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.

Braddock Joins Isabella Bank

6-03-2016

Jerome E. Schwind, President of Isabella Bank, is pleased to welcome Sheilda Braddock, Community Development Liaison. In her position, Sheilda will focus on strengthening the bank's relationships and increase product awareness for the Saginaw area residents.

Braddock received her Bachelor of Arts degree in Social Work from Saginaw Valley State University (SVSU) and has 25 years of experience with non-profit administration along with 4 years of private philanthropic administration. Sheilda is also certified in non-profit management through the Office of Continuing Education and Professional Development at SVSU.

During her career, Sheilda has been very involved in the community. She currently is a member of the Board of Directors for the SVSU Foundation and the Luther Social Services of Michigan Foundation. She serves on the grant review committee for YWCA – Great Lakes Bay Region and the community improvement initiative committee for Saginaw Community Foundation. Because of her involvement, she has received the YWCA Great Lakes Bay Region Lifetime Achievement award, The Kenneth E. Untener Cup and the Great Women of the Great Lakes Bay Region. Sheilda lives in the city of Saginaw and has three children and four grandchildren.

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 $2.37 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 100 Workplaces." To learn more, visit www.isabellabank.com.

ISBA Announces Second Quarter 2016 Dividend

6-01-2016

Isabella Bank Corporation (OTCQX:ISBA), announced today that the Board of Directors of the Corporation declared a second quarter cash dividend of $0.24 per common share at its regular meeting held on May 25, 2016. The dividend will be payable on June 30, 2016 to shareholders of record as of June 27, 2016. The closing stock price for ISBA on May 31, 2016 was $28.00. Based on the Corporation's average stock price of $27.83 for the month of May 2016, the annualized cash dividend yield was 3.45%.

"I am pleased to announce our second quarter cash dividend which represents a 4.35% increase over the cash dividend paid for the second quarter of 2015. We are committed to providing shareholder value which has been evidenced by our 34 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).

Forward-Looking Statements

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 Relocates Race and Promotes France-Dice

5-05-2016

Jerome E. Schwind, President of Isabella Bank, is pleased to announce a relocation for Melissa Race to the Branch Manager position at the Weidman office and the promotion of Anna France-Dice to the Branch Manager position for the Bank's second location in Midland at 210 S. Saginaw Road.

Melissa Race

Race is responsible for providing direction and supervision of the day-to-day operations at the Weidman office. She joined Isabella Bank in 2007 and has extensive knowledge of the Bank's branch operations. She attended Isabella Bank's internal training program – Isabella University and graduated from the Dale Carnegie Team Development Program. Melissa has also served as a coach for the Dale Carnegie Leadership Program and received the 2013 Izzy Award from Isabella Bank recognizing her commitment to exceptional customer service. Melissa and her husband, Andrew, live in the Mt. Pleasant area.

Anna France-Dice

France-Dice was promoted to Branch manager, replacing Melissa Race who relocated to Weidman. She will manage the everyday operations overseeing and directing the staff at the branch on S. Saginaw Road. Anna joined Isabella Bank in 2014 and has 2½ years banking experience with deposit accounts, loan processing, and in customer service. She is currently a member of Isabella Bank's internal training program – Isabella University. Community involvement and development is very important to Anna. She volunteers with Northwood University, Midland Chamber of Commerce, Midland Salvation Army, American Cancer Society, Junior Achievement, and Habitat for Humanity. She is a member of the Midland Area Chamber of Commerce and the Center City Authority Marketing team. Anna lives in Midland with her family including three children: Lilli (9), Lia (7) and Henry (5).

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 $2.37 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.

ISBA Announces First Quarter 2016 Earnings

4-28-2016

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (OTCQX:ISBA), announced the Corporation's first quarter 2016 earnings results.

The Corporation's first quarter 2016 net income was $3.02 million, with earnings per common share of $0.39. As of March 31, 2016, total assets increased to $1.68 billion and assets under management grew to $2.37 billion - which includes loans sold and serviced, and assets managed by the Corporation's Investment and Trust Services Department of $690.84 million. During the quarter, the Corporation paid a $0.24 per common share cash dividend which represented a 4.35% increase over the per common share cash dividend for the first quarter of 2015. Based on the Corporation's average stock price of $27.75 for the month of March 2016, the annualized cash dividend yield was 3.46%.

During the first three months of 2016, interest income increased by $328,000 in comparison to the same period in 2015. Net income for the same period of 2016 declined in comparison to 2015 as a result of growth in the loan portfolio which contributed to an increase in the provision for loan losses. For the three month period ended March 31, 2016, the provision for loan losses was $156,000. Net loans charged-off during the first three months of 2016 were $56,000 as compared to net loan recoveries of $226,000 in the first three months of 2015. During the first quarter of 2015, the Corporation began to see a significant improvement in loan credit quality indicators through low levels of loans classified as less than satisfactory in addition to those considered to be nonperforming. This improvement along with net recoveries and a reduction in gross loans, resulted in a reversal of provision for loan losses of $726,000 for the three month period ended March 31, 2015.

The Corporation's total loan portfolio at March 31, 2016 increased by $19.80 million from December 31, 2015 which was largely driven by growth in the commercial loan portfolio. Growth in the residential mortgage and consumer loan portfolios continues to be challenging. However, the Corporation is implementing new strategies and improving the overall process related to residential mortgage loans which is expected to lead to increased volume. In the second quarter of 2016, the Corporation will be streamlining delivery channels for direct and indirect loans in order to attract new customers and generate growth in the consumer loan portfolio.

The Corporation's net yield on interest earning assets remained historically low at 2.98% for the three month period ended March 31, 2016. With no anticipated increases in short term interest rates by the Federal Reserve Bank, no significant improvements in the net yield on interest earning assets are expected in the short term. Growth in net interest income will increase only through continued growth in loans, investments, and other income earning assets. The Corporation is committed to increasing earnings and dedicated to providing long term sustainable growth to enable us to increase shareholder value.

The Corporation's dedication to its customers and their communities was recently recognized by the Michigan Bankers Association. Isabella Bank, the Corporation's banking subsidiary, was awarded the Michigan Bankers Association Financial Literacy Award for the fifth consecutive year.

For further information regarding Isabella Bank Corporation, please view our Corporate Profile.

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 Ross and Welcomes Brick

4-15-2016

Jerome E. Schwind, President of Isabella Bank, is pleased to announce the promotion of Erika Ross to Vice President of Operations and welcome Jenn Brick, Assistant Vice President Director of Marketing.

Erika Ross

In her new position, Erika is responsible for overall coordination and management of select Bank operations and functions. She will also be establishing and overseeing new initiatives for Isabella Bank. Ross is a Central Michigan University (CMU) graduate with a Bachelor of Science degree in Business Administration - Finance. She has also completed Graduate School of Banking at the University of Wisconsin, Dale Carnegie Executive Leadership and Team Development Programs, and the Mt. Pleasant Chamber of Commerce Rollie Denison Leadership Program.

Ross joined the Bank in 2005 and has 15 years of experience in the banking industry. Erika is an active community member who volunteers for the Mt. Pleasant Area Community Foundation Scholarship Committee, Junior Achievement, Ganiard Elementary PTO and a coach for Odyssey of the Mind. She and her husband, Brian, live in the Mt. Pleasant area with their two sons; Wyatt and Ben.

Jenn Brick

Jenn, as Marketing Director, will be responsible for managing the marketing and public relations functions for the Bank. Her focus will be brand and product positioning for Isabella Bank within the Bank's footprint. She holds a Bachelor of Science degree in Management and Marketing. She also has a Master's in Business Administration from Northwood University. She is also a graduate from the 2015 Chamber of Commerce Leadership Midland.

Brick has over 14 years in the banking industry with 10 years being focused in marketing. She believes in being involved in the community and is treasurer for Bullock Creek Youth Football, a member of the Leadership Midland Steering Committee, Midland County 4-H and the Midland Community Foundation's scholarship selection. She and her husband, Todd, live in Midland with their son Haden.

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.

Isabella Bank Promotes Anna to Assistant Vice President of Core Systems

3-24-2016

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (OTCQX:ISBA), is pleased to announce Shana Anna's promotion to Assistant Vice President (AVP), Core Systems. In her new role, Shana will be responsible for day-to-day operations related to Core and Complimentary products including new hardware/software implementations, maintenance, and support as well as oversee the mail room processes.

