Isabella Bank Corporation (ISBA) Balance Sheet
ISBA balance sheet, 2025
December 31, 2025 · U.S. dollars$2.21B assets = $1.98B liabilities + $231.4M equity
Both columns are drawn to the same scale: what ISBA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ISBA financial health
Descriptive bands, not a rating. Fiscal 2025.
ISBA balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.73B2016 | $2.21B2025 | +2.7%/yr | |
| Total liabilities | $1.54B2016 | $1.98B2025 | +2.8%/yr | |
| Shareholders’ equity | $187.9M2016 | $231.4M2025 | +2.3%/yr | |
| Cash & short-term investments | $581.0M2016 | $226.9M2025 | −9.9%/yr | |
| Total debt | $337.7M2016 | $142.5M2025 | −9.1%/yr | |
| Net cash (debt) | $243.3M2016 | $84.3M2025 | −$159.0M | |
| Working capital | −$698.2M2016 | −$1.66B2025 | −$962.6M | |
| Book value per share | $23.492016 | $31.352025 | +3.3%/yr | |
| Debt / equity | 1.802016 | 0.622025 | −1.18 | |
| Shares outstanding | 8.0M2016 | 7.4M2025 | −0.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ISBA assets
ISBA liabilities and equity
ISBA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ISBA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $226.9M | $253.0M | $561.8M | $619.4M | $595.9M | $585.9M | $490.4M | $568.3M | $583.2M | $581.0M |
| Cash & equivalents | $26.0M | $24.5M | $33.7M | $38.9M | $105.3M | $246.6M | $60.6M | $73.5M | $30.8M | $22.9M |
| Short-term investments | $200.8M | $228.5M | $528.1M | $580.5M | $490.6M | $339.2M | $429.8M | $494.8M | $552.3M | $558.1M |
| Receivables | $0 | $0 | $35.1M | $33.6M | $20.0M | $21.1M | $6.5M | $6.9M | $7.1M | $6.6M |
| Inventory | $0 | $0 | $0 | $439,000 | $211,000 | $527,000 | $456,000 | $355,000 | $291,000 | $231,000 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $226.9M | $253.0M | $597.0M | $653.0M | $615.9M | $606.9M | $496.9M | $575.2M | $590.2M | $587.6M |
| Property, plant & equipment (net) | $29.0M | $27.7M | $27.6M | $25.6M | $24.4M | $25.1M | $26.2M | $27.8M | $28.4M | $29.3M |
| Goodwill & intangible assets | $48.3M | $48.3M | $48.3M | $48.3M | $48.3M | $48.3M | $48.4M | $48.5M | $48.5M | $48.7M |
| Long-term investments | $497.8M | $489.0M | $544.0M | $1.84B | $1.78B | $356.6M | $451.5M | $519.8M | $575.8M | $579.8M |
| Other non-current assets | $1.41B | $1.27B | $842.1M | $0 | $0 | $920.4M | $791.2M | $666.0M | $570.2M | $486.8M |
| Total assets | $2.21B | $2.09B | $2.06B | $2.03B | $2.03B | $1.96B | $1.81B | $1.84B | $1.81B | $1.73B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $12.8M | $11.5M | $13.7M | $12.6M | $14.0M | $8.1M | $11.5M |
| Short-term debt | $68.0M | $53.6M | $46.8M | $57.8M | $50.2M | $68.7M | $31.0M | $40.3M | $54.9M | $67.7M |
| Total current liabilities | $1.89B | $1.80B | $1.77B | $1.81B | $1.77B | $1.65B | $1.36B | $1.35B | $1.34B | $1.29B |
| Long-term debt | $74.5M | $59.4M | $69.3M | $87.0M | $99.3M | $90.0M | $245.0M | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Other long-term liabilities | $15.9M | $15.9M | $16.7M | $0 | $0 | $0 | $0 | $300.0M | $281.9M | $258.5M |
| Total liabilities | $1.98B | $1.88B | $1.86B | $1.84B | $1.82B | $1.74B | $1.60B | $1.64B | $1.62B | $1.54B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $123.2M | $126.2M | $127.3M | $128.7M | $129.1M | $142.2M | $141.1M | $140.4M | $140.3M | $139.5M |
| Retained earnings (deficit) | $113.8M | $103.0M | $97.3M | $89.7M | $75.6M | $64.5M | $62.1M | $57.4M | $51.7M | $46.1M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$8.0M | −$21.4M | −$25.9M | −$37.2M | $1.9M | $7.7M | $2.0M | −$7.7M | −$2.6M | −$2.8M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $231.4M | $210.3M | $202.4M | $186.2M | $211.0M | $218.6M | $210.2M | $195.5M | $194.9M | $187.9M |
| Key figures | ||||||||||
| Total debt | $142.5M | $113.0M | $116.1M | $87.0M | $99.3M | $158.7M | $276.0M | $340.3M | $344.9M | $337.7M |
| Net cash (debt) | $84.3M | $140.0M | $445.7M | $532.4M | $496.6M | $427.1M | $214.4M | $228.0M | $238.3M | $243.3M |
| Working capital | −$1.66B | −$1.55B | −$1.17B | −$1.16B | −$1.16B | −$1.04B | −$860.5M | −$771.8M | −$746.1M | −$698.2M |
| Tangible book value | $183.1M | $162.0M | $154.1M | $137.9M | $162.7M | $170.3M | $161.8M | $147.1M | $146.4M | $139.2M |
| Book value per share | $31.35 | $28.10 | $26.72 | $24.35 | $26.49 | $26.97 | $25.96 | $24.22 | $24.26 | $23.49 |
| Shares outstanding | 7.4M | 7.5M | 7.6M | 7.6M | 8.0M | 8.1M | 8.1M | 8.1M | 8.0M | 8.0M |
| Current ratio | 0.12 | 0.14 | 0.34 | 0.36 | 0.35 | 0.37 | 0.37 | 0.43 | 0.44 | 0.46 |
| Quick ratio | 0.12 | 0.14 | 0.34 | 0.36 | 0.35 | 0.37 | 0.37 | 0.43 | 0.44 | 0.46 |
| Debt / equity | 0.62 | 0.54 | 0.57 | 0.47 | 0.47 | 0.73 | 1.31 | 1.74 | 1.77 | 1.80 |
| Equity / assets | 10.5% | 10.1% | 9.8% | 9.2% | 10.4% | 11.2% | 11.6% | 10.6% | 10.7% | 10.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $481.1M | $50.1M | $226.9M | $673.3M | $227.5M | $582.2M | $253.0M | $533.8M | $528.3M | $542.8M | $561.8M | $565.8M |
| Cash & equivalents | $481.1M | $50.1M | $26.0M | $161.3M | $108.6M | $69.2M | $24.5M | $27.0M | $22.7M | $25.2M | $33.7M | $48.9M |
| Short-term investments | $439.3M | $430.8M | $200.8M | $512.0M | $119.0M | $513.0M | $228.5M | $506.8M | $505.6M | $517.6M | $528.1M | $516.9M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $35.1M | $39.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $509,000 |
| Other current assets | $0 | $360,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $481.1M | $50.5M | $226.9M | $673.3M | $227.5M | $582.2M | $253.0M | $533.8M | $528.3M | $542.8M | $597.0M | $604.7M |
| Property, plant & equipment (net) | $28.9M | $29.1M | $29.0M | $28.7M | $28.2M | $28.1M | $27.7M | $27.7M | $27.8M | $28.0M | $27.6M | $27.0M |
| Goodwill & intangible assets | $48.3M | $48.3M | $48.3M | $48.3M | $48.3M | $48.3M | $48.3M | $48.3M | $48.3M | $48.3M | $48.3M | $48.3M |
| Long-term investments | $439.3M | $492.7M | $497.8M | $512.0M | $500.6M | $513.0M | $489.0M | $506.8M | $505.6M | $533.4M | $528.1M | $532.7M |
| Other non-current assets | $1.22B | $1.63B | $1.41B | $997.5M | $1.35B | $930.9M | $1.27B | $990.3M | $950.0M | $905.1M | $857.9M | $905.8M |
| Total assets | $2.22B | $2.25B | $2.21B | $2.26B | $2.16B | $2.10B | $2.09B | $2.11B | $2.06B | $2.06B | $2.06B | $2.12B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $17.3M |
| Short-term debt | $116.0M | $113.5M | $68.0M | $62.0M | $43.2M | $47.3M | $53.6M | $52.4M | $44.2M | $43.0M | $46.8M | $52.3M |
| Total current liabilities | $116.0M | $1.97B | $1.89B | $1.99B | $1.89B | $1.85B | $1.80B | $1.83B | $1.77B | $1.81B | $1.77B | $1.84B |
| Long-term debt | $29.6M | $29.5M | $74.5M | $29.5M | $29.5M | $29.4M | $59.4M | $44.4M | $74.4M | $29.4M | $69.3M | $94.3M |
| Other long-term liabilities | $1.83B | $15.1M | $15.9M | $15.1M | $13.6M | $12.4M | $15.9M | $15.2M | $17.0M | $16.2M | $16.7M | $0 |
| Total liabilities | $1.97B | $2.02B | $1.98B | $2.03B | $1.94B | $1.89B | $1.88B | $1.89B | $1.86B | $1.86B | $1.86B | $1.93B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $135.1M | $123.3M | $123.2M | $124.3M | $124.6M | $125.5M | $126.2M | $125.2M | $126.1M | $126.7M | $127.3M | $127.7M |
| Retained earnings (deficit) | $119.8M | $116.8M | $113.8M | $111.2M | $107.9M | $104.9M | $103.0M | $101.1M | $99.8M | $98.3M | $97.3M | $95.5M |
| Accumulated other comprehensive income | −$8.8M | −$8.6M | −$8.0M | −$10.4M | −$14.4M | −$17.4M | −$21.4M | −$17.3M | −$27.6M | −$28.2M | −$25.9M | −$41.7M |
| Total shareholders' equity | $248.7M | $234.0M | $231.4M | $227.4M | $220.5M | $215.6M | $210.3M | $213.0M | $202.2M | $200.7M | $202.4M | $185.1M |
| Key figures | ||||||||||||
| Total debt | $145.6M | $143.1M | $142.5M | $91.5M | $72.7M | $76.8M | $113.0M | $96.8M | $118.6M | $72.4M | $116.1M | $146.6M |
| Net cash (debt) | $335.5M | −$93.0M | $84.3M | $581.8M | $154.9M | $505.5M | $140.0M | $437.0M | $409.8M | $470.4M | $445.7M | $419.1M |
| Working capital | $365.1M | −$1.92B | −$1.66B | −$1.31B | −$1.67B | −$1.26B | −$1.55B | −$1.30B | −$1.24B | −$1.27B | −$1.17B | −$1.23B |
| Tangible book value | $200.4M | $185.7M | $183.1M | $179.1M | $172.2M | $167.3M | $162.0M | $164.7M | $154.0M | $152.4M | $154.1M | $136.8M |
| Book value per share | $33.88 | $31.87 | $31.35 | $30.82 | $29.80 | $28.93 | $28.21 | $28.50 | $26.99 | $26.73 | $27.14 | $24.45 |
| Shares outstanding | 7.3M | 7.3M | 7.4M | 7.4M | 7.4M | 7.5M | 7.5M | 7.5M | 7.5M | 7.5M | 7.5M | 7.6M |
| Current ratio | 4.15 | 0.03 | 0.12 | 0.34 | 0.12 | 0.32 | 0.14 | 0.29 | 0.30 | 0.30 | 0.34 | 0.33 |
| Quick ratio | 4.15 | 0.03 | 0.12 | 0.34 | 0.12 | 0.32 | 0.14 | 0.29 | 0.30 | 0.30 | 0.34 | 0.33 |
| Debt / equity | 0.59 | 0.61 | 0.62 | 0.40 | 0.33 | 0.36 | 0.54 | 0.45 | 0.59 | 0.36 | 0.57 | 0.79 |
| Equity / assets | 11.2% | 10.4% | 10.5% | 10.1% | 10.2% | 10.3% | 10.1% | 10.1% | 9.8% | 9.8% | 9.8% | 8.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
ISBA financial position
At the end of fiscal 2025 (December 31, 2025), Isabella Bank had total assets of $2.2 billion (up 5.9% from a year earlier), total liabilities of $2.0 billion and shareholders' equity of $231.4 million. It held $226.9 million in cash and short-term investments against $142.5 million of debt, a net cash position of $84.3 million. Its current ratio was 0.12. In the latest quarter (ended June 30, 2026) total assets were $2.2 billion and equity $248.7 million.
Related: ISBA income statement, ISBA cash flow statement, ISBA key metrics. See the ISBA stock overview for the latest quote and news.
ISBA balance sheet FAQ
What are Isabella Bank's total assets?
Isabella Bank reported total assets of $2.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.1 billion a year earlier.
How much debt does Isabella Bank have?
Isabella Bank had $142.5 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.62.
How much cash does Isabella Bank have?
Isabella Bank held $226.9 million in cash and short-term investments at the end of fiscal 2025; with $142.5 million of debt that is net cash of $84.3 million.
What is Isabella Bank's book value?
Isabella Bank's shareholders' equity (book value) was $231.4 million at the end of fiscal 2025, or $31.35 per share.
What is Isabella Bank's current ratio?
Isabella Bank had current assets of $226.9 million and current liabilities of $1.9 billion, a current ratio of 0.12 (current liabilities exceed current assets).
How much goodwill does Isabella Bank have?
Isabella Bank carried $48.3 million of goodwill and intangible assets, 2.2% of total assets, at the end of fiscal 2025.