MidWest One Financial Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net interest income was $13,904,000, income before income tax expense was $5,575,000 and net income was $3,907,000 against net interest income of $13,297,000, income before income tax expense of $6,006,000 and net income of $4,422,000 for the same period a year ago. Earnings per common share-diluted were $0.46 against $0.52 a year ago. Return on average assets was 0.86% against 1.00% a year ago. Return on average shareholders' equity was 8.10% against 9.87% a year ago. Return on average tangible equity was 8.66% against 10.64% a year ago. Adjusted net income was $3,996,000 against $4,529,000 a year ago.

For the full year, net interest income was $54,853,000, income before income tax expense was $25,553,000 and net income was $18,522,000 against net interest income of $53,962,000, income before income tax expense of $25,253,000 and net income of $18,607,000 for the same period a year ago. Earnings per common share-diluted were $2.19 against $2.18 a year ago. Book value per share was $23.07 against $20.99 a year ago. Tangible book value per share was $22.08 against $19.95 a year ago. Return on average assets was 1.05% against 1.06% a year ago. Return on average shareholders' equity was 9.94% against 10.59% a year ago. Return on average tangible equity was 10.61% against 11.43% a year ago. Adjusted net income was $18,878,000 against $19,038,000 a year ago.