Midwestone financial group, inc. (MOFG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Cash flows from operating activities:
Net (loss) income

43,630

30,351

18,699

20,391

25,118

18,522

18,607

16,534

13,311

10,130

4,409

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Credit loss expense

7,158

7,300

17,334

7,983

5,132

1,200

1,350

2,379

3,350

5,950

7,725

Depreciation, amortization, and accretion

2,751

9,045

8,434

-

-

-

-

-

-

-

-

Depreciation, amortization and accretion

-

-

-

4,450

3,284

2,174

-

-

-

-

-

Amortization of premium on junior subordinated notes issued to capital trusts

-

-

-

105

-

-

-

-

-

-

-

Amortization of Intangible Assets

-

-

-

3,970

3,271

547

-

-

-

-

-

Amortization of net premiums on debt securities available for sale

-

-

-

-1,624

-1,833

-1,505

-

-

-

-

-

Depreciation, amortization and accretion

-

-

-

-

-

-

5,162

5,422

5,322

5,742

5,844

Net loss (gain) on sale of premises and equipment

-119

20

2

-44

-29

-1

-3

4,188

-195

-709

8

Share-based compensation

1,156

1,030

868

731

634

493

384

266

220

190

96

Net (gain) on sale or call of debt securities available for sale

87

197

188

-

-

-

-

-

-

-

-

Net (gains) losses on equity securities

-

-

-

0

-

-

-

-

-

-

-

Net gain on sale or call of debt securities available for sale

-

-

-

464

1,011

1,227

65

-

-

-

-

Net (gain) loss on call of debt securities held to maturity

3

-4

53

0

0

-

-

-

-

-

-

Net gain on sale of foreclosed assets, net

-87

241

28

-

-

-

-

-

-

-

-

Writedown of foreclosed assets

170

22

58

675

0

66

33

326

132

-

232

Net gain on sale or call of available for sale securities

-

-

-

-

-

-

-

805

490

453

813

Net gain on sale of foreclosed assets, net

-

-

-

795

332

74

-115

196

194

301

-

Net gains on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-184

Net gain on sale of loans held for sale

2,297

1,725

1,794

2,475

1,794

507

1,237

2,157

1,324

1,942

1,929

Writedown of other real estate owned

-

-

-

-

-

-

-

-

-

112

-

Other-than-temporary impairment of investment securities

-

-

-

-

-

-

-

345

9

189

2,404

Origination of loans held for sale

115,694

66,180

87,579

132,003

129,129

42,410

82,282

152,389

108,846

172,209

223,146

Proceeds from sales of loans held for sale

114,605

68,108

92,758

133,424

128,537

42,473

84,357

155,306

108,917

174,657

229,146

Gain (Loss) on Disposition of Business

1,076

0

0

-

-

-

-

-

-

-

-

Recognition of previously deferred expense related to pension plan settlement

-

-

-

-

-

-

-

3,002

0

0

-

Pension plan contribution

-

-

-

-

-

-

-

3,031

0

2,000

0

Increase in accrued interest receivable

-

-

-

135

167

489

117

-130

-226

-886

-

Increase in cash surrender value of bank-owned life insurance

1,877

1,610

1,388

1,366

1,307

1,102

922

-

-

-

-

Increase in deferred income taxes, net

-

-

-

-2,853

1,300

2,502

-1,454

-

-

-

-

Excess tax benefit from share-based award activity

-

-

-

0

0

-

-

-

-

-

-

Increase (decrease) in deferred income taxes, net

-2,708

676

-744

-

-

-

-

54

389

329

2,284

Change in:
Decrease in accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-202

Increase in cash surrender value of bank-owned life insurance

-

-

-

-

-

-

-

953

951

654

778

Other assets

-1,917

6,996

5,309

-3,496

-3,037

-485

-5,822

-1,280

1,714

557

3,747

Other liabilities

-5,953

4,548

-1,482

-

-

-

-

-

-

-

-

Increase in deferred compensation liability

-

-

-

48

83

-76

-86

-88

-69

-120

2,246

Other liabilities

-

-

-

1,334

-

-

-

-

-

-

-

Increase (decrease) in accounts payable, accrued expenses, and other liabilities

-

-

-

-

-5,810

-819

-1,410

-

-

-

-

Net cash provided by operating activities

47,314

42,763

41,072

38,184

32,708

-

-

-

-

-

-

Decrease in accrued interest payable, accounts payable, accrued expenses, and other liabilities

