| Schedule of unaudited quartely condensed financial information |
The following tables present the unaudited quarterly condensed financial information for the years ended December 31, 2016 and 2015 (in thousands, except for per share data):
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2016 Quarter Ended
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March 31
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June 30
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September 30
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December 31
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Interest income
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$
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27,967
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$
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32,115
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$
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31,186
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$
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29,981
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Interest expense
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3,926
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|
4,126
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|
|
3,921
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|
4,022
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Net interest income
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24,041
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27,989
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27,265
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25,959
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Provision for loan losses
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1,125
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629
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1,392
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2,445
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Net interest income after provision for loan losses
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22,916
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27,360
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25,873
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23,514
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Noninterest income
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12,618
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14,016
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14,937
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30,486
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Noninterest expense
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27,639
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30,903
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28,663
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34,093
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Income before income taxes
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7,895
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10,473
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12,147
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19,907
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Income taxes
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2,777
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|
3,683
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|
4,102
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|
8,327
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Net income
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|
5,118
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|
6,790
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|
8,045
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|
11,580
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Less: net (loss) income attributable to noncontrolling interest in subsidiaries
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(1)
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1
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(6)
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(3)
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Net income attributable to Midland States Bancorp, Inc.
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$
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5,119
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$
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6,789
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$
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8,051
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$
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11,583
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Per common share data:
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Basic earnings per common share
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$
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0.43
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$
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0.51
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$
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0.51
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$
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0.74
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Diluted earnings per common share
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0.42
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0.50
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0.51
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0.72
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2015 Quarter Ended
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March 31
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June 30
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September 30
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December 31
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Interest income
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$
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27,305
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$
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31,242
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$
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28,949
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$
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30,300
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Interest expense
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2,604
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2,925
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3,512
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3,848
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Net interest income
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24,701
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28,317
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25,437
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26,452
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Provision for loan losses
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|
997
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2,379
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6,699
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1,052
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Net interest income after provision for loan losses
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23,704
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25,938
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18,738
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25,400
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Noninterest income
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18,022
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14,197
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14,464
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12,799
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Noninterest expense
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31,546
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30,703
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27,823
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27,692
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Income before income taxes
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10,180
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9,432
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5,379
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10,507
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Income taxes
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3,590
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2,762
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1,928
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2,811
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Net income
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6,590
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6,670
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3,451
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7,696
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Less: net income attributable to noncontrolling interest in subsidiaries
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|
59
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17
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6
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1
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Net income attributable to Midland States Bancorp, Inc.
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$
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6,531
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$
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6,653
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$
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3,445
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$
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7,695
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Per common share data:
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Basic earnings per common share
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$
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0.55
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$
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0.56
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$
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0.29
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$
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0.64
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Diluted earnings per common share
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0.54
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0.55
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0.28
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0.63
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