Midland States Bancorp, Inc. reported internal control effective again after a material weakness
Material weakness in internal control→Internal control reported effective
The weakness was first reported on
2025-07-01 —
244 days and
1 annual report
before this one.
Furthermore, management instituted internal controls over the completeness and accuracy of loan data related to activities performed by third-party service organizations that perform core lending functions for the Company, including reconciliation and system interface control activities. As of December 31, 2025, based on management's assessment, the Company's internal control over financial reporting were effective. The effectiveness of the Company’s internal control over financial reporting as of December 31…
Evidence
Current state
effective
Current state label
Internal control reported effective
Direction
remediated
Prior filed
2025-07-01
Prior form
10-K
Prior state
material_weakness
Prior state label
Material weakness in internal control
Remediation stated
Yes
Severity
normal
Source
Item 9A internal control conclusion, compared with the prior filing
Weakness annual reports
1
Weakness days reported
244
Weakness first reported
2025-07-01
Why
The company's conclusion on internal control over financial reporting changed: a material weakness was newly reported, or a previously reported one no longer appears.