MidWestOne Financial Group, Inc(NASDAQ:MOFG) 
MidWestOne Financial Group, Inc. operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, governmental units, and institutional customers. It offers deposit products, such as noninterest bearing and interes...
Website: http://www.midwestone.com
Full Time Employees: 771
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
Bull Thesis:
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Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest income | ||||||||||||||||||||||
loans, including fees | 63,679,000 | 62,276,000 | 59,462,000 | 62,458,000 | 62,521,000 | 61,643,000 | 57,947,000 | 54,093,000 | 51,870,000 | 49,726,000 | 46,490,000 | 43,769,000 | 40,451,000 | 32,746,000 | 31,318,000 | 33,643,000 | 36,115,000 | 34,736,000 | 40,214,000 | 42,012,000 | 44,906,000 | 49,169,000 |
taxable investment securities | 12,109,000 | 12,928,000 | 13,327,000 | 11,320,000 | 8,779,000 | 9,228,000 | 9,460,000 | 9,274,000 | 9,526,000 | 9,734,000 | 10,444,000 | 10,685,000 | 10,635,000 | 9,576,000 | 8,123,000 | 7,461,000 | 6,655,000 | 6,483,000 | 4,646,000 | 3,717,000 | 3,540,000 | 3,376,000 |
tax-exempt investment securities | 688,000 | 699,000 | 703,000 | 728,000 | 1,611,000 | 1,663,000 | 1,710,000 | 1,789,000 | 1,802,000 | 1,822,000 | 2,127,000 | 2,303,000 | 2,326,000 | 2,367,000 | 2,383,000 | 2,415,000 | 2,428,000 | 2,549,000 | 1,858,000 | 1,512,000 | 1,465,000 | 1,401,000 |
other | 2,466,000 | 1,517,000 | 1,247,000 | 3,761,000 | 785,000 | 242,000 | 418,000 | 230,000 | 374,000 | 68,000 | 244,000 | 9,000 | 40,000 | 28,000 | 37,000 | 21,000 | 19,000 | 40,000 | 164,000 | 115,000 | 130,000 | |
total interest income | 78,942,000 | 77,420,000 | 74,739,000 | 78,267,000 | 73,696,000 | 72,776,000 | 69,535,000 | 65,386,000 | 63,572,000 | 61,350,000 | 59,305,000 | 56,757,000 | 53,421,000 | 44,729,000 | 41,852,000 | 43,556,000 | 45,219,000 | 43,787,000 | 46,758,000 | 47,405,000 | 50,026,000 | 54,076,000 |
interest expense | ||||||||||||||||||||||
deposits | 26,270,000 | 25,665,000 | 25,484,000 | 27,324,000 | 29,117,000 | 28,942,000 | 27,726,000 | 27,200,000 | 23,128,000 | 20,117,000 | 15,319,000 | 9,127,000 | 5,035,000 | 3,173,000 | 2,910,000 | 3,031,000 | 3,150,000 | 3,409,000 | 6,409,000 | 7,949,000 | 8,251,000 | 8,238,000 |
short-term borrowings | 19,000 | 19,000 | 25,000 | 115,000 | 5,043,000 | 5,409,000 | 4,975,000 | 3,496,000 | 3,719,000 | 2,118,000 | 1,786,000 | 1,955,000 | 767,000 | 229,000 | 119,000 | 130,000 | 132,000 | 161,000 | 263,000 | 334,000 | 368,000 | 522,000 |
long-term debt | 1,645,000 | 1,754,000 | 1,791,000 | 1,890,000 | 2,015,000 | 2,078,000 | 2,103,000 | 2,131,000 | 2,150,000 | 2,153,000 | 2,124,000 | 2,111,000 | 1,886,000 | 1,602,000 | 1,487,000 | 1,576,000 | 1,597,000 | 1,712,000 | 1,374,000 | 1,716,000 | 1,823,000 | 2,058,000 |
total interest expense | 27,934,000 | 27,438,000 | 27,300,000 | 29,329,000 | 36,175,000 | 36,429,000 | 34,804,000 | 32,827,000 | 28,997,000 | 24,388,000 | 19,229,000 | 13,193,000 | 7,688,000 | 5,004,000 | 4,516,000 | 4,737,000 | 4,879,000 | 5,282,000 | 8,046,000 | 9,999,000 | 10,442,000 | 10,818,000 |
net interest income | 51,008,000 | 49,982,000 | 47,439,000 | 48,938,000 | 37,521,000 | 36,347,000 | 34,731,000 | 32,559,000 | 34,575,000 | 36,962,000 | 40,076,000 | 43,564,000 | 45,733,000 | 39,725,000 | 37,336,000 | 38,819,000 | 40,340,000 | 38,505,000 | 38,712,000 | 37,406,000 | 39,584,000 | 43,258,000 |
credit loss expense | 2,132,000 | 11,889,000 | 1,687,000 | 1,291,000 | 1,535,000 | 1,267,000 | 4,689,000 | 1,020,250 | 1,551,000 | 1,597,000 | 933,000 | -2,144,000 | 4,685,000 | 21,733,000 | ||||||||
net interest income after credit loss expense | 48,876,000 | 38,093,000 | 45,752,000 | 47,647,000 | 35,986,000 | 35,080,000 | 30,042,000 | 26,883,000 | 33,024,000 | 35,365,000 | 39,143,000 | 37,336,000 | 40,649,000 | 34,027,000 | 15,673,000 | |||||||
noninterest income | ||||||||||||||||||||||
investment services and trust activities | 4,059,000 | 3,705,000 | 3,544,000 | 3,779,000 | 3,410,000 | 3,504,000 | 3,503,000 | 3,193,000 | 3,004,000 | 3,119,000 | 2,933,000 | 2,666,000 | 2,876,000 | 2,670,000 | 3,011,000 | 3,115,000 | 2,915,000 | 2,809,000 | 2,217,000 | 2,536,000 | 2,421,000 | 2,339,000 |
service charges and fees | 2,423,000 | 2,190,000 | 2,131,000 | 2,159,000 | 2,170,000 | 2,156,000 | 2,144,000 | 2,148,000 | 2,146,000 | 2,047,000 | 2,008,000 | 2,028,000 | 2,075,000 | 1,717,000 | 1,657,000 | 1,684,000 | 1,613,000 | 1,475,000 | 1,290,000 | 1,826,000 | 2,072,000 | 2,068,000 |
card revenue | 1,752,000 | 1,934,000 | 1,744,000 | 1,833,000 | 1,935,000 | 1,907,000 | 1,943,000 | 1,802,000 | 1,817,000 | 1,847,000 | 1,748,000 | 1,784,000 | 1,898,000 | 1,878,000 | 1,650,000 | 1,746,000 | 1,820,000 | 1,913,000 | 1,237,000 | 1,365,000 | 1,142,000 | 1,655,000 |
loan revenue | 924,000 | 1,417,000 | 1,194,000 | 1,841,000 | 760,000 | 1,525,000 | 856,000 | 909,000 | 1,462,000 | 909,000 | 1,420,000 | 966,000 | 1,722,000 | 3,523,000 | 4,293,000 | 3,132,000 | 1,935,000 | 3,151,000 | 1,910,000 | 1,123,000 | 1,757,000 | 991,000 |
bank-owned life insurance | 703,000 | 677,000 | 1,057,000 | 719,000 | 879,000 | 668,000 | 660,000 | 656,000 | 626,000 | 616,000 | 602,000 | 637,000 | 579,000 | 558,000 | 531,000 | 550,000 | 532,000 | 538,000 | 635,000 | 520,000 | 501,000 | 514,000 |
investment securities gains | 33,000 | 161,000 | -140,182,000 | 33,000 | 36,000 | -5,696,000 | 79,000 | -2,000 | -13,170,000 | -1,000 | -163,000 | 395,000 | 40,000 | 137,000 | 36,000 | 42,000 | 6,000 | 42,000 | 18,000 | 23,000 | ||
total noninterest income | 10,253,000 | 10,249,000 | 10,136,000 | 10,837,000 | -130,388,000 | 21,554,000 | 9,750,000 | 3,862,000 | 9,861,000 | 8,746,000 | -4,046,000 | 10,940,000 | 12,588,000 | 12,347,000 | 11,644,000 | 11,229,000 | 9,182,000 | 10,218,000 | 8,269,000 | 10,155,000 | 9,036,000 | 8,004,000 |
noninterest expense | ||||||||||||||||||||||
compensation and employee benefits | 22,312,000 | 21,011,000 | 21,212,000 | 20,684,000 | 19,943,000 | 20,985,000 | 20,930,000 | 17,859,000 | 18,558,000 | 20,386,000 | 19,607,000 | 20,438,000 | 20,046,000 | 18,955,000 | 18,664,000 | 18,266,000 | 17,350,000 | 17,404,000 | 15,682,000 | 16,617,000 | 19,246,000 | 17,426,000 |
occupancy expense of premises | 2,690,000 | 2,540,000 | 2,588,000 | 2,772,000 | 2,443,000 | 2,435,000 | 2,813,000 | 2,309,000 | 2,405,000 | 2,574,000 | 2,746,000 | 2,663,000 | 2,577,000 | 2,253,000 | 2,779,000 | 2,211,000 | 2,547,000 | 2,198,000 | 2,253,000 | 2,341,000 | 2,347,000 | 2,294,000 |
equipment | 2,601,000 | 2,550,000 | 2,426,000 | 2,688,000 | 2,486,000 | 2,530,000 | 2,600,000 | 2,466,000 | 2,123,000 | 2,435,000 | 2,171,000 | 2,327,000 | 2,358,000 | 2,107,000 | 1,901,000 | 2,189,000 | 1,973,000 | 1,861,000 | 2,010,000 | 1,880,000 | 2,251,000 | 2,181,000 |
legal and professional | 2,067,000 | 2,153,000 | 2,226,000 | 2,534,000 | 2,261,000 | 2,253,000 | 2,059,000 | 2,269,000 | 1,678,000 | 1,682,000 | 1,736,000 | 1,846,000 | 2,012,000 | 2,435,000 | 2,353,000 | 1,826,000 | 1,272,000 | 1,375,000 | 1,382,000 | 1,535,000 | 1,797,000 | 1,996,000 |
data processing | 1,568,000 | 1,486,000 | 1,698,000 | 1,719,000 | 1,580,000 | 1,645,000 | 1,360,000 | 1,411,000 | 1,504,000 | 1,521,000 | 1,363,000 | 1,375,000 | 1,731,000 | 1,237,000 | 1,231,000 | 1,211,000 | 1,406,000 | 1,347,000 | 1,240,000 | 1,354,000 | 1,492,000 | 1,234,000 |
marketing | 624,000 | 762,000 | 552,000 | 793,000 | 619,000 | 636,000 | 598,000 | 700,000 | 782,000 | 1,142,000 | 986,000 | 947,000 | 1,139,000 | 1,157,000 | 1,029,000 | 1,121,000 | 1,022,000 | 873,000 | 910,000 | 1,062,000 | 1,147,000 | 1,167,000 |
amortization of intangibles | 1,143,000 | 1,252,000 | 1,408,000 | 1,449,000 | 1,470,000 | 1,593,000 | 1,637,000 | 1,441,000 | 1,460,000 | 1,594,000 | 1,752,000 | 1,770,000 | 1,789,000 | 1,283,000 | 1,227,000 | 1,245,000 | 1,264,000 | 1,341,000 | 1,748,000 | 2,028,000 | 1,941,000 | 2,583,000 |
fdic insurance | 780,000 | 851,000 | 917,000 | 980,000 | 923,000 | 1,051,000 | 942,000 | 900,000 | 783,000 | 862,000 | 749,000 | 405,000 | 415,000 | 420,000 | 420,000 | 380,000 | 435,000 | 245,000 | 445,000 | 448,000 | -72,000 | -42,000 |
communications | 155,000 | 161,000 | 159,000 | 154,000 | 159,000 | 191,000 | 196,000 | 183,000 | 206,000 | 260,000 | 261,000 | 285,000 | 302,000 | 266,000 | 272,000 | 277,000 | 275,000 | 371,000 | 449,000 | 457,000 | 493,000 | 489,000 |
foreclosed assets | 401,000 | 83,000 | 74,000 | 56,000 | 330,000 | 138,000 | 358,000 | 45,000 | 2,000 | -6,000 | -28,000 | 48,000 | 42,000 | 4,000 | -112,000 | 7,000 | 43,000 | 136,000 | 34,000 | 138,000 | 173,000 | 265,000 |
total noninterest expense | 37,637,000 | 35,767,000 | 36,293,000 | 37,372,000 | 35,798,000 | 35,761,000 | 35,565,000 | 32,131,000 | 31,544,000 | 34,919,000 | 33,319,000 | 34,440,000 | 34,623,000 | 32,082,000 | 31,643,000 | 30,444,000 | 29,778,000 | 28,670,000 | 28,038,000 | 30,001,000 | 36,436,000 | 31,442,000 |
income before income tax expense | 21,492,000 | 12,575,000 | 19,595,000 | 20,873,000 | 4,227,000 | 2,522,000 | 11,341,000 | 9,192,000 | 1,778,000 | 19,492,000 | 23,060,000 | 16,708,000 | 17,337,000 | 18,982,000 | 20,824,000 | 22,197,000 | 14,258,000 | -4,173,000 | 11,580,000 | 15,556,000 | ||
income tax expense | 4,477,000 | 2,595,000 | 4,457,000 | 5,054,000 | 958,000 | -208,000 | 2,203,000 | 1,598,000 | 381,000 | 3,490,000 | 4,743,000 | 4,087,000 | 3,442,000 | 4,726,000 | 4,513,000 | 4,926,000 | 2,546,000 | -2,198,000 | -1,791,000 | 3,256,000 | ||
net income | 17,015,000 | 9,980,000 | 15,138,000 | 16,330,000 | -95,707,000 | 15,819,000 | 3,269,000 | 2,730,000 | 9,138,000 | 7,594,000 | 1,397,000 | 16,002,000 | 18,317,000 | 12,621,000 | 13,895,000 | 14,256,000 | 16,311,000 | 17,271,000 | 11,712,000 | -1,975,000 | 13,371,000 | 12,300,000 |
yoy | -117.78% | -36.91% | 363.08% | 498.17% | -1147.35% | 108.31% | 134.00% | -82.94% | -50.11% | -39.83% | -89.95% | 12.25% | 12.30% | -26.92% | 18.64% | -821.82% | 21.99% | 40.41% | ||||
qoq | 70.49% | -34.07% | -7.30% | -117.06% | -705.01% | 383.91% | 19.74% | -70.12% | 20.33% | 443.59% | -91.27% | -12.64% | 45.13% | -9.17% | -2.53% | -12.60% | -5.56% | 47.46% | -693.01% | -114.77% | 8.71% | |
per common share information | ||||||||||||||||||||||
earnings - basic | 820 | 480 | 730 | 1,320 | -6,050 | 1,000 | 210 | 170 | 580 | 480 | 90 | 1,030 | 1,170 | 810 | 890 | 867.5 | 1,030 | 1,080 | 730 | -120 | 525 | 760 |
earnings - diluted | 820 | 480 | 730 | 1,320 | -6,050 | 1,000 | 210 | 180 | 580 | 480 | 90 | 1,010 | 1,170 | 800 | 880 | 865 | 1,030 | 1,080 | 730 | -120 | 522.5 | 760 |
dividends paid | 242.5 | 242.5 | 242.5 | 181.875 | 242.5 | 242.5 | 242.5 | 181.875 | 242.5 | 242.5 | 242.5 | 178.125 | 237.5 | 237.5 | 237.5 | 168.75 | 225 | 225 | 220 | 220 | 151.875 | 202.5 |
income before income tax (benefit) expense | -26,275,000 | -130,200,000 | ||||||||||||||||||||
income tax (benefit) expense | -7,120,250 | -34,493,000 | ||||||||||||||||||||
credit loss benefit | 980,000 | 638,000 | 3,282,000 | |||||||||||||||||||
net interest income after credit loss benefit | 29,718,500 | 45,095,000 | 36,443,000 | |||||||||||||||||||
credit loss (benefit) expense | -1,989,500 | -1,080,000 | ||||||||||||||||||||
net interest income after credit loss (benefit) expense | 31,355,000 | 41,420,000 | ||||||||||||||||||||
