FIRST MID BANCSHARES INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
FMBH$51.50+1.8%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
December 31, 2024 and 2023
| (In thousands, except share data) | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Cash and due from banks: | ||
| Non-interest bearing | $92,112 | $122,871 |
| Interest bearing | 29,029 | 11,211 |
| Federal funds sold | 75 | 8,982 |
| Cash and cash equivalents | 121,216 | 143,064 |
| Certificates of deposit investments | 3,500 | 1,470 |
| Investment securities: | ||
| Available-for-sale, at fair value (amortized cost of $1,257,436 and $1,363,721 at December 31, 2024 and 2023, respectively) | 1,063,292 | 1,171,572 |
| Held-to-maturity, at amortized cost (estimated fair value of $2,279 and $2,286 at December 31, 2024 and 2023, respectively) | 2,279 | 2,286 |
| Equity securities, at fair value | 4,439 | 4,074 |
| Loans held for sale, at fair value | 6,614 | 4,980 |
| Loans | 5,665,848 | 5,575,585 |
| Less allowance for credit losses | (70,182) | (68,675) |
| Net loans | 5,595,666 | 5,506,910 |
| Interest receivable | 38,639 | 35,082 |
| Other real estate owned, net | 2,179 | 1,163 |
| Premises and equipment, net | 100,234 | 101,396 |
| Goodwill, net | 203,391 | 196,461 |
| Intangible assets, net | 58,515 | 67,770 |
| Bank owned life insurance | 170,854 | 166,125 |
| Right of use asset | 13,861 | 14,306 |
| Deferred tax asset, net | 59,586 | 70,067 |
| Other assets | 75,469 | 100,068 |
| Total assets | $7,519,734 | $7,586,794 |
| Liabilities and stockholders’ equity | ||
| Deposits: | ||
| Non-interest bearing | $1,329,155 | $1,398,234 |
| Interest bearing | 4,727,941 | 4,725,425 |
| Total deposits | 6,057,096 | 6,123,659 |
| Repurchase agreements with customers | 204,122 | 213,721 |
| Interest payable | 5,280 | 5,437 |
| FHLB borrowings | 242,520 | 263,787 |
| Junior subordinated debentures, net | 24,280 | 24,058 |
| Subordinated debt, net | 87,472 | 106,755 |
| Lease liability | 14,190 | 14,615 |
| Other liabilities | 38,383 | 41,558 |
| Total liabilities | 6,673,343 | 6,793,590 |
| Stockholders’ equity: | ||
| Common stock, $4 par value; authorized 30,000,000 shares; issued 24,564,356 and 24,479,708 shares in 2024 and 2023, respectively; outstanding 23,895,807 and 23,827,137 shares in 2024 and 2023, respectively | 100,258 | 99,919 |
| Additional paid-in capital | 512,810 | 509,314 |
| Retained earnings | 395,189 | 338,662 |
| Deferred compensation | 2,756 | 2,629 |
| Accumulated other comprehensive loss | (142,383) | (136,427) |
| Treasury stock at cost, 668,549 and 652,571 shares in 2024 and 2023, respectively | (22,239) | (20,893) |
| Total stockholders’ equity | 846,391 | 793,204 |
| Total liabilities and stockholders’ equity | $7,519,734 | $7,586,794 |
Consolidated Stat
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