MidWestOne Financial Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported, total interest income of $32,460,000, net interest income of $26,361,000, net interest income after provision for loan losses of $25,411,000, income before income tax expense of $8,584,000, net income of $6,778,000, compared to total interest income of $30,361,000, net interest income of $26,492,000, net interest income after provision for loan losses of $22,108,000, income before income tax expense of $8,280,000, net income of $6,342,000, for the same period a year ago. Diluted earnings per share were $0.55 against $0.52 a year ago. Return on average assets-annualized was 0.83% against 0.81% a year ago. Return on average equity-annualized was 7.72% against 7.29% a year ago. Return on average tangible equity-annualized was 10.45% against 10.06% a year ago. Book value per share was $28.57 against $28.36 a year ago. Tangible book value per share was $22.50 against $22.20 a year ago.

For the year to date, the company reported, total interest income of $95,425,000, net interest income of $79,255,000, net interest income after provision for loan losses of $75,205,000, income before income tax expense of $28,648,000, net income of $22,727,000, compared to total interest income of $88,782,000, net interest income of $77,764,000, net interest income after provision for loan losses of $71,099,000, income before income tax expense of $27,892,000, net income of $20,289,000, for the same period a year ago. Diluted earnings per share were $1.86 against $1.69 a year ago. Return on average assets-annualized was 0.94% against 0.88% a year ago. Return on average equity-annualized was 8.84% against 8.20% a year ago. Return on average tangible equity-annualized was 12.00% against 11.47% a year ago. Book value per share was $28.57 against $28.36 a year ago. Tangible book value per share was $22.50 against $22.20 a year ago.

Net charge-offs of $472,000 against $384,000 a year ago.

The company is assuming a federal income tax rate of 21% for 2018.