PARENT COMPANY ONLY FINANCIAL INFORMATION - Condensed Statements of Income (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2024 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Sep. 30, 2023 |
Jun. 30, 2023 |
Mar. 31, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Condensed Statements of Income | |||||||||||||
Interest expense | $ 189,782 | $ 168,279 | $ 56,020 | ||||||||||
Income before income taxes | $ 24,966 | $ 31,813 | $ 29,062 | $ 19,034 | $ 21,571 | $ 20,108 | $ 60,875 | $ 41,679 | $ 85,841 | $ 60,713 | 46,900 | 87,962 | 131,386 |
Income tax benefit | (4,535) | (6,094) | (6,399) | (10,344) | (5,036) | (4,286) | (12,493) | (9,322) | (17,028) | (19,666) | (8,856) | (26,807) | (31,149) |
Net income | $ 20,431 | $ 25,719 | $ 22,663 | $ 8,690 | $ 16,535 | $ 15,822 | $ 48,382 | $ 32,357 | $ 68,813 | $ 41,047 | 38,044 | 61,155 | 100,237 |
Midland States Bancorp, Inc. | |||||||||||||
Condensed Statements of Income | |||||||||||||
Dividends from subsidiaries | 54,000 | 54,000 | 14,765 | ||||||||||
(Loss) earnings of consolidated subsidiaries, net of dividends | (10,347) | 13,981 | 91,233 | ||||||||||
Other (loss) income | (11) | 323 | 4 | ||||||||||
Total income | 45,154 | 69,882 | 106,012 | ||||||||||
Interest expense | 10,651 | 10,555 | 10,534 | ||||||||||
Other expense | 897 | 1,044 | 1,625 | ||||||||||
Total expense | 11,548 | 11,599 | 12,159 | ||||||||||
Income before income taxes | 33,606 | 58,283 | 93,853 | ||||||||||
Income tax benefit | 4,438 | 2,872 | 6,384 | ||||||||||
Net income | 38,044 | 61,155 | 100,237 | ||||||||||
Midland States Bancorp, Inc. | Related Party | |||||||||||||
Condensed Statements of Income | |||||||||||||
Interest income on note due from bank subsidiary | $ 1,512 | $ 1,578 | $ 10 |
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- Definition Dividends received from subsidiaries. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax of income (loss) of subsidiary attributable to the parent entity. No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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