Shana joined Isabella Bank in the Information Technology (IT) Department in 2005 and has 18 years of IT experience.

She has an Associate Degree in Data Processing from Montcalm Community College. Shana has a Supervisor's Certification from the American Bankers Association and the Fred Pryor Seminars Program. She is a graduate from the Dale Carnegie Team Development Program. Shana holds a certificate in Risk and Information Systems Control (CRISC) which focuses on: risk identification, assessment and evaluation, risk response, risk monitoring, Information Systems (IS) control design and implementation and IS control monitoring and maintenance.

Shana resides in Ithaca with her husband, Jeff. They have four children: Emilee (Trento) Barnes, Karlene (Trevor) Rench, David and Julie.

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).

Isabella Bank Promotes Shelley Hobbs to Vice President

3-17-2016

Jerome E. Schwind, President of Isabella Bank, is pleased to announce the promotion of Shelley Hobbs to Vice President. In her new role, Shelley will be responsible for the day-to-day management and community development for the Midland and Saginaw offices.

Shelley joined Isabella Bank in 2010. She has 36 years of banking experience in the Great Lakes Bay Region with 31 years in retail banking and 5 years in Wealth management as a Private Banker. Shelley earned her Bachelor of Arts degree from Northwood University and is a graduate of the Dale Carnegie Team Development and High Impact Leadership programs and the Midland Chamber of Commerce Leadership Program. She received the 2015 Member of the Year award from the Home Builders Association and Outstanding Member for the first quarter in 2016 for the Midland Area Chamber of Commerce.

In addition to her professional achievements, Shelley has a passion for serving her community. She is a board member for the Chamber of Commerce Governmental Issues and is also an Ambassador. She also volunteers as a board member for the Midland Area Homes/Housing Assistance Center and for the Affordable Housing Alliance of Midland County. She serves on several committees: Midland's Open Door, the local Soup Kitchen, and as a panel advisor for United Way of Midland County. Shelley is an active participant in the Leadership Midland Alumni Association and an active member at her parish, Blessed Sacrament in Midland.

Shelley resides in Midland with her husband, Brad, of 33 years. They have two grown sons: Aaron and Cody.

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.

Isabella Bank Promotes Mease to Vice President, Investment and Trust

3-17-2016

Jerome E. Schwind, President of Isabella Bank, is pleased to announce the promotion of Michelle Mease to Vice President, Investment and Trust. Michelle is responsible for trust and estate administration, investment management and business development.

Michelle graduated from Central Michigan University with her Bachelor of Science Degree in Business Administration, with a major in Personal Financial Planning. She continued her education at Cannon Financial Institute to obtain her designation as a Certified Trust and Financial Advisor.

Michelle began her career with Isabella Bank in 1994 as a financial professional. She has worked in Investment and Trust Services since 2000 and previously worked in the bank as a Financial Advisor holding the Series 7 and 63 securities licenses. She is a graduate from the Mt. Pleasant Chamber of Commerce Rollie Denison Leadership Institute and is a graduate of the Dale Carnegie's Team Development, High Impact Presentations, and High Impact Leadership programs. She is a member and serves on the board of the Northeastern Michigan Estate Planning Council.

Michelle and her husband, Patrick, reside in the Mt. Pleasant area with their children, Grace and Sam.

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.

Isabella Bank Promotes Don Forster to Vice President

3-17-2016

Jerome E. Schwind, Jerome E. Schwind, President of Isabella Bank, is pleased to announce the promotion of Don Forster to Vice President, Collections. Don is responsible for the Special Asset Division with a primary focus on managing the Bank's commercial portfolio.

Don began his career at Isabella Bank in 1985. He has his Bachelor's degree from Michigan State University (MSU). He has worked in the banking industry over 38 years with 30 of those years at Isabella Bank. Don is a graduate of the Dale Carnegies Team Development Program.

In addition to his professional achievements, Don has volunteered for several community churches and other local organizations including the Historic Commission in Owosso. He and his wife of 34 years, Joni, have two grown 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 $2.36 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.

ISBA Announces First Quarter 2016 Dividend

2-26-2016

Isabella Bank Corporation (OTCQX:ISBA), announced today that the Board of Directors of the Corporation declared a first quarter cash dividend of $0.24 per common share at its regular meeting held on February 24, 2016. The dividend will be payable on March 31, 2016 to shareholders of record as of March 26, 2016. The closing stock price for ISBA on February 24, 2016 was $27.70.

"I am pleased to announce our first quarter dividend for 2016 which represents a 4.35% increase over the cash dividend from the first quarter of 2015," 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).

Forward-Looking Statements
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 Corporation Named to 2016 OTCQX Best 50

2-19-2016

Isabella Bank Corporation (OTCQX: ISBA) is pleased to announce it has been named to the 2016 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2016 OTCQX Best 50 were ranked based on their performance in 2015.

"We are honored to be recognized as one of the 2016 OTCQX Best 50," stated Jae Evans, CEO of Isabella Bank Corporation. "Our strong financial success in 2015 reflects our commitment to increasing shareholder value while remaining committed to our core values and community-focused culture."

View the complete 2016 OTCQX Best 50 rankings.

The OTCQX Best Market offers the best informed and most efficient trading for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, demonstrate compliance with U.S. securities laws, be current in their disclosure and be sponsored by a professional third-party advisor. OTCQX companies are distinguished by the excellence of their operations and diligence with which they convey their qualifications.

Isabella Bank Corporation

Isabella Bank Corporation is the parent company of Isabella Bank, which operates 29 banking offices throughout seven Mid-Michigan counties. Founded in 1903, the Bank provides deposit, loan, investment, trust, and electronic banking services to consumer and business customers. Isabella Bank has earned a five-star rating from Bauer Financial, Inc. and the Corporation has been recognized as a Top100 Workplace by the Detroit Free Press. The Corporation is committed to increasing shareholder value as evidenced by their history of 34 consecutive years of increased dividends. To learn more, visit any of their 29 convenient locations or www.isabellabank.com.

ISBA Announces 2015 Earning

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (OTCQX:ISBA), announced the Corporation's 2015 earnings today which included record net income and earnings per common share.

The Corporation's net income and earnings per common share for the year ended December 31, 2015 were $15.13 million and $1.95, compared to $13.72 million and $1.77 for the year ended December 31, 2014. During the fourth quarter, the Corporation paid a $0.24 per common share cash dividend which represented a 4.35% increase over the per common share cash dividend for the fourth quarter of 2014. Cash dividends per common share totaled $0.94 in 2015 and $0.89 in 2014, continuing the Corporation's 34 consecutive years of dividend growth. Based on the Corporation's average stock price of $27.32 for the month of December 2015, the annualized cash dividend yield was 3.44%.

During 2015, total assets grew by 7.65% to $1.67 billion and assets under management - which includes loans sold and serviced, and assets managed by the Corporation's Investment and Trust Services Department of $692.14 million - grew to $2.36 billion. Contributing to the Corporation's growth were increases in the commercial and agricultural loan portfolios of $26.30 million as well as $92.60 million in the available-for-sale securities portfolio. Balance sheet growth will continue to be the Corporation's focus to increase net interest income.

The growth in earnings during 2015 was primarily attributable to increased net interest income and improvements in credit quality. During 2015, the Corporation realized net loan recoveries of $71,000, compared to net loan charge-offs of $732,000 in 2014. Total loans past due as a percent of gross loans declined to 0.56% as of December 31, 2015 when compared to 1.09% as of December 31, 2014. Additionally, loans classified as less than satisfactory declined significantly during 2015. These factors resulted in a reduction in the level of the allowance for loan losses in both amount and as a percentage of gross loans. As a result, the reversal of provision for loan losses were $2.77 million during the year ended December 31, 2015.

The Corporation recently participated in the OTCQX Banks Virtual Investor Conference, an event that features live webcast presentations by senior management of U.S. community banks that trade on the OTCQX Banks marketplace. An on-demand replay of the presentation can be viewed by visiting the OTC Markets website (www.otcmarkets.com).

For further information regarding Isabella Bank Corporation, please view our Corporate Profile.