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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and Due from Banks $ 77,652 $ 78,805
Federal Funds Sold and Other Short-term Investments 117,903 36,525
Cash and Cash Equivalents 195,555 115,330
Interest-bearing Time Deposits with Banks 500 500
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,769,174 for September 30, 2024; Amortized Cost $1,871,260 for December 31, 2023; No Allowance for Credit Losses) 1,547,994 1,596,832
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 9,173 5,226
Loans 4,069,355 3,977,900
Less: Unearned Income (8,206) (6,818)
Allowance for Credit Losses (44,124) (43,765)
Loans, Net 4,017,025 3,927,317
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 14,488 14,687
Premises, Furniture and Equipment, Net 105,419 106,776
Other Real Estate 0 0
Goodwill 179,025 180,357
Intangible Assets 4,523 6,307
Company Owned Life Insurance 86,880 85,840
Accrued Interest Receivable and Other Assets 99,972 112,673
TOTAL ASSETS 6,260,907 6,152,198
LIABILITIES    
Non-interest-bearing Demand Deposits 1,406,405 1,493,160
Interest-bearing Demand, Savings, and Money Market Accounts 2,955,306 2,992,761
Time Deposits 909,568 767,042
Total Deposits 5,271,279 5,252,963
FHLB Advances and Other Borrowings 204,153 193,937
Accrued Interest Payable and Other Liabilities 40,912 41,740
TOTAL LIABILITIES 5,516,344 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 391,583 389,411
Retained Earnings 498,340 461,622
Accumulated Other Comprehensive Income (Loss) (175,039) (217,060)
TOTAL SHAREHOLDERS’ EQUITY 744,563 663,558
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 6,260,907 $ 6,152,198
End of period shares issued (in shares) 29,679,466 29,584,709
End of period shares outstanding (in shares) 29,679,466 29,584,709