MidWestOne Financial Group, Inc.


MidWestOne Financial Group, Inc., incorporated on May 9, 1983, is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc. that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida. It provides full service retail banking in the communities in which its branch offices are located and also offers trust and investment management services. The Bank offers deposit products, including checking and other demand deposit accounts, negotiable order of withdrawal (NOW) accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and other time deposits. The Bank offers commercial and industrial, agricultural, real estate mortgage and consumer loans. Other products and services include debit cards, automated teller machines, online banking, mobile banking, and safe deposit boxes. The principal service consists of making loans to and accepting deposits from individuals, businesses, governmental units and institutional customers. The Bank also has a trust and investment department through which it offers a range of trust and investment services, including administering estates, personal trusts, and conservatorships and providing property management, farm management, custodial, financial planning, investment management and retail brokerage services. Lending Activities The Company provides a range of commercial and retail lending services to businesses, individuals and government agencies. Its credit activities include commercial, industrial and agricultural loans; real estate construction loans; commercial and residential real estate loans, and consumer loans. It markets its services to qualified lending customers. It offers loans both to individuals constructing personal residences and to real estate developers and building contractors for the acquisition of land for development and the construction of homes and commercial properties. It offers residential, commercial and agricultural mortgage loans. It also offers mortgage loans to its commercial and agricultural customers for the acquisition of real estate used in their business, such as offices, farmland, warehouses and production facilities, and to real estate investors for the acquisition of apartment buildings, retail centers, office buildings and other commercial buildings. The Company’s commercial and industrial loan portfolio includes loans to wholesalers, manufacturers, contractors, business services companies and retailers. It provides a range of business loans, including lines of credit for working capital and operational purposes and term loans for the acquisition of equipment. Its consumer lending department provides various types of consumer loans, including personal loans (secured or unsecured) and automobile loans. Its agricultural loans include loans made to finance agricultural production and other loans to farmers and farming operations. As of December 31, 2016, its total loan portfolio was $2.17 billion.
Bank NameMidWestOne Financial Group, Inc.
Stock ExchangeLSE
SymbolMOFG
SectorFinancials
IndustryMajor Banks
CountryUnited States
World Region"North America "
Chairman
CEOMr. Charles N. Funk
Employees610
Websitemidwestone.com
Registered Year1983

2017 2016 2015
  € m € m € m
Revenue
Total interest income 119 112 101
Total Interest Expenses 15 13 11
Net Interest income 104 100 90
Total Net Revenue 127 123 111
Earnings per share
Basic 1.55 1.78 2.42
Diluted 1.55 1.78 2.42
Assets
Total current assets
Other assets 82,592 65,544 68,104
Total assets 3,212,271 3,079,575 2,979,975
Total current liabilities
Total liabilities 2,871,967 2,774,119 2,683,797
Total Equity 340,304 305,456 296,178
Net income
Net cash provided by operating activities 41 38 33
Net cash used for investment activities 149 124 5
Net cash provided by financing activities 116 82 14
Source:http://www.midwestone.com
Currency in EUR, All numbers in million.

United States
Belle Plaine
Burlington
Cedar Falls