Iowa City, Iowa Denver, Colorado Naples, Florida Minneapolis, Minnesota Investor Presentation June 30, 2022 Forward-Looking Statements & Non-GAAP Measures Cautionary Note Regarding Forward-Looking Statements This investor presentation contains certain "forward-looking statements" within the meaning of such term in the Private Securities Litigation Reform Act of 1995. We and our representatives may, from time to time, make written or oral statements that are "forward-looking" and provide information other th ...

Midwestone Financial Group, Inc. (NASDAQ:MOFG) Q2 2022 Earnings Conference Call July 29, 2022 12:00 PM ET Company Participants Charles Funk - CEO & Director Barry Ray - CFO & Senior EVP Len Devaisher - President & COO Gary Sims - Senior VP & Chief Credit Officer James Cantrell - CIO, Senior EVP & Treasurer Conference Call Participants Brendan Nosal - Piper Sandler & Co. Terence McEvoy - Stephens Inc. Damon DelMonte - KBW Brian Martin - Janney Montgomery Scott Operator Good morning, and thank you for attendi ...

Financial Performance - Net income for the three months ended March 31, 2022, was $13,895 thousand, a decrease of 35.9% compared to $21,648 thousand for the same period in 2021[13]. - Comprehensive loss for Q1 2022 was $(19,256) thousand, compared to a comprehensive income of $1,096 thousand in Q1 2021[15]. - Basic earnings per share for Q1 2022 was $0.89, a decrease from $1.35 in Q1 2021, with net income of $13.895 million compared to $21.648 million in the prior year[100]. - Return on average tangible equity for Q1 2022 was 13.56%, down from 21.52% in Q1 2021[192]. - The efficiency ratio for Q1 2022 was 60.46%, significantly higher than 50.77% in Q1 2021[200]. Asset and Deposit Changes - Total assets decreased to $5,960,214 thousand as of March 31, 2022, down from $6,025,128 thousand at December 31, 2021, representing a decline of approximately 1.08%[11]. - Total deposits decreased to $5,077,725 thousand as of March 31, 2022, down from $5,114,519 thousand at December 31, 2021, reflecting a decline of approximately 0.72%[11]. - Total cash and cash equivalents decreased to $59,829,000 at the end of the period from $145,769,000 at the end of the previous year, representing a decline of 58.9%[21]. - Total shareholders' equity was $504.5 million as of March 31, 2022, a decrease of $23.0 million, or 4.4%, from $527.5 million as of December 31, 2021[179]. Income and Expense Analysis - Total interest income decreased to $41,852 thousand for Q1 2022, down 7.9% from $44,204 thousand in Q1 2021[13]. - Noninterest income decreased by $0.2 million, from $11.8 million in the first quarter of 2021 to $11.6 million in the first quarter of 2022[138]. - Noninterest expense increased to $31,643 thousand in Q1 2022, up 14.0% from $27,700 thousand in Q1 2021[13]. - The effective income tax rate for Q1 2022 was 19.9%, down from 21.2% in Q1 2021, with an expected full-year rate of 19.5-21.5%[151]. Loan and Credit Quality - The total loans held for investment, net of unearned income, amounted to $3.25 billion as of March 31, 2022, with an allowance for credit losses of $46.2 million[47]. - Nonperforming loans across all categories were minimal, with only $1,641 thousand reported, indicating a strong credit quality overall[59]. - The allowance for credit losses (ACL) decreased from $48.7 million at the end of Q1 2021 to $46.2 million at the end of Q1 2022, reflecting improvements in economic conditions and asset quality[64]. - Net loan charge-offs were $2.2 million in Q1 2022, compared to $0.3 million in Q1 2021[148]. Securities and Investments - Total securities increased to $2,349,850 thousand as of March 31, 2022, compared to $2,288,110 thousand at December 31, 2021, reflecting an increase of approximately 2.68%[11]. - The company reported a net unrealized loss of $98.4 million in held to maturity debt securities as of March 31, 2022[154]. - The fair value of available for sale debt securities totaled $288.99 million as of March 31, 2022, with corporate debt securities making up $678.05 million of this total[114]. Economic Outlook - The economic forecast predicts a decrease in Midwest unemployment and increases in national retail sales, CRE Index, U.S. GDP, and National Home Price Index over the next four quarters[63]. - The company expects that the ultimate liability from pending legal actions will not have a material effect on its financial statements[110]. Capital and Borrowing - The Company’s total capital to risk-weighted assets ratio was 12.89% as of March 31, 2022, exceeding the minimum requirement of 10.50%[104]. - The Company completed a private placement of $65.0 million in subordinated notes, which qualify as Tier 2 capital[97]. - FHLB borrowings totaled $33.094 million as of March 31, 2022, with a weighted average interest rate of 2.74%[98]. Operational Efficiency - Net cash provided by operating activities increased to $26,176,000 from $15,025,000, reflecting a year-over-year growth of 74.1%[21]. - The Company maintained unsecured federal funds lines totaling $155.0 million as of March 31, 2022, to support liquidity needs[208].

Financial Data and Key Metrics Changes - The company reported a fourth consecutive quarter of loan growth at approximately 5% linked quarter annualized [3] - Net interest income was $37.3 million, down $1.3 million from the prior year period, but up $2.5 million or 7.5% when excluding PPP income and loan purchase discount accretion [20] - Non-interest income increased to $11.6 million for Q1 2022, primarily due to loan revenue [21] - Total shareholders' equity decreased by $23 million from year-end 2021 due to a $33.2 million negative valuation adjustment on the debt securities portfolio [18] Business Line Data and Key Metrics Changes - Core loans increased by $32.8 million or 4.2% annualized from the linked quarter, led by commercial loans which rose by $35 million or 5.4% [16] - Wealth Management revenue was up 6% quarter-over-quarter, with assets under management increasing by 5% [30] - The company experienced a stable wealth management performance despite negative market conditions [7] Market Data and Key Metrics Changes - Deposits were slightly down from the linked quarter but up 6% from the prior year period [18] - The company noted a significant increase in retail deposit sales, with new money from retail households up 12% compared to the same period last year [29] - Non-performing assets were $31.5 million at March 31, 2022, down slightly from year-end 2021 and down 31% from the prior year period [17] Company Strategy and Development Direction - The company is focused on driving revenue through technology investments and talent acquisition [26] - There is a strong pipeline for commercial loans, particularly in construction loans, which are expected to fund throughout the year [27] - The company is actively monitoring its branch network and adapting to changing customer behaviors, with a noted 11% decrease in branch teller transactions [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the loan growth pipeline and the stability of asset quality, with net charge-offs at 28 basis points [11] - The company anticipates increasing revenues from its Wealth Management Group in the latter half of the year [7] - Management acknowledged the competitive landscape for loans and deposits, indicating a need for strategic adjustments [3][4] Other Important Information - The company reclassified approximately 50% of its debt securities portfolio to held to maturity to mitigate negative impacts from rising rates [19] - The Iowa FIRST transaction is still pending regulatory approval, with management expressing frustration over the delay [12][13] Q&A Session Summary Question: Inquiry about the securities portfolio and potential adjustments - Management confirmed no further adjustments to the securities portfolio are expected and provided details on the variable rate securities held [37][38] Question: Discussion on deposit pricing competition - Management indicated limited opportunities to reprice CDs lower due to local market competition and expressed optimism about maintaining core account rates [42][43] Question: Health of agricultural borrowers - Management reported that agricultural borrowers are in good shape due to favorable crop yields and locked-in input costs for 2022 [46][47] Question: Update on Iowa FIRST transaction - Management provided a positive update on the cooperation from Muscatine Bank and indicated expectations for a potential close in mid-May or June [51][53] Question: Core margin sensitivity to rate changes - Management indicated that for every 100 basis point increase, the margin may benefit by 5 to 10 basis points, assuming successful lagging of deposit increases [64][66] Question: Fee income outlook - Management projected fee income in the range of $9 million to $9.5 million per quarter, excluding the acquisition [72] Question: Impact of branch reductions on savings - Management indicated that any savings from branch reductions would likely be reinvested into technology [73][74]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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. Employer Incorporation or Organization) Identification Number) Iowa 42-1206172 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ FORM 10-K TRANSITIO ...

Investor Presentation December 31, 2021 estOne™ GROUP INC. Forward-Looking Statements & Non-GAAP Measures Cautionary Note Regarding Forward-Looking Statements This investor presentation contains certain "forward-looking statements" within the meaning of such term in the Private Securities Litigation Reform Act of 1995. We and our representatives may, from time to time, make written or oral statements that are "forward-looking" and provide information other than historical information. These statements invol ...

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Q4 2021 Earnings Conference Call January 28, 2022 ET Company Participants Charlie Funk ??? CEO Gary Sims ??? Chief Credit Officer Barry Ray ??? CFO Jim Cantrell ??? Treasurer and CIO Len Devaisher ??? President Conference Call Participants Brendan Nosal ??? Piper Sandler Jeff Rulis ??? D.A. Davidson Terry McEvoy ??? Stephens Damon DelMonte ??? KBW Brian Martin ??? Janney Montgomery Operator Welcome to the Midwest Financial Group Incorporated, Fourth Quarter 202 ...

