Financial Data and Key Metrics Changes - The company reported a tangible common equity ratio near 8%, consistent with its long-term target of 8% to 8.5% [7] - Loan totals grew by 2.2% in the linked quarter, excluding PPP loans [8] - The net interest margin remains a challenge, with expectations for continued pressure in the current rate environment [13] Business Line Data and Key Metrics Changes - The Home Mortgage Center showed strong performance, although revenue slightly declined due to narrower margins amid increased competition [15] - Wealth management services are performing well, with significant growth in investment services and the addition of new representatives [17][18] - Card revenue has shown positive trends, indicating unexpected momentum in this area [19] Market Data and Key Metrics Changes - The company is experiencing brutal competition for good loans, with rates quoted in the low 2% range for longer durations [10] - There is a notable decline in line usage on credit lines, currently in the low 30% range compared to the mid-40s typically seen at this time of year [9] Company Strategy and Development Direction - The company is focusing on stock buybacks as a compelling use of capital, while remaining open to M&A opportunities that would benefit shareholders [32] - The management emphasizes the need for continued loan growth and effective management of the net interest margin as key challenges moving forward [23] Management's Comments on Operating Environment and Future Outlook - Management noted a stable to improving asset quality, with minimal charge-offs and a positive outlook for the agricultural portfolio despite some regional challenges [21][22] - The loan pipeline for the third quarter is described as reasonable, with expectations for measured growth rather than aggressive targets [11][34] Other Important Information - The company proactively sold long-duration bonds to increase asset sensitivity and manage interest rate risk [14] - Noninterest expenses are considered stable, with some one-time adjustments noted [20] Q&A Session Summary Question: Liquidity flows and deposit growth - Management indicated that liquidity outflows have slowed down, with deposit growth not negative but considerably reduced [26][28] Question: Margin defense and loan production - Management expressed that a steeper yield curve would help defend margins, and they are optimistic about replacing PPP loans with regular loan production [30] Question: M&A opportunities and capital allocation - The company is actively considering M&A opportunities but prioritizes stock buybacks as a strong use of capital at current levels [32] Question: Non-PPP commercial loan growth - Management highlighted diverse loan growth across various markets and sectors, with an increase in capital deployment activity among customers [41][44] Question: Mortgage business revenue expectations - Management expects mortgage revenue to normalize, with a potential run rate of around $2 million per quarter [46] Question: Credit trends and reserve adequacy - Management indicated that positive credit trends may lead to further reserve releases in the future [48] Question: Expense run rate expectations - Management is comfortable with the current expense run rate in the upper $28 million range [49]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35968 MIDWESTONE FINANCIAL GROUP, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation ...

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Q1 2021 Earnings Conference Call April 23, 2021 12:00 PM ET Company Participants Charles Funk - Chief Executive Officer Gary Sims - Senior Vice President and Chief Credit Officer Barry Ray - Senior Executive Vice President and Chief Financial Officer Len Devaisher - President and Chief Operating Officer James Cantrell - Senior Executive Vice President, Chief Information Officer and Treasurer Conference Call Participants Brendan Nosal - Piper Sandler & Co. Jeffr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 001-35968 MIDWESTONE FINANCIAL GROUP, INC. (Exact name of Registrant as specified in its charter) (State or Other Jurisdiction of (I.R.S. ...

SUPPLEMENTAL INFORMATION FOURTH QUARTER 2020 December 31, 2020 Credit Monitoring EIN 2 Credit Monitoring | --- | --- | --- | |-------|----------------------------------------------|-----------------------------------------------------------------------------------------------------------------| | | | | | • | | During the fourth quarter of 2020, credit monitoring procedures included a review of the following loan totals: | | | Enhanced Risk Rating Review $779.6 million | 22% of the loan portfolio. | | | Loan ...

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Q4 2020 Earnings Conference Call January 29, 2021 12:00 PM ET Company Participants Charlie Funk - Chief Executive Officer Gary Sims - Chief Credit Officer Barry Ray - Chief Financial Officer Len Devaisher - President Jim Cantrell - Treasurer and Chief Investment Officer Conference Call Participants Brendan Nosal - Piper Sandler Jeff Rulis - D.A. Davidson Terry McEvoy - Stephens Damon DelMonte - KBW Brian Martin - Janney Montgomery Scott Operator Good morning an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35968 MIDWESTONE FINANCIAL GROUP, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorpora ...

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Q3 2020 Earnings Conference Call October 30, 2020 12:00 PM ET Company Participants Charlie Funk ??? Chief Executive Officer Barry Ray ??? Chief Financial Officer Gary Sims ??? Chief Credit Officer Jim Cantrell ??? Treasurer and Chief Investment Officer Conference Call Participants Brendan Nosal ??? Piper Sandler Jeff Rulis ??? D.A. Davidson Terence McEvoy ??? Stephens Damon DelMonte ??? KBW Brian Martin ??? Janney Montgomery Operator Good morning, and welcome t ...

SUPPLEMENTAL INFORMATION THIRD QUARTER 2020 September 30, 2020 Credit Monitoring EIN 2 Credit Monitoring | --- | --- | --- | |-------|--------------------------------------------|----------------------------------------------------------------------------------------------------------------| | | | | | • | | During the third quarter of 2020, credit monitoring procedures included a review of the following loan totals: | | | Enhanced Risk Rating Review $801 million | 23% of the loan portfolio. | | | Loan Strat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35968 MIDWESTONE FINANCIAL GROUP, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation ...