v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and Due from Banks $ 99,871 $ 69,249
Federal Funds Sold and Other Short-term Investments 100,277 119,543
Cash and Cash Equivalents 200,148 188,792
Interest-bearing Time Deposits with Banks 500 500
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,834,215 for June 30, 2025; Amortized Cost $1,796,040 for December 31, 2024; No Allowance for Credit Losses) 1,571,852 1,517,287
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 13,880 8,239
Loans 5,748,360 4,133,267
Less: Unearned Income (8,932) (8,365)
Allowance for Credit Losses (75,510) (44,436)
Loans, Net 5,663,918 4,080,466
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 17,966 14,423
Premises, Furniture and Equipment, Net 139,435 104,045
Other Real Estate 48 0
Goodwill 377,976 179,025
Intangible Assets 39,183 4,018
Company Owned Life Insurance 108,292 86,710
Accrued Interest Receivable and Other Assets 146,591 112,052
TOTAL ASSETS 8,280,142 6,295,910
LIABILITIES    
Non-interest-bearing Demand Deposits 1,896,737 1,399,270
Interest-bearing Demand, Savings, and Money Market Accounts 3,728,031 3,013,204
Time Deposits 1,329,918 916,601
Total Deposits 6,954,686 5,329,075
FHLB Advances and Other Borrowings 202,033 210,131
Accrued Interest Payable and Other Liabilities 53,919 41,637
TOTAL LIABILITIES 7,210,638 5,580,843
SHAREHOLDERS’ EQUITY    
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized 37,493 29,677
Additional Paid-in Capital 705,737 392,266
Retained Earnings 533,834 513,588
Accumulated Other Comprehensive Income (Loss) (207,560) (220,464)
TOTAL SHAREHOLDERS’ EQUITY 1,069,504 715,067
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 8,280,142 $ 6,295,910
End of period shares issued (in shares) 37,492,814 29,677,093
End of period shares outstanding (in shares) 37,492,814 29,677,093