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Segment Information
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
 
For the first five months of 2024, the Company’s operations included three primary segments: core banking, wealth management services, and insurance operations. On June 1, 2024, the Company sold substantially all of the assets of its insurance operations to Hilb Group, and ceased insurance-related activities for the Company. As a result of the sale, insurance revenue and expenses reported within the accompanying financial statements reflect the first five months of 2024. See Note 3 for additional information on this sale.

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 insurance segment offered a full range of personal and corporate property and casualty insurance products, primarily in the Company’s banking subsidiary’s local markets. Commissions derived from the sale of insurance products by GAI were the primary source of revenue for the insurance segment.

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 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
Three Months Ended     
September 30, 2024    
Net Interest Income$50,194 $43 $— $(1,643)$48,594 
Net Gains on Sales of Loans704 — — — 704 
Net Gains (Losses) on Securities70 — — — 70 
Wealth Management Fees1 3,579 — — 3,580 
Insurance Revenues— — — — — 
Noncash Items:
Provision for Credit Losses625 — — — 625 
Depreciation and Amortization2,177 5 — 114 2,296 
Income Tax Expense (Benefit)5,387 250 — (1,041)4,596 
Segment Profit (Loss)22,079 1,071 — (2,102)21,048 
Segment Assets at September 30, 20246,303,835 12,650 — (55,578)6,260,907 
 
 Core
Banking		Wealth Management ServicesInsuranceOtherConsolidated Totals
Three Months Ended     
September 30, 2023     
Net Interest Income$48,794 $32 $15 $(1,282)$47,559 
Net Gains on Sales of Loans614 — — — 614 
Net Gains (Losses) on Securities— — — — — 
Wealth Management Fees1 2,956 — — 2,957 
Insurance Revenues— 1 2,064 — 2,065 
Noncash Items:
Provision for Credit Losses900 — — — 900 
Depreciation and Amortization2,236 7 12 114 2,369 
Income Tax Expense (Benefit)4,709 184 107 (409)4,591 
Segment Profit (Loss)21,472 761 161 (943)21,451 
Segment Assets at December 31, 20236,137,687 9,508 3,509 1,494 6,152,198 
 Core
Banking		Wealth Management ServicesInsuranceOtherConsolidated Totals
Nine Months Ended     
September 30, 2024    
Net Interest Income$143,581 $110 $1 $(4,133)$139,559 
Net Gains on Sales of Loans2,424 — — — 2,424 
Net Gains (Losses) on Securities(34,788)— — — (34,788)
Wealth Management Fees4 10,725 — — 10,729 
Insurance Revenues— 1 4,383 — 4,384 
Noncash Items:
Provision for Credit Losses2,150 — — — 2,150 
Depreciation and Amortization6,594 15 10 342 6,961 
Income Tax Expense (Benefit)6,219 754 9,300 (1,456)14,817 
Segment Profit (Loss)34,258 3,205 28,295 (5,158)60,600 
Segment Assets at September 30, 20246,303,835 12,650 — (55,578)6,260,907 

 Core
Banking		Wealth Management ServicesInsuranceOtherConsolidated Totals
Nine Months Ended     
September 30, 2023    
Net Interest Income$148,363 $86 $45 $(3,668)$144,826 
Net Gains on Sales of Loans1,831 — — — 1,831 
Net Gains (Losses) on Securities40 — — — 40 
Wealth Management Fees4 8,509 — — 8,513 
Insurance Revenues1 22 7,307 — 7,330 
Noncash Items:
Provision for Credit Losses2,550 — — — 2,550 
Depreciation and Amortization6,803 26 37 342 7,208 
Income Tax Expense (Benefit)14,099 474 427 (1,201)13,799 
Segment Profit (Loss)63,987 2,083 1,470 (3,159)64,381 
Segment Assets at December 31, 20236,137,687 9,508 3,509 1,494 6,152,198