Online Banking

2-27-2014

ISBA Announces First Quarter Dividend

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's Board of Directors declared a first quarter cash dividend of $0.22 per share, a 4.76% increase from first quarter 2013, at its regular meeting held on February 26, 2014.  The dividend will be payable on March 31, 2014 to shareholders of record as of March 26, 2014.  The closing stock price for ISBA on February 26, 2014 was $23.80.
 

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQB tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”.

 

2-20-2014

Isabella Bank Honors Top Employees

Isabella Bank recognized eight individuals and two teams at their annual Employee Recognition event on January 25, 2014.

During the themed evening, eight individuals received the prestigious “Izzy Award” based upon their commitment to exceptional customer service, while upholding the values, goals and ethical expectations of Isabella Bank.  The following employees received the 2014 Izzy Award:  Vickie Dysinger – Farwell, Donna Garrett – West High, Jill Goodfellow – Mecosta, Rechelle Richardson – Administration, Joann Sanders – Breckenridge, Carrie Smith – Mortgages, Kathy Tatro – Item Processing and Tracy Zayler – Stanton.

Two departments were chosen as Outstanding Teams of the Year.  The two teams were Branch Administration and the Hemlock office.  These two teams were nominated by their peers and supervisors based upon superior customer service by their entire department and their contributions to the overall success of the Bank, volunteerism, teamwork and living Isabella Bank’s values on a daily basis. 

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.11 billion in assets under management.  To learn more about Isabella Bank, visit any of their 27 convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.

 

2-13-2014

ISBA Announces 2013 Earnings

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (OTCQB:ISBA), announced today that the Corporation's 2013 net income was $12.51 million.  During 2013, the Corporation paid total cash dividends of $0.84 per share, which represented a 5.00% increase over 2012.  Based on the Corporation's average stock price of $22.45 for the month of December 2013, the annualized cash dividend yield was 3.74%.

The Corporation's earnings of $12.51 million were a record and represented an increase of $304,000 from 2012.  Additionally, the Corporation enjoyed year over year loan growth of $35.28 million and a continued improvement in credit quality indicators.  As of December 31, 2013, total assets were $1.49 billion, and assets under management - which included loans sold and serviced, and assets managed by the Investment and Trust Services Department of $645.09 million - were $2.14 billion, which was a 4.13% increase over December 31, 2012.

While competition for high quality loans has been intense, the Corporation has not relaxed its underwriting standards and remains committed to core community banking principles and long term sustainable growth.  The Corporation's loan quality remains sound as evidenced by the relatively low percentage of loans classified as nonperforming.  As of December 31, 2013, the Corporation's ratio of nonperforming loans to total loans was 0.42% as compared to 1.71% for its peer group as of September 30, 2013 (peer group ratios are not yet available for December 31, 2013).  In addition, the Corporation's risk based capital to risk adjusted total assets ratio of 14.92% as of December 31, 2013 compares favorably to the 8.00% ratio required to be classified as adequately capitalized under the Federal Reserve Board's risk based capital rules.

For further information regarding Isabella Bank Corporation, please visit the website at www.isabellabank.com and click on the Investors Tab.

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in Isabella Bank Corporation's annual report on Form 10-K for the year ended December 31, 2012 and Form 10-Q for the quarter ended September 30, 2013, which are or will be available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

 

2-07-2014

Isabella Bank Promotions

Steven Pung, President of Isabella Bank, is pleased to announce the following promotions. 

Sara Scholer – Assistant Vice President, Branch Administration

Leslie Thielen – Assistant Vice President, Consumer Loans

Scholer’s primary responsibilities include working with managers and supervisors on branch operations.  She has been with Isabella Bank since 1998.  Sara graduated from the Dale Carnegie Team Development Training, Leadership Montcalm, and Isabella Bank Leadership Training.  Sara and her husband, Tom, reside in Vestaburg with their son. 

Thielen’s primary responsibilities include assisting customers with their consumer and mortgage lending needs.  She has been with Isabella Bank since 2004.  Leslie graduated from Central Michigan University, Perry School of Banking, and the Dale Carnegie Team Development Program.  She is a member of the Home Builders Association of Central Michigan, Home Builders Association Women’s Council, and the Central Michigan Association of Realtors.  Leslie and her husband, Ben, reside in Mount Pleasant with their three children.

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.11 billion in assets under management.  To learn more about Isabella Bank, visit any of our 27 convenient locations throughout mid-Michigan or the website at www.isabellabank.com.

2-03-2014

Matthews Joins Isabella Bank as Vice President of Commercial Loan Administration

Steven Pung, President of Isabella Bank, is pleased to welcome Greg Matthews.  Greg’s main responsibilities will include overseeing the credit, commercial loan documentation, and appraisal review departments.  Greg will also assist with the administration of the commercial loan policy. 

Greg earned his Bachelor of Science of Administration degree from Saginaw Valley State University and graduated from Louisiana State University Graduate School of Banking.  He has 27 years of credit, lending and underwriting experience.  Greg and his wife, Charlene, reside in Mount Pleasant. 

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.11 billion in assets under management.  To learn more about Isabella Bank, visit any of our 27 convenient locations throughout mid-Michigan or the website at www.isabellabank.com.

1-24-2014

DeNoyelles' Promoted to Vice President, Investment & Trust Services

Steven Pung, President of Isabella Bank, is pleased to announce the promotion of Mark DeNoyelles to Vice President, Investment & Trust Services.

DeNoyelles’ primary responsibilities include overseeing the Investment & Trust Services Department.  Mark joined Isabella Bank in 2011 after owning an insurance agency for over 30 years.  He holds Series 6 and 63 investment licenses and is licensed in property, casualty, life, and health insurance.  Mark graduated from Central Michigan University and the Dale Carnegie Leadership Program.  He is a member of the Mt. Pleasant Area Chamber of Commerce, Sacred Heart Parish, Junior Achievement, and coaches Sacred Heart Basketball.  Mark and his wife, Sandy, reside in Mt. Pleasant.  

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.11 billion in assets under management.  To learn more about Isabella Bank, visit any of our 27 convenient locations throughout mid-Michigan or the website at www.isabellabank.com.

1-3-2014

Sherwood Joins Isabella Bank Breckenridge Division Board

Tim Miller, President of Isabella Bank – Breckenridge, is pleased to announce the election of Jeff Sherwood to the Isabella Bank Breckenridge Division Board of Directors.  

Mr. Sherwood is a partner in Sherwood Farms, LLC, a 3600 acre cash crop business.  Jeff and his brother, Al, farmed with their father for 22 years until their father’s retirement five years ago.  Jeff has been very active in the agricultural community for several years.  Jeff currently serves on the Bethany Township Board of Appeals.  He has also served on the B&W Co-Op Board.  Jeff and his wife, Judy, reside in St. Louis.  

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.11 billion in assets under management.  To learn more about Isabella Bank, visit any of our 27 convenient locations throughout mid-Michigan or the website at www.isabellabank.com.

12-6-2013

Huff Promoted to Barryton Branch Manager

Keith Kenney, President of Isabella Bank – Mecosta, is pleased to announce the promotion of Debbi Huff to Branch Manager of Barryton.  

Debbi’s main responsibilities include helping the local community with their personal and business lending needs and overseeing the branch operations.  She has 21 years of banking experience.  Debbi is a graduate of Dale Carnegie Team Development Process and several internal training programs including Supervisory Leadership Class and Isabella University.  She serves as treasurer for the Barryton Area Historical Commission and is a member of Faith United Methodist Church.  Debbi and her husband, Harold, reside in Barryton.  They have five children.  

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.11 billion in assets under management.  To learn more, visit any of our 27 convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.

12-6-2013

Dole Joins Isabella Bank as Mortgage Lender

Steven Pung, President of Isabella Bank, is pleased to welcome Christine Dole as a Mortgage Lender in the Midland area.

Christine has been in the financial industry for over 24 years, and has been in the mortgage area for the past 15 years.  She looks forward to getting involved in the Home Builders Association of Midland and the Midland Association of Realtors. Christine and her family reside in the Auburn area.    

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.11 billion in assets under management.  To learn more, visit any of our 27 convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.  

11-27-2013

ISBA Announces Fourth Quarter 2013 Dividend

Richard Barz, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's Board of Directors declared a fourth quarter cash dividend of $0.21 per share – a 5.00% increase from fourth quarter 2012 – at its regular meeting held on November 27, 2013. The dividend will be payable on December 31, 2013 to shareholders of record as of December 24, 2013. The closing stock price for ISBA on November 27, 2013 was $23.19.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com. Isabella Bank Corporation common stock is quoted on the OTCQB tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”

10-25-2013

Isabella Bank Names Jerome Schwind to Executive Vice President/Chief Operations Officer, Effective January 2014

Steven Pung, President of Isabella Bank, announced the promotion of Jerome Schwind to Executive Vice President and Chief Operations Officer, effective January 1, 2014.

Jerome joined Isabella Bank in 1999 and has served in various leadership roles including Chief Integration Officer and President of the Mecosta Division.  Jerome received his undergraduate degree from Ferris State University and his MBA from Lake Superior State University.  He is also a graduate of the Dale Carnegie Executive Development program, the Graduate School of Banking at the University of Wisconsin-Madison, and the Rollie Denison Leadership Institute.  

In addition to his professional accomplishments, Jerome is also a strong community advocate.   He is an active volunteer and serves as a director for the Friends of Ferris board.  Schwind is past chair of the Mecosta County Development Corporation and past vice chair of the Mecosta County Medical Center.

“Jerome is a trusted leader within our Bank and also in our local communities.  He has more than two decades of banking experience.  We look forward to leveraging his skills and knowledge in lending, deposits, and strategic planning across the entire Bank,” commented Isabella Bank President Steven Pung.   

For more information about Isabella Bank Corporation, visit the Investors tab at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQB tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in Isabella Bank Corporation's annual report on Form 10-K for the year ended December 31, 2012 and Form 10-Q for the quarter ended September 30, 2013 which are or will be available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

10-25-2013

ISBA Announces Third Quarter 2013 Earnings

Richard J. Barz, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's third quarter 2013 net income was $3.29 million. The Corporation paid a $0.21 per share cash dividend in the third quarter of 2013, which represents a 5.00% increase when compared to the same period in 2012. Based on the Corporation's average stock price of $24.88 for the month of September 2013, the annualized cash dividend yield was 3.38%.

The Corporation’s net income for the first nine months of 2013 was $9.59 million as compared to $9.70 for the first nine months of 2012.  While year to date earnings decreased by $109,000 in 2013 as compared to 2012, the Corporation recognized securities gains of $948,000 for the nine months ended September 30, 2012 which were not present during 2013.  As of September 30, 2013, the Corporation’s total assets were $1.46 billion, and assets under management - which included loans sold and serviced, and assets managed by the Corporation’s Investment and Trust Services Department of $646.50 million - were $2.11 billion. This represents a 4.49% increase in assets under management when compared to September 30, 2012.

While competition for high quality loans has been intense, the Corporation has not relaxed its underwriting standards and remains committed to core community banking principles and long term sustainable growth. The Corporation’s loan quality remains sound as evidenced by its relatively low percentage of loans classified as nonperforming. As of September 30, 2013, the ratio of nonperforming loans to total loans for the Corporation was 0.53%. In comparison, the average percentage for all bank holding companies in the Corporation’s peer group was 1.86% as of June 30, 2013 (peer group ratios are not yet available for September 30, 2013). In addition, the Corporation's risk based capital to risk adjusted total assets ratio of 15.00% as of September 30, 2013 compares favorably to the 8.0% ratio required to be classified as adequately capitalized under the Federal Reserve Board's risk based capital rules.

For further information regarding Isabella Bank Corporation, please visit the website at www.isabellabank.com and click on the Investors Tab.

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in Isabella Bank Corporation's annual report on Form 10-K for the year ended December 31, 2012 and Form 10-Q for the quarter ended September 30, 2013, which are or will be available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

09-27-2013

Isabella Bank Corporation CEO Barz Announces Retirement; Evans Elected CEO, Effective January 2014

David Maness, Chairman of Isabella Bank Corporation (ISBA), announced today that Richard (Rick) J. Barz will retire as Chief Executive Officer effective December 31, 2013.  The Board of Directors has elected Jae Evans, currently Isabella Bank’s Chief Operations Officer, to serve as CEO effective January 1, 2014.  Barz will continue to serve on the Board of Directors for both Isabella Bank and Isabella Bank Corporation.

“Rick has served our organization as a steward of our brand and as a mentor for our current and future leaders.  We are deeply thankful to Rick for his contributions and years of service,” said David Maness, Chairman of the Board.

“After a two-year process and assistance from a nationally recognized executive consulting firm, we are extremely pleased to announce a promotion from within our organization,” added Maness.  “Jae has extensive banking and leadership experience, as well as an intimate knowledge of our internal business practices, communities and core values.  Together, these attributes will provide the leadership and experience needed to assure continued success now and into the future.”

Evans’ appointment to CEO is effective January 1, 2014.  Evans joined Isabella Bank in 2008 and has more than 36 years of banking experience. He has served in various roles at the Bank, including Chief Operations Officer and president of the Greenville Division.  He is a graduate of Central Michigan University, the Graduate School of Banking at the University of Wisconsin-Madison, and the Dale Carnegie Executive Development program.  Evans is an active volunteer. He is a board member for The Community Bankers of Michigan, Art Reach of Mid Michigan, and is chair of the EightCAP governing board. Evans is also past vice-chair of the Carson City Hospital, was president of the Greenville Rotary Club, and just completed his term as chair of The Community Bankers of Michigan.

The senior management group includes a seasoned team of bankers with more than 350 years of banking experience.  They include:

• Jae Evans, CEO - Elect
• Steven Pung, Isabella Bank President
• Dennis Angner, Chief Financial Officer and President of Isabella Bank Corporation
• Jerome Schwind, Chief Integration Officer
• David Reetz, Chief Lending Officer
• Keith Kenney, President - Mecosta Division
• Timothy Miller, President - Breckenridge Division
• Richard Russo, President - Greenville Division
• Thomas Wallace, President - Farwell Division
• Barbara Diehm, Senior Vice President - Branch Administration
• Daniel Eversole, Senior Vice President - Human Resources
• Barbara Place, Senior Vice President - Audit
• Peggy Wheeler, Senior Vice President - Controller

Barz said his 41 years with Isabella Bank have been very rewarding.  “I have had great mentors, customers, and co-workers who helped me understand the positive role we, as bankers, have in the growth and development of our communities,” he said.  

“I see this same passion for community banking in our next generation of leadership and am confident in their ability to serve our customers, employees, shareholders, and communities,” Barz added.   

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQB tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in Isabella Bank Corporation's annual report on Form 10-K for the year ended December 31, 2012 and Form 10-Q for the quarter ended June 30, 2013, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

 

 

09-11-2013

Turner Promoted to Mortgage Lender

Steve Pung, President of Isabella Bank, is pleased to announce the promotion of Jessica Turner to Mortgage Lender. Jessica will serve the Mt. Pleasant and surrounding area residents with their home buying, building, and remodeling loans.

Jessica has been with Isabella Bank since 2007.  She has spent the last 4 years in the mortgage processing and underwriting departments.  Jessica earned her Bachelor Degree from Ferris State University.  She volunteers her time with Bank sponsored events, the Home Builders Association of Central Michigan and the Mt. Pleasant Area Chamber of Commerce.  Jessica and her husband, Trevor, reside in Sheridan with their two children.  

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.08 billion in assets under management.  To learn more about Isabella Bank, visit any of their 27 convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.  

09-03-2013

Wilson Joins Isabella Bank Breckenridge Board

Tim Miller, President of Isabella Bank – Breckenridge Division, announced the appointment of Brent C. Wilson to the Board.  

Mr. Wilson is a partner in Wilson Centennial Farm, LLC, a 650 dairy cow and 3500 acre cash crop business.   The Wilson Centennial Farm is a past recipient of the Gratiot County Farm Family of the Year and NorthStar DHI number one High Dollar Value Herd.  Over the years, Mr. Wilson has served on several community organizations including director for the Michigan Milk Producers Association, chair of Carson Health System, and member of the Carson City United Methodist Church.  He has also served on the Gratiot County Farm Bureau Board, GreenStone Farm Credit Board, Greater Gratiot Development Board and member representative for Michigan Milk Producers Association.  He previously served as the area MSU Extension Agricultural Agent.

Brent is a graduate of Michigan State University with a B.S. in Animal Science and a M.A. in Adult Education.  Brent and his wife, Nancy, reside in Carson City.  

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.08 billion in assets under management.  To learn more about Isabella Bank, visit any of our 27 convenient locations throughout mid-Michigan or the website at www.isabellabank.com.

09-03-2013

Diehm Graduates from Prestigious Graduate School of Banking at University of Wisconsin-Madison

Steve Pung, President of Isabella Bank, is pleased to announce the graduation of Barb Diehm, Senior Vice President of Branch Administration from the prestigious Graduate School of Banking at the University of Wisconsin-Madison.  The School was established in 1945 to provide bankers with an opportunity for advanced study and research in banking, economics and leadership.  

In 1973, Barb began her career at Isabella Bank as a teller.  Over the years, her dedication and hard work led to several promotions including Loan Officer, Branch Manager and Senior Vice President of Branch Administration.  Barb is a graduate of the Rollie Denison Leadership Institute, Dale Carnegie Team Development and Executive Development Programs.  She is actively involved in the St. Michael’s School Foundation as Treasurer.  Barb and her husband, Tom, reside in the Remus area.  They have three grown children, Adam, Tony and Alyssa.  
 
Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.08 billion in assets under management.  To learn more, visit any of our 27 convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.

08-29-2013

ISBA Announces Third Quarter 2013 Dividend

Richard J. Barz, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's Board of Directors declared a third quarter cash dividend of $0.21 per share – a 5.00% increase from third quarter 2012 - at its regular meeting held on August 28, 2013.  The dividend will be payable on September 30, 2013 to shareholders of record as of September 24, 2013.  The closing stock price for ISBA on August 28, 2013 was $24.99.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQB tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.” 

07-26-2013

ISBA Announces Second Quarter 2013 Earnings

Richard J. Barz, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's second quarter 2013 net income was $3.21 million, a 6.96% increase over the same period in 2012. The Corporation paid a $0.21 per share cash dividend in the second quarter of 2013, which represents a 5.00% increase when compared to the same period in 2012. Based on the Corporation's average stock price of $24.94 for the month of June 2013, the annualized cash dividend yield was 3.37%.

The Corporation's net income for the first six months of 2013 was a record $6.30 million, a $62,000 increase over the same period in 2012. Despite compressed margins, the Corporation surpassed 2012 earnings (for the same period) due to continued improvement in credit quality, a reduction in the provision for loan losses, and loan growth of $30.70 million in the first six months of 2013. As of June 30, 2013, the Corporation’s total assets were $1.45 billion, and assets under management - which included loans sold and serviced, and assets managed by the Corporation’s Investment and Trust Services Department of $631.18 million - were $2.08 billion. This represents a 4.15% increase in assets under management when compared to June 30, 2012.

The Corporation’s loan quality remains sound as evidenced by its relatively low percentage of loans classified as nonperforming. As of June 30, 2013, the ratio of nonperforming loans to total loans for the Corporation was 0.52%, down from 0.90% as of March 31, 2013. In comparison, the average percentage for all bank holding companies in the Corporation’s peer group was 2.02% as of March 31, 2013 (peer group ratios are not yet available for June 30, 2013). In addition, the Corporation's risk based capital to risk adjusted total assets ratio of 14.84% as of June 30, 2013 compares favorably to the 8.0% ratio required to be classified as adequately capitalized under the Federal Reserve Board's risk based capital rules.

For further information regarding Isabella Bank Corporation, please visit the website at www.isabellabank.com and click on the Investors Tab.

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in Isabella Bank Corporation's annual report on Form 10-K for the year ended December 31, 2012 and Form 10-Q for the quarter ended June 30, 2013, which are or will be available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

06-14-2013

Donovan Announced Supervisor of 2nd Big Rapids Branch

Keith Kenney, Mecosta Division President of Isabella Bank, announced Felicia Donovan will serve as Supervisor of the new Big Rapids branch.  The new branch slated to open in August is located at 711 Maple Street.  Felicia will oversee the day-to-day branch operations.  She has 5 ½ years of banking experience in the Mecosta area.

Felicia received a Business Information Systems certificate from Mid-Michigan Community College and is currently enrolled in Isabella University, an internal training program for branch supervisors.  She volunteers her time with the Osceola County Community Foundation and Barryton Days Parade.  Felicia and her husband, Chad, reside in Remus with their two daughters.

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.05 billion in assets under management.  To learn more, visit any of our 26 (soon to be 27) convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.

 

06-14-2013

Isabella Bank Welcomes Hansen to Business Development Team

Steven Pung, President of Isabella Bank, is pleased to welcome Kerri Hansen to the Business Development Team.  Hansen’s main responsibilities include educating business customers on Isabella Bank’s array of electronic merchant services and offering solutions to fit their needs.  

Kerri is working toward her Associates in Technology degree at Mid-Michigan Community College.  She has been with Isabella Bank for 11 years, starting in the accounting department and working in the electronic services department for the last 9 years.  Kerri is a lifelong resident of Mount Pleasant.  She has one son who is currently attending CMU.  Kerri is actively involved with the Community Compassion Network and American Red Cross.

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.05 billion in assets under management.  To learn more, visit any of our 26 (soon to be 27) convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.  

 

06-07-2013

Eling and Houin Graduate from MBA Perry School of Banking

Steven Pung, President of Isabella Bank, is pleased to announce the graduation of Josh Eling, Assistant Vice President Big Rapids Branch and Vern Houin, Assistant Vice President FGIS, from the prestigious Michigan Bankers Association (MBA) Perry Schools of Banking.  The MBA Perry Schools of Banking were established in 1976 with a mission to serve the banking industry of Michigan through in-depth and long-term continuing education programs developed by the MBA Perry Board of Trustees and alumni.

Josh has been with Isabella Bank since 2009 as the Big Rapids branch manager.  Josh graduated from Central Michigan University with a degree in Accounting and completed his Master’s Degree in Business Administration from Ferris State University in 2008.  He is actively involved in the Rotary, a Board Member for the Big Rapids Area Chamber of Commerce and serves on the United Way Allocation Committee.  Josh and his wife, Christie, reside in Canadian Lakes with their two children.    

Vern has been with Isabella Bank since 2009 overseeing the network information systems.  Vern graduated from Indiana University with a Bachelor of Computer Science degree and the Dale Carnegie Team Development Program.  He is an active member of the Sacred Heart Parish.  He is the Grand Knight of the Sacred Heart Chapter of the Knights of Columbus and a member of the Michigan Bankers Association.  Vern and his wife, Julie, reside in the Lake Isabella area.  They have three children and three grandchildren.

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.05 billion in assets under management.  To learn more, visit any of our 26 (soon to be 27) convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.

 

05-23-2013

ISBA Announces Second Quarter 2013 Dividend

Richard Barz, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's Board of Directors declared a second quarter cash dividend of $0.21 per share – a 5.00% increase from second quarter 2012 - at its regular meeting held on May 22, 2013.  The dividend will be payable on June 28, 2013 to shareholders of record as of June 24, 2013.  The closing stock price for ISBA on May 22, 2013 was $24.79.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQB tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA."

 

04-26-2013

ISBA Announces First Quarter 2013 Earnings

Richard J. Barz, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's first quarter 2013 net income was $3.09 million, compared to $2.51 million in the fourth quarter of 2012 and $3.23 million in the first quarter of 2012. The 4.33% decline in net income (compared to the first quarter of 2012) is primarily attributed to the strategic restructuring of investment securities and borrowings which took place in the first quarter of 2012 and led to a one-time increase in net income of $603,000.

The Corporation paid a $0.21 per share cash dividend in the first quarter of 2013, which represents a 5.00% increase when compared to the same period in 2012.  Based on the Corporation's average stock price of $24.52 for the month of March 2013, the annualized cash dividend yield was 3.43%.  The Corporation’s total assets were $1.43 billion, and assets under management - which included loans sold and serviced, and assets managed by the Corporation’s Investment and Trust Services Department of $638.11 million - were $2.07 billion on March 31, 2013. This represents a 4.02% increase in assets under management when compared to March 31, 2012.

The Corporation’s loan quality remains sound as evidenced by its relatively low percentage of loans classified as “nonperforming.” As of March 31, 2013, the ratio of “nonperforming” loans to total loans for the Corporation was 0.90%, down from 1.00% at year-end 2012. In comparison, the average percentage for all bank holding companies in the Corporation’s peer group was 2.19% as of December 31, 2012 (peer group ratios are not yet available for March 31, 2013). In addition, the Corporation's risk based capital to risk adjusted total assets ratio of 14.86% at March 31, 2013 is considered to be exceptionally sound when compared to the 8.0% ratio required to be considered adequately capitalized under the Federal Reserve Board's risk based capital rules.

“We continue to leverage our financial strength and stability to make strategic decisions which will position us well for the future.  We are extremely proud to be opening our 27th office later this year.  It will be located on the east side of Big Rapids,” Barz commented.
 
For further information regarding Isabella Bank Corporation, please visit the website at www.isabellabank.com and click on the Investors Tab.

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in Isabella Bank Corporation's annual report on Form 10-K for the year ended December 31, 2012 and Form 10-Q for the quarter ended March 31, 2013, which are or will be available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

 

04-18-2013

Isabella Bank Welcomes McNeil as New Commercial Lender

Tim Miller, Breckenridge Division President of Isabella Bank, is pleased to welcome Michael McNeil.  McNeil’s main responsibilities will include serving Breckenridge and the surrounding communities with their commercial and agricultural lending needs.  

