MutualFirst Financial Inc. (MFSF) financial statements (2021 and earlier)

Company profile

Business Address 110 E CHARLES STREET
MUNCIE, IN 47305
State of Incorp. MD
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32332727213025
Cash and cash equivalents32332727213025
Total current assets:32332727213025
Noncurrent Assets
Property, plant and equipment25262221313131
Long-term investments and receivables     22
Long-term investments     22
Intangible assets, net (including goodwill)252622332
Goodwill22222222 
Intangible assets, net (excluding goodwill)3400112
Total noncurrent assets:50522323343535
Other undisclosed assets1,9821,9641,5381,5031,4241,3591,331
TOTAL ASSETS:2,0642,0491,5891,5531,4781,4241,391
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,8371,8471,4391,4131,3411,2971,280
Total liabilities:1,8371,8471,4391,4131,3411,2971,280
Stockholders' equity
Stockholders' equity attributable to parent227202150140137128112
Common stock0000000
Additional paid in capital1151187574777573
Accumulated other comprehensive income (loss)8(3)0(1)12(3)
Retained earnings104877567585042
Total stockholders' equity:227202150140137128112
TOTAL LIABILITIES AND EQUITY:2,0642,0491,5891,5531,4781,4241,391

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues8086686460  
Net investment income7469514744  
Financial services revenue17171715  
Cost of revenue(2)(2)(1)(1)(0)(1)(1)
Provision for loan, lease, and other losses(2) 
Amortization of mortgage servicing rights (msrs)      1
Financial services costs(2)(1)(1)(0)(1)(1)
Gross profit:7884676360(1)(1)
Operating expenses(11)(45)(36)(35)(32)(27)(27)
Other operating income, net
(Noninterest Income, Other Operating Income)
2101110
Operating income (loss):6940323028(28)(27)
Nonoperating income1111112
Investment income, nonoperating     01
Losses on sales of other real estate(0)(0)(0)(0)(0)(0)(0)
Bank owned life insurance income1111111
Interest and debt expense(21)(17)(11)(9)(9)(9)(11)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(23)(3)(3)(4)(3)5050
Income from continuing operations before equity method investments, income taxes:26221918171413
Loss from equity method investments     (0)(0)
Income from continuing operations before income taxes:26221918171413
Income tax expense(2)(3)(7)(4)(5)(4)(4)
Net income:2419121312109
Other undisclosed net income attributable to parent     00
Net income attributable to parent:2419121312119
Preferred stock dividends and other adjustments      (1)
Net income available to common stockholders, diluted:2419121312118

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2419121312109
Other comprehensive income (loss)11(3)2(3)(1)6(6)
Comprehensive income:3516141011163
Other undisclosed comprehensive income, net of tax, attributable to parent     00
Comprehensive income, net of tax, attributable to parent:3516141011173

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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