MWO 2019 Annual Report

“MidWest One has been there every step of the way as we have worked on our strategy and worked on the financing. The support from MidWest One has just been awesome for us. It is very much simply better banking.”

Susan Farber, MidWest One personal and commercial customer and member of the Eastern Iowa Advisory Board

Inside

To Our Shareholders

4 9

Board of Directors, Executive Officers, and Officers

Financial Highlights

10 11 12 13

Consolidated Balance Sheets

Consolidated Statements of Income

Consolidated Statements of Shareholders’ Equity

Share Price 13 Industry changes demand innovation, personalization 14 Rural banking leaders say challenges bring opportunity 16 Customers turn to a team of treasured advisors 20 Trust in the future of wealth management 22 Growing healthy in Johnson County: Veggie Rx 24 Four into one: Better together 26