Condensed Financial Information (Parent Company Only) (Tables) - MutualFirst Financial, Inc.

12 Months Ended

Dec. 31, 2017



Condensed Balance Sheets
	2017		2016
Assets
Cash on deposit with Bank	$	12,006	$	1,098
Cash on deposit with others		24		24
Total cash		12,030		1,122
Investment in common stock of subsidiaries		142,208		142,812
Other assets		425		411
Total assets	$	154,663	$	144,345

Liabilities
Other borrowings	$	4,232	$	4,189
Other liabilities		149		118
Total liabilities		4,381		4,307

Stockholders' Equity		150,282		140,038
Total liabilities and stockholders' equity	$	154,663	$	144,345



Condensed Statements of Income
	2017		2016		2015
Income
Interest income from bank	$	-	$	-	$	1
Dividends from subsidiaries		15,100		12,000		3,600
Total income		15,100		12,000		3,601
Expenses		1,041		976		1,182
Income before income tax and equity in undistributed income of subsidiaries		14,059		11,024		2,419
Income tax benefit		(495)		(399)		(591)
Income before equity in undistributed income (distributions in excess of income) of subsidiaries		14,554		11,423		3,010
Equity in undistributed income (distributions in excess of income) of subsidiaries		(2,239)		1,818		9,252
Net Income Available to Common Shareholders	$	12,315	$	13,241	$	12,262



Condensed Statements of Comprehensive Income
	2017		2016		2015
Net income	$	12,315	$	13,241	$	12,262
Other comprehensive income:
Net unrealized holding gain (loss) on securities available for sale		3,112		(3,258)		(1,174)
Less: Reclassification adjustment for realized gains included in net income		(708)		(1,023)		(436)
Net unrealized gain on derivative used for cash flow hedges		-		1		108
Net unrealized gain (loss) relating to defined benefit plan		(20)		62		77
		2,384		(4,218)		(1,425)
Income tax (expense) benefit related to other comprehensive income		(749)		1,474		537
Other comprehensive income (loss)		1,635		(2,744)		(888)
Comprehensive income	$	13,950	$	10,497	$	11,374




Condensed Statements of Cash Flows
	2017		2016		2015
Operating Activities
Net income	$	12,315	$	13,241	$	12,262
Item not requiring cash
Deferred income tax benefit		(14)		200		(102)
(Equity in undistributed income) distributions in excess of income of subsidiaries		2,239		(1,818)		(9,252)
Other		74		(183)		13
Net cash provided by operating activities		14,614		11,440		2,921

Investing Activity
Investment in subsidiary		-		(100)		(250)
Net cash used in investing activity		-		(100)		(250)

Financing Activities
Repayment of other borrowings	$	-	$	(5,312)	$	(759)
Stock repurchased		-		(4,354)		-
Cash dividends		(4,862)		(4,284)		(3,550)
Proceeds from stock options exercised		1,156		976		2,011
Net cash used in financing activities		(3,706)		(12,974)		(2,298)
Net Change in Cash		10,908		(1,634)		373
Cash, Beginning of Year		1,122		2,756		2,383
Cash, End of Year	$	12,030	$	1,122	$	2,756