Are Mid-Year Reports Just a Formality?

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I have a question about mid-year reports. I've already been accepted to one school, which is requesting a mid-year report. There's another college that I haven't gotten into yet (I won't hear until April 1) and they also want one. And then I got deferred from a school that's also requesting the mid-year. So basically I have to send it for three different situations. My grades in the fall were not amazing (they weren't terrible but they weren't as good as the grades I applied with) so will this impact any of these decisions or is it just a paperwork formality?

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