XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and Due from Banks $ 52,839 $ 78,805
Federal Funds Sold and Other Short-term Investments 70,631 36,525
Cash and Cash Equivalents 123,470 115,330
Interest-bearing Time Deposits with Banks 500 500
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,838,911 for March 31, 2024; Amortized Cost $1,871,260 for December 31, 2023; No Allowance for Credit Losses) 1,539,270 1,596,832
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 10,325 5,226
Loans 3,978,919 3,977,900
Less: Unearned Income (7,009) (6,818)
Allowance for Credit Losses (43,754) (43,765)
Loans, Net 3,928,156 3,927,317
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 14,630 14,687
Premises, Furniture and Equipment, Net 106,030 106,776
Other Real Estate 0 0
Goodwill 180,357 180,357
Intangible Assets 5,665 6,307
Company Owned Life Insurance 86,294 85,840
Accrued Interest Receivable and Other Assets 116,879 112,673
TOTAL ASSETS 6,111,929 6,152,198
LIABILITIES    
Non-interest-bearing Demand Deposits 1,463,933 1,493,160
Interest-bearing Demand, Savings, and Money Market Accounts 2,918,459 2,992,761
Time Deposits 836,955 767,042
Total Deposits 5,219,347 5,252,963
FHLB Advances and Other Borrowings 191,810 193,937
Accrued Interest Payable and Other Liabilities 45,518 41,740
TOTAL LIABILITIES 5,456,675 5,488,640
SHAREHOLDERS’ EQUITY    
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized 29,669 29,585
Additional Paid-in Capital 389,851 389,411
Retained Earnings 472,689 461,622
Accumulated Other Comprehensive Income (Loss) (236,955) (217,060)
TOTAL SHAREHOLDERS’ EQUITY 655,254 663,558
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 6,111,929 $ 6,152,198
End of period shares issued (in shares) 29,669,019 29,584,709
End of period shares outstanding (in shares) 29,669,019 29,584,709