Financial Performance - Net income for the three months ended September 30, 2021, was $16,311 thousand, a significant recovery from a net loss of $19,824 thousand in the same period of 2020[13]. - Consolidated net income for the three months ended September 30, 2021, was $16.3 million, an increase of $36.1 million from a net loss of $19.8 million for the same period in 2020[147]. - The increase in net income was primarily due to the absence of a goodwill impairment charge of $31.5 million recorded in Q3 2020 and a decline in credit loss expense of $6.1 million, or 121.6%[147]. - For the nine months ended September 30, 2021, the net income was $55,230,000, compared to a net loss of $10,087,000 for the same period in 2020[21]. - Basic earnings per common share for the three months ended September 30, 2021, was $1.03, a significant improvement from a loss of $1.23 in the same period of 2020[100]. - Basic earnings per common share were $3.47 for the nine months ended September 30, 2021, compared to a loss per share of $0.63 for the same period in 2020[174]. Asset and Deposit Growth - Total assets increased to $5,875,423 thousand as of September 30, 2021, compared to $5,556,648 thousand at December 31, 2020, representing a growth of 5.8%[11]. - Total deposits rose to $4,957,781 thousand as of September 30, 2021, compared to $4,547,049 thousand at December 31, 2020, marking an increase of 9.0%[11]. - Total deposits increased to $4.96 billion, up from $4.55 billion as of December 31, 2020, representing a growth of approximately 9%[87]. - Total deposits increased to $4.78 billion, with a cost of funds of 0.41% for the nine months ended September 30, 2021[181]. Credit Quality and Losses - The allowance for credit losses decreased to $47,900 thousand from $55,500 thousand, indicating a reduction of 13.5%[11]. - The company experienced a credit loss expense of $7,958,000 for the nine months ended September 30, 2021, a significant decrease from a credit benefit of $31,410,000 in 2020[21]. - The credit loss expense for the three months ended September 30, 2021, was $(0.98) million, compared to $4.7 million for the same period in 2020[56]. - The total recorded credit loss benefit for the nine months ended September 30, 2021, was $0.2 million, compared to a credit loss expense of $1.1 million for the same period in 2020[110]. - The total allowance for credit losses as of September 30, 2021, was $47.9 million, a decrease from $58.5 million as of December 31, 2020, representing a reduction of approximately 18%[59]. - The total amount of nonperforming loans was $2,211,000, a slight increase from $47,000 in 2020, highlighting a need for continued monitoring[51]. Noninterest Income and Expenses - Noninterest income for the nine months ended September 30, 2021, was $31,224 thousand, compared to $27,994 thousand in the same period of 2020, showing a growth of 11.0%[13]. - Noninterest income decreased by $0.4 million, primarily due to a decline in mortgage origination fee income of $1.3 million[149]. - Total noninterest expense for the three months ended September 30, 2021, was $29,778 thousand, down from $59,939 thousand in the same period of 2020, a decrease of 50.3%[13]. - Noninterest expense decreased by $31.8 million, or 27.0%, primarily due to the absence of the goodwill impairment charge recorded in 2020[170]. Loans and Investments - The total loans held for investment, net of unearned income, was $3,268.64 million as of September 30, 2021, down from $3,482.22 million at December 31, 2020[36]. - The total balance of commercial real estate loans was $1.70 billion, representing 51.9% of the loan portfolio as of September 30, 2021, compared to 49.8% at December 31, 2020[199]. - The composition of the loan portfolio showed a decrease in commercial and industrial loans from $1.06 billion (30.3%) at December 31, 2020, to $927.3 million (28.4%) at September 30, 2021[199]. - The total recorded investment in TDRs for the three months ended September 30, 2021, was $9.7 million, compared to $0.5 million for the same period in 2020, reflecting a substantial increase[63]. Economic Outlook - The economic forecast indicates a decrease in Midwest unemployment and an increase in national retail sales over the next four quarters[55]. - The company anticipates an increase in the Year-to-year change in U.S. GDP over the next four quarters[55]. - The company expects an increase in the Year-to-year change in the National Home Price Index over the next four quarters[55]. Shareholder Returns and Capital Management - The Company declared a cash dividend of $0.2250 per share, payable on December 15, 2021, to shareholders of record as of December 1, 2021[129]. - The Company repurchased 336,640 shares of common stock during the nine months ended September 30, 2021, at a cost of $9,727,000[21]. - The Company redeemed $10.8 million of ATB Debentures on May 31, 2021, which had a fixed annual interest rate of 6.50%[104]. - The Company completed a private placement of $65.0 million in subordinated notes on July 28, 2020, which qualify as Tier 2 capital[103].

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Q3 2021 Results Conference Call November 2, 2021 12:00 PM ET Company Participants Charlie Funk - CEO Gary Sims - Chief Credit Officer Barry Ray - CFO Jim Cantrell - Treasurer and CIO Len Devaisher - President Conference Call Participants Brendan Nosal - Piper Sandler Jeff Rulis - D.A. Davidson Terry McEvoy - Stephens Damon DelMonte - KBW Ross Haberman - RLH Brian Martin - Janney Montgomery Operator Good day, and welcome to the MidWestOne Financial Group, Inc. T ...

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, 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 ...