The following report is represents the financial position of Bank Midwest at the close of business on June 30, 2023.
ASSETS |
$ Amount in Thousands |
Cash & balances due: Noninterest-bearing balances |
14,718 |
Cash & balances due: Interest-bearing balances5, |
6,146 |
Securities: Held-to-maturity securities |
0 |
Securities: Available-for-sale securities |
215,556 |
Securities: Equity securities with readily determinable fair values not held for trading |
0 |
Federal funds sold |
0 |
Securities purchased under agreements to resell |
0 |
Loans and leases held for sale |
1,158 |
Loans and leases held for investment |
1,004,869 |
Less: Allowance for loan and lease losses |
9,652 |
Loans and leases held for investment, net of allowance |
995,217 |
Trading assets |
0 |
Premises and fixed assets |
20,618 |
Other real estate owned |
0 |
Investments in unconsolidated subsidiaries and associated companies |
0 |
Direct and indirect investments in real estate ventures |
0 |
Intangible assets |
6,710 |
Other assets |
50,640 |
TOTAL ASSETS |
1,310,763 |
LIABILITIES |
$ Amount in Thousands |
Deposits: In domestic offices |
1,064,477 |
Deposits: In domestic offices, noninterest-bearing |
193,126 |
Deposits: In domestic offices, interest-bearing |
871,351 |
Federal funds purchased |
10,500 |
Securities sold under agreements to repurchase |
0 |
Trading liabilities |
0 |
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) |
125,000 |
Subordinated notes and debentures |
0 |
Other liabilities |
9,723 |
TOTAL LIABILITIES |
1,209,700 |
EQUITY CAPITAL |
$ Amount in Thousands |
BANK EQUITY CAPITAL |
Perpetual preferred stock and related surplus |
0 |
Common stock |
2,100 |
Surplus |
18,433 |
Retained earnings |
104,003 |
Accumulated and other comprehensive income |
-23,473 |
Other equity capital components |
0 |
Total bank equity capital |
101,063 |
Noncontrolling (minority) interests in consolidated subsidiaries |
0 |
Total equity capital |
101.063 |
TOTAL LIABILITIES AND EQUITY CAPITAL |
1,310,763 |