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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Governance
Pay Versus Performance
Year
​ ​
Summary
compensation
table total
for PEO(1)
($)
​ ​
Compensation
actually paid
to PEO(2)
($)
​ ​
Average
summary
compensation
table total
for non-PEO
named
executive
officers(1)
($)
​ ​
Average
compensation
actually paid
to non-PEO
named
executive
officers(2)
($)
​ ​
Value of initial fixed
$100 investment
based on:
​ ​
Net income(5)
($ Thousands)
​ ​
3-Year
Average
Growth in
Adjusted
Earnings
per Share(6)
​
​
Total
shareholder
return(3)
($)
​ ​
Peer group
total
shareholder
return(4)
($)
​
(a)
​ ​
(b)
​ ​
(c)
​ ​
(d)
​ ​
(e)
​ ​
(f)
​ ​
(g)
​ ​
(h)
​ ​
(i)
​
2023
​ ​ ​ ​ 1,418,115 ​ ​ ​ ​ ​ 1,344,065 ​ ​ ​ ​ ​ 687,175 ​ ​ ​ ​ ​ 637,832 ​ ​ ​ ​ ​ 100.86 ​ ​ ​ ​ ​ 102.59 ​ ​ ​ ​ $ 85,888 ​ ​ ​ ​ ​ 9% ​ ​
2022
​ ​ ​ ​ 1,374,051 ​ ​ ​ ​ ​ 1,196,188 ​ ​ ​ ​ ​ 689,558 ​ ​ ​ ​ ​ 624,348 ​ ​ ​ ​ ​ 112.33 ​ ​ ​ ​ ​ 110.78 ​ ​ ​ ​ $ 81,825 ​ ​ ​ ​ ​ 13% ​ ​
2021
​ ​ ​ ​ 1,626,579 ​ ​ ​ ​ ​ 1,518,365 ​ ​ ​ ​ ​ 801,437 ​ ​ ​ ​ ​ 726,260 ​ ​ ​ ​ ​ 114.58 ​ ​ ​ ​ ​ 129.96 ​ ​ ​ ​ $ 84,137 ​ ​ ​ ​ ​ 18% ​ ​
2020
​ ​ ​ ​ 1,370,874 ​ ​ ​ ​ ​ 1,122,181 ​ ​ ​ ​ ​ 626,800 ​ ​ ​ ​ ​ 526,384 ​ ​ ​ ​ ​ 95.22 ​ ​ ​ ​ ​ 92.90 ​ ​ ​ ​ $ 62,210 ​ ​ ​ ​ ​ 10% ​ ​
​
(1)
Amounts represent “Summary Compensation Table” totals for our principal executive officers (“PEOs”) and the average “Summary Compensation Table” totals for our remaining NEOs for the relevant fiscal year, which includes the individuals indicated in the table below for each fiscal year:
​
Year
​ ​
PEO
​ ​
Non-PEO NEOS
​
2023 ​ ​ D. Neil Dauby ​ ​ Bradley M. Rust, Keith A. Leinenbach, Michael F. Beckwith, Amy D. Jackson and Clay M. Barrett ​
2022 ​ ​ D. Neil Dauby ​ ​ Bradley M. Rust, Randall L. Braun, Keith A. Leinenbach, Amy D. Jackson and Clay M. Barrett ​
2021 ​ ​ Mark A. Schroeder ​ ​ D. Neil Dauby, Bradley M. Rust, Randall L. Braun and Keith A. Leinenbach ​
2020 ​ ​ Mark A. Schroeder ​ ​ D. Neil Dauby, Clay W. Ewing, Bradley M. Rust, Randall L. Braun and Keith A. Leinenbach ​
(2)
Amounts represent compensation actually paid to our PEOs and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table in footnote (1) above.
​
The table below provides the adjustments to the Summary Compensation Table (“SCT”) total compensation made to arrive at the compensation actually paid for the PEO and the average for Non-PEO NEOs:
Description
​ ​
Fiscal Year (“FY”) 2023
​ ​
FY 2022
​ ​
FY 2021
​ ​
FY 2020
​
​
PEO
($)
​ ​
Average for
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Average for
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Average for
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Average for
Non-PEO
NEOs
($)
​
Deduct the amounts reported in
the SCT for “stock awards”
(column (e)) and “option awards”
(column (f))
​ ​ ​ ​ (423,754) ​ ​ ​ ​ ​ (169,846) ​ ​ ​ ​ ​ (403,122) ​ ​ ​ ​ ​ (168,145) ​ ​ ​ ​ ​ (421,906) ​ ​ ​ ​ ​ (187,585) ​ ​ ​ ​ ​ (358,801) ​ ​ ​ ​ ​ (141,882) ​ ​
Add the fair value (“FV”) as of the
end of the applicable FY of all
awards granted during such FY
that are outstanding and unvested
as of the end of the FY
​ ​ ​ ​ 384,609 ​ ​ ​ ​ ​ 138,611 ​ ​ ​ ​ ​ 227,679 ​ ​ ​ ​ ​ 106,946 ​ ​ ​ ​ ​ 286,776 ​ ​ ​ ​ ​ 105,899 ​ ​ ​ ​ ​ 116,742 ​ ​ ​ ​ ​ 46,736 ​ ​
Add/Deduct the change as of the end
of the applicable FY (from the end
of the prior FY) in FV of any
awards granted in any prior FY
that are outstanding and unvested
as of the end of such FY
​ ​ ​ ​ (24,792) ​ ​ ​ ​ ​ (8,905) ​ ​ ​ ​ ​ (3,367) ​ ​ ​ ​ ​ (1,908) ​ ​ ​ ​ ​ 10,390 ​ ​ ​ ​ ​ 3,725 ​ ​ ​ ​ ​ (1,796) ​ ​ ​ ​ ​ (744) ​ ​
Add, for awards that are granted and
vest in the same year, the FV as of
the vesting date
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Add/Deduct the change as of the
vesting date (from the end of the
prior FY) in FV of any awards
granted in any prior FY for which
all applicable vesting conditions
were satisfied at the end of or
during the applicable FY
​ ​ ​ ​ (10,113) ​ ​ ​ ​ ​ (6,434) ​ ​ ​ ​ ​ 947 ​ ​ ​ ​ ​ 557 ​ ​ ​ ​ ​ 16,526 ​ ​ ​ ​ ​ 5,979 ​ ​ ​ ​ ​ (4,838) ​ ​ ​ ​ ​ (1,994) ​ ​
Subtract, for any awards granted in
any prior FY that fail to meet the
applicable vesting conditions
during the applicable FY, the
amount equal to the FV at the end
of the prior FY
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Add any dividends or other earnings
paid on stock or option awards in
the applicable FY prior to the
vesting date that are not otherwise
included in the total compensation
for such FY
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Deduct aggregate change in the Actuarial Present Values reported under the “Change in Pension Value” Column of the SCT
​ ​ ​ ​ — ​ ​ ​ ​ ​ (2,769) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (2,660) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3,195) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (2,532) ​ ​
Add, for all pension plans reported in
the SCT, the aggregate of Service
Cost and Prior Service Cost
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Total
​ ​ ​ ​ (74,050) ​ ​ ​ ​ ​ (49,343) ​ ​ ​ ​ ​ (177,863) ​ ​ ​ ​ ​ (65,210) ​ ​ ​ ​ ​ (108,214) ​ ​ ​ ​ ​ (75,177) ​ ​ ​ ​ ​ (248,693) ​ ​ ​ ​ ​ (100,416) ​ ​
(3)
For the relevant fiscal year, represents the cumulative total shareholder return (“TSR”) of German American Bancorp, Inc. for the measurement periods ending on December 31 of each of 2023, 2022, 2021, and 2020, respectively.
​
(4)
For the relevant fiscal year, represents the cumulative TSR of the S&P Regional Banks Select Industry Index (“Peer Group TSR”) for the measurement periods ending on December 31 of each of 2023, 2022, 2021, and 2020, respectively.
​
(5)
Reflects “Net Income” in the company’s Consolidated Income Statements included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2023, 2022, 2021 and 2020.
​
(6)
The Company-Selected Measure is 3-Year Average Growth in Adjusted Earnings per Share. This measure is the average of the Company’s annual growth in adjusted EPS for each year in the 3-year period ending with the listed fiscal year. Adjusted EPS is a non-GAAP measure. For 2022, the Company’s annual GAAP net income (which is the basis for EPS) was adjusted to eliminate the after-tax impact of certain non-recurring expenses resulting from its merger with CUB, which the Company and its Board of Directors consider as being unrepresentative of the Company’s core operating performance.
​
      
