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Parent Company Financial Statements | 12 Months Ended
--- | ---
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Parent Company Financial Statements | The condensed financial statements of German American Bancorp, Inc. are presented below: CONDENSED BALANCE SHEETS
|  | December 31,
|  | 2023 |  | 2022
ASSETS |  |  |  |
Cash |  | $ | 66,835 |  |  | $ | 46,541 |
Securities Available-for-Sale |  | 4,112 |  |  | — |
Other Investments |  | 353 |  |  | 353 |
Investment in Subsidiary Bank |  | 652,452 |  |  | 566,494 |
Investment in Non-banking Subsidiaries |  | 1,975 |  |  | 6,747 |
Other Assets |  | 15,097 |  |  | 19,165 |
Total Assets |  | $ | 740,824 |  |  | $ | 639,300 |
LIABILITIES |  |  |  |
Borrowings |  | $ | 75,327 |  |  | $ | 74,788 |
Other Liabilities |  | 1,939 |  |  | 6,119 |
Total Liabilities |  | 77,266 |  |  | 80,907 |
SHAREHOLDERS’ EQUITY |  |  |  |
Common Stock |  | 29,585 |  |  | 29,493 |
Additional Paid-in Capital |  | 389,411 |  |  | 387,171 |
Retained Earnings |  | 461,622 |  |  | 405,167 |
Accumulated Other Comprehensive Income (Loss) |  | (217,060) |  |  | (263,438) |
Total Shareholders’ Equity |  | 663,558 |  |  | 558,393 |
Total Liabilities and Shareholders’ Equity |  | $ | 740,824 |  |  | $ | 639,300 |
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS)
|  | Years Ended December 31,
|  | 2023 |  | 2022 |  | 2021
INCOME |  |  |  |  |  |
Dividends from Subsidiaries |  |  |  |  |  |
Bank |  | $ | 50,000 |  |  | $ | 35,000 |  |  | $ | 65,000 |
Non-bank |  | — |  |  | — |  |  | 1,470 |
Interest Income |  | 277 |  |  | 104 |  |  | 109 |
Other Income (Loss) |  | (28) |  |  | 31 |  |  | 11 |
Total Income |  | 50,249 |  |  | 35,135 |  |  | 66,590 |
EXPENSES |  |  |  |  |  |
Salaries and Employee Benefits |  | 535 |  |  | 535 |  |  | 537 |
Professional Fees |  | 777 |  |  | 1,989 |  |  | 1,256 |
Occupancy and Equipment Expense |  | 8 |  |  | 8 |  |  | 10 |
Interest Expense |  | 5,360 |  |  | 3,963 |  |  | 2,763 |
Other Expenses |  | 1,183 |  |  | 1,162 |  |  | 1,200 |
Total Expenses |  | 7,863 |  |  | 7,657 |  |  | 5,766 |
INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES |  | 42,386 |  |  | 27,478 |  |  | 60,824 |
Income Tax Benefit |  | 2,215 |  |  | 1,947 |  |  | 1,607 |
INCOME BEFORE EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES |  | 44,601 |  |  | 29,425 |  |  | 62,431 |
Equity in Undistributed Income of Subsidiaries |  | 41,287 |  |  | 52,400 |  |  | 21,706 |
NET INCOME |  | 85,888 |  |  | 81,825 |  |  | 84,137 |
Other Comprehensive Income (Loss): |  |  |  |  |  |
Changes in Unrealized Gain (Loss) on Securities, Available-for-Sale |  | 46,378 |  |  | (278,976) |  |  | (19,891) |
Changes in Unrecognized Loss in Postretirement Benefit Obligation, Net |  | — |  |  | 54 |  |  | — |
TOTAL COMPREHENSIVE INCOME (LOSS) |  | $ | 132,266 |  |  | $ | (197,097) |  |  | $ | 64,246 |
CONDENSED STATEMENTS OF CASH FLOWS
|  | Years Ended December 31,
|  | 2023 |  | 2022 |  | 2021
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |
Net Income |  | $ | 85,888 |  |  | $ | 81,825 |  |  | $ | 84,137 |
Adjustments to Reconcile Net Income to Net Cash from Operations |  |  |  |  |  |
Change in Other Assets |  | 3,929 |  |  | 3,861 |  |  | (3,939) |
Change in Other Liabilities |  | (3,113) |  |  | 1,200 |  |  | 863 |
Equity Based Compensation |  | 2,332 |  |  | 2,330 |  |  | 1,723 |
Equity in Excess Undistributed Income of Subsidiaries |  | (41,287) |  |  | (52,400) |  |  | (21,706) |
Net Cash from Operating Activities |  | 47,749 |  |  | 36,816 |  |  | 61,078 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |
Cash Used for Business Acquisitions |  | — |  |  | (49,644) |  |  | — |
Net Equity in Dissolution of Subsidiary |  | 1,978 |  |  | — |  |  | — |
Net Cash from Investing Activities |  | 1,978 |  |  | (49,644) |  |  | — |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |
Dividends Paid |  | (29,433) |  |  | (27,022) |  |  | (22,220) |
Net Cash from Financing Activities |  | (29,433) |  |  | (27,022) |  |  | (22,220) |
Net Change in Cash and Cash Equivalents |  | 20,294 |  |  | (39,850) |  |  | 38,858 |
Cash and Cash Equivalents at Beginning of Year |  | 46,541 |  |  | 86,391 |  |  | 47,533 |
Cash and Cash Equivalents at End of Year |  | $ | 66,835 |  |  | $ | 46,541 |  |  | $ | 86,391 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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