Midwestone financial group, inc. (MOFG)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Loans, including fees

163,163

111,193

102,366

98,162

86,544

48,466

48,828

51,355

52,163

54,731

58,697

Interest and discount on loan pool participations

-

-

-

-

798

1,516

2,046

1,978

1,108

2,631

1,809

Bank deposits

-

-

-

161

70

38

16

54

36

34

11

Federal funds sold

-

-

-

5

1

8

1

1

1

6

47

Taxable investment securities

13,132

11,027

10,179

8,297

7,734

8,921

9,905

10,836

10,934

9,667

8,797

Tax-exempt investment securities

5,696

5,827

6,239

5,703

5,553

5,455

5,298

5,078

4,339

3,912

3,997

Other

450

62

142

-

-

-

-

-

-

-

-

Total interest income

182,441

128,109

118,926

112,328

100,700

64,404

66,094

69,302

68,581

70,981

73,358

Interest expense:
Interest-bearing checking

-

-

-

-

2,627

2,168

2,362

-

-

-

-

Interest-bearing checking

-

-

-

-

-

-

-

3,007

3,891

4,260

4,501

Savings

-

-

-

-

360

145

140

143

200

183

213

Certificates of deposit under $100,000

-

-

-

-

2,445

2,701

4,239

5,885

7,920

9,538

11,871

Certificates of deposit $100,000 and over

-

-

-

-

2,406

2,013

2,214

2,929

3,311

3,599

5,026

Deposits

29,927

17,331

11,489

9,379

7,838

7,027

8,955

11,964

15,322

17,580

21,611

Short-term borrowings

1,847

1,315

424

-

-

-

-

-

-

-

-

Federal funds purchased

-

-

-

47

34

8

38

12

8

6

11

Securities sold under agreements to repurchase

-

-

-

158

176

119

128

192

264

297

453

Federal Home Loan Bank borrowings

-

-

-

1,827

1,451

2,092

2,686

3,094

3,494

4,650

5,450

Other borrowings

-

-

-

19

22

24

29

34

38

49

60

Junior subordinated notes issued to capital trusts

-

-

-

825

592

281

296

656

657

534

658

Interest on subordinated notes

-

-

-

-

162

0

0

-

-

-

-

Long-term debt

-

-

-

467

373

0

0

-

-

-

-

Long-term debt

7,017

4,195

3,232

-

-

-

-

-

-

-

-

Total interest expense

38,791

22,841

15,145

12,722

10,648

9,551

12,132

15,952

19,783

23,116

28,243

Net interest income

143,650

105,268

103,781

99,606

90,052

54,853

53,962

53,350

48,798

47,865

45,115

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

Net interest income after credit loss expense

136,492

97,968

86,447

91,623

84,920

53,653

52,612

50,971

45,448

41,915

37,390

Noninterest income:
Investment services and trust activities

8,040

4,953

4,919

-

-

-

-

-

-

-

-

Service charges and fees

7,452

6,157

6,533

-

-

-

-

-

-

-

-

Card revenue

5,594

4,223

3,906

-

-

-

-

-

-

-

-

Loan revenue

3,789

3,622

3,421

-

-

-

-

-

-

-

-

Trust, investment, and insurance fees

-

-

-

5,574

6,005

5,771

5,345

4,995

4,537

4,556

-

Service charges and fees on deposit accounts

-

-

-

5,219

4,401

3,279

2,980

3,247

3,702

4,042

-

Loan origination and servicing fees

-

-

-

3,771

2,756

1,554

-

-

-

-

-

Other service charges and fees

-

-

-

5,951

-

-

-

-

-

-

-

Trust, investment, and insurance fees

-

-

-

-

-

-

-

-

-

-

4,180

Service charges and fees on deposit accounts

-

-

-

-

-

-

-

-

-

-

3,988

Mortgage origination and loan servicing fees

-

-

-

-

-

-

3,209

3,578

2,691

3,506

2,770

Other service charges and fees

-

-

-

-

5,215

2,307

2,210

2,316

2,540

2,563

2,386

Bank-owned life insurance

1,877

1,610

1,388

1,366

1,307

1,102

922

953

951

685

778

Insurance commissions

734

1,284

1,270

-

-

-

-

-

-

-

-

Gain on sale or call of debt securities

-

-

-

464

-

-

-

-

-

-

-

Investment securities gains, net

90

193

241

-

-

-

-

-

-

-

-

Other

3,670

1,173

1,073

-

-

-

-

-

-

-

-

Gain on sale or call of debt securities available for sale

-

-

-

-

1,011

1,227

65

-

-

-

-

Gain (loss) on sale or call of debt securities held to maturity

-

-

-

-

0

-

-

-

-

-

-

Impairment losses on investment securities

-

-

-

-

-

-

-

345

9

189

2,404

Gain on sale or call of available for sale securities

-

-

-

-

-

-

-

805

490

453

813

Gain (loss) on sale of premises and equipment

-

-

-

-

-29

-1

-3

4,188

-195

-709

8

Other gain

-

-

-

1,089

527

74

-

-

-

-

-

Total noninterest income

31,246

23,215

22,751

23,434

21,193

15,313

14,728

19,737

14,707

14,907

12,519

Noninterest expense:
Compensation and employee benefits

65,660

49,758

47,864

49,621

41,865

24,918

24,596

30,684

23,194

23,170

23,152

Occupancy expense of premises, net

8,647

7,597

7,382

13,066

9,975

6,293

6,356

6,246

6,537

6,566

6,961

Equipment

7,717

5,565

5,060

-

-

-

-

-

-

-

-

Legal and professional

8,049

4,641

3,962

4,216

4,929

3,606

2,622

2,758

2,825

2,734

3,635

Data processing

4,579

2,951

2,674

4,940

2,659

1,565

1,452

1,679

1,670

1,702

1,844

Marketing

3,789

2,660

2,449

-

-

-

-

-

-

-

-

Amortization of intangibles

5,906

2,296

3,125

3,970

3,271

547

663

778

896

1,029

1,141

FDIC insurance

690

1,533

1,265

1,563

1,397

964

1,066

1,224

1,612

2,850

3,244

Communications

1,701

1,353

1,333

-

-

-

-

-

-

-

-

Foreclosed assets, net

-580

-21

-184

-

-

-

-

-

-

-

-

Other

10,217

4,840

4,825

10,430

9,080

5,520

5,332

5,591

5,501

5,238

5,602

Total noninterest expense

117,535

83,215

80,123

87,806

73,176

43,413

42,087

48,960

42,235

43,289

45,579

(Loss) income before income tax (benefit) expense

50,203

37,968

29,075

27,251

32,937

25,553

25,253

-

-

-

-

Income before income tax expense

-

-

-

-

-

-

-

21,748

17,920

13,533

4,330

Income tax (benefit) expense

6,573

7,617

10,376

6,860

7,819

7,031

6,646

5,214

4,609

3,403

-79

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

Less: Preferred stock dividends and discount accretion

-

-

-

-

-

-

-

-

645

868

779

Net income available to common shareholders

-

-

-

-

-

-

-

-

12,666

9,262

3,630

Per common share information
Earnings (loss) - basic (in dollars per share)

2.93

2.48

1.55

1.78

2.42

2.20

2.19

1.95

1.47

1.08

0.42

Earnings (loss) - diluted (in dollars per share)

2.93

2.48

1.55

1.78

2.42

2.19

2.18

1.94

1.47

1.07

0.42