our compilation of that information for the periods indicated.  Price information obtained from OTC Markets reflects inter-dealer prices, without retail mark up, mark down, or commissions and may not necessarily represent actual transactions.  The following compiled data is provided for information purposes only and should not be viewed as indicative of the actual or market value of our common stock.Number ofCommon SharesSale Price LowHigh2024First Quarter159,934 $18.25 $21.74 Second Quarter141,728 17.75 19.85 Third Quarter166,932 17.55 22.00 Fourth Quarter161,772 20.10 26.23 Total630,366 2023First Quarter131,476 $22.08 $25.10 Second Quarter123,123 19.13 26.00 Third Quarter128,216 19.61 23.00 Fourth Quarter111,755 19.75 22.00 Total494,570 

The following table sets forth the cash dividends paid for the quarters indicated:Per Share 20242023First Quarter$0.28 $0.28 Second Quarter0.28 0.28 Third Quarter0.28 0.28 Fourth Quarter0.28 0.28 Total$1.12 $1.12 

We have adopted and publicly announced a common stock repurchase plan.  The plan was last amended on