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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
 
For the first three 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 no GAI activity for the first three months of 2025. 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 March 31, 2025
Interest and Fees on Loans$81,505 $— $— $— $81,505 
Interest on Securities and Other Short-term Investments14,623 66 — 135 14,824 
Net Gains on Sales of Loans832 — — — 832 
Wealth Management Fees1 3,835 — — 3,836 
Insurance Revenues— — — — — 
Reconciliation of Revenue:
Other Revenues10,172 
Elimination of Intercompany Revenues(113)
Total Consolidated Revenue111,056 
Less:
Interest on Deposits27,141 — — — 27,141 
Interest on FHLB Advances and Other Borrowings897 — — 1,719 2,616 
Provision for Credit Losses15,300 — — — 15,300 
Salaries and Employee Benefits25,897 1,887 — 256 28,040 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense24,742 
Elimination of Intersegment Expenses(113)
Income before Income Taxes13,330 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes16,811 1,410 — (4,891)13,330 
Segment Assets at March 31, 20258,457,970 14,593 — (52,870)8,419,693 
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments.
Core
Banking		Wealth Management ServicesInsuranceOtherConsolidated
Totals
Three Months Ended March 31, 2024
Interest and Fees on Loans$57,826 $— $— $— $57,826 
Interest on Securities and Other Short-term Investments10,379 29 1 121 10,530 
Net Gains on Sales of Loans751 — — — 751 
Wealth Management Fees1 3,365 — — 3,366 
Insurance Revenues— — 2,878 — 2,878 
Reconciliation of Revenue:
Other Revenues8,827 
Elimination of Intercompany Revenues(98)
Total Consolidated Revenue84,080 
Less:
Interest on Deposits21,087 — — — 21,087 
Interest on FHLB Advances and Other Borrowings900 — — 1,375 2,275 
Provision for Credit Losses900 — — — 900 
Salaries and Employee Benefits17,793 1,653 1,730 2 21,178 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense15,560 
Elimination of Intersegment Expenses(98)
Income before Income Taxes23,178 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes22,800 1,234 899 (1,755)23,178 
Segment Assets at December 31, 20246,340,396 13,544 — (58,030)6,295,910 
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments.