ISABELLA BANK CORPORATION
ANNUAL REPORT
CULTURE
In a highly commoditized industry, such as ours, culture serves as a strategic
asset. This past year, we compiled a series of thoughts and values shared
over the years about our culture into a book. We hope you enjoy reading
excerpts from the book in this year’s annual report.
2014 YEAR in REVIEW
David J. Maness, Chairman and Jae A. Evans, Chief Executive Officer
OUR MISSION STATEMENT
To create an operating environment that will provide shareholders with
sustained growth in their investment while maintaining our independence.
TO OUR SHAREHOLDERS, CUSTOMERS, AND NEIGHBORS,
Once again, we celebrated record earnings, strong dividend growth, and several product
launches in 2014. The Detroit Free Press named us to their list of Top 100 Workplaces
and the Michigan Bankers Association recognized us for our continued commitment to
financial literacy. We are pleased to share with you highlights from this past year as well
as a preview of 2015.
DRIVING SHAREHOLDER VALUE
Maximizing shareholder value through dividend and
stock price appreciation is vital to our future success
and independence. Our strategic plan focuses on
building shareholder value by increasing profitability
and expanding the visibility of our stock.
Profitability allows us to pay our shareholders
dividends and retain earnings for future growth
opportunities. In 2014, we celebrated record earnings
of $13.72 million, a $1.21 million or 9.70% increase
over 2013. In addition, we increased our cash dividend
EQUAL EMPLOYMENT OPPORTUNITY
The equal employment opportunity clauses in Section 202 of the Executive Order 11246, as amended; 38 USC 4212, Vietnam Era Veterans
Readjustment Act of 1974; Section 503 of the Rehabilitation Act of 1973, as amended; relative to equal employment opportunity and implementing
rules and regulations of the Secretary of Labor are adhered to and supported by Isabella Bank Corporation and its subsidiaries.
for the 33rd consecutive year to $0.89 per share, a
5.95% increase over the prior year. Based upon our
average stock price of $22.51 for December 2014, our
shareholders received an annualized cash dividend
yield of 3.95%.
“Based upon our
average stock
price of $22.51
for December
2014, our
shareholders
Received an
annualized
cash dividend
yield of 3.95%.”
In August 2014, we moved our stock
to the OTCQX Banks tier of the OTC
Markets Group’s electronic quotation
system. This tier
is exclusively
designed for established community
and regional banks, which allows
us to differentiate ourselves from
start-up companies and improve our
stock’s visibility on a national level. To
be eligible for this market, financial
institutions are required to meet
high financial standards, stay current
with all disclosures required by the
Securities and Exchange Commission and our banking
regulators, remain compliant with security laws, and
be sponsored by a corporate broker.
When we transitioned to the OTCQX Banks tier, our
Board selected a regionally recognized firm, Boenning
& Scattergood, Inc., to serve as our corporate broker.
A corporate broker performs many duties, one of
which is to increase a stock’s visibility in the market.
Boenning & Scattergood’s knowledge of community
bank securities, coupled with their reputation, made
them the ideal choice.
In addition to these efforts, our investor website,
shareholder and community events, and press
releases are part of a communication strategy to bring
awareness to our stock. Our website provides stock
information, dividend history, financial
data, and biographies of our directors
for those seeking to learn more about
our company. It also allows individuals
to enroll for daily stock price alerts
and stay current with our latest news.
Events complement these
initiatives
by providing us an opportunity to
personally connect with current and
potential shareholders.
DELIVERING CUSTOMER EXPERIENCE
From our traditional branch network
and bank products to our electronic and
financial planning services, we have a complete array
of solutions to serve our customers. This past year,
we remodeled three offices and started on a fourth,
introduced four new electronic services, and expanded
our investment and trust department to accommodate
the growing financial needs of our customers.
We have included pictures below of the building
projects we completed in 2014. Last fall, we finished
our expansion project in Midland which gave us room
to add a business development lender and financial
advisor. The Midland market continues to be an area
Midland Office
Shepherd Office
Ithaca Office
CONVENIENCE ACROSS BANKING
CHANNELS
Even as bankers, we cannot always find time
during the day to make a deposit or apply for a
loan. For some customers, banking is an errand,
an obstacle that stands between them and their
free time. In 2014, we introduced four new
electronic services designed to make banking
more convenient for our customers:
Online consumer loan application -
convenient access to apply online for a
vehicle, boat, or RV loan.
iPad application - tailored view of online
banking information designed for the
tablet experience.
Person-to-Person (P2P) payments -
send money electronically to another
individual using their email address.
Mobile Deposit - take a picture of a
check with a smartphone to make an
electronic deposit.
of growth for us and the additional staff will position
us well for the future. We also completed interior
renovations of both our Shepherd and Ithaca offices
and started an expansion project of our South Mission
office in Mt. Pleasant. We take great pride in our offices
and encourage you to stop in to see the improvements.
While we enjoy when our customers visit our offices,
we also understand it is not always the most convenient
way to bank for everyone. In 2014, we introduced
online consumer loan applications, an iPad® application
for our online banking customers, Person-to-Person
payments, and Mobile Deposit. These services give
individuals who want to apply for a loan, pay someone
electronically, view account information, and deposit
a check an alternative to traditional branch banking.
We have included a short article about these services
to the right.
Outside of our bank products, our customers also
have convenient access to financial advisors and trust
officers. Our investment and trust services complement
our traditional bank products and provide us with
additional sources of revenue. In 2014, the assets
managed by our investment and trust group grew by
9.24% which accounted for a 28.31% increase in net
revenues when compared to 2013. To accommodate
this growth, as well as future growth, we expanded our
sales and support team in 2014.
LOOKING AHEAD
From new technology enhancements to the expansion
of our loan products, we look forward to adding
convenience to both our customer and shareholder
experiences in 2015. We wanted to share just a few of
the initiatives currently underway.
A new option with our personal checking accounts
called Bank-to-Bank (B2B) transfers will complement
both our Mobile Deposit and Person-to-Person
payment solutions. Bank-to-Bank transfers allow
Exceeding expectations.
We strive to have devoted customers who speak
passionately about our Bank and recommend us
to their friends, neighbors, and co-workers. In
order to “WOW” the customer, we must exceed
their expectations.
-ISABELLA BANK CULTURE BOOK
during the past few years. While we cannot control
the security practices of other businesses, we can
take precautionary measures to help minimize our
risk. In 2015, we will prepare to deploy debit cards
with the new EMV (Europay, MasterCard®, and
Visa®) technology. Each card will contain a microchip,
which when used at a merchant with a chip-enabled
register, will add another layer of security to debit
customers to send money electronically to and from
their accounts at another financial institution.
We are also expanding our consumer and mortgage
product offerings in 2015 through two new strategic
initiatives. While we currently offer indirect financing
of automobiles and recreational vehicles through our
local dealerships, we will be enhancing our program
to become more efficient
and generate more leads.
The second initiative will
allow us to offer new
mortgage
in
our markets
including
Federal Housing
both
Administration (FHA) and
Veterans
Administration
(VA) loans. Adding these
new products and services
will
improve our ability
to compete with other
financial institutions in the
communities we serve.
products
SUR VEY PLACES CORPORATION
IN TOP 100 WORKPLACES
For the past two years, we have asked our
employees to participate in a survey from
the Detroit Free Press. The survey includes
questions about compensation, benefits,
advancement opportunities, and our culture.
The results are then compiled into the annual
Detroit Free Press Top 100 Workplaces list.
Within our strategic plan, one of our goals
is to be the employer of choice in our
markets. The Detroit Free Press survey is
just one way that we can gauge employee
satisfaction. We are pleased to share we
made the list for the second year in a row.
In 2014, we ranked eighth in the category
of midsize companies.
Over the last few years,
several of our shareholders
have requested electronic
shareholder statements.
We are pleased to report
we will
launch a new
shareholder portal with
this capability by the end
of 2015. Within the site,
shareholders will be able
statements,
to
view
transactions, and
request address changes.
Look for more information
about this new service
correspondence.
access
card purchases.
team.
reflect upon
As we
last year and our
the
for 2015, our
plans
accomplishments
are
not possible without an
incredible
We
would be remiss if we did
not take a few moments
to recognize and celebrate
the tremendous efforts
put forth by our employees
as well as the support and
loyalty of our shareholders
and customers. You are
the heart and soul of our
organization. On behalf
of our Board, thank you
for making an investment
in your local community
bank. We look forward
to visiting with you at
our annual shareholder
meeting on May 5, 2015 at
5:00 p.m. at the Comfort
Inn Conference Center in
Mt. Pleasant.
in future shareholder
The data breaches at several well-known retailers
affected many individuals using debit or credit cards
Jae A. Evans, CEO
David J. Maness, Chairman
Every employee directly impacts the future
of our organization.
-ISABELLA BANK CULTURE BOOK
Employee Recognition
In 2014, we celebrated alongside our employees as they hit both professional and personal
milestones. Please help us recognize the following employees on their recent officer promotions,
banking school graduations, and retirements.
OFFICER PROMOTIONS
Tom Wallace
Senior Vice President, Retail Lending
Kim Betts
Vice President, Collections
Tom Gross
Vice President, Business Development
Julie Huber
Vice President, Chief Technology Officer
Greg Mapes
Vice President, Deposit Administration
Patrick Mease
Vice President, Human Resources
Amy Vogel
Vice President, Chief Risk Officer
Sandy Yuncker
Vice President, Customer Service
Bob Byram
Assistant Vice President, Business Development
Miles Coffland
Assistant Vice President, Auditing
Jennifer Gill
Assistant Vice President, Finance and Reporting
Adam House
Assistant Vice President, Compliance
Chari Turnwald
Assistant Vice President,
Bank Secrecy Act/Anti-Money Laundering
Mellissa Farrell
Branch Officer
Paul Scoby
Business Development Officer
In 2014, OUR employees dOCUMENTED more than
6,500 volunteer
hours of communit y ser vice.
ABA NATIONAL & INTERMEDIATE
COMPLIANCE SCHOOLS
Adam House
Assistant Vice President, Compliance
GRADUATE SCHOOL OF BANKING –
MADISON
Andrew Martin
Senior Credit Analyst, Commercial Loans
Erika Ross
Vice President, Marketing
Aaron Wirsing
Vice President, Finance and Reporting
MBA PERRY SCHOOL OF BANKING
Mari Kay Bleeker
Financial Services Representative
Bob Byram
Assistant Vice President, Business Development
Michele O’Brien
Staff Auditor, Auditing
RETIREMENTS
Angie Antcliff, Greenville 9 years
Beth Beltnick, Mt. Pleasant 11 years
Kathy Clouse, Mt. Pleasant 36 years
Melody Darnell, Farwell 43 years
Jim Dennis, Mt. Pleasant 15 years
Vickie Dysinger, Farwell 21 years
Dan Eversole, Mt. Pleasant 8 years
Karen Hoppe, Hemlock 20 years
Margaret Lawson, Lake 33 years
Dewey Murray, Mt. Pleasant 44 years
Paul Siers, Mt. Pleasant 36 years
Keith Spycher, Mt. Pleasant 34 years
2014 Financial Repor t
Dennis P. Angner, President & Chief Financial Officer
I am pleased to share that continued dedication to our culture, which consists of commitment
to our core community banking principles and focus on long term sustainable growth, has once
again led to record net income in 2014.
During the year, we earned a record $13.72 million
resulting in earnings per common share of $1.77. Our
continued strong earnings have primarily been the
result of improvements in credit quality indicators
including reductions in net loan charge-offs and
historically low levels of nonperforming and past due
loans. These improvements led to a reduction in the
level of the allowance for loan and lease losses in
both amount and as a percentage of gross loans. This
resulted in a reversal in the provision for loan losses of
$668,000 for the year.
During the year, total assets grew by 3.78% to $1.55
billion, and assets under management increased to
$2.22 billion which includes loans sold and serviced
and assets managed by our Investment and Trust
Services Department of $672.52 million. We enjoyed
total loan growth of $25.55 million which was driven
by commercial and agricultural loan growth of $51.99
million. This was partially offset by declines in both
residential real estate and consumer loans of $26.44
million as demand for residential real estate loans
remained soft and the market for consumer loans
continued to be dominated by direct financing from
automobile manufacturers.
While our net yield on interest earning assets of 3.45%
remains historically low, it has stabilized. The low
net yield on interest earning assets is a direct result
of accommodative Federal Reserve Bank monetary
policy. While we expect the Federal Reserve Bank to
increase short term interest rates in 2015, we do not
anticipate any significant improvements in our net
yield on interest earning assets as the rates paid on
interest bearing liabilities will likely increase faster than
those of interest earning assets. Net interest income
will increase only through continued growth in loans,
investments, and other income earning assets.
Looking forward to 2015, I am confident that we
will be able to increase net interest income through
continued growth in our balance sheet. Additionally,
we have several strategic initiatives in place to increase
noninterest income and limit or reduce noninterest
expenses. In closing, I encourage you to review the
following pages which outline our key performance
measures and ratios.
Dennis P. Angner, CFO
Investing in Our Future
Our employees and directors have a vested interest in the success of
our organization. As of December 31, 2014, our employees, directors
and their families owned approximately 9.4% of our outstanding shares.
Financial Highlights
(Dollars in thousands except per share data)
Income Statement Data
Interest Income
Interest Expense
Net Interest Income
Provision for Loan Losses
Noninterest Income
Noninterest Expenses
Federal Income Tax Expense
Net Income
Per Share Data
Basic Earnings
Diluted Earnings
Dividends
Tangible Book Value*
Quoted Market Value
High
Low
Close*
2014
2013
2012
2011
2010
$ 53,951
$ 9,970
$ 43,981
($ 668)
$9,325
$ 37,906
$2,344
$ 13,724
$ 1.77
$ 1.74
$ 0.89
$ 16.59
$ 24.00
$ 21.73
$ 22.50
$ 54,076
$ 11,021
$ 43,055
$ 1,111
$10,175
$ 37,413
$2,196
$ 12,510
$ 1.63
$ 1.59
$ 0.84
$ 15.62
$ 26.00
$ 21.12
$ 23.85
$ 56,401
$ 13,423
$ 42,978
$ 2,300
$11,530
$ 37,639
$2,363
$ 12,206
$ 1.61
$ 1.56
$ 0.80
$ 14.72
$ 24.98
$ 21.75
$ 21.75
$ 57,905
$ 16,203
$ 41,702
$ 3,826
$ 8,218
$ 34,530
$ 1,354
$ 10,210
$ 1.35
$ 1.31
$ 0.76
$ 13.90
$ 24.45
$ 17.10
$ 23.70
$ 57,217
$ 17,204
$ 40,013
$ 4,857
$9,300
$ 33,807
$1,604
$ 9,045
$ 1.20
$ 1.17
$ 0.72
$ 13.22
$ 19.00
$ 15.75
$ 17.30
Common Shares Outstanding*
7,776,274
7,723,023
7,671,846
7,589,226
7,550,074
Performance Ratios
Return on Average Total Assets
Return on Average Shareholders’ Equity
Return on Average Tangible Shareholders’ Equity
Net Interest Margin Yield
(Fully Taxable Equivalent)
0.90%
8.06%
10.80%
3.45%
0.86%
7.67%
10.71%
3.50%
0.88%
7.60%
11.41%
3.70%
0.79%
6.74%
10.30%
3.87%
0.76%
6.22%
9.51%
4.04%
Balance Sheet Data*
Gross Loans
Available-for-Sale Securities
Total Assets
Deposits
Borrowed Funds
Shareholders’ Equity
Gross Loans to Deposits
Assets Under Management*
2014
2013
2012
2011
2010
$ 833,582
$ 567,534
$ 808,037
$ 512,062
$ 772,753
$ 504,010
$ 750,291
$ 425,120
$ 735,304
$ 330,724
$ 1,549,543
$ 1,493,137
$ 1,430,639
$ 1,337,925
$ 1,225,810
$ 1,074,484
$ 1,043,766
$ 1,017,667
$ 289,709
$ 174,594
77.58%
$ 279,326
$ 160,609
77.42%
$ 241,001
$ 164,489
75.93%
$ 958,164
$ 216,136
$ 154,783
78.31%
$ 877,339
$ 194,917
$ 145,161
83.81%
Loans Sold with Servicing Retained
$ 288,639
$ 293,665
$ 303,425
$ 302,636
$ 312,252
Assets Managed by our Investment
& Trust Services Department
$ 383,878
$ 351,420
$ 319,301
$ 297,393
$ 307,983
Total Assets Under Management
$ 2,222,060
$ 2,138,222
$ 2,053,365
$ 1,937,954
$ 1,846,045
Asset Quality*
Nonperforming Loans to Gross Loans
Nonperforming Assets to Total Assets
Allowance for Loan and Lease
Losses to Gross Loans
Capital Ratios*
Shareholders' Equity to Assets
Tier 1 Capital to Average Assets
Tier 1 Risk-Based Capital
Total Risk-Based Capital
0.50%
0.33%
0.42%
0.32%
1.00%
0.68%
0.95%
0.67%
0.83%
0.67%
1.21%
1.42%
1.54%
1.65%
1.68%
11.27%
8.59%
14.08%
15.18%
10.76%
8.46%
13.67%
14.92%
11.50%
8.29%
13.23%
14.48%
11.57%
8.18%
12.92%
14.17%
11.84%
8.24%
12.44%
13.69%
* at end of year
Total Assets Assets Under Management
Net Income
Dividends Per Common Share
Ending Stock Price
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2014
Focused on the customer we place
our highest value on
INTEGRIT Y.
