The bank maintains a stable equity-to-assets ratio between 0.08 and 0.10, while total assets have undergone a strategic contraction from $6.7 billion in 2024Q1 to $6.2 billion in 2025Q3.
| Metric | TTM | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'03 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 | Dec'95 | Dec'94 |
|---|
| Cash & Short Term Investments | 5.94B | 1.53B | 876.85M | 1.24B | 2.49B | 1.74B | 859.26M | 459.58M | 497.95M | 520.75M | 474.17M | 498.35M | 523.45M | 603.98M | 566.7M | 19.8M | 27.59M | 32.93M | 16.38M | 20.73M | 13.52M | 14.54M | 15.84M | 15.52M | 15.05M | 22.1M | 19.2M | 16.5M | 20.79M | 7.7M |
| Cash & Due from Banks | 272.24M | 204.9M | 81.73M | 86.44M | 203.83M | 82.49M | 73.29M | 45.48M | 50.29M | 43.23M | 46.93M | 23.41M | 24.89M | 46.44M | 32.62M | 19.8M | 27.59M | 32.93M | 16.38M | 20.73M | 13.52M | 14.54M | 15.84M | 15.52M | 15.05M | 22.1M | 19.2M | 16.5M | 20.79M | 7.7M |
| Short Term Investments | 1.18B | 1.33B | 795.13M | 1.15B | 2.29B | 1.66B | 785.98M | 414.1M | 447.66M | 477.52M | 427.24M | 474.94M | 498.56M | 557.54M | 534.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 5.58B | 5.61B | 5.97B | 6.1B | 5.5B | 5.15B | 4.22B | 2.98B | 2.9B | 2.79B | 2.68B | 1.66B | 1.63B | 1.65B | 1.56B | 1.3B | 1.23B | 1.38B | 631.02M | 679.99M | 619.49M | 572.66M | 390.84M | 395.83M | 435.82M | 261.1M | 239.8M | 220.8M | 172.75M | 167.62M |
| Investments Growth % | -31.44% | -5.99% | -2.08% | 10.81% | 6.76% | 22.27% | 41.47% | 2.66% | 3.91% | 4.18% | 61.26% | 2.05% | -1.08% | 5.68% | 19.54% | 5.9% | -10.95% | 119.1% | -7.2% | 9.77% | 8.18% | 46.52% | -1.26% | -9.18% | 66.92% | 8.88% | 8.61% | 27.81% | 3.06% | - |
| Long-Term Investments | 17.33B | 4.29B | 5.18B | 4.95B | 3.22B | 3.5B | 3.43B | 2.57B | 2.46B | 2.32B | 2.25B | 1.19B | 1.13B | 1.09B | 1.02B | 1.3B | 1.23B | 1.38B | 631.02M | 679.99M | 619.49M | 572.66M | 390.84M | 395.83M | 435.82M | 261.1M | 239.8M | 220.8M | 172.75M | 167.62M |
| Accounts Receivables | 29.71M | 26.47M | 29.77M | 27.09M | 20.12M | 21.71M | 18.52M | 14.74M | 17.74M | 15.19M | 15.84M | 12.73M | 12.41M | 12.89M | 12.64M | 10.65M | 11.53M | 11.74M | 4.64M | 6.59M | 5.33M | 5.11M | 4.54M | 5.2M | 4.72M | 3.2M | 2.9M | 2.5M | 2.2M | 2M |
| Goodwill & Intangibles | 102.15M | 107.04M | 99.88M | 106.21M | 88.89M | 92.86M | 131.16M | 77.33M | 79.02M | 81.78M | 85.94M | 10.57M | 11.1M | 10.95M | 11.51M | 11.14M | 12.17M | 13.42M | 4.64M | 6.59M | 5.33M | 5.11M | 4.54M | 5.2M | 4.72M | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 69.79M | 69.79M | 62.48M | 62.48M | 62.48M | 62.48M | 91.92M | 64.65M | 64.65M | 64.65M | 64.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 32.36M | 37.25M | 37.4M | 43.74M | 26.42M | 30.38M | 39.24M | 12.68M | 14.36M | 17.12M | 21.39M | 10.57M | 11.1M | 10.95M | 11.51M | 11.14M | 12.17M | 13.42M | 4.64M | 6.59M | 5.33M | 5.11M | 4.54M | 5.2M | 4.72M | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 91.76M | 92.43M | 88.08M | 89.62M | 86.33M | 90.01M | 95.22M | 75.77M | 75.97M | 75.04M | 76.2M | 37.77M | 27.68M | 25.61M | 26.26M | 26.52M | 28.97M | 28.75M | 11.8M | 12.33M | 10.81M | 10.44M | 8.36M | 6.89M | 6.79M | 4M | 4.2M | 3.1M | 2.5M | 2.5M |
| Other Assets | 130.03M | 125.09M | 123.42M | 128.53M | 108.44M | 110.88M | 113.54M | 85.51M | 73.84M | 62.61M | 69.4M | 48.64M | 40.59M | 43.79M | 43.97M | 202.9M | 218.19M | 33.98M | 33.62M | 10.75M | 12.35M | 6.34M | 115.55M | 80.05M | 10.96M | 7.99M | 8.8M | 9M | 6.9M | 6.9M |
| Total Current Assets | 1.48B | 1.57B | 908.18M | 1.27B | 2.51B | 1.76B | 880.11M | 478.63M | 519.47M | 537.7M | 493.36M | 512.43M | 536.9M | 622.08M | 585.3M | 30.45M | 39.12M | 44.66M | 21.02M | 27.31M | 18.85M | 19.65M | 20.38M | 20.72M | 19.77M | 25.3M | 22.1M | 19M | 22.99M | 9.7M |
| Total Non-Current Assets | 4.77B | 4.67B | 5.52B | 5.31B | 3.51B | 3.8B | 3.77B | 2.81B | 2.69B | 2.54B | 2.49B | 1.29B | 1.22B | 1.17B | 1.11B | 1.55B | 1.5B | 1.46B | 680.97M | 717.6M | 657.48M | 603.66M | 525.42M | 494.49M | 466.42M | 273.09M | 252.8M | 232.9M | 182.15M | 177.01M |
| Total Assets | 6.25B | 6.24B | 6.43B | 6.58B | 6.03B | 5.56B | 4.65B | 3.29B | 3.21B | 3.08B | 2.98B | 1.8B | 1.76B | 1.79B | 1.7B | 1.58B | 1.53B | 1.51B | 701.98M | 744.91M | 676.33M | 623.31M | 545.79M | 515.21M | 486.19M | 298.4M | 274.9M | 251.9M | 205.14M | 186.71M |
| Asset Growth % | -21.3% | -2.97% | -2.29% | 9.17% | 8.43% | 19.41% | 41.38% | 2.47% | 4.31% | 3.34% | 65.53% | 2.57% | -2.1% | 5.76% | 7.21% | 3.03% | 1.71% | 114.96% | -5.76% | 10.14% | 8.51% | 14.2% | 5.94% | 5.97% | 62.93% | 8.55% | 9.13% | 22.79% | 9.87% | - |
| Return on Assets (ROA) | 0.94% | -0.95% | 0.32% | 0.97% | 1.2% | 0.13% | 1.1% | 0.93% | 0.59% | 0.67% | 1.05% | 1.04% | 1.05% | 0.95% | 0.81% | 0.65% | 0.29% | -2.22% | 0.92% | 0.82% | 0.94% | 1.01% | 0.82% | 0.8% | 0.57% | 1.6% | 1.94% | 1.97% | 1.99% | 1.5% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.83M | 1.43M | 1.47M | 1.51M | 863K | 765K | 1.48M | 1.53M | 1.87M | 2.25M | 2.77M | 1.73M | 2.8M | 1.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 97.97M | 116.56M | 138.56M | 531.08M | 336.25M | 439.48M | 371.01M | 300.15M | 248.52M | 274.06M | 202.05M | 186.69M | 189.03M | 204.41M | 212.69M | 192.86M | 190.76M | 231.72M | 93M | 113.46M | 107.08M | 108.7M | 111.02M | 90.59M | 84.39M | 46.2M | 20.1M | 8.5M | 10M | 9.7M |
| Net Debt | -174.27M | -88.33M | 56.84M | 444.65M | 132.42M | 356.99M | 297.72M | 254.67M | 198.23M | 230.84M | 155.12M | 163.28M | 164.14M | 157.97M | 180.06M | 173.06M | 163.17M | 198.79M | 76.62M | 92.73M | 93.56M | 94.16M | 95.19M | 75.08M | 69.33M | 24.1M | 900K | -8M | -10.8M | 2M |
| Long-Term Debt | 97.75M | 112.98M | 122.69M | 138.42M | 153.93M | 207.59M | 230.44M | 167.39M | 151.29M | 156.19M | 133.09M | 108.46M | 122.36M | 135.58M | 155.48M | 142.66M | 145.79M | 174.42M | 47M | 14.36M | 16.41M | 19.31M | 9.2M | 13.2M | 18M | 21.6M | 20.1M | 8.5M | 10M | 5M |
| Short-Term Debt | 0 | 3.19M | 15.26M | 391.87M | 181.37M | 230.79M | 139.35M | 131.42M | 97.23M | 117.87M | 68.96M | 78.23M | 66.67M | 68.82M | 57.21M | 50.19M | 44.97M | 57.3M | 46M | 99.1M | 90.67M | 89.39M | 101.82M | 77.39M | 66.39M | 24.6M | 0 | 0 | 0 | 4.7M |
| Other Liabilities | 66.73M | 82.09M | 368.93M | 85.06M | 46.89M | 54.87M | 44.93M | 19.51M | 16.7M | 18.14M | 16.72M | 11.47M | 12.47M | 13.27M | 17.89M | 8.73M | 9.7M | 15.94M | 3.25M | 5.03M | 3.94M | 5.33M | 5.3M | 5.18M | 2.9M | -18.71M | 2.7M | 2.2M | 1.6M | 799.61K |
| Total Current Liabilities | 5.48B | 5.48B | 5.41B | 5.86B | 5.3B | 4.78B | 3.87B | 2.75B | 2.7B | 2.6B | 2.53B | 1.49B | 1.44B | 1.47B | 1.37B | 1.27B | 1.23B | 1.19B | 574.35M | 662.98M | 597.59M | 542.52M | 480.47M | 447.54M | 415.06M | 257.3M | 215.3M | 207M | 161.45M | 151.13M |
| Total Non-Current Liabilities | 164.7M | 195.47M | 492.23M | 224.27M | 201.77M | 263.56M | 276.59M | 188.23M | 167.99M | 174.33M | 149.81M | 119.94M | 134.83M | 148.86M | 173.37M | 151.4M | 155.49M | 190.36M | 50.24M | 19.39M | 20.35M | 24.64M | 14.5M | 18.38M | 20.9M | 2.89M | 22.8M | 10.7M | 11.6M | 5.8M |
| Total Liabilities | 5.64B | 5.68B | 5.9B | 6.09B | 5.5B | 5.04B | 4.14B | 2.93B | 2.87B | 2.77B | 2.68B | 1.61B | 1.58B | 1.62B | 1.54B | 1.42B | 1.38B | 1.38B | 624.59M | 682.38M | 617.95M | 567.16M | 494.97M | 465.92M | 435.95M | 260.2M | 238.1M | 217.7M | 173.05M | 156.92M |
| Total Equity | 606.06M | 559.7M | 524.38M | 492.79M | 527.48M | 515.25M | 508.98M | 357.07M | 340.3M | 305.46M | 296.18M | 192.73M | 178.02M | 173.93M | 156.49M | 158.47M | 152.21M | 130.34M | 77.39M | 62.53M | 58.39M | 56.14M | 50.83M | 49.3M | 50.23M | 38.2M | 36.8M | 34.2M | 32.09M | 29.79M |
| Equity Growth % | 32.72% | 6.74% | 6.41% | -6.58% | 2.37% | 1.23% | 42.55% | 4.93% | 11.41% | 3.13% | 53.67% | 8.27% | 2.35% | 11.14% | -1.24% | 4.11% | 16.78% | 68.42% | 23.76% | 7.1% | 3.99% | 10.46% | 3.11% | -1.87% | 31.51% | 3.8% | 7.6% | 6.57% | 7.74% | - |
| Equity / Assets (Capital Ratio) | 9.7% | 8.97% | 8.16% | 7.49% | 8.75% | 9.27% | 10.94% | 10.85% | 10.59% | 9.92% | 9.94% | 10.71% | 10.14% | 9.7% | 9.23% | 10.02% | 9.92% | 8.64% | 11.02% | 8.39% | 8.63% | 9.01% | 9.31% | 9.57% | 10.33% | 12.8% | 13.39% | 13.58% | 15.64% | 15.95% |
| Return on Equity (ROE) | 10.02% | -11.12% | 4.1% | 11.93% | 13.33% | 1.29% | 10.08% | 8.7% | 5.79% | 6.78% | 10.28% | 9.99% | 10.57% | 10.01% | 8.45% | 6.52% | 3.12% | -23.65% | 9.5% | 9.59% | 10.63% | 11.08% | 8.7% | 8.04% | 5.03% | 12.27% | 14.37% | 13.58% | 12.6% | 9.4% |
| Book Value per Share | 29.25 | 32.87 | 33.35 | 31.39 | 33.16 | 31.98 | 34.19 | 29.18 | 28.21 | 26.66 | 28.50 | 22.85 | 20.88 | 20.40 | 18.13 | 18.35 | 17.69 | 16.40 | 14.96 | 18.44 | 13.05 | 14.72 | 13.14 | 11.52 | 12.66 | 9.97 | 9.60 | 9.06 | 8.48 | 10.53 |
| Tangible BV per Share | 24.32 | 26.58 | 27.00 | 24.62 | 27.58 | 26.22 | 25.38 | 22.86 | 21.66 | 19.53 | 20.23 | 21.60 | 19.58 | 19.11 | 16.79 | 17.06 | 16.27 | 14.71 | 14.06 | 16.50 | 11.86 | 13.38 | 11.97 | 10.30 | 11.47 | 9.97 | 9.60 | 9.06 | 8.48 | 10.53 |
| Common Stock | 21.58M | 21.58M | 16.58M | 16.58M | 16.58M | 16.58M | 16.58M | 12.46M | 12.46M | 11.71M | 11.71M | 8.69M | 8.69M | 8.69M | 8.69M | 8.69M | 8.69M | 8.69M | 5.17M | 24.56M | 24.56M | 24.56M | 24.56M | 24.56M | 24.56M | 0 | 0 | 0 | 0 | 0 |
| Additional Paid-in Capital | 415.06M | 414.99M | 302.16M | 302.08M | 300.94M | 300.14M | 297.39M | 187.81M | 187.49M | 163.67M | 163.49M | 80.54M | 80.51M | 80.38M | 80.33M | 81.27M | 81.18M | 80.76M | 100K | 13.08M | 12.89M | 12.98M | 13.03M | 13.13M | 13.19M | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 244.72M | 217.78M | 294.78M | 289.29M | 243.37M | 188.19M | 201.1M | 168.95M | 148.08M | 136.97M | 123.9M | 105.13M | 91.47M | 77.13M | 66.3M | 55.62M | 48.08M | 43.68M | 72.33M | 42.45M | 38.63M | 31.83M | 25.08M | 23.1M | 21.51M | 21.8M | 19.2M | 15.9M | 13.1M | 10.69M |
| Accumulated OCI | -49.38M | -72.76M | -64.9M | -89.05M | -8.87M | 24.59M | 4.37M | -5.66M | -2.6M | -1.13M | 3.41M | 5.32M | 1.05M | 11.05M | 3.48M | -1.83M | -256K | -1.57M | -206K | -455K | -743K | 1.36M | 743K | 371K | -507K | 200K | 100K | 0 | 99.97K | -99.95K |
