Midwestone financial group, inc. (MOFG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Cash flows from operating activities:
Net (loss) income

-1,975

13,371

12,300

10,674

7,285

7,624

6,778

8,156

7,793

-1,590

6,342

7,234

6,713

3,870

6,222

4,755

5,544

8,238

7,615

4,469

4,796

3,907

4,889

4,753

4,973

4,422

4,864

4,531

4,790

4,352

4,238

3,512

4,432

3,345

3,838

3,223

2,905

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

21,733

604

4,264

696

1,594

3,250

950

1,250

1,850

10,669

4,384

1,240

1,041

4,742

1,005

1,171

1,065

1,490

2,141

901

600

300

150

300

450

300

250

600

200

650

575

575

579

800

750

900

900

Depreciation, amortization, and accretion

1,456

-

-

-

1,905

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, amortization and accretion

-

-

-

-

-

-

1,088

1,047

1,010

-

1,030

1,018

1,040

1,014

1,139

1,167

1,130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of premium on junior subordinated notes issued to capital trusts

-

-

-

-

-

-

24

24

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of Intangible Assets

-

-

-

-

-

-

547

589

657

-

759

804

849

924

970

1,015

1,061

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of net premiums on debt securities available for sale

-

-

-

-

-

-

-237

-248

-244

-

-263

-277

-373

-380

-328

-432

-484

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of operating lease right-of-use assets

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, amortization and accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,222

2,801

929

-

1,058

1,030

1,149

1,186

1,267

1,343

1,366

1,375

1,318

1,352

1,377

1,649

1,085

1,141

1,447

Net loss (gain) on sale of premises and equipment

-5

-64

-15

-52

12

636

-598

-17

-1

0

-4

8

-2

418

-211

-40

-211

-14

-5

-13

3

0

4

-8

3

1

-2

0

-2

-17

0

4,047

158

0

48

-195

-48

Share-based compensation

346

295

257

312

292

258

276

259

237

208

234

227

199

184

182

179

186

172

173

163

126

122

126

136

109

110

107

97

70

67

58

67

74

56

56

37

71

Net (gains) losses on equity securities

-

-

-

-

-

-

-11

1

-24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net losses on equity securities

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

42

-

19

32

17

-

192

0

9

-

176

20

0

-3

0

223

244

0

0

456

555

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

10

0

0

43

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of foreclosed assets, net

37

-62

-24

-15

14

1

190

-43

93

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Writedown of foreclosed assets

131

0

170

0

0

17

0

0

5

35

0

0

23

129

546

0

0

-

-

-

-

-

-

-

-

0

0

0

33

-

-

-

-

-

-

-

-

Net gain on sale or call of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

191

783

-

0

4

80

64

8

417

316

60

345

85

0

Net gain on sale of foreclosed assets, net

-

-

-

-

-

-

-

-

-

-

15

11

19

45

149

193

408

224

141

-49

16

15

67

-13

5

54

-208

-6

45

101

11

17

67

-

-

-

-

Net gains on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90

Net gain on sale of loans held for sale

810

744

732

695

126

511

412

549

253

457

538

476

323

315

1,167

562

431

554

658

502

80

144

174

113

76

114

285

293

545

691

567

396

503

532

322

182

288

Writedown of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

0

-

-

-

-

Origination of loans held for sale

50,305

28,325

36,469

43,136

7,764

17,089

18,951

17,224

12,916

22,501

23,794

22,514

18,770

42,998

41,417

24,223

23,365

29,827

37,645

47,866

13,791

11,958

14,071

12,197

4,184

8,877

21,080

25,433

26,892

39,410

45,898

34,773

32,308

44,071

26,463

15,687

22,625

Proceeds from sales of loans held for sale

47,032

31,575

33,601

41,182

8,247

18,071

19,767

17,115

13,155

22,714

25,356

21,735

22,953

41,814

44,890

20,904

25,816

31,305

42,698

42,143

12,391

12,059

15,434

10,452

4,528

8,840

22,463

25,294

27,760

40,562

45,734

35,187

33,823

44,337

25,408

15,836

23,336

Increase in accrued interest receivable

-

-

-

-

-

-

-

-

-

-

1,265

-90

-1,175

732

968

208

-1,773

506

809

392

-1,540

100

1,488

21

-1,120

-145

1,016

95

-849

-900

1,755

-202

-783

-

-

-

-

Increase in cash surrender value of bank-owned life insurance

521

501

514

470

392

381

399

397

433

398

344

318

328

326

324

332

384

343

344

325

295

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in deferred income taxes, net

-3,655

-

828

-60

-16

-

-381

-714

-89

-

0

-265

-289

-1,190

-1,195

-165

-303

1,469

332

-570

69

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from share-based award activity

-

-

-

-

-

-

-

-

-

-

0

16

75

-13

0

-3

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in deferred income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

275

264

-2,852

-

1,102

124

-48

557

-277

-198

-28

396

-12

41

-36

Change in:
Decrease in accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,068

Increase in cash surrender value of bank-owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

423

225

229

-

230

230

231

276

226

221

230

269

228

225

229

Other assets

5,316

7,371

-8,172

-835

-281

2,374

1,466

4,553

-1,397

3,085

1,289

1,719

-784

-572

-2,582

-259

-83

1,697

-4,863

671

-542

-961

704

-1,598

1,370

-1,756

-757

-4,706

1,397

-1,540

-284

760

-216

550

161

1,003

0

Increase in deferred compensation liability

-

-

-

-

-

-

-

-

-

-

-66

24

20

-29

19

4

54

-11

31

54

9

-12

-29

-13

-22

-23

-21

-20

-22

-20

-20

-18

-30

-19

-19

-17

-14

Other liabilities

13,367

-

-5,233

-5,264

398

-

1,357

4,601

-1,160

-

-123

-2,353

2,921

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,152

-179

-1,321

-1,269

-5,517

2,297

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

21,409

8,013

21,045

6,595

11,661

11,776

9,628

9,915

11,444

7,115

10,762

4,949

18,246

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,741

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,774

3,927

-2,772

-

-463

2,457

-3,047

1,672

-8,627

7,655

709

3,773

998

-2,917

4,176

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,077

-

19,214

-5,706

8,559

5,782

2,503

9,242

5,737

6,845

5,721

12,835

2,859

10,024

-3,981

8,086

8,409

-

-

-

-

Cash flows from investing activities:
Purchases of equity securities

-

-

-

-

-

-

3

2

503

-

-

-

1,002

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of debt securities available for sale

22,140

19

19

118,134

7,280

-2,004

15,998

0

496

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of available for sale investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

16

0

3,694

19,690

4,775

5,665

58,128

48,261

5,007

12,580

12,620

3,250

242

0

11,125

1,080

2,075

8

1,666

14,558

0

0

0

0

Proceeds from maturities and calls of debt securities available for sale

28,426

-

-

-

17,238

-

-

-

-

14,572

12,009

26,157

15,005

16,432

16,307

29,240

22,633

5,885

10,440

34,900

19,581

13,909

14,550

22,842

13,368

19,959

24,102

39,874

19,265

33,008

38,652

39,638

19,134

30,045

41,671

29,842

34,396

Proceeds from maturities and calls of debt securities available for sale

-

-

-

-

-

-

20,396

17,396

13,546

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of debt securities available for sale

142,632

119,073

58,404

72,883

39,373

22,223

8,095

11,424

19,770

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of available for sale investment securities

-

-

-

-

-

-

-

-

-

-

10,199

6,028

6,811

67,503

82,290

15,816

2

25,413

2

2

7

2,239

46,047

8,077

11,529

30,945

6,394

7

37,236

84,805

415

35,678

51,162

73,728

28,224

22,176

74,236

Proceeds from sales of debt securities held to maturity

-

-

-

-

-

-

-

-

-

0

0

0

1,153

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities and calls of debt securities held to maturity