goodwill impairment | ||||||||||||||||||||||
insurance commissions | ||||||||||||||||||||||
provision for loan losses | 604,000 | 4,264,000 | ||||||||||||||||||||
net interest income after provision for loan losses | 38,980,000 | 38,994,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||
cash and due from banks | 67,125,000 | 78,696,000 | 68,545,000 | 71,803,000 | 72,173,000 | 66,228,000 | 68,430,000 | 76,237,000 | 71,015,000 | 75,955,000 | 63,945,000 | 83,990,000 | 77,513,000 | 60,622,000 | 47,677,000 | 42,949,000 | 53,562,000 | 52,297,000 | 65,863,000 | 60,396,000 | 67,174,000 | 79,776,000 | 39,929,000 | 44,818,000 | 39,113,000 |
interest earning deposits in banks | 205,116,000 | 90,749,000 | 182,360,000 | 133,092,000 | 129,695,000 | 35,340,000 | 29,328,000 | 5,479,000 | 3,773,000 | 68,603,000 | 5,273,000 | 2,445,000 | 1,001,000 | 23,242,000 | 12,152,000 | 160,881,000 | 84,952,000 | 11,124,000 | 45,018,000 | 58,319,000 | 6,112,000 | 6,413,000 | |||
total cash and cash equivalents | 272,241,000 | 169,445,000 | 250,905,000 | 204,895,000 | 201,868,000 | 101,568,000 | 97,762,000 | 81,727,000 | 74,788,000 | 144,558,000 | 69,218,000 | 86,435,000 | 78,514,000 | 83,864,000 | 59,829,000 | 203,830,000 | 138,514,000 | 63,434,000 | 117,210,000 | 125,545,000 | 73,484,000 | 86,667,000 | |||
debt securities available for sale at fair value | 1,175,656,000 | 1,235,045,000 | 1,305,530,000 | 1,328,433,000 | 1,623,104,000 | 771,034,000 | 797,230,000 | 795,134,000 | 872,770,000 | 903,520,000 | 954,074,000 | 1,153,547,000 | 1,153,304,000 | 1,234,789,000 | 1,145,638,000 | 2,288,110,000 | 2,136,902,000 | 2,072,452,000 | 1,187,455,000 | 881,859,000 | 785,977,000 | 503,278,000 | |||
loans held for sale | 12,690,000 | 16,812,000 | 13,836,000 | 749,000 | 3,283,000 | 2,850,000 | 2,329,000 | 1,045,000 | 2,528,000 | 2,821,000 | 2,553,000 | 612,000 | 2,320,000 | 4,991,000 | 6,466,000 | 12,917,000 | 58,679,000 | 6,149,000 | 12,048,000 | 9,483,000 | 5,400,000 | 7,906,000 | 870,000 | 856,000 | 612,000 |
gross loans held for investment | 4,429,359,000 | 4,391,426,000 | 4,315,546,000 | 4,328,413,000 | 4,344,559,000 | 4,304,619,000 | 4,433,258,000 | 4,138,352,000 | 4,078,060,000 | 4,031,377,000 | 3,932,900,000 | 3,854,791,000 | 3,761,664,000 | 3,627,728,000 | 3,256,294,000 | 3,252,194,000 | 3,278,150,000 | 3,344,156,000 | 3,618,675,000 | 3,440,907,000 | 3,469,236,000 | 3,545,993,000 | |||
unearned income | -9,731,000 | -10,238,000 | -11,362,000 | -12,786,000 | -15,803,000 | -17,387,000 | -18,612,000 | -11,405,000 | -12,091,000 | -12,728,000 | -13,535,000 | -14,267,000 | -15,375,000 | -16,576,000 | -6,259,000 | -7,182,000 | -9,506,000 | -14,000,000 | -21,636,000 | -15,145,000 | -17,970,000 | -21,265,000 | |||
loans held for investment, net of unearned income | 4,419,628,000 | 4,381,188,000 | 4,304,184,000 | 4,315,627,000 | 4,328,756,000 | 4,287,232,000 | 4,414,646,000 | 4,126,947,000 | 4,065,969,000 | 4,018,649,000 | 3,919,365,000 | 3,840,524,000 | 3,746,289,000 | 3,611,152,000 | 3,250,035,000 | 3,245,012,000 | 3,268,644,000 | 3,330,156,000 | 3,597,039,000 | 3,425,762,000 | 3,451,266,000 | 3,524,728,000 | |||
allowance for credit losses | -51,900,000 | -65,800,000 | -53,900,000 | -55,200,000 | -54,000,000 | -53,900,000 | -55,900,000 | -51,500,000 | -51,600,000 | -50,400,000 | -49,800,000 | -49,200,000 | -52,100,000 | -52,350,000 | -46,200,000 | -48,700,000 | -47,900,000 | -48,000,000 | -55,644,000 | -51,187,000 | |||||
total loans held for investment | 4,367,728,000 | 4,315,388,000 | 4,250,284,000 | 4,260,427,000 | 4,274,756,000 | 4,233,332,000 | 4,358,746,000 | 4,075,447,000 | 4,014,369,000 | 3,968,249,000 | 3,869,565,000 | 3,791,324,000 | 3,694,189,000 | 3,558,802,000 | 3,203,835,000 | 3,196,312,000 | 3,220,744,000 | 3,282,156,000 | 3,541,395,000 | 3,374,575,000 | 3,422,187,000 | 3,493,196,000 | |||
premises and equipment | 89,552,000 | 89,910,000 | 90,031,000 | 90,851,000 | 90,750,000 | 91,793,000 | 95,986,000 | 85,742,000 | 85,589,000 | 85,831,000 | 86,208,000 | 87,125,000 | 87,732,000 | 89,048,000 | 82,603,000 | 83,492,000 | 84,130,000 | 84,667,000 | 88,929,000 | 89,860,000 | 90,723,000 | 91,190,000 | 77,552,000 | 75,969,000 | 75,036,000 |
goodwill | 69,788,000 | 69,788,000 | 69,788,000 | 69,788,000 | 69,788,000 | 69,388,000 | 71,118,000 | 62,477,000 | 62,477,000 | 62,477,000 | 62,477,000 | 62,477,000 | 62,477,000 | 62,477,000 | 62,477,000 | 62,477,000 | 62,477,000 | 62,477,000 | 93,977,000 | 93,977,000 | 91,918,000 | 93,258,000 | 64,654,000 | 64,654,000 | 64,654,000 |
other intangible assets | 21,216,000 | 22,359,000 | 23,611,000 | 25,019,000 | 26,469,000 | 27,939,000 | 29,531,000 | 24,069,000 | 25,510,000 | 26,969,000 | 28,563,000 | 30,315,000 | 32,086,000 | 33,874,000 | 18,658,000 | 19,885,000 | 21,130,000 | 22,394,000 | 28,443,000 | 30,190,000 | 32,218,000 | 33,635,000 | 11,389,000 | 12,046,000 | 12,759,000 |
foreclosed assets | 3,952,000 | 3,414,000 | 3,419,000 | 3,337,000 | 3,583,000 | 6,053,000 | 3,897,000 | 3,929,000 | 103,000 | 103,000 | 284,000 | 273,000 | 357,000 | 454,000 | 755,000 | 965,000 | 968,000 | 3,706,000 | 4,366,000 | ||||||
other assets | 236,929,000 | 238,612,000 | 246,990,000 | 252,830,000 | 258,881,000 | 224,621,000 | 226,477,000 | 222,780,000 | 244,036,000 | 227,495,000 | 219,585,000 | 236,517,000 | 233,753,000 | 206,320,000 | 176,223,000 | 157,748,000 | 152,393,000 | 154,731,000 | 160,541,000 | 157,452,000 | 147,960,000 | 144,482,000 | 22,759,000 | 22,761,000 | 20,537,000 |
