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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments82924850434723
Cash and cash equivalents82734550434723
Short-term investments 193    
Receivables 223 1 
Disposal group, including discontinued operation      1
Assets held-for-sale, not part of disposal group 5    
Other current assets      2
Total current assets:821005153434826
Noncurrent Assets
Finance lease, right-of-use asset11
Operating lease, right-of-use asset44
Property, plant and equipment  7676757638
Intangible assets, net (including goodwill)88124757780848
Goodwill629265656565 
Intangible assets, net (excluding goodwill)2532101215198
Deferred income tax assets44
Total noncurrent assets:9613315015315516046
Other undisclosed assets5,3784,4213,0913,0062,8812,7721,728
TOTAL ASSETS:5,5574,6543,2913,2123,0802,9801,800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt231139131971186981
Total current liabilities:231139131971186981
Noncurrent Liabilities
Other undisclosed liabilities4,8114,0052,8032,7752,6562,6151,527
Total liabilities:5,0414,1452,9342,8722,7742,6841,608
Stockholders' equity
Stockholders' equity attributable to parent515509357340305296193
Common stock1717121212129
Treasury stock, value(14)(10)(6)(5)(6)(6)(7)
Additional paid in capital30029718818716416381
Accumulated other comprehensive income (loss)254(6)(3)(1)35
Retained earnings188201169148137124105
Total stockholders' equity:515509357340305296193
TOTAL LIABILITIES AND EQUITY:5,5574,6543,2913,2123,0802,9801,800

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues18518312912511910667
Net investment income18518212911911210063
Cost of revenue(28)(7)(7)(17)(8)(5)(1)
Provision for loan, lease, and other losses(28)(7)(7)
Financial services costs(17)(8)(5)(1)
Gross profit:15717612210811110166
Operating expenses(65)(33)(23)(70)(76)(63)(37)
Other operating income, net
(Noninterest Income, Other Operating Income)
44     
Operating income:971479938363829
Nonoperating income2122221
Investment income, nonoperating   001 
Bank owned life insurance income2221111
Loss from real estate operations(0)(1)     
Interest and debt expense(32)(39)(23)(15)(13)(11)(10)
Other undisclosed income from continuing operations before equity method investments, income taxes      5
Income from continuing operations before equity method investments, income taxes:671107825252926
Other undisclosed income (loss) from continuing operations before income taxes(54)(59)(40)533 
Income from continuing operations before income taxes:13503829273326
Income tax expense(7)(7)(8)(10)(7)(8)(7)
Net income available to common stockholders, diluted:7443019202519

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:7443019202519
Other comprehensive income      4
Comprehensive income:7443019202523
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2010(3)(1)(5)(2) 
Comprehensive income, net of tax, attributable to parent:27542718162323

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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