| Treasury Stock | -25.93M | -21.89M | -24.25M | -26.11M | -24.55M | -14.25M | -10.47M | -6.5M | -5.12M | -5.77M | -6.33M | -6.95M | -3.7M | -3.32M | -2.31M | -1.05M | -1.18M | -1.22M | 0 | -17.1M | -16.95M | -14.59M | -12.6M | -11.87M | -8.53M | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.77M | 15.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Agricultural credit concentration
According to recent financial statements, MOFG's total assets have trended downward from a peak of $6.7 billion in 2024Q1 to $6.2 billion by 2025Q3, suggesting a strategic contraction of the balance sheet rather than organic growth in the current interest rate environment.
The reduction in total assets appears to be a deliberate effort to manage liquidity and risk, particularly as the bank navigates a challenging margin environment. Investors should monitor whether this shrinkage reflects a defensive posture against potential credit deterioration or a necessary adjustment to optimize the bank's capital allocation.
Based on reported figures, the equity-to-assets ratio has remained relatively stable, hovering between 0.08 and 0.10 over the last ten quarters, which indicates that management has maintained a consistent capital buffer despite the significant earnings volatility observed in late 2024.
While the equity-to-assets ratio suggests an adequate capital position, the underlying quality of this capital may be pressured by the recent spike in credit loss provisions. The bank's ability to maintain these ratios while absorbing potential loan losses will be a critical indicator of its long-term solvency and regulatory standing.
As reported in quarterly filings, MOFG maintains a substantial investment securities portfolio of $5.6 billion as of 2025Q3, which serves as a primary liquidity lever for the institution, representing the vast majority of the bank's total asset base.
The heavy reliance on a large securities portfolio suggests that the bank's liquidity profile is highly sensitive to interest rate fluctuations and the fair value of these holdings. This concentration warrants further investigation into the duration of these assets and the potential for future unrealized losses to impact the bank's regulatory capital.
Financial data indicates that the bank's balance sheet is heavily weighted toward investment securities, which, as noted in recent disclosures, may create a duration mismatch that leaves the net interest margin vulnerable to shifts in the yield curve.
The persistent stagnation of the net interest margin at 0.8% throughout 2025 suggests that the bank's asset-liability management strategy may be struggling to capture the benefits of the current rate environment. This structural rigidity appears to be a significant risk factor that could continue to constrain profitability if funding costs remain elevated.
Quick answers to the most common questions about buying MOFG stock.
As of 2024, MidWestOne Financial Group, Inc. (MOFG) had total assets of $6.24B including $1.57B in current assets.
MidWestOne Financial Group, Inc. (MOFG) carries total debt of $116.6M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
MidWestOne Financial Group, Inc. (MOFG) has total shareholders' equity (book value) of $559.7M ($32.87 book value per share). Book value represents the net worth of the company belonging to common stock holders.
MidWestOne Financial Group, Inc. (MOFG) reported a current ratio of 0.29x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.