XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and Due from Banks $ 70,418 $ 78,805
Federal Funds Sold and Other Short-term Investments 258,901 36,525
Cash and Cash Equivalents 329,319 115,330
Interest-bearing Time Deposits with Banks 500 500
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,649,299 for June 30, 2024; Amortized Cost $1,871,260 for December 31, 2023; No Allowance for Credit Losses) 1,373,812 1,596,832
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 15,419 5,226
Loans 4,044,268 3,977,900
Less: Unearned Income (7,141) (6,818)
Allowance for Credit Losses (43,946) (43,765)
Loans, Net 3,993,181 3,927,317
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 14,530 14,687
Premises, Furniture and Equipment, Net 105,651 106,776
Other Real Estate 33 0
Goodwill 179,025 180,357
Intangible Assets 5,070 6,307
Company Owned Life Insurance 86,392 85,840
Accrued Interest Receivable and Other Assets 113,638 112,673
TOTAL ASSETS 6,216,923 6,152,198
LIABILITIES    
Non-interest-bearing Demand Deposits 1,448,467 1,493,160
Interest-bearing Demand, Savings, and Money Market Accounts 2,984,571 2,992,761
Time Deposits 880,519 767,042
Total Deposits 5,313,557 5,252,963
FHLB Advances and Other Borrowings 166,644 193,937
Accrued Interest Payable and Other Liabilities 48,901 41,740
TOTAL LIABILITIES 5,529,102 5,488,640
SHAREHOLDERS’ EQUITY    
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized 29,679 29,585
Additional Paid-in Capital 390,755 389,411
Retained Earnings 485,256 461,622
Accumulated Other Comprehensive Income (Loss) (217,869) (217,060)
TOTAL SHAREHOLDERS’ EQUITY 687,821 663,558
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 6,216,923 $ 6,152,198
End of period shares issued (in shares) 29,679,248 29,584,709
End of period shares outstanding (in shares) 29,679,248 29,584,709