Scoby promoted to Assistant Vice President, Commercial Loans

03-08-2018

Jerome Schwind, President of Isabella Bank announced the promotion of Paul Scoby to Assistant Vice President, Commercial Loans and Business Development.

Scoby earned his bachelor of science in business administration from Central Michigan University. He has also graduated from the Dale Carnegie Team Development and High Impact Leadership programs, Rollie Denison Leadership Institute, Leadership Mecosta, and the Michigan Bankers Association Perry School of Banking. Scoby joined Isabella Bank in 2001. He serves his community as a Mount Pleasant Chamber of Commerce Ambassador, Junior Achievement classroom volunteer, Mount Pleasant Parks & Recreation youth sports coach and as a Kids Hope USA mentor. He is also actively involved as a member of the First Baptist Church of Mount Pleasant. Paul and his wife, Sarah, reside in Mount Pleasant with their two children.

Isabella Bank has 29 locations and a loan production office throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.53 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.”  To learn more, visit www.isabellabank.com.

Colthorp promoted to Assistant Vice President, Hemlock

03-08-2018

Brian Goward, Breckenridge Division President of Isabella Bank announced the promotion of Nora Colthorp to Assistant Vice President of the Hemlock branch. Nora is responsible for overseeing the Hemlock branch operations and servicing consumer and commercial loan needs. 

Colthorp earned her bachelor’s degree in business administration from Central Michigan University.  She graduated from the Michigan Bankers Association Branch Manager Program and several Dale Carnegie Programs.  Currently, she is attending the Perry School of Banking at Michigan State University.  Colthorp joined Isabella Bank in 1996.  Previously, she served as a mortgage processor, underwriter, loan officer, and most recently, branch manager.  Colthorp is actively involved in her community serving as the Hemlock Lions Club treasurer, Hemlock Business Association vice president, Lafayette Township board member, and treasurer for the Breckenridge Community Schools Board. Nora and her husband, Dave, reside in Breckenridge.  They have two children.

Isabella Bank has 29 locations and a loan production office throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.53 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.”  To learn more, visit www.isabellabank.com.

Moore promoted to Clare Branch Officer

03-08-2018

Jerome Schwind, President of Isabella Bank announced the promotion of Scott Moore to Clare Branch Officer. Scott is responsible for overseeing the Clare branch operations and servicing consumer loan needs. 

Moore earned his bachelor’s degree from Central Michigan University. He graduated from the Dale Carnegie Executive Leadership and Trusted Advisor programs. Moore joined Isabella Bank in 2013. He has 25 years of banking experience including business development, commercial lending, and most recently branch manager. He is actively involved in Clare County, serving on the Pioneers are Leaders committee, and board member for the Clare Rotary and Clare Industrial Development board. Scott and his wife, Liz, reside in Clare with their two children.

Isabella Bank has 29 locations and a loan production office throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.53 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.”  To learn more, visit www.isabellabank.com.

Vondette promoted to Saginaw and Midland Commercial Lender

03-07-2018

Michael Colby, President of Isabella Bank East Division announced the promotion of Justin Vondette to Commercial Lender for Saginaw and Midland.

Vondette earned his bachelor’s degree in business administration from Saginaw Valley State University. He is a graduate of the Michigan Bankers Association Commercial Lending School, Midwest Agricultural Banking School, and completed the Dale Carnegie Trusted Advisor Program.

Vondette has been with Isabella Bank since 2012, serving as a commercial credit analyst, commercial and ag lender. Vondette volunteers his time with United Way and is eager to get involved in the Midland and Saginaw Young Professionals.  He resides in Shields.

Isabella Bank has 29 locations and a loan production office throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.53 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.”  To learn more, visit www.isabellabank.com.

Matthews named Chief Credit Officer

02-16-2018

Jerome Schwind, President of Isabella Bank announced the promotion of Greg Matthews to Chief Credit Officer. 

