v3.25.2
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
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