This is the foundation for every experience
we have with our customers.
-ISABELLA BANK CULTURE BOOK
BOARD OF DIRECTORS
Pictured left to right: G. Charles Hubscher, W. Michael McGuire, David J. Maness, Joseph LaFramboise, Dennis P. Angner,
Dr. Jeffrey J. Barnes, Jae A. Evans, Thomas L. Kleinhardt, Sarah R. Opperman, Richard J. Barz, and W. Joseph Manifold, CPA
DAVID J. MANESS - Chairman
President,
Maness Petroleum Corporation
JAE A. EVANS
Chief Executive Officer,
Isabella Bank Corporation
DENNIS P. ANGNER
President and Chief Financial Officer,
Isabella Bank Corporation
DR. JEFFREY J. BARNES
Physician and Shareholder,
Lansing Ophthalmology, PC
RICHARD J. BARZ
Chief Executive Officer (retired),
Isabella Bank Corporation
G. CHARLES HUBSCHER
President,
Hubscher and Son, Inc.
JOSEPH LAFRAMBOISE
Sales and Marketing Executive (retired),
Ford Motor Company
THOMAS L. KLEINHARDT
President,
McGuire Chevrolet
W. JOSEPH MANIFOLD, CPA
Chief Financial Officer,
Federal Broach & Machine Co.
W. MICHAEL MCGUIRE
Director of the Office of the Corporate Secretary (retired),
The Dow Chemical Company
SARAH R. OPPERMAN
Principal,
Opperman Consulting, LLC
As of March 2015
While banking is a commodity, it is still a people
business, and people do business with people.
Our employees separate us from our competition.
-ISABELLA BANK CULTURE BOOK
SENIOR OFFICERS
& DIVISION BOARDS
ISABELLA BANK CORPORATION
OFFICERS
JAE A. EVANS
Chief Executive Officer
DENNIS P. ANGNER
President,
Chief Financial Officer
BARBARA A. PLACE, CPA, CBA, CRCM
Senior Vice President
PEGGY L. WHEELER
Senior Vice President
DEBRA A. CAMPBELL
Vice President
CYNTHIA J. DIEHM
Vice President
JULIE A. HUBER, CGEIT
Vice President,
Chief Technology Officer
PATRICK J. MEASE, SPHR, SHRM-SCP
Vice President
PATRICIA A. PLAXTON
Vice President
AMY C. VOGEL
Vice President,
Chief Risk Officer
AARON D. WIRSING
Vice President
ISABELLA BANK OFFICERS
STEVEN D. PUNG
President
JEROME E. SCHWIND
Executive Vice President,
Chief Operations Officer
DAVID J. REETZ
Senior Vice President,
Chief Lending Officer
BARBARA B. DIEHM
Senior Vice President
THOMAS J. WALLACE
Senior Vice President
KIMBERLY K. BETTS
Vice President
JAMES L. BINDER
Vice President
JULIE F. BOLT
Vice President
ISABELLA BANK OFFICERS CONT.
MARK K. DENOYELLES
Vice President
RANDY J. DICKINSON, CPA, CTFA
Vice President
THOMAS N. GROSS
Vice President
MICHAEL K. HUENEMANN
Vice President
ROBERT K. MADSEN
Vice President
GREGORY S. MAPES
Vice President
BRECKENRIDGE DIVISION BOARD OF
DIRECTORS
GREGORY V. VARNER - Chairman
DENNIS P. ANGNER
DAVID J. KING
TIMOTHY M. MILLER
STEVEN D. PUNG
JEFFREY E. SHERWOOD
KIRK L. SMITH
BRENT C. WILSON
FARWELL DIVISION BOARD OF
DIRECTORS
GREGORY S. MATTHEWS
HERBERT R. MILLER - Chairman
Vice President
ERIKA M. ROSS
Vice President
CARRIE S. SMITH
Vice President
JEFFREY W. SMITH
Vice President
LEO R. WICKERT, State Licensed Appraiser
Vice President
SANDY M. YUNCKER
Vice President
BRECKENRIDGE DIVISION OFFICERS
TIMOTHY M. MILLER
President
BRIAN K. GOWARD
Vice President
BARBARA K. MCKENZIE
Vice President
GREENVILLE DIVISION OFFICERS
RICHARD K. RUSSO
President
KATHY J. KORSON
Vice President
DAVID W. SEPPALA
Vice President
MECOSTA DIVISION OFFICERS
KEITH E. KENNEY
President
THOMAS E. KEDROWSKI
THOMAS L. KLEINHARDT
W. MICHAEL MCGUIRE
STEVEN D. PUNG
LARRY R. SCHOFIELD
GREENVILLE DIVISION BOARD OF
DIRECTORS
JAMES M. MULLENDORE, JR. - Chairman
DENNIS P. ANGNER
DR. KIRKWOOD E. FABER
DEBRA JORGENSEN-HUCH
ALEXANDER R. KEMP
GREGORY D. MILLARD
STEVEN D. PUNG
RICHARD K. RUSSO
BRIAN R. SACKETT
MECOSTA DIVISION BOARD OF
DIRECTORS
DR. RALPH P. CREW
KEVIN J. DEFEVER
LAWRENCE E. EMIG
KEITH E. KENNEY
JOSEPH LAFRAMBOISE
STEVEN D. PUNG
As of March 2015
Stock Information
Isabella Bank Corporation common stock is traded in the over the counter market. The common stock is quoted on the OTCQX
tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA”. Other
trades in the common stock occur in privately negotiated transactions from time to time of which the Corporation may have
limited or no information. Current stock price and availability can be obtained by contacting a licensed broker, the Isabella Bank
Investment and Trust Services Department, Boenning & Scattergood Inc., or Shareholder Services.
Shareholder Ser vices
For more information, contact Debra Campbell
(989) 779-6237 | 401 North Main Street, Mt. Pleasant, MI 48858
or www.isabellabank.com Investors
Transfer Agent
Isabella Bank Corporation
(989) 779-6237 | 401 North Main Street, Mt. Pleasant, MI 48858
CORPORATE BROKER
Boenning & Scattergood, Inc.
(866) 326-8113 | 9922 Brewster Lane, Powell, OH 43065
or www.boenninginc.com
Legal Counsel
Foster Swift Collins & Smith, PC
313 South Washington Square, Lansing, MI 48933
or www.fosterswift.com
Independent CER TIFIED Public Accounting Firm
Rehmann Robson, LLC
5800 Gratiot Rd. Suite 201, Saginaw, MI 48638
or www.rehmann.com
ANNUAL SHAREHOLDER MEETING
May 5, 2015 at 5:00 p.m.
Comfort Inn Conference Center l 2424 South Mission Street, Mt. Pleasant, MI 48858
ISBA
This report includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future,
please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the
factors that could cause materially different results is included in the sections entitled “Risk Factors” and “Forward Looking Statements” set
forth in Isabella Bank Corporation’s filings with the Securities and Exchange Commission, which are available from the Securities and Exchange
Commission’s Public Reference facilities and from its website at www.sec.gov.
401 NORTH MAIN STREET, MT. PLEASANT, MI 48858
27 Convenient locations
Barryton
Beal City
Big Rapids (2)
Blanchard
Breckenridge
Canadian Lakes
Clare (2)
Farwell
Freeland
Greenville
Hemlock
Ithaca
Lake
Lake Isabella
Midland
Mt. Pleasant (5)
Remus
Shepherd
Six Lakes
Stanton
Weidman