ISABELLA BANK Corp (ISBA) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	53.3	51.4	54.1	54.2	49.2	43.5	38.5	35.9
Interest income on investments	8.4	4.9	5.2	7.2	8.2	8.4	8.6	9.1
	65.8	60.1	64.2	67.3	63.9	58.4	53.7	51.5
Interest expense:
Interest on deposits	4.0	5.4	8.9	11.6	9.3	6.8	5.8	5.9
Interest on borrowings	0.2	1.3	4.9	6.2
	5.3	7.4	13.8	17.9	15.6	12.5	10.9	10.2
Net interest income	60.5	52.7	50.3	49.4	48.2	45.9	42.8	41.3
Provision for loan losses	0.5	-0.5	1.7	0.0	1.0	0.3	-0.1	-2.8
Net interest income after provision for loan losses	60.0	53.2	48.7	49.4	47.3	45.7	42.9	44.1
Deposit and loan fees	8.7	7.6	6.5	6.3	6.2	6.0	5.2
Gain on sale of investments, net	0.6	1.7	2.7	0.7	0.5		0.8	0.2
Other non-interest income	4.3	4.5	5.2	9.4	4.2	4.8	5.1	10.2
Total non-interest income	13.7	13.8	14.4	16.4	11.0	10.8	11.1	10.4
Non-interest expenses	46.8	43.7	51.2	43.1	42.9	40.3	37.9	36.1
Pre-tax income before non-recurring items	26.8	23.3	11.9	14.4	15.4	16.3	16.1	18.7
Non-recurring items								0.3
Pre-tax income	26.8	23.3	11.9	14.4	15.4	16.3	16.1	18.4
Income taxes	4.6	3.8	1.0	1.4	1.4	3.0	2.3	3.3
Tax rate	17.2%	16.5%	8.3%	9.6%	8.9%	18.6%	14.5%	17.9%
Net income	22.2	19.5	10.9	13.0	14.0	13.2	13.8	15.1
Net margin	30.2%	29.1%	17.2%	19.8%	24.1%	23.4%	25.5%	27.8%

Basic EPS	$2.95	$2.48	$1.37	$1.65	$1.78	$1.69	$1.77	$1.95
Diluted EPS	$2.91	$2.45	$1.34	$1.61	$1.74	$1.65	$1.73	$1.90

Shares outstanding (basic)	7.5	7.9	8.0	7.9	7.9	7.8	7.8	7.8
Shares outstanding (diluted)	7.6	8.0	8.1	8.1	8.1	8.0	8.0	8.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.