v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 41,878 $ 39,552
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities (892) 2,724
Depreciation and Amortization 8,550 4,665
Loans Originated for Sale (73,416) (67,025)
Proceeds from Sales of Loans Held-for-Sale 70,161 58,375
Provision for Credit Losses 16,500 1,525
Gain on Sale of Loans, Net (1,829) (1,720)
(Gain) Loss on Securities, Net 0 34,858
Loss (Gain) on Disposition and Donation of Premises and Equipment (45) (20)
Increase in Cash Surrender Value of Company Owned Life Insurance (922) (552)
Equity Based Compensation 1,280 1,438
Gain on Sale of Assets of German American Insurance, Net 0 (36,507)
Change in Assets and Liabilities:    
Interest Receivable and Other Assets 2,013 (1,836)
Interest Payable and Other Liabilities 1,566 7,085
Net Cash from Operating Activities 64,844 42,562
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturities, Calls, and Redemptions of Securities Available-for-Sale 266,786 148,069
Proceeds from Sales of Securities Available-for-Sale 205,376 226,367
Purchase of Securities Available-for-Sale (289,086) (190,057)
Proceeds from Redemption of Federal Home Loan Bank Stock 3,449 157
Proceeds from Sale of Loans Held for Investment 18,443 0
Loans Made to Customers, Net of Payments Received (115,164) (67,422)
Property and Equipment Expenditures (2,004) (2,909)
Proceeds from Sales of Land and Buildings 75 0
Proceeds from Sale of German American Insurance Assets 0 40,000
Acquisition of Heartland Bancorp. 22,665 0
Net Cash from Investing Activities 110,540 154,205
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits (104,815) 60,661
Change in Short-term Borrowings (37,500) (27,446)
Advances in Long-term Debt 0 50,000
Repayments of Long-term Debt (81) (50,075)
Dividends Paid (21,632) (15,918)
Net Cash from Financing Activities (164,028) 17,222
Net Change in Cash and Cash Equivalents 11,356 213,989
Cash and Cash Equivalents at Beginning of Year 188,792 115,330
Cash and Cash Equivalents at End of Period 200,148 329,319
Cash Paid During the Period for    
Interest 62,844 46,426
Income Taxes 10,900 9,360
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate 48 0
Interest Rate Swap Fair Value Adjustment $ (1,259) $ 350