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Parent Company Only Financial Statements | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Of Parent Company Only Disclosure Abstract |
Parent Company Only Financial Statements | Note 22 -- Parent Company Only Financial Statements Presented below are condensed balance sheets, statements of income and cash flows for the Company (in thousands):
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 |
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 |
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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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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