Matthews earned his bachelor’s degree in business administration from Saginaw Valley State University and graduated from the Graduate School of Banking at Louisiana State University and the Dale Carnegie Team Development Program.  Matthews joined Isabella Bank in 2013, serving as their Commercial Credit Administrator.  He has been in the banking industry for 31 years, spending 20 years in commercial lending and 11 years in credit administration.  Greg resides in Mount Pleasant, with his wife, Charlene.

Isabella Bank has 29 locations and a loan production office throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.53 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.”  To learn more, visit www.isabellabank.com.

Wayne Promoted to Branch Supervisor

07-07-2017

Keith Kenney, President of Isabella Bank Mecosta Division is proud to announce the promotion of Katie Wayne to Big Rapids East Branch Supervisor.  Her primary responsibilities include helping the local community with their banking needs and overseeing the daily branch operations. 

Wayne has three years of banking experience.  She earned her Bachelors of Advertising from Ferris State University and a certificate in Direct Marketing. 

In addition to her professional achievements, she is the treasurer and committee member of Cub Scout 174.  Katie and her two sons, Benjamin and Bradley, reside in Reed City.

Isabella Bank has 29 locations and a loan production office throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.43 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.” To learn more, visit www.isabellabank.com.

ISBA Announces Third Quarter 2017 Dividend

08-24-2017

Isabella Bank Corporation (OTCQX:ISBA), announced today that the Board of Directors of the Corporation declared a third quarter cash dividend of $0.26 per common share at its regular meeting held on August 23, 2017.  The dividend will be payable on September 29, 2017 to shareholders of record as of September 27, 2017.  Based on ISBA’s closing stock price of $28.25 as of August 23, 2017, the annualized cash dividend yield is 3.59%.

 “I am pleased to announce our third quarter dividend which represents a 4.00% increase over the cash dividend paid for the third quarter of 2016. The Bank’s continued efforts of exceptional customer service and community support are key drivers to the Corporation’s 2017 success”, commented Jae A. Evans, President and Chief Executive Officer of Isabella Bank Corporation.

 Headquartered in Mt. Pleasant, Michigan, Isabella Bank Corporation is the bank holding company for Isabella Bank.  Founded in 1903 with a focus on community banking, Isabella Bank operates 29 banking offices and a loan production office in seven counties including Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

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

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 the sections entitled "Risk Factors" and "Forward-Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

Schultz Joins Isabella Bank as Saginaw Mortgage Originator

08-18-2017

Michael Colby, President of Isabella Bank East Division announced the addition of Laura Schultz as Mortgage Originator.

Schultz earned her bachelor’s degree in business from Baker College in Flint and completed the Dale Carnegie Team Development Program.  She has been in the banking industry for over 21 years, holding various positions including underwriter, processor, and loan originator.  Schultz is an active member of Christ Lutheran Church, Community Action with the Saginaw Board of Realtors, Christmas Drive for Kids, and the Backpack Program through Department of Health Services.  Laura resides in Birch Run with her husband.  She has one daughter who lives in Mount Pleasant.

Isabella Bank has 29 locations and a mortgage origination office throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.48 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.”  To learn more, visit www.isabellabank.com.

Powell Promoted to Branch Manager

06-16-2017

Keith Kenney, President of Isabella Bank Mecosta Division is proud to announce the promotion of Dee Powell to Branch Manager of Remus.  Her primary responsibilities include helping the local community with their banking needs and overseeing the daily branch operations. 

Powell has four years of banking experience, including the last two years as Big Rapids East Branch Supervisor.  Powell earned her Bachelors of Arts in Psychology (Cum Laude) from University of South Carolina, Associates of Arts in Business Administration from Lansing Community College, and is working on her MBA program from Central Michigan University.  Powell has completed the Dale Carnegie Team Development Process and American Bankers Association Supervisor Program.