-

-

-

-

-

-

-

1,409

6,030

478

-7,975

Net cash provided by operating activities

-

-

-

-

-

23,264

28,260

22,538

23,735

20,478

11,808

Cash flows from investing activities:
Purchases of equity securities

10

509

0

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Proceeds from sales of debt securities available for sale

125,452

14,490

22,538

-

-

-

-

-

-

-

-

Purchases of equity securities

-

-

-

1,007

-

-

-

-

-

-

-

Proceeds from sales of available for sale investment securities

-

-

-

23,400

116,829

33,457

12,447

18,307

0

16,948

50,179

Proceeds from maturities and calls of debt securities available for sale

91,256

73,719

67,743

84,612

70,806

64,669

103,200

130,432

135,954

176,160

74,039

Purchases of debt securities available for sale

289,733

61,512

62,849

-

-

-

-

-

-

-

-

Purchase of available for sale investment securities

-

-

-

165,611

25,424

67,892

74,582

172,060

198,364

296,271

211,794

Proceeds from sales of debt securities held to maturity

1,381

0

1,153

0

0

-

-

-

-

-

-

Proceeds from maturities and calls of debt securities held to maturity

7,008

5,509

15,477

12,080

4,669

1,147

1,232

722

2,000

3,966

1,876

Purchase of debt securities held to maturity

0

6,008

44,024

62,231

29,182

20,052

1,185

31,348

0

0

1,814

Net decrease (increase) in loans, net of unearned income

88,960

-

-

-

-

-

-

-

-

-

-

Net decrease (increase) in loans, net of unearned income

-

118,710

133,836

-

-

-

-

-

-

-

-

Net (increase) decrease in loans, net of unearned income

-

-

-

20,648

106,278

45,911

54,477

53,560

52,848

-

-

Increase in loans

-

-

-

-

-

-

-

-

-

20,480

-

Decrease in loan pool participations, net

-

-

-

-

19,332

6,201

10,117

14,402

15,819

17,181

-

(Increase) decrease in loans

-

-

-

-

-

-

-

-

-

-

-37,457

Decrease in loan pool participations, net

-

-

-

-

-

-

-

-

-

-

-9,880

Purchases of premises and equipment

2,186

5,568

4,988

5,634

14,869

12,320

4,521

3,518

2,749

3,339

3,075

Proceeds from sale of foreclosed assets

2,071

2,268

1,216

-

-

-

-

-

-

-

-

Proceeds from sale of other real estate owned

-

-

-

8,744

3,594

650

1,581

2,976

1,748

3,717

2,558

Proceeds from sale of premises and equipment

56

657

32

2,299

1,132

57

18

5,244

297

2,426

51

Proceeds from sale of assets held for sale

0

895

0

0

-

-

764

-

0

-

-

Proceeds of principal and earnings from bank-owned life insurance

0

452

0

430

0

488

0

-

-

-

-

Purchases of bank owned life insurance

0

0

11,212

0

0

7,930

0

-

-

8,000

0

Proceeds from sale of assets of MidWestOne Insurance Services, Inc.

1,175

0

0

-

-

-

-

-

-

-

-

Payments to acquire intangible assets

0

125

0

0

-

-

-

-

-

-

-

Net cash acquired in business acquisition

47,315

0

0

-

-

-

-

-

-

-

-

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

35,596

0

0

-

-

-

-

Net cash (used in) investing activities

72,745

-94,442

-148,750

-123,585

5,013

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-47,436

-5,406

-88,403

-98,143

-66,732

-40,643

Cash flows from financing activities:
Cash flows from financing activities:
Deposits

