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Segment Information
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s operations include three primary segments: core banking, wealth management services, and insurance operations. 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. The core banking segment also involves the sale of residential mortgage loans in the secondary market. The wealth management segment involves providing trust, investment advisory, brokerage and retirement planning services to customers. The insurance segment offers a full range of personal and corporate property and casualty insurance products, primarily in the Company’s banking subsidiary’s local markets.
 
The core banking segment is comprised by the Company’s banking subsidiary, German American Bank, which operated through 73 banking offices at December 31, 2020. Net interest income from loans and investments funded by deposits and borrowings is the primary revenue for the core-banking segment. The wealth management segment’s revenues are comprised primarily of fees generated by the 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 insurance segment primarily consists of German American Insurance, Inc., which provides a full line of personal and corporate insurance products. Commissions derived from the sale of insurance products are the primary source of revenue for the insurance segment.

The following segment financial information has been 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 three 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 ServicesInsuranceOtherConsolidated
Totals
Year Ended December 31, 2020     
Net Interest Income$157,936 $18 $11 $(2,722)$155,243 
Net Gains on Sales of Loans9,908    9,908 
Net Gains on Securities4,081    4,081 
Trust and Investment Product Fees3 8,002   8,005 
Insurance Revenues12 15 8,895  8,922 
Noncash Items:
Provision for Credit Losses17,550    17,550 
Depreciation and Amortization9,012 28 68 321 9,429 
Income Tax Expense (Benefit)13,758 452 536 (1,912)12,834 
Segment Profit (Loss)60,812 1,355 1,655 (1,612)62,210 
Segment Assets at December 31, 20204,963,655 4,480 10,263 (821)4,977,577 


Core
Banking
Wealth Management ServicesInsuranceOtherConsolidated
Totals
Year Ended December 31, 2019     
Net Interest Income$147,735 $15 $18 $(2,543)$145,225 
Net Gains on Sales of Loans4,633 — — — 4,633 
Net Gains on Securities1,248 — — — 1,248 
Trust and Investment Product Fees7,274 — — 7,278 
Insurance Revenues25 28 8,887 — 8,940 
Noncash Items:
Provision for Loan Losses5,325 — — — 5,325 
Depreciation and Amortization8,265 71 288 8,630 
Income Tax Expense (Benefit)12,724 469 511 (1,687)12,017 
Segment Profit (Loss)58,793 1,366 1,538 (2,475)59,222 
Segment Assets at December 31, 20194,381,945 3,670 9,080 2,977 4,397,672 

Core
Banking
Wealth Management ServicesInsuranceOtherConsolidated
Totals
Year Ended December 31, 2018     
Net Interest Income$115,710 $$13 $(1,118)$114,610 
Net Gains on Sales of Loans3,004 — — — 3,004 
Net Gains on Securities706 — — — 706 
Trust and Investment Product Fees6,676 — — 6,680 
Insurance Revenues17 40 8,273 — 8,330 
Noncash Items:
Provision for Loan Losses2,070 — — — 2,070 
Depreciation and Amortization5,847 76 256 6,184 
Income Tax Expense (Benefit)9,671 437 440 (1,020)9,528 
Segment Profit (Loss)46,075 1,263 1,312 (2,121)46,529 
Segment Assets at December 31, 20183,926,242 2,658 11,368 (11,178)3,929,090