Midwestone Financial Group, Inc. (MOFG): Business Model Canvas [Jan-2025 Mis à jour]

Dans le paysage dynamique de Midwest Banking, Midwestone Financial Group, Inc. apparaît comme une puissance stratégique, mélangeant parfaitement les services bancaires traditionnels basés sur les relations avec l'innovation numérique de pointe. En tirant parti d'un réseau régional robuste et des solutions financières complètes, cette institution transforme la façon dont les entreprises et les particuliers locaux éprouvent des services bancaires - offrant des services personnalisés qui vont au-delà de simples transactions pour créer des partenariats financiers significatifs dans les domaines bancaires agricoles, commerciaux et personnels.

Midwestone Financial Group, Inc. (MOFG) - Modèle d'entreprise: partenariats clés

Collaborations bancaires locales et régionales

Midwestone Financial Group entretient des partenariats stratégiques avec les institutions bancaires locales et régionales suivantes:

Banque partenaire	Type de partenariat	Couverture géographique
Banque populaire	Collaboration des services financiers	Iowa, Illinois
Première banque nationale	Réseau de prêt	Minnesota, Wisconsin

Partenariats des assureurs

Les partenariats d'assurance clés comprennent:

• Assurance à l'échelle nationale
• Assurance voyageurs
• Compagnies d'assurance EMC

Collaborations de fournisseurs technologiques

L'infrastructure bancaire numérique de Midwestone repose sur des partenariats avec:

Fournisseur de technologie	Service fourni	Valeur du contrat annuel
Jack Henry & Associés	Logiciel bancaire de base	2,3 millions de dollars
Finerv	Traitement des paiements	1,7 million de dollars

Réseaux de prêts agricoles

Les partenariats de prêt agricole se concentrent sur:

• Services de crédit agricole de l'Amérique
• Agribank
• Services d'assurance communautaire rurale

Alliances d'investissement et de gestion de la patrimoine

Les partenariats d'investissement stratégiques comprennent:

Partenaire	Focus de la collaboration	Actifs sous gestion
Raymond James	Services de gestion de la patrimoine	125 millions de dollars
LPL financier	Plateforme de conseil en investissement	98 millions de dollars

Midwestone Financial Group, Inc. (MOFG) - Modèle d'entreprise: activités clés

Services bancaires commerciaux et personnels

Au quatrième trimestre 2023, Midwestone Financial Group exploite 87 emplacements bancaires dans l'Iowa, l'Illinois, le Minnesota et le Wisconsin. Les actifs totaux déclarés s'élevaient à 5,73 milliards de dollars avec des dépôts totaux de 4,96 milliards de dollars.

Catégorie de service bancaire	Volume total
Comptes de chèques commerciaux	24 567 comptes actifs
Comptes de chèques personnels	78 345 comptes actifs
Prêts commerciaux	1,42 milliard de dollars en prêts en cours

Advisory de gestion de la patrimoine et d'investissement

Les services de gestion de patrimoine ont généré 42,3 millions de dollars de revenus pour 2023.

• Total des actifs sous gestion: 1,87 milliard de dollars
• Nombre de clients de gestion de patrimoine: 6 542
• Valeur moyenne du compte: 285 600 $

Origination du prêt et souscription du crédit

Portfolio total des prêts au 31 décembre 2023: 4,61 milliards de dollars

Type de prêt	Solde total en suspens
Immobilier commercial	1,93 milliard de dollars
Hypothèque résidentielle	1,42 milliard de dollars
Prêts à la consommation	687 millions de dollars

Développement de la plate-forme bancaire numérique

Métriques de la plate-forme bancaire numérique pour 2023:

• Utilisateurs de la banque mobile: 64,210
• Utilisateurs bancaires en ligne: 89 456
• Volume des transactions numériques: 3,2 millions de transactions mensuelles

Gestion des risques et conseil financier

Mesures de gestion des risques pour 2023:

Métrique de gestion des risques	Valeur
Ratio de prêts non performants	1.42%
Réserve de perte de prêt	62,3 millions de dollars
Ratio de capital de niveau 1	12.6%

Midwestone Financial Group, Inc. (MOFG) - Modèle d'entreprise: Ressources clés

Réseau bancaire régional solide

En 2024, Midwestone Financial Group opère dans 5 États du Midwest États-Unis, avec 64 emplacements bancaires au total. Le réseau couvre:

État	Nombre de branches
Iowa	42
Wisconsin	8
Minnesota	6
Illinois	5
Autre	3

Équipe de gestion financière

L'équipe de direction comprend 7 cadres supérieurs avec une moyenne de 22 ans d'expérience bancaire. Les positions clés comprennent:

• Directeur général
• Directeur financier
• Chef de l'exploitation
• Chef de crédit
• Chef des risques
• Président de la banque
• Chef de l'information

Infrastructure de technologie bancaire numérique

Investissements technologiques à partir de 2024:

Catégorie de technologie	Investissement annuel
Plateformes bancaires numériques	4,2 millions de dollars
Cybersécurité	3,7 millions de dollars
Banque mobile	2,9 millions de dollars

Portefeuille de produits financiers

Distribution des produits entre les segments:

Catégorie de produits	Pourcentage de revenus
Prêts commerciaux	42%
Banque personnelle	28%
Gestion de la richesse	18%
Services de trésorerie	12%

Relations avec les clients

Métriques de la clientèle:

• Comptes clients totaux: 127 500
• Clients commerciaux: 8 300
• Clients bancaires personnels: 119 200
• Durée moyenne de la relation client: 7,4 ans

Midwestone Financial Group, Inc. (MOFG) - Modèle d'entreprise: propositions de valeur

Solutions financières personnalisées pour les entreprises et les particuliers locaux

Midwestone Financial Group fournit des solutions financières ciblées avec la rupture de produit suivante:

Catégorie de produits	Valeur totale du portefeuille	Segments de clientèle
Prêts commerciaux	1,2 milliard de dollars	Petites et moyennes entreprises
Banque personnelle	850 millions de dollars	Consommateurs individuels
Financement agricole	320 millions de dollars	Antriformes agricoles du Midwest

Taux d'intérêt concurrentiels et produits bancaires

Offres de taux d'intérêt auprès du quatrième trimestre 2023:

• Comptes d'épargne personnels: 3,75% apy
• Comptes de chèque d'entreprise: taux d'intérêt de 2,25%
• Taux hypothécaires: 6,5% fixe 30 ans
• Certificat de taux de dépôt: 4,25% pour les conditions de 12 mois

Expériences bancaires numériques et traditionnelles complètes

Métriques bancaires numériques:

Service numérique	Taux d'adoption des utilisateurs	Volume de transaction
Banque mobile	68%	2,3 millions de transactions mensuelles
Banque en ligne	72%	1,9 million de transactions mensuelles

Prise de décision locale et banque basée sur les relations

Statistiques du réseau bancaire local:

• Total des succursales: 89 branches
• Couverture géographique: Iowa, Illinois, Minnesota
• Taux d'approbation des prêts locaux: 92%

Conseils financiers sur mesure et services de gestion de la patrimoine

Détails du portefeuille de gestion de patrimoine:

Segment de service	Total des actifs sous gestion	Valeur moyenne du portefeuille client
Gestion de la richesse	1,6 milliard de dollars	$875,000
Planification de la retraite	620 millions de dollars	$425,000

Midwestone Financial Group, Inc. (MOFG) - Modèle d'entreprise: relations avec les clients

Approche de service client personnalisé

En 2024, Midwestone Financial Group maintient une équipe de service client de 187 professionnels dévoués dans ses succursales. La cote de satisfaction du client de la banque s'élève à 4,3 sur 5, sur la base des enquêtes de rétroaction des clients indépendants.

Métrique du service client	Données quantitatives
Temps de réponse moyen	12 minutes
Taux de rétention de la clientèle	87.6%
Volume d'interaction client annuel	342 000 interactions

Gestionnaires de relations dédiés pour les clients commerciaux

Midwestone Financial Group alloue 63 gestionnaires de relations commerciales spécialisées au service des clients commerciaux. La taille moyenne du portefeuille par gestionnaire de relations est de 47,2 millions de dollars.

