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Related Party Transactions
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Dec. 31, 2013
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| Related Party Transactions | Note 19 – Related Party Transactions In the ordinary course of business, we grant loans to principal officers and directors and their affiliates (including their families and companies in which they have 10% or more ownership). Annual activity consisted of the following for the years ended December 31:
Total deposits of these principal officers and directors and their affiliates amounted to $6,158 and $6,871 at December 31, 2013 and 2012, respectively. In addition, the ESOP held deposits with the Bank aggregating $292 and $517, respectively, at December 31, 2013 and 2012. From time-to-time, we make charitable donations to the Isabella Bank Foundation (the “Foundation”), which is an affiliated nonprofit entity formed for the purpose of distributing charitable donations to recipient organizations generally located in the communities we service. Donations are expensed when committed to the Foundation. The assets and transactions of the Foundation are not included in our consolidated financial statements. Assets of the Foundation include cash and cash equivalents, certificates of deposit, and shares of Isabella Bank Corporation common stock. The Foundation owned 16,850 and 0 shares of our stock as of December 31, 2013 and 2012, respectively. Such shares are included in the computation of dividends and earnings per share. The following table displays ending asset balances of, and our donations to, the Foundation as of, and for the years ended, December 31:
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