Midwestone financial group, inc. (MOFG)
Income statement / 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'11Sep'10Jun'10
Interest income:
Loans, including fees

176,140

163,163

147,309

126,228

113,661

111,193

108,372

106,490

104,654

102,366

100,203

98,340

97,325

98,162

99,679

102,033

99,083

86,544

73,329

58,783

49,103

48,466

48,318

48,382

48,654

48,828

49,322

49,867

50,389

51,355

51,898

52,266

52,443

52,163

52,681

53,314

0

0

0

Interest and discount on loan pool participations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

798

1,177

1,502

1,856

1,516

1,267

1,168

1,246

2,046

2,153

2,813

2,604

1,978

1,748

1,173

1,208

1,108

1,653

2,251

0

0

0

Bank deposits

-

-

-

-

-

-

-

-

-

-

70

114

158

161

182

132

77

70

43

45

35

38

32

19

15

16

33

38

49

54

40

42

38

36

27

35

0

0

0

Federal funds sold

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

0

0

Taxable investment securities

13,922

13,132

12,366

11,705

11,206

11,027

10,535

10,409

10,209

10,179

10,270

9,769

9,091

8,297

7,937

7,763

7,764

7,734

7,882

8,138

8,499

8,921

9,094

9,319

9,591

9,905

10,183

10,442

10,714

10,836

10,901

10,950

10,998

10,934

10,702

10,444

0

0

0

Tax-exempt investment securities

5,802

5,696

5,606

5,600

5,704

5,827

5,992

6,144

6,203

6,239

6,151

5,998

5,831

5,703

5,655

5,626

5,600

5,553

5,528

5,498

5,464

5,455

5,401

5,344

5,318

5,298

5,307

5,308

5,220

5,078

4,884

4,697

4,523

4,339

4,145

4,039

0

0

0

Other

594

450

358

240

73

62

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total interest income

196,458

182,441

165,639

143,773

130,644

128,109

125,029

123,180

121,212

118,926

116,696

114,226

112,410

112,328

113,458

115,556

112,703

100,700

87,967

73,974

64,965

64,404

64,113

64,233

64,825

66,094

66,998

68,468

68,977

69,302

69,472

69,129

69,211

68,581

69,209

70,088

0

0

0

Interest expense:
Interest-bearing checking

-

-

-

-

-

-

-

-

-

-

3,428

3,325

3,189

-

3,070

2,966

2,852

2,627

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest-bearing checking

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

2,541

2,688

2,849

3,007

3,216

3,479

3,712

3,891

3,966

4,145

0

0

0

Savings

-

-

-

-

-

-

-

-

-

-

206

203

212

-

448

446

430

360

165

153

145

145

143

141

140

140

143

145

142

143

141

152

178

200

211

207

0

0

0

Certificates of deposit under $100,000

-

-

-

-

-

-

-

-

-

-

3,478

3,386

3,219

-

2,776

2,616

2,388

2,445

2,441

2,487

2,630

2,701

2,910

3,210

3,697

4,239

4,713

5,159

5,534

5,885

6,229

6,699

7,323

7,920

8,521

9,073

0

0

0

Certificates of deposit $100,000 and over

-

-

-

-

-

-

-

-

-

-

3,814

3,586

3,310

-

2,494

2,771

2,519

2,406

2,651

2,112

2,094

2,013

1,964

1,906

2,026

2,214

2,382

2,604

2,789

2,929

3,039

3,151

3,236

3,311

3,373

3,464

0

0

0

Deposits

32,181

29,927

26,837

23,224

19,490

17,331

15,290

13,565

12,400

11,489

10,926

10,500

9,930

9,379

8,788

8,799

8,189

7,838

7,704

7,025

7,027

7,027

7,188

7,440

8,099

8,955

9,779

10,596

11,314

11,964

12,625

13,481

14,449

15,322

16,071

16,889

0

0

0

Short-term borrowings

1,724

1,847

1,853

1,652

1,511

1,315

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal funds purchased

-

-

-

-

-

-

-

-

-

-

169

93

68

47

31

45

47

34

33

16

19

8

9

17

30

38

38

34

18

12

14

10

11

8

9

8

0

0

0

Securities sold under agreements to repurchase

-

-

-

-

-

-

-

-

-

-

162

145

143

158

173

188

199

176

156

133

119

119

119

122

122

128

143

155

173

192

203

225

245

264

281

286

0

0

0

Federal Home Loan Bank borrowings

-

-

-

-

-

-

-

-

-

-

1,761

1,756

1,819

1,827

1,752

1,617

1,503

1,451

1,552

1,737

1,929

2,092

2,244

2,396

2,556

2,686

2,809

2,905

2,983

3,094

3,165

3,267

3,352

3,494

3,852

4,166

0

0

0

Other borrowings

-

-

-

-

-

-

-

-

-

-

12

13

16

19

22

24

24

22

22

21

22

24

25

27

27

29

30

31

33

34

35

36

37

38

39

41

0

0

0

Junior subordinated notes issued to capital trusts

-

-

-

-

-

-

-

-

-

-

921

893

849

825

801

777

717

592

470

348

281

281

282

287

293

296

377

471

563

656

670

667

663

657

647

634

0

0

0

Interest on subordinated notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

-

-

-

-

-

-

-

-

-

-

451

443

453

467

487

524

497

373

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

7,473

7,017

6,330

5,425

4,573

4,195

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total interest expense

41,378

38,791

35,020

30,301

25,574

22,841

20,297

18,067

16,338

15,145

14,402

13,843

13,278

12,722

12,054

11,974

11,338

10,648

10,339

9,538

9,397

9,551

9,867

10,289

11,127

12,132

13,176

14,192

15,084

15,952

16,712

17,686

18,757

19,783

20,899

22,024

0

0

0

Net interest income

155,080

143,650

130,619

113,472

105,070

105,268

104,732

105,113

104,874

103,781

102,294

100,383

99,132

99,606

101,404

103,582

101,365

90,052

77,628

64,436

55,568

54,853

54,246

53,944

53,698

53,962

53,822

54,276

53,893

53,350

52,760

51,443

50,454

48,798

48,310

48,064

0

0

0

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

3,800

4,550

0

0

0

Net interest income after credit loss expense

127,783

136,492

120,815

106,982

98,026

97,968

90,013

86,960

86,731

86,447

90,887

92,355

91,173

91,623

96,673

97,715

95,768

84,920

73,686

62,485

54,218

53,653

53,046

52,644

52,098

52,612

52,122

52,251

51,893

50,971

50,231

48,739

47,425

45,448

44,510

43,514

0

0

0

Noninterest income:
Investment services and trust activities

9,186

8,040

6,893

5,776

5,104

4,953

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges and fees

7,836

7,452

6,936

6,380

6,028

6,157

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Card revenue

5,961

5,594

5,547

4,961

4,255

4,223

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan revenue

4,519

3,789

2,916

2,816

3,074

3,622

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trust, investment, and insurance fees

-

-

-

-

-

-

-

-

-

-

5,924

5,776

5,688

5,574

5,607

5,729

5,922

6,005

6,023

6,037

5,834

5,771

5,666

5,521

5,514

5,345

5,297

5,294

5,091

4,995

4,926

4,788

0

-

0

0

-

-

-

Service charges and fees on deposit accounts

-

-

-

-

-

-

-

-

-

-

5,167

5,218

5,244

5,219

5,190

5,141

4,926

4,401

3,983

3,604

3,384

3,279

3,138

3,006

2,901

2,980

3,059

3,119

3,187

3,247

3,397

3,506

0

-

0

0

-

-

-

Loan origination and servicing fees

-

-

-

-

-

-

-

-

-

-

3,497

3,817

3,954

3,771

3,831

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other service charges and fees

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trust, investment, and insurance fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Service charges and fees on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Mortgage origination and loan servicing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

1,569

2,203

2,602

3,209

3,908

3,744

3,855

3,578

3,415

3,027

2,581

2,691

2,748

2,742

0

0

0

Other service charges and fees

-

-

-

-

-

-

-

-

-

-

-

6,098

5,979

-

6,157

6,192

6,042

5,215

3,684

2,967

2,291

2,307

2,432

2,213

2,257

2,210

2,254

2,151

2,178

2,316

2,172

2,517

2,571

2,540

2,637

2,565

0

0

0

Bank-owned life insurance

2,005

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

1,189

1,268

1,168

1,102

1,108

915

920

922

968

963

954

953

946

948

952

951

839

759

0

0

0

Insurance commissions

314

734

994

1,298

1,303

1,284

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities gains, net

115

90

68

237

201

193

373

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

6,055

3,670

2,895

2,937

1,410

1,173

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale or call of debt securities available for sale

-

-

-

-

-

-

-

-

-

-

-

17

220

-

467

467

700

1,011

1,156

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

43

43

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment losses on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

0

0

Gain on sale or call of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

148

156

569

805

801

1,138

806

490

272

160

0

0

0

Gain (loss) on sale of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

213

165

-

-476

-270

-243

-29

-15

-6

-1

-1

0

-6

2

-3

-21

-19

4,028

4,188

4,205

4,253

11

-195

-196

-448

0

0

0

Other gain

-

-

-

-

-

-

-

-

-

-

-468

-168

-81

1,089

1,646

893

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total noninterest income

35,991

31,246

28,006

26,047

22,944

23,215

23,334

23,205

22,895

22,751

22,556

22,354

22,566

23,434

24,352

24,098

23,590

21,193

18,089

16,635

15,104

15,313

15,013

14,807

14,964

14,728

15,605

15,063

19,517

19,737

19,256

19,929

15,047

14,707

14,834

14,428

0

0

0

Noninterest expense:
Compensation and employee benefits

69,698

65,660

58,525

54,150

49,966

49,758

49,799

48,787

48,351

47,864

47,726

47,328

48,860

49,621

50,418

50,968

47,641

41,865

35,441

29,587

25,653

24,918

24,562

24,324

24,437

24,596

25,082

25,190

31,005

30,684

30,049

29,545

23,296

23,194

23,150

23,138

0

0

0

Occupancy expense of premises, net

9,109

8,647

7,466

7,815

7,570

7,597

4,490

4,833

5,984

7,382

12,519

12,826

13,119

13,066

13,260

12,686

11,702

9,975

8,093

6,920

6,212

6,293

6,335

6,369

6,273

6,356

6,311

6,268

6,290

6,246

6,626

6,626

6,564

6,537

6,250

6,343

0

0

0

Equipment

8,226

7,717

6,899

6,059

5,553

5,565

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Legal and professional

8,619

8,049

7,279

7,144

4,812

4,641

4,585

3,657

3,734

3,962

4,026

4,107

4,292

4,216

4,242

4,187

5,195

4,929

5,396

5,161

3,711

3,606

2,684

2,575

2,514

2,622

2,637

2,634

2,709

2,758

2,798

2,985

2,880

2,825

2,860

2,720

0

0

0

Data processing

5,088

4,579

3,962

3,425

3,108

2,951

2,768

2,794

2,651

2,674

2,941

2,817

3,078

4,940

4,612

4,941

4,800

2,659

2,421

1,850

1,573

1,565

1,532

1,539

1,485

1,452

1,513

1,592

1,624

1,679

1,646

1,609

1,666

1,670

1,703

1,711

0

0

0

Marketing

4,245

3,789

3,320

2,825

2,646

2,660

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangibles

7,482

5,906

4,468

2,432

2,091

2,296

2,506

2,718

2,933

3,125

3,336

3,547

3,758

3,970

4,181

