Parent Company Financial Statements

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Financial Statements

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	$	29499	$	21822
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