total assets | 6,249,752,000 | 6,160,773,000 | 6,254,394,000 | 6,236,329,000 | 6,552,482,000 | 6,581,658,000 | 6,748,015,000 | 6,427,540,000 | 6,467,818,000 | 6,521,489,000 | 6,409,952,000 | 6,577,876,000 | 6,491,061,000 | 6,442,491,000 | 5,960,214,000 | 6,025,128,000 | 5,875,423,000 | 5,749,215,000 | 5,230,963,000 | 4,763,909,000 | 4,653,573,000 | 4,648,287,000 | 3,241,642,000 | 3,212,271,000 | 3,144,199,000 |
liabilities and shareholders' equity | |||||||||||||||||||||||||
noninterest bearing deposits | 958,080,000 | 910,693,000 | 903,714,000 | 951,423,000 | 917,715,000 | 882,472,000 | 920,764,000 | 897,053,000 | 924,213,000 | 897,923,000 | 989,469,000 | 1,053,450,000 | 1,114,825,000 | 1,002,415,000 | 1,005,369,000 | 999,887,000 | 952,764,000 | 867,637,000 | 637,127,000 | 662,209,000 | 673,777,000 | ||||
interest bearing deposits | 4,520,916,000 | 4,477,405,000 | 4,585,428,000 | 4,526,559,000 | 4,451,012,000 | 4,529,947,000 | 4,664,472,000 | 4,498,620,000 | 4,439,111,000 | 4,547,524,000 | 4,565,684,000 | 4,415,492,000 | 4,422,616,000 | 4,075,310,000 | 4,109,150,000 | 3,957,894,000 | 3,839,902,000 | 3,397,798,000 | 3,222,717,000 | 3,066,446,000 | 3,035,935,000 | ||||
total deposits | 5,478,996,000 | 5,388,098,000 | 5,489,142,000 | 5,477,982,000 | 5,368,727,000 | 5,412,419,000 | 5,585,236,000 | 5,395,673,000 | 5,363,324,000 | 5,445,447,000 | 5,555,153,000 | 5,468,942,000 | 5,476,782,000 | 5,537,441,000 | 5,077,725,000 | 5,114,519,000 | 4,957,781,000 | 4,792,666,000 | 4,265,435,000 | 3,859,844,000 | 3,728,655,000 | 3,709,712,000 | 2,631,921,000 | 2,605,319,000 | 2,490,415,000 |
short-term borrowings | 1,482,000 | 3,186,000 | 410,630,000 | 414,684,000 | 422,988,000 | 300,264,000 | 373,956,000 | 362,054,000 | 143,981,000 | 391,873,000 | 304,536,000 | 193,894,000 | 181,193,000 | 181,368,000 | 187,508,000 | 212,261,000 | 162,224,000 | 129,489,000 | 139,349,000 | 155,101,000 | |||||
long-term debt | 97,973,000 | 112,320,000 | 111,398,000 | 113,376,000 | 115,051,000 | 114,839,000 | 122,066,000 | 123,296,000 | 124,526,000 | 125,752,000 | 137,981,000 | 139,210,000 | 154,190,000 | 159,168,000 | 139,898,000 | 154,879,000 | 154,860,000 | 169,839,000 | 189,973,000 | 209,874,000 | 231,660,000 | 244,677,000 | 11,250,000 | 12,500,000 | 13,750,000 |
other liabilities | 66,727,000 | 71,315,000 | 72,747,000 | 82,089,000 | 95,836,000 | 96,430,000 | 89,685,000 | 83,929,000 | 100,601,000 | 86,895,000 | 72,187,000 | 85,058,000 | 83,324,000 | 63,156,000 | 56,941,000 | 46,887,000 | 45,010,000 | 44,156,000 | 92,550,000 | 64,138,000 | 44,927,000 | 40,912,000 | 10,249,000 | 11,499,000 | 13,424,000 |
total liabilities | 5,643,696,000 | 5,571,733,000 | 5,674,769,000 | 5,676,633,000 | 5,990,244,000 | 6,038,372,000 | 6,219,975,000 | 5,903,162,000 | 5,962,407,000 | 6,020,148,000 | 5,909,302,000 | 6,085,083,000 | 6,018,832,000 | 5,953,659,000 | 5,455,757,000 | 5,497,653,000 | 5,345,159,000 | 5,218,922,000 | 4,710,182,000 | 4,263,345,000 | 4,144,591,000 | 4,150,402,000 | 2,900,265,000 | 2,871,967,000 | 2,797,636,000 |
shareholders' equity | |||||||||||||||||||||||||
preferred stock, no par value; authorized 500,000 shares; no shares issued and outstanding | |||||||||||||||||||||||||
common stock | 21,580,000 | 21,580,000 | 21,580,000 | 21,580,000 | 21,580,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 16,581,000 | 12,463,000 | 12,463,000 | 12,463,000 |
additional paid-in capital | 415,061,000 | 414,485,000 | 414,258,000 | 414,987,000 | 414,965,000 | 300,831,000 | 300,845,000 | 302,157,000 | 301,889,000 | 301,424,000 | 300,966,000 | 302,085,000 | 301,418,000 | 300,859,000 | 300,505,000 | 300,940,000 | 300,327,000 | 299,888,000 | 299,542,000 | 299,412,000 | 297,390,000 | 297,144,000 | 187,188,000 | 187,486,000 | 187,296,000 |
retained earnings | 244,720,000 | 232,718,000 | 227,790,000 | 217,776,000 | 206,490,000 | 306,030,000 | 294,066,000 | 294,784,000 | 295,862,000 | 290,548,000 | 286,767,000 | 289,289,000 | 276,998,000 | 262,395,000 | 253,500,000 | 243,365,000 | 232,639,000 | 219,884,000 | 198,382,000 | 190,212,000 | 201,105,000 | 191,007,000 | 153,542,000 | 148,078,000 | 151,280,000 |
treasury stock | -25,929,000 | -22,186,000 | -20,905,000 | -21,885,000 | -21,955,000 | -22,021,000 | -22,648,000 | -24,245,000 | -24,315,000 | -24,508,000 | -24,779,000 | -26,115,000 | -26,145,000 | -25,772,000 | -24,113,000 | -24,546,000 | -22,735,000 | -15,888,000 | -12,272,000 | -12,518,000 | -10,466,000 | -9,933,000 | -5,612,000 | -5,121,000 | -5,141,000 |
accumulated other comprehensive loss | -49,376,000 | -57,557,000 | -63,098,000 | -72,762,000 | -58,842,000 | -58,135,000 | -60,804,000 | -64,899,000 | -84,606,000 | -82,704,000 | -78,885,000 | -89,047,000 | -96,623,000 | -65,231,000 | -42,016,000 | -6,204,000 | -2,602,000 | ||||||||
total shareholders' equity | 606,056,000 | 589,040,000 | 579,625,000 | 559,696,000 | 562,238,000 | 543,286,000 | 528,040,000 | 524,378,000 | 505,411,000 | 501,341,000 | 500,650,000 | 492,793,000 | 472,229,000 | 488,832,000 | 504,457,000 | 527,475,000 | 530,264,000 | 530,293,000 | 520,781,000 | 500,564,000 | 508,982,000 | 497,885,000 | 341,377,000 | 340,304,000 | 346,563,000 |
total liabilities and shareholders' equity | 6,249,752,000 | 6,160,773,000 | 6,254,394,000 | 6,236,329,000 | 6,552,482,000 | 6,581,658,000 | 6,748,015,000 | 6,427,540,000 | 6,467,818,000 | 6,521,489,000 | 6,409,952,000 | 6,577,876,000 | 6,491,061,000 | 6,442,491,000 | 5,960,214,000 | 6,025,128,000 | 5,875,423,000 | 5,749,215,000 | 5,230,963,000 | 4,763,909,000 | 4,653,573,000 | 4,648,287,000 | 3,241,642,000 | 3,212,271,000 | 3,144,199,000 |
federal funds sold | 4,000 | 11,000 | 13,000 | 6,329,000 | 6,830,000 | 198,000 | 478,000 | 680,000 | |||||||||||||||||
held to maturity securities at amortized cost | 1,053,080,000 | 1,064,939,000 | 1,075,190,000 | 1,085,751,000 | 1,099,569,000 | 1,117,709,000 | 1,129,421,000 | 1,146,583,000 | 1,168,042,000 | 1,204,212,000 | 190,309,000 | ||||||||||||||
total securities | 1,328,433,000 | 1,623,104,000 | 1,824,114,000 | 1,862,169,000 | 1,870,324,000 | 1,958,521,000 | 2,003,089,000 | 2,071,783,000 | 2,282,968,000 | 2,299,887,000 | 2,402,831,000 | 2,349,850,000 | |||||||||||||
commitments and contingencies | |||||||||||||||||||||||||
noninterest-bearing deposits | 1,139,694,000 | ||||||||||||||||||||||||
interest-bearing deposits | 4,337,088,000 | ||||||||||||||||||||||||
accumulated other comprehensive income | -8,865,000 | 3,452,000 | 9,828,000 | 18,548,000 | 6,877,000 | 4,372,000 | 3,086,000 | 665,000 | |||||||||||||||||
total securities held for investment | 785,977,000 | 693,587,000 | |||||||||||||||||||||||
allowance for loan losses | -29,079,000 | -31,532,000 | -29,671,000 | -28,059,000 | -26,510,000 | ||||||||||||||||||||
preferred stock, no par value; authorized 500,000 shares; no shares issued and outstanding at september 30, 2019 and december 31, 2018 | |||||||||||||||||||||||||
interest-bearing deposits in banks | 2,467,000 | 5,474,000 | 2,988,000 | ||||||||||||||||||||||
cash and cash equivalents | 42,396,000 | 50,972,000 | 42,101,000 | ||||||||||||||||||||||
investment securities: | |||||||||||||||||||||||||
equity securities | 2,815,000 | ||||||||||||||||||||||||
available for sale debt securities | 446,087,000 | ||||||||||||||||||||||||
held to maturity debt securities | 194,617,000 | ||||||||||||||||||||||||
loans | 2,326,158,000 | 2,286,695,000 | 2,263,811,000 | ||||||||||||||||||||||
net loans | 2,296,487,000 | 2,258,636,000 | 2,237,301,000 | ||||||||||||||||||||||
accrued interest receivable | 13,337,000 | 14,732,000 | 13,871,000 | ||||||||||||||||||||||
bank-owned life insurance | 59,812,000 | 59,831,000 | 59,432,000 | ||||||||||||||||||||||
other real estate owned | 1,001,000 | 2,010,000 | 1,343,000 | ||||||||||||||||||||||
deferred income taxes | 7,866,000 | 6,525,000 | 6,008,000 | ||||||||||||||||||||||
deposits: | |||||||||||||||||||||||||
non-interest-bearing demand | 450,168,000 | 461,969,000 | 477,376,000 | ||||||||||||||||||||||
interest-bearing checking | 1,240,208,000 | 1,228,112,000 | 1,137,592,000 | ||||||||||||||||||||||
savings | 215,940,000 | 213,430,000 | 203,506,000 | ||||||||||||||||||||||
certificates of deposit under 100,000 | 332,727,000 | 324,681,000 | 324,024,000 | ||||||||||||||||||||||
certificates of deposit 100,000 and over | 392,878,000 | 377,127,000 | 347,917,000 | ||||||||||||||||||||||
federal funds purchased | 25,573,000 | 1,000,000 | 16,708,000 | ||||||||||||||||||||||
securities sold under agreements to repurchase | 67,738,000 | 96,229,000 | 87,964,000 | ||||||||||||||||||||||
federal home loan bank borrowings | 123,000,000 | 115,000,000 | 145,000,000 | ||||||||||||||||||||||
junior subordinated notes issued to capital trusts | 23,817,000 | 23,793,000 | 23,768,000 | ||||||||||||||||||||||
deferred compensation liability | 5,258,000 | 5,199,000 | 5,158,000 | ||||||||||||||||||||||
accrued interest payable | 1,459,000 | 1,428,000 | 1,449,000 | ||||||||||||||||||||||
shareholders' equity: | |||||||||||||||||||||||||
preferred stock, no par value; authorized 500,000 shares; no shares issued and outstanding at march 31, 2018 and december 31, 2017 | |||||||||||||||||||||||||
available for sale | 447,660,000 | 427,241,000 | |||||||||||||||||||||||
held to maturity | 195,619,000 | 183,304,000 | |||||||||||||||||||||||
preferred stock, no par value; authorized 500,000 shares; no shares issued and outstanding at december 31, 2017 and december 31, 2016 | |||||||||||||||||||||||||
preferred stock, no par value; authorized 500,000 shares; no shares issued and outstanding at september 30, 2017 and december 31, 2016 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2018-03-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | |||||||||||||||||||
net income | 17,015,000 | 9,980,000 | 15,138,000 | 16,330,000 | -95,707,000 | 15,819,000 | 3,269,000 | 2,730,000 | 9,138,000 | 7,594,000 | 1,397,000 | 16,002,000 | 18,317,000 | 12,621,000 | 13,895,000 | 14,256,000 | 16,311,000 | 7,793,000 | -1,590,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||
credit loss expense | 2,132,000 | 11,889,000 | 1,687,000 | 1,291,000 | 1,535,000 | 1,267,000 | 4,689,000 | 1,768,000 | 1,551,000 | 1,597,000 | 933,000 | 572,000 | 638,000 | ||||||
depreciation, amortization, and accretion | 115,000 | 1,000 | 176,000 | -572,000 | 2,517,000 | 2,760,000 | 2,992,000 | 3,152,000 | 3,213,000 | 3,316,000 | 2,891,000 | 2,651,000 | 1,901,000 | 3,141,000 | 2,469,000 | 1,495,000 | -561,000 | ||
net change in premises and equipment due to writedown or sale | 11,000 | 0 | 213,000 | 0 | 0 | -1,000 | 79,000 | -160,000 | 7,000 | 80,000 | -19,000 | 224,000 | 70,000 | 20,000 | 410,000 | -24,000 | |||
share-based compensation | 702,000 | 699,000 | 595,000 | 88,000 | 587,000 | 584,000 | 641,000 | 338,000 | 692,000 | 725,000 | 648,000 | 704,000 | 640,000 | 637,000 | 560,000 | 631,000 | 471,000 | ||
net gain on call or sale of debt securities available for sale | 0 | 0 | -33,000 | ||||||||||||||||
impairment of debt securities | |||||||||||||||||||
net change in foreclosed assets due to writedown or sale | 260,000 | 1,000 | 59,000 | 89,000 | -19,000 | -24,000 | 311,000 | -9,000 | 2,000 | 0 | -31,000 | 40,000 | 41,000 | 0 | -112,000 | -8,000 | 30,000 | ||
net gain on sale of loans held for sale | -499,000 | -490,000 | -241,000 | -368,000 | -389,000 | -419,000 | -181,000 | -254,000 | -75,000 | -762,000 | -75,000 | -137,000 | -393,000 | -495,000 | -817,000 | -1,356,000 | -1,294,000 | -253,000 | -457,000 |
