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Isabella Bank

OTCPK:ISBA
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ISBA
OTCPK
$177M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Isabella Bank Corporation operates as the bank holding company for Isabella Bank that provides various banking services to businesses, institutions, and individuals and their families. The last earnings update was 16 days ago. More info.


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ISBA Share Price and Events
7 Day Returns
-1.5%
OTCPK:ISBA
-5.2%
US Banks
-3.1%
US Market
1 Year Returns
-15.7%
OTCPK:ISBA
-16.1%
US Banks
-1.7%
US Market
ISBA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Isabella Bank (ISBA) -1.5% -2.4% -0.8% -15.7% -19.3% 1.6%
US Banks -5.2% -7.8% -5.8% -16.1% 29.4% 33.3%
US Market -3.1% -5.3% -1.2% -1.7% 28.2% 35%
1 Year Return vs Industry and Market
  • ISBA matched the Banks industry (-16.1%) over the past year.
  • ISBA underperformed the Market in United States of America which returned -1.7% over the past year.
Price Volatility
ISBA
Industry
5yr Volatility vs Market

ISBA Value

 Is Isabella Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Isabella Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Isabella Bank.

OTCPK:ISBA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $24.81 * 7.1%
$1.75
Book Value of Equity per Share Median Book Value from the past 5 years. $24.81
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ISBA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.559 (1 + (1- 21%) (181.11%))
1.241
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.241 * 5.96%)
10.12%

Discounted Cash Flow Calculation for OTCPK:ISBA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Isabella Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:ISBA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.1% – 10.12%) * $24.81)
$-0.76
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.76 / (10.12% - 2.73%)
$-10.24
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $24.81 + $-10.24
$14.57
OTCPK:ISBA Discount to Share Price
Calculation Result
Value per share (USD) From above. $14.57
Current discount Discount to share price of $22.35
= -1 x ($22.35 - $14.57) / $14.57
-53.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Isabella Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Isabella Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Isabella Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ISBA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $1.90
OTCPK:ISBA Share Price ** OTCPK (2019-08-16) in USD $22.35
United States of America Banks Industry PE Ratio Median Figure of 598 Publicly-Listed Banks Companies 12.2x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Isabella Bank.

OTCPK:ISBA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:ISBA Share Price ÷ EPS (both in USD)

= 22.35 ÷ 1.90

11.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Isabella Bank is good value based on earnings compared to the US Banks industry average.
  • Isabella Bank is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Isabella Bank's expected growth come at a high price?
Raw Data
OTCPK:ISBA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
8.6%per year
United States of America Banks Industry PEG Ratio Median Figure of 272 Publicly-Listed Banks Companies 1.11x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Isabella Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Isabella Bank's assets?
Raw Data
OTCPK:ISBA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $26.28
OTCPK:ISBA Share Price * OTCPK (2019-08-16) in USD $22.35
United States of America Banks Industry PB Ratio Median Figure of 599 Publicly-Listed Banks Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,261 Publicly-Listed Companies 1.67x
OTCPK:ISBA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:ISBA Share Price ÷ Book Value per Share (both in USD)

= 22.35 ÷ 26.28

0.85x

* Primary Listing of Isabella Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Isabella Bank is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Isabella Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Isabella Bank has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ISBA Future Performance

 How is Isabella Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Isabella Bank, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Isabella Bank expected to grow at an attractive rate?
  • Isabella Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Isabella Bank's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Isabella Bank's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:ISBA Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ISBA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 8.6%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.6%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:ISBA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ISBA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 60 15
2019-03-31 59 19 14
2018-12-31 58 22 14
2018-09-30 58 19 13
2018-06-30 57 22 13
2018-03-31 57 21 14
2017-12-31 56 20 13
2017-09-30 56 17 14
2017-06-30 55 19 14
2017-03-31 54 19 14
2016-12-31 53 20 14
2016-09-30 53 21 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Isabella Bank's earnings are expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Isabella Bank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:ISBA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Isabella Bank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ISBA Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 1.90
2019-03-31 1.78
2018-12-31 1.78
2018-09-30 1.68
2018-06-30 1.66
2018-03-31 1.73
2017-12-31 1.69
2017-09-30 1.83
2017-06-30 1.83
2017-03-31 1.78
2016-12-31 1.77
2016-09-30 1.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Isabella Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Isabella Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Isabella Bank has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ISBA Past Performance

  How has Isabella Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Isabella Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Isabella Bank's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Isabella Bank's 1-year earnings growth exceeds its 5-year average (14.2% vs -0.1%)
  • Isabella Bank's earnings growth has not exceeded the US Banks industry average in the past year (14.2% vs 33.2%).
Earnings and Revenue History
Isabella Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Isabella Bank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ISBA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 60.10 14.91 32.65
2019-03-31 59.01 14.06 33.06
2018-12-31 58.20 14.02 32.65
2018-09-30 57.52 13.21 32.88
2018-06-30 56.81 13.05 32.07
2018-03-31 56.68 13.56 30.95
2017-12-31 56.48 13.24 30.75
2017-09-30 55.96 14.30 29.06
2017-06-30 55.33 14.36 28.65
2017-03-31 54.36 13.92 28.30
2016-12-31 53.27 13.80 28.26
2016-09-30 53.32 13.31 28.56
2016-06-30 53.76 13.78 28.44
2016-03-31 53.88 14.47 28.27
2015-12-31 54.47 15.13 26.58
2015-09-30 51.65 15.28 24.60
2015-06-30 50.78 14.62 24.62
2015-03-31 50.94 14.09 25.56
2014-12-31 51.17 13.72 26.73
2014-09-30 53.08 13.20 29.42
2014-06-30 53.00 13.08 29.89
2014-03-31 52.62 12.73 29.69
2013-12-31 48.46 12.51 25.32
2013-09-30 51.59 12.10 29.25
2013-06-30 51.80 12.27 28.93
2013-03-31 51.56 12.06 28.93
2012-12-31 51.93 12.21 28.92
2012-09-30 51.05 12.41 28.89

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Isabella Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Isabella Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Isabella Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Isabella Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Isabella Bank has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ISBA Health

 How is Isabella Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Isabella Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Isabella Bank Company Filings, last reported 1 month ago.

OTCPK:ISBA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 208.11 320.46
2019-03-31 202.41 311.68 20.92
2018-12-31 195.52 340.30 72.57
2018-09-30 188.54 359.78 49.00
2018-06-30 191.95 362.50 22.66
2018-03-31 191.09 303.11 17.13
2017-12-31 194.91 344.88 29.68
2017-09-30 196.46 367.03 21.28
2017-06-30 195.07 360.94 22.04
2017-03-31 190.98 327.38 18.33
2016-12-31 187.90 337.69 21.87
2016-09-30 195.18 325.47 21.34
2016-06-30 195.13 318.75 27.03
2016-03-31 190.25 307.90 28.13
2015-12-31 183.97 309.73 20.40
2015-09-30 183.00 297.61 18.32
2015-06-30 178.03 307.60 29.98
2015-03-31 179.65 283.32 21.18
2014-12-31 174.59 289.71 18.94
2014-09-30 172.08 290.44 26.11
2014-06-30 171.10 279.46 27.96
2014-03-31 165.97 272.54 19.77
2013-12-31 160.61 279.33 41.75
2013-09-30 161.31 266.00 24.39
2013-06-30 159.29 262.46 24.13
2013-03-31 165.31 232.41 24.75
2012-12-31 164.49 241.00 30.07
2012-09-30 164.15 226.58 32.13
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Isabella Bank has an acceptable proportion of non-loan assets held.
  • Isabella Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Isabella Bank are broadly funded by customer deposits.
  • Isabella Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Isabella Bank has a sufficient allowance for bad loans.
  • Isabella Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Isabella Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Isabella Bank has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ISBA Dividends

 What is Isabella Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.65%
Current annual income from Isabella Bank dividends.
If you bought $2,000 of Isabella Bank shares you are expected to receive $93 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Isabella Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).
  • Isabella Bank's dividend is above the markets top 25% of dividend payers in United States of America (3.9%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:ISBA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:ISBA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-03 1.040 4.536
2019-03-01 1.040 4.477
2018-12-04 1.040 4.490
2018-08-24 1.040 3.946
2018-05-30 1.040 3.892
2018-03-02 1.040 3.882
2017-11-30 1.040 3.755
2017-08-24 1.040 3.618
2017-05-25 1.000 3.575
2017-02-27 1.000 3.599
2016-11-23 1.000 3.584
2016-08-29 1.000 3.614
2016-06-01 0.960 3.460
2016-03-01 0.960 3.453
2015-11-20 0.960 3.465
2015-08-27 0.960 3.992
2015-05-29 0.920 3.942
2015-02-27 0.920 4.024
2014-08-28 0.880 3.845
2014-05-29 0.880 3.923
2014-02-28 0.880 3.813
2013-12-03 0.840 3.605
2013-08-30 0.840 3.487
2013-05-24 0.840 3.400
2013-03-04 0.840 3.358
2012-12-03 0.800 3.537
2012-08-31 0.800 3.500
2012-05-29 0.800 3.261
2012-03-07 0.800 3.329
2011-11-25 0.760 3.387
2011-08-30 0.760 4.063
2011-06-03 0.760 4.213
2011-03-04 0.760 4.228
2010-11-05 0.720 4.098
2010-06-02 0.720 4.152
2010-03-10 0.720 4.046
2009-03-16 0.650 3.545

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Isabella Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Isabella Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Isabella Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Isabella Bank has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ISBA Management

 What is the CEO of Isabella Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jae Evans
COMPENSATION $585,325
AGE 62
TENURE AS CEO 5.6 years
CEO Bio

Mr. Jae A. Evans has been the Chief Executive Officer of Isabella Bank Corporation since January 1, 2014 and as its President since March 31, 2017. Mr. Evans has been a Director of Isabella Bank Corporation and Isabella Bank since January 1, 2014. He serves as Chief Executive Officer of Isabella Bank since January 1, 2014 and serves its President. He served as the Chief Operations Officer of Isabella Bank since June 24, 2011 until December 31, 2013. He served as Chief Executive Officer of Greenville Community Bank. He joined Isabella Bank Corporation since 2008. He joined Isabella Bank in 2008 and has experience in banking industry. He served president of the Greenville Division at Isabella Bank from January 1, 2008 to June 2011. He serves as Board Member of McLaren Central Michigan Hospital and the Central Michigan University Advancement Board. He serves as a Board Member for The Community Bankers of Michigan, Art Reach of Mid-Michigan and is Past chair of the Carson governing board. He is also past Vice-Chair of the Carson City Hospital, was President of the Greenville Rotary Club and just completed his term as Chair of The Community Bankers of Michigan. Mr. Evans is also past Chair of the Eightcap, Inc. He is an active volunteer. Mr. Evans is a graduate of Central Michigan University, the Graduate School of Banking at the University of Wisconsin-Madison and the Dale Carnegie Executive Development program.

CEO Compensation
  • Jae's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jae's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Isabella Bank management team in years:

3.7
Average Tenure
55
Average Age
  • The tenure for the Isabella Bank management team is about average.
Management Team

Jae Evans

TITLE
President
COMPENSATION
$585K
AGE
62
TENURE
5.6 yrs

Neil McDonnell

TITLE
Chief Financial Officer
COMPENSATION
$279K
AGE
55
TENURE
1.6 yrs

Peggy Wheeler

TITLE
Chief Operations Officer
COMPENSATION
$164K
AGE
59
TENURE
1.6 yrs

Jerome Schwind

TITLE
Director
COMPENSATION
$444K
AGE
52
TENURE
3.7 yrs

Rhonda Tudor

TITLE
VP & Controller
COMPENSATION
$143K
AGE
54
TENURE
3.9 yrs

Debra Campbell

TITLE
VP & Corporate Secretary

Cyndia Heap

TITLE
Vice President of Compliance

Patrick Mease

TITLE
Vice President of Human Resources

Barb Place

TITLE
Senior Vice President of Internal Audit

Amy Vogel

TITLE
Chief Risk Officer & VP
Board of Directors Tenure

Average tenure and age of the Isabella Bank board of directors in years:

9.6
Average Tenure
65
Average Age
  • The tenure for the Isabella Bank board of directors is about average.
Board of Directors

Dave Maness

TITLE
Chairman of the Board
COMPENSATION
$55K
AGE
65
TENURE
9.3 yrs

Jae Evans

TITLE
President
COMPENSATION
$585K
AGE
62
TENURE
5.6 yrs

Jerome Schwind

TITLE
Director
COMPENSATION
$444K
AGE
52
TENURE
2 yrs

W. Manifold

TITLE
Director
COMPENSATION
$42K
AGE
67
TENURE
16.1 yrs

Warren McGuire

TITLE
Director
COMPENSATION
$41K
AGE
69
TENURE
12.4 yrs

Joseph LaFramboise

TITLE
Director
COMPENSATION
$40K
AGE
70
TENURE
9.6 yrs

Thomas Kleinhardt

TITLE
Director
COMPENSATION
$36K
AGE
65
TENURE
9.6 yrs

G. Hubscher

TITLE
Director
COMPENSATION
$32K
AGE
66
TENURE
9.6 yrs

Jeffrey Barnes

TITLE
Director
COMPENSATION
$32K
AGE
57
TENURE
9.6 yrs

Sarah Opperman

TITLE
Director
COMPENSATION
$43K
AGE
60
TENURE
7.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Isabella Bank individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
02. Aug 19 Buy Gregory Varner Individual 31. Jul 19 31. Jul 19 361 $22.56 $8,138
02. Aug 19 Buy Jeffrey Barnes Individual 31. Jul 19 31. Jul 19 89 $22.56 $2,013
02. Aug 19 Buy Jill Bourland Individual 31. Jul 19 31. Jul 19 100 $22.56 $2,250
02. Aug 19 Buy Jae Evans Individual 31. Jul 19 31. Jul 19 155 $22.56 $3,497
02. Aug 19 Buy Sarah Opperman Individual 31. Jul 19 31. Jul 19 114 $22.56 $2,575
02. Aug 19 Buy Peggy Wheeler Individual 01. Aug 19 01. Aug 19 14 $21.42 $300
02. Aug 19 Buy Jerome Schwind Individual 01. Aug 19 01. Aug 19 19 $21.42 $400
03. Jul 19 Buy Jerome Schwind Individual 01. Jul 19 01. Jul 19 18 $22.09 $400
03. Jul 19 Buy Peggy Wheeler Individual 01. Jul 19 01. Jul 19 14 $22.09 $300
06. Jun 19 Buy Peggy Wheeler Individual 03. Jun 19 03. Jun 19 21 $21.71 $450
06. Jun 19 Buy Jerome Schwind Individual 03. Jun 19 03. Jun 19 28 $21.71 $600
02. May 19 Buy Sarah Opperman Individual 26. Apr 19 26. Apr 19 102 $23.00 $2,337
02. May 19 Buy Jeffrey Barnes Individual 26. Apr 19 26. Apr 19 80 $23.00 $1,837
02. May 19 Buy Jae Evans Individual 26. Apr 19 26. Apr 19 152 $23.00 $3,496
02. May 19 Buy Jill Bourland Individual 30. Apr 19 30. Apr 19 12 $22.30 $262
02. May 19 Buy Gregory Varner Individual 30. Apr 19 30. Apr 19 76 $22.30 $1,687
02. May 19 Buy Peggy Wheeler Individual 01. May 19 01. May 19 14 $21.19 $300
02. May 19 Buy Jerome Schwind Individual 01. May 19 01. May 19 19 $21.19 $400
02. May 19 Buy Jill Bourland Individual 26. Apr 19 26. Apr 19 94 $23.00 $2,162
02. May 19 Buy Gregory Varner Individual 26. Apr 19 26. Apr 19 269 $23.00 $6,187
02. Apr 19 Buy Jerome Schwind Individual 29. Mar 19 29. Mar 19 18 $22.56 $400
02. Apr 19 Buy Peggy Wheeler Individual 02. Jan 19 01. Apr 19 54 $22.80 $1,200
21. Mar 19 Buy Jerome Schwind Individual 02. Jan 19 02. Jan 19 19 $21.43 $400
14. Feb 19 Sell Peggy Wheeler Individual 29. Aug 18 29. Aug 18 -5,441 $29.50 $-160,512
21. Mar 19 Buy Peggy Wheeler Individual 01. Feb 18 01. Nov 18 47 $26.13 $1,200
21. Mar 19 Buy Peggy Wheeler Individual 02. Jan 18 03. Dec 18 107 $26.84 $2,716
21. Mar 19 Buy Jerome Schwind Individual 03. Dec 18 03. Dec 18 26 $23.42 $600
21. Mar 19 Buy Jerome Schwind Individual 04. Sep 18 04. Sep 18 15 $26.13 $400
05. Mar 19 Buy Jerome Schwind Individual 01. Mar 19 01. Mar 19 18 $22.80 $400
14. Feb 19 Sell David Reetz Individual 29. Aug 18 29. Aug 18 -6,826 $29.50 $-201,381
21. Mar 19 Buy David Reetz Individual 26. Sep 18 11. Dec 18 555 $27.00 $13,985
21. Mar 19 Buy David Reetz Individual 14. Sep 18 04. Dec 18 5,845 $27.50 $153,210
14. Feb 19 Buy Sarah Opperman Individual 02. Nov 18 02. Nov 18 12 $24.75 $300
12. Feb 19 Buy Sarah Opperman Individual 08. Feb 19 08. Feb 19 6 $23.35 $150
05. Feb 19 Buy Jerome Schwind Individual 01. Feb 19 01. Feb 19 18 $21.85 $400
05. Feb 19 Buy Jae Evans Individual 01. Feb 19 01. Feb 19 157 $22.25 $3,493
05. Feb 19 Buy Sarah Opperman Individual 01. Feb 19 01. Feb 19 122 $22.25 $2,725
05. Feb 19 Buy Gregory Varner Individual 01. Feb 19 01. Feb 19 381 $22.25 $8,475
05. Feb 19 Buy Jeffrey Barnes Individual 01. Feb 19 01. Feb 19 87 $22.25 $1,925
05. Feb 19 Buy Jill Bourland Individual 01. Feb 19 01. Feb 19 115 $22.25 $2,550
04. Jan 19 Buy Jeffrey Barnes Individual 31. Dec 18 31. Dec 18 362 $23.31 $8,449
04. Jan 19 Buy David Maness Individual 31. Dec 18 31. Dec 18 150 $23.31 $3,499
04. Jan 19 Buy G. Hubscher Individual 31. Dec 18 31. Dec 18 362 $23.31 $8,449
04. Jan 19 Buy Joseph LaFramboise Individual 31. Dec 18 31. Dec 18 446 $23.31 $10,398
04. Jan 19 Buy Thomas Kleinhardt Individual 31. Dec 18 31. Dec 18 390 $23.31 $9,098
04. Jan 19 Buy Jill Bourland Individual 31. Dec 18 31. Dec 18 211 $23.31 $4,924
04. Jan 19 Buy W. Manifold Individual 31. Dec 18 31. Dec 18 459 $23.31 $10,698
04. Jan 19 Buy Gregory Varner Individual 31. Dec 18 31. Dec 18 518 $23.31 $12,073
04. Jan 19 Buy Sarah Opperman Individual 31. Dec 18 31. Dec 18 233 $23.31 $5,424
04. Jan 19 Buy Warren McGuire Individual 31. Dec 18 31. Dec 18 114 $23.31 $2,662
05. Nov 18 Buy Richard Barz Individual 03. Oct 18 29. Oct 18 4,000 $26.75 $105,500
05. Nov 18 Buy Richard Barz Individual 31. Oct 18 31. Oct 18 72 $25.00 $1,800
02. Nov 18 Buy Jae Evans Individual 31. Oct 18 31. Oct 18 155 $25.00 $3,875
02. Nov 18 Buy Sarah Opperman Individual 31. Oct 18 31. Oct 18 106 $25.00 $2,638
21. Mar 19 Buy Jerome Schwind Individual 01. Nov 18 01. Nov 18 17 $23.75 $400
21. Mar 19 Buy Jerome Schwind Individual 01. Oct 18 01. Oct 18 16 $25.41 $400
02. Oct 18 Buy Gregory Varner Individual 28. Sep 18 28. Sep 18 390 $26.92 $10,500
15. Mar 19 Buy Sarah Opperman Individual 28. Sep 18 28. Sep 18 179 $26.92 $4,825
15. Mar 19 Buy Warren McGuire Individual 28. Sep 18 28. Sep 18 89 $26.92 $2,388
02. Oct 18 Buy W. Manifold Individual 28. Sep 18 28. Sep 18 370 $26.92 $9,950
02. Oct 18 Buy David Maness Individual 28. Sep 18 28. Sep 18 123 $26.92 $3,313
15. Mar 19 Buy Joseph LaFramboise Individual 28. Sep 18 28. Sep 18 342 $26.92 $9,200
02. Oct 18 Buy Thomas Kleinhardt Individual 28. Sep 18 28. Sep 18 310 $26.92 $8,350
02. Oct 18 Buy G. Hubscher Individual 28. Sep 18 28. Sep 18 273 $26.92 $7,350
02. Oct 18 Buy Jill Bourland Individual 28. Sep 18 28. Sep 18 144 $26.92 $3,875
02. Oct 18 Buy Jeffrey Barnes Individual 28. Sep 18 28. Sep 18 273 $26.92 $7,350
X
Management checks
We assess Isabella Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Isabella Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ISBA News

Simply Wall St News

ISBA Company Info

Description

Isabella Bank Corporation operates as the bank holding company for Isabella Bank that provides various banking services to businesses, institutions, and individuals and their families. Its deposit products include checking accounts, savings accounts, certificates of deposit, direct deposits, and money market accounts. The company’s loan portfolio comprises commercial, agricultural, and residential real estate loans, as well as consumer loans, including secured and unsecured personal loans. It also offers cash management, mobile and Internet banking, electronic bill pay, automated teller machines, trust and investment, and safe deposit box rental services; and group and credit life, health, accident, disability, and other insurance products, as well as other employee benefit programs. The company operates 30 banking offices located throughout Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw counties. Isabella Bank Corporation was founded in 1903 and is based in Mount Pleasant, Michigan.

Details
Name: Isabella Bank Corporation
ISBA
Exchange: OTCPK
Founded: 1903
$176,947,162
7,917,099
Website: http://www.isabellabank.com
Address: Isabella Bank Corporation
401 North Main Street,
Mount Pleasant,
Michigan, 48858,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK ISBA Common Stock Pink Sheets LLC US USD 03. Oct 2003
Number of employees
Current staff
Staff numbers
371
Isabella Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 00:12
End of day share price update: 2019/08/16 00:00
Last earnings filing: 2019/08/01
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.