ISABELLA BANK Corp (ISBA) Financial Statements (2024 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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,88098,72338,92498,91282,017161,186
Cash and cash equivalents29,88098,72338,92498,91282,017161,186
Total current assets:29,88098,72338,92498,91282,017161,186
Noncurrent Assets
Property, plant and equipment26,38326,30425,55325,10724,16924,339
Intangible assets, net (including goodwill), including:48,28548,28648,28748,29048,29448,298
Goodwill   48,282   
Intangible assets, net (excluding goodwill)   5   
Other undisclosed intangible assets, net (including goodwill)48,28548,286 48,29048,29448,298
Total noncurrent assets:74,66874,59073,84073,39772,46372,637
Other undisclosed assets1,937,9001,911,3111,917,5031,891,6681,893,8931,827,110
TOTAL ASSETS:2,042,4482,084,6242,030,2672,063,9772,048,3732,060,933
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,854,0171,891,2911,844,0571,887,3651,857,6931,865,091
Total liabilities:1,854,0171,891,2911,844,0571,887,3651,857,6931,865,091
Equity
Equity, attributable to parent, including:188,431193,333186,210176,612190,680195,842
Common stock126,278127,717128,651129,094129,115129,189
Accumulated other comprehensive loss(36,417)(30,314)(37,194)(42,867)(24,840)(16,333)
Retained earnings93,17590,58689,74885,49781,61478,295
Other undisclosed equity, attributable to parent5,3955,3445,0054,8884,7914,691
Total equity:188,431193,333186,210176,612190,680195,842
TOTAL LIABILITIES AND EQUITY:2,042,4482,084,6242,030,2672,063,9772,048,3732,060,933

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues15,98714,95614,22613,73713,34912,602
Net investment income15,93114,88914,16313,56313,17912,378
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (196)(41)57(18)(485)(37)
Gross profit:15,79114,91514,28313,71912,86412,565
Operating expenses(1,790)(1,785)(1,731)(1,722)(1,898)(1,754)
Other operating income, net
(Noninterest Income, Other Operating Income)
294236205413598
Operating income:14,29513,36612,57212,05111,10110,909
Nonoperating income
(Bank Owned Life Insurance Income)
226226229223222210
Interest and debt expense(4,816)(3,244)(1,643)(1,216)(1,175)(1,283)
Income from continuing operations before equity method investments, income taxes:9,70510,34811,15811,05810,1489,836
Other undisclosed loss from continuing operations before income taxes(4,157)(3,943)(3,479)(3,938)(3,772)(4,167)
Income from continuing operations before income taxes:5,5486,4057,6797,1206,3765,669
Income tax expense(918)(1,084)(1,357)(1,233)(1,081)(935)
Income from continuing operations:4,6305,3216,3225,8875,2954,734
Income before gain (loss) on sale of properties:5,8875,2954,734
Net income available to common stockholders, diluted:4,6305,3216,3225,8875,2954,734

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:4,6305,3216,3225,8875,2954,734
Other comprehensive income (loss)(6,103)6,8805,673(18,027)(8,507)(18,192)
Comprehensive income (loss), net of tax, attributable to parent:(1,473)12,20111,995(12,140)(3,212)(13,458)

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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