Company Selected Measure Name 3-Year Average Growth in Adjusted Earnings per Share      
Named Executive Officers, Footnote
(1)
Amounts represent “Summary Compensation Table” totals for our principal executive officers (“PEOs”) and the average “Summary Compensation Table” totals for our remaining NEOs for the relevant fiscal year, which includes the individuals indicated in the table below for each fiscal year:
​
Year
​ ​
PEO
​ ​
Non-PEO NEOS
​
2023 ​ ​ D. Neil Dauby ​ ​ Bradley M. Rust, Keith A. Leinenbach, Michael F. Beckwith, Amy D. Jackson and Clay M. Barrett ​
2022 ​ ​ D. Neil Dauby ​ ​ Bradley M. Rust, Randall L. Braun, Keith A. Leinenbach, Amy D. Jackson and Clay M. Barrett ​
2021 ​ ​ Mark A. Schroeder ​ ​ D. Neil Dauby, Bradley M. Rust, Randall L. Braun and Keith A. Leinenbach ​
2020 ​ ​ Mark A. Schroeder ​ ​ D. Neil Dauby, Clay W. Ewing, Bradley M. Rust, Randall L. Braun and Keith A. Leinenbach ​
     
Peer Group Issuers, Footnote
(3)
For the relevant fiscal year, represents the cumulative total shareholder return (“TSR”) of German American Bancorp, Inc. for the measurement periods ending on December 31 of each of 2023, 2022, 2021, and 2020, respectively.
​
(4)
For the relevant fiscal year, represents the cumulative TSR of the S&P Regional Banks Select Industry Index (“Peer Group TSR”) for the measurement periods ending on December 31 of each of 2023, 2022, 2021, and 2020, respectively.
     
PEO Total Compensation Amount $ 1,418,115 $ 1,374,051 $ 1,626,579 $ 1,370,874
PEO Actually Paid Compensation Amount $ 1,344,065 1,196,188 1,518,365 1,122,181
Adjustment To PEO Compensation, Footnote
(2)
Amounts represent compensation actually paid to our PEOs and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table in footnote (1) above.
​
The table below provides the adjustments to the Summary Compensation Table (“SCT”) total compensation made to arrive at the compensation actually paid for the PEO and the average for Non-PEO NEOs:
Description
​ ​
Fiscal Year (“FY”) 2023
​ ​
FY 2022
​ ​
FY 2021
​ ​
FY 2020
​
​
PEO
($)
​ ​
Average for
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Average for
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Average for
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Average for
Non-PEO
NEOs
($)
​
Deduct the amounts reported in
the SCT for “stock awards”
(column (e)) and “option awards”
(column (f))
​ ​ ​ ​ (423,754) ​ ​ ​ ​ ​ (169,846) ​ ​ ​ ​ ​ (403,122) ​ ​ ​ ​ ​ (168,145) ​ ​ ​ ​ ​ (421,906) ​ ​ ​ ​ ​ (187,585) ​ ​ ​ ​ ​ (358,801) ​ ​ ​ ​ ​ (141,882) ​ ​
Add the fair value (“FV”) as of the
end of the applicable FY of all
awards granted during such FY
that are outstanding and unvested
as of the end of the FY
​ ​ ​ ​ 384,609 ​ ​ ​ ​ ​ 138,611 ​ ​ ​ ​ ​ 227,679 ​ ​ ​ ​ ​ 106,946 ​ ​ ​ ​ ​ 286,776 ​ ​ ​ ​ ​ 105,899 ​ ​ ​ ​ ​ 116,742 ​ ​ ​ ​ ​ 46,736 ​ ​
Add/Deduct the change as of the end
of the applicable FY (from the end
of the prior FY) in FV of any
awards granted in any prior FY
that are outstanding and unvested
as of the end of such FY
​ ​ ​ ​ (24,792) ​ ​ ​ ​ ​ (8,905) ​ ​ ​ ​ ​ (3,367) ​ ​ ​ ​ ​ (1,908) ​ ​ ​ ​ ​ 10,390 ​ ​ ​ ​ ​ 3,725 ​ ​ ​ ​ ​ (1,796) ​ ​ ​ ​ ​ (744) ​ ​
Add, for awards that are granted and
vest in the same year, the FV as of
the vesting date
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Add/Deduct the change as of the
vesting date (from the end of the
prior FY) in FV of any awards
granted in any prior FY for which
all applicable vesting conditions
were satisfied at the end of or
during the applicable FY
​ ​ ​ ​ (10,113) ​ ​ ​ ​ ​ (6,434) ​ ​ ​ ​ ​ 947 ​ ​ ​ ​ ​ 557 ​ ​ ​ ​ ​ 16,526 ​ ​ ​ ​ ​ 5,979 ​ ​ ​ ​ ​ (4,838) ​ ​ ​ ​ ​ (1,994) ​ ​
Subtract, for any awards granted in
any prior FY that fail to meet the
applicable vesting conditions
during the applicable FY, the
amount equal to the FV at the end
of the prior FY
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Add any dividends or other earnings
paid on stock or option awards in
the applicable FY prior to the
vesting date that are not otherwise
included in the total compensation
for such FY
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Deduct aggregate change in the Actuarial Present Values reported under the “Change in Pension Value” Column of the SCT
​ ​ ​ ​ — ​ ​ ​ ​ ​ (2,769) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (2,660) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3,195) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (2,532) ​ ​
Add, for all pension plans reported in
the SCT, the aggregate of Service
Cost and Prior Service Cost
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Total
​ ​ ​ ​ (74,050) ​ ​ ​ ​ ​ (49,343) ​ ​ ​ ​ ​ (177,863) ​ ​ ​ ​ ​ (65,210) ​ ​ ​ ​ ​ (108,214) ​ ​ ​ ​ ​ (75,177) ​ ​ ​ ​ ​ (248,693) ​ ​ ​ ​ ​ (100,416) ​ ​
     
Non-PEO NEO Average Total Compensation Amount $ 687,175 689,558 801,437 626,800
Non-PEO NEO Average Compensation Actually Paid Amount $ 637,832 624,348 726,260 526,384
Adjustment to Non-PEO NEO Compensation Footnote
(2)
Amounts represent compensation actually paid to our PEOs and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table in footnote (1) above.
​
The table below provides the adjustments to the Summary Compensation Table (“SCT”) total compensation made to arrive at the compensation actually paid for the PEO and the average for Non-PEO NEOs:
Description
​ ​
Fiscal Year (“FY”) 2023
​ ​
FY 2022
​ ​
FY 2021
​ ​
FY 2020
​
​
PEO
($)
​ ​
Average for
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Average for
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Average for
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Average for
Non-PEO
NEOs
($)
​
Deduct the amounts reported in
the SCT for “stock awards”
(column (e)) and “option awards”
(column (f))
​ ​ ​ ​ (423,754) ​ ​ ​ ​ ​ (169,846) ​ ​ ​ ​ ​ (403,122) ​ ​ ​ ​ ​ (168,145) ​ ​ ​ ​ ​ (421,906) ​ ​ ​ ​ ​ (187,585) ​ ​ ​ ​ ​ (358,801) ​ ​ ​ ​ ​ (141,882) ​ ​
Add the fair value (“FV”) as of the
end of the applicable FY of all
awards granted during such FY
that are outstanding and unvested
as of the end of the FY
​ ​ ​ ​ 384,609 ​ ​ ​ ​ ​ 138,611 ​ ​ ​ ​ ​ 227,679 ​ ​ ​ ​ ​ 106,946 ​ ​ ​ ​ ​ 286,776 ​ ​ ​ ​ ​ 105,899 ​ ​ ​ ​ ​ 116,742 ​ ​ ​ ​ ​ 46,736 ​ ​
Add/Deduct the change as of the end
of the applicable FY (from the end
of the prior FY) in FV of any
awards granted in any prior FY
that are outstanding and unvested
as of the end of such FY
​ ​ ​ ​ (24,792) ​ ​ ​ ​ ​ (8,905) ​ ​ ​ ​ ​ (3,367) ​ ​ ​ ​ ​ (1,908) ​ ​ ​ ​ ​ 10,390 ​ ​ ​ ​ ​ 3,725 ​ ​ ​ ​ ​ (1,796) ​ ​ ​ ​ ​ (744) ​ ​
Add, for awards that are granted and
vest in the same year, the FV as of
the vesting date
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Add/Deduct the change as of the
vesting date (from the end of the
prior FY) in FV of any awards
granted in any prior FY for which
all applicable vesting conditions
were satisfied at the end of or
during the applicable FY
​ ​ ​ ​ (10,113) ​ ​ ​ ​ ​ (6,434) ​ ​ ​ ​ ​ 947 ​ ​ ​ ​ ​ 557 ​ ​ ​ ​ ​ 16,526 ​ ​ ​ ​ ​ 5,979 ​ ​ ​ ​ ​ (4,838) ​ ​ ​ ​ ​ (1,994) ​ ​
Subtract, for any awards granted in
any prior FY that fail to meet the
applicable vesting conditions
during the applicable FY, the
amount equal to the FV at the end
of the prior FY
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Add any dividends or other earnings
paid on stock or option awards in
the applicable FY prior to the
vesting date that are not otherwise
included in the total compensation
for such FY
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Deduct aggregate change in the Actuarial Present Values reported under the “Change in Pension Value” Column of the SCT
​ ​ ​ ​ — ​ ​ ​ ​ ​ (2,769) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (2,660) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3,195) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (2,532) ​ ​
Add, for all pension plans reported in
the SCT, the aggregate of Service
Cost and Prior Service Cost
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Total
​ ​ ​ ​ (74,050) ​ ​ ​ ​ ​ (49,343) ​ ​ ​ ​ ​ (177,863) ​ ​ ​ ​ ​ (65,210) ​ ​ ​ ​ ​ (108,214) ​ ​ ​ ​ ​ (75,177) ​ ​ ​ ​ ​ (248,693) ​ ​ ​ ​ ​ (100,416) ​ ​
     
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between PEO and Non-PEO NEOs Compensation Actually Paid and Company Total Shareholder Return
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our other NEOs, and the Company’s cumulative TSR over the four most recently completed fiscal years.
[MISSING IMAGE: bc_peopaidvstsr-bw.jpg]
     
Compensation Actually Paid vs. Net Income
Relationship Between PEO and Non-PEO NEOs Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our other NEOs, and our net income during the four most recently completed fiscal years.
[MISSING IMAGE: bc_peopaidvsnetincome-bw.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
Relationship Between PEO and Non-PEO NEOs Compensation Actually Paid and 3-Year Average Growth in Adjusted Earnings per Share
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our other NEOs, and our 3-Year Average Growth in Adjusted Earnings per Share during each of the four most recently completed fiscal years.
[MISSING IMAGE: bc_peopaidvseps-bw.jpg]
     
Total Shareholder Return Vs Peer Group
Relationship Between Company TSR and Peer Group TSR
The following chart compares our cumulative TSR over the four most recently completed fiscal years to that of the S&P Regional Banks Select Industry Index over the same period.
[MISSING IMAGE: lc_companypeergrouptsr-bw.jpg]
     
Tabular List, Table
Tabular List of Important Financial Measures
The most important financial performance measures used by the Company in 2023 to set the compensation for its PEO (i.e., our Chairman and Chief Executive Officer), and all of its non-PEO Named Executive Officers are listed below:
•
3-Year Average Growth in Adjusted Earnings per Share.
​
•
3-Year Average Adjusted Return on Average Equity.
​
•
3-Year Average Adjusted Return on Average Assets.
​
•
Net Income.
     
Total Shareholder Return Amount $ 100.86 112.33 114.58 95.22
Peer Group Total Shareholder Return Amount 102.59 110.78 129.96 92.9
Net Income (Loss) $ 85,888,000 $ 81,825,000 $ 84,137,000 $ 62,210,000
Company Selected Measure Amount 9 13 18 10
PEO Name D. Neil Dauby D. Neil Dauby Mark A. Schroeder Mark A. Schroeder
Measure:: 1        
Pay vs Performance Disclosure        
Name 3-Year Average Growth in Adjusted Earnings per Share      
Non-GAAP Measure Description
(6)
The Company-Selected Measure is 3-Year Average Growth in Adjusted Earnings per Share. This measure is the average of the Company’s annual growth in adjusted EPS for each year in the 3-year period ending with the listed fiscal year. Adjusted EPS is a non-GAAP measure. For 2022, the Company’s annual GAAP net income (which is the basis for EPS) was adjusted to eliminate the after-tax impact of certain non-recurring expenses resulting from its merger with CUB, which the Company and its Board of Directors consider as being unrepresentative of the Company’s core operating performance.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name 3-Year Average Adjusted Return on Average Equity.      
Measure:: 3        
Pay vs Performance Disclosure        
Name 3-Year Average Adjusted Return on Average Assets      
Measure:: 4        
Pay vs Performance Disclosure        
Name Net Income      
PEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (74,050) $ (177,863) $ (108,214) $ (248,693)
PEO | Stock Awards & Stock Options [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (423,754) (403,122) (421,906) (358,801)
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted As Of The End Of The FY [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 384,609 227,679 286,776 116,742
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (24,792) (3,367) 10,390 (1,796)
PEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (10,113) 947 16,526 (4,838)
PEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Change In Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (49,343) (65,210) (75,177) (100,416)
Non-PEO NEO | Stock Awards & Stock Options [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (169,846) (168,145) (187,585) (141,882)
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted As Of The End Of The FY [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 138,611 106,946 105,899 46,736
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (8,905) (1,908) 3,725 (744)
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (6,434) 557 5,979 (1,994)
Non-PEO NEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Change In Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,769 2,660 3,195 2,532
Non-PEO NEO | Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount