Parent Company Financial Statements

12 Months Ended

Dec. 31, 2012

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 16 – Parent Company Financial Statements

The condensed financial statements of German American Bancorp, Inc. are presented below:

CONDENSED BALANCE SHEETS

	December 31,
	2012		2011
ASSETS
Cash	$	29,499	$	21,822
Securities Available-for-Sale, at Fair Value		733		684
Investment in Subsidiary Bank		184,093		176,707
Investment in Non-banking Subsidiaries		4,064		2,980
Other Assets		6,245		5,357
Total Assets	$	224,634	$	207,550
LIABILITIES
Borrowings	$	35,624	$	36,974
Other Liabilities		3,984		2,966
Total Liabilities		39,608		39,940
SHAREHOLDERS’ EQUITY
Common Stock		12,637		12,594
Additional Paid-in Capital		95,617		95,039
Retained Earnings		66,421		49,434
Accumulated Other Comprehensive Income		10,351		10,543
Total Shareholders’ Equity		185,026		167,610
Total Liabilities and Shareholders’ Equity	$	224,634	$	207,550

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

	Years Ended December 31,
	2012			2011			2010
INCOME
Dividends from Subsidiaries
Bank	$	17,500		$	22,500		$	14,000
Non-bank		—			1,350			—
Interest Income		50			38			30
Net Gain (Loss) on Securities		—			935			—
Other Income		70			71			76
Total Income		17,620			24,894			14,106
EXPENSES
Salaries and Employee Benefits		458			444			420
Professional Fees		352			379			842
Occupancy and Equipment Expense		7			8			8
Interest Expense		2,221			2,239			1,878
Other Expenses		359			357			281
Total Expenses		3,397			3,427			3,429
INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES		14,223			21,467			10,677
Income Tax Benefit		1,338			1,364			1,178
INCOME BEFORE EQUITY IN UNDISTRIBUTED
INCOME OF SUBSIDIARIES		15,561			22,831			11,855
Equity in Undistributed (Excess Distributed) Income of Subsidiaries		8,494			(2,582	)		1,550
NET INCOME		24,055			20,249			13,405
Other Comprehensive Income:
Changes in Unrealized Gain (Loss) on Securities, Available-for-Sale		(124	)		5,677			474
Changes in Unrecognized Amounts in Pension, Net		(47	)		4			(13	)
Changes in Unrecognized Loss on Postretirement Benefit Obligation, Net		(21	)		(38	)		(176	)
TOTAL COMPREHENSIVE INCOME	$	23,863		$	25,892		$	13,690

CONDENSED STATEMENTS OF CASH FLOWS

	Years Ended December 31,
	2012			2011			2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	24,055		$	20,249		$	13,405
Adjustments to Reconcile Net Income to Net Cash from Operations
Loss (Gain) on Securities, Net		—			(935	)		—
Change in Other Assets		33			3,656			(1,995	)
Change in Other Liabilities		240			(2,179	)		612
Equity Based Compensation		628			635			405
Excess Tax Benefit from Restricted Share Grant		(23	)		(37	)		(99	)
Equity in Excess Distributed (Undistributed) Income of Subsidiaries		(8,494	)		2,582			(1,550	)
Net Cash from Operating Activities		16,439			23,971			10,778
CASH FLOWS FROM INVESTING ACTIVITIES
Capital Contribution to Subsidiaries		(150	)		—			—
Proceeds from Sales, Redemptions of Securities Available-for-Sale		—			—			400
Acquire Banking Entities		—			(1,995	)		—
Net Cash from Investing Activities		(150	)		(1,995	)		400
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of Long-term Debt		(1,500	)		(1,500	)		(1,500	)
Income Tax Benefit from Restricted Share Grant		23			37			99
Employee Stock Purchase Plan		(67	)		(25	)		(30	)
Dividends Paid		(7,068	)		(7,047	)		(6,214	)
Net Cash from Financing Activities		(8,612	)		(8,535	)		(7,645	)
Net Change in Cash and Cash Equivalents		7,677			13,441			3,533
Cash and Cash Equivalents at Beginning of Year		21,822			8,381			4,848
Cash and Cash Equivalents at End of Year	$	29,499		$	21,822		$	8,381