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)

12/31/2019
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 investments924850434723 
Cash and cash equivalents734550434723 
Short-term investments193     
Receivables223 1  
Disposal group, including discontinued operation     1 
Assets held-for-sale, not part of disposal group5    
Other current assets     22
Total current assets:10051534348262
Noncurrent Assets
Finance lease, right-of-use asset1
Operating lease, right-of-use asset4
Property, plant and equipment 767675763828
Intangible assets, net (including goodwill)1247577808489
Goodwill9265656565  
Intangible assets, net (excluding goodwill)321012151989
Deferred income tax assets4
Total noncurrent assets:1331501531551604636
Other undisclosed assets4,4213,0913,0062,8812,7721,7281,717
TOTAL ASSETS:4,6543,2913,2123,0802,9801,8001,755
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt139131971186981 
Total current liabilities:139131971186981 
Noncurrent Liabilities
Other undisclosed liabilities4,0052,8032,7752,6562,6151,5271,577
Total liabilities:4,1452,9342,8722,7742,6841,6081,577
Stockholders' equity
Stockholders' equity attributable to parent509357340305296193178
Common stock171212121299
Treasury stock, value(10)(6)(5)(6)(6)(7)(4)
Additional paid in capital2971881871641638181
Accumulated other comprehensive income (loss)4(6)(3)(1)351
Retained earnings20116914813712410591
Total stockholders' equity:509357340305296193178
TOTAL LIABILITIES AND EQUITY:4,6543,2913,2123,0802,9801,8001,755

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
Revenues18312912511910667 
Net investment income18212911911210063 
Cost of revenue(7)(7)(17)(8)(5)(1)(1)
Provision for loan, lease, and other losses(7)(7)
Financial services costs(17)(8)(5)(1)(1)
Gross profit:17612210811110166(1)
Operating expenses(33)(23)(70)(76)(63)(37)(25)
Other operating income, net
(Noninterest Income, Other Operating Income)
4      
Operating income (loss):1479938363829(27)
Nonoperating income1222211
Investment income, nonoperating  001  
Bank owned life insurance income2211111
Loss from real estate operations(1)      
Interest and debt expense(39)(23)(15)(13)(11)(10)(12)
Other undisclosed income from continuing operations before equity method investments, income taxes     563
Income from continuing operations before equity method investments, income taxes:110782525292625
Other undisclosed income (loss) from continuing operations before income taxes(59)(40)533  
Income from continuing operations before income taxes:50382927332625
Income tax expense(7)(8)(10)(7)(8)(7)(7)
Net income available to common stockholders, diluted:44301920251919

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:44301920251919
Other comprehensive income (loss)     4(10)
Comprehensive income:4430192025239
Other undisclosed comprehensive income (loss), net of tax, attributable to parent10(3)(1)(5)(2)  
Comprehensive income, net of tax, attributable to parent:5427181623239

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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