2024 Q2 Form 10-Q Financial Statement

#000146602624000018 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 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 $1.200M $1.231M
YoY Change 0.0% 2.58%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $45.76M
YoY Change 30.6%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $8.429M $18.24M
YoY Change -70.75% -36.37%
Income Tax $1.679M $4.355M
% Of Pretax Income 19.92% 23.88%
Net Earnings $6.750M $13.89M
YoY Change -68.71% -36.23%
Net Earnings / Revenue
Basic Earnings Per Share $0.20 $0.53
Diluted Earnings Per Share $0.20 $0.53
COMMON SHARES
Basic Shares Outstanding 21.48M shares 21.50M shares
Diluted Shares Outstanding 21.73M shares 21.79M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.220B $1.208B
YoY Change 16.9% 27.05%
Cash & Equivalents $124.6M $167.3M
Short-Term Investments $1.095B $1.040B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $83.04M $81.83M
YoY Change 2.51% 1.55%
Goodwill $161.9M $161.9M
YoY Change 0.0% 0.0%
Intangibles $14.00M $15.02M
YoY Change -23.76% -23.27%
Long-Term Investments $49.00M $33.48M
YoY Change 4.53% -36.99%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $7.757B $7.832B
YoY Change -3.45% -1.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $103.7M $103.0M
YoY Change 14.11% 55.6%
Deferred Revenue
YoY Change
Short-Term Debt $7.208M $214.4M
YoY Change -66.91% 587.92%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $110.9M $317.4M
YoY Change -1.55% 226.07%
LONG-TERM LIABILITIES
Long-Term Debt $142.6M $144.4M
YoY Change -0.78% -3.72%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $142.6M $144.4M
YoY Change -0.78% -3.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $110.9M $317.4M
Total Long-Term Liabilities $142.6M $144.4M
Total Liabilities $6.972B $7.041B
YoY Change -3.95% -1.59%
SHAREHOLDERS EQUITY
Retained Earnings $325.0M $327.3M
YoY Change 5.57% 10.86%
Common Stock $214.0K $215.0K
YoY Change -1.83% -2.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $785.8M $791.0M
YoY Change
Total Liabilities & Shareholders Equity $7.757B $7.832B
YoY Change -3.45% -1.24%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $6.750M $13.89M
YoY Change -68.71% -36.23%
Depreciation, Depletion And Amortization $1.200M $1.231M
YoY Change 0.0% 2.58%
Cash From Operating Activities $18.07M $26.92M
YoY Change -59.62% 68.15%
INVESTING ACTIVITIES
Capital Expenditures $1.551M $527.0K
YoY Change -18.37% -81.1%
Acquisitions
YoY Change
Other Investing Activities $22.37M $43.60M
YoY Change -126.16% -145.59%
Cash From Investing Activities $20.82M $43.07M
YoY Change -123.82% -143.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -81.56M -$37.73M
YoY Change -225.34% -162.8%
NET CHANGE
Cash From Operating Activities 18.07M $26.92M
Cash From Investing Activities 20.82M $43.07M
Cash From Financing Activities -81.56M -$37.73M
Net Change In Cash -42.67M $69.99M
YoY Change -290.62% -413.54%
FREE CASH FLOW
Cash From Operating Activities $18.07M $26.92M
Capital Expenditures $1.551M $527.0K
Free Cash Flow $16.51M $26.39M
YoY Change -61.45% 99.62%

Facts In Submission

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8000 usd
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58162000 usd
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11315000 usd
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68107000 usd
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2228000 usd
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2228000 usd
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177000 usd
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450000 usd
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32255000 usd
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135061000 usd
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160631000 usd
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167316000 usd
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138310000 usd
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46187000 usd
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34888000 usd
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985000 usd
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1409000 usd
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51000 usd
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0 usd
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222000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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1130000 usd
CY2024Q1 us-gaap Nature Of Operations
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Nature of Operations</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%">Midland States Bancorp, Inc. is a diversified financial holding company headquartered in Effingham, Illinois. Our wholly owned banking subsidiary, Midland States 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; 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><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis of Presentation</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%">The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with GAAP and guidance provided by the SEC for interim financial information. Accordingly, the condensed financial statements do not include all of the information and footnotes required by GAAP for completed financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from these estimates.</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%">The consolidated financial statements of the Company should be read in conjunction with the consolidated financial statements and related notes contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 23, 2024. Certain reclassifications of 2023 amounts have been made to conform to the 2024 presentation. All significant transactions and accounts between subsidiaries have been eliminated. Assets held for customers in a fiduciary or agency capacity are not assets of the Company and, accordingly, other than trust cash on deposit with the Bank, are not included in the accompanying unaudited balance sheets. Management has evaluated subsequent events for potential recognition or disclosure. Operating results for the three months ended March 31, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024 or any other period.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Accounting Guidance Adopted in 2024</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-style:italic;font-weight:700;line-height:120%">FASB ASU No. 2023-02, Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">– In March 2023, the FASB issued ASU No. 2023-02, which allows for reporting entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the type of program the tax credits are related to. The ASU is effective for fiscal years beginning after December 15, 2023. The Company adopted this guidance on January 1, 2024 on a prospective basis. The adoption of this accounting pronouncement did not have a material impact on the consolidated financial statements.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Accounting Guidance Not Yet Adopted</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-style:italic;font-weight:700;line-height:120%">FASB ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2023, the FASB issued ASU No. 2023-07, which requires public entities to disclose significant segment expenses, an amount and description for other segment items, the title and position of the entity's chief operating decision maker and an explanation of how the chief operating decision maker uses the reported measures of profit or loss to assess segment performance, and, on an interim basis, certain segment related disclosures that previously were required only on an annual basis.The ASU is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The Company will update the related disclosures upon adoption.</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-style:italic;font-weight:700;line-height:120%">FASB ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2023, the FASB issued ASU No. 2023-09, which requires public entities to disclose in their rate reconciliation table additional categories of information about federal, state and foreign income taxes and to provide more details about the reconciling items in some categories if items meet a quantitative threshold. The pronouncement also requires entities to disclose income taxes paid, net of refunds, disaggregated by federal, state and foreign taxes for annual periods and to disaggregate the information by jurisdiction based on a quantitative threshold, among other things. The ASU is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company will update the related disclosures upon adoption.</span></div>
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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512725000 usd
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460879000 usd
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LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
1300000 usd
CY2023Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
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CY2024Q1 msbi Collateral Dependent Loans
CollateralDependentLoans
79604000 usd
CY2023Q4 msbi Collateral Dependent Loans
CollateralDependentLoans
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CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
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CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
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CY2024Q1 msbi Number Of Main Regions
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CY2024Q1 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
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CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
7673000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
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137117000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
137542000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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55286000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
54728000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
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81831000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
82814000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
1200000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
1200000 usd
CY2024Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P10Y
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7500000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7700000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
9000000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
9300000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
476000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
484000 usd
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
572000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
590000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
222000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1130000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y7M9D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P8Y1M6D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0344
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0326
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1475000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1402000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1277000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1132000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1074000 usd
CY2024Q1 msbi Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
3976000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10336000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1305000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
9031000 usd
CY2024Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
1212382000 usd
CY2023Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
1145395000 usd
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
2394163000 usd
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
2511840000 usd
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
1128463000 usd
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
1135629000 usd
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
555552000 usd
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
559267000 usd
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Time Deposits
InterestBearingDomesticDepositTimeDeposits
1033424000 usd
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Time Deposits
InterestBearingDomesticDepositTimeDeposits
957398000 usd
CY2024Q1 us-gaap Deposits
Deposits
6323984000 usd
CY2023Q4 us-gaap Deposits
Deposits
6309529000 usd
CY2024Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
255000000 usd
CY2023Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
476000000 usd
CY2024Q1 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
3010000000.00 usd
CY2023Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
2980000000 usd
CY2024Q1 us-gaap Debt Instrument Face Amount
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CY2024Q1 us-gaap Subordinated Debt
SubordinatedDebt
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CY2023Q4 us-gaap Debt Instrument Face Amount
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CY2023Q4 us-gaap Subordinated Debt
SubordinatedDebt
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CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
13885000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
21772000 usd
CY2024Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2228000 usd
CY2023Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2228000 usd
CY2024Q1 msbi Earnings Loss Before Distributed And Undistributed Earnings Loss Allocated To Participating Securities Basic
EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
11657000 usd
CY2023Q1 msbi Earnings Loss Before Distributed And Undistributed Earnings Loss Allocated To Participating Securities Basic
EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
19544000 usd
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6666000 usd
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6669000 usd
CY2024Q1 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
106000 usd
CY2023Q1 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
80000 usd
CY2024Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
75000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
151000 usd
CY2024Q1 msbi Undistributed Earnings To Common Shareholders
UndistributedEarningsToCommonShareholders
4810000 usd
CY2023Q1 msbi Undistributed Earnings To Common Shareholders
UndistributedEarningsToCommonShareholders
12644000 usd
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6666000 usd
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6669000 usd
CY2024Q1 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
4810000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
12644000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11476000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19313000 usd
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6666000 usd
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6669000 usd
CY2024Q1 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
4810000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
12644000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11476000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19313000 usd
CY2024Q1 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 usd
CY2023Q1 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
11476000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19313000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21774647 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22478808 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
13044 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
23162 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21787691 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22501970 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2024Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
0 usd
CY2024Q1 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 usd
CY2023Q1 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 usd
CY2024Q1 msbi Liability For Unresolved Repurchase Demands
LiabilityForUnresolvedRepurchaseDemands
100000 usd
CY2023Q4 msbi Liability For Unresolved Repurchase Demands
LiabilityForUnresolvedRepurchaseDemands
100000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
55920000 usd
CY2024Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
14000000 usd
CY2024Q1 us-gaap Noninterest Income
NoninterestIncome
21187000 usd
CY2024Q1 us-gaap Noninterest Expense
NoninterestExpense
44867000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
18240000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4355000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
13885000 usd
CY2024Q1 us-gaap Assets
Assets
7831809000 usd
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
60504000 usd
CY2023Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
3135000 usd
CY2023Q1 us-gaap Noninterest Income
NoninterestIncome
15779000 usd
CY2023Q1 us-gaap Noninterest Expense
NoninterestExpense
44482000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28666000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6894000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
21772000 usd
CY2023Q1 us-gaap Assets
Assets
7930174000 usd
CY2024Q1 msbi Noninterest Income Out Of Scope Of Topic606
NoninterestIncomeOutOfScopeOfTopic606
7139000 usd
CY2023Q1 msbi Noninterest Income Out Of Scope Of Topic606
NoninterestIncomeOutOfScopeOfTopic606
2400000 usd
CY2024Q1 us-gaap Noninterest Income
NoninterestIncome
21187000 usd
CY2023Q1 us-gaap Noninterest Income
NoninterestIncome
15779000 usd
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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