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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net Income (Loss) Attributable to Parent $ 22,238 $ 19,499 $ 10,885
Reconciliation of net income to net cash provided by operating activities:      
Undistributed Earnings Of Equity Method And Other Investments 0 0 (394)
Provision for loan losses 483 (518) 1,665
Depreciation 2,071 2,314 2,620
Amortization of OMSR 97 597 504
Amortization of acquisition intangibles 15 29 48
Amortization of Debt Issuance Costs 87 52 0
Net amortization of AFS securities 2,018 2,233 2,044
Debt Securities, Available-for-sale, Realized Gain (Loss) 0 0 (71)
Net gain on sale of mortgage loans (631) (1,694) (2,716)
OMSR Impairment (532) 0 316
Impairments (13) (39) 51
Increase in cash value of corporate owned life insurance policies (818) (751) (708)
Bank Owned Life Insurance Income, From Policy Redemption (57) (271) (891)
Loss on sale of joint venture investment 0 0 394
Loss on extinguishment of debt 0 0 7,643
Deferred income tax expense (benefit) 13 (523) (276)
Origination of loans held for sale (21,382) (48,957) (114,323)
Proceeds from loan sales 23,369 51,657 115,202
Net changes in operating assets and liabilities which provided (used) cash:      
Other assets (2,813) 1,208 (821)
Accrued interest payable and other liabilities 2,182 146 398
Net cash provided by (used in) operating activities 26,937 25,501 21,997
Activity in AFS securities      
Sales 0 0 26,855
Maturities, calls, and principal payments 68,956 100,289 97,844
Purchases (210,869) (262,266) (28,658)
Payments to Acquire Equity Method Investments (250) 0 0
Proceeds from Divestiture of Interest in Joint Venture 0 0 1,000
Loan principal (originations) collections, net 36,672 (63,210) (52,132)
Proceeds from sales of foreclosed assets 241 716 409
Purchases of premises and equipment (3,205) (1,593) (1,518)
Payment to Acquire Life Insurance Policy, Investing Activities 0 (4,272) (625)
Proceeds from the redemption of corporate owned life insurance policies 359 1,114 2,387
Proceeds from Sale of Federal Home Loan Bank Stock 2,288 0 0
Payments to Acquire Federal Reserve Bank Stock (401) 0 0
Payments to Acquire Other Investments (46) (413) (429)
Net cash provided by (used in) investing activities (106,255) (229,635) 45,133
FINANCING ACTIVITIES      
Net increase (decrease) in deposits 33,936 144,022 252,466
Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net 7,609 (18,585) 37,748
Increase (Decrease) in Loans from Federal Home Loan Banks (20,000) (70,000) (162,643)
Proceeds from Issuance of Subordinated Long-term Debt 0 29,106 0
Cash dividends paid on common stock (8,082) (8,367) (8,524)
Proceeds from issuance of common stock 1,762 1,593 4,185
Common stock repurchased (1,124) (13,758) (2,702)
Common stock purchased for deferred compensation obligations (1,189) (1,187) (1,592)
Net cash provided by (used in) financing activities 12,912 62,824 118,938
Increase (decrease) in cash and cash equivalents (66,406) (141,310) 186,068
Cash and cash equivalents at beginning of period 105,330 246,640 60,572
Cash and cash equivalents at end of period 38,924 105,330 246,640
SUPPLEMENTAL CASH FLOWS INFORMATION:      
Interest paid 5,313 7,601 14,204
Federal income taxes paid 4,425 4,050 846
SUPPLEMENTAL NONCASH INFORMATION:      
Transfers of loans to foreclosed assets 456 361 531
Loan Receivable, Sale of Joint Venture Investment [Line Items] 0 0 3,227
Isabella Bank Corporation and Related Companies Deferred Compensation Plan for Directors      
Reconciliation of net income to net cash provided by operating activities:      
Share-based payment awards under equity compensation plan 463 433 413
Share-based payment awards 463 433 413
Isabella Bank Corporation Restricted Stock Plan      
Reconciliation of net income to net cash provided by operating activities:      
Share-based payment awards under equity compensation plan 147 86 14
Share-based payment awards $ 147 $ 86 $ 14