Mainsource Financial Group (MSFG) Financial Statements (2024 and earlier)

Company Profile

Business Address 201 N BROADWAY
GREENSBURG, IN 47240
State of Incorp. IN
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)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments86,55267,57862,48561,32065,650
Cash and cash equivalents86,55267,57862,48561,32065,650
Disposal group, including discontinued operation  7,5338,282  
Total current assets:86,55275,11170,76761,32065,650
Noncurrent Assets
Property, plant and equipment76,42662,97360,52755,95754,101
Intangible assets, net (including goodwill)108,73480,61578,54670,02570,940
Goodwill101,31575,95373,45064,90063,947
Intangible assets, net (excluding goodwill)7,4194,6625,0965,1256,993
Total noncurrent assets:185,160143,588139,073125,982125,041
Other undisclosed assets3,808,5453,166,7092,912,6762,672,5622,578,597
TOTAL ASSETS:4,080,2573,385,4083,122,5162,859,8642,769,288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt268,01128,36373,181  
Total current liabilities:268,01128,36373,181  
Noncurrent Liabilities
Other undisclosed liabilities3,362,7522,975,6852,688,6732,554,3382,445,537
Total liabilities:3,630,7633,004,0482,761,8542,554,3382,445,537
Equity
Equity, attributable to parent449,494381,360360,662305,526323,751
Preferred stock     14,918
Common stock12,46311,20111,15910,50810,450
Treasury stock, value(10,909)(11,812)(8,701)(8,495)(9,043)
Additional paid in capital299,116247,629246,635224,793224,096
Accumulated other comprehensive income3,07912,62413,7131,13425,728
Retained earnings145,745121,71897,85677,58657,602
Total equity:449,494381,360360,662305,526323,751
TOTAL LIABILITIES AND EQUITY:4,080,2573,385,4083,122,5162,859,8642,769,288

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues165,753143,624140,138  
Net investment income128,327111,110102,815  
Financial services revenue37,42632,51437,323  
Cost of revenue(3,215)(1,625)(2,504)(4,534)(9,850)
Amortization of mortgage servicing rights (msrs)(1,510) (1,004)1,4721,964
Financial services costs(1,705)(1,625)(1,500)(4,534)(9,850)
Gross profit:162,538141,999137,634(4,534)(9,850)
Operating expenses(88,186)(74,568)(80,514)(66,928)(63,517)
Other operating income, net
(Noninterest Income, Other Operating Income)
3,6294,0022,3642,4172,745
Operating income (loss):77,98171,43359,484(69,045)(70,622)
Nonoperating income1,7811,3041,1448923
Investment income, nonoperating   24 (500)
Gains (losses) on sales of other real estate26868(153)(539)(1,359)
Bank owned life insurance income1,5131,2361,2981,3781,206
Mortgage servicing rights (msr) impairment (recovery)  (25)(750)676
Interest and debt expense(10,726)(8,385)(8,607)(9,979)(14,686)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (18,576)(18,577)(15,246)110,599118,570
Income from continuing operations before equity method investments, income taxes:50,46045,77536,77531,66433,285
Other undisclosed loss from continuing operations before income taxes     
Income from continuing operations before income taxes:50,46045,77536,77531,66433,285
Income tax expense(12,137)(10,233)(7,779)(5,319)(6,027)
Income from continuing operations:38,32335,54228,99626,34527,258
Income before gain (loss) on sale of properties:38,32335,54228,99626,34527,258
Net income attributable to parent:38,32335,54228,99626,34527,258
Preferred stock dividends and other adjustments    (504)(2,110)
Other undisclosed net income (loss) available to common stockholders, basic    (148)1,357
Net income available to common stockholders, diluted:38,32335,54228,99625,69326,505

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:38,32335,54228,99626,34527,258
Comprehensive income:38,32335,54228,99626,34527,258
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(9,545)(1,089)12,579(24,594)2,836
Comprehensive income, net of tax, attributable to parent:28,77834,45341,5751,75130,094

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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