secwatch.observer — SEC 8-K summary
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Issuer:     ISABELLA BANK CORP (ISBA)
CIK:        0000842517
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0000842517-24-000131
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Isabella Bank Q2 net income falls to $3.5M ($0.46 EPS) from $4.6M a year ago
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- Net income $3.5M vs $4.6M; diluted EPS $0.46 vs $0.61 in Q2 2023.
- Total loans grew 5% annualized; net interest margin 2.83%, up 5 bp from Q1 but down YoY.
- Deposits fell $46M to $1.72B; funding gap filled with short-term FHLB advances.
- Nonperforming loans ratio low at 0.07%; credit quality remains strong.
- Tangible book value per share $20.60, up from $20.35 at March 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842517/000084251724000131/0000842517-24-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842517/000084251724000131/isba-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000842517-24-000131

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