Component: (Network and Table)
Network
00200 - Statement - CONSOLIDATED STATEMENT OF INCOME
(http://www.midlandsb.com/role/StatementConsolidatedStatementOfIncome)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001466026 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF INCOMEPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
CONSOLIDATED STATEMENTS OF INCOME
 
 
 
Interest income:
 
 
 
Loans:
 
 
 
Taxable
105,531,000  
100,814,000  
55,514,000  
Tax exempt
1,155,000  
1,175,000  
782,000  
Investment securities:
 
 
 
Taxable
9,981,000  
11,502,000  
12,063,000  
Tax exempt
3,634,000  
3,916,000  
4,604,000  
Federal funds sold and cash investments
948,000  
389,000  
178,000  
Total interest income
121,249,000  
 
117,796,000  
 
73,141,000  
 
Interest expense:
 
 
 
Deposits
8,936,000  
7,511,000  
5,198,000  
Short-term borrowings
303,000  
237,000  
179,000  
FHLB advances and other borrowings
1,057,000  
741,000  
1,682,000  
Subordinated debt
3,858,000  
2,731,000  
728,000  
Trust preferred debentures
1,841,000  
1,669,000  
756,000  
Total interest expense
15,995,000  
 
12,889,000  
 
8,543,000  
 
Net interest income
105,254,000  
 
104,907,000  
 
64,598,000  
 
Provision for loan losses
5,591,000  
11,127,000  
92,000  
Net interest income after provision for loan losses
99,663,000  
 
93,780,000  
 
64,506,000  
 
Noninterest income:
 
 
 
Commercial FHA revenue
22,064,000  
20,175,000  
 
Residential mortgage banking revenue
13,389,000  
17,634,000  
3,000,000  
Wealth management revenue
8,091,000  
7,292,000  
7,098,000  
Merchant services revenue
1,697,000  
1,529,000  
1,083,000  
Service charges on deposit accounts
3,904,000  
3,969,000  
3,036,000  
Interchange revenue
3,750,000  
3,562,000  
2,613,000  
FDIC loss-sharing expense
(1,661,000) 
(566,000) 
(3,491,000) 
Gain on sales of investment securities, net
14,702,000  
193,000  
77,000  
Other-than-temporary impairment on investment securities
(824,000) 
(461,000) 
(190,000) 
Gain on sales of other real estate owned
113,000  
600,000  
761,000  
Gain on sales of other assets
  
3,224,000  
Other income
6,832,000  
5,555,000  
3,230,000  
Total noninterest income
72,057,000  
 
59,482,000  
 
20,441,000  
 
Noninterest expense:
 
 
 
Salaries and employee benefits
66,293,000  
63,313,000  
32,503,000  
Occupancy and equipment
13,080,000  
13,151,000  
7,587,000  
Data processing
10,658,000  
10,197,000  
6,402,000  
FDIC insurance
1,707,000  
2,051,000  
1,328,000  
Professional
8,049,000  
8,687,000  
5,677,000  
Marketing
2,733,000  
2,891,000  
2,530,000  
Communications
2,150,000  
2,354,000  
1,541,000  
Loan expense
1,957,000  
2,960,000  
1,204,000  
Other real estate owned
935,000  
945,000  
2,189,000  
Amortization of intangible assets
2,147,000  
2,460,000  
2,115,000  
FHLB advances prepayment fee
  
1,746,000  
Other expense
11,589,000  
8,755,000  
4,658,000  
Total noninterest expense
121,298,000  
 
117,764,000  
 
69,480,000  
 
Income before income taxes
50,422,000  
 
35,498,000  
 
15,467,000  
 
Income taxes
18,889,000  
11,091,000  
4,651,000  
Net income
31,533,000  
 
24,407,000  
 
10,816,000  
 
Less: net (loss) income attributable to noncontrolling interest in subsidiaries
(9,000) 
83,000  
 
Net income attributable to Midland States Bancorp, Inc.
31,542,000  
 
24,324,000  
 
10,816,000  
 
Preferred stock dividends
  
7,601,000  
Net income available to common shareholders
31,542,000  
 
24,324,000  
 
3,215,000  
 
Per common share data:
 
 
 
Basic earnings per common share
2.22  
2.03  
.53  
Diluted earnings per common share
2.17  
2.00  
.53  
Weighted average common shares outstanding
14,130,552  
11,902,455  
5,945,615  
Weighted average diluted common shares outstanding
14,428,839  
12,112,403  
6,025,454