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Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets |
First Mid Bancshares, Inc. (Parent Company) |  |  |  |  |  |
Balance Sheets |  | December 31, |
|  | 2023 |  |  | 2022 |
Assets |  |  |  |  |  |
Cash |  | $ | 9,968 |  |  | $ | 24,854 |
Premises and equipment, net |  |  | 5,218 |  |  |  | 4,955 |
Investment in subsidiaries |  |  | 907,989 |  |  |  | 714,237 |
Other assets |  |  | 6,720 |  |  |  | 5,212 |
Total assets |  | $ | 929,895 |  |  | $ | 749,258 |
Liabilities and stockholders’ equity |  |  |  |  |  |
Liabilities |  |  |  |  |  |
Debt |  | $ | 130,813 |  |  | $ | 113,917 |
Other liabilities |  |  | 5,878 |  |  |  | 2,186 |
Total liabilities |  |  | 136,691 |  |  |  | 116,103 |
Stockholders’ equity |  |  | 793,204 |  |  |  | 633,155 |
Total liabilities and stockholders’ equity |  | $ | 929,895 |  |  | $ | 749,258 |
Condensed Statements of Income |
First Mid Bancshares, Inc. (Parent Company) |  |  |  |  |  |  |  |  |
Statements of Income and Comprehensive Income (Loss) |  | Years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Income: |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 51,213 |  |  | $ | 34,040 |  |  | $ | 28,075 |
Other income |  |  | 87 |  |  |  | 542 |  |  |  | 9 |
Total income |  |  | 51,300 |  |  |  | 34,582 |  |  |  | 28,084 |
Operating expenses |  |  | 12,192 |  |  |  | 9,221 |  |  |  | 9,630 |
Income before income taxes and equity in undistributed earnings of subsidiaries |  |  | 39,108 |  |  |  | 25,361 |  |  |  | 18,454 |
Income tax benefit |  |  | 3,453 |  |  |  | 2,780 |  |  |  | 2,656 |
Income before equity in undistributed earnings of subsidiaries |  |  | 42,561 |  |  |  | 28,141 |  |  |  | 21,110 |
Equity in undistributed earnings of subsidiaries |  |  | 26,374 |  |  |  | 44,811 |  |  |  | 30,380 |
Net income |  |  | 68,935 |  |  |  | 72,952 |  |  |  | 51,490 |
Other comprehensive income (loss), net of taxes |  |  | 15,080 |  |  |  | (150,676 | ) |  |  | (17,926 | )
Comprehensive income (loss) |  | $ | 84,015 |  |  | $ | (77,724 | ) |  | $ | 33,564 |
Condensed Statements of Cash Flows |
First Mid Bancshares, Inc. (Parent Company) |  |  |  |  |  |  |  |  |
Statements of Cash Flows |  | Years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 68,935 |  |  | $ | 72,952 |  |  | $ | 51,490 |
Adjustments to reconcile net income to net |  |  |  |  |  |  |  |  |
Cash provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, amortization, accretion, net |  |  | 265 |  |  |  | 218 |  |  |  | 350 |
Dividends received from subsidiary |  |  | 51,213 |  |  |  | 34,040 |  |  |  | 28,075 |
Equity in undistributed earnings of subsidiaries |  |  | (26,374 | ) |  |  | (44,811 | ) |  |  | (30,380 | )
Increase in other assets |  |  | (49,606 | ) |  |  | (208,359 | ) |  |  | (206,880 | )
Increase (decrease) in other liabilities |  |  | 1,526 |  |  |  | (146 | ) |  |  | 1,760 |
Net cash provided by (used in) operating activities |  |  | 45,959 |  |  |  | (146,106 | ) |  |  | (155,585 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Net cash from (used in) business acquisition |  |  | (41,827 | ) |  |  | 67,323 |  |  |  | 30,968 |
Net cash provided by (used in) investing activities |  |  | (41,827 | ) |  |  | 67,323 |  |  |  | 30,968 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from issuance of common stock |  |  | 1,004 |  |  |  | 93,415 |  |  |  | 46,128 |
Payment to repurchase common stock |  |  | (465 | ) |  |  | (340 | ) |  |  | (326 | )
Direct expense related to capital transactions |  |  | — |  |  |  | (29 | ) |  |  | (206 | )
Dividends paid on common stock |  |  | (19,557 | ) |  |  | (17,830 | ) |  |  | (14,721 | )
Net cash provided by (used in) financing activities |  |  | (19,018 | ) |  |  | 75,216 |  |  |  | 30,875 |
Increase (decrease) in cash |  |  | (14,886 | ) |  |  | (3,567 | ) |  |  | (93,742 | )
Cash at beginning of year |  |  | 24,854 |  |  |  | 28,421 |  |  |  | 122,163 |
Cash at end of year |  | $ | 9,968 |  |  | $ | 24,854 |  |  | $ | 28,421 |

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