In addition to her professional achievements, she volunteers at St. Michael’s Parish, Mecosta County Commission on Aging, teaches financial literacy at local schools, and is a coach and volunteer for Special Olympics Michigan.  Dee and her husband, Chris, reside in Remus.

Isabella Bank has 29 locations and a loan production office throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.43 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.” To learn more, visit www.isabellabank.com.

Schmidtke Joins Isabella Bank as Canadian Lakes Branch Manager

03-24-2017

Keith Kenney, President of Isabella Bank Mecosta Division is pleased to welcome Laurie Schmidtke, Branch Manager of Canadian Lakes.  Her primary responsibilities will include helping the local community with their banking needs and overseeing the daily branch operations. 

Schmidtke has over 30 years of banking experience, including the last twelve years as a branch sales manager.  She has completed the Dale Carnegie Team Development Program. 

In addition to her professional achievements, she is eager to get involved with the Mecosta County Senior Center and Animal Rescue Coalition of Mecosta County.

Laurie resides in the Jehnsen Lake area with her husband of 28 years, Steve.  She enjoys spending time with her two dogs, kayaking, fishing, and cross-country skiing. 

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Isabella Bank Corporation has $2.43 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.” To learn more, visit www.isabellabank.com.

Thielen Promoted to Vice President Consumer Loans

03-10-2017

Jerome Schwind, President and Chief Operations Officer of Isabella Bank announced the promotion of Leslie Thielen to Vice President, Consumer Loans. 

Thielen’s primary responsibilities are to oversee the day-to-day activities of the department and to assist customers with their consumer lending needs.  She has been with Isabella Bank since 2004.  Leslie graduated from Central Michigan University, Michigan Bankers Association Perry School of Banking, Rollie Denison Leadership Program, and the Dale Carnegie Team Development Program.  She is a member of the Central Michigan Association of Realtors, Home Builders Association of Central Michigan, and the Finance Council at St. Joseph the Worker.  Leslie and her husband, Ben, reside in Mount Pleasant with their three children. 

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.42 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.”  To learn more, visit www.isabellabank.com.

Lanning Joins Isabella Bank as Trust Advisor

02-10-2017

Jerome Schwind, President and Chief Operations Officer of Isabella Bank announced the addition of Thomas Lanning, Trust Services Advisor.  His primary responsibility will include trust services in the Great Lakes Bay Region.

Lanning has 10 years of financial experience in wealth management and banking.  He holds Series 7 and Series 63 investment licenses and licensed in life and health insurance.  Thomas earned his Bachelor’s degree from Northwood University.

In addition to his professional achievements, he is actively involved at St. Agnes Catholic Church in Freeland.  Thomas and his wife, Sheri, reside in Freeland with their four children. 

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.40 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.”  To learn more, visit www.isabellabank.com.

Colby Joins Isabella Bank as East Division President

01-12-2017

Jerome Schwind, President and Chief Operations Officer of Isabella Bank announced the addition of Michael Colby, East Division President.  His primary responsibilities will include the day-to-day management and community development for the Freeland, Saginaw, and Midland locations. 

Colby has 26 years of banking experience including commercial credit, corporate loan review, credit underwriting, and commercial lending.  Most recently, Colby served as the Executive Vice President Business Lending Manager for an area bank.  Colby received his Bachelor’s degree in Business Administration from Central Michigan University.  He graduated from Great Lakes Bay Leadership Institute, Leadership Saginaw, and the 1,000 Leaders Initiative through Saginaw County Vision 20/20.

In addition to his professional achievements, Michael is an active member in the community.  He is a board member of Great Lakes Bay Michigan Works, member of the Saginaw Catholic Diocese Interparish Deposit and Loan Committee, Saginaw and Bay City Chamber of Commerce, Associated Builders and Contractors, One-Hundred Club, former board chair of Children’s Zoo, and board member of the Saginaw Northwest Kiwanis.

Michael and his wife, Michelle, live in Saginaw.  They have two children in high school. 

