Segment Information

3 Months Ended

Mar. 31, 2026

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. The Company's chief operating decision maker is comprised of its Chairman and Chief

Executive Officer and its President and Chief Financial Officer. The Company’s operations included two primary segments: core banking and wealth management services.

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. 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 following segment financial information was 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 two 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, along with amounts to eliminate transactions between segments.

	Core Banking		Wealth Management Services		Other		Consolidated Totals
Three Months Ended March 31, 2026
Interest and Fees on Loans	$	92,273	$	—	$	—	$	92,273
Interest on Securities and Other Short-term Investments	13,318		96		98		13,512
Net Gains on Sales of Loans	1,483		—		—		1,483
Wealth Management Fees	1		4,508		—		4,509
Reconciliation of Revenue:
Other Revenues							11,234
Elimination of Intercompany Revenues							(77)
Total Consolidated Revenue							122,934
Less:
Interest on Deposits	24,775		—		—		24,775
Interest on FHLB Advances and Other Borrowings	1,426		—		733		2,159
Provision for Credit Losses	2,000		—		—		2,000
Salaries and Employee Benefits	26,096		2,053		163		28,312
Reconciliation of Income before Income Taxes:
Other Non-interest Expense							24,056
Elimination of Intersegment Expenses							(77)
Income before Income Taxes							41,709
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes	41,772		1,733		(1,796)		41,709
Segment Assets at March 31, 2026	8,356,483		20,146		5,829		8,382,458

(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments.

	Core Banking		Wealth Management Services		Other		Consolidated Totals
Three Months Ended March 31, 2025
Interest and Fees on Loans	$	81,505	$	—	$	—	$	81,505
Interest on Securities and Other Short-term Investments	14,623		66		135		14,824
Net Gains on Sales of Loans	933		—		—		933
Wealth Management Fees	1		3,835		—		3,836
Reconciliation of Revenue:
Other Revenues							10,071
Elimination of Intercompany Revenues							(113)
Total Consolidated Revenue							111,056
Less:
Interest on Deposits	27,141		—		—		27,141
Interest on FHLB Advances and Other Borrowings	897		—		1,719		2,616
Provision for Credit Losses	15,300		—		—		15,300
Salaries and Employee Benefits	25,897		1,887		256		28,040
Reconciliation of Income before Income Taxes:
Other Non-interest Expense							24,742
Elimination of Intersegment Expenses							(113)
Income before Income Taxes							13,330
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes	16,811		1,410		(4,891)		13,330
Segment Assets at December 31, 2025	8,363,150		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.