ISABELLA BANK Corp (ISBA) Financial Statements (2023 and earlier)

Company Profile

Business Address 401 NORTH MAIN STREET
MT PLEASANT, MI 48858
State of Incorp. MI
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38,924105,330246,64060,57273,47130,848
Cash and cash equivalents38,924105,330246,64060,57273,47130,848
Total current assets:38,924105,330246,64060,57273,47130,848
Noncurrent Assets
Property, plant and equipment25,55324,41925,14026,24227,81528,450
Intangible assets, net (including goodwill)48,28748,30248,33148,37948,45148,547
Goodwill 48,28248,28248,28248,28248,28248,282
Intangible assets, net (excluding goodwill) 5204997169265
Other undisclosed intangible assets, net (including goodwill)      
Total noncurrent assets:73,84072,72173,47174,62176,26676,997
Other undisclosed assets1,917,5031,854,1071,637,2671,679,0051,687,5701,705,285
TOTAL ASSETS:2,030,2672,032,1581,957,3781,814,1981,837,3071,813,130
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,844,0571,821,1101,738,7901,604,0161,641,7881,618,225
Total liabilities:1,844,0571,821,1101,738,7901,604,0161,641,7881,618,225
Equity
Equity, attributable to parent, including:186,210211,048218,588210,182195,519194,905
Common stock128,651129,052142,247141,069140,416140,277
Accumulated other comprehensive income (loss)(37,194)1,8597,6981,971(7,685)(2,602)
Retained earnings89,74875,59264,46062,09957,35751,728
Other undisclosed equity, attributable to parent5,0054,5454,1835,0435,4315,502
Total equity:186,210211,048218,588210,182195,519194,905
TOTAL LIABILITIES AND EQUITY:2,030,2672,032,1581,957,3781,814,1981,837,3071,813,130

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues53,91453,10456,81854,84849,75450,197
Net investment income53,28351,41054,10254,19249,22943,537
Cost of revenue(483) (1,665)(30)(978)(253)
Provision for loan, lease, and other losses(483) (1,665)(30)(978)
Financial services costs(253)
Gross profit:53,43153,10455,15354,81848,77649,944
Operating expenses(7,105)(6,666)(6,270)(6,064)(6,122)(25,980)
Other operating income, net
(Noninterest Income, Other Operating Income)
3593723624263,5043,284
Operating income:46,68546,81049,24549,18046,15827,248
Nonoperating income
(Bank Owned Life Insurance Income)
884800755764707726
Interest and debt expense(5,317)(7,412)(21,468)(17,861)(15,631)(12,494)
Income from continuing operations before equity method investments, income taxes:42,25240,19828,53232,08331,23415,480
Other undisclosed income (loss) from continuing operations before income taxes(15,408)(16,851)(16,660)(17,679)(15,850)773
Income from continuing operations before income taxes:26,84423,34711,87214,40415,38416,253
Income tax expense(4,606)(3,848)(987)(1,380)(1,363)(3,016)
Income from continuing operations:22,23819,49910,88513,02414,02113,237
Income before gain (loss) on sale of properties:19,49910,88513,02414,02113,237
Net income available to common stockholders, diluted:22,23819,49910,88513,02414,02113,237

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:22,23819,49910,88513,02414,02113,237
Other comprehensive income (loss)(39,053)(5,839)5,7279,656(5,306)543
Comprehensive income (loss), net of tax, attributable to parent:(16,815)13,66016,61222,6808,71513,780

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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