0

2,468

1,423

2,397

720

1,289

1,088

1,644

1,488

3,107

9,372

1,951

1,047

1,418

1,403

6,765

2,494

1,592

1,842

978

257

233

449

237

228

203

489

414

126

166

10

526

20

455

5

1,179

361

Purchase of debt securities held to maturity

-

-

-

-

-

5,455

0

0

553

15,478

10,254

9,818

8,474

18,749

26,661

14,422

2,399

16,788

6,072

3,288

3,034

7,666

1,853

8,969

1,564

0

0

1,185

0

6,919

19,429

0

5,000

0

0

0

0

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

-27,819

-

-9,525

-928

6,410

-

14,117

38,138

40,065

-

66,692

33,516

672

27,702

-24,664

-3,494

21,104

16,757

29,548

15,728

44,245

31,464

16,122

13,354

-15,029

12,249

15,856

19,912

6,460

-

-

-

-

-

-

-

-

Increase in loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16,529

3,795

-

-

-

-

Decrease in loan pool participations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

18,230

1,102

1,145

995

1,928

2,133

2,538

1,646

2,662

3,271

2,252

4,144

3,862

4,144

-

-

-

-

Decrease (increase) in loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,291

Decrease in loan pool participations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,664

Purchases of premises and equipment

403

944

0

752

490

372

984

1,618

2,594

1,953

1,338

693

1,004

1,040

630

2,110

1,854

3,311

4,600

4,778

2,180

3,957

2,471

3,117

2,775

1,736

760

1,589

436

741

1,312

308

1,157

1,407

811

348

183

Proceeds from sale of foreclosed assets

2,151

750

558

369

394

37

348

422

1,461

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

158

331

494

1,375

1,117

2,771

3,481

782

1,595

937

280

65

373

205

7

249

746

257

329

702

650

641

983

679

291

578

200

Proceeds from sale of premises and equipment

2

-

-

-

12

-

-

-

0

-

-

-

-

448

618

-40

1,273

1,099

8

15

10

40

14

0

3

3

3

8

4

24

-24

4,599

645

1

121

21

154

Proceeds of principal and earnings from bank-owned life insurance

-

-

-

-

-

0

0

0

452

0

0

0

0

0

0

4

426

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) investing activities

-62,497

3,489

-27,904

117,789

-20,629

-32,092

15,537

-31,845

-46,042

-72,288

-65,609

-10,589

-264

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-36,935

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,638

-

-20,672

53,796

20,025

-32,857

-37,044

4,315

18,150

-21,736

3,976

32,411

-20,057

-79,540

6,760

-1,583

-14,040

-

-

-

-

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

131,094

8,035

-15,761

-38,449

71,898

-19,330

28,058

-27,720

26,602

114,904

-3,294

-37,184

50,445

34,516

-17,629

33,954

-33,914

-4,557

63,732

-53,074

-289

-23,023

83,913

-28,024

734

53,291

-15,285

-36,709

-26,088

71,090

7,240

-23,250

38,011

39,975

10,380

-6,871

43,830

Short-term borrowings

-9,860

-

-

-

-55,356

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds and effect of tax from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

102

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

21,798

-

-

-2,000

6,250

-

-

1,250

1,250

-

1,250

1,250

1,250

1,250

1,250

1,250

1,250

1,250

1,250

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in FHLB advances

-

-

-

-

-

-

-

27,300

24,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in federal funds purchased

-

-

-

-

-

-

-

452

227

-

28,611

-45,319

35,684

-16,375

-19,309

0

1,500

-1,500

24,700

-15,800

8,508

-15,660

2,983

-4,731

5,482

2,913

-6,160

-666

-1,569

0

0

0

8,920

-8,920

0

0

0

Decrease in securities sold under agreements to repurchase

-

-

-

-

-

-

-

7,308

-28,491

-

27,782

-7,409

-14,596

18,718

3,011

2,589

-9,594

-1,765

2,114

-4,336

-5,495

-572

4,100

5,000

-8,890

2,520

986

3,400

-14,546

6,383

10,423

1,703

2,027

6,358

-6,260

1,864

-3,869

Proceeds from Federal Home Loan Bank borrowings

-

-

-

-

-

-

-

50,000

35,000

-

95,000

0

50,000

20,000

0

0

30,000

0

14,000

10,000

0

0

7,000

7,000

12,000

15,000

57,000

54,000

40,000

0

20,000

0

0

5,000

0

41,000

10,000

Repayment of Federal Home Loan Bank borrowings

-

-

-

-

-

-

-

30,000

27,000

-

40,000

5,000

70,000

5,000

7,000

5,000

5,000

0

5,000

10,000

15,000

7,900

10,000

12,000

10,000

53,300

55,000

63,000

8,000

10,000

20,000

6,000

4,000

4,000

6,000

13,000

20,000

Proceeds from share-based award activity

-

-

-

-

-

1

1

-1

136

7

0

-122

123

-24

0

38

0

-

-

-

-

-

81

14

61

-

17

60

67

157

217

129

87

41

-1

35

8

Excess tax benefit from share-based award activity

-

-

-

-

-

-

-

-

-

-

0

16

75

-13

0

-3

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

127

15

0

19

69

4

1

4

80

6

0

4

104

-38

0

0

38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

3,556

3,273

3,277

2,461

2,465

2,382

2,384

2,383

2,386

2,077

2,077

2,016

1,891

1,830

1,830

1,830

1,827

1,711

1,712

1,665

1,256

1,212

1,211

1,217

1,228

1,059

1,079

1,058

1,063

804

807

720

723

513

628

632

631

Issuance of common stock

-

-

-

-

-

-

-

-

-

0

0

8,563

17,125

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of stock issuance costs

-

-

-

-

-

-

-

-

-

0

0

345

983

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

2,604

567

1,217

1,596

1,299

1,048

-1

0

1,082

0

0

0

0

-

-

-

-

-

-

-

-

0

1,236

2,035

716

0

0

967

0

365

0

4

1,441

840

658

0

0

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23,107

-

47,188

-22,942

-30,537

-16,921

79,664

-26,531

-13,521

13,715

-7,201

-43,608

-8,061

66,461

17,073

-28,142

25,041

-

-

-

-

Net cash provided by financing activities

93,149

-24,685

-26,983

-46,846

6,459

12,417

-15,050

22,798

26,022

74,044

47,550

568

-6,740

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,338

Net increase (decrease) in cash and cash equivalents

52,061

-

-

-

-2,509

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

10,115

868

-8,576

-

-7,297

-5,072

11,242

-8,730

-59,000

50,253

13,608

-45,237

45,730

25,148

-1,953

-43,996

45,123

-12,974

10,366

-1,176

2,496

1,638

-25,259

-3,055

19,852

-21,639

19,410

-9,074

-68

18,098

3,144

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,928

-

4,090

1,385

2,171

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the period for interest

9,993

7,179

11,417

8,409

7,084

6,897

5,789

5,107

4,648

4,148

3,971

3,517

3,553

-

-

-

-

-

-

-

-

-

-

-

2,459

-

2,831

3,404

3,382

3,936

3,764

7,212

1,095

4,714

4,901

5,309

5,200

Cash paid during the period for income taxes

0

5,354

510

1,405

0

-

-

-

-

-

-

-

-

1,992

1,740

4,215

10

3,027

2,100

2,350

200

2,357

1,323

314

150

1,891

2,032

2,238

1,800

714

1,284

2,356

815

1,968

1,347

714

143

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

493

152

872

1,203

181

39

31

140

364

952

0

110

97

104

823

552

408

-

-

-

-

147

322

91

228

48

97

12

64

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

736

656

-

-

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

134

Transfer of property to assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

764

0

0

0

0

Retained Earnings
Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

7,793

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-