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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and Due from Banks $ 69,249 $ 78,805
Federal Funds Sold and Other Short-term Investments 119,543 36,525
Cash and Cash Equivalents 188,792 115,330
Interest-bearing Time Deposits with Banks 500 500
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,796,040 for December 31, 2024; Amortized Cost $1,871,260 for December 31, 2023; No Allowance for Credit Losses) 1,517,287 1,596,832
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 8,239 5,226
Loans 4,133,267 3,977,900
Less:   Unearned Income (8,365) (6,818)
Allowance for Credit Losses (44,436) (43,765)
Loans, Net 4,080,466 3,927,317
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 14,423 14,687
Premises, Furniture and Equipment, Net 104,045 106,776
Other Real Estate 0 0
Goodwill 179,025 180,357
Intangible Assets 4,018 6,307
Company Owned Life Insurance 86,710 85,840
Accrued Interest Receivable and Other Assets 112,052 112,673
TOTAL ASSETS 6,295,910 6,152,198
LIABILITIES    
Non-interest-bearing Demand Deposits 1,399,270 1,493,160
Interest-bearing Demand, Savings, and Money Market Accounts 3,013,204 2,992,761
Time Deposits 916,601 767,042
Total Deposits 5,329,075 5,252,963
FHLB Advances and Other Borrowings 210,131 193,937
Accrued Interest Payable and Other Liabilities 41,637 41,740
TOTAL LIABILITIES 5,580,843 5,488,640
Commitments and Contingencies (See Note 15)
SHAREHOLDERS’ EQUITY    
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized 29,677 29,585
Additional Paid-in Capital 392,266 389,411
Retained Earnings 513,588 461,622
Accumulated Other Comprehensive Income (Loss) (220,464) (217,060)
TOTAL SHAREHOLDERS’ EQUITY 715,067 663,558
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 6,295,910 $ 6,152,198
End of period shares issued (in shares) 29,677,093 29,584,709
End of period shares outstanding (in shares) 29,677,093 29,584,709