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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay Versus Performance
Pay Versus Performance Table
Year
Summary
compensation
table total
for PEO
(1)
($)
Compensation
actually paid
to PEO
(2)
($)
Average
summary
compensation
table total
for non-PEO
named
executive
officers
(1)
($)
Average
compensation
actually paid
to non-PEO
named
executive
officers
(2)
($)
Value of initial fixed
$100 investment
based on:
Net income(5)
($ Millions)
3-Year
Average
Growth in
Adjusted
Earnings
per Share
(6)
Total
shareholder
return
(3)
($)
Peer group
total
shareholder
return
(4)
($)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2022
1,374,051 1,196,188 689,558 629,669 112.33 110.78 $ 81,825 13%
2021
1,626,579 1,518,365 801,437 732,650 114.58 129.96 $ 84,137 18%
2020
1,370,874 1,122,181 626,800 531,450 95.22 92.90 $ 62,210 10%
(1)
Amounts represent “Summary Compensation Table” totals for our principal executive officers, or PEOs, and the average “Summary Compensation Table” totals for our remaining NEOs for the relevant fiscal year, which includes the individuals indicated in the table below for each fiscal year:
Year
PEO
Non-PEO NEOS
2022 D. Neil Dauby Bradley M. Rust, Randall L. Braun, Keith A. Leinenbach, Amy D. Jackson and Clay M. Barrett
2021 Mark A. Schroeder D. Neil Dauby, Bradley M. Rust, Randall L. Braun and Keith A. Leinenbach
2020 Mark A. Schroeder D. Neil Dauby, Clay W. Ewing, Bradley M. Rust, Randall L. Braun and Keith A. Leinenbach
(2)
Amounts represent compensation actually paid to our PEOs and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table in footnote (1) above.
The table below provides the adjustments to the Summary Compensation Table (“SCT”) total compensation made to arrive at the compensation actually paid for the PEO and the average for Non-PEO NEOs:
Fiscal Year (“FY”) 2022
FY 2021
FY 2020
Description
PEO
($)
Average for
Non-PEO
NEOs
($)
PEO
($)
Average for
Non-PEO
NEOs
($)
PEO
($)
Average for
Non-PEO
NEOs
($)
Deduct the amounts reported in the SCT
for “stock awards” ​(column (e)) and
“option awards” ​(column (f))
(403,122) (168,145) (421,906) (187,585) (358,801) (141,882)
Add the fair value (“FV”) as of the end of the applicable FY of all awards granted during such FY that are outstanding and unvested as of the end of the FY
227,679 106,946 286,776 105,899 116,742 46,736
Add/Deduct the change as of the end of
the applicable FY (from the end of the
prior FY) in FV of any awards
granted in any prior FY that are
outstanding and unvested as of the
end of such FY
(3,367) (1,908) 10,390 3,725 (1,796) (744)
Add, for awards that are granted and
vest in the same year, the FV as of the
vesting date
Add/Deduct the change as of the vesting
date (from the end of the prior FY) in
FV of any awards granted in any prior
FY for which all applicable vesting
conditions were satisfied at the end of
or during the applicable FY
947 557 16,526 5,979 (4,838) (1,994)
Subtract, for any awards granted in any prior FY that fail to meet the applicable vesting conditions during the applicable FY, the amount equal to the FV at the end of the prior FY
Fiscal Year (“FY”) 2022
FY 2021
FY 2020
Description
PEO
($)
Average for
Non-PEO
NEOs
($)
PEO
($)
Average for
Non-PEO
NEOs
($)
PEO
($)
Average for
Non-PEO
NEOs
($)
Add any dividends or other earnings
paid on stock or option awards in the
applicable FY prior to the vesting date
that are not otherwise included in the
total compensation for such FY
Deduct aggregate change in the Actuarial
Present Values reported under the
“Change in Pension Value” Column of
the SCT
2,660 3,195 2,532
Add, for all pension plans reported in the
SCT, the aggregate of Service Cost
and Prior Service Cost
Total
(177,863) (59,889) (108,214) (68,786) (248,693) (95,351)
(3)
For the relevant fiscal year, represents the cumulative total shareholder return (“TSR”) of German American Bancorp, Inc. for the measurement periods ending on December 31 of each of 2022, 2021 and 2020, respectively.
(4)
For the relevant fiscal year, represents the cumulative TSR of the S&P Regional Banks Select Industry Index (“Peer Group TSR”) for the measurement periods ending on December 31 of each of 2022, 2021 and 2020, respectively.
(5)
Reflects “Net Income” in the company’s Consolidated Income Statements included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2022, 2021 and 2020.
(6)
The Company-Selected Measure is 3-Year Average Growth in Adjusted Earnings per Share. This measure is the average of the Company’s annual growth in adjusted EPS for each year in the 3-year period ending with the listed fiscal year. Adjusted EPS is a non-GAAP measure. For 2022, the Company’s annual GAAP net income (which is the basis for EPS) was adjusted to eliminate the after-tax impact of certain non-recurring expenses resulting from its merger with CUB, which the Company and its Board of Directors consider as being unrepresentative of the Company’s core operating performance including.
   
