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Financials (Report of Condition)

The following report is represents the financial position of Bank Midwest at the close of business on June 30, 2024.

ASSETS $ Amount in Thousands
Cash & balances due: Noninterest-bearing balances 15,214
Cash & balances due: Interest-bearing balances5, 8,839
Securities: Held-to-maturity securities 0
Securities: Available-for-sale securities 175,413
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 377
Loans and leases held for investment 1,075,065
Less: Allowance for loan and lease losses 8,668
Loans and leases held for investment, net of allowance 1,066,397
Trading assets 0
Premises and fixed assets 23,666
Other real estate owned 0
Investments in unconsolidated subsidiaries and associated companies 0
Direct and indirect investments in real estate ventures 0
Intangible assets 6,635
Other assets 54,405
TOTAL ASSETS 1,350,946
LIABILITIES $ Amount in Thousands
Deposits: In domestic offices 1,139,034
Deposits: In domestic offices, noninterest-bearing 181,182
Deposits: In domestic offices, interest-bearing 957,852
Federal funds purchased 11,400
Securities sold under agreements to repurchase 0
Trading liabilities 0
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) 75,000
Subordinated notes and debentures 0
Other liabilities 14,004
TOTAL LIABILITIES 1,239,438
EQUITY CAPITAL $ Amount in Thousands
BANK EQUITY CAPITAL
Perpetual preferred stock and related surplus 0
Common stock 2,100
Surplus 18,433
Retained earnings 109,997
Accumulated and other comprehensive income -19,022
Other equity capital components 0
Total bank equity capital 111,508
Noncontrolling (minority) interests in consolidated subsidiaries 0
Total equity capital 111.508
TOTAL LIABILITIES AND EQUITY CAPITAL 1,350,946