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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 112,635 $ 83,811 $ 85,888
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:      
Net Amortization on Securities (1,685) 2,161 5,566
Depreciation and Amortization 18,714 9,277 9,560
Loans Originated for Sale (171,177) (134,521) (106,781)
Proceeds from Sales of Loans Held-for-Sale 176,327 134,589 112,525
Provision for Credit Losses 19,425 2,775 2,550
Gain on Sale of Loans, net (4,510) (3,054) (2,363)
Loss (Gain) on Securities, net 0 34,788 (40)
Gain on Sales of Other Real Estate and Repossessed Assets 31 (37) (83)
Loss (Gain) on Disposition and Donation of Premises and Equipment (36) 11 (547)
Gain on Debt Extinguishment (692) 0 0
Loss (Gain) on Disposition of Land (45) 0 (83)
Increase in Cash Surrender Value of Company Owned Life Insurance (2,215) (870) (1,842)
Equity Based Compensation 2,874 2,947 2,332
Sale of Assets of German American Insurance 0 (36,507) 0
Change in Assets and Liabilities:      
Interest Receivable and Other Assets 7,392 1,748 3,725
Interest Payable and Other Liabilities 2,278 (1,354) (3,173)
Net Cash from Operating Activities 159,316 95,764 107,234
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from Maturities, Calls and Redemptions of Securities Available-for-Sale 565,795 356,471 287,084
Proceeds from Sales of Securities Available-for-Sale 206,875 404,103 114,259
Purchase of Securities Available-for-Sale (620,316) (722,304) (183,302)
Proceeds from Redemption of Federal Home Loan Bank Stock 3,727 264 350
Purchase of Loans 0 0 (1,502)
Proceeds from Sales of Loans Held for Investment 2,391 0 0
Loans Made to Customers, net of Payments Received (236,185) (155,957) (187,624)
Proceeds from Sales of Other Real Estate 17 70 108
Property and Equipment Expenditures (5,315) (5,047) (5,745)
Proceeds from Sale of Land and Building 75 0 3,627
Proceeds from Sale of German American Insurance Assets 0 40,000 0
Acquisition of Heartland Bancorp 22,665 0 0
Net Cash from Investing Activities (60,271) (82,400) 27,255
CASH FLOWS FROM FINANCING ACTIVITIES      
Change in Deposits (69,762) 76,205 (96,782)
Change in Short-term Borrowings (16,937) (9,105) (35,193)
Advances in Long-term Debt 25,000 75,000 25,000
Repayments of Long-term Debt (64,478) (50,157) (132)
Dividends Paid (43,278) (31,845) (29,433)
Net Cash from Financing Activities (169,455) 60,098 (136,540)
Net Change in Cash and Cash Equivalents (70,410) 73,462 (2,051)
Cash and Cash Equivalents at Beginning of Year 188,792 115,330 117,381
Cash and Cash Equivalents at End of Year 118,382 188,792 115,330
Cash Paid During the Year for      
Interest 124,182 99,057 60,663
Income Taxes 18,925 17,823 15,375
Supplemental Non Cash Disclosures      
Loans Transferred to Other Real Estate 116 0 0
Reclass of Land & Buildings to Other Assets 0 0 691
Interest Rate Swap Fair Value Activity $ (2,294) $ (992) $ (2,282)