2023 Q3 Form 10-Q Financial Statement

#000146602623000024 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
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 $1.100M $1.200M
YoY Change -8.33% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $44.99M $41.65M
YoY Change 189.65% 427.09%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $29.58M $28.82M
YoY Change 0.66% -1.19%
Income Tax $11.53M $7.245M
% Of Pretax Income 39.0% 25.14%
Net Earnings $18.04M $21.58M
YoY Change -23.29% -1.41%
Net Earnings / Revenue
Basic Earnings Per Share $0.71 $0.86
Diluted Earnings Per Share $0.71 $0.86
COMMON SHARES
Basic Shares Outstanding 21.80M shares 22.03M shares
Diluted Shares Outstanding 21.98M shares 22.21M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $967.1M $1.043B
YoY Change -2.81% 1.24%
Cash & Equivalents $132.1M $160.7M
Short-Term Investments $835.0M $882.7M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $82.74M $81.01M
YoY Change 6.74% 4.3%
Goodwill $161.9M $161.9M
YoY Change 0.0% 0.0%
Intangibles $17.24M $18.37M
YoY Change -22.34% -22.04%
Long-Term Investments $45.20M $46.88M
YoY Change 13.87% 31.3%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $7.976B $8.035B
YoY Change 1.97% 8.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $106.7M $90.87M
YoY Change 33.99% 23.55%
Deferred Revenue
YoY Change
Short-Term Debt $18.00M $21.78M
YoY Change -69.24% -67.82%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $124.7M $112.7M
YoY Change 56.59% 53.17%
LONG-TERM LIABILITIES
Long-Term Debt $143.9M $143.7M
YoY Change -23.94% -23.95%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $143.9M $143.7M
YoY Change -23.94% -23.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $124.7M $112.7M
Total Long-Term Liabilities $143.9M $143.7M
Total Liabilities $7.212B $7.258B
YoY Change 1.82% 6.74%
SHAREHOLDERS EQUITY
Retained Earnings $317.1M $307.9M
YoY Change 22.33% 27.14%
Common Stock $216.0K $218.0K
YoY Change -2.26% -1.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $764.3M $776.8M
YoY Change
Total Liabilities & Shareholders Equity $7.976B $8.035B
YoY Change 1.97% 8.05%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $18.04M $21.58M
YoY Change -23.29% -1.41%
Depreciation, Depletion And Amortization $1.100M $1.200M
YoY Change -8.33% 0.0%
Cash From Operating Activities $6.500M $44.75M
YoY Change -87.4% -61.23%
INVESTING ACTIVITIES
Capital Expenditures $2.400M $1.900M
YoY Change -306.9% -469.65%
Acquisitions
YoY Change
Other Investing Activities $44.40M -$85.53M
YoY Change -111.43% -57.27%
Cash From Investing Activities $42.00M -$87.43M
YoY Change -110.78% -56.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -77.10M 65.07M
YoY Change -120.24% 181.29%
NET CHANGE
Cash From Operating Activities 6.500M 44.75M
Cash From Investing Activities 42.00M -87.43M
Cash From Financing Activities -77.10M 65.07M
Net Change In Cash -28.60M 22.39M
YoY Change -166.4% -136.02%
FREE CASH FLOW
Cash From Operating Activities $6.500M $44.75M
Capital Expenditures $2.400M $1.900M
Free Cash Flow $4.100M $42.85M
YoY Change -92.23% -63.04%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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BUSINESS DESCRIPTION<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>
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0 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
716000 usd
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
338000 usd
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
716000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
-869000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
-817000 usd
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
-1855000 usd
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
-817000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
208671000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
103465000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
783717000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
106576000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
8873000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
6423000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
1386000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
241906000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
15132000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
463399000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
90258000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
705305000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
105390000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
320 security
CY2023Q2 msbi Available For Sale Securities In Unrealized Loss Positions Aggregate Depreciation Percentage
AvailableForSaleSecuritiesInUnrealizedLossPositionsAggregateDepreciationPercentage
0.1193
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
6367344000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
6306467000 usd
CY2023Q2 us-gaap Financing Receivable Deferred Income
FinancingReceivableDeferredIncome
5700000 usd
CY2022Q4 us-gaap Financing Receivable Deferred Income
FinancingReceivableDeferredIncome
4400000 usd
CY2023Q2 us-gaap Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
67500000 usd
CY2022Q4 us-gaap Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
62600000 usd
CY2023Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
5600000 usd
CY2022Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
1300000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
62067000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
5879000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
4034000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
1038000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
64950000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
61051000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
9014000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
6433000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
1318000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
64950000 usd
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
52938000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
4741000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
3421000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
640000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
54898000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
51062000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
54898000 usd
CY2023Q2 msbi Loans And Lease Receivables Probability Of Default Non Accrual Loans Threshold Balance Minimum
LoansAndLeaseReceivablesProbabilityOfDefaultNonAccrualLoansThresholdBalanceMinimum
500000 usd
CY2023Q2 msbi Financing Receivable Nonaccrual With Allowance
FinancingReceivableNonaccrualWithAllowance
29443000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual No Allowance
FinancingReceivableExcludingAccruedInterestNonaccrualNoAllowance
24940000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
54383000 usd
CY2022Q4 msbi Financing Receivable Nonaccrual With Allowance
FinancingReceivableNonaccrualWithAllowance
19445000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual No Allowance
FinancingReceivableExcludingAccruedInterestNonaccrualNoAllowance
22531000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
41976000 usd
us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 usd
CY2023Q2 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 usd
CY2022Q2 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 usd
us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 usd
CY2023Q2 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
800000 usd
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
1600000 usd
CY2022Q2 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
500000 usd
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
1300000 usd
CY2023Q2 msbi Collateral Dependent Loans
CollateralDependentLoans
37689000 usd
CY2022Q4 msbi Collateral Dependent Loans
CollateralDependentLoans
27681000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
6367344000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
6306467000 usd
CY2023Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
3 loan
CY2023Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
500000 usd
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
5 loan
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
600000 usd
msbi Number Of Main Regions
NumberOfMainRegions
4 region
CY2023Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
7505000 usd
CY2022Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
7001000 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
133607000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
128923000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
52601000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
50630000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
81006000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
78293000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
1200000 usd
us-gaap Depreciation
Depreciation
2400000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
1200000 usd
us-gaap Depreciation
Depreciation
2400000 usd
CY2023Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P10Y
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7500000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7000000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
9300000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
8900000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
493000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
532000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
977000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1040000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
590000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
630000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1180000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1236000 usd
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
218000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1348000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
121000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y4M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y4M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0329
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0289
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0329
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0289
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
947000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2020000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1103000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
975000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
875000 usd
CY2023Q2 msbi Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
4704000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10624000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1357000 usd
CY2023Q2 us-gaap Deposits
Deposits
6426548000 usd
CY2023Q2 msbi Mortgage Loans Serviced For Others
MortgageLoansServicedForOthers
2451659000 usd
CY2023Q2 msbi Mortgage Loans Serviced For Others Carrying Value
MortgageLoansServicedForOthersCarryingValue
21611000 usd
CY2022Q4 msbi Mortgage Loans Serviced For Others
MortgageLoansServicedForOthers
2556996000 usd
CY2022Q4 msbi Mortgage Loans Serviced For Others Carrying Value
MortgageLoansServicedForOthersCarryingValue
21950000 usd
CY2023Q2 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
1162909000 usd
CY2022Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
1362158000 usd
CY2023Q2 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
2499693000 usd
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
2494073000 usd
CY2023Q2 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
1226470000 usd
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
1184101000 usd
CY2023Q2 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
624005000 usd
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
661932000 usd
CY2023Q2 us-gaap Interest Bearing Domestic Deposit Time Deposits
InterestBearingDomesticDepositTimeDeposits
913471000 usd
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Time Deposits
InterestBearingDomesticDepositTimeDeposits
662388000 usd
CY2022Q4 us-gaap Deposits
Deposits
6364652000 usd
CY2023Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
21783000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
42311000 usd
us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
30291000 usd
CY2022 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
58688000 usd
us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
43718000 usd
CY2022 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
76807000 usd
msbi Short Term Debt Weighted Average Interest Rate During Period
ShortTermDebtWeightedAverageInterestRateDuringPeriod
0.0026
CY2022 msbi Short Term Debt Weighted Average Interest Rate During Period
ShortTermDebtWeightedAverageInterestRateDuringPeriod
0.0018
CY2023Q2 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0025
CY2022Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0026
CY2023Q2 us-gaap Collateralized Agreements
CollateralizedAgreements
28800000 usd
CY2022Q4 us-gaap Collateralized Agreements
CollateralizedAgreements
46100000 usd
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2023Q2 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2023Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
339000000 usd
CY2023Q2 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
575000000 usd
CY2022Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
460000000 usd
CY2023Q2 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
2970000000 usd
CY2022Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
2900000000 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
94000000 usd
CY2023Q2 us-gaap Subordinated Debt
SubordinatedDebt
93404000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
100550000 usd
CY2022Q4 us-gaap Subordinated Debt
SubordinatedDebt
99772000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
21575000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
21883000 usd
us-gaap Net Income Loss
NetIncomeLoss
43347000 usd
us-gaap Net Income Loss
NetIncomeLoss
42632000 usd
CY2023Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2228000 usd
CY2022Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
0 usd
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
4456000 usd
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
0 usd
CY2023Q2 msbi Earnings Loss Before Distributed And Undistributed Earnings Loss Allocated To Participating Securities Basic
EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
19347000 usd
CY2022Q2 msbi Earnings Loss Before Distributed And Undistributed Earnings Loss Allocated To Participating Securities Basic
EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
21883000 usd
msbi Earnings Loss Before Distributed And Undistributed Earnings Loss Allocated To Participating Securities Basic
EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
38891000 usd
msbi Earnings Loss Before Distributed And Undistributed Earnings Loss Allocated To Participating Securities Basic
EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
42632000 usd
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
6579000 usd
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
6397000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
13248000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
12786000 usd
CY2023Q2 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
80000 usd
CY2022Q2 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
73000 usd
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
160000 usd
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
148000 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
149000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
171000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
300000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
334000 usd
CY2023Q2 msbi Undistributed Earnings To Common Shareholders
UndistributedEarningsToCommonShareholders
12539000 usd
CY2022Q2 msbi Undistributed Earnings To Common Shareholders
UndistributedEarningsToCommonShareholders
15242000 usd
msbi Undistributed Earnings To Common Shareholders
UndistributedEarningsToCommonShareholders
25183000 usd
msbi Undistributed Earnings To Common Shareholders
UndistributedEarningsToCommonShareholders
29364000 usd
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
6397000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
13248000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
12786000 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
12539000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
15242000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
25183000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
29364000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19118000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21639000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
38431000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
42150000 usd
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
6579000 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
12539000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
15242000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
25183000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
29364000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19118000 usd
CY2023Q2 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 usd
CY2022Q2 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
1000 usd
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 usd
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
1000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19118000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
21640000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
38431000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
42151000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22200917 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22305590 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22338627 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22290486 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4162 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
55229 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
10354 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
65450 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22205079 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22360819 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22348981 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22355936 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.89
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.89
CY2022Q2 us-gaap Assets
Assets
7435812000 usd
CY2023Q2 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
50000 usd
CY2022Q2 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
86000 usd
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
149000 usd
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-277000 usd
CY2023Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
0 usd
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 usd
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 usd
CY2022Q2 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 usd
CY2023Q2 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 usd
CY2023Q2 msbi Liability For Unresolved Repurchase Demands
LiabilityForUnresolvedRepurchaseDemands
200000 usd
CY2022Q4 msbi Liability For Unresolved Repurchase Demands
LiabilityForUnresolvedRepurchaseDemands
200000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
58840000 usd
CY2023Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
5879000 usd
CY2023Q2 us-gaap Noninterest Income
NoninterestIncome
18753000 usd
CY2023Q2 us-gaap Noninterest Expense
NoninterestExpense
42894000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28820000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7245000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
21575000 usd
CY2023Q2 us-gaap Assets
Assets
8034721000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
119344000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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us-gaap Noninterest Income
NoninterestIncome
34532000 usd
us-gaap Noninterest Expense
NoninterestExpense
87376000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
57486000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14139000 usd
us-gaap Net Income Loss
NetIncomeLoss
43347000 usd
CY2023Q2 us-gaap Assets
Assets
8034721000 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
61334000 usd
CY2022Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
5441000 usd
CY2022Q2 us-gaap Noninterest Income
NoninterestIncome
14613000 usd
CY2022Q2 us-gaap Noninterest Expense
NoninterestExpense
41339000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29167000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7284000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
21883000 usd
CY2022Q2 us-gaap Assets
Assets
7435812000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
118161000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
9608000 usd
us-gaap Noninterest Income
NoninterestIncome
30226000 usd
us-gaap Noninterest Expense
NoninterestExpense
82223000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
56556000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13924000 usd
us-gaap Net Income Loss
NetIncomeLoss
42632000 usd
CY2023Q2 msbi Noninterest Income Out Of Scope Of Topic606
NoninterestIncomeOutOfScopeOfTopic606
4310000 usd
CY2022Q2 msbi Noninterest Income Out Of Scope Of Topic606
NoninterestIncomeOutOfScopeOfTopic606
1506000 usd
msbi Noninterest Income Out Of Scope Of Topic606
NoninterestIncomeOutOfScopeOfTopic606
6710000 usd
msbi Noninterest Income Out Of Scope Of Topic606
NoninterestIncomeOutOfScopeOfTopic606
3508000 usd
CY2023Q2 us-gaap Noninterest Income
NoninterestIncome
18753000 usd
CY2022Q2 us-gaap Noninterest Income
NoninterestIncome
14613000 usd
us-gaap Noninterest Income
NoninterestIncome
34532000 usd
us-gaap Noninterest Income
NoninterestIncome
30226000 usd
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false

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