MidWestOne reports higher profit for fourth quarter, lower for full year Monday, February 8, 2021 3:31 PM Corridor Business Journal: MidWestOne Financial Group Inc. reported net profit for the fourth quarter of 2020 of $16.7 million. That compares with a net loss of $19.8 million in the third quarter and a profit of $13.4 million in 2019’s fourth quarter. Net income for the full year of 2020 was $6.6 million, or 41 cents per diluted common share, down from $43.6 million, or $2.93 per share, for all of 2019.