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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 76,952 $ 60,600
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net (Accretion) Amortization on Securities (1,289) 2,527
Depreciation and Amortization 13,714 6,961
Loans Originated for Sale (125,252) (101,914)
Proceeds from Sales of Loans Held-for-Sale 127,450 100,297
Provision for Credit Losses 17,200 2,150
Gain on Sale of Loans, Net (3,401) (2,424)
(Gain) Loss on Securities, Net 0 34,788
Gain on Sales of Other Real Estate and Repossessed Assets 0 (37)
Gain on Debt Extinguishment (975) 0
Loss on Disposition and Donation of Premises and Equipment 37 15
Gain on Disposition of Land (45) 0
Increase in Cash Surrender Value of Company Owned Life Insurance (1,564) (1,040)
Equity Based Compensation 2,067 2,266
Gain on Sale of Assets of German American Insurance, Net 0 (36,507)
Change in Assets and Liabilities:    
Interest Receivable and Other Assets 6,939 2,340
Interest Payable and Other Liabilities 4,814 (2,951)
Net Cash from Operating Activities 116,647 67,071
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturities, Calls, and Redemptions of Securities Available-for-Sale 428,953 218,477
Proceeds from Sales of Securities Available-for-Sale 205,876 402,105
Purchase of Securities Available-for-Sale (465,603) (555,810)
Proceeds from Redemption of Federal Home Loan Bank Stock 3,559 199
Proceeds from Sale of Loans Held for Investment 2,391 0
Loans Made to Customers, Net of Payments Received (138,937) (91,891)
Proceeds from Sales of Other Real Estate 0 70
Property and Equipment Expenditures (3,662) (4,391)
Proceeds from Sales of Land and Buildings 75 0
Proceeds from Sale of German American Insurance Assets 0 40,000
Acquisition of Heartland Bancorp. 22,665 0
Net Cash from Investing Activities 55,317 8,759
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits (44,969) 18,403
Change in Short-term Borrowings (28,513) (15,012)
Advances in Long-term Debt 25,000 75,000
Repayments of Long-term Debt (24,172) (50,114)
Dividends Paid (32,454) (23,882)
Net Cash from Financing Activities (105,108) 4,395
Net Change in Cash and Cash Equivalents 66,856 80,225
Cash and Cash Equivalents at Beginning of Year 188,792 115,330
Cash and Cash Equivalents at End of Period 255,648 195,555
Cash Paid During the Period for    
Interest 92,881 73,727
Income Taxes 14,815 17,870
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate 48 0
Interest Rate Swap Fair Value Adjustment $ (1,659) $ (1,600)