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.40 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.”  To learn more, visit www.isabellabank.com.

Hollenbeck and VanderLaan Join Isabella Bank Greenville Board

01-06-2017

David Seppala, President of Isabella Bank Greenville Division announced the appointment of Blake Hollenbeck and Kathy Jo VanderLaan to the Board, effective December 19, 2016. 

Mr. Hollenbeck has 30 years of experience in the automotive industry.  He has owned and operated Blake Hollenbeck Auto Sales since 1998.  Hollenbeck has earned the Degree of Excellence State Quality Dealer (2015), Michigan Independent Automobile Dealers Association Dealer of the Year Award (2014), and was recognized as the Greenville Area Chamber of Commerce Small Business Person of the Year (2012).  In addition to his professional commitments, Hollenbeck is involved in the Greenville Area Chamber of Commerce, Greenville Public Schools, and participated in the Montcalm Area Intermediate Schools Career Showcase since 2001.  Hollenbeck also serves his community with several local non-profit organizations.  Blake and his wife, Shirley, reside in Sidney.  They have five daughters and two granddaughters. 

Ms. VanderLaan has 21 years of business development experience.  VanderLaan has worked as the Executive Director of the Greenville Area Chamber of Commerce, business services manager for Michigan Works, and currently serves in an economic development role for The Right Place, Montcalm Economic Alliance.  VanderLaan earned her Bachelor’s degree in Speech, Communications, and Theatre from Albion College, Associate’s degree in Fine Arts from Grand Rapids Junior College, and completed Leadership Montcalm.  She is a Certified Business Solutions Professional through Michigan Works.  She received the Marian Kemp Outstanding Citizen Award (2013) from the Greenville Area Chamber of Commerce, Danish Festival Grand Marshall (1998), and Greenville Woman of the Year (1996).  VanderLaan currently serves as the chair for Have Mercy of Ionia and Montcalm Counties.  Kathy Jo and her husband, Jim reside in Greenville.  They have two children in college.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.40 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.”  To learn more, visit www.isabellabank.com.

ISBA Announces Increase to Share Repurchase Program

12-28-2016

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (OTCQX:ISBA), announced that the Board of Directors at its December 21, 2016 Board meeting approved a resolution to increase its share repurchase program by an additional 200,000 shares, raising the aggregate authorization under the program to 209,557 shares. The Corporation has repurchased to date 1,233,017 shares under the existing authorization.

The authorization does not have an expiration date. Stock repurchases under the program may be made from time to time, as the Corporation deems appropriate, based on factors such as share price, market conditions, share availability, purchase needs under the Corporation's employee stock purchase and dividend reinvestment plan and other relevant factors. There can be no assurance as to the number of shares the Corporation will purchase, if any, and the program may be modified, renewed, suspended or terminated by the Corporation at any time without prior notice.

Headquartered in Mt. Pleasant, Michigan, Isabella Bank Corporation is the bank holding company for Isabella Bank. Founded in 1903 with a focus on community banking, Isabella Bank operates 29 banking offices in seven counties including Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

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

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 the sections entitled "Risk Factors" and "Forward-Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

Prisby Joins Isabella Bank as Vice President, Corporate Treasurer

12-16-2016

Jae Evans, Chief Executive Officer of Isabella Bank Corporation (ISBA), announced the addition of Michael Prisby, Vice President, and Corporate Treasurer.  His primary responsibilities will include the development, implementation, and monitoring of the Bank’s balance sheet strategies to ensure they are consistent with the Corporation’s long-term financial goals.  He will also oversee the management of the institution’s liquidity portfolio, investments, and asset-liability committee. 

Prisby has over 20 years in the banking and investing industry.  Prisby received his Bachelor of Science in Business Administration from John Carroll University.  In addition, he graduated from Cannon Trust School and is a board member at Citizens Savings Foundation.

Michael and his wife, January, have two daughters, Ashleigh and Emilee. 

