FIRST MID BANCSHARES INC
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
FMBH$51.50+1.8%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
December 31, 2023 and 2022
| (In thousands, except share data) | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Cash and due from banks: | ||
| Non-interest bearing | $122,871 | $138,412 |
| Interest bearing | 11,211 | 6,394 |
| Federal funds sold | 8,982 | 7,627 |
| Cash and cash equivalents | 143,064 | 152,433 |
| Certificates of deposit investments | 1,470 | 1,470 |
| Investment securities: | ||
| Available-for-sale, at fair value (amortized cost of $1,363,721 and $1,432,372 at December 31, 2023 and 2022, respectively) | 1,171,572 | 1,218,985 |
| Held-to-maturity, at amortized cost (estimated fair value of $2,286 and $2,954 at December 31, 2023 and 2022, respectively) | 2,286 | 2,954 |
| Equity securities, at fair value | 4,074 | 311 |
| Loans held for sale | 4,980 | 338 |
| Loans | 5,575,585 | 4,825,874 |
| Less allowance for credit losses | (68,675) | (59,093) |
| Net loans | 5,506,910 | 4,766,781 |
| Interest receivable | 35,082 | 28,357 |
| Other real estate owned, net | 1,163 | 4,261 |
| Premises and equipment, net | 101,396 | 90,473 |
| Goodwill, net | 196,461 | 140,412 |
| Intangible assets, net | 67,770 | 29,485 |
| Bank owned life insurance | 166,125 | 151,756 |
| Right of use asset | 14,306 | 15,774 |
| Deferred tax asset, net | 70,067 | 72,254 |
| Other assets | 100,068 | 68,171 |
| Total assets | $7,586,794 | $6,744,215 |
| Liabilities and stockholders’ equity | ||
| Deposits: | ||
| Non-interest bearing | $1,398,234 | $1,256,514 |
| Interest bearing | 4,725,425 | 4,000,487 |
| Total deposits | 6,123,659 | 5,257,001 |
| Repurchase agreements with customers | 213,721 | 221,414 |
| Interest payable | 5,437 | 3,346 |
| FHLB borrowings | 263,787 | 465,071 |
| Junior subordinated debentures, net | 24,058 | 19,364 |
| Subordinated debt, net | 106,755 | 94,553 |
| Lease liability | 14,615 | 16,035 |
| Other liabilities | 41,558 | 34,276 |
| Total liabilities | 6,793,590 | 6,111,060 |
| Stockholders’ equity: | ||
| Common stock, $4 par value; authorized 30,000,000 shares; issued 24,479,708 and 21,091,466 shares in 2023 and 2022, respectively; outstanding 23,827,137 and 20,452,376 shares in 2023 and 2022, respectively | 99,919 | 86,366 |
| Additional paid-in capital | 509,314 | 427,001 |
| Retained earnings | 338,662 | 289,284 |
| Deferred compensation | 2,629 | 2,064 |
| Accumulated other comprehensive loss | (136,427) | (151,507) |
| Less treasury stock at cost, 652,571 and 639,090 shares in 2023 and 2022, respectively | (20,893) | (20,053) |
| Total stockholders’ equity | 793,204 | 633,155 |
| Total liabilities and stockholders’ equity | $7,586,794 | $6,744,215 |
Consolidated Stat
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