origination of loans held for sale | -23,421,000 | -27,548,000 | -13,664,000 | -20,357,000 | -18,479,000 | -20,448,000 | -9,386,000 | -15,499,000 | -16,175,000 | -9,976,000 | -21,256,000 | -27,670,000 | -32,564,000 | -68,299,000 | -12,916,000 | -22,501,000 | |||
proceeds from sales of loans held for sale | 28,042,000 | 25,062,000 | 11,858,000 | 23,259,000 | 18,435,000 | 20,346,000 | 8,283,000 | 9,253,000 | 15,867,000 | 16,669,000 | 8,110,000 | 10,848,000 | 24,320,000 | 26,240,000 | 43,232,000 | 104,027,000 | 17,063,000 | 13,155,000 | 22,714,000 |
decrease in cash surrender value of bank-owned life insurance | |||||||||||||||||||
decrease in deferred income taxes | 4,274,000 | 1,380,000 | 1,261,000 | 1,441,000 | |||||||||||||||
gain on branch sale | 107,000 | ||||||||||||||||||
change in: | |||||||||||||||||||
other assets | -5,101,000 | 3,669,000 | 120,000 | 1,440,000 | -2,459,000 | 10,805,000 | -2,430,000 | 9,121,000 | -12,974,000 | -4,161,000 | 14,434,000 | -2,722,000 | -17,011,000 | -9,959,000 | -7,514,000 | -900,000 | 4,459,000 | ||
other liabilities | -5,287,000 | -1,232,000 | -9,242,000 | -1,098,000 | -12,343,000 | 6,201,000 | 2,239,000 | -16,472,000 | 13,807,000 | 14,607,000 | -12,871,000 | 1,734,000 | 19,868,000 | 11,176,000 | 5,747,000 | 3,462,000 | 619,000 | ||
net cash from operating activities | 17,695,000 | 24,916,000 | 8,675,000 | 31,122,000 | -2,758,000 | 25,232,000 | 9,588,000 | 6,736,000 | 14,946,000 | 23,289,000 | 17,599,000 | 18,009,000 | 28,243,000 | 17,900,000 | 26,176,000 | 64,365,000 | -32,100,000 | 11,444,000 | 7,023,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 17,695,000 | 24,916,000 | 8,675,000 | 31,122,000 | -2,758,000 | 25,232,000 | 9,588,000 | 6,736,000 | 14,946,000 | 23,289,000 | 17,599,000 | 18,009,000 | 28,243,000 | 17,900,000 | 26,176,000 | 64,365,000 | -32,100,000 | 11,444,000 | 7,023,000 |
investing activities: | |||||||||||||||||||
purchases of equity securities | 0 | -250,000 | -500,000 | -375,000 | 0 | -250,000 | -250,000 | -375,000 | 0 | 0 | -503,000 | ||||||||
proceeds from sales of debt securities available for sale | 1,015,245,000 | 0 | 0 | 52,323,000 | 107,512,000 | 0 | 0 | 218,667,000 | 0 | 17,570,000 | 9,990,000 | 782,000 | |||||||
proceeds from maturities, calls and payments of debt securities available for sale | 90,271,000 | 79,381,000 | 42,502,000 | 66,877,000 | |||||||||||||||
purchases of debt securities available for sale | -18,537,000 | 0 | -5,015,000 | -819,449,000 | 0 | 0 | -28,376,000 | -35,125,000 | 0 | 0 | -54,690,000 | 0 | 0 | -187,421,000 | -198,857,000 | -281,257,000 | -168,447,000 | ||
proceeds from maturities, calls, and payments of debt securities held to maturity | |||||||||||||||||||
net increase in loans held for investment | -53,399,000 | 15,297,000 | -42,132,000 | -37,053,000 | -79,756,000 | -66,106,000 | -46,915,000 | -99,263,000 | -77,890,000 | -96,824,000 | -133,828,000 | -72,671,000 | -9,239,000 | ||||||
purchases of premises and equipment | -949,000 | -1,131,000 | -410,000 | -1,037,000 | -218,000 | -630,000 | -519,000 | -1,775,000 | -973,000 | -903,000 | -404,000 | -683,000 | -712,000 | -330,000 | -938,000 | -537,000 | -833,000 | -2,594,000 | -1,953,000 |
proceeds from sale of foreclosed assets | 110,000 | 172,000 | 3,038,000 | 48,000 | 2,000 | 49,000 | 1,000 | 0 | 134,000 | 450,000 | 149,000 | 0 | 196,000 | 134,000 | 271,000 | ||||
proceeds from sale of premises and equipment | 0 | 0 | 360,000 | 0 | 697,000 | 183,000 | 6,000 | 0 | 15,000 | 8,000 | 626,000 | 13,000 | 0 | ||||||
net cash paid in business acquisition | 0 | -8,641,000 | -19,980,000 | ||||||||||||||||
net cash received in divestiture of branches | -107,000 | ||||||||||||||||||
proceeds of principal and earnings from bank-owned life insurance | 0 | 0 | 380,000 | 303,000 | 452,000 | ||||||||||||||
net cash from investing activities | 17,496,000 | 2,125,000 | 35,462,000 | 277,033,000 | 35,930,000 | 37,677,000 | -38,337,000 | -9,314,000 | -40,179,000 | 132,544,000 | -74,304,000 | -14,361,000 | -113,817,000 | -144,216,000 | -46,042,000 | -72,288,000 | |||
financing activities: | |||||||||||||||||||
net increase in: | |||||||||||||||||||
deposits | 90,890,000 | -101,058,000 | 11,100,000 | 109,108,000 | -43,732,000 | -39,673,000 | -34,797,000 | 32,324,000 | -82,150,000 | -109,738,000 | 86,175,000 | -7,877,000 | -60,721,000 | -3,955,000 | -36,825,000 | 156,704,000 | 165,071,000 | ||
short-term borrowings | 0 | -1,482,000 | -1,704,000 | -407,444,000 | -4,054,000 | -8,304,000 | 85,224,000 | -73,692,000 | 11,902,000 | 218,073,000 | -247,892,000 | 87,337,000 | 110,642,000 | 11,160,000 | -175,000 | -6,140,000 | -24,753,000 | ||
redemption of subordinated debentures | 0 | 0 | |||||||||||||||||
loss on extinguishment of subordinated debentures | |||||||||||||||||||
payments on finance lease liability | -58,000 | -57,000 | -55,000 | -54,000 | -52,000 | -50,000 | -50,000 | -48,000 | -46,000 | -46,000 | -43,000 | -43,000 | -42,000 | -40,000 | -39,000 | -38,000 | -37,000 | ||
proceeds from federal home loan bank borrowings | 0 | 1,052,000 | 35,000,000 | 70,000,000 | |||||||||||||||
payments of federal home loan bank borrowings | 0 | -250,000 | 0 | 0 | -10,000,000 | 0 | -6,000,000 | -15,000,000 | 0 | -15,000,000 | |||||||||
proceeds from other long-term debt | 0 | 0 | |||||||||||||||||
payments of other long-term debt | 0 | 0 | -2,000,000 | -2,750,000 | -2,750,000 | -1,250,000 | -1,250,000 | -1,250,000 | -1,250,000 | -1,250,000 | -1,250,000 | -5,000,000 | |||||||
taxes paid relating to the release/lapse of restriction on rsus | -39,000 | 0 | -420,000 | -1,000 | -29,000 | -1,000 | -523,000 | -2,000 | -53,000 | -5,000 | -549,000 | -11,000 | -27,000 | -7,000 | -236,000 | -3,000 | 0 | ||
dividends paid | -5,003,000 | -5,052,000 | -5,048,000 | -5,039,000 | -3,825,000 | -3,825,000 | -3,820,000 | -3,806,000 | -3,805,000 | -3,804,000 | -3,801,000 | -3,712,000 | -3,710,000 | -3,719,000 | -3,729,000 | -3,529,000 | -3,555,000 | -2,386,000 | -2,077,000 |
proceeds from issuance of common stock | 0 | ||||||||||||||||||
payment of stock issuance costs | 0 | ||||||||||||||||||
repurchase of common stock | -3,840,000 | 5,000 | -431,000 | -1,943,000 | -356,000 | -1,827,000 | -6,880,000 | -1,082,000 | |||||||||||
net cash from financing activities | 67,605,000 | -108,501,000 | 1,873,000 | -305,128,000 | 67,128,000 | -59,103,000 | 44,784,000 | -46,474,000 | -75,402,000 | 92,230,000 | -167,360,000 | 60,699,000 | 40,711,000 | 145,167,000 | 114,846,000 | 26,022,000 | 74,136,000 | ||
net change in cash and cash equivalents | 102,796,000 | -81,460,000 | 46,010,000 | 3,027,000 | 100,300,000 | 3,806,000 | 16,035,000 | 6,939,000 | -69,770,000 | 75,340,000 | -17,217,000 | ||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 204,895,000 | 0 | 0 | 81,727,000 | 0 | 0 | 86,435,000 | 50,972,000 | |||||||||
cash and cash equivalents at end of period | 102,796,000 | -81,460,000 | 250,905,000 | 100,300,000 | 3,806,000 | 97,762,000 | -69,770,000 | 75,340,000 | 69,218,000 | 42,396,000 | |||||||||
increase in cash surrender value of bank-owned life insurance | 1,673,000 | -1,057,000 | -719,000 | -672,000 | -667,000 | -661,000 | -656,000 | -626,000 | -616,000 | -602,000 | -637,000 | -579,000 | -558,000 | -531,000 | -550,000 | -532,000 | -433,000 | ||
decrease (increase) in deferred income taxes | 3,066,000 | -244,000 | 459,000 | ||||||||||||||||
net decrease (increase) in loans held for investment | -1,495,000 | 26,377,000 | 66,679,000 | ||||||||||||||||
net loss on call or sale of debt securities available for sale | |||||||||||||||||||
net gain on sale of equity securities | |||||||||||||||||||
bargain purchase gain | -2,512,000 | 144,000 | |||||||||||||||||
gain on sale of florida banking operations | |||||||||||||||||||
proceeds from sales of equity securities | |||||||||||||||||||
proceeds from maturities, calls and payments of debt securities held to maturity | |||||||||||||||||||
net cash (paid) acquired in business acquisition | |||||||||||||||||||
net cash received in divestiture of florida banking operations | |||||||||||||||||||
cash and cash equivalents at beginning of year | |||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||
net (gain) loss on call or sale of debt securities available for sale | -36,000 | ||||||||||||||||||
increase in deferred income taxes | -221,000 | -255,000 | -410,000 | ||||||||||||||||
proceeds from maturities and calls of debt securities available for sale | 28,591,000 | 27,951,000 | 29,546,000 | 25,413,000 | 41,035,000 | 34,746,000 | 8,988,000 | 20,838,000 | 67,006,000 | 45,174,000 | 100,451,000 | 93,869,000 | |||||||
proceeds from maturities and calls of debt securities held to maturity | 11,873,000 | 10,268,000 | 10,580,000 | 13,910,000 | 18,255,000 | 11,798,000 | 17,276,000 | 21,679,000 | 36,662,000 | 49,839,000 | |||||||||
net gain on sale or call of debt securities available for sale | 6,675,000 | -79,000 | 2,000 | 13,170,000 | 1,000 | 163,000 | -395,000 | -40,000 | -137,000 | -36,000 | |||||||||
origination and participations purchased of loans held for sale | |||||||||||||||||||
net cash acquired in business acquisition | 0 | 0 | |||||||||||||||||
net cash from provided by investing activities | |||||||||||||||||||
payments of subordinated debt issuance costs | 0 | 0 | |||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||
cash paid during the period for interest | 16,599,000 | 5,466,000 | |||||||||||||||||
supplemental schedule of non-cash investing and financing activities: | |||||||||||||||||||
transfer of loans held for investment to loans held for sale | 3,400,000 | ||||||||||||||||||
investment securities purchased but not settled | 6,509,000 | ||||||||||||||||||
transfer of premises and equipment to assets held for sale | 628,000 | ||||||||||||||||||
transfer of debt securities available for sale to debt securities held to maturity | 1,253,179,000 | ||||||||||||||||||
goodwill impairment | |||||||||||||||||||
proceeds from issuance of subordinated debt | |||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||
net increase in cash and cash equivalents | -144,001,000 | 65,316,000 | 75,080,000 | -8,576,000 | 8,871,000 | ||||||||||||||
cash and cash equivalents: | |||||||||||||||||||
beginning of period | 0 | 0 | 203,830,000 | 0 | |||||||||||||||
ending balance | -5,350,000 | 24,035,000 | 59,829,000 | 65,316,000 | 75,080,000 | ||||||||||||||
net decrease in cash and cash equivalents | |||||||||||||||||||
credit loss (benefit) expense | 622,000 | -1,080,000 | |||||||||||||||||
net cash from (provided by) financing activities | -56,360,000 | ||||||||||||||||||
transfer of loans to foreclosed assets | |||||||||||||||||||
net gain on call of debt securities held to maturity | |||||||||||||||||||
gain on sale of assets of midwestone insurance services, inc. | |||||||||||||||||||
proceeds from sales of debt securities held to maturity | |||||||||||||||||||
proceeds from sale of assets of midwestone insurance services, inc. | |||||||||||||||||||
beginning balance | |||||||||||||||||||
cash paid during the period for income taxes | |||||||||||||||||||
net income on sale of premises and equipment | |||||||||||||||||||
net cash (used in) investing activities | |||||||||||||||||||
provision for loan losses | |||||||||||||||||||
depreciation of premises and equipment | 1,034,000 | 1,045,000 | |||||||||||||||||
amortization of discount on long-term debt | |||||||||||||||||||
amortization of intangible assets | |||||||||||||||||||
amortization of net premiums on debt securities available for sale | |||||||||||||||||||
amortization of operating lease right-of-use assets | |||||||||||||||||||
loss on sale of premises and equipment | 1,000 | ||||||||||||||||||
excess tax benefit from share-based award activity | |||||||||||||||||||
stock-based compensation | 237,000 | 208,000 | |||||||||||||||||
net losses on equity securities | |||||||||||||||||||
net loss on call of debt securities held to maturity | |||||||||||||||||||
net loss on sale of foreclosed assets | |||||||||||||||||||
writedown of foreclosed assets | |||||||||||||||||||
cash surrender value of bank-owned life insurance | |||||||||||||||||||
deferred income taxes | -89,000 | ||||||||||||||||||
oher liabilities | |||||||||||||||||||
purchase of debt securities held to maturity | |||||||||||||||||||
net decrease in loans | |||||||||||||||||||
payments to acquire intangible assets | |||||||||||||||||||
proceeds from sale of intangible assets | |||||||||||||||||||
net increase in deposits | 26,602,000 | 114,904,000 | |||||||||||||||||
net change in short-term borrowings | |||||||||||||||||||
net change in long-term debt | |||||||||||||||||||
proceeds from stock options exercised | 135,000 | ||||||||||||||||||
taxes paid relating to net share settlement of equity awards | -79,000 | -6,000 | |||||||||||||||||
benefit from loan losses | 1,850,000 | 10,669,000 | |||||||||||||||||
amortization of other intangibles | 657,000 | 713,000 | |||||||||||||||||
amortization of premiums and discounts on investment securities | 244,000 | 263,000 | |||||||||||||||||
net incomees on equity securities | 24,000 | ||||||||||||||||||
net gain on sale or call of available for sale debt securities | -9,000 | ||||||||||||||||||
net gain on sale or call of held to maturity debt securities | |||||||||||||||||||
net gain on sale of other real estate owned | -93,000 | 17,000 | |||||||||||||||||
writedown of other real estate owned | 5,000 | 35,000 | |||||||||||||||||
decrease in accrued interest receivable | 1,395,000 | ||||||||||||||||||
decrease in other assets | 2,000 | ||||||||||||||||||
increase in deferred compensation liability | 59,000 | 41,000 | |||||||||||||||||
increase in accrued interest payable, accounts payable, accrued expenses, and other liabilities | -1,219,000 | ||||||||||||||||||
proceeds from sales of available for sale debt securities | 496,000 | ||||||||||||||||||
proceeds from maturities and calls of available for sale debt securities | 13,546,000 | ||||||||||||||||||
purchases of available for sale debt securities | -19,770,000 | ||||||||||||||||||
proceeds from sales of held to maturity debt securities | |||||||||||||||||||
proceeds from maturities and calls of held to maturity debt securities | 1,488,000 | ||||||||||||||||||
purchase of held to maturity debt securities | -553,000 | ||||||||||||||||||
net increase in loans | -40,065,000 | ||||||||||||||||||
proceeds from sale of other real estate owned | 1,461,000 | 233,000 | |||||||||||||||||
increase in federal funds purchased | 24,573,000 | ||||||||||||||||||
decrease in securities sold under agreements to repurchase | -28,491,000 | ||||||||||||||||||
repayment of federal home loan bank borrowings | -27,000,000 | -100,000,000 | |||||||||||||||||
payments on long-term debt | -1,250,000 | -1,250,000 | |||||||||||||||||
(gain) loss on sale of premises and equipment | 0 | ||||||||||||||||||
deferred income tax expense | |||||||||||||||||||
excess tax benefits from share-based award activity | |||||||||||||||||||
net gain on sale or call of available for sale securities | 8,000 | ||||||||||||||||||
net gain on sale or call of held to maturity securities | -10,000 | ||||||||||||||||||
increase in accrued interest receivable | |||||||||||||||||||
increase in cash value of bank-owned life insurance | |||||||||||||||||||
increase in other assets | -2,224,000 | ||||||||||||||||||
increase in accounts payable, accrued expenses, and other liabilities | |||||||||||||||||||
proceeds from sales of available for sale securities | -8,000 | ||||||||||||||||||
proceeds from maturities and calls of available for sale securities | 14,572,000 | ||||||||||||||||||
purchases of available for sale securities | -39,804,000 | ||||||||||||||||||
proceeds from sales of held to maturity securities | 0 | ||||||||||||||||||
proceeds from maturities and calls of held to maturity securities | 3,107,000 | ||||||||||||||||||
purchases of held to maturity securities | |||||||||||||||||||
increase in loans | |||||||||||||||||||
decrease in loan pool participations | |||||||||||||||||||
proceeds from bank-owned life insurance death benefit | |||||||||||||||||||
purchases of bank-owned life insurance | |||||||||||||||||||
net increase in federal funds purchased | |||||||||||||||||||
net increase in securities sold under agreements to repurchase | |||||||||||||||||||
proceeds from share-based award activity | |||||||||||||||||||
redemption of subordinated note | |||||||||||||||||||
proceeds from long-term debt | |||||||||||||||||||
issuance of common stock | |||||||||||||||||||
expenses incurred in stock issuance | |||||||||||||||||||
purchase of held to maturity securities | |||||||||||||||||||
purchases of bank owned life insurance | |||||||||||||||||||
increase in securities sold under agreements to repurchase |