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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments204829248504347
Cash and cash equivalents204827345504347
Short-term investments  193   
Receivables0 223 1
Assets held-for-sale, not part of disposal group  5    
Total current assets:2048210051534348
Noncurrent Assets
Finance lease, right-of-use asset011
Operating lease, right-of-use asset344
Property, plant and equipment   76767576
Intangible assets, net (including goodwill)828812475778084
Goodwill62629265656565
Intangible assets, net (excluding goodwill)20253210121519
Deferred income tax assets1444
Total noncurrent assets:10096133150153155160
Other undisclosed assets5,7225,3784,4213,0913,0062,8812,772
TOTAL ASSETS:6,0255,5574,6543,2913,2123,0802,980
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1812311391319711869
Total current liabilities:1812311391319711869
Noncurrent Liabilities
Other undisclosed liabilities5,3164,8114,0052,8032,7752,6562,615
Total liabilities:5,4985,0414,1452,9342,8722,7742,684
Stockholders' equity
Stockholders' equity attributable to parent527515509357340305296
Common stock17171712121212
Treasury stock, value(25)(14)(10)(6)(5)(6)(6)
Additional paid in capital301300297188187164163
Accumulated other comprehensive income (loss)(9)254(6)(3)(1)3
Retained earnings243188201169148137124
Total stockholders' equity:527515509357340305296
TOTAL LIABILITIES AND EQUITY:6,0255,5574,6543,2913,2123,0802,980

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues177185183129125119106
Net investment income177185182129119112100
Cost of revenue (28)(7)(7)(17)(8)(5)
Provision for loan, lease, and other losses (28)(7)(7)
Financial services costs(17)(8)(5)
Gross profit:177157176122108111101
Operating expenses(30)(65)(33)(23)(70)(76)(63)
Other operating income, net
(Noninterest Income, Other Operating Income)
244    
Operating income:1499714799383638
Nonoperating income2212222
Investment income, nonoperating    001
Bank owned life insurance income2222111
Loss from real estate operations(0)(0)(1)    
Interest and debt expense(20)(32)(39)(23)(15)(13)(11)
Income from continuing operations before equity method investments, income taxes:1306711078252529
Other undisclosed income (loss) from continuing operations before income taxes(41)(54)(59)(40)533
Income from continuing operations before income taxes:89135038292733
Income tax expense(20)(7)(7)(8)(10)(7)(8)
Net income available to common stockholders, diluted:6974430192025

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:6974430192025
Comprehensive income:6974430192025
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(33)2010(3)(1)(5)(2)
Comprehensive income, net of tax, attributable to parent:36275427181623

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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