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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and Due from Banks $ 78,805 $ 75,476
Federal Funds Sold and Other Short-term Investments 36,525 41,905
Cash and Cash Equivalents 115,330 117,381
Interest-bearing Time Deposits with Banks 500 500
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,871,260 for December 31, 2023; Amortized Cost $2,094,826 for December 31, 2022; No Allowance for Credit Losses) 1,596,832 1,761,669
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 5,226 8,600
Loans 3,977,900 3,788,645
Less:   Unearned Income (6,818) (3,711)
Allowance for Credit Losses (43,765) (44,168)
Loans, Net 3,927,317 3,740,766
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 14,687 15,037
Premises, Furniture and Equipment, Net 106,776 112,237
Other Real Estate 0 0
Goodwill 180,357 180,357
Intangible Assets 6,307 9,426
Company Owned Life Insurance 85,840 83,998
Accrued Interest Receivable and Other Assets 112,673 125,667
TOTAL ASSETS 6,152,198 6,155,991
LIABILITIES    
Non-interest-bearing Demand Deposits 1,493,160 1,691,804
Interest-bearing Demand, Savings, and Money Market Accounts 2,992,761 3,229,778
Time Deposits 767,042 428,469
Total Deposits 5,252,963 5,350,051
FHLB Advances and Other Borrowings 193,937 203,806
Accrued Interest Payable and Other Liabilities 41,740 43,741
TOTAL LIABILITIES 5,488,640 5,597,598
Commitments and Contingencies (See Note 14)
SHAREHOLDERS’ EQUITY    
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized 29,585 29,493
Additional Paid-in Capital 389,411 387,171
Retained Earnings 461,622 405,167
Accumulated Other Comprehensive Income (Loss) (217,060) (263,438)
TOTAL SHAREHOLDERS’ EQUITY 663,558 558,393
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 6,152,198 $ 6,155,991
End of period shares issued (in shares) 29,584,709 29,493,193
End of period shares outstanding (in shares) 29,584,709 29,493,193