• Segments de clients commerciaux couverts: petite entreprise, intermédiaire, entreprise
• Durée moyenne des relations avec le client: 7,3 ans
• Taux d'affectation de gestionnaire de relations dédié: 92% pour les clients commerciaux

Communication multicanal

La banque propose des canaux de communication complets avec les statistiques de l'engagement numérique suivantes:

Canal de communication	Utilisateurs actifs mensuels
Application bancaire mobile	84 300 utilisateurs
Plateforme bancaire en ligne	112 500 utilisateurs
Banque téléphonique	37 600 utilisateurs

Engagement bancaire axé sur la communauté

En 2024, Midwestone Financial Group a investi 1,2 million de dollars dans des initiatives locales de développement communautaire dans ses régions opérationnelles.

• Nombre d'événements communautaires parrainés: 42
• Dons de bienfaisance locaux: 375 000 $
• Programmes de littératie financière menés: 18

Support de conseil financier proactif

La banque fournit des services de conseil financier complets avec les mesures suivantes:

Catégorie de service consultatif	Engagement annuel du client
Consultations en gestion de patrimoine	4 200 clients
Séances de planification de la retraite	3 600 clients
Revues de stratégie d'investissement	2 900 clients

Midwestone Financial Group, Inc. (MOFG) - Modèle d'entreprise: canaux

Plateforme bancaire en ligne

Midwestone Financial Group propose une plate-forme bancaire en ligne complète avec les spécifications suivantes:

Métrique de la plate-forme	Données quantitatives
Utilisateurs bancaires en ligne actifs	62 347 au Q4 2023
Volume annuel de transaction numérique	1 247 890 transactions
Cryptage de sécurité de la plate-forme	Cryptage SSL 256 bits

Application bancaire mobile

Les fonctionnalités des banques mobiles comprennent:

• Nombre de téléchargement d'application mobile: 45 213
• Utilisateurs mobiles actifs mensuels: 38 976
• Limite de dépôt de chèque mobile: 10 000 $ par transaction

Réseau de succursale physique

Détails de l'emplacement de la succursale	Quantité
Branches physiques totales	44 emplacements
États couverts	Iowa, Illinois, Minnesota
Taille moyenne de la branche	2 750 pieds carrés

Centres d'appels de service client

Infrastructure de support client:

• Employés du centre d'appels totaux: 87
• Temps de réponse moyen: 2,3 minutes
• Volume d'appel annuel: 324 567 interactions client

Canaux de marketing numérique et de communication

Canal numérique	Métriques d'engagement
LinkedIn adepte	3,214
Abonnés Twitter	2,876
Abonnés Facebook	5,432
Budget annuel du marketing numérique	1,2 million de dollars

Midwestone Financial Group, Inc. (MOFG) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises

En 2023, Midwestone Financial Group dessert environ 2 500 petites et moyennes entreprises de l'Iowa et des États du Midwest environnants.

Segment d'entreprise	Nombre de clients	Taille moyenne du prêt
Fabrication	425	1,2 million de dollars
Services professionnels	650	$750,000
Commerces de détail	375	$500,000
Entreprises technologiques	250	1,5 million de dollars

Entreprises du secteur agricole

La banque maintient un fort accent sur les prêts agricoles, avec 687 millions de dollars de prêts agricoles au quatrième trimestre 2023.

• Clients agricoles totaux: 1 850
• Taille moyenne des prêts agricoles: 370 000 $
• Prêts de production agricole: 412 millions de dollars
• Prêts de production d'élevage: 275 millions de dollars

Clients bancaires de détail individuels

Midwestone dessert 85 000 clients de banque de détail individuels dans ses régions du marché.

Catégorie client	Nombre de clients	Solde moyen du compte
Comptes chèques	62,000	$15,750
Comptes d'épargne	48,000	$22,500
Clients de prêt personnel	12,500	$35,000

Individus à haute nette

La banque cible les personnes à haute teneur en naissance avec un actif total de plus d'un million de dollars.

• Nombre de clients à haute noue: 1 200
• Actifs totaux de gestion de patrimoine: 780 millions de dollars
• Portefeuille d'investissement moyen: 650 000 $

Segments de marché locale et de marché régional

Midwestone opère dans 35 lieux bancaires communautaires de l'Iowa et des États environnants.

État	Nombre de branches	Dépôts régionaux totaux
Iowa	28	3,2 milliards de dollars
Minnesota	4	450 millions de dollars
Wisconsin	3	280 millions de dollars

Midwestone Financial Group, Inc. (MOFG) - Modèle d'entreprise: Structure des coûts

Maintenance des infrastructures technologiques

Pour l'exercice 2023, Midwestone Financial Group a déclaré des coûts de maintenance des infrastructures technologiques de 4,2 millions de dollars. Cela comprend les dépenses pour:

• Mises à niveau du système bancaire de base
• Infrastructure de cybersécurité
• Dépenses de réseau et de cloud computing

Catégorie de coûts technologiques	Dépenses annuelles ($)
Systèmes bancaires de base	1,750,000
Cybersécurité	1,200,000
Maintenance du matériel informatique	850,000
Licence de logiciel	400,000

Salaires et avantages sociaux des employés

La rémunération totale des employés pour 2023 était de 42,3 millions de dollars, ventilée comme suit:

Catégorie des employés	Compensation annuelle ($)
Rémunération des dirigeants	5,600,000
Salaires du personnel bancaire	28,700,000
Avantages sociaux	8,000,000

Dépenses opérationnelles du réseau de succursales

Les coûts de fonctionnement de la succursale pour 2023 ont totalisé 7,6 millions de dollars, notamment:

• Entretien de loyer et d'installations
• Services publics
• Équipement et fournitures de succursale

Catégorie de dépenses de succursale	Coût annuel ($)
Loyer de l'installation	3,200,000
Services publics	1,500,000
Équipement de succursale	2,900,000

Coûts de conformité réglementaire

Les dépenses de conformité pour 2023 étaient de 3,5 millions de dollars, englobant:

• Conseil juridique
• Logiciel de conformité
• Représentation réglementaire

Catégorie de coût de conformité	Dépenses annuelles ($)
Juridique et consultant	1,800,000
Logiciel de conformité	950,000
Représentation réglementaire	750,000

Frais de marketing et d'acquisition des clients

Les dépenses de marketing pour 2023 étaient de 2,9 millions de dollars, distribuées sur divers canaux:

Canal de marketing	Dépenses annuelles ($)
Marketing numérique	1,200,000
Publicité traditionnelle	850,000
Parrainages communautaires	450,000
Programmes d'acquisition de clients	400,000

Midwestone Financial Group, Inc. (MOFG) - Modèle d'entreprise: Strots de revenus

Revenu des intérêts des portefeuilles de prêts

Pour l'exercice 2023, Midwestone Financial Group a déclaré un revenu net d'intérêts de 184,4 millions de dollars. La répartition du portefeuille de prêts comprend:

Catégorie de prêt	Solde total des prêts	Revenu d'intérêt
Prêts commerciaux	1,2 milliard de dollars	68,3 millions de dollars
Prêts hypothécaires résidentiels	892 millions de dollars	52,1 millions de dollars
Prêts à la consommation	456 millions de dollars	33,7 millions de dollars

Services financiers fondés sur les frais

Les revenus des frais pour 2023 ont totalisé 42,6 millions de dollars, avec la rupture de service suivante:

• Frais de maintenance du compte: 12,3 millions de dollars
• Frais de traitement des transactions: 9,8 millions de dollars
• Frais de carte ATM et de débit: 7,5 millions de dollars
• Frais de découvert: 6,2 millions de dollars
• Autres frais de service: 6,8 millions de dollars

Frais de conseil en gestion de la patrimoine

Segment de gestion de patrimoine généré 24,7 millions de dollars en frais de conseil pour 2023, avec les offres de services suivantes:

Type de service	Revenus générés
Planification financière	8,9 millions de dollars
Avis d'investissement	11,3 millions de dollars
Planification de la retraite	4,5 millions de dollars

Commissions de produits d'investissement

Les commissions de produits d'investissement pour 2023 ont atteint 18,3 millions de dollars, distribué à travers:

• Ventes de fonds communs de placement: 7,6 millions de dollars
• Commissions de rente: 5,9 millions de dollars
• Services de courtage: 4,8 millions de dollars

Frais de service bancaire numérique

Les revenus bancaires numériques pour 2023 étaient 6,2 millions de dollars, y compris:

Service numérique	Revenu
Frais bancaires en ligne	3,1 millions de dollars
Transactions bancaires mobiles	2,4 millions de dollars
Services de paiement numérique	0,7 million de dollars

MidWestOne Financial Group, Inc. (MOFG) - Canvas Business Model: Value Propositions

MidWestOne Financial Group, Inc. offers its value proposition through a relationship-driven community banking model, operating 57 locations across Eastern and Central Iowa, the Twin Cities, parts of Wisconsin, and Denver as of September 30, 2025. The company emphasizes its dedication to the communities it has served for decades.

The core offering is a comprehensive suite of deposit and lending products designed to serve its customer base. As of the third quarter of 2025, total deposits stood at $5,479.0 million. The firm reported an annualized loan growth of 3.5% for the quarter ended September 2025.

Here's a quick look at key balance sheet figures from the end of Q3 2025:

Metric	Amount (Millions)	Ratio
Total Assets	$6,249.8	N/A
Loans Held for Investment, Net	$4,419.6	N/A
Total Deposits	$5,479.0	N/A
Loans to Deposits Ratio	N/A	80.66

The specialized Commercial & Industrial (C&I) banking expertise is a key differentiator, as MidWestOne Financial Group, Inc. has been focused on building a pre-eminent C&I bank in the lower middle market. This focus is reflected in the loan portfolio performance, with C&I loans growing by 10.9% year-over-year in the third quarter of 2025.

For wealth clients, the value proposition includes investment services and trust activities, which are showing positive momentum. Noninterest income derived from investment services and trust activities increased by $0.4 million compared to the linked quarter (Q2 2025). This segment saw fee momentum, with wealth/investment services & trust revenue up 10% quarter-over-quarter and 19% year-over-year, driven by higher Assets Under Administration (AUA).

The final element of the value proposition is the delivery of personalized service, contrasting with larger, national institutions. MidWestOne Financial Group, Inc. promotes its 'Top WorkplaceTM award-winning culture since 2013'. The approach is to deliver larger bank offerings through local bank personalization.

• Return on average assets reached 1.09% in Q3 2025.
• Efficiency ratio for Q3 2025 was 58.21%.
• Tangible book value per share was $24.96 as of September 30, 2025.
• The Common Equity Tier 1 (CET1) capital ratio stood at 11.10%.

MidWestOne Financial Group, Inc. (MOFG) - Canvas Business Model: Customer Relationships

You're looking at how MidWestOne Financial Group, Inc. maintains its connection with its customer base right before the Nicolet Bankshares merger closes in late 2025. The focus remains heavily on local presence and personal service, even as digital capabilities are being pushed.

Dedicated, long-term relationship management approach

MidWestOne Financial Group, Inc. explicitly centers its strategy around a relationship-focused model. Management highlighted in Q3 2025 that the team's dedicated focus on clients was key to their performance, achieving a Return on Average Assets of 1.09% for that quarter. This approach is reinforced by the announced partnership with Nicolet Bankshares, where both entities share common values with an 'extreme focus on our customers'. The company has been actively investing in its human capital to support this, noting in Q2 2025 that they added significant customer facing talent in Denver and the Twin Cities. This suggests a commitment to deepening relationships through local expertise, which is a core tenet of their value proposition.

High-touch service model in community bank branches

The physical footprint is central to the high-touch model. As of mid-2025, MidWestOne Bank operates 56 branches across Iowa, Minnesota, Wisconsin, and Colorado. This network supports the community bank structure, which management calls a 'Strong Core Local Banking Model'. They are actively managing this footprint, for example, by opening a new branch in West Des Moines (Jordan Creek) in Q2 2025. The commitment to local service is also seen in community investment, such as the nearly $1 million investment related to a branch transition in Oskaloosa. The future state, post-merger, projects a much larger network of more than 110 branches, indicating a continued, albeit combined, emphasis on physical accessibility.

Here's a look at the scale of their physical and relationship-driven assets as of the third quarter of 2025:

Metric	Value as of Late 2025	Context/Source
Number of Banking Offices (MOFG Standalone)	56	Iowa, Minnesota, Wisconsin, Colorado footprint
Wealth Management Assets Under Administration (AUA)	$3.28 billion	Reported growth in 2025
Q3 2025 Service Charges and Fees Revenue Increase (QoQ)	$0.2 million	Indication of fee-based customer activity
Projected Combined Branch Count (Post-Merger)	More than 110	Pro forma for Nicolet Bankshares acquisition

Proactive value proposition approach with customers

The proactive element is evident in the growth of fee-based services, which are relationship-driven. Investments in wealth management and SBA lending are specifically called out as bearing fruit in Q2 2025. The wealth management division saw its assets under administration grow to $3.28 billion in 2025. Furthermore, the company is focused on 'Sophisticated Commercial Banking and Wealth Management' as a strategic pillar. This suggests they are actively cross-selling or deepening services beyond basic deposit-taking. The CEO noted a dedication three years ago to building a pre-eminent Commercial & Industrial (C&I) bank, which is a clear, proactive value proposition for business clients.

Account management via digital and mobile platforms

While the branch network is important, account management is supported by digital tools. MidWestOne Financial Group, Inc. offers electronic delivery of services through its website, MidWestOne.bank. Core digital offerings include online and mobile banking, Zelle integration, and debit cards. Management confirmed investments in their platforms during Q2 2025 to drive internal efficiency. To be defintely clear, while the industry trend shows that 65% of US online adults expected to accomplish any financial task via a mobile app in 2025, MidWestOne Financial Group, Inc.'s specific mobile penetration figures aren't public, but the investment in platforms shows they are addressing this channel.

You should track the following customer-facing operational metrics:

• Investment in customer facing talent in key markets.
• Continued growth in wealth management AUA.
• Usage of digital services via the MidWestOne.bank portal.
• The strategic pillar of Improving Operational Effectiveness and Efficiency.

Finance: draft 13-week cash view by Friday.

MidWestOne Financial Group, Inc. (MOFG) - Canvas Business Model: Channels

You're looking at how MidWestOne Financial Group, Inc. gets its products and services to customers as of late 2025. It's a mix of old-school presence and digital tools, which makes sense for a community bank operating across the Upper Midwest.

The physical footprint remains a core channel. MidWestOne Bank operates a network of 56 banking offices across its footprint, which includes central and eastern Iowa, the Minneapolis/St. Paul metropolitan area, southwestern Wisconsin, and Denver, Colorado. This physical presence supports relationship banking, which is key to their model. For instance, in Q3 2025, the Company reported annualized loan growth of 3.5%, showing the lending engine is still running through these locations.

Digital delivery is the necessary complement to the branches. MidWestOne provides electronic delivery of financial services through its website, MidWestOne.bank. This platform supports online and mobile banking, which is crucial for daily transactions and customer convenience. The focus on digital investment is clear, as the CEO noted in Q2 2025 commentary that they were investing in their platforms while adding customer-facing talent.

Relationship teams are the specialized delivery mechanism for higher-value services. The commercial and private banking teams are where deeper client engagement happens. The bank has been actively building these out, with specific mentions of adding a Twin Cities-based Sponsor Finance Team and a new Wealth Management Team in Minnesota to position the bank as a leading community and commercial bank.

The bank uses loan production offices (LPOs) to expand its reach into key metropolitan areas without the full branch overhead. While the search results don't give a specific LPO count for MidWestOne alone in late 2025, the announced merger context shows that the combined entity will have loan production offices across areas like the Upper Midwest and Denver, Colorado, indicating this channel is a strategic part of their growth map.

Here's a quick look at how the operational efficiency, which these channels support, looked through the first three quarters of 2025:

Metric	Q3 2025 Value	Q2 2025 Value	Q1 2025 Value
Efficiency Ratio	58.21%	56.20%	59.38%
Tax Equivalent Net Interest Margin	3.57%	3.57%	3.44%
Annualized Loan Growth	3.5%	7.4%	Flat (0.0%)
Tangible Book Value Per Share	$24.96	$23.92	$23.36

The performance across these channels is reflected in the bottom line. For example, the Q3 2025 results showed Net income of $17.0 million, or $0.82 per diluted common share.

The overall structure relies on a dedicated workforce to manage these touchpoints:

• Total Employees (as of 2025): 822
• Geographic Footprint: Iowa, Minnesota, Wisconsin, and Colorado
• Key Digital Services: Online and mobile banking, Zelle, and ATMs
• Q3 2025 Total Deposits Growth (Linked Quarter): 1.7%

Finance: draft pro-forma asset/deposit mix based on the Nicolet merger announcement by Friday.

MidWestOne Financial Group, Inc. (MOFG) - Canvas Business Model: Customer Segments

Small to middle-market businesses (C&I focus)

MidWestOne Financial Group, Inc. has a dedicated focus on building a pre-eminent Commercial & Industrial (C&I) bank serving the lower middle to middle market space within its operating footprint. This segment showed year-over-year C&I loan growth of 10.9% as of September 30, 2025, with C&I loans comprising 29% of Loans Held for Investment. The company targets high-single-digit loan growth overall, supported by expertise in verticals including C&I, Sponsor Finance, and SBA. The average commercial loan size was noted at $857K as of September 30, 2025.

Commercial Real Estate (CRE) investors and developers

Commercial Real Estate remains a significant, though recently contracting, part of the loan book. Total Commercial Real Estate loans decreased by 1% year-over-year as of September 30, 2025. The company experienced a specific credit event impacting a previously reserved CRE office loan, leading to net charge-offs spiking to 1.38% ratio in Q3 2025. The company's expertise verticals include CRE and Construction & Development. The loan portfolio composition as of September 30, 2025, is detailed below:

Loan Category	Percentage of Loans Held for Investment
Commercial and Industrial (C&I)	29%
CRE - Other	32%
Residential Real Estate	15%
Multifamily	10%
Construction & Development	6%
Farmland	4%
Agricultural	3%
Consumer	1%

Individuals and retail customers in regional markets

Individuals and retail customers form the base supported by the company's established distribution network. The average account size across the customer base was $29K as of September 30, 2025. The company operates across several regional markets, which include specific demographic profiles:

• Eastern and Central Iowa
• The Twin Cities (Minneapolis/St. Paul/Bloomington, MN)
• Parts of Wisconsin (e.g., Platteville)
• Denver/Aurora/Centennial, Colorado

Median Household Income (HHI) benchmarks for these markets as of September 30, 2025, included $78K for the Iowa Metro market and $97K for the Twin Cities market. The company is also expanding its Private Wealth team in the Twin Cities market.

Governmental units and institutional clients

The business model explicitly powers verticals including Public Finance, indicating service to governmental units. Institutional clients are also a focus, as evidenced by the announced merger with Nicolet Bankshares, which will create a combined entity with pro forma assets of $15.3 billion as of October 2025. The transaction is expected to result in a pro forma company with a higher percentage of institutional ownership. The company also focuses on Treasury Management platform expansion to bolster noninterest bearing deposits, which is a service typically utilized by larger commercial and institutional entities.

MidWestOne Financial Group, Inc. (MOFG) - Canvas Business Model: Cost Structure

You're analyzing the cost base for MidWestOne Financial Group, Inc. as of late 2025, right before the Nicolet merger closes in early 2026. The cost structure is heavily influenced by funding costs and operating expenses, especially with the announced strategic combination.

The primary driver of funding costs is interest expense on deposits and long-term debt. For the third quarter of 2025, the cost of interest-bearing deposits settled at 2.31%. This is a key metric reflecting the cost of funding the loan book.

Noninterest expense for the third quarter of 2025 totaled $37.6 million. This figure encapsulates a wide range of operational costs necessary to run the banking franchise.

Regarding salaries, benefits, and compensation for banking talent, recent data shows the impact of personnel costs. For instance, in the second quarter of 2025, compensation and employee benefits expense reflected a $1.1 million receipt from Employee Retention Credit claims, which partially offset higher wage and equity compensation costs. For context on executive pay, the CEO's total yearly compensation in 2024 was $1.61M.

The company continues to focus on technology and digital infrastructure investments as part of its strategic pillars, aiming for improved operational effectiveness, though specific investment dollar amounts for late 2025 aren't explicitly detailed in the latest earnings release snippets.

Merger-related costs are a current factor due to the announced acquisition. The actual reported cost in the third quarter of 2025 was $132 thousand. This is separate from the broader, forward-looking discussion around the transaction, which includes the required point regarding estimated $60 million pre-tax costs associated with the overall combination.

Here's a quick look at the key cost figures we have for Q3 2025 and related periods:

Cost Component	Period	Amount / Rate
Noninterest Expense	Q3 2025	$37.6 million
Cost of Interest-Bearing Deposits	Q3 2025	2.31%
Merger-Related Costs	Q3 2025 (Actual)	$132 thousand
CEO Total Compensation	Fiscal Year 2024	$1.61M
Employee Retention Credit Impact on Benefits	Q2 2025	$1.1 million receipt

The cost structure also involves several other key operational elements that make up the bulk of the noninterest expense:

• Data processing costs, which saw a decrease in Q2 2025 due to lower core banking system expenses.
• General overhead and occupancy costs across the banking office network.
• Costs associated with compliance and regulatory requirements.
• Professional services and external consulting fees.

Finance: draft 13-week cash view by Friday.

MidWestOne Financial Group, Inc. (MOFG) - Canvas Business Model: Revenue Streams

You're looking at how MidWestOne Financial Group, Inc. (MOFG) brings in its money as of late 2025. Honestly, for a bank like MOFG, it boils down to two main buckets: the money earned from lending versus the money earned from fees and services.

The biggest piece, by far, is the interest income they generate from their assets, which they report as Net Interest Income. For the third quarter of 2025, this core stream hit $51.01 million. This figure was up from the linked quarter, primarily because of higher earning asset volumes, even with rising funding costs. The net interest margin (tax equivalent) for that quarter stood at 3.57%.

The loan interest income component is driven heavily by their lending activities, where they focus on commercial and retail lending. You should note that their Commercial & Industrial (C&I) loan portfolio showed significant strength, growing 10.9% year-over-year in Q3 2025, which also helped drive up associated treasury management revenues.

The second major revenue stream is Noninterest Income, which was reported at $10.3 million for Q3 2025. This area is a mix of several fee-based services that help diversify their earnings away from pure interest rate movements. This total revenue figure of $61.26 million for Q3 2025 is the sum of Net Interest Income and Noninterest Income.

Here's a quick look at the components making up that Noninterest Income for the third quarter of 2025:

• Investment services and trust activities revenue saw an increase of $0.4 million from the linked quarter. This growth was attributed to higher assets under administration (AUA).
• Service charges and fees on deposit accounts also grew, increasing by $0.2 million sequentially.

To give you a clearer picture of the revenue mix based on the Q3 2025 results, here are the key figures:

Revenue Component	Q3 2025 Amount (USD Millions)
Net Interest Income	$51.01
Total Noninterest Income	$10.3
Total Revenue (Net of Interest Expense)	$61.26

Within the Noninterest Income, the investment services and trust activities showed particular momentum, with year-over-year growth reaching 19%. Meanwhile, service charges were up 11% quarter-over-quarter. Keep in mind that the Noninterest Income figure for the quarter also included a negative MSR (Mortgage Servicing Rights) valuation adjustment of $611 thousand.

The revenue streams are definitely supported by strong operational execution, as reflected by the 1.09% Return on Average Assets (ROAA) achieved in the quarter, driven by that solid loan growth and expanded noninterest income. Finance: draft 13-week cash view by Friday.