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Business Combinations, Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Business Combinations, Goodwill and Intangible Assets [Abstract]  
Schedule of Total Consideration Transferred and Fair Value of Identifiable Assets Acquired and Liabilities Assumed The following table summarizes the fair value of the total consideration transferred as a part of the CUB acquisition as well as the fair value of identifiable assets acquired and liabilities assumed as of the effective date of the transaction.
Consideration 
Cash for Options and Fractional Shares$942 
Cash Consideration49,863 
Equity Instruments111,914 
 
Fair Value of Total Consideration Transferred$162,719 
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Cash$20,244 
Federal Funds Sold and Other Short-term Investments238,325 
Interest-bearing Time Deposits with Banks250 
Securities102,233 
Loans678,142 
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost10,078 
Premises, Furniture & Equipment19,805 
Other Real Estate40 
Intangible Assets7,572 
Company Owned Life Insurance12,881 
Accrued Interest Receivable and Other Assets18,309 
Deposits - Non-interest Bearing(237,472)
Deposits - Interest Bearing(696,750)
FHLB Advances and Other Borrowings(60,837)
Accrued Interest Payable and Other Liabilities(8,697)
Total Identifiable Net Assets$104,123 
Goodwill$58,596 
Schedule of Unaudited Pro Forma Financial Information The following table presents unaudited pro forma information as if the acquisition had occurred on January 1, 2021 after giving effect to certain adjustments. The unaudited pro forma information for the year ended December 30, 2022 and 2021 includes adjustments for interest income on loans and securities acquired, amortization of intangibles arising from the transaction, interest expense on deposits and borrowings acquired, and the related income tax effects. The unaudited pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transaction been effected on the assumed date.
Unaudited Pro Forma
Year Ended 12/31/2022
Unaudited Pro Forma
Year Ended 12/31/2021
Net Interest Income$200,584 $195,691 
Non-interest Income59,133 64,951 
Total Revenue259,717 260,642 
Provision for Credit Losses50 (8,707)
Non-interest Expense141,868 142,978 
Income Before Income Taxes117,799 126,371 
Income Tax Expense21,858 24,260 
Net Income$95,941 $102,111 
Earnings Per Share and Diluted Earnings Per Share$3.26 $3.47 
Schedule of Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the periods ended December 31, 2022, 2021, and 2020, were classified as follows:
 202220212020
Beginning of Year$121,761 $121,956 $121,306 
Acquired Goodwill58,596 (195)650 
Impairment — — 
End of Year$180,357 $121,761 $121,956 
Schedule of Acquired Intangible Assets
Acquired Intangible Assets

Acquired intangible assets were as follows as of year end:
2022
 Gross AmountAccumulated Amortization
Core Banking  
Core Deposit Intangible$33,247 $(25,001)
Branch Acquisition Intangible257 (257)
Insurance
Customer List5,408 (5,378)
Total$38,912 $(30,636)
2021
 Gross AmountAccumulated Amortization
Core Banking  
Core Deposit Intangible$25,675 $(21,320)
Branch Acquisition Intangible257 (257)
Insurance
Customer List5,408 (5,348)
Total$31,340 $(26,925)
Schedule of Estimated Amortization Expense of Intangibles
Estimated amortization expense for each of the next five years is as follows:
2023$2,840 
20242,032 
20251,394 
2026916 
2027593