v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
 
The Company’s reportable segments are determined by the type of products and services offered and the level of information provided to the Company’s chief operating decision maker, who uses such information in evaluating revenue streams, significant expenses, and budget to actual results in assessing the performance of the Company’s segments and in the determination of allocation resources. The Company's chief operating decision maker is comprised of its Chairman and Chief
Executive Officer and its President and Chief Financial Officer. The Company’s operations include two primary segments: core banking and wealth management services.

The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in the Company’s local markets by the Company’s banking subsidiary, German American Bank. Net interest income from loans and investments funded by deposits and borrowings is the primary revenue for the core banking segment. The core banking segment also involves the sale of residential mortgage loans in the secondary market. The wealth management segment’s revenues are comprised primarily of fees generated by the wealth advisory and trust operations of the Company’s banking subsidiary and by German American Investment Services, Inc. These fees are derived by providing trust, investment advisory, brokerage and retirement planning services to its customers.

The following segment financial information was derived from the internal financial statements of the Company which are used by management to monitor and manage financial performance. The accounting policies of the two segments are the same as those of the Company. The evaluation process for segments does not include holding company income and expense. Holding company amounts are the primary differences between segment amounts and consolidated totals, and are reflected in the column labeled “Other” below, along with amounts to eliminate transactions between segments.

Core
Banking		Wealth Management ServicesOtherConsolidated
Totals
Three Months Ended June 30, 2026
Interest and Fees on Loans$93,513 $— $— $93,513 
Interest on Securities and Other Short-term Investments14,535 114 104 14,753 
Net Gains on Sales of Loans1,549 — — 1,549 
Wealth Management Fees1 5,009 — 5,010 
Reconciliation of Revenue:
Other Revenues12,187 
Elimination of Intercompany Revenues(84)
Total Consolidated Revenue126,928 
Less:
Interest on Deposits25,260 — — 25,260 
Interest on FHLB Advances and Other Borrowings1,062 — 736 1,798 
Provision for Credit Losses1,500 — — 1,500 
Salaries and Employee Benefits24,669 2,332 141 27,142 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense23,240 
Elimination of Intersegment Expenses(84)
Income before Income Taxes$48,072 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes$47,786 $2,068 $(1,782)$48,072 
Segment Assets at June 30, 2026$8,410,471 $22,089 $7,438 $8,439,998 
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments.
Core
Banking		Wealth Management ServicesOtherConsolidated
Totals
Three Months Ended June 30, 2025
Interest and Fees on Loans$90,002 $— $— $90,002 
Interest on Securities and Other Short-term Investments16,326 85 117 16,528 
Net Gains on Sales of Loans1,279 — — 1,279 
Wealth Management Fees1 4,164 — 4,165 
Reconciliation of Revenue:
Other Revenues11,289 
Elimination of Intercompany Revenues(95)
Total Consolidated Revenue123,168 
Less:
Interest on Deposits30,730 — — 30,730 
Interest on FHLB Advances and Other Borrowings848 — 1,797 2,645 
Provision for Credit Losses1,200 — — 1,200 
Salaries and Employee Benefits24,253 1,958 427 26,638 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense22,879 
Elimination of Intersegment Expenses(95)
Income before Income Taxes$39,171 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes$40,408 $1,500 $(2,737)$39,171 
Segment Assets at December 31, 2025$8,363,150 $18,703 $6,927 $8,388,780 
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments.

Core
Banking		Wealth Management ServicesOtherConsolidated
Totals
Six Months Ended June 30, 2026
Interest and Fees on Loans$185,786 $— $— $185,786 
Interest on Securities and Other Short-term Investments27,853 210 202 28,265 
Net Gains on Sales of Loans3,032 — — 3,032 
Wealth Management Fees2 9,517 — 9,519 
Reconciliation of Revenue:
Other Revenues23,421 
Elimination of Intercompany Revenues(161)
Total Consolidated Revenue249,862 
Less:
Interest on Deposits50,035 — — 50,035 
Interest on FHLB Advances and Other Borrowings2,488 — 1,469 3,957 
Provision for Credit Losses3,500 — — 3,500 
Salaries and Employee Benefits50,765 4,385 304 55,454 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense47,296 
Elimination of Intersegment Expenses(161)
Income before Income Taxes$89,781 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes$89,558 $3,801 $(3,578)$89,781 
Segment Assets at June 30, 2026$8,410,471 $22,089 $7,438 $8,439,998 
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments.
Core
Banking		Wealth Management ServicesOtherConsolidated
Totals
Six Months Ended June 30, 2025
Interest and Fees on Loans$171,507 $— $— $171,507 
Interest on Securities and Other Short-term Investments30,949 151 252 31,352 
Net Gains on Sales of Loans2,212 — — 2,212 
Wealth Management Fees2 7,999 — 8,001 
Reconciliation of Revenue:
Other Revenues21,360 
Elimination of Intercompany Revenues(208)
Total Consolidated Revenue234,224 
Less:
Interest on Deposits57,871 — — 57,871 
Interest on FHLB Advances and Other Borrowings1,745 — 3,516 5,261 
Provision for Credit Losses16,500 — — 16,500 
Salaries and Employee Benefits50,150 3,845 683 54,678 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense47,621 
Elimination of Intersegment Expenses(208)
Income before Income Taxes$52,501 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes$57,219 $2,910 $(7,628)$52,501 
Segment Assets at December 31, 2025$8,363,150 $18,703 $6,927 $8,388,780 
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments.