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Q2 2026 · read from the 30 June 2026 Call Report · United States · Great Lakes · Michigan, the state note

Isabella Bank

Mount Pleasant, Michigan · $2.17B in assets · beside the 10 other Michigan banks between $1B and $3B

The filing

+13.8%
Loans, year over year
2nd of 11, largest first
1.9x
Coverage of noncurrent
2nd of 11
86.2%
Loans / deposits
3rd of 11

Isabella Bank is the largest of the 11 Michigan banks between $1B and $3B, with $2.17B in assets at 30 June 2026. Loans are 86.2% of deposits, 3rd of 11 against a median of 91.9%, and equity is 8.8% of assets, 7th of 11. Loans grew +13.8% in the year, 2nd of 11, and deposits fell 1.7%; the cohort's median loan growth is +7.1%.

Noncurrent loans are 0.49% of the book, 3rd of 11 against a median of 0.81%; 0.06% is 30 to 89 days past due, and the allowance covers them 1.9 times. Commercial real estate is 26.4% of loans, 7th of 11 against a median of 26.2%, and 201% of capital, below the 300% screen, with construction at 64% against the 100% screen.

Return on assets is 1.10%, 6th of 11 against a median of 1.10%, on an efficiency ratio of 64.2%, 5th of 11. Five years ago it was 1.11%. The question is which of these lines moves first over the next four quarters, and against which peer.

Loans as a share of depositsMI banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 91.9% SN Superior National Bank 77.1% SB Sturgis Bank & Trust Co. 86.1% IB Isabella Bank 86.2% FS First State Bank 86.9% SM Southern Michigan Bank & Trust 91.0% DB Dart Bank 91.9% UB United Bank of Michigan 96.8% WM West Michigan Community Bank 97.3% NB Northstar Bank 102.3% CN County National Bank 103.1% UB University Bank 103.2%
Loans, year over yearMI banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +7.1% FS First State Bank +15.9% IB Isabella Bank +13.8% WM West Michigan Community Bank +12.7% NB Northstar Bank +12.0% UB University Bank +11.2% SM Southern Michigan Bank & Trust +7.1% CN County National Bank +6.4% UB United Bank of Michigan +5.6% SN Superior National Bank +0.1% DB Dart Bank -0.5% SB Sturgis Bank & Trust Co. -2.8%

SBA 7(a), FY2008 to FY2026

Isabella Bank is the 68th largest 7(a) lender into Michigan of 364, with $27M across 51 loans, 0.2% of everything approved in the state (The Huntington National Bank leads with $3.53B). 4 of its 11 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Michigan, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Isabella, MI$7M2nd of 2916.8%+15.9 pts
Midland, MI$5M5th of 267.1%-11.0 pts
Montcalm, MI$5M4th of 319.0%quiet FY2020
Mecosta, MI$2M6th of 207.5%+15.1 pts
Newaygo, MI$2M6th of 245.8%thin
Saginaw, MI$2M20th of 521.0%+0.7 pts
Kent, MI$2M64th of 1240.2%quiet FY2021
Ionia, MI$977K11th of 332.3%quiet FY2019
Bay, MI$629K23rd of 410.8%-0.3 pts
Calhoun, MI$312K46th of 590.2%quiet FY2021
Gladwin, MI$220K5th of 101.2%thin
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Manufacturing8$9M33.1%0.02%505th of 2,246
Retail trade9$4M15.7%0.01%800th of 2,589
Accommodation & food services11$3M12.2%0.00%1014th of 2,596
Health care & social assistance3$3M11.0%0.01%732nd of 2,172
Other services8$3M10.2%0.01%755th of 2,248
7(a) lenders into Michigan, share of approvals since FY2008364 lenders on record; the ten largest and Isabella Bank
TH The Huntington National Bank 28.0% $3.53B · 19,577 loans FT Fifth Third Bank 7.1% $895M · 2,010 loans LO Live Oak Banking Company 4.7% $589M · 456 loans CB Choiceone Bank 3.3% $418M · 795 loans JC JPMorgan Chase Bank, National Ass… 2.7% $338M · 2,073 loans ON Old National Bank 2.6% $330M · 438 loans BB Byline Bank 1.8% $226M · 212 loans FI First Internet Bank of Indiana 1.7% $216M · 160 loans FM First Merchants Bank 1.7% $212M · 421 loans Bo Bank of Ann Arbor 1.6% $201M · 386 loans IB Isabella Bank 0.2% $27M · 51 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 6 CBLR filers; owner-occupied excluded; bold marks a screen met
Isabella BankRankCohort median
Total CRE against capital, the 300% screen201%6th of 11201%
Construction against capital, the 100% screen64%9th of 1151%
Construction and land development, share of loans8.4%9th of 116.4%
Non-owner-occupied nonfarm nonresidential, share of loans13.3%6th of 1113.3%
Total CRE, the guidance definition, share of loans26.4%7th of 1126.2%
CRE growth over 36 months, the third prong+23.2%7th of 11+20.7%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Isabella Bank$2.17B1.1%64.2%0.49%0.08%0.9%86.2%8.8%
Southern Michigan Bank & Trust$1.68B0.8%69.4%0.92%0.13%1.2%91.0%9.3%
Dart Bank$1.47B1.0%83.7%1.75%0.07%1.0%91.9%8.1%
County National Bank$1.36B1.0%69.3%2.62%0.08%1.1%103.1%9.2%
First State Bank$1.35B1.2%62.8%0.81%0.12%1.3%86.9%9.7%
University Bank$1.24B1.1%85.2%0.41%0.00%0.4%103.2%9.6%
West Michigan Community Bank$1.21B1.4%51.7%1.40%0.00%1.4%97.3%8.8%
Northstar Bank$1.16B1.3%61.4%0.80%-0.02%1.3%102.3%8.7%
United Bank of Michigan$1.06B1.3%62.4%0.06%0.00%1.1%96.8%10.4%
Superior National Bank$1.04B1.1%67.5%0.65%0.04%1.2%77.1%11.5%
Sturgis Bank & Trust Co.$1.03B1.0%73.5%0.92%0.00%1.1%86.1%8.1%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Isabella BankCohort median
20212026Change20212026Change
Loans$1.21B$1.59B+32%$581M$1.06B+81%
Deposits$1.66B$1.85B+11%$781M$1.07B+38%
NPA / loans0.28%0.49%+0.21 pts0.28%0.81%+0.53 pts
Efficiency62.3%64.2%+1.9 pts65.1%67.5%+2.4 pts
ROA1.11%1.10%-0.01 pts1.18%1.10%-0.09 pts

This read was prepared for Isabella Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Isabella Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort MI banks $1B to $3B
Institution www.isabellabank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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