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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and Due from Banks $ 72,063 $ 77,174
Federal Funds Sold and Other Short-term Investments 60,356 41,905
Cash and Cash Equivalents 132,419 119,079
Interest-bearing Time Deposits with Banks 500 500
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,891,435 for September 30, 2023; Amortized Cost $2,094,826 for December 31, 2022; No Allowance for Credit Losses) 1,476,956 1,761,669
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 7,085 8,600
Loans 3,893,573 3,788,645
Less: Unearned Income (6,023) (3,711)
Allowance for Credit Losses (44,646) (44,168)
Loans, Net 3,842,904 3,740,766
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 14,763 15,037
Premises, Furniture and Equipment, Net 111,252 112,237
Other Real Estate 24 0
Goodwill 180,357 180,357
Intangible Assets 7,016 9,426
Company Owned Life Insurance 85,372 83,998
Accrued Interest Receivable and Other Assets 146,665 123,969
TOTAL ASSETS 6,005,666 6,155,991
LIABILITIES    
Non-interest-bearing Demand Deposits 1,502,175 1,691,804
Interest-bearing Demand, Savings, and Money Market Accounts 2,932,180 3,229,778
Time Deposits 701,516 428,469
Total Deposits 5,135,871 5,350,051
FHLB Advances and Other Borrowings 286,193 203,806
Accrued Interest Payable and Other Liabilities 45,210 43,741
TOTAL LIABILITIES 5,467,274 5,597,598
SHAREHOLDERS’ EQUITY    
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized 29,575 29,493
Additional Paid-in Capital 388,955 387,171
Retained Earnings 447,475 405,167
Accumulated Other Comprehensive Income (Loss) (327,613) (263,438)
TOTAL SHAREHOLDERS’ EQUITY 538,392 558,393
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 6,005,666 $ 6,155,991
End of period shares issued (in shares) 29,575,451 29,493,193
End of period shares outstanding (in shares) 29,575,451 29,493,193