ISBA IBT Bancorp Inc. featured news, full reports, and detailed charts
IBT Bancorp Inc. (ISBA/ISBA.PK) Wrap Up:
Isabella Bank Corporation, a financial services holding company, provides various banking products and services to businesses, institutions, and individuals in mid-Michigan. It primarily engages in generating deposits and originating loans. The company’s deposit products include interest and non-interest bearing checking accounts, savings accounts, money market accounts, certificates of deposit, and direct deposits. Its lending portfolio comprises commercial real estate loans and lines of credit; agricultural loans; residential real estate loans; and consumer loans, such as automobile loans, secured and unsecured personal loans, credit cards, student loans, and overdraft protection. Isabella...www.isabellabank.com
330 Employees
Founded in 1988
Isabella Bank Corp. (ISBA:OTC)
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Market Cap
112.6M
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Total Revenue
36.6M
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EBITDA
--
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DILUTED EPS TTM
0.52
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P/E
28.8x
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P/S
3.1x
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Return On Asset
0.36
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Return On Equity
2.91
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| K = Thousands M = Millions B = Billions | ||
ISBA Top Compensated Officers
Mr. Dennis P. Angner
Chief Executive Officer, President and Direct...
Age: 53
Total Annual Compensation: $304.1K
Ms. Peggy L. Wheeler
Principal Financial Officer, Senior Vice Pres...
Age: 49
Total Annual Compensation: $108.5K
Mr. Steven D. Pung
Chief Operations Officer of Isabella Bank
Age: 59
Total Annual Compensation: $120.9K
Mr. Richard J. Barz
Executive Vice President, Director, Member of...
Age: 60
Total Annual Compensation: $309.9K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Isabella Bank Corp. (ISBA)
Isabella Bank Corp. Reports Earnings Results for the Nine Months Ended September 30, 2009
11/5/2009
Isabella Bank Corp. reported earnings results for the nine months ended September 30, 2009. For the period, the company has posted net income of $5.73 million compared to $6.14 million for the same period in 2008, a 6.67% decrease. The decrease in net income was related principally to a $1.25 million increase in Federal Deposit Insurance Premiums (FDIC) and a $774,000 increase in provision for loan losses offset by an increase in gross interest income of $2.0 million.
Isabella Bank Corp. Announces Amendment to the Bylaws
08/28/2009
On August 27, 2009, the Board of Directors of Isabella Bank Corp. voted to amend Article III, Section 6, of the company’s bylaws, effective immediately. Currently, Article III, Section 6 requires a director to retire from the corporation’s Board of Directors at the end of the month during which he or she attains age 70. Pursuant to the amendment, a director who attains age 70 during 2010 would remain on the Board until January 1, 2011.
Isabella Bank Corp. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2009
07/27/2009
Isabella Bank Corp. announced earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net income of $2.20 million versus $1.69 million for the same period in 2008, a $510,000 increase. The increase in the second quarter 2009 net income was related principally to an increase in the net interest margin of $499,000. For the six months, the company reported net income of $3.53 million declined $88,000 when compared to the same period in 2008. 2009 net income was significantly impacted by a $1.22 million increase in Federal Deposit Insurance (FDIC) premiums.
ISBA Competitors
| Company | Last | Change |
| ACNB Corp | $13.50 USD | 0.00 |
| First Mid Illinois Bancshares | $18.30 USD | 0.00 |
| First National Community Bancorp Inc | $6.25 USD | +0.05 |
| Penns Woods Bancorp Inc | $30.94 USD | -0.05 |
| Penseco Financial Services Corp | $31.50 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ISBA | Industry Range |
| Price/Earnings | 28.8x |
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| Price/Sales | 3.1x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | 28.1x |
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| TEV/Sales | NM | Not Meaningful |
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ISBA |
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ISBA transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About IBT Bancorp Inc.
