XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.25.2

FHLB ADVANCES AND OTHER BORROWINGS | 3 Months Ended
--- | ---
Mar. 31, 2025
FHLB ADVANCES AND OTHER BORROWINGS |
FHLB ADVANCES AND OTHER BORROWINGS | FHLB ADVANCES AND OTHER BORROWINGS The following table summarizes our FHLB advances and other borrowings as of March 31, 2025 and December 31, 2024:
(dollars in thousands) | March 31, 2025 |  | December 31, 2024
FHLB advances – fixed rate, fixed term at rates averaging 4.50% at March 31, 2025 and December 31, 2024 - maturing through October 2029 | $ | 133,000 |  |  | $ | 133,000 |
FHLB advances – putable fixed rate at rates averaging 3.69% at both March 31, 2025 and December 31, 2024 – maturing through July 2034 with call provisions through May 2025 | 125,000 |  |  | 125,000 |
FHLB advances – Short term fixed rate at rates averaging 4.44% at March 31, 2025 | 240,000 |  |  | — |
Total FHLB advances and other borrowings | $ | 498,000 |  |  | $ | 258,000 |
The Company’s advances from the FHLB are collateralized by a blanket collateral agreement of qualifying mortgage and home equity line of credit loans and certain commercial real estate loans totaling approximately $3.10 billion and $3.23 billion at March 31, 2025 and December 31, 2024, respectively. Based on this collateral, the Company was eligible to borrow $1.02 billion from the FHLB at March 31, 2025.

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

X
- Definition The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)(3)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_FederalHomeLoanBankAdvancesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration