v3.25.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME        
Interest and Fees on Loans $ 90,002 $ 59,230 $ 171,507 $ 117,056
Interest on Federal Funds Sold and Other Short-term Investments 3,932 2,383 6,148 2,682
Interest and Dividends on Securities:        
Taxable 9,139 5,225 18,260 10,077
Non-taxable 3,362 4,739 6,736 10,020
TOTAL INTEREST INCOME 106,435 71,577 202,651 139,835
INTEREST EXPENSE        
Interest on Deposits 30,635 23,385 57,663 44,374
Interest on FHLB Advances and Other Borrowings 2,645 2,221 5,261 4,496
TOTAL INTEREST EXPENSE 33,280 25,606 62,924 48,870
NET INTEREST INCOME 73,155 45,971 139,727 90,965
Provision for Credit Losses 1,200 625 16,500 1,525
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 71,955 45,346 123,227 89,440
NON-INTEREST INCOME        
Company Owned Life Insurance 703 525 1,278 966
Gain on Sale of Assets of German American Insurance 0 38,323 0 38,323
Other Operating Income 2,097 1,213 3,787 2,575
Net Gains on Sales of Loans 997 969 1,829 1,720
Net Gains (Losses) on Securities 0 (34,893) 0 (34,858)
TOTAL NON-INTEREST INCOME 16,733 18,923 31,573 34,745
NON-INTEREST EXPENSE        
Salaries and Employee Benefits 26,638 20,957 54,678 42,135
Occupancy Expense, Furniture and Equipment Expense 4,751 3,487 9,414 7,291
FDIC Premiums 888 710 1,788 1,439
Data Processing Fees 4,086 3,019 9,581 5,830
Professional Fees 2,112 3,462 6,296 5,057
Advertising and Promotion 1,300 909 2,754 2,047
Intangible Amortization 2,803 532 4,873 1,110
Other Operating Expenses 6,939 4,598 12,915 9,503
TOTAL NON-INTEREST EXPENSE 49,517 37,674 102,299 74,412
Income before Income Taxes 39,171 26,595 52,501 49,773
Income Tax Expense 7,810 6,065 10,623 10,221
NET INCOME $ 31,361 $ 20,530 $ 41,878 $ 39,552
Basic earnings per share (in dollars per share) $ 0.84 $ 0.69 $ 1.16 $ 1.33
Diluted earnings per share (in dollars per share) $ 0.84 $ 0.69 $ 1.16 $ 1.33
Wealth Management Fees        
NON-INTEREST INCOME        
Non-interest income $ 4,165 $ 3,783 $ 8,001 $ 7,149
Service Charges on Deposit Accounts        
NON-INTEREST INCOME        
Non-interest income 3,714 3,093 7,200 5,995
Insurance Revenues        
NON-INTEREST INCOME        
Non-interest income 0 1,506 0 4,384
Interchange Fee Income        
NON-INTEREST INCOME        
Non-interest income $ 5,057 $ 4,404 $ 9,478 $ 8,491