XML 47 R28.htm IDEA: XBRL DOCUMENT
v3.25.2

CAPITAL REQUIREMENTS | 12 Months Ended
--- | ---
Dec. 31, 2024
Capital Requirements [Abstract] |
CAPITAL REQUIREMENTS | CAPITAL REQUIREMENTS The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet regulatory capital requirements may result in certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on our financial statements. Under capital adequacy guidelines and the regulatory framework for “prompt corrective action”, we must meet specific capital guidelines that involve quantitative measures of our assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting policies. Our capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Prompt corrective action provisions are not applicable to bank holding companies. The Bank is also restricted by Illinois law and regulations of the Illinois Department of Financial and Professional Regulation and the FDIC as to the maximum amount of dividends the Bank can pay the Company. As a practical matter, the Bank restricts dividends to a lesser amount because of the need to maintain an adequate capital structure. At December 31, 2024, the Company and the Bank exceeded the regulatory minimums and the Bank met the regulatory definition of "well-capitalized" based on the most recent regulatory notification. There have been no conditions or events since that notification that management believes have changed the Bank's category. At December 31, 2024 and 2023, the Company’s and the Bank’s actual and required capital ratios were as follows:
| Actual |  | Fully Phased-In Regulatory Guidelines Minimum |  | Required to be Well Capitalized Under Prompt Corrective Action Requirements
(dollars in thousands) | Amount |  | Ratio |  | Amount |  | Ratio(1) |  | Amount |  | Ratio
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Total risk-based capital ratio |  |  |  |  |  |  |  |  |  |  |
Midland States Bancorp, Inc. | $ | 833,709 |  |  | 13.07 | % |  | $ | 669,998 |  |  | 10.50 | % |  | N/A |  | N/A
Midland States Bank | 792,327 |  |  | 12.43 |  |  | 669,052 |  |  | 10.50 |  |  | $ | 637,192 |  |  | 10.00%
Tier 1 risk-based capital ratio |  |  |  |  |  |  |  |  |  |  |
Midland States Bancorp, Inc. | 685,934 |  |  | 10.75 |  |  | 542,379 |  |  | 8.50 |  |  | N/A |  | N/A
Midland States Bank | 712,263 |  |  | 11.18 |  |  | 541,614 |  |  | 8.50 |  |  | 509,754 |  |  | 8.00
Common equity tier 1 risk-based capital ratio |  |  |  |  |  |  |  |  |  |  |
Midland States Bancorp, Inc. | 510,435 |  |  | 8.00 |  |  | 446,665 |  |  | 7.00 |  |  | N/A |  | N/A
Midland States Bank | 712,263 |  |  | 11.18 |  |  | 446,035 |  |  | 7.00 |  |  | 414,175 |  |  | 6.50
Tier 1 leverage ratio |  |  |  |  |  |  |  |  |  |  |
Midland States Bancorp, Inc. | 685,934 |  |  | 9.03 |  |  | 255,237 |  |  | 4.00 |  |  | N/A |  | N/A
Midland States Bank | 712,263 |  |  | 9.38 |  |  | 254,877 |  |  | 4.00 |  |  | 318,596 |  |  | 5.00
December 31, 2023 (restated) |  |  |  |  |  |  |  |  |  |  |
Total risk-based capital ratio |  |  |  |  |  |  |  |  |  |  |
Midland States Bancorp, Inc. | $ | 866,878 |  |  | 12.37 | % |  | $ | 735,539 |  |  | 10.50 | % |  | N/A |  | N/A
Midland States Bank | 809,596 |  |  | 11.57 |  |  | 734,781 |  |  | 10.50 |  |  | $ | 699,791 |  |  | 10.00%
Tier 1 risk-based capital ratio |  |  |  |  |  |  |  |  |  |  |
Midland States Bancorp, Inc. | 685,767 |  |  | 9.79 |  |  | 595,437 |  |  | 8.50 |  |  | N/A |  | N/A
Midland States Bank | 722,122 |  |  | 10.32 |  |  | 594,823 |  |  | 8.50 |  |  | 559,833 |  |  | 8.00
Common equity tier 1 risk-based capital ratio |  |  |  |  |  |  |  |  |  |  |
Midland States Bancorp, Inc. | 510,269 |  |  | 7.28 |  |  | 490,360 |  |  | 7.00 |  |  | N/A |  | N/A
Midland States Bank | 722,122 |  |  | 10.32 |  |  | 489,854 |  |  | 7.00 |  |  | 454,864 |  |  | 6.50
Tier 1 leverage ratio |  |  |  |  |  |  |  |  |  |  |
Midland States Bancorp, Inc. | 685,767 |  |  | 8.73 |  |  | 280,206 |  |  | 4.00 |  |  | N/A |  | N/A
Midland States Bank | 722,122 |  |  | 9.20 |  |  | 279,917 |  |  | 4.00 |  |  | 349,896 |  |  | 5.00
(1)Total risk-based capital ratio, Tier 1 risk-based capital ratio and Common equity tier 1 risk-based capital ratio include the capital conservation buffer of 2.5%. In December 2018, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the FDIC approved a final rule to address changes to credit loss accounting under GAAP, including banking organizations’ implementation of CECL. The final rule provides banking organizations the option to phase in over a three-year period the day-one adverse effects on regulatory capital that may result from the adoption of the new accounting standard. In March 2020, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the FDIC published an interim final rule to delay the estimated impact on regulatory capital stemming from the implementation of CECL. The interim final rule maintains the three-year transition option in the previous rule and provides banks the option to delay for two years an estimate of CECL’s effect on regulatory capital, relative to the incurred loss methodology’s effect on regulatory capital, followed by a three-year transition period (five-year transition option). The Company adopted the capital transition relief over the permissible five-year period.

X
- Definition Capital Requirements + References No definition available. + Details
Name: | msbi_CapitalRequirementsAbstract
Namespace Prefix: | msbi_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1D Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1A Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1F + Details
Name: | us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration