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Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Of Parent Company Only Disclosure Abstract |
Condensed Balance Sheets |
First Mid Bancshares, Inc. (Parent Company) |  |  |  |  |  |  |  |
Balance Sheets |  | December 31, |
|  | 2020 |  |  | 2019 |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 122,163 |  |  | $ | 13,792 |
Premises and equipment, net |  |  | 4,423 |  |  |  | 3,564 |
Investment in subsidiaries |  |  | 553,150 |  |  |  | 525,418 |
Other assets |  |  | 4,062 |  |  |  | 4,529 |
Total Assets |  | $ | 683,798 |  |  | $ | 547,303 |
Liabilities and Stockholders’ equity |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |
Debt |  | $ | 113,280 |  |  | $ | 18,858 |
Other liabilities |  |  | 2,290 |  |  |  | 1,836 |
Total Liabilities |  |  | 115,570 |  |  |  | 20,694 |
Stockholders’ equity |  |  | 568,228 |  |  |  | 526,609 |
Total Liabilities and Stockholders’ equity |  | $ | 683,798 |  |  | $ | 547,303 |
Condensed Statements of Income |
First Mid Bancshares, Inc. (Parent Company) |  |  |  |  |  |  |  |  |  |  |  |
Statements of Income and Comprehensive Income |  | Years ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Income: |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 29,663 |  |  | $ | 38,688 |  |  | $ | 21,694 |
Other income |  |  | 43 |  |  |  | 12 |  |  |  | 171 |
Total income |  |  | 29,706 |  |  |  | 38,700 |  |  |  | 21,865 |
Operating expenses |  |  | 4,697 |  |  |  | 4,492 |  |  |  | 5,424 |
Income before income taxes and equity in undistributed earnings of subsidiaries |  |  | 25,009 |  |  |  | 34,208 |  |  |  | 16,441 |
Income tax benefit |  |  | 1,231 |  |  |  | 1,256 |  |  |  | 1,274 |
Income before equity in undistributed earnings of subsidiaries |  |  | 26,240 |  |  |  | 35,464 |  |  |  | 17,715 |
Equity in undistributed earnings of subsidiaries |  |  | 19,030 |  |  |  | 12,479 |  |  |  | 18,885 |
Net income |  |  | 45,270 |  |  |  | 47,943 |  |  |  | 36,600 |
Other comprehensive income (loss), net of taxes |  |  | 8,735 |  |  |  | 14,833 |  |  |  | (4,169 | )
Comprehensive income |  | $ | 54,005 |  |  | $ | 62,776 |  |  | $ | 32,431 |
Condensed Statements of Cash Flows |
First Mid Bancshares, Inc. (Parent Company) |  |  |  |  |  |  |  |  |  |  |  |
Statements of Cash Flows |  | Years ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 45,270 |  |  | $ | 47,943 |  |  | $ | 36,600 |
Adjustments to reconcile net income to net |  |  |  |  |  |  |  |  |  |  |  |
cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, amortization, accretion, net |  |  | 104 |  |  |  | 125 |  |  |  | 90 |
Dividends received from subsidiary |  |  | 29,663 |  |  |  | 38,688 |  |  |  | 21,694 |
Equity in undistributed earnings of subsidiaries |  |  | (19,030 | ) |  |  | (12,479 | ) |  |  | (18,885 | )
Increase in other assets |  |  | (30,121 | ) |  |  | (39,042 | ) |  |  | (1,645 | )
Increase in other liabilities |  |  | 1,349 |  |  |  | (17,104 | ) |  |  | 79 |
Net cash provided by operating activities |  |  | 27,235 |  |  |  | 18,131 |  |  |  | 37,933 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Investment in subsidiary |  |  | (700 | ) |  |  | (343 | ) |  |  | (13,430 | )
Net cash from business acquisition |  |  | 0 |  |  |  | 310 |  |  |  | (29,321 | )
Net cash used in investing activities |  |  | (700 | ) |  |  | (33 | ) |  |  | (42,751 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Repayment of short-term debt |  |  | (5,000 | ) |  |  | — |  |  |  | — |
Proceeds from short-term debt |  |  | 5,000 |  |  |  | — |  |  |  | — |
Repayment of long-term debt |  |  | — |  |  |  | (10,310 | ) |  |  | (10,313 | )
Issuance of subordinated debt |  |  | 94,253 |  |  |  | — |  |  |  | — |
Proceeds from issuance of common stock |  |  | 610 |  |  |  | 589 |  |  |  | 36,645 |
Payment to repurchase common stock |  |  | (213 | ) |  |  | (1,293 | ) |  |  | (138 | )
Direct expense related to capital transactions |  |  | — |  |  |  | — |  |  |  | (2,309 | )
Dividends paid on common stock |  |  | (12,814 | ) |  |  | (11,863 | ) |  |  | (8,792 | )
Net cash provided by (used in) financing activities |  |  | 81,836 |  |  |  | (22,877 | ) |  |  | 15,093 |
Increase (decrease) in cash |  |  | 108,371 |  |  |  | (4,779 | ) |  |  | 10,275 |
Cash at beginning of year |  |  | 13,792 |  |  |  | 18,571 |  |  |  | 8,296 |
Cash at end of year |  | $ | 122,163 |  |  | $ | 13,792 |  |  | $ | 18,571 |

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