Related Party Transactions

12 Months Ended

Dec. 31, 2018

In the ordinary course of business, we grant loans to principal officers and directors and their affiliates (including their families and companies in which they have 10% or more ownership). Annual activity consisted of the following for the years ended December 31:



	2018			2017
Balance, January 1	$	4,335		$	3,946
New loans	1,184			3,895
Repayments	(2,176		)	(3,506		)
Balance, December 31	$	3,343		$	4,335

Total deposits of these principal officers and directors and their affiliates amounted to $5,029 and $5,671 at December 31, 2018 and 2017, respectively. In addition, the ESOP held deposits with the Bank aggregating $266 at December 31, 2017. No deposits were held as of December 31, 2018 due to the dissolution of the ESOP during 2018.

From time-to-time, we make charitable donations to The Isabella Bank Foundation (the “Foundation”), which is a non-controlled nonprofit organization formed for the purpose of distributing charitable donations to recipient organizations generally located in the communities we serve. Our donations are expensed when committed to the Foundation. The assets and transactions of the Foundation are not included in our consolidated financial statements.

Assets of the Foundation include cash and cash equivalents, certificates of deposit, and shares of Isabella Bank Corporation common stock. The Foundation owned 44,350 shares of our common stock as of December 31, 2018 and 2017, respectively. Such shares are included in the computation of dividends and earnings per share.

We did not make donations to the Foundation for the years ended December 31, 2018, 2017 and 2016. The following table displays total asset balances of the Foundation as of December 31:



	2018		2017		2016
Total assets	$	1,731	$	2,162	$	2,213