McNeil earned his Bachelor of Business Administration from Northwood University, Associate of Arts in Business Administration from Delta College and a Certificate of Agri-Business Technologies from Michigan State University.  He has 5 years of commercial and agricultural lending experience.  Michael and his wife, Elise, have one son and are expecting their second child in July.  They look forward to relocating closer to the Breckenridge area to get involved with the community.  

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.05 billion in assets under management.  To learn more, visit any of our 26 convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.

 

04-02-2013

Barz Named 2013 MBA Banker of the Year

The Michigan Bankers Association (MBA) has selected Richard J. Barz, CEO of Isabella Bank Corporation in Mount Pleasant, as its 2013 MBA Banker of the Year.

“We are proud to honor Rick Barz as the MBA Banker of the Year. His dedication to the banking industry, his community and the MBA has been exemplary,” said Dennis Koons, President and CEO of the Michigan Bankers Association.

Each year, the MBA Board of Directors, made up of bank CEO’s from around the state, recognizes a banker as the MBA Banker of the Year based on their commitment to the Michigan Bankers Association, contribution to their bank, service to other banks and a strong record of community service.

“It is an amazing honor to be selected as the MBA Banker of the Year,” said Barz. “It would not have been possible without the exceptional team here at Isabella Bank who work hard everyday to provide quality services to our customers and the community.”

Barz will be honored at the MBA Annual Convention on Mackinac Island in June.

Mr. Barz celebrated his 40th anniversary with Isabella Bank in 2012. He has held several positions during his career and was named president and chief executive officer of Isabella Bank in 2001. Mr. Barz was named CEO of Isabella Bank Corporation in 2010. When he started at Isabella Bank in 1972, it had assets of $37 million. Last year, the Corporation hit a milestone by reaching $2.05 billion in assets under management. In addition, the Corporation’s net income for 2012 was $12.21 million, a 19.55% increase over the prior year.

Mr. Barz has been actively involved in the initiatives of the Michigan Bankers Association, acting as a Trustee for the MBA Perry Schools of Banking. He also participates in statewide and national legislative efforts supporting the banking industry. In the past, Mr. Barz has also been an instructor for the MBA Perry Schools of Banking, and sits on the MBA Bank Management Committee. He is passionate about the bank’s role in teaching financial literacy. Employees at the bank regularly visit classrooms to talk about budgeting and the importance of good credit. In 2012, Isabella Bank received the MBA Financial Literacy Award in recognition of these efforts.

Locally, Mr. Barz is the current chairman of the Middle Michigan Development Corporation, the Local Development Finance Authority, and is a member of the Central Michigan University Development Board as well as the CMU Research Corporation Board, Mid-Michigan Community College – Mt. Pleasant Advisory Board and is Honorary Chair for the Campaign for Excellence. He has served as past chair of Central Michigan Community Hospital, United Way of Isabella County, Volunteer Center and City of Mt. Pleasant Planning Commission.

Mr. Barz also encourages others throughout his organization to take an active role in the community. Volunteering is written directly into Isabella Bank’s vision and mission statements.

“The MBA congratulates Mr. Barz on this distinguished achievement,” said Craig Kus, Chairman of the Michigan Bankers Association “He is a very deserving honoree.”

The Michigan Bankers Association (MBA), the voice of the banking industry since 1887, consists of Michigan financial institutions with more than 3,000 branches located throughout the state. The MBA promotes strong communities and economic activity in Michigan by advancing a positive business environment. MBA assists banks by offering products and services to reduce expenses and increase profitability through the strength of the association.

For more information, visit www.mibankers.com.

 

03-12-2013

Bleeker Promoted to Consumer Lender

Steve Pung, President of Isabella Bank, is pleased to announce the promotion of Mari Kay Bleeker to Consumer Lender.  Bleeker’s main responsibilities will include serving the Lake Isabella area with their consumer lending needs and supervising the branch operation.  She has 6 years of banking experience.  

Bleeker is a graduate of the Robert M. Perry School of Banking, Dale Carnegie Team Development Program, Isabella University, Isabella Bank Leadership Program and the Principles of Banking Course.  Mari Kay is a member of the Big Rapids Jaycees.  Mari Kay and her husband, Chad, reside in the Remus area with their two sons.

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.05 billion in assets under management.  To learn more about Isabella Bank, visit any of their 26 convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.  

 

03-01-2013

ISBA Announces First Quarter 2013 Dividend

Mt. Pleasant, Michigan, March 1, 2013 - Richard Barz, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's Board of Directors, at its regular meeting held on February 27, 2013, declared a first quarter cash dividend of $0.21 per share.  The dividend will be payable on March 29, 2013 to shareholders of record as of March 26, 2013.  This cash dividend represents a 5.00% increase compared to the first quarter dividend of 2012. The closing stock price for ISBA on February 28, 2013 was $23.75.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQB tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”

 

02-14-2013

Isabella Bank Honors Top Employees

Isabella Bank recognized 8 individuals and 2 teams at their annual Employee Recognition event on January 26, 2013.

During the themed evening, eight individuals received the prestigious “Izzy Award” based upon their commitment to exceptional customer service, while upholding the values, goals and ethical expectations of Isabella Bank.  The following employees received the 2013 Izzy Award:  Nora Colthorp – Hemlock, Melissa Fiorillo – Lake Isabella, Jennifer Gill – Accounting, Patrick Larrance – FGIS, Sarah Lukens – Shepherd, Jill Smith – Greenville, Dawn Swetz – Farwell, Lisa Whitehead – Big Rapids.

Two departments were chosen as Outstanding Teams of the Year.  The two teams were: Accounting and the Lake Isabella Branch.  These two teams were nominated by their peers and supervisors based upon superior customer service by their entire department and their contributions to the overall success of the Bank, volunteerism, teamwork and living Isabella Bank’s values on a daily basis.  

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.05 billion in assets under management.  To learn more about Isabella Bank, visit any of their 26 convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.

 

02-08-2013

ISBA Announces 2012 Earnings

Richard J. Barz, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's net income for 2012 was $12.21 million, a 19.55% increase over the prior year. This increase was primarily the result of the strategic restructuring of certain investment securities and borrowings in the first quarter of 2012, and a significant increase in the gain on the sale of long term fixed rate residential mortgages on the secondary market.  

On December 31, 2012, the Corporation’s total assets were $1.43 billion, and assets under management - which included loans sold and serviced, and assets managed by the Corporation’s Investment and Trust Services Department of $622.73 million - were $2.05 billion.

The Corporation’s loan quality remains sound as evidenced by its low percentage of loans classified as “nonperforming.” As of December 31, 2012, the ratio of “nonperforming” loans to total loans for the Corporation was 1.00%. In comparison, the average percentage for all bank holding companies in the Corporation’s peer group was 2.48% as of September 30, 2012 (peer group ratios are not yet available for December 31, 2012). In addition, the Corporation's risk based capital to risk adjusted total assets ratio of 14.48% at December 31, 2012 is considered to be exceptionally sound when compared to the 8.0% ratio required to be considered as adequately capitalized under the Federal Reserve Board's risk based capital rules.

The Corporation paid total cash dividends of $0.80 per share in 2012, which represents a 5.26% increase when compared to the total cash dividends paid per share in 2011. Based on the Corporation's average stock price of $22.69 for the month of December 2012, the annualized cash dividend yield was 3.53%.
For further information regarding Isabella Bank Corporation, please visit the website at www.isabellabank.com and click on the Investors Tab.
 

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in Isabella Bank Corporation's Form 10-Q for the quarter ended September 30, 2012 and annual report on Form 10-K for the year ended December 31, 2012, which are or will be available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

 

01-31-2013

Isabella Bank Promotions

Steven Pung, President of Isabella Bank is pleased to announce the following promotions.

Deb Campbell – Vice President Shareholder Services
Aaron Wirsing – Vice President Accounting
Miles Coffland – Assistant Vice President Investment & Trust Services
Deb Markley – Assistant Vice President Breckenridge Branch
Connie Katt – Assistant Vice President Breckenridge Retail Lending
Bob Byram – Business Development Officer Greenville
Pat Netzley – Business Development Officer Breckenridge
Nora Colthrop – Branch Officer Hemlock

Campbell’s primary responsibilities include overseeing the day-to-day operations of the shareholder services department. She has been with Isabella Bank since 1982 and worked in a number of capacities throughout the Bank including teller, corporate board secretary, and most recently supervisor of shareholder services. Deb completed the Isabella Bank Leadership Development Program. She is actively involved in the community and Bank sponsored events. Deb and her late husband, William, have 2 grown children and 3 grandchildren.

Wirsing’s primary responsibilities include overseeing the day-to-day operations of the accounting department. He has been with Isabella Bank since 2003. Wirsing graduated from Saginaw Valley State University and the Dale Carnegie Team Development Program. He is currently attending the Graduate School of Banking at the University of Wisconsin – Madison and the Dale Carnegie Executive High Impact Leadership Program. Wirsing serves as the treasurer for Habitat for Humanity of Isabella County and is a member of the Michigan Bankers Association Grassroots Advocacy Committee and Zion Lutheran Church in Mt. Pleasant. Aaron and his wife, Kate, reside in Beal City with their children, Luke and Elle.

Coffland’s primary responsibilities include assisting customers with their trust and investment decisions. Coffland has been with Isabella Bank since 2003. Coffland is a Certified Public Accountant; he graduated from Central Michigan University, Cannon Trust School, the Dale Carnegie Team Development Program, the Dale Carnegie Sales and Service Excellence Program and the Rollie Denison Leadership Program. He is a Little League coach and the current President of the Board for the United Way of Isabella County. Miles resides in Mt. Pleasant with his family.

Markley’s primary responsibilities include consumer lending and overseeing the day-to-day operations of the Breckenridge branch. Markley has been with Isabella Bank since 1990. Markley graduated from Great Lakes Junior College and the Dale Carnegie Team Development Program. She has earned the BPW Young Careerist and Isabella Bank Izzy awards. Markley is treasurer for the Breckenridge Rotary Club and member of the Breckenridge Schools Scholarship Committee. Deb and her husband, Steve, reside in Breckenridge with their two sons.

Katt’s primary responsibilities include serving the Breckenridge community with their mortgage lending needs. Katt has been with Isabella Bank since 1982 and worked in a number of capacities throughout the Bank including bookkeeper, teller, mortgage loan processor, commercial loan clerk, and most recently as a mortgage loan officer. Katt graduated from the Michigan Bankers Association Mortgage Lending School, Dale Carnegie Sales and Service Excellence Program and the Dale Carnegie Team Development Program. She is the Women for Women secretary, member of the Central Michigan Association of Realtors, Home Builders Association and participates in the area Relay for Life. Connie and her husband, Dave, reside in the Breckenridge area. They have two grown sons and two grandchildren.

Byram’s primary responsibilities include serving Greenville and the surrounding communities with their commercial lending needs. He has been with Isabella Bank since 2002. Byram graduated with honors from Northwood University and the Dale Carnegie Team Development Program. He is currently attending the Robert M. Perry School of Banking and pursuing his MBA at Ferris State University. He is a member of the Greenville Rotary Club, Big Brothers Big Sisters of Montcalm County Resource Committee, M-Tec Advisory Board and Heart of Montcalm Chamber of Commerce Board member. Bob and his wife, Katrina, reside in Greenville with their two children.

Netzley’s primary responsibilities include serving Breckenridge and the surrounding communities with their commercial lending and crop insurance needs. He has been with Isabella Bank since 2009. Netzley is a graduate of the Robert M. Perry School of Banking, Dale Carnegie Team Development Program and is licensed in property, casualty, life and health insurance. He is a member of the Bay/Midland Pheasants Forever, National Wild Turkey Federation and coaches youth soccer and t-ball. Pat and his wife, Kelly, reside in Hemlock with their two children.

Colthorp’s primary responsibilities include serving Hemlock and the surrounding communities with their banking needs and overseeing the branch operations. She has been with Isabella Bank since 1996. Colthorp is a graduate of Central Michigan University with a degree in Business Administration. She is second Vice President of the Hemlock Lions Club, a Lafayette Township Trustee and member of the Saginaw County Chamber of Commerce. Nora and her husband, Dave, reside in Breckenridge with their two daughters.

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.05 billion in assets under management. To learn more about Isabella Bank, visit any of their 26 convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.
 

01-24-2013

Isabella Bank Names New Branch Manager & Mortgage Loan Officer

Tom Wallace, Farwell Division President of Isabella Bank, is pleased to announce Scott Moore as the Branch Manager of the Clare office and Roger Williams as Mortgage Loan Officer.

