XML 24 R14.htm IDEA: XBRL DOCUMENT v3.21.2
Parent Company Only Financial Information (Interim Condensed Statements of Cash Flows) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
NET INCOME $ 14,705 $ 11,608
Adjustments to reconcile net income to cash provided by operations    
Undistributed earnings of equity securities without readily determinable fair values 0 (61)
Depreciation 1,761 1,958
Changes in operating assets and liabilities which used cash    
Other assets 1,811 (1,696)
Accrued interest and other liabilities (325) 370
Net cash provided by (used in) operating activities 21,163 10,936
Investing activities    
Net cash provided by (used in) investing activities (176,457) (43,370)
Financing activities    
Cash dividends paid on common stock (6,369) (6,386)
Proceeds from the issuance of common stock 1,196 3,274
Common stock repurchased (2,699) (1,619)
Common stock purchased for deferred compensation obligations (869) (1,252)
Net cash provided by (used in) financing activities 115,136 137,611
Increase (decrease) in cash and cash equivalents (40,158) 105,177
Cash and cash equivalents at beginning of period 246,640 60,572
Cash and cash equivalents at end of period 206,482 165,749
Amortization of Debt Issuance Costs 30 0
Proceeds from Issuance of Subordinated Long-term Debt 29,106 0
Isabella Bank Corporation Restricted Stock Plan    
Adjustments to reconcile net income to cash provided by operations    
Share-based payment awards 58 0
Isabella Bank Corporation and Related Companies Deferred Compensation Plan for Directors    
Adjustments to reconcile net income to cash provided by operations    
Share-based payment awards 343 334
Parent Company [Member]    
Operating activities    
NET INCOME 14,705 11,608
Adjustments to reconcile net income to cash provided by operations    
Undistributed earnings of subsidiaries (13,428) (6,448)
Undistributed earnings of equity securities without readily determinable fair values 0 (61)
Depreciation 38 34
Changes in operating assets and liabilities which used cash    
Other assets 673 (236)
Accrued interest and other liabilities 390 19
Net cash provided by (used in) operating activities 2,809 5,250
Financing activities    
Cash dividends paid on common stock (6,369) (6,386)
Proceeds from the issuance of common stock 1,196 3,274
Common stock repurchased (2,699) (1,619)
Common stock purchased for deferred compensation obligations (869) (1,252)
Net cash provided by (used in) financing activities 20,365 (5,983)
Increase (decrease) in cash and cash equivalents 23,174 (733)
Cash and cash equivalents at beginning of period 2,670 1,360
Cash and cash equivalents at end of period 25,844 627
Amortization of Debt Issuance Costs 30 0
Proceeds from Issuance of Subordinated Long-term Debt 29,106 0
Parent Company [Member] | Isabella Bank Corporation Restricted Stock Plan    
Adjustments to reconcile net income to cash provided by operations    
Share-based payment awards 58 0
Parent Company [Member] | Isabella Bank Corporation and Related Companies Deferred Compensation Plan for Directors    
Adjustments to reconcile net income to cash provided by operations    
Share-based payment awards $ 343 $ 334