MidWestOne Financial Group, Inc. (MOFG) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments821271111199289123
Cash and cash equivalents821271111197386121
Short-term investments    1933
Receivables 1  21 
Assets held-for-sale, not part of disposal group    584
Total current assets:8212811111910098128
Noncurrent Assets
Finance lease, right-of-use asset111111 
Operating lease, right-of-use asset444444 
Property, plant and equipment   90 9193
Intangible assets, net (including goodwill)8889122124124127130
Goodwill62629494929393
Intangible assets, net (excluding goodwill)25272830323437
Deferred income tax assets477944 
Total noncurrent assets:96101135227133227223
Other undisclosed assets5,3785,1024,9864,4184,4214,3244,311
TOTAL ASSETS:5,5575,3315,2314,7644,6544,6484,662
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt231184162129139155154
Total current liabilities:231184162129139155154
Noncurrent Liabilities
Other undisclosed liabilities4,8114,6484,5484,1344,0053,9954,020
Total liabilities:5,0414,8324,7104,2634,1454,1504,174
Stockholders' equity
Stockholders' equity attributable to parent515499521501509498488
Common stock17171717171717
Treasury stock, value(14)(12)(12)(13)(10)(10)(9)
Additional paid in capital300300300299297297297
Accumulated other comprehensive income2520197432
Retained earnings188175198190201191182
Total stockholders' equity:515499521501509498488
TOTAL LIABILITIES AND EQUITY:5,5575,3315,2314,7644,6544,6484,662

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues46454747505445
Net investment income45454747505445
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
3(5)(6)(19)(1)(4)(1)
Gross profit:48414028495045
Operating expenses(9)(39)(8)(9)(9)(10)(9)
Other operating income, net
(Noninterest Income, Other Operating Income)
1013102
Operating income:4023322414038
Nonoperating income1110000
Bank owned life insurance income1111110
Profit (loss) from real estate operations0(0)(0)(0)(0)(0)(0)
Interest and debt expense(6)(7)(8)(10)(10)(11)(10)
Income (loss) from continuing operations before equity method investments, income taxes:34(5)2612313028
Other undisclosed loss from continuing operations before income taxes(13)(12)(12)(17)(20)(14)(14)
Income (loss) from continuing operations before income taxes:21(18)14(4)121614
Income tax expense (benefit)(4)(2)(3)22(3)(3)
Net income (loss) available to common stockholders, diluted:17(20)12(2)131211

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):17(20)12(2)131211
Comprehensive income (loss):17(20)12(2)131211
Other undisclosed comprehensive income, net of tax, attributable to parent51123114
Comprehensive income (loss), net of tax, attributable to parent:21(19)231151415

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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