Moore’s main responsibilities will include serving Clare and the surrounding communities with their banking needs and overseeing the branch operations. He has 18 years of banking experience most recently serving as the Vice President of Retail Banking. Moore is a graduate of Central Michigan University. He is actively involved at the Clare United Methodist Church and coach for Clare youth sports. Scott and his wife, Liz, reside in the Clare area with their two sons.

Williams’ main responsibilities will include serving the Clare and Farwell areas with their mortgage lending needs. He has been with Isabella Bank since 2001. Williams is a graduate of the Perry School of Banking, Clare County Leadership Institute and the Dale Carnegie Team Development Program. He is a member of the John Q Look Masonic Lodge in Clare, President of the Clare Chamber of Commerce and actively involved at the Crystal Motor Speedway and Tri-City Motor Speedway which earned him the 2009 Midwest Racing Scene’s Tom Carnegie Announcer of the Year award. Roger and his wife, Stephanie, reside in Clare.

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.05 billion in assets under management. To learn more visit any of our 26 convenient locations throughout mid-Michigan or the company website at www.isabellabank.com
 

12-13-2012

Oman Retires After 28 Years

Tom Wallace, Farwell Division President of Isabella Bank, announced the retirement of Pat Oman, Assistant Vice President of Consumer Lending. Throughout Pat’s 28 years at the Bank he served as a consumer and mortgage lender.

“Pat will be missed by all of us at the Bank and by his loyal customers. His customers were like family to him. Pat is well respected in the Farwell community and we wish him a happy retirement.” commented Wallace.

Pat is an active member of the Lake Baptist Church. After retirement he plans to spend more time with his foam insulation business and helping at his son’s construction business. Pat and his wife, Deb, reside in Farwell. They have 2 children and 3 grandchildren.

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.02 billion in assets under management. To learn more about Isabella Bank, visit any of our 26 convenient locations throughout mid-Michigan or the website at www.isabellabank.com.

01-18-2013

Zayler Named Branch Manager of Stanton Office

Richard Russo, Greenville Division President of Isabella Bank, is pleased to announce Tracy Zayler as the new Branch Manager of the Stanton office.  Zayler’s main responsibilities will include serving Stanton and the surrounding communities with their banking needs and overseeing the branch operations. She has 13 years of banking experience.

Zayler is a graduate of the Robert M. Perry School of Banking and Dale Carnegie Team Development Program. She is currently a member of the Greenville Optimist Club and past president of the Danish Festival board. Tracy and her husband, Brian, reside in Greenville with their two daughters.

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.02 billion in assets under management. To learn more visit any of our 26 convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.

11-30-2012

 Isabella Bank Names Chief Integration Officer & Mecosta Division President

Steven Pung, President of Isabella Bank, is pleased to announce the promotion of Jerome Schwind to Chief Integration Officer and welcome Keith Kenney, who will serve as the Mecosta Division President. As the Chief Integration Officer, Schwind will be responsible for the integration of strategic initiatives throughout the company. As the Mecosta Division President, Kenney will manage the day-to-day operations and community development for the Mecosta County offices.

Schwind joined Isabella Bank in 1999 and has over 20 years of banking experience. Prior to his promotion, he served as the Mecosta Division President. He holds a Finance degree from Ferris State University and an MBA from Lake Superior State University. Schwind is a graduate of the Dale Carnegie Executive Development program and the Graduate School of Banking at the University of Wisconsin-Madison. In addition to his professional achievements, Schwind is also very active in his community. He serves as a Trustee of the Mecosta County Medical Center, an Ambassador of the Mecosta County Area Chamber of Commerce, President of the Mecosta County Development Corporation, and serves on the Friends of Ferris Board. Jerome and his wife, Deborah, live in Canadian Lakes. 

Kenney joins Isabella Bank with over 30 years of banking experience. Most recently, he served as a Market President for US Bank and previously held several commercial lending positions including Senior Vice President. He holds a Business Administration degree from Almeda University. Kenney has been involved in several community organizations including the Chamber of Commerce and Home Builders Association. Keith and his wife, Jean, are excited for the opportunity to move back home to Michigan and join the Big Rapids community.

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.02 billion in assets under management. To learn more about Isabella Bank, visit any of our 26 convenient locations throughout mid-Michigan or our website at www.isabellabank.com.
 

11-30-2012

ISBA Announces Fourth Quarter 2012 Dividend

Richard Barz, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's Board of Directors, at its regular meeting held on November 28, 2012, declared a fourth quarter cash dividend of $0.20 per share. The dividend will be payable on December 28, 2012 to shareholders of record as of December 26, 2012. This cash dividend represents a 5.26% increase compared to the fourth quarter dividend of 2011. The closing stock price for ISBA on November 28, 2012 was $22.85.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com. Isabella Bank Corporation common stock is quoted on the OTCQB tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.” 
 

10-25-2012

ISBA Announces Third Quarter 2012 Earnings

Richard J. Barz, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's net income for third quarter 2012 was $3.46 million, a 37.67% increase over the same period in 2011. The Corporation paid a $0.20 per share cash dividend in the third quarter of 2012. Based on the Corporation's average stock price of $23.17 for the month of September 2012, the annualized cash dividend yield was 3.45%.

The Corporation's net income for the first nine months of 2012 was $9.70 million, a $2.20 million or 29.28% increase over the same period in 2011. This increase was primarily the result of strategic restructuring of the investment securities and borrowings in the first quarter and a significant increase in the gains on sale of long term fixed rate residential mortgages on the secondary market. On September 30, 2012, the Corporation’s total assets were $1.39 billion and assets under management - which included loans sold and serviced, and assets managed by the Corporation’s Investment and Trust Services Department of $626 million - were $2.02 billion.

 The Corporation’s loan quality remains strong as evidenced by its low percentage of loans classified as “nonperforming.” As of September 30, 2012, the ratio of “nonperforming” loans to total loans for the Corporation was 0.98%. In comparison, the average percentage for all bank holding companies in the Corporation’s peer group was 2.46% as of June 30, 2012 (peer group ratios are not yet available for September 30, 2012). In addition, the Corporation's risk based capital to risk adjusted total assets ratio of 14.60% at September 30, 2012 is considered to be exceptionally sound when compared to the 8.00% ratio required to be considered as adequately capitalized under the Federal Reserve Board's risk based capital rules.

For further information regarding Isabella Bank Corporation, please visit the website at www.isabellabank.com and click on the Investors Tab.

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in Isabella Bank Corporation's annual report on Form 10-K for the year ended December 31, 2011 and Form 10-Q for the quarter ended September 30, 2012, which are or will be available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.
 

09-28-2012

 Wallace and Smith Graduate from Prestigious Graduate School of Banking at University of Wisconsin-Madison

Steve Pung, President of Isabella Bank, is pleased to announce the graduation of Tom Wallace, President of Isabella Bank’s Northern Division and Jeff Smith, Vice President, Commercial Lending from the prestigious Graduate School of Banking at the University of Wisconsin-Madison. The School was established in 1945 to provide bankers with an opportunity for advanced study and research in banking, economics and leadership.

Wallace is a graduate of Ferris State University, Robert M. Perry School of Banking, Robert M. Perry General Lending School, Rollie Denison Leadership Institute and of Dale Carnegie Executive Development. Wallace is a parenting instructor with Central Michigan Pregnancy Services, classroom volunteer at Ganiard Elementary, member of Central Assembly of God and serves as Central Assembly of God Board Treasurer. Tom and his wife, Leigh, reside in Mt. Pleasant. They have five children and two grandchildren.

Smith is a graduate of Alma College, Rollie Denison Leadership Institute, Dale Carnegie Team Development Process and is currently enrolled in the Dale Carnegie Executive Development Program. Smith is on the City of Mt. Pleasant Planning Commission, board member of Mt. Pleasant Industrial Development Company, Middle Michigan Development Company, Industrial Park North Tax Increment Finance Authority (TIFA), Central Business District TIFA, University Park TIFA, Mission Street Downtown Development Authority, Economic Development Authority, Brownfield Redevelopment Authority, the Michigan Bankers Association Commercial Lending Committee and a Boy Scouts of America Volunteer. Jeff resides in Mt. Pleasant with his two children, Allison and Riley.

Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation with $2.00 billion in assets under management. To learn more visit any of our 25 (soon to be 26) convenient locations throughout mid-Michigan or the company website at www.isabellabank.com.
 

10-05-2012

 Sackett Joins Isabella Bank Greenville Board

Richard Russo, Greenville Division President of Isabella Bank, announced the appointment of a new director, Brian R. Sackett, to the Greenville Board. The decision took place at the August 20, 2012 board meeting and was effective September 17, 2012.

Brian is co-owner of Sackett Potatoes with his father, Alan and his brother, Jeff. Sackett Potatoes is a fifth generation potato farm servicing the potato chip industry. Sackett Potatoes grows 7,000 acres of potatoes and corn in Mecosta, Montcalm, Kent and Ionia Counties. Brian also oversees the farming operations in Pamlico County, North Carolina where 2,500 acres of potatoes, corn and soybeans are grown.

Brian is a member of the Michigan Potato Industry Commission (MPIC) Board of Directors and serves as Chairman of the Storage and Handling Committee. In 2000 and 2009 Brian received Distinguished Service awards from the MPIC for his work with the Storage and Handling Committee. Sackett Potatoes has received numerous awards in their industry including the 2009 Lance, Inc. Supplier of the Year Award, 2006 Master Farmer in Vegetable Crops Award, 2000 Pioneer Hi Bred Safety Award, 1998 National Environmental Stewardship Award and the 1992 Michigan Potato Grower of the Year Award.

Brian and his wife, Abby, reside in Mecosta with their two children.

For further information regarding Isabella Bank Corporation, please visit the company website at www.isabellabank.com and click on Investors.
 

09-14-2012

 Isabella Bank Announces “PROJECT PAPER” For Local Schools

Isabella Bank announced the start of their bank wide social media campaign, “PROJECT PAPER” aimed at supporting local schools in the area. The campaign will run September 15, 2012 – October 15, 2012.

“We have always been strong supporters of financial literacy and our local communities, (so) with the launch of our Facebook fan page we thought this campaign would complement our focus on financial education nicely,” commented Steve Pung, President of Isabella Bank.

Our goal is to get at least 1500 likes on our fan page by October 15th. For every “like” we have on October 15th, we will donate one ream of paper to a local school. If we have 1500 likes, we’ll donate 1500 reams of paper. If we have 3500 likes, we’ll happily donate 3500 reams of paper. The need has never been greater for area schools so this is a great way for all of us to show our support.

For more information about Isabella Bank or PROJECT PAPER, visit www.isabellabank.com, or https://facebook.com/isabellabankmi
 

08-30-2012

 ISBA Announces Third Quarter 2012 Dividend

Richard Barz, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's Board of Directors, at its regular meeting held on August 29, 2012, declared a third quarter cash dividend of $0.20 per share. The dividend will be payable on September 28, 2012 to shareholders of record as of September 25, 2012. This cash dividend represents a 5.26% increase compared to the third quarter dividend of 2011. The closing stock price for ISBA on August 29, 2012 was $23.85.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com. Isabella Bank Corporation common stock is quoted on the OTCQB tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.” 
 

08-02-2012

 ISBA Announces Second Quarter 2012 Earnings

Richard J. Barz, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced today that the Corporation's net income for second quarter 2012 was $3.0 million, a 12.43% increase over the same period in 2011. The Corporation paid a $0.20 per share cash dividend in the second quarter of 2012. Based on the Corporation's average stock price of $24.82 for the month of June 2012, the annualized cash dividend yield was 3.22%.

The Corporation's net income for the first six months of 2012 was $6.23 million, a $1.25 million or 25.10% increase over the same period in 2011. This increase was primarily the result of strategic restructuring of the investment securities and borrowings in the first quarter and a significant increase in the gains on sale of long term fixed rate residential mortgages on the secondary market. On June 30, 2012, the Corporation’s total assets were $1.38 billion, and assets under management - which included loans sold and serviced, and assets managed by the Corporation’s Investment and Trust Services Department of $620 million - were $2.0 billion.

 The Corporation’s loan quality remains strong as evidenced by its low percentage of loans classified as “nonperforming.” As of June 30, 2012, the ratio of “nonperforming” loans to total loans for the Corporation was 0.86%. In comparison, the average percentage for all bank holding companies in the Corporation’s peer group was 3.05% as of March 31, 2012 (peer group ratios are not yet available for June 30, 2012). In addition, the Corporation's risk based capital to risk adjusted total assets ratio of 14.44% at June 30, 2012 is considered to be exceptionally sound when compared to the 10.0% ratio required to be considered as adequately capitalized under the Federal Reserve Board's risk based capital rules.

For further information regarding Isabella Bank Corporation, please visit the website at www.isabellabank.com and click on the Investors Tab.

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in Isabella Bank Corporation's annual report on Form 10-K for the year ended December 31, 2011 and Form 10-Q for the quarter ended June 30, 2012, which are or will be available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.