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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and Due from Banks $ 79,113 $ 69,249
Federal Funds Sold and Other Short-term Investments 363,178 119,543
Cash and Cash Equivalents 442,291 188,792
Interest-bearing Time Deposits with Banks 500 500
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,827,749 for March 31, 2025; Amortized Cost $1,796,040 for December 31, 2024; No Allowance for Credit Losses) 1,562,684 1,517,287
Other Investments 353 353
Loans Held-for-Sale, at Fair Value 6,713 8,239
Loans 5,654,944 4,133,267
Less: Unearned Income (8,418) (8,365)
Allowance for Credit Losses (75,158) (44,436)
Loans, Net 5,571,368 4,080,466
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost 18,105 14,423
Premises, Furniture and Equipment, Net 141,387 104,045
Other Real Estate 48 0
Goodwill 376,507 179,025
Intangible Assets 41,956 4,018
Company Owned Life Insurance 107,949 86,710
Accrued Interest Receivable and Other Assets 149,832 112,052
TOTAL ASSETS 8,419,693 6,295,910
LIABILITIES    
Non-interest-bearing Demand Deposits 1,889,673 1,399,270
Interest-bearing Demand, Savings, and Money Market Accounts 3,788,889 3,013,204
Time Deposits 1,419,323 916,601
Total Deposits 7,097,885 5,329,075
FHLB Advances and Other Borrowings 216,542 210,131
Accrued Interest Payable and Other Liabilities 59,224 41,637
TOTAL LIABILITIES 7,373,651 5,580,843
SHAREHOLDERS’ EQUITY    
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized 37,481 29,677
Additional Paid-in Capital 704,950 392,266
Retained Earnings 513,292 513,588
Accumulated Other Comprehensive Income (Loss) (209,681) (220,464)
TOTAL SHAREHOLDERS’ EQUITY 1,046,042 715,067
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 8,419,693 $ 6,295,910
End of period shares issued (in shares) 37,481,716 29,677,093
End of period shares outstanding (in shares) 37,481,716 29,677,093