XML 20 R3.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and Due from Banks $ 71,428 $ 69,249
Federal Funds Sold and Other Short-term Investments 46,954 119,543
Cash and Cash Equivalents 118,382 188,792
Interest-bearing Time Deposits with Banks 500 500
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,865,732 for December 31, 2025; Amortized Cost $1,796,040 for December 31, 2024; No Allowance for Credit Losses) 1,657,394 1,517,287
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 7,817 8,239
Loans 5,884,448 4,133,267
Less:   Unearned Income (9,351) (8,365)
Allowance for Credit Losses (77,694) (44,436)
Loans, Net 5,797,403 4,080,466
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 17,688 14,423
Premises, Furniture and Equipment, Net 139,001 104,045
Other Real Estate 68 0
Goodwill 375,470 179,025
Intangible Assets 33,790 4,018
Company Owned Life Insurance 109,585 86,710
Accrued Interest Receivable and Other Assets 131,329 112,052
TOTAL ASSETS 8,388,780 6,295,910
LIABILITIES    
Non-interest-bearing Demand Deposits 1,944,831 1,399,270
Interest-bearing Demand, Savings, and Money Market Accounts 3,755,374 3,013,204
Time Deposits 1,289,537 916,601
Total Deposits 6,989,742 5,329,075
FHLB Advances and Other Borrowings 182,683 210,131
Accrued Interest Payable and Other Liabilities 54,030 41,637
TOTAL LIABILITIES 7,226,455 5,580,843
Commitments and Contingencies (See Note 15)
SHAREHOLDERS’ EQUITY    
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized 37,496 29,677
Additional Paid-in Capital 706,818 392,266
Retained Earnings 582,945 513,588
Accumulated Other Comprehensive Income (Loss) (164,934) (220,464)
TOTAL SHAREHOLDERS’ EQUITY 1,162,325 715,067
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 8,388,780 $ 6,295,910
End of period shares issued (in shares) 37,495,679 29,677,093
End of period shares outstanding (in shares) 37,495,679 29,677,093