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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and Due from Banks $ 70,506 $ 77,174
Federal Funds Sold and Other Short-term Investments 9,789 41,905
Cash and Cash Equivalents 80,295 119,079
Interest-bearing Time Deposits with Banks 500 500
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,961,667 for March 31, 2023; Amortized Cost $2,094,826 for December 31, 2022; No Allowance for Credit Losses) 1,670,256 1,761,669
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 6,011 8,600
Loans 3,772,866 3,788,645
Less: Unearned Income (3,994) (3,711)
Allowance for Credit Losses (44,315) (44,168)
Loans, Net 3,724,557 3,740,766
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 14,957 15,037
Premises, Furniture and Equipment, Net 112,225 112,237
Other Real Estate 0 0
Goodwill 180,357 180,357
Intangible Assets 8,572 9,426
Company Owned Life Insurance 84,471 83,998
Accrued Interest Receivable and Other Assets 114,365 123,969
TOTAL ASSETS 5,996,919 6,155,991
LIABILITIES    
Non-interest-bearing Demand Deposits 1,601,206 1,691,804
Interest-bearing Demand, Savings, and Money Market Accounts 3,039,393 3,229,778
Time Deposits 514,296 428,469
Total Deposits 5,154,895 5,350,051
FHLB Advances and Other Borrowings 191,052 203,806
Accrued Interest Payable and Other Liabilities 45,641 43,741
TOTAL LIABILITIES 5,391,588 5,597,598
SHAREHOLDERS’ EQUITY    
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized 29,573 29,493
Additional Paid-in Capital 387,630 387,171
Retained Earnings 418,620 405,167
Accumulated Other Comprehensive Income (Loss) (230,492) (263,438)
TOTAL SHAREHOLDERS’ EQUITY 605,331 558,393
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 5,996,919 $ 6,155,991
End of period shares issued (in shares) 29,573,439 29,493,193
End of period shares outstanding (in shares) 29,573,439 29,493,193