MidWestOne Financial Group, Inc. (MOFG) financial statements (2022 and earlier)

Company profile

Business Address 102 SOUTH CLINTON ST.
IOWA CITY, IA 52240
State of Incorp. IA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2041396313882127111
Cash and cash equivalents2041396313882127111
Receivables012  1 
Total current assets:2041406613882128111
Noncurrent Assets
Finance lease, right-of-use asset0001111
Operating lease, right-of-use asset3333444
Intangible assets, net (including goodwill)828485868889122
Goodwill62626262626294
Intangible assets, net (excluding goodwill)20212224252728
Deferred income tax assets149810477
Total noncurrent assets:100969610096101135
Other undisclosed assets5,7225,6395,5875,4995,3785,1024,986
TOTAL ASSETS:6,0255,8755,7495,7375,5575,3315,231
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt181188212176231184162
Total current liabilities:181188212176231184162
Noncurrent Liabilities
Other undisclosed liabilities5,3165,1585,0075,0504,8114,6484,548
Total liabilities:5,4985,3455,2195,2265,0414,8324,710
Stockholders' equity
Stockholders' equity attributable to parent527530530511515499521
Common stock17171717171717
Treasury stock, value(25)(23)(16)(15)(14)(12)(12)
Additional paid in capital301300300300300300300
Accumulated other comprehensive income (loss)(9)3104252019
Retained earnings243233220206188175198
Total stockholders' equity:527530530511515499521
TOTAL LIABILITIES AND EQUITY:6,0255,8755,7495,7375,5575,3315,231

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues44454444464547
Net investment income44454444454547
Cost of revenue8(1)(2) 3(5)(6)
Provision for loan, lease, and other losses (1)(2) 3(5)(6)
Gross profit:51444244484140
Operating expenses(8)(8)(8)(7)(9)(39)(8)
Other operating income, net
(Noninterest Income, Other Operating Income)
1001101
Operating income:4437343840233
Nonoperating income1000111
Bank owned life insurance income1111111
Profit (loss) from real estate operations(0)(0)(0)(0)0(0)(0)
Interest and debt expense(5)(5)(5)(6)(6)(7)(8)
Income (loss) from continuing operations before equity method investments, income taxes:4032293334(5)26
Other undisclosed loss from continuing operations before income taxes(21)(12)(7)(5)(13)(12)(12)
Income (loss) from continuing operations before income taxes:1921222721(18)14
Income tax expense(5)(5)(5)(6)(4)(2)(3)
Net income (loss) available to common stockholders, diluted:1416172217(20)12

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):1416172217(20)12
Comprehensive income (loss):1416172217(20)12
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(12)(6)6(21)5112
Comprehensive income (loss), net of tax, attributable to parent:21023121(19)23

Statements sources

The financial statements are based on the company's filings with the 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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