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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and Due from Banks $ 77,174 $ 47,173
Federal Funds Sold and Other Short-term Investments 41,905 349,717
Cash and Cash Equivalents 119,079 396,890
Interest-bearing Time Deposits with Banks 500 745
Securities Available-for-Sale, at Fair Value (Amortized Cost $2,094,826 for December 31, 2022; Amortized Cost $1,869,198 for December 31, 2021; No Allowance for Credit Losses) 1,761,669 1,889,617
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 8,600 10,585
Loans 3,788,645 3,007,926
Less:   Unearned Income (3,711) (3,662)
Allowance for Credit Losses (44,168) (37,017)
Loans, Net 3,740,766 2,967,247
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 15,037 13,048
Premises, Furniture and Equipment, Net 112,237 88,863
Other Real Estate 0 0
Goodwill 180,357 121,761
Intangible Assets 9,426 5,845
Company Owned Life Insurance 83,998 70,070
Accrued Interest Receivable and Other Assets 123,969 43,515
TOTAL ASSETS 6,155,991 5,608,539
LIABILITIES    
Non-interest-bearing Demand Deposits 1,691,804 1,529,223
Interest-bearing Demand, Savings, and Money Market Accounts 3,229,778 2,867,994
Time Deposits 428,469 347,099
Total Deposits 5,350,051 4,744,316
FHLB Advances and Other Borrowings 203,806 152,183
Accrued Interest Payable and Other Liabilities 43,741 43,581
TOTAL LIABILITIES 5,597,598 4,940,080
Commitments and Contingencies (See Note 14)
SHAREHOLDERS’ EQUITY    
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized 29,493 26,554
Additional Paid-in Capital 387,171 276,057
Retained Earnings 405,167 350,364
Accumulated Other Comprehensive Income (Loss) (263,438) 15,484
TOTAL SHAREHOLDERS’ EQUITY 558,393 668,459
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 6,155,991 $ 5,608,539
End of period shares issued (in shares) 29,493,193 26,553,508
End of period shares outstanding (in shares) 29,493,193 26,553,508