MutualFirst Financial Inc. (MFSF) Financial Statements (2024 and earlier)

Company Profile

Business Address 110 E CHARLES STREET
MUNCIE, IN 47305
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31,31532,94431,35033,41431,87233,005
Cash and cash equivalents31,31532,94431,35033,41431,87233,005
Total current assets:31,31532,94431,35033,41431,87233,005
Noncurrent Assets
Property, plant and equipment24,51824,96925,18825,64125,62825,984
Intangible assets, net (including goodwill)25,27925,46625,66625,87926,29726,613
Goodwill22,31022,31022,31022,31022,47922,479
Intangible assets, net (excluding goodwill)2,9693,1563,3563,5693,8184,134
Total noncurrent assets:49,79750,43550,85451,52051,92552,597
Other undisclosed assets1,992,4382,007,5401,981,9371,964,3791,937,3741,925,750
TOTAL ASSETS:2,073,5502,090,9192,064,1412,049,3132,021,1712,011,352
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,851,5721,874,0611,852,9571,846,9501,827,4611,818,664
Total liabilities:1,851,5721,874,0611,852,9571,846,9501,827,4611,818,664
Equity
Equity, attributable to parent221,978216,858211,184202,363193,710192,688
Common stock858686868686
Additional paid in capital113,879115,741118,052117,883117,751117,751
Accumulated other comprehensive income (loss)9,0126,4642,515(2,624)(7,575)(4,741)
Retained earnings99,00294,56790,53187,01883,44879,592
Total equity:221,978216,858211,184202,363193,710192,688
TOTAL LIABILITIES AND EQUITY:2,073,5502,090,9192,064,1412,049,3132,021,1712,011,352

Income Statement (P&L) ($ in thousands)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues20,61119,95122,98523,27422,49322,124
Net investment income18,83318,61018,35818,57217,96017,801
Financial services revenue4,6274,7024,5334,323
Cost of revenue(425)(475)(475)(600)(570)(500)
Provision for loan, lease, and other losses(425)(475)    
Financial services costs(475)(600)(570)(500)
Gross profit:20,18619,47622,51022,67421,92321,624
Operating expenses(2,652)(2,652)(11,324)(12,510)(10,817)(11,285)
Other operating income, net
(Noninterest Income, Other Operating Income)
236183185289170148
Operating income:17,77017,00711,37110,45311,27610,487
Nonoperating income3402962731,2302311
Gains (losses) on sales of other real estate28(29)(29)(9)2311
Bank owned life insurance income3123253021,239  
Interest and debt expense(5,372)(5,474)(5,260)(4,996)(4,419)(4,013)
Other undisclosed loss from continuing operations before equity method investments, income taxes(5,552)(5,200)(291)(515)(568)(1,736)
Income from continuing operations before income taxes:7,1866,6296,0936,1726,3124,749
Income tax expense (benefit)(1,052)(878)(855)(881)(910)(584)
Income from continuing operations:6,1345,7515,2385,2915,4024,165
Income before gain (loss) on sale of properties:6,1345,7515,2385,2915,4024,165
Net income available to common stockholders, diluted:6,1345,7515,2385,2915,4024,165

Comprehensive Income ($ in thousands)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:6,1345,7515,2385,2915,4024,165
Other comprehensive income (loss)2,5483,9495,1394,951(2,834)(1,116)
Comprehensive income, net of tax, attributable to parent:8,6829,70010,37710,2422,5683,049

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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