XML 53 R37.htm IDEA: XBRL DOCUMENT
v3.22.0.1

FHLB Advances and Other Borrowings (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Advances from Federal Home Loan Banks [Abstract] |
Schedule of Borrowings, Debt and Repurchase Agreements | Information regarding each of these types of borrowings or other indebtedness is as follows:
|  | December 31,
|  | 2021 |  | 2020
Long-term Advances from Federal Home Loan Bank collateralized by qualifying mortgages, investment securities, and mortgage-backed securities |  | $ | 25,000 |  |  | $ | 83,000 |
Junior Subordinated Debentures assumed from American Community Bancorp, Inc. |  | 6,225 |  |  | 6,075 |
Junior Subordinated Debentures assumed from River Valley Bancorp, Inc. |  | 6,029 |  |  | 5,923 |
Junior Subordinated Debentures assumed from Citizens First Corporation |  | 4,171 |  |  | 4,105 |
Subordinated Debentures |  | 39,379 |  |  | 39,297 |
Finance Lease Obligation |  | 3,051 |  |  | 3,224 |
Long-term Borrowings |  | 83,855 |  |  | 141,624 |
Overnight Variable Rate Advances from Federal Home Loan Bank collateralized by qualifying mortgages, investment securities, and mortgage-backed securities |  | $ | — |  |  | $ | — |
Federal Funds Purchased |  | — |  |  | — |
Repurchase Agreements |  | 68,328 |  |  | 52,905 |
Short-term Borrowings |  | 68,328 |  |  | 52,905 |
Total Borrowings |  | $ | 152,183 |  |  | $ | 194,529 |
Schedule of Repurchase Agreements |
|  | 2021 |  | 2020
Average Daily Balance During the Year |  | $ | 52,824 |  |  | $ | 58,000 |
Average Interest Rate During the Year |  | 0.10 | % |  | 0.30 | %
Maximum Month-end Balance During the Year |  | $ | 71,764 |  |  | $ | 73,580 |
Weighted Average Interest Rate at Year-end |  | 0.10 | % |  | 0.10 | %
Schedule of Principal Payments on Long-Term Borrowings | At December 31, 2021, scheduled principal payments on long-term borrowings, excluding the capitalized lease obligation and acquired subordinated debentures (which are discussed below) are as follows:
2022 |  | $ | — |
2023 |  | — |
2024 |  | 24,834 |
2025 |  | — |
2026 |  | — |
Thereafter |  | 39,545 |
Total |  | $ | 64,379 |
Schedule of Issuance of Subordinated Debentures | The following table summarizes the terms of each issuance:
|  | Date of Issuance |  | Issuance Amount |  | Carrying Amount at December 31, 2021 |  | Variable Rate |  | Rate as of December 31, 2021 |  | Rate as of December 31, 2020 |  | Maturity Date
ACB Trust I |  | 5/6/2005 |  | $ | 5,155 |  |  | $ | 3,921 |  |  | 90 day LIBOR + 2.15% |  | 2.37 | % |  | 2.40 | % |  | May 2035
ACB Trust II |  | 7/15/2005 |  | 3,093 |  |  | 2,304 |  |  | 90 day LIBOR + 1.85% |  | 2.01 | % |  | 2.06 | % |  | July 2035
RIVR Statutory Trust I |  | 3/26/2003 |  | 7,217 |  |  | 6,029 |  |  | 3-Month LIBOR + 3.15% |  | 3.37 | % |  | 3.40 | % |  | March 2033
Citizens First Statutory Trust I |  | 10/16/2006 |  | 5,155 |  |  | 4,171 |  |  | 3-Month LIBOR +1.65% |  | 1.78 | % |  | 1.88 | % |  | January 2037

X
- Definition Tabular disclosure of debt issuance terms for the period. + References No definition available. + Details
Name: | gabc_ScheduleOfDebtIssuanceTermsTableTextBlock
Namespace Prefix: | gabc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AdvancesFromFederalHomeLoanBanksAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for repurchase agreements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration