2022 Q1 Form 10-Q Financial Statement

#000146602622000007 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.300M $1.400M
YoY Change -7.14% -17.65%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $5.921M $8.635M
YoY Change -31.43% -41.11%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $27.39M $24.04M
YoY Change 13.93% 1099.0%
Income Tax $6.640M $5.502M
% Of Pretax Income 24.24% 22.89%
Net Earnings $20.75M $18.54M
YoY Change 11.93% 1096.77%
Net Earnings / Revenue
Basic Earnings Per Share $0.92 $0.81
Diluted Earnings Per Share $0.92 $0.81
COMMON SHARES
Basic Shares Outstanding 22.27M shares 22.52M shares
Diluted Shares Outstanding 22.35M shares 22.58M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.181B $1.312B
YoY Change -9.97% 18.68%
Cash & Equivalents $332.3M $631.2M
Short-Term Investments $849.1M $681.0M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $69.75M $73.26M
YoY Change -4.79% -18.71%
Goodwill $161.9M $161.9M
YoY Change 0.0% -6.3%
Intangibles $22.98M $26.87M
YoY Change -14.48% -18.89%
Long-Term Investments $36.45M $53.10M
YoY Change -31.35% 15.18%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $7.339B $6.885B
YoY Change 6.59% 10.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $10.26M $11.20M
YoY Change -8.41% -25.33%
Deferred Revenue
YoY Change
Short-Term Debt $60.35M $71.73M
YoY Change -15.86% 64.6%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.26M $11.20M
YoY Change -8.41% -49.32%
LONG-TERM LIABILITIES
Long-Term Debt $188.7M $218.8M
YoY Change -13.75% 0.41%
Other Long-Term Liabilities $66.70M $77.80M
YoY Change -14.27% 95.48%
Total Long-Term Liabilities $255.4M $296.6M
YoY Change -13.89% 15.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.26M $11.20M
Total Long-Term Liabilities $255.4M $296.6M
Total Liabilities $6.694B $6.249B
YoY Change 7.11% 12.05%
SHAREHOLDERS EQUITY
Retained Earnings $226.8M $168.6M
YoY Change 34.52% 9.66%
Common Stock $220.0K $224.0K
YoY Change -1.79% -4.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $645.0M $635.5M
YoY Change
Total Liabilities & Shareholders Equity $7.339B $6.885B
YoY Change 6.59% 10.9%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $20.75M $18.54M
YoY Change 11.93% 1096.77%
Depreciation, Depletion And Amortization $1.300M $1.400M
YoY Change -7.14% -17.65%
Cash From Operating Activities $39.08M $158.4M
YoY Change -75.33% 190.05%
INVESTING ACTIVITIES
Capital Expenditures $414.0K $574.0K
YoY Change -27.87% -24.97%
Acquisitions
YoY Change
Other Investing Activities -$310.4M $145.5M
YoY Change -313.3% -209.65%
Cash From Investing Activities -$310.8M $144.9M
YoY Change -314.5% -208.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.109M $1.208M
YoY Change -8.2% -94.13%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$76.42M -$13.68M
YoY Change 458.59% -110.23%
NET CHANGE
Cash From Operating Activities $39.08M $158.4M
Cash From Investing Activities -$310.8M $144.9M
Cash From Financing Activities -$76.42M -$13.68M
Net Change In Cash -$348.1M $289.6M
YoY Change -220.21% 427.55%
FREE CASH FLOW
Cash From Operating Activities $39.08M $158.4M
Capital Expenditures $414.0K $574.0K
Free Cash Flow $38.66M $157.8M
YoY Change -75.5% 193.1%

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CY2021Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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CY2022Q1 msbi Other Comprehensive Income Loss Provision For Credit Loss
OtherComprehensiveIncomeLossProvisionForCreditLoss
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CY2021Q1 msbi Other Comprehensive Income Loss Provision For Credit Loss
OtherComprehensiveIncomeLossProvisionForCreditLoss
150000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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-14024000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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5105000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent
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8262000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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0 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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314000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
1404000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
2186000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
3701000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
5762000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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984000 USD
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
19522000 USD
CY2021Q4 us-gaap Stockholders Equity
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CY2022Q1 us-gaap Net Income Loss
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20749000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.29
CY2022Q1 msbi Dividends Common Stock And Share Based Compensation
DividendsCommonStockAndShareBasedCompensation
6464000 USD
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1109000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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527000 USD
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718000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
644986000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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18538000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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984000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
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0.28
CY2021Q1 msbi Dividends Common Stock And Share Based Compensation
DividendsCommonStockAndShareBasedCompensation
6301000 USD
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1208000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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502000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
1561000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
635467000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
20749000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
18538000 USD
CY2022Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
4167000 USD
CY2021Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
3565000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
1255000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
1436000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1398000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1515000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
439000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
407000 USD
CY2022Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
771000 USD
CY2021Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
858000 USD
CY2022Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
527000 USD
CY2021Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
502000 USD
CY2022Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
831000 USD
CY2021Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
860000 USD
CY2022Q1 msbi Gain Loss On Proceeds From Life Insurance
GainLossOnProceedsFromLifeInsurance
188000 USD
CY2021Q1 msbi Gain Loss On Proceeds From Life Insurance
GainLossOnProceedsFromLifeInsurance
0 USD
CY2022Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-852000 USD
CY2021Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1067000 USD
CY2022Q1 msbi Gains Losses On Sales Of Other Real Estate Excluding Write Downs
GainsLossesOnSalesOfOtherRealEstateExcludingWriteDowns
42000 USD
CY2021Q1 msbi Gains Losses On Sales Of Other Real Estate Excluding Write Downs
GainsLossesOnSalesOfOtherRealEstateExcludingWriteDowns
-9000 USD
CY2022Q1 msbi Write Down Of Other Real Estate Owned
WriteDownOfOtherRealEstateOwned
337000 USD
CY2021Q1 msbi Write Down Of Other Real Estate Owned
WriteDownOfOtherRealEstateOwned
104000 USD
CY2022Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
79601000 USD
CY2021Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
199721000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
103133000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
332685000 USD
CY2022Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
484000 USD
CY2021Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1234000 USD
CY2022Q1 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
394000 USD
CY2021Q1 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
1275000 USD
CY2022Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
361000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1134000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
14228000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
6986000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
790000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
6349000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39077000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
158375000 USD
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
15873000 USD
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
56983000 USD
CY2022Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
21773000 USD
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
56870000 USD
CY2022Q1 msbi Equity Securities Fvni Purchases
EquitySecuritiesFvniPurchases
312000 USD
CY2021Q1 msbi Equity Securities Fvni Purchases
EquitySecuritiesFvniPurchases
154000 USD
CY2022Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
317486000 USD
CY2021Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
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CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
414000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
574000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
75000 USD
CY2022Q1 msbi Payments To Acquire Nonmarketable Equity Securities
PaymentsToAcquireNonmarketableEquitySecurities
109000 USD
CY2021Q1 msbi Payments To Acquire Nonmarketable Equity Securities
PaymentsToAcquireNonmarketableEquitySecurities
0 USD
CY2022Q1 msbi Proceeds From Sale Of Nonmarketable Equity Securities
ProceedsFromSaleOfNonmarketableEquitySecurities
0 USD
CY2021Q1 msbi Proceeds From Sale Of Nonmarketable Equity Securities
ProceedsFromSaleOfNonmarketableEquitySecurities
3500000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
315000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
131000 USD
CY2022Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1337000 USD
CY2021Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
144884000 USD
CY2022Q1 us-gaap Increase Decrease In Deposits
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CY2021Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
239497000 USD
CY2022Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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CY2021Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
2771000 USD
CY2022Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
50000000 USD
CY2021Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
250000000 USD
CY2022Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
50000000 USD
CY2021Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
500008000 USD
CY2022Q1 msbi Federal Home Loan Bank Advances Prepayment Fees
FederalHomeLoanBankAdvancesPrepaymentFees
0 USD
CY2021Q1 msbi Federal Home Loan Bank Advances Prepayment Fees
FederalHomeLoanBankAdvancesPrepaymentFees
8000 USD
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6464000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6301000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
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1109000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2022Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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718000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1561000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-348107000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
289579000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
680371000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
341640000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
332264000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
631219000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
6591000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
9436000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1912000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1650000 USD
CY2022Q1 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
0 USD
CY2021Q1 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
48494000 USD
CY2022Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
88000 USD
CY2021Q1 us-gaap Transfer To Other Real Estate
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306000 USD
CY2022Q1 msbi Pending Settlements On Securities Sold Purchased Net
PendingSettlementsOnSecuritiesSoldPurchasedNet
0 USD
CY2021Q1 msbi Pending Settlements On Securities Sold Purchased Net
PendingSettlementsOnSecuritiesSoldPurchasedNet
-11663000 USD
CY2022Q1 us-gaap Nature Of Operations
NatureOfOperations
B<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">USINESS</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> D</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">ESCRIPTION</span><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Midland States Bancorp, Inc. (the “Company,” “we,” “our,” or “us”) is a diversified financial holding company headquartered in Effingham, Illinois. Our wholly owned banking subsidiary, Midland States Bank (the “Bank”), has branches across Illinois and in Missouri, and provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management services, and insurance and financial planning services. </span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our principal business activity has been lending to and accepting deposits from individuals, businesses, municipalities and other entities. We have derived income principally from interest charged on loans and, to a lesser extent, from interest and dividends earned on investment securities. We have also derived income from noninterest sources, such as: fees received in connection with various lending and deposit services; wealth management services; commercial Federal Housing Administration ("FHA") mortgage loan servicing; residential mortgage loan originations, sales and servicing; and, from time to time, gains on sales of assets. Our principal expenses include interest expense on deposits and borrowings, operating expenses, such as salaries and employee benefits, occupancy and equipment expenses, data processing costs, professional fees and other noninterest expenses, provisions for credit losses and income tax expense.</span></div>
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
897942000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3657000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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52525000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
849074000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
904695000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
11505000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
9376000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
221000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
906603000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
13864000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
13999000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
143470000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
139722000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis
237281000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
230606000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis
39028000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
36658000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
464299000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
428089000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
897942000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
849074000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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0 USD
CY2021Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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0 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
221000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
-221000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
366000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
150000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
516000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
510847000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
36653000 USD
CY2022Q1 msbi Available For Sale Securities In Unrealized Loss Positions Aggregate Depreciation Percentage
AvailableForSaleSecuritiesInUnrealizedLossPositionsAggregateDepreciationPercentage
0.0753
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
134009000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
15872000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
644856000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
52525000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
451195000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
7977000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
21021000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
932000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
472216000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
8909000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
264 security
CY2022Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
9200000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
9500000 USD
CY2021Q1 msbi Equity Securities Fv Ni Sales
EquitySecuritiesFvNiSales
0 USD
CY2022Q1 msbi Equity Securities Fv Ni Sales
EquitySecuritiesFvNiSales
0 USD
CY2021Q4 us-gaap Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
46100000 USD
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-522000 USD
CY2021Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
81000 USD
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
5539961000 USD
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
5224801000 USD
CY2022Q1 us-gaap Financing Receivable Deferred Income
FinancingReceivableDeferredIncome
5200000 USD
CY2021Q4 us-gaap Financing Receivable Deferred Income
FinancingReceivableDeferredIncome
4600000 USD
CY2022Q1 us-gaap Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
47400000 USD
CY2022Q1 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
8900000 USD
CY2021Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
32000000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
51062000 USD
CY2022Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
4132000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
3002000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
746000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
52938000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
60443000 USD
CY2021Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3950000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2155000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
449000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
62687000 USD
CY2022Q1 msbi Loans And Lease Receivables Probability Of Default Non Accrual Loans Threshold Balance Minimum
LoansAndLeaseReceivablesProbabilityOfDefaultNonAccrualLoansThresholdBalanceMinimum
500000 USD
CY2022Q1 msbi Financing Receivable Nonaccrual With Allowance
FinancingReceivableNonaccrualWithAllowance
19039000 USD
CY2022Q1 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
27647000 USD
CY2022Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
46686000 USD
CY2021Q4 msbi Financing Receivable Nonaccrual With Allowance
FinancingReceivableNonaccrualWithAllowance
19237000 USD
CY2021Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
16326000 USD
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
35563000 USD
CY2022Q1 us-gaap Loans And Leases Receivable Impaired Interest Income Recognized Change In Present Value Attributable To Passage Of Time
LoansAndLeasesReceivableImpairedInterestIncomeRecognizedChangeInPresentValueAttributableToPassageOfTime
0 USD
CY2021Q1 us-gaap Loans And Leases Receivable Impaired Interest Income Recognized Change In Present Value Attributable To Passage Of Time
LoansAndLeasesReceivableImpairedInterestIncomeRecognizedChangeInPresentValueAttributableToPassageOfTime
0 USD
CY2022Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
800000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
700000 USD
CY2022Q1 msbi Loans And Leases Receivable Impaired Troubled Debt Interest Income Recognized
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncomeRecognized
100000 USD
CY2021Q1 msbi Loans And Leases Receivable Impaired Troubled Debt Interest Income Recognized
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncomeRecognized
100000 USD
CY2022Q1 msbi Collateral Dependent Loans
CollateralDependentLoans
32360000 USD
CY2021Q4 msbi Collateral Dependent Loans
CollateralDependentLoans
20813000 USD
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
5539961000 USD
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
5224801000 USD
CY2022Q1 msbi Financing Receivable Modifications Recorded Investment Accruing
FinancingReceivableModificationsRecordedInvestmentAccruing
5385000 USD
CY2022Q1 msbi Financing Receivable Modifications Recorded Investment Nonaccrual
FinancingReceivableModificationsRecordedInvestmentNonaccrual
5755000 USD
CY2022Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
11140000 USD
CY2021Q4 msbi Financing Receivable Modifications Recorded Investment Accruing
FinancingReceivableModificationsRecordedInvestmentAccruing
7012000 USD
CY2021Q4 msbi Financing Receivable Modifications Recorded Investment Nonaccrual
FinancingReceivableModificationsRecordedInvestmentNonaccrual
5749000 USD
CY2021Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
12761000 USD
CY2022Q1 us-gaap Financing Receivable Change In Method Credit Loss Expense Reversal
FinancingReceivableChangeInMethodCreditLossExpenseReversal
700000 USD
CY2021 us-gaap Financing Receivable Change In Method Credit Loss Expense Reversal
FinancingReceivableChangeInMethodCreditLossExpenseReversal
700000 USD
CY2022Q1 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0 USD
CY2021Q4 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0 USD
CY2022Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
10 loan
CY2022Q1 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1015000 USD
CY2022Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
993000 USD
CY2021Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
5 loan
CY2021Q1 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
135000 USD
CY2021Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
127000 USD
CY2022Q1 msbi Number Of Main Regions
NumberOfMainRegions
4 region
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
116884000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
116384000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
47138000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
45592000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
69746000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
70792000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
1300000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
1400000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8100000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8400000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
10300000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10700000 USD
CY2022Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P10Y
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
508000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
523000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
606000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
783000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
121000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
80000 USD
CY2022Q1 msbi Operating Leases Right Of Use Assets Derecognized Due To Terminations Or Impairment
OperatingLeasesRightOfUseAssetsDerecognizedDueToTerminationsOrImpairment
0 USD
CY2021Q1 msbi Operating Leases Right Of Use Assets Derecognized Due To Terminations Or Impairment
OperatingLeasesRightOfUseAssetsDerecognizedDueToTerminationsOrImpairment
122000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y5M4D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y1M28D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0287
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0291
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1643000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2105000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1799000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
894000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
763000 USD
CY2022Q1 msbi Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
4251000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11455000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1197000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
10258000 USD
CY2022Q1 msbi Mortgage Loans Serviced For Others
MortgageLoansServicedForOthers
2908686000 USD
CY2022Q1 msbi Mortgage Loans Serviced For Other Carrying Value
MortgageLoansServicedForOtherCarryingValue
27484000 USD
CY2021Q4 msbi Mortgage Loans Serviced For Others
MortgageLoansServicedForOthers
3003192000 USD
CY2021Q4 msbi Mortgage Loans Serviced For Other Carrying Value
MortgageLoansServicedForOtherCarryingValue
28865000 USD
CY2022Q1 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Prepayment Speed
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValuePrepaymentSpeed
0.0821
CY2021 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Prepayment Speed
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValuePrepaymentSpeed
0.0824
CY2021 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Discount Rate
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueDiscountRate
0.1187
CY2022Q1 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Discount Rate
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueDiscountRate
0.1187
CY2022Q1 us-gaap Goodwill
Goodwill
161904000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
161904000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
72930000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
49954000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
22976000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
72930000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
48556000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
24374000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1400000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000 USD
CY2022Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
100000 USD
CY2021Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-500000 USD
CY2022Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
1965032000 USD
CY2021Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
2245701000 USD
CY2022Q1 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
1779018000 USD
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
1663021000 USD
CY2022Q1 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
964352000 USD
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
869067000 USD
CY2022Q1 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
710955000 USD
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
679115000 USD
CY2022Q1 us-gaap Interest Bearing Domestic Deposit Time Deposits
InterestBearingDomesticDepositTimeDeposits
638182000 USD
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Time Deposits
InterestBearingDomesticDepositTimeDeposits
653744000 USD
CY2022Q1 us-gaap Deposits
Deposits
6057539000 USD
CY2021Q4 us-gaap Deposits
Deposits
6110648000 USD
CY2022Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
60352000 USD
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
76803000 USD
CY2022Q1 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
70043000 USD
CY2021 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
68986000 USD
CY2022Q1 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
76807000 USD
CY2021 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
77497000 USD
CY2022Q1 msbi Short Term Debt Weighted Average Interest Rate During Period
ShortTermDebtWeightedAverageInterestRateDuringPeriod
0.0014
CY2021 msbi Short Term Debt Weighted Average Interest Rate During Period
ShortTermDebtWeightedAverageInterestRateDuringPeriod
0.0012
CY2022Q1 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0015
CY2021Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0013
CY2022Q1 us-gaap Collateralized Agreements
CollateralizedAgreements
65500000 USD
CY2021Q4 us-gaap Collateralized Agreements
CollateralizedAgreements
78300000 USD
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2022Q1 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2022Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
45000000 USD
CY2022Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
310171000 USD
CY2021Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
310171000 USD
CY2022Q1 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
2350000000 USD
CY2021Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
2100000000 USD
CY2022Q1 us-gaap Subordinated Debt
SubordinatedDebt
139184000 USD
CY2021Q4 us-gaap Subordinated Debt
SubordinatedDebt
139091000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
20749000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
18538000 USD
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6389000 USD
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6237000 USD
CY2022Q1 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
75000 USD
CY2021Q1 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
64000 USD
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
163000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
125000 USD
CY2022Q1 msbi Undistributed Earnings To Common Shareholders
UndistributedEarningsToCommonShareholders
14122000 USD
CY2021Q1 msbi Undistributed Earnings To Common Shareholders
UndistributedEarningsToCommonShareholders
12112000 USD
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6389000 USD
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6237000 USD
CY2022Q1 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
14122000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
12112000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20511000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18349000 USD
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6389000 USD
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6237000 USD
CY2022Q1 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
14122000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
12112000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20511000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18349000 USD
CY2022Q1 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 USD
CY2021Q1 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
20511000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
18349000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22274884 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22522983 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
75423 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
55570 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22350307 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22578553 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2022Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
8931000 USD
CY2022Q1 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
169000 USD
CY2022Q1 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
8762000 USD
CY2021Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
32045000 USD
CY2021Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
584000 USD
CY2021Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
31461000 USD
CY2022Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-363000 USD
CY2021Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-427000 USD
CY2022Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
0 USD
CY2021Q1 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 USD
CY2022Q1 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 USD
CY2022Q1 msbi Liability For Unresolved Repurchase Demands
LiabilityForUnresolvedRepurchaseDemands
200000 USD
CY2021Q4 msbi Liability For Unresolved Repurchase Demands
LiabilityForUnresolvedRepurchaseDemands
200000 USD
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
56827000 USD
CY2022Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
4167000 USD
CY2022Q1 us-gaap Noninterest Income
NoninterestIncome
15613000 USD
CY2022Q1 us-gaap Noninterest Expense
NoninterestExpense
40884000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
27389000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6640000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
20749000 USD
CY2022Q1 us-gaap Assets
Assets
7338715000 USD
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
51868000 USD
CY2021Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
3565000 USD
CY2021Q1 us-gaap Noninterest Income
NoninterestIncome
14816000 USD
CY2021Q1 us-gaap Noninterest Expense
NoninterestExpense
39079000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24040000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5502000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
18538000 USD
CY2021Q1 us-gaap Assets
Assets
6884786000 USD

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