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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and Due from Banks $ 78,223 $ 77,174
Federal Funds Sold and Other Short-term Investments 62,448 41,905
Cash and Cash Equivalents 140,671 119,079
Interest-bearing Time Deposits with Banks 500 500
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,915,401 for June 30, 2023; Amortized Cost $2,094,826 for December 31, 2022; No Allowance for Credit Losses) 1,600,709 1,761,669
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 8,239 8,600
Loans 3,830,481 3,788,645
Less: Unearned Income (4,472) (3,711)
Allowance for Credit Losses (44,266) (44,168)
Loans, Net 3,781,743 3,740,766
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 14,856 15,037
Premises, Furniture and Equipment, Net 112,629 112,237
Other Real Estate 0 0
Goodwill 180,357 180,357
Intangible Assets 7,773 9,426
Company Owned Life Insurance 84,926 83,998
Accrued Interest Receivable and Other Assets 120,513 123,969
TOTAL ASSETS 6,053,269 6,155,991
LIABILITIES    
Non-interest-bearing Demand Deposits 1,540,564 1,691,804
Interest-bearing Demand, Savings, and Money Market Accounts 3,056,396 3,229,778
Time Deposits 582,745 428,469
Total Deposits 5,179,705 5,350,051
FHLB Advances and Other Borrowings 227,484 203,806
Accrued Interest Payable and Other Liabilities 43,515 43,741
TOTAL LIABILITIES 5,450,704 5,597,598
SHAREHOLDERS’ EQUITY    
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized 29,573 29,493
Additional Paid-in Capital 388,460 387,171
Retained Earnings 433,384 405,167
Accumulated Other Comprehensive Income (Loss) (248,852) (263,438)
TOTAL SHAREHOLDERS’ EQUITY 602,565 558,393
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 6,053,269 $ 6,155,991
End of period shares issued (in shares) 29,572,783 29,493,193
End of period shares outstanding (in shares) 29,572,783 29,493,193