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Segment Information
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s reportable segments are determined by the type of products and services offered and the level of information provided to the Company’s chief operating decision maker, who uses such information in evaluating revenue streams, significant expenses, and budget to actual results in assessing the performance of the Company’s segments and in the determination of allocation resources.

For the year ended December 31, 2025 and the last 7 months of 2024, the Company’s operations included two primary segments: core banking and wealth management services. For the first five months of 2024, the Company’s operations included three primary segments: core banking, wealth management services, and insurance operations. On June 1, 2024, the Company sold substantially all of the assets of its insurance operations and ceased insurance-related activities for the Company. As a result of the sale, insurance revenue and expenses reported within the accompanying financial statements reflect operations during the first five months of 2024. See Note 2 for additional information on this sale.
 
The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in the Company’s local markets by the Company’s banking subsidiary, German American Bank, which operated through 94 banking offices at December 31, 2025. Net interest income from loans and investments funded by deposits and borrowings is the primary revenue for the core-banking segment. The core banking segment also involves the sale of residential mortgage loans in the secondary market. The wealth management segment’s revenues are comprised primarily of fees generated by the wealth advisory and trust operations of the Company’s banking subsidiary and by German American Investment Services, Inc. These fees are derived by providing trust, investment advisory, brokerage and retirement planning services to its customers. The insurance segment offered a full range of personal and corporate property and casualty insurance products, primarily in the Company’s banking subsidiary’s local markets. Commissions derived from the sale of insurance products by GAI were the primary source of revenue for the insurance segment.
The following segment financial information has been derived from the internal financial statements of the Company which are used by management to monitor and manage financial performance. The accounting policies of the segments are the same as those of the Company. The evaluation process for segments does not include holding company income and expense. Holding company amounts are the primary differences between segment amounts and consolidated totals, and are reflected in the column labeled “Other” below.

Core
Banking
Wealth Management ServicesInsuranceOtherConsolidated
Totals
Year Ended December 31, 2025     
Interest and Fees on Loans$358,597 $ $ $ $358,597 
Interest on Securities and Other Short-term Investments61,050 354  509 61,913 
Net Gains on Sales of Loans4,510    4,510 
Wealth Management Fees5 16,803   16,808 
Insurance Revenues     
Reconciliation of Revenue:
Other Revenues45,994 
Elimination of Intercompany Revenues(421)
Total Consolidated Revenue487,401 
Less:
Interest on Deposits115,513    115,513 
Interest on FHLB Advances and Other Borrowings3,775   7,090 10,865 
Provision for Credit Losses19,425    19,425 
Salaries and Employee Benefits98,976 7,759  1,007 107,742 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense94,207 
Elimination of Intersegment Expenses(421)
Income before Income Taxes140,070 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes144,887 6,676  (11,493)140,070 
Segment Assets at December 31, 20258,363,150 18,703  6,927 8,388,780 
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments.
Core
Banking
Wealth Management ServicesInsuranceOtherConsolidated
Totals
Year Ended December 31, 2024     
Interest and Fees on Loans$240,241 $— $— $— $240,241 
Interest on Securities and Other Short-term Investments50,552 158 532 51,243 
Net Gains on Sales of Loans3,054    3,054 
Wealth Management Fees14,410 — — 14,416 
Insurance Revenues— 4,383 — 4,384 
Reconciliation of Revenue:
Other Revenues40,806 
Elimination of Intercompany Revenues(441)
Total Consolidated Revenue353,703 
Less:
Interest on Deposits91,063 — — — 91,063 
Interest on FHLB Advances and Other Borrowings3,656 — — 6,174 9,830 
Provision for Credit Losses2,775 — — — 2,775 
Salaries and Employee Benefits71,610 6,958 3,079 610 82,257 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense64,120 
Elimination of Intersegment Expenses(441)
Income before Income Taxes104,099 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes70,418 5,381 37,595 (9,295)104,099 
Segment Assets at December 31, 20246,340,396 13,544 — (58,030)6,295,910 
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments.
Core
Banking
Wealth Management ServicesInsuranceOtherConsolidated
Totals
Year Ended December 31, 2023     
Interest and Fees on Loans$212,517 $— $— $— $212,517 
Interest on Securities and Other Short-term Investments43,886 120 56 402 44,464 
Net Gains on Sales of Loans2,363 — — — 2,363 
Wealth Management Fees11,706 — — 11,711 
Insurance Revenues24 9,572 (1)9,596 
Reconciliation of Revenue:
Other Revenues36,591 
Elimination of Intercompany Revenues(325)
Total Consolidated Revenue316,917 
Less:
Interest on Deposits57,241 — — — 57,241 
Interest on FHLB Advances and Other Borrowings3,947 — — 5,360 9,307 
Provision for Credit Losses2,550 — — — 2,550 
Salaries and Employee Benefits70,355 6,240 6,114 535 83,244 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense61,253 
Elimination of Intersegment Expenses(325)
Income before Income Taxes103,647 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes103,735 3,669 2,238 (5,995)103,647 
Segment Assets at December 31, 20236,137,687 9,508 3,509 1,494 6,152,198 
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments.