Isabella Bank Corp(ISBA) - 2023 Q4 - Annual Report

Employment and Workforce - As of December 31, 2023, Isabella Bank had 356 full-time equivalent employees[20] Lending Activities - The bank focuses on lending activities primarily in local markets, with minimal purchased loans from the secondary market[18] - The bank does not engage in leveraged buyouts or foreign corporate loans, maintaining a conservative lending philosophy[18] Deposit Services - Deposit services include checking accounts, savings accounts, and mobile banking, among others[19] - The bank's deposits are insured up to applicable limits by the DIF of the FDIC[30] Regulatory Environment - Regulatory requirements limit the payment of dividends, requiring a surplus of at least 20% of capital after dividend payments[32] - The bank is subject to supervision by the DIFS and the FRB, affecting various aspects of its operations[29] - The bank's ability to pay dividends may be restricted if it fails to meet specified capital levels[33] Monetary Policy Impact - The FRB's monetary policies significantly influence the bank's operating results and future business[23] Customer Service Commitment - The bank is committed to providing high-quality, personalized service in a competitive financial services market[17]