PARENT COMPANY ONLY FINANCIAL INFORMATION - Condensed Statements of Income (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2020 |
Sep. 30, 2020 |
Jun. 30, 2020 |
Mar. 31, 2020 |
Dec. 31, 2019 |
Sep. 30, 2019 |
Jun. 30, 2019 |
Mar. 31, 2019 |
Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
|
Condensed Statements of Income | |||||||||||
Interest expense | $ (9,196) | $ (10,334) | $ (11,559) | $ (14,663) | $ (15,757) | $ (15,556) | $ (14,559) | $ (13,831) | $ (45,752) | $ (59,703) | $ (43,280) |
Income before income taxes | 10,746 | 3,270 | 15,993 | 2,005 | 16,071 | 16,670 | 21,394 | 18,336 | 32,014 | 72,471 | 50,805 |
Income tax benefit | (2,413) | (3,184) | (3,424) | (456) | (3,279) | (4,015) | (5,039) | (4,354) | (9,477) | (16,687) | (11,384) |
Net income | $ 8,333 | $ 86 | $ 12,569 | $ 1,549 | $ 12,792 | $ 12,655 | $ 16,355 | $ 13,982 | 22,537 | 55,784 | 39,421 |
Midland States Bancorp, Inc | |||||||||||
Condensed Statements of Income | |||||||||||
Dividends from subsidiaries | 89,890 | 43,900 | 17,000 | ||||||||
Other income | 0 | 0 | 6 | ||||||||
Interest expense | (12,054) | (11,798) | (10,714) | ||||||||
Other expense | (1,309) | (2,753) | (1,180) | ||||||||
Income before income taxes | 76,527 | 29,349 | 5,112 | ||||||||
Income tax benefit | 2,749 | 3,371 | 2,312 | ||||||||
Income before equity in undistributed (loss) income of subsidiaries | 79,276 | 32,720 | 7,424 | ||||||||
Equity in undistributed (loss) income of subsidiaries | (56,739) | 23,064 | 31,997 | ||||||||
Net income | $ 22,537 | $ 55,784 | $ 39,421 |