Midland States Bancorp Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
MSBI$32.44+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at and
CONSOLIDATED BALANCE SHEETS
| September 30,2024 | December 31,2023 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Cash and due from banks | $121,220 | $134,212 |
| Federal funds sold | 653 | 849 |
| Cash and cash equivalents | 121,873 | 135,061 |
| Investment securities available for sale, at fair value | 1,212,090 | 915,895 |
| Equity securities, at fair value | 4,705 | 4,501 |
| Loans | 5,748,819 | 6,131,079 |
| Allowance for credit losses on loans | (85,804) | (68,502) |
| Total loans, net | 5,663,015 | 6,062,577 |
| Loans held for sale | 8,001 | 3,811 |
| Premises and equipment, net | 84,672 | 82,814 |
| Other real estate owned | 8,646 | 9,112 |
| Nonmarketable equity securities | 41,170 | 43,421 |
| Accrued interest receivable | 27,099 | 24,934 |
| Loan servicing rights, at lower of cost or fair value | 18,400 | 20,253 |
| Goodwill | 161,904 | 161,904 |
| Other intangible assets, net | 13,052 | 16,108 |
| Company-owned life insurance | 209,193 | 203,485 |
| Other assets | 177,663 | 182,992 |
| Total assets | $7,751,483 | $7,866,868 |
| Liabilities and Shareholders’ Equity | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing demand deposits | $1,050,617 | $1,145,395 |
| Interest-bearing deposits | 5,206,219 | 5,164,134 |
| Total deposits | 6,256,836 | 6,309,529 |
| Short-term borrowings | 13,849 | 34,865 |
| Federal Home Loan Bank advances and other borrowings | 425,000 | 476,000 |
| Subordinated debt | 82,744 | 93,546 |
| Trust preferred debentures | 51,058 | 50,616 |
| Accrued interest payable and other liabilities | 103,737 | 110,459 |
| Total liabilities | 6,933,224 | 7,075,015 |
| Shareholders’ Equity: | ||
| Preferred stock, $2.00 par value; 4,000,000 shares authorized; 115,000 Series A shares, $1,000 per share liquidation preference, issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 110,548 | 110,548 |
| Common stock, $0.01 par value; 40,000,000 shares authorized; 21,393,905 and 21,551,402 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 214 | 216 |
| Capital surplus | 433,615 | 435,463 |
| Retained earnings | 334,522 | 322,379 |
| Accumulated other comprehensive loss, net of tax | (60,640) | (76,753) |
| Total shareholders’ equity | 818,259 | 791,853 |
| Total liabilities and shareholders’ equity | $7,751,483 | $7,866,868 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.