FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

May 1, 2003
(Date of Report)
((Date of earliest event reported))

GERMAN AMERICAN BANCORP
(Exact name of registrant as specified in its charter)

Indiana
(State or other jurisdiction of incorporation)

0-11244
(Commission File Number)

35-1547518
(IRS Employer Identification Number)

711 Main Street
Box 810
Jasper, Indiana
(Address of principal executive offices)

47546
(Zip Code)

Registrant’s telephone number, including area code (812) 482-1314

Item 7. Financial Statements and Exhibits.

(c) Exhibits

99 Press release issued May 1, 2003.

Item 9. Regulation FD Disclosure.

On May 1, 2003, German American Bancorp (the “Company”), issued a press release announcing its results for the quarter ended March 31, 2003. A copy of the press release is filed herewith as Exhibit 99 and incorporated herein by reference.

The information under this caption is intended to be furnished by the Company under Item 12 of Form 8-K but is placed under Item 9 instead of Item 12 in accordance with the interim guidance provided by the Securities and Exchange Commission in Release No. 33-8216 issued March 27, 2003. The information contained in this Item 9 or incorporated by reference herein (whether or not furnished pursuant to Item 12) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GERMAN AMERICAN BANCORP

By: /s/ Mark A. Schroeder

Mark A. Schroeder, President and
Chief Executive Officer

Dated: May 2, 2003

March 31, 2003 2002 ASSETS Cash and Due from Banks......................... $ 29,088 $ 22,545 Short-term Investments.......................... 27,661 55,100 Investment Securities........................... 233,697 227,200 Loans Held-for-Sale............................. 9,418 6,013 Loans, Net of Unearned Income .................. 598,706 637,563 Allowance for Loan Losses....................... (8,428) (8,307) ------------ ------------ Net Loans ................................... 590,278 629,256 Premises and Equipment.......................... 22,419 20,271 Other Assets.................................... 25,706 26,657 ------------ ------------ TOTAL ASSETS.................................... $ 938,267 $ 987,042 ============ ============ LIABILITIES Non-interest-bearing Demand Deposits............ $ 100,685 $ 93,976 Interest-bearing Demand, Savings, and Money Market Accounts........................ 244,332 240,340 Time Deposits ‹ $100,000........................ 301,545 324,844 Time Deposits $100,000 or more and Brokered Deposits........................... 57,369 51,429 ------------ ------------ Total Deposits .............................. 703,931 710,589 Borrowings...................................... 138,339 165,201 Other Liabilities............................... 12,494 10,015 ------------ ------------ TOTAL LIABILITIES................................ 854,764 885,805 ------------ ------------ SHAREHOLDERS' EQUITY Common Stock and Surplus........................ 69,280 81,865 Retained Earnings............................... 12,706 18,944 Accumulated Other Comprehensive Income (Loss)... 1,517 428 ------------ ------------ TOTAL SHAREHOLDERS' EQUITY........................... 83,503 101,237 ------------ ------------ TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY............................... $ 938,267 $ 987,042 ============ ============ BOOK VALUE PER SHARE ............................... $ 8.02 $ 8.81 (1) END OF PERIOD SHARES OUTSTANDING..................... 10,416,025 10,944,188 (2)

Three Months Ended March 31, 2003 2002 INTEREST INCOME Interest and Fees on Loans........................ $ 10,888 $ 12,584 Interest on Short-term Investments................ 56 303 Interest on Investment Securities................. 2,505 2,574 ------------ ------------ TOTAL INTEREST INCOME.............................. 13,449 15,461 ------------ ------------ INTEREST EXPENSE Interest on Deposits.............................. 3,764 4,966 Interest on Borrowings............................ 1,900 2,461 ------------ ------------ TOTAL INTEREST EXPENSE............................. 5,664 7,427 ------------ ------------ Net Interest Income............................... 7,785 8,034 Provision for Loan Losses......................... (36) 248 ------------ ------------ Net Interest Income after Provision for Loan Losses....................... 7,821 7,786 ------------ ------------ NON-INTEREST INCOME Other Operating Income............................ 1,973 2,060 Net Gain on Sales of Loans and Related Assets..... 537 381 Net Gain on Sales of Securities................... 23 --- ------------ ------------ TOTAL NON-INTEREST INCOME.......................... 2,533 2,441 ------------ ------------ NON-INTEREST EXPENSE Salaries and Benefits............................. 4,422 4,445 Other Operating Expenses.......................... 2,901 2,653 ------------ ------------ TOTAL NON-INTEREST EXPENSE........................ 7,323 7,098 ------------ ------------ Income before Income Taxes........................ 3,031 3,129 Income Tax Expense................................ 593 611 ------------ ------------ NET INCOME........................................... $ 2,438 $ 2,518 ============ ============ EARNINGS PER SHARE AND DILUTED EARNINGS PER SHARE.................... $ 0.21 $ 0.22 (1) ============ ============ WEIGHTED AVERAGE SHARES OUTSTANDING: Basic ............................................ 11,349,481 11,539,500 (1) Diluted .......................................... 11,392,910 11,564,169 (1)