25,723

7,610

124,871

16,927

5,812

33,600

-24,791

93,091

87,314

39,460

51,679

Short-term borrowings

92,834

-

20,642

-

-

-

-

-

-

-

-

Short-term borrowings

-

34,193

-

-

-

-

-

-

-

-

-

Proceeds and effect of tax from share-based compensation

-

-

-

-

-

282

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

320

-

-

-

-

Redemption of subordinated note

-

-

-

-

12,669

0

0

-

-

-

-

Proceeds from other long-term debt

-

-

-

-

25,000

0

0

-

-

-

-

Long-term debt

-

-

-

5,000

2,500

0

0

-

-

-

-

Long-term debt

-8,363

16,000

-5,000

-

-

-

-

-

-

-

-

Increase (decrease) in federal funds purchased

-

-

-

-34,184

15,908

-11,926

-5,482

8,920

-8,920

1,875

11,175

Decrease in securities sold under agreements to repurchase

-

-

-

14,724

-9,482

-362

-7,640

20,536

-1,907

7,096

-1,151

Proceeds from Federal Home Loan Bank borrowings

-

-

-

50,000

24,000

26,000

166,000

20,000

56,000

40,000

27,900

Repayment of Federal Home Loan Bank borrowings

-

-

-

22,000

30,000

39,900

179,300

40,000

43,000

43,000

56,482

Proceeds from share-based award activity

0

137

8

14

158

-

-

590

83

30

0

Excess tax benefit from share-based award activity

-

-

-

0

-

-

-

-

-

-

-

Taxes paid relating to the release/lapse of restriction on RSU's

103

89

114

0

0

-

-

-

-

-

-

Payments on long-term debt

-

-

-

-

-

-

-

-

-

-

52

Dividends paid

11,476

9,535

8,061

7,317

6,344

4,868

4,259

3,054

2,404

2,522

3,222

Issuance of common stock

0

0

25,688

0

7,900

0

0

-

-

-

-

Payment of stock issuance costs

323

0

1,328

0

0

-

-

-

-

-

-

Repurchase of common stock

4,679

2,129

0

0

-

3,987

967

1,810

1,498

0

0

Issuance of preferred stock

-

-

-

-

-

-

-

-

-

-

16,000

Redemption of preferred stock

-

-

-

-

-

-

-

-

16,000

0

0

Repurchase of common stock warrant

-

-

-

-

-

-

-

-

1,000

0

0

Net cash used in financing activities

-

-

-

-

-

22,691

-45,155

80,433

86,508

39,189

23,497

Net cash provided by financing activities

-92,055

46,187

115,422

81,532

-14,033

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

28,004

-5,492

7,744

-

-

-

-

-

-

-

-

Cash and cash equivalents:
Net increase in cash and cash equivalents

-

-

-

-3,869

23,688

-1,481

-22,301

14,568

12,100

-7,065

-5,338

Supplemental disclosures of cash flow information:
Cash paid during the period for interest

-

-

-

-

-

9,453

12,842

-

-

-

23,408

Cash paid during the period for interest

34,089

22,441

15,189

12,757

10,004

-

-

16,007

20,124

23,493

-

Cash paid during the period for income taxes

7,269

6,245

13,199

7,957

7,677

4,144

7,961

5,169

4,172

4,837

829

Supplemental schedule of non-cash investing and financing activities:
Supplemental schedule of non-cash investing and financing activities:
Transfer of loans to foreclosed assets, net

2,408

574

1,159

1,887

1,760

788

221

2,351

1,869

-

-

Transfer of premises and equipment to assets held for sale

580

895

0

0

-

-

-

-

-

-

-

Transfer from debt securities held to maturity to available for sale

186,400

0

0

-

-

-

-

-

-

-

-

Transfer due to Tax Cuts and Jobs Act of 2017, reclassified from AOCI to Retained Earnings, tax effect

-

-

-

-

0

-

-

-

-

-

-

Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) [Abstract]
Noncash assets acquired:
Liabilities assumed:
Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

3,743

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

5,613

Transfer of property to assets held for sale

-

-

-

-

-

-

-

764

0

0

-

Retained Earnings
Net Income (Loss) Attributable to Parent

-

-

-

20,391

-

-

-

-

-

-

-

Accounting Standards Update 2018-02
Transfer due to Tax Cuts and Jobs Act of 2017, reclassified from AOCI to Retained Earnings, tax effect

0

0

465

0

-

-

-

-

-

-

-

Accounting Standards Update 2016-01
Transfer due to adoption of ASU 2016-01, reclassified from AOCI to Retained Earnings.

0

57

0

0

-

-

-

-

-

-

-

ATBancorp
Total noncash assets acquired

1,357,663

-

-

-

-

-

-

-

-

-

-

Total liabilities assumed

1,291,301

-

-

-

-

-

-

-

-

-

-