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.40 billion in assets under management and more than 400 employees. For the past four years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.”  To learn more, visit www.isabellabank.com.

ISBA Announces Fourth Quarter 2016 Dividend

11-23-2016

Isabella Bank Corporation (OTCQX:ISBA), announced today that the Board of Directors of the Corporation declared a fourth quarter cash dividend of $0.25 per common share at its regular meeting held on November 22, 2016.  The dividend will be payable on December 30, 2016 to shareholders of record as of December 27, 2016.  Based on ISBA’s closing stock price of $27.80 as of November 21, 2016, the annualized cash dividend yield is 3.53%. 

“I am pleased to announce our fourth quarter cash dividend which represents a 4.17% increase over the cash dividend paid for the fourth quarter of 2015.  We are committed to providing shareholder value which has been evidenced by our 35 consecutive years of dividend growth”, commented Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation. 

Headquartered in Mt. Pleasant, Michigan, Isabella Bank Corporation is the bank holding company for Isabella Bank.  Founded in 1903 with a focus on community banking, Isabella Bank operates 29 banking offices in seven counties including Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

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

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 the sections entitled "Risk Factors" and "Forward-Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

ISBA Announces Third Quarter 2016 Earnings

10-27-2016

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (OTCQX:ISBA), announced the Corporation’s third quarter 2016 earnings results. The Corporation reported net income of $3.59 million for the quarter ended September 30, 2016. “The continued growth in our loan portfolio has led to another successful quarter,” stated Jae Evans, Chief Executive Officer for Isabella Bank Corporation. “Although the interest rate environment continues to be a challenge on our net interest margin, our growth strategies continue to deliver positive results.”

Net Income
The Corporation's third quarter 2016 net income of $3.59 million resulted in earnings per common share of $0.46, compared to $4.06 million and $0.52 for the third quarter 2015.  During the nine month periods ended September 30, 2016 and 2015, we reported net income of $10.02 million and $11.83 million, and earnings per common share of $1.28 and $1.52, respectively.  While interest income for the first nine months of 2016 increased $1.43 million in comparison to the same period in 2015, the decrease in net income and earnings per common share is due primarily to changes in the provision for loan losses.  During the first nine months of 2016, an increase in gross loans during the period of $138.87 million, offset by improvements in various credit quality indicators and increased net loan recoveries, resulted in recording a provision for loan losses in the amount of $185,000.  By contrast, during the first nine months of 2015, a reduction in gross loans during the period of $235,000, coupled with significant improvements in various credit quality indicators, resulted in a reversal of the provision for loan losses in the amount of $2.00 million. 

Assets
As of September 30, 2016, total assets increased to $1.71 billion and assets under management grew to $2.41 billion - which includes loans sold and serviced, and assets managed by the Corporation's Investment and Trust Services Department of $699.61 million.

Loans
The Corporation's $138.87 million growth in the loan portfolio over the nine month period ended September 30, 2016 was largely driven by an increase in the commercial loan portfolio of $106.47 million.  During the third quarter of 2016, the Corporation entered into a participation agreement to fund advances to mortgage originators which contributed $27.83 million of the growth in the commercial loan portfolio. Strategies the Corporation implemented during the second quarter of 2016 related to residential mortgage and consumer loans also contributed to the increased volume. Residential mortgage loans and consumer loans at the end of the third quarter 2016 were $260.12 million and $40.76 million, compared to $251.50 million and $34.70 million, respectively, as of December 31, 2015.

Net Interest Income
During the first nine months of 2016, net interest income increased $974,000 in comparison to the same period in 2015, primarily as a result of the loan growth described above which increased interest income by $1.44 million.
The Corporation's net yield on interest earning assets remained historically low at 3.00% for the nine month period ended September 30, 2016.  With no anticipated increases in short term interest rates by the Federal Reserve Bank, significant improvements in the net yield on interest earning assets are not expected in the short term.  An increase in net interest income will occur only through continued strategic growth in loans, investments, and other income earning assets. 

Dividend
During the third quarter of 2016, the Corporation paid a $0.25 per common share cash dividend which represented a 4.17% increase over the per common share cash dividend for the third quarter of 2015. Based on the Corporation's closing stock price of $27.70 as of September 30, 2016, the annualized cash dividend yield was 3.50%.

About the Corporation
Isabella Bank Corporation (OTCQX: ISBA) is headquartered in Mt. Pleasant, Michigan and employs more than 400 individuals.  Isabella Bank, the Corporation’s banking subsidiary, has 29 locations throughout seven Mid-Michigan counties and has been recognized on the Detroit Free Press list of “Top 100 Workplaces” for the past three years.

For further information regarding Isabella Bank Corporation, please visit isabellabank.com.


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 the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

Isabella Bank Promotes Earegood to Branch Manager

8-18-2016

Brian Goward, Division President of Isabella Bank announced the promotion of Elizabeth Earegood to Branch Manager at Ithaca. Her primary responsibilities will include helping the local community with their banking needs and overseeing the daily branch operations. Barb McKenzie will remain focused on serving the needs of agricultural and commercial customers out of the Ithaca Office.

Elizabeth joined Isabella Bank in 2009. She graduated from Central Michigan University with a Bachelor's degree in Integrated Leadership Studies.

In addition to her professional achievements, Elizabeth has a passion for serving her community. She volunteers for a variety of community organizations including Breckenridge Community Schools and several private benefit auctions. She is eager to get involved in The United Way of Isabella and Gratiot Counties and the Ithaca community.

Elizabeth resides in St. Louis. She enjoys spending time with her dog, hunting, fishing, and enjoying nature.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Isabella Bank Corporation has $2.36 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of "Top Workplaces." To learn more, visit www.isabellabank.com.

Greening Joins Isabella Bank

7-21-2016

Jerome E. Schwind, President of Isabella Bank, is pleased to welcome Kathryn "Kathy" Greening, Mortgage Loan Officer for the Breckenridge area. In her position, Kathy will focus on identifying, developing, and strengthening relationships for growth in mortgage lending; while also increasing product awareness in the Gratiot County area.

Greening has been in the banking industry for 30 years with 25 years in mortgage lending. Kathy holds an Associate Degree in Business Administration from Delta College and has attended Davenport University.

Volunteer work is very important to Kathy. She has been very active in the Gratiot County Habitat for Humanity as a committee member for Family Selection, United Way as a board member, the Exchange Club of Gratiot County, the Women's Resource Center, the Court Appointed Special Advocate (CASA) Program as a volunteer, and is also a member of the Elks Club of Alma. In addition to volunteering, Kathy enjoys doing yoga, kayaking, and biking. She lives in the Midland area.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Isabella Bank Corporation has $2.36 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of "Top Workplaces." To learn more, visit www.isabellabank.com.

Rousse Joins Isabella Bank

6-24-2016

Jerome E. Schwind, President of Isabella Bank, is pleased to welcome Tim Rousse, Mortgage Loan Officer for the Saginaw area. In his position, Tim will focus on identifying, developing, and strengthening relationships for growth in mortgage lending; while also increasing product awareness in the Saginaw area.

Rousse has been a loan officer since 1999 and has 13 years of experience in Mortgage banking. Tim attended Orange Coast College and has been in the financial services industry for 28 years. He holds a series 6 and 63 license as a certified financial advisor.

Tim is very involved in Saginaw Valley State University's (SVSU) softball. He previously held the head coach position for SVSU and took his team to the College World Series which was the only appearance in the school's history. Tim is an active volunteer at St. Catherine of Siena Church. He and his wife, Jodi, live in Bay City. They have two daughters; Mackenzie and Meredith.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Isabella Bank Corporation has $2.36 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of "Top Workplaces." To learn more, visit www.isabellabank.com.