Company Selected Measure Name 3-Year Average Growth in Adjusted Earnings per Share    
Named Executive Officers, Footnote [Text Block]
(1)
Amounts represent “Summary Compensation Table” totals for our principal executive officers, or PEOs, and the average “Summary Compensation Table” totals for our remaining NEOs for the relevant fiscal year, which includes the individuals indicated in the table below for each fiscal year:
Year
PEO
Non-PEO NEOS
2022 D. Neil Dauby Bradley M. Rust, Randall L. Braun, Keith A. Leinenbach, Amy D. Jackson and Clay M. Barrett
2021 Mark A. Schroeder D. Neil Dauby, Bradley M. Rust, Randall L. Braun and Keith A. Leinenbach
2020 Mark A. Schroeder D. Neil Dauby, Clay W. Ewing, Bradley M. Rust, Randall L. Braun and Keith A. Leinenbach
   
Peer Group Issuers, Footnote [Text Block]
(3)
For the relevant fiscal year, represents the cumulative total shareholder return (“TSR”) of German American Bancorp, Inc. for the measurement periods ending on December 31 of each of 2022, 2021 and 2020, respectively.
(4)
For the relevant fiscal year, represents the cumulative TSR of the S&P Regional Banks Select Industry Index (“Peer Group TSR”) for the measurement periods ending on December 31 of each of 2022, 2021 and 2020, respectively.
   
PEO Total Compensation Amount $ 1,374,051 $ 1,626,579 $ 1,370,874
PEO Actually Paid Compensation Amount $ 1,196,188 1,518,365 1,122,181
Adjustment To PEO Compensation, Footnote [Text Block]
(2)
Amounts represent compensation actually paid to our PEOs and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table in footnote (1) above.
The table below provides the adjustments to the Summary Compensation Table (“SCT”) total compensation made to arrive at the compensation actually paid for the PEO and the average for Non-PEO NEOs:
Fiscal Year (“FY”) 2022
FY 2021
FY 2020
Description
PEO
($)
Average for
Non-PEO
NEOs
($)
PEO
($)
Average for
Non-PEO
NEOs
($)
PEO
($)
Average for
Non-PEO
NEOs
($)
Deduct the amounts reported in the SCT
for “stock awards” ​(column (e)) and
“option awards” ​(column (f))
(403,122) (168,145) (421,906) (187,585) (358,801) (141,882)
Add the fair value (“FV”) as of the end of the applicable FY of all awards granted during such FY that are outstanding and unvested as of the end of the FY
227,679 106,946 286,776 105,899 116,742 46,736
Add/Deduct the change as of the end of
the applicable FY (from the end of the
prior FY) in FV of any awards
granted in any prior FY that are
outstanding and unvested as of the
end of such FY
(3,367) (1,908) 10,390 3,725 (1,796) (744)
Add, for awards that are granted and
vest in the same year, the FV as of the
vesting date
Add/Deduct the change as of the vesting
date (from the end of the prior FY) in
FV of any awards granted in any prior
FY for which all applicable vesting
conditions were satisfied at the end of
or during the applicable FY
947 557 16,526 5,979 (4,838) (1,994)
Subtract, for any awards granted in any prior FY that fail to meet the applicable vesting conditions during the applicable FY, the amount equal to the FV at the end of the prior FY
Fiscal Year (“FY”) 2022
FY 2021
FY 2020
Description
PEO
($)
Average for
Non-PEO
NEOs
($)
PEO
($)
Average for
Non-PEO
NEOs
($)
PEO
($)
Average for
Non-PEO
NEOs
($)
Add any dividends or other earnings
paid on stock or option awards in the
applicable FY prior to the vesting date
that are not otherwise included in the
total compensation for such FY
Deduct aggregate change in the Actuarial
Present Values reported under the
“Change in Pension Value” Column of
the SCT
2,660 3,195 2,532
Add, for all pension plans reported in the
SCT, the aggregate of Service Cost
and Prior Service Cost
Total
(177,863) (59,889) (108,214) (68,786) (248,693) (95,351)
   
Non-PEO NEO Average Total Compensation Amount $ 689,558 801,437 626,800
Non-PEO NEO Average Compensation Actually Paid Amount $ 629,669 732,650 531,450
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(2)
Amounts represent compensation actually paid to our PEOs and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table in footnote (1) above.
The table below provides the adjustments to the Summary Compensation Table (“SCT”) total compensation made to arrive at the compensation actually paid for the PEO and the average for Non-PEO NEOs:
Fiscal Year (“FY”) 2022
FY 2021
FY 2020
Description
PEO
($)
Average for
Non-PEO
NEOs
($)
PEO
($)
Average for
Non-PEO
NEOs
($)
PEO
($)
Average for
Non-PEO
NEOs
($)
Deduct the amounts reported in the SCT
for “stock awards” ​(column (e)) and
“option awards” ​(column (f))
(403,122) (168,145) (421,906) (187,585) (358,801) (141,882)
Add the fair value (“FV”) as of the end of the applicable FY of all awards granted during such FY that are outstanding and unvested as of the end of the FY
227,679 106,946 286,776 105,899 116,742 46,736
Add/Deduct the change as of the end of
the applicable FY (from the end of the
prior FY) in FV of any awards
granted in any prior FY that are
outstanding and unvested as of the
end of such FY
(3,367) (1,908) 10,390 3,725 (1,796) (744)
Add, for awards that are granted and
vest in the same year, the FV as of the
vesting date
Add/Deduct the change as of the vesting
date (from the end of the prior FY) in
FV of any awards granted in any prior
FY for which all applicable vesting
conditions were satisfied at the end of
or during the applicable FY
947 557 16,526 5,979 (4,838) (1,994)
Subtract, for any awards granted in any prior FY that fail to meet the applicable vesting conditions during the applicable FY, the amount equal to the FV at the end of the prior FY
Fiscal Year (“FY”) 2022
FY 2021
FY 2020
Description
PEO
($)
Average for
Non-PEO
NEOs
($)
PEO
($)
Average for
Non-PEO
NEOs
($)
PEO
($)
Average for
Non-PEO
NEOs
($)
Add any dividends or other earnings
paid on stock or option awards in the
applicable FY prior to the vesting date
that are not otherwise included in the
total compensation for such FY
Deduct aggregate change in the Actuarial
Present Values reported under the
“Change in Pension Value” Column of
the SCT
2,660 3,195 2,532
Add, for all pension plans reported in the
SCT, the aggregate of Service Cost
and Prior Service Cost
Total
(177,863) (59,889) (108,214) (68,786) (248,693) (95,351)
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
Relationship Between PEO and Non-PEO NEOs Compensation Actually Paid and Company Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our other NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years.
[MISSING IMAGE: bc_companytsr-bw.jpg]
   
Compensation Actually Paid vs. Net Income [Text Block]
Relationship Between PEO and Non-PEO NEOs Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our other NEOs, and our net income during the three most recently completed fiscal years.
[MISSING IMAGE: bc_netincome-bw.jpg]
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
Relationship Between PEO and Non-PEO NEOs Compensation Actually Paid and 3-Year Average Growth in Adjusted Earnings per Share
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our other NEOs, and our 3-Year Average Growth in Adjusted Earnings per Share during each of the three most recently completed fiscal years.
[MISSING IMAGE: bc_earnings-bw.jpg]
   
Total Shareholder Return Vs Peer Group [Text Block]
Relationship Between Company TSR and Peer Group TSR
The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the S&P Regional Banks Select Industry Index over the same period.
[MISSING IMAGE: lc_peergroup-bw.jpg]
   
Tabular List [Table Text Block]
Tabular List of Important Financial Measures
The most important financial performance measures used by the Company in 2022 to set the compensation for its principal executive officer, or PEO (i.e., our President and Chief Executive Officer), and all of its non-PEO Named Executive Officers are listed below:

3-Year Average Growth in Adjusted Earnings per Share.

3-Year Average Adjusted Return on Average Equity.

3-Year Average Adjusted Return on Average Assets.

Net Income.
   
Total Shareholder Return Amount $ 112.33 114.58 95.22
Peer Group Total Shareholder Return Amount 110.78 129.96 92.9
Net Income (Loss) $ 81,825,000,000 $ 84,137,000,000 $ 62,210,000,000
Company Selected Measure Amount 13 18 10
PEO Name D. Neil Dauby Mark A. Schroeder Mark A. Schroeder
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name 3-Year Average Growth in Adjusted Earnings per Share    
Non-GAAP Measure Description [Text Block]
(6)
The Company-Selected Measure is 3-Year Average Growth in Adjusted Earnings per Share. This measure is the average of the Company’s annual growth in adjusted EPS for each year in the 3-year period ending with the listed fiscal year. Adjusted EPS is a non-GAAP measure. For 2022, the Company’s annual GAAP net income (which is the basis for EPS) was adjusted to eliminate the after-tax impact of certain non-recurring expenses resulting from its merger with CUB, which the Company and its Board of Directors consider as being unrepresentative of the Company’s core operating performance including.
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name 3-Year Average Adjusted Return on Average Equity.    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name 3-Year Average Adjusted Return on Average Assets    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Net Income    
D. Neil Dauby [Member] | Stock Awards & Stock Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (403,122)    
D. Neil Dauby [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted As Of The End Of The FY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 227,679    
D. Neil Dauby [Member] | Total Equity Awards Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (177,863)    
D. Neil Dauby [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (3,367)    
D. Neil Dauby [Member] | Change As Of The Vesting Date In Fair Value Of Awards Granted In Any Prior Fiscal Year For Which Vesting Conditions Were Satisfied During Such Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 947    
Mark A. Schroeder [Member] | Stock Awards & Stock Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   $ (421,906) $ (358,801)
Mark A. Schroeder [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted As Of The End Of The FY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   286,776 116,742
Mark A. Schroeder [Member] | Total Equity Awards Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   (108,214) (248,693)
Mark A. Schroeder [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   10,390 (1,796)
Mark A. Schroeder [Member] | Change As Of The Vesting Date In Fair Value Of Awards Granted In Any Prior Fiscal Year For Which Vesting Conditions Were Satisfied During Such Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   16,526 (4,838)
Non-PEO NEO [Member] | Stock Awards & Stock Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (168,145) (187,585) (141,882)
Non-PEO NEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted As Of The End Of The FY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 106,946 105,899 46,736
Non-PEO NEO [Member] | Total Equity Awards Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (59,889) (68,786) (95,351)
Non-PEO NEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,908) 3,725 (744)
Non-PEO NEO [Member] | Change As Of The Vesting Date In Fair Value Of Awards Granted In Any Prior Fiscal Year For Which Vesting Conditions Were Satisfied During Such Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 557 5,979 (1,994)
Non-PEO NEO [Member] | Change In Pension Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (2,660) $ (3,195) $ (2,532)