More news for ISBA
ISABELLA BANK CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue17,082 17,636 17,030 16,207 Cost of Revenue3,372 3,465 3,627 4,153 Gross Profit - 14,171 13,403 12,054 Operating ExpensesResearch Development - - - - Selling General and Administrative7,995 8,468 9,044 8,377 Non Recurring - - - - Others1,542 1,535 1,472 5,703 Total Operating Expenses - - - - Operating Income or Loss - 4,168 2,887 (2,026)Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes4,173 4,168 2,887 (2,026)Interest Expense1,556 1,561 1,601 1,683 Income Before Tax2,617 2,607 1,286 (3,709)Income Tax Expense420 406 (43)(1,668)Minority Interest - - - - Net Income From Continuing Ops2,197 2,201 1,329 (2,041)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of ...Click here to read the whole Article (external link)
ISABELLA BANK CORP Files SEC form 10-Q, Quarterly Report
Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations The following is management's discussion and analysis of the major factors that influenced Isabella Bank Corporation's financial performance. This analysis should be read in conjunction with the Corporation's 2008 annual report and with the unaudited interim condensed consolidated financial statements and notes, beginning on page 3 of this report. CRITICAL ACCOUNTING POLICIES: A summary of the Corporation's significant accounting policies is set forth in Note 1 of the Consolidated Financial Statements included in the Corporation's Annual Report for the year ended December 31, 2008. Of these significant accounting policies, the Corporation considers its policies regarding the allowance for loan losses, goodwill, acquisition intangibles, and the determination of the fair value of investment securities to be its most critical accounting policies. The allowance for loan losses requires management's most subjective and complex judgment. Changes in economic conditions can have a significant impact on the allowance for loan losses and, therefore, the provision for loan losses and results of operations. The Corporation has developed appropriate policies and procedures for assessing the adequacy of the allowance for loan losses, recognizing that this process requires a number of assumptions and estimates with respect to its loan portfolio. The Corporation's assessments may be impacted in future periods by changes in economic conditions and the discovery of information with respect to borrowers which is not known to management at the time of the issuance of the consolidated financial statements. For additional discussion concerning the Corporation's allowance for loan losses and related matters, see Provision for Loan Losses and Allowance for Loan Losses in the Corporation's 2008 Annual Report and herein. United States generally accepted accounting principles require the Corporation to dete...Click here to read the whole Article (external link)
ISABELLA BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for ISABELLA BANK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ISABELLA BANK CORP 5-Nov-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes o...Click here to read the whole Article (external link)
ISABELLA BANK CORP Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
Show all filings for ISABELLA BANK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ISABELLA BANK CORP 28-Aug-2009Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for infor...Click here to read the whole Article (external link)
ISABELLA BANK CORP Files SEC form 10-Q, Quarterly Report
Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations The following is management's discussion and analysis of the major factors that influenced Isabella Bank Corporation's financial performance. This analysis should be read in conjunction with the Corporation's 2008 annual report and with the unaudited interim condensed consolidated financial statements and notes, beginning on page 3 of this report. CRITICAL ACCOUNTING POLICIES: A summary of the Corporation's significant accounting policies is set forth in Note 1 of the Consolidated Financial Statements included in the Corporation's Annual Report for the year ended December 31, 2008. Of these significant accounting policies, the Corporation considers its policies regarding the allowance for loan losses, acquisition intangibles, and the determination of the fair value of investment securities to be its most critical accounting policies. The allowance for loan losses requires management's most subjective and complex judgment. Changes in economic conditions can have a significant impact on the allowance for loan losses and, therefore, the provision for loan losses and results of operations. The Corporation has developed appropriate policies and procedures for assessing the adequacy of the allowance for loan losses, recognizing that this process requires a number of assumptions and estimates with respect to its loan portfolio. The Corporation's assessments may be impacted in future periods by changes in economic conditions, and the discovery of information with respect to borrowers which is not known to management at the time of the issuance of the consolidated financial statements. For additional discussion concerning the Corporation's allowance for loan losses and related matters, see Provision for Loan Losses and Allowance for Loan Losses in the Corporation's 2008 Annual Report and herein. United States generally accepted accounting principles require the Corporation to determine the...Click here to read the whole Article (external link)
ISABELLA BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for ISABELLA BANK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ISABELLA BANK CORP 27-Jul-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes ...Click here to read the whole Article (external link)
ISABELLA BANK CORP Files SEC form 8-K, Other Events
Show all filings for ISABELLA BANK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ISABELLA BANK CORP 1-Jun-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purp...Click here to read the whole Article (external link)
ISABELLA BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for ISABELLA BANK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ISABELLA BANK CORP 8-May-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes o...Click here to read the whole Article (external link)
ISABELLA BANK CORP Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations ISABELLA BANK CORPORATION FINANCIAL REVIEW (All dollars in thousands) The following is management's discussion and analysis of the financial condition and results of operations for Isabella Bank Corporation (the "Corporation"). This discussion and analysis is intended to provide a better understanding of the consolidated financial statements and statistical data included elsewhere in the Annual Report. The Corporation's significant acquisitions of Greenville Community Financial Corporation in January 2008 and Farwell State Savings Bank in October 2006 were accounted for as purchase transactions, and as such, the related results of operations are included from the dates of acquisition. See "Note 2 - Business Combinations and Joint Venture Formation" in the accompanying Notes to Consolidated Financial Statements included elsewhere in the report. During 2008, as a result of a significant downturn in economy, the Corporation experienced significant increases in past due and nonaccrual loans. This increase in delinquencies has led to dramatic increases in net loans charged off as well as collection expenses. For further discussion and analysis, see below. CRITICAL ACCOUNTING POLICIES: The Corporation's significant accounting policies are set forth in Note 1 of the Consolidated Financial Statements. Of these significant accounting policies, the Corporation considers its policies regarding the allowance for loan losses, acquisition intangibles, and the determination of the fair value of investment securities to be its most critical accounting policies. The allowance for loan losses requires management's most subjective and complex judgment. Changes in economic conditions can have a significant impact on the allowance for loan losses and, therefore, the provision for loan losses and results of operations. The Corporation has developed appropriate policies a...Click here to read the whole Article (external link)
ISABELLA BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for ISABELLA BANK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ISABELLA BANK CORP 17-Feb-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes o...Click here to read the whole Article (external link)
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