Midwestone financial group, inc. (MOFG)
CashFlow / TTM
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

34,370

43,630

37,883

32,361

29,843

30,351

21,137

20,701

19,779

18,699

24,159

24,039

21,560

20,391

24,759

26,152

25,866

25,118

20,787

18,061

18,345

18,522

19,037

19,012

18,790

18,607

18,537

17,911

16,892

16,534

15,527

15,127

14,838

13,311

0

0

0

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

27,297

7,158

9,804

6,490

7,044

7,300

14,719

18,153

18,143

17,334

11,407

8,028

7,959

7,983

4,731

5,867

5,597

5,132

3,942

1,951

1,350

1,200

1,200

1,300

1,600

1,350

1,700

2,025

2,000

2,379

2,529

2,704

3,029

3,350

0

0

0

Depreciation, amortization, and accretion

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, amortization and accretion

-

-

-

-

-

-

0

0

4,002

-

4,102

4,211

4,360

4,450

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of premium on junior subordinated notes issued to capital trusts

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of Intangible Assets

-

-

-

-

-

-

0

0

2,933

-

3,336

3,547

3,758

3,970

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of net premiums on debt securities available for sale

-

-

-

-

-

-

0

0

-1,047

-

-1,293

-1,358

-1,513

-1,624

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of operating lease right-of-use assets

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, amortization and accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

4,423

4,632

4,945

5,162

5,351

5,402

5,411

5,422

5,696

5,463

5,252

5,322

0

0

0

Net loss (gain) on sale of premises and equipment

-136

-119

581

-2

33

20

-616

-22

3

2

420

213

165

-44

-476

-270

-243

-29

-15

-6

-1

-1

0

-6

2

-3

-21

-19

4,028

4,188

4,205

4,253

11

-195

0

0

0

Share-based compensation

1,210

1,156

1,119

1,138

1,085

1,030

980

938

906

868

844

792

744

731

719

710

694

634

584

537

510

493

481

462

423

384

341

292

262

266

255

253

223

220

0

0

0

Net (gains) losses on equity securities

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net losses on equity securities

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

0

0

0

-

0

0

197

-

193

17

220

464

467

467

700

1,011

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

53

43

43

43

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of foreclosed assets, net

-64

-87

-24

190

162

241

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Writedown of foreclosed assets

301

170

187

17

17

22

40

40

40

58

152

698

698

675

0

0

0

-

-

-

-

-

-

-

-

33

0

0

0

-

-

-

-

-

-

-

-

Net gain on sale or call of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

148

156

569

805

801

1,138

806

490

0

0

0

Net gain on sale of foreclosed assets, net

-

-

-

-

-

-

-

-

-

-

90

224

406

795

974

966

724

332

123

49

85

74

113

-162

-155

-115

-68

151

174

196

0

0

0

-

-

-

-

Net gains on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net gain on sale of loans held for sale

2,981

2,297

2,064

1,744

1,598

1,725

1,671

1,797

1,724

1,794

1,652

2,281

2,367

2,475

2,714

2,205

2,145

1,794

1,384

900

511

507

477

588

768

1,237

1,814

2,096

2,199

2,157

1,998

1,753

1,539

1,324

0

0

0

Writedown of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Origination of loans held for sale

158,235

115,694

104,458

86,940

61,028

66,180

71,592

76,435

81,725

87,579

108,076

125,699

127,408

132,003

118,832

115,060

138,703

129,129

111,260

87,686

52,017

42,410

39,329

46,338

59,574

82,282

112,815

137,633

146,973

152,389

157,050

137,615

118,529

108,846

0

0

0

Proceeds from sales of loans held for sale

153,390

114,605

101,101

87,267

63,200

68,108

72,751

78,340

82,960

92,758

111,858

131,392

130,561

133,424

122,915

120,723

141,962

128,537

109,291

82,027

50,336

42,473

39,254

46,283

61,125

84,357

116,079

139,350

149,243

155,306

159,081

138,755

119,404

108,917

0

0

0

Increase in accrued interest receivable

-

-

-

-

-

-

-

-

-

-

732

435

733

135

-91

-250

-66

167

-239

440

69

489

244

-228

-154

117

-638

101

-196

-130

0

0

0

-

-

-

-

Increase in cash surrender value of bank-owned life insurance

2,006

1,877

1,757

1,642

1,569

1,610

1,627

1,572

1,493

1,388

1,316

1,296

1,310

1,366

1,383

1,403

1,396

1,307

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in deferred income taxes, net

0

-

0

0

0

-

0

0

944

-

-1,744

-2,939

-2,839

-2,853

-194

1,333

928

1,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from share-based award activity

-

-

-

-

-

-

-

-

-

-

78

78

59

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in deferred income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,735

356

34

54

-107

158

397

389

0

0

0

Change in:
Decrease in accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Increase in cash surrender value of bank-owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

