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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and Due from Banks $ 47,173 $ 57,972
Federal Funds Sold and Other Short-term Investments 349,717 287,776
Cash and Cash Equivalents 396,890 345,748
Interest-bearing Time Deposits with Banks 745 1,241
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,869,198 for December 31, 2021; Amortized Cost $1,172,175 for December 31, 2020; No Allowance for Credit Losses) 1,889,617 1,217,852
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 10,585 16,904
Loans 3,007,926 3,091,998
Less:   Unearned Income (3,662) (3,926)
Allowance for Credit Losses (37,017) (46,859)
Loans, Net 2,967,247 3,041,213
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 13,048 13,168
Premises, Furniture and Equipment, Net 88,863 96,593
Other Real Estate 0 325
Goodwill 121,761 121,956
Intangible Assets 5,845 8,984
Company Owned Life Insurance 70,070 69,250
Accrued Interest Receivable and Other Assets 43,515 43,990
TOTAL ASSETS 5,608,539 4,977,577
LIABILITIES    
Non-interest-bearing Demand Deposits 1,529,223 1,183,442
Interest-bearing Demand, Savings, and Money Market Accounts 2,867,994 2,428,636
Time Deposits 347,099 494,452
Total Deposits 4,744,316 4,106,530
FHLB Advances and Other Borrowings 152,183 194,529
Accrued Interest Payable and Other Liabilities 43,581 51,809
TOTAL LIABILITIES 4,940,080 4,352,868
Commitments and Contingencies (See Note 14)
SHAREHOLDERS’ EQUITY    
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized 26,554 26,502
Additional Paid-in Capital 276,057 274,385
Retained Earnings 350,364 288,447
Accumulated Other Comprehensive Income 15,484 35,375
TOTAL SHAREHOLDERS’ EQUITY 668,459 624,709
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 5,608,539 $ 4,977,577
End of period shares issued (in shares) 26,553,508 26,502,157
End of period shares outstanding (in shares) 26,553,508 26,502,157