ISABELLA BANK CORP
Business
Isabella Bank Corporation is a Michigan-based financial holding company whose wholly owned subsidiary, Isabella Bank, operates 31 branches across eight counties in central Michigan, serving agricultural, manufacturing, retail, gaming, tourism, and education sectors. The Bank offers commercial, agricultural, and residential real estate lending; consumer loans; and deposit services including checking, savings, certificates of deposit, and cash management, alongside full-service investment management, trust, and estate services. The company competes with regional and national commercial banks, credit unions, mortgage brokers, fintech firms, and other financial intermediaries, with a strategic focus on personalized community banking and local market lending.
Summary from 10-K filed 2026-03-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans, including fees | 81 | 77 | 66 | 53 | 51 | |
| Taxable | 10 | 9 | 10 | — | — | |
| Nontaxable | 2 | 2 | 3 | — | — | |
| FHLB stock | 418,000 | 640,000 | 355,000 | 174,000 | — | |
| Federal funds sold and other | 2 | 950,000 | 1 | 1 | 706,000 | |
| Total interest income | 96 | 90 | 80 | 66 | 60 | |
| Deposits | 30 | 30 | 18 | 4 | 5 | |
| Short-term borrowings | 2 | 1 | 961,000 | 79,000 | 53,000 | |
| FHLB advances | 487,000 | 2 | 1 | — | — | |
| Subordinated debt | 1 | 1 | 1 | 1 | 615,000 | |
| Total interest expense | 33 | 34 | 22 | 5 | — | |
| Net interest income | 63 | 56 | 58 | 60 | 53 | |
| Provision (reversal) for credit losses | −563,000 | 2 | 629,000 | 483,000 | −518,000 | |
| Net interest income after provision for credit losses | 63 | 54 | 57 | 60 | 53 | |
| Service charges and fees | 9 | 8 | 8 | 9 | 8 | |
| Wealth management fees | 4 | 4 | 4 | 3 | 3 | |
| Earnings on BOLI | 2 | 1 | 920,000 | 884,000 | 800,000 | |
| Net gain on sale of mortgage loans | 180,000 | 213,000 | 317,000 | 631,000 | 2 | |
| Net gains on sale of AFS securities | 0 | 0 | 67,000 | — | — | |
| Other | 1 | 1 | 1 | 416,000 | 643,000 | |
| Total noninterest income | 16 | 15 | 14 | 14 | 14 | |
| Compensation and benefits | 30 | 29 | 26 | 25 | 24 | |
| Occupancy and equipment | 11 | 11 | 10 | 10 | 4 | |
| Other professional services | 3 | 2 | 2 | 2 | — | |
| ATM and debit card fees | 2 | 2 | 2 | 2 | — | |
| Marketing | 2 | 2 | 2 | 2 | — | |
| FDIC insurance premiums | 1 | 1 | 922,000 | 537,000 | — | |
| Memberships and subscriptions | 1 | 928,000 | 1 | 876,000 | — | |
| Other losses | 643,000 | 1 | 871,000 | 546,000 | — | |
| Other | 4 | 4 | 4 | 3 | 11 | |
| Total noninterest expenses | 55 | 52 | 49 | 47 | 44 | |
| Income before income tax expense | 24 | 16 | 22 | 27 | 23 | |
| Income tax expense | 5 | 3 | 4 | 5 | 4 | |
| Net income | 19 | 14 | 18 | 22 | 19 | |
| Basic (in dollars per share) | 2.56 | 1.86 | 2.42 | 2.95 | 2.48 | |
| Diluted (in dollars per share) | 2.56 | 1.86 | 2.4 | 2.91 | 2.45 | |
| Cash dividends per common share (in dollars per share) | 1.12 | 1.12 | 1.12 | 1.09 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and demand deposits due from banks | 23 | 23 | 26 | 27 | 26 | |
| Fed Funds sold and interest bearing balances due from banks | 3 | 2 | 8 | 12 | 80 | |
| Total cash and cash equivalents | 26 | 25 | 34 | 39 | 105 | |
| AFS securities, at fair value | 498 | 489 | 528 | 580 | 491 | |
| FHLB stock | 6 | 13 | 13 | — | — | |
| Mortgage loans HFS | 423,000 | 242,000 | 0 | 379,000 | 2 | |
| Loans | 1,536 | 1,424 | 1,349 | — | — | |
| Less allowance for credit losses | 14 | 13 | 13 | 10 | — | |
| Net loans | 1,523 | 1,411 | 1,336 | — | — | |
| Premises and equipment | 29 | 28 | 28 | 26 | 24 | |
| Cash surrender value of BOLI | 46 | 35 | 34 | 33 | 32 | |
| Goodwill and other intangible assets | 48 | 48 | 48 | 48 | 48 | |
| Other assets | 34 | 38 | 38 | 34 | 20 | |
| Total assets | 2,209 | 2,086 | 2,059 | 2,030 | 2,032 | |
| Noninterest bearing deposits | 426 | 416 | 429 | 494 | 448 | |
| Interest bearing deposits | 1,393 | 1,331 | — | — | — | |
| Total deposits | 1,820 | 1,747 | 1,724 | 1,744 | 1,710 | |
| Short-term borrowings | 68 | 54 | 47 | 58 | 50 | |
| FHLB advances | 45 | 30 | 40 | 0 | 20 | |
| Subordinated debt, net of unamortized issuance costs | 30 | 29 | 29 | 29 | 29 | |
| Total borrowed funds | 143 | 113 | 116 | 87 | 99 | |
| Other liabilities | 16 | 16 | 17 | — | — | |
| Total liabilities | 1,978 | 1,876 | 1,857 | 1,844 | 1,821 | |
| Common stock no par value 15,000,000 shares authorized; issued and outstanding 7,322,207 shares at December 31, 2025 and 7,424,893 shares at December 31, 2024 | 123 | 126 | 127 | 129 | 129 | |
| Shares to be issued for deferred compensation obligations | 2 | 2 | 4 | 5 | 5 | |
| Retained earnings | 114 | 103 | 97 | 90 | 76 | |
| Accumulated other comprehensive loss | −8 | −21 | −26 | −37 | 2 | |
| Total shareholders equity | 231 | 210 | 202 | 186 | 211 | |
| Total liabilities and shareholders equity | 2,209 | 2,086 | 2,059 | 2,030 | 2,032 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 2 | 2 | 2 | 2 | 2 | |
| Net amortization of AFS securities | 967,000 | 1 | 1 | −2 | 2 | |
| Increase in cash value of BOLI | −2 | −990,000 | −904,000 | 818,000 | −751,000 | |
| Share-based payment awards | 341,000 | 476,000 | 782,000 | 610,000 | — | |
| Deferred income tax expense (benefit) | 38,000 | −310,000 | 1 | 13,000 | −523,000 | |
| Origination of loans HFS | −8 | −9 | −10 | −21 | −49 | |
| Proceeds from loan sales | 8 | 9 | 10 | 23 | 52 | |
| Other assets | 3 | 2 | −360,000 | −3 | 1 | |
| Other liabilities | 4 | −208,000 | 1 | 2 | — | |
| Net cash provided by (used in) operating activities | 27 | 20 | 24 | 27 | 26 | |
| Proceeds from maturities, calls and prepayments of AFS securities | 74 | 49 | 75 | — | — | |
| Purchases of AFS securities | −67 | −5 | −11 | −211 | −262 | |
| Net change in loans HFI | −112 | −77 | −86 | 37 | — | |
| Purchases of premises and equipment | −3 | −2 | −4 | −3 | −2 | |
| Purchases of BOLI policies | −10 | 0 | 0 | — | — | |
| Proceeds from sale of FHLB stock | 7 | 0 | 0 | 2 | 0 | |
| Low income housing tax credit investments | −4 | −2 | −623,000 | −46,000 | −413,000 | |
| Net cash provided by (used in) investing activities | −116 | −38 | −26 | −106 | −230 | |
| Net increase (decrease) in deposits | 73 | 23 | −21 | 34 | 144 | |
| Net increase (decrease) in short-term borrowings | 14 | 7 | −11 | 8 | −19 | |
| Net increase (decrease) in FHLB advances | 15 | −10 | 40 | −20 | −70 | |
| Cash dividends paid on common stock | −8 | −8 | −8 | −8 | −8 | |
| Proceeds from issuance of common stock | 1 | 2 | 2 | 2 | 2 | |
| Common stock repurchased | −5 | −3 | −3 | — | — | |
| Common stock purchased for deferred compensation obligations | 0 | −1 | −2 | −1 | −1 | |
| Net cash provided by (used in) financing activities | 91 | 9 | −3 | 13 | 63 | |
| Increase (decrease) in cash and cash equivalents | 1 | −9 | −5 | −66 | −141 | |
| Interest paid | 33 | 34 | 21 | 5 | 8 | |
| Federal income taxes paid | 2 | 2 | 2 | — | — | |
| Investment in low income housing tax credits | 0 | 2 | 5 | 0 | 0 | |
| Transfers of loans to foreclosed assets | 953,000 | 657,000 | 378,000 | 456,000 | 361,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ISABELLA BANK CORP's CIK number?
ISABELLA BANK CORP's SEC CIK number is 0000842517 (842517). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ISABELLA BANK CORP's SEC filings?
All of ISABELLA BANK CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ISABELLA BANK CORP last report earnings?
ISABELLA BANK CORP (ISBA) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000842517-26-000095). This is ISABELLA BANK CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is ISABELLA BANK CORP's most recent earnings 8-K?
ISABELLA BANK CORP's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0000842517-26-000095. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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