Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Wersen Robert D
2. Issuer Name and Ticker or Trading Symbol
MidWestOne Financial Group, Inc. [MOFG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

102 SOUTH CLINTON STREET
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2009
(Street)


IOWA CITY, IA 52240
4. If Amendment, Date Original Filed(Month/Day/Year)
01/22/2010
6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 12/31/2009(2)   A 55 (3) A $ 0 7,983 (4) D  
Common Stock 12/31/2009(2)   L 213 A $ (6) 3,062 (5) I By IRA

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 8.16             (1) 04/27/2010 Common Stock
1,945
  1,945
D
 
Stock Option $ 10.28             (1) 04/26/2011 Common Stock
1,557
  1,557
D
 
Stock Option $ 14.59             (1) 04/30/2012 Common Stock
1,151
  1,151
D
 
Stock Option $ 16.85             (1) 04/30/2013 Common Stock
1,375
  1,375
D
 
Stock Option $ 19.5             (1) 04/30/2014 Common Stock
1,310
  1,310
D
 
Stock Option $ 18.49             (1) 04/29/2015 Common Stock
1,147
  1,147
D
 
Stock Option $ 20.08             (1) 04/28/2016 Common Stock
950
  950
D
 
Stock Option $ 18.06             (1) 04/26/2017 Common Stock
950
  950
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Wersen Robert D
102 SOUTH CLINTON STREET
IOWA CITY, IA 52240
  X      

Signatures

Kenneth R. Urmie, under Power of Attorney dated 01/22/2009 03/08/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Fully vested.
(2) This report is for the year as accrued on the same dates as cash dividends were paid on the underlying stock.
(3) These RSU shares represent the dividend equivalent that would have been paid on the number of shares of unvested restricted stock units (RSUs) awarded, plus prior dividend equivalents accruing on such RSUs. All such dividend equivalents credited will be treated as RSUs. As RSUs, these dividend equivalents are subject to vesting, forfeiture and termination in accordance with the terms of the original awards
(4) The reporting person has increased the balance of shares held in this classification by 1,500 shares to reflect the correction (decrease) to the number of shares owned by the IRA classification below.
(5) On March 3, 2009, the reporting person inadvertantly reported the purchase of 1,500 shares by the IRA. Since the shares were actually purchased in a personal, non-IRA account, the reporting person has reduced the balance of this classification by 1,500 shares while increasing the Direct ownership classification by 1,500 shares to correct the reporting mis-classification.
(6) Shares were acquired through dividend reinvestments in a brokerage account at various prices at fair market value throughout the 2009 reporting year.

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