967

963

954

953

946

948

952

951

0

0

0

Other assets

3,680

-1,917

-6,914

2,724

8,112

6,996

7,707

7,530

4,696

5,309

1,652

-2,219

-4,197

-3,496

-1,227

-3,508

-2,578

-3,037

-5,695

-128

-2,397

-485

-1,280

-2,741

-5,849

-5,822

-5,606

-5,133

333

-1,280

810

1,255

1,498

1,714

0

0

0

Increase in deferred compensation liability

-

-

-

-

-

-

-

-

-

-

-51

34

14

48

66

78

128

83

82

22

-45

-76

-87

-79

-86

-86

-83

-82

-80

-88

-87

-86

-85

-69

0

0

0

Other liabilities

0

-

0

0

0

-

0

0

-5,582

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,383

-8,286

-5,810

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

57,062

47,314

51,077

39,660

42,980

42,763

38,102

39,236

34,270

41,072

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

619

-7,545

-2,347

1,409

3,510

13,135

2,563

6,030

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,226

-

27,849

11,138

26,086

23,264

24,327

27,545

31,138

28,260

31,439

21,737

16,988

22,538

0

0

0

-

-

-

-

Cash flows from investing activities:
Purchases of equity securities

-

-

-

-

-

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of debt securities available for sale

140,312

125,452

123,429

139,408

21,274

14,490

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of available for sale investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

23,400

28,159

33,824

88,258

116,829

117,061

123,976

78,468

33,457

28,692

16,112

14,617

12,447

14,280

14,288

4,829

18,307

16,232

16,224

14,558

0

0

0

0

Proceeds from maturities and calls of debt securities available for sale

0

-

-

-

0

-

-

-

-

67,743

69,603

73,901

76,984

84,612

74,065

68,198

73,858

70,806

78,830

82,940

70,882

64,669

70,719

80,271

97,303

103,200

116,249

130,799

130,563

130,432

127,469

130,488

120,692

135,954

0

0

0

Proceeds from maturities and calls of debt securities available for sale

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of debt securities available for sale

392,992

289,733

192,883

142,574

81,115

61,512

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of available for sale investment securities

-

-

-

-

-

-

-

-

-

-

90,541

162,632

172,420

165,611

123,521

41,233

25,419

25,424

2,250

48,295

56,370

67,892

96,598

56,945

48,875

74,582

128,442

122,463

158,134

172,060

160,983

188,792

175,290

198,364

0

0

0

Proceeds from sales of debt securities held to maturity

-

-

-

-

-

-

-

-

-

1,153

1,153

1,153

1,153

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities and calls of debt securities held to maturity

6,288

7,008

5,829

5,494

4,741

5,509

7,327

15,611

15,918

15,477

13,788

5,819

10,633

12,080

12,254

12,693

6,906

4,669

3,310

1,917

1,176

1,147

1,117

1,157

1,334

1,232

1,195

716

828

722

1,011

1,006

1,659

2,000

0

0

0

Purchase of debt securities held to maturity

-

-

-

-

-

6,008

16,031

26,285

36,103

44,024

47,295

63,702

68,306

62,231

60,270

39,681

28,547

29,182

20,060

15,841

21,522

20,052

12,386

10,533

2,749

1,185

8,104

27,533

26,348

31,348

24,429

5,000

5,000

0

0

0

0

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

0

-

0

0

0

-

0

0

173,229

-

128,582

37,226

216

20,648

9,703

63,915

83,137

106,278

120,985

107,559

105,185

45,911

26,696

26,430

32,988

54,477

0

0

0

-

-

-

-

-

-

-

-

Increase in loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Decrease in loan pool participations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,332

20,477

21,472

5,170

6,201

7,594

8,245

8,979

10,117

9,831

12,329

13,529

14,402

0

0

0

-

-

-

-

Decrease (increase) in loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Decrease in loan pool participations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchases of premises and equipment

2,099

2,186

1,614

2,598

3,464

5,568

7,149

7,503

6,578

4,988

4,075

3,367

4,784

5,634

7,905

11,875

14,543

14,869

15,515

13,386

11,725

12,320

10,099

8,388

6,860

4,521

3,526

4,078

2,797

3,518

4,184

3,683

3,723

2,749

0

0

0

Proceeds from sale of foreclosed assets

3,828

2,071

1,358

1,148

1,201

2,268

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

2,358

3,317

5,757

8,744

8,151

8,629

6,795

3,594

2,877

1,655

923

650

834

1,207

1,259

1,581

2,034

1,938

2,322

2,976

2,953

2,594

2,531

1,748

0

0

0

Proceeds from sale of premises and equipment

0

-

-

-

0

-

-

-

0

-

-

-

-

2,299

2,950

2,340

2,395

1,132

73

79

64

57

20

9

17

18

39

12

4,603

5,244

5,221

5,366

788

297

0

0

0

Proceeds of principal and earnings from bank-owned life insurance

-

-

-

-

-

452

452

452

452

0

0

0

4

430

430

430

426

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) investing activities

30,877

72,745

37,164

80,605

-69,029

-94,442

-134,638

-215,784

-194,528

-148,750

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,626

-

20,292

3,920

-45,561

-47,436

-36,315

4,705

32,801

-5,406

-63,210

-60,426

-94,420

-88,403

0

0

0

-

-

-

-

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

84,919

25,723

-1,642

42,177

52,906

7,610

141,844

110,492

101,028

124,871

44,483

30,148

101,286

16,927

-22,146

59,215

-27,813

5,812

-12,654

7,527

32,577

33,600

109,914

10,716

2,031

-24,791

-6,992

15,533

28,992

93,091

61,976

65,116

81,495

87,314

0

0

0

Short-term borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds and effect of tax from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

0

-

-

0

0

-

-

0

5,000

-

5,000

5,000

5,000

5,000

5,000

5,000

3,750

2,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in FHLB advances

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in federal funds purchased

-

-

-

-

-

-

-

0

-773

-

2,601

-45,319

0

-34,184

-19,309

24,700

8,900

15,908

1,748

-19,969

-8,900

-11,926

6,647

-2,496

1,569

-5,482

-8,395

-2,235

-1,569

8,920

0

0

0

-8,920

0

0

0

Decrease in securities sold under agreements to repurchase

-

-

-

-

-

-

-

0

147

-

24,495

-276

9,722

14,724

-5,759

-6,656

-13,581

-9,482

-8,289

-6,303

3,033

-362

2,730

-384

-1,984

-7,640

-3,777

5,660

3,963

20,536

20,511

3,828

3,989

-1,907

0

0

0

Proceeds from Federal Home Loan Bank borrowings

-

-

-

-

-

-

-

0

200,000

-

165,000

70,000

70,000

50,000

30,000

44,000

54,000

24,000

24,000

17,000

14,000

26,000

41,000

91,000

138,000

166,000

151,000

114,000

60,000

20,000

25,000

5,000

46,000

56,000

0

0

0

Repayment of Federal Home Loan Bank borrowings

-

-

-

-

-

-

-

0

172,000

-

120,000

87,000

87,000

22,000

17,000

15,000

20,000

30,000

37,900

42,900

44,900

39,900

85,300

130,300

181,300

179,300

136,000

101,000

44,000

40,000

34,000

20,000

27,000

43,000

0

0

0

Proceeds from share-based award activity

-

-

-

-

-

137

143

142

21

8

-23

-23

137

14

0

0

0

-

-

-

-

-

0

0

0

-

301

501

570

590

474

256

162

83

0

0

0

Excess tax benefit from share-based award activity

-

-

-

-

-

-

-

-

-

-

78

78

59

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

161

103

92

93

78

89

91

90

90

114

70

70

66

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

12,567

11,476

10,585

9,692

9,614

9,535

9,230

8,923

8,556

8,061

7,814

7,567

7,381

7,317

7,198

7,080

6,915

6,344

5,845

5,344

4,896

4,868

4,715

4,583

4,424

4,259

4,004

3,732

3,394

3,054

2,763

2,584

2,496

2,404

0

0

0

Issuance of common stock

-

-

-

-

-

-

-

-

-

25,688

25,688

25,688

17,125

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of stock issuance costs

-

-

-

-

-

-

-

-

-

1,328

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

5,984

4,679

5,160

3,942

2,346

2,129

1,081

1,082

1,082

0

0

0

0

-

-

-

-

-

-

-

-

3,987

3,987

2,751

1,683

967

1,332

1,332

369

1,810

2,285

2,943

2,939

1,498

0

0

0

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,603

-

-23,212

9,264

5,675

22,691

53,327

-33,538

-50,615

-45,155

7,591

31,865

47,331

80,433

0

0

0

-

-

-

-

Net cash provided by financing activities

-5,365

-92,055

-54,953

-43,020

26,624

46,187

107,814

170,414

148,184

115,422

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net increase (decrease) in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

0

0

-12,074

-

-9,857

-61,560

-6,235

-3,869

-40,376

64,354

39,249

23,688

24,929

24,322

-13,800

-1,481

41,339

-1,288

13,324

-22,301

-24,180

-6,824

-30,101

14,568

8,549

-11,371

28,366

12,100

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,761

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the period for interest

36,998

34,089

33,807

28,179

24,877

22,441

19,692

17,874

16,284

15,189

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

13,553

14,486

18,294

16,007

16,785

17,922

16,019

20,124

0

0

0

Cash paid during the period for income taxes

7,269

7,269

0

0

0

-

-

-

-

-

-

-

-

7,957

8,992

9,352

7,487

7,677

7,007

6,230

4,194

4,144

3,678

4,387

6,311

7,961

6,784

6,036

6,154

5,169

6,423

6,486

4,844

4,172

0

0

0

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

2,720

2,408

2,295

1,454

391

574

1,487

1,456

1,426

1,159

311

1,134

1,576

1,887

0

0

0

-

-

-

-

788

689

464

385

221

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Transfer of property to assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

764

764

764

764

0

0

0

0

Retained Earnings
Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-