Parent Company Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed balance sheets

First Mid Bancshares, Inc. (Parent Company)
Balance Sheets	December 31,
	2019		2018
Assets
Cash	$	13,792	$	18,571
Premises and equipment, net	3,564		3,127
Investment in subsidiaries	525,418		498,544
Other assets	4,529		4,637
Total Assets	$	547,303	$	524,879
Liabilities and Stockholders’ equity
Liabilities
Debt	18,858		29,000
Other liabilities	1,836		20,015
Total Liabilities	20,694		49,015
Stockholders’ equity	526,609		475,864
Total Liabilities and Stockholders’ equity	$	547,303	$	524,879

Condensed statements of income

First Mid Bancshares, Inc. (Parent Company)
Statements of Income and Comprehensive Income	Years ended December 31,
	2019		2018			2017
Income:
Dividends from subsidiaries	$	38,688	$	21,694		$	18,925
Other income	12		171			1,227
Total income	38,700		21,865			20,152
Operating expenses	4,492		5,424			3,902
Income before income taxes and equity in undistributed earnings of subsidiaries	34,208		16,441			16,250
Income tax benefit	1,256		1,274			864
Income before equity in undistributed earnings of subsidiaries	35,464		17,715			17,114
Equity in undistributed earnings of subsidiaries	12,479		18,885			9,570
Net income	47,943		36,600			26,684
Other comprehensive income (loss), net of taxes	14,833		(4,169		)	3,525
Comprehensive income	$	62,776	$	32,431		$	30,209

Condensed statements of cash flows

First Mid Bancshares, Inc. (Parent Company)
Statements of Cash Flows	Years ended December 31,
	2019			2018			2017
Cash flows from operating activities:
Net income	$	47,943		$	36,600		$	26,684
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation, amortization, accretion, net	125			90			82
Dividends received from subsidiary	38,688			21,694			18,925
Equity in undistributed earnings of subsidiaries	(12,479		)	(18,885		)	(9,570		)
Increase in other assets	(39,042		)	(1,645		)	(19,348		)
Increase in other liabilities	(17,104		)	79			733
Net cash provided by operating activities	18,131			37,933			17,506
Cash flows from investing activities:
Investment in subsidiary	(343		)	(13,430		)	—
Net cash from business acquisition	310			(29,321		)	—
Net cash used in investing activities	(33		)	(42,751		)	—
Cash flows from financing activities:
Repayment of short-term debt	—			—			(4,000		)
Repayment of long-term debt	(10,310		)	(10,313		)	(3,750		)
Proceeds from issuance of common stock	589			36,645			4,399
Payment to repurchase common stock	(1,293		)	(138		)	(797		)
Direct expense related to capital transactions	—			(2,309		)	(216		)
Dividends paid on common stock	(11,863		)	(8,792		)	(7,228		)
Net cash provided by (used in) financing activities	(22,877		)	15,093			(11,592		)
Increase (decrease) in cash	(4,779		)	10,275			5,914
Cash at beginning of year	18,571			8,296			2,382
Cash at end of year	$	13,792		$	18,571		$	8,296