4,011

4,224

3,271

2,273

1,609

518

547

575

605

634

663

692

721

750

778

809

837

866

896

0

0

0

-

-

FDIC insurance

768

690

1,191

1,626

1,584

1,533

1,412

1,257

1,217

1,265

1,289

1,463

1,509

1,563

1,570

1,589

1,579

1,397

1,298

1,108

960

964

945

959

1,015

1,066

1,140

1,211

1,208

1,224

1,257

1,262

1,325

1,612

2,010

2,384

0

0

0

Communications

1,816

1,701

1,550

1,402

1,366

1,353

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreclosed assets, net

-660

-580

-453

-57

-118

-21

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

11,208

10,217

5,765

5,123

4,790

4,840

1,830

2,689

3,827

4,825

9,312

9,756

10,079

10,430

10,226

10,030

10,302

9,080

8,008

7,172

5,573

5,520

5,442

5,168

5,127

5,332

5,351

5,540

5,565

5,591

5,906

5,825

5,807

5,501

5,480

5,731

0

0

0

Total noninterest expense

126,919

117,535

100,878

92,058

83,604

83,215

83,516

80,638

80,016

80,123

81,149

81,844

84,695

87,806

88,509

88,412

85,443

73,176

62,930

53,407

44,200

43,413

42,075

41,539

41,485

42,087

42,726

43,156

49,151

48,960

49,091

48,689

42,404

42,235

42,124

42,475

0

0

0

(Loss) income before income tax (benefit) expense

36,855

50,203

47,943

40,971

37,366

37,968

29,831

29,527

29,610

29,075

32,294

32,865

29,044

27,251

32,516

33,401

33,915

32,937

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

25,001

24,158

22,259

21,748

20,396

19,979

20,068

17,920

17,220

15,467

0

0

0

Income tax (benefit) expense

2,485

6,573

10,060

8,610

7,523

7,617

8,694

8,826

9,831

10,376

8,135

8,826

7,484

6,860

7,757

7,249

8,049

7,819

8,058

7,652

6,777

7,031

6,947

6,900

6,787

6,646

6,464

6,247

5,367

5,214

4,869

4,852

5,230

4,609

4,468

3,948

0

0

0

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

12,752

0

0

0

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Less: Preferred stock dividends and discount accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

645

861

868

0

0

0

Net income available to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,666

11,891

10,651

0

0

0

Per common share information
Average number of shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

11,505

-

11,435

11,431

11,416

-

11,406

10,229

8,363

-

8,366

8,428

8,475

-

8,468

8,474

8,493

-

8,483

8,471

8,497

-

8,610

8,627

8,621

8,613

8,612

Diluted average number of shares

-

-

-

-

-

-

-

-

-

-

-

-

11,555

-

11,461

11,453

11,442

-

11,434

10,254

8,394

-

8,391

8,452

8,507

-

8,517

8,517

8,536

-

8,534

8,516

8,528

-

8,640

8,674

8,682

8,642

8,643

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

-0.12

0.85

0.76

0.72

0.60

0.62

0.55

0.67

0.64

-0.14

0.52

0.59

0.58

0.33

0.54

0.42

0.49

0.75

0.67

0.43

0.57

0.46

0.59

0.56

0.59

0.52

0.57

0.54

0.56

0.51

0.50

0.42

0.52

0.39

0.42

0.35

0.31

0.30

0.27

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

-0.12

0.85

0.76

0.72

0.60

0.62

0.55

0.67

0.64

-0.14

0.52

0.59

0.58

0.34

0.54

0.42

0.48

0.76

0.67

0.42

0.57

0.46

0.59

0.56

0.58

0.52

0.57

0.53

0.56

0.51

0.50

0.41

0.52

0.39

0.42

0.35

0.31

0.30

0.27

Dividends paid (in dollars per share)

0.22

-

0.20

0.20

0.20

-

0.19

0.19

0.19

-

0.17

0.16

0.16

-

0.16

0.16

0.16

-

0.15

0.15

0.15

-

0.14

0.14

0.14

-

0.12

0.12

0.12

-

0.10

0.09

0.09

-

0.06

0.05

0.05

0.05

0.05