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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST INCOME      
Interest and Fees on Loans $ 240,241 $ 212,517 $ 169,158
Interest on Federal Funds Sold and Other Short-term Investments 7,697 1,677 5,765
Interest and Dividends on Securities:      
Taxable 26,586 20,614 20,453
Non-taxable 16,519 21,848 23,550
TOTAL INTEREST INCOME 291,043 256,656 218,926
INTEREST EXPENSE      
Interest on Deposits 90,622 56,916 13,514
Interest on FHLB Advances and Other Borrowings 9,830 9,307 4,828
TOTAL INTEREST EXPENSE 100,452 66,223 18,342
NET INTEREST INCOME 190,591 190,433 200,584
Provision for Credit Losses 2,775 2,550 6,350
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 187,816 187,883 194,234
NON-INTEREST INCOME      
Company Owned Life Insurance 2,058 1,731 2,264
Sale of Assets of German American Insurance 38,323 0 0
Other Operating Income 5,419 5,830 5,116
Net Gains on Sales of Loans 3,054 2,363 3,818
Net Gains (Losses) on Securities (34,788) 40 562
TOTAL NON-INTEREST INCOME 62,660 60,261 59,133
NON-INTEREST EXPENSE      
Salaries and Employee Benefits 82,257 83,244 84,145
Occupancy, Furniture and Equipment Expense 14,944 14,467 14,921
FDIC Premiums 2,908 2,829 1,860
Data Processing Fees 12,243 11,112 15,406
Professional Fees 8,147 5,575 6,295
Advertising and Promotion 3,939 4,857 4,416
Intangible Amortization 2,032 2,840 3,711
Other Operating Expenses 19,907 19,573 23,437
TOTAL NON-INTEREST EXPENSE 146,377 144,497 154,191
Income before Income Taxes 104,099 103,647 99,176
Income Tax Expense 20,288 17,759 17,351
NET INCOME $ 83,811 $ 85,888 $ 81,825
Basic earnings per share (in dollars per share) $ 2.83 $ 2.91 $ 2.78
Diluted earnings per share (in dollars per share) $ 2.83 $ 2.91 $ 2.78
Wealth Management Fees      
NON-INTEREST INCOME      
Non-interest Income $ 14,416 $ 11,711 $ 10,076
Service Charges on Deposit Accounts      
NON-INTEREST INCOME      
Non-interest Income 12,669 11,538 11,457
Insurance Revenues      
NON-INTEREST INCOME      
Non-interest Income 4,384 9,596 10,020
Interchange Fee Income      
NON-INTEREST INCOME      
Non-interest Income $ 17,125 $ 17,452 $ 15,820