10-Q 1 gabc-20220930.htm 10-Q gabc-20220930
truefalsefalse2022Q3000071439512/3133.3333.3333.33http://fasb.org/us-gaap/2022#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortizationhttp://fasb.org/us-gaap/2022#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortizationhttp://fasb.org/us-gaap/2022#OtherBorrowingshttp://fasb.org/us-gaap/2022#OtherBorrowingshttp://fasb.org/us-gaap/2022#InterestReceivableAndOtherAssetshttp://fasb.org/us-gaap/2022#InterestReceivableAndOtherAssetshttp://fasb.org/us-gaap/2022#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrenthttp://fasb.org/us-gaap/2022#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent00007143952022-01-012022-09-3000007143952022-10-31xbrli:shares00007143952022-09-30iso4217:USD00007143952021-12-31iso4217:USDxbrli:shares00007143952022-07-012022-09-3000007143952021-07-012021-09-300000714395gabc:WealthManagementFeesMember2022-07-012022-09-300000714395gabc:WealthManagementFeesMember2021-07-012021-09-300000714395gabc:ServiceChargeonDepositAccountsMember2022-07-012022-09-300000714395gabc:ServiceChargeonDepositAccountsMember2021-07-012021-09-300000714395gabc:InsuranceRevenueMember2022-07-012022-09-300000714395gabc:InsuranceRevenueMember2021-07-012021-09-300000714395gabc:InterchangeFeeIncomeMember2022-07-012022-09-300000714395gabc:InterchangeFeeIncomeMember2021-07-012021-09-3000007143952021-01-012021-09-300000714395gabc:WealthManagementFeesMember2022-01-012022-09-300000714395gabc:WealthManagementFeesMember2021-01-012021-09-300000714395gabc:ServiceChargeonDepositAccountsMember2022-01-012022-09-300000714395gabc:ServiceChargeonDepositAccountsMember2021-01-012021-09-300000714395gabc:InsuranceRevenueMember2022-01-012022-09-300000714395gabc:InsuranceRevenueMember2021-01-012021-09-300000714395gabc:InterchangeFeeIncomeMember2022-01-012022-09-300000714395gabc:InterchangeFeeIncomeMember2021-01-012021-09-300000714395us-gaap:CommonStockMember2021-12-310000714395us-gaap:AdditionalPaidInCapitalMember2021-12-310000714395us-gaap:RetainedEarningsMember2021-12-310000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000714395us-gaap:RetainedEarningsMember2022-01-012022-03-3100007143952022-01-012022-03-310000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310000714395us-gaap:CommonStockMember2022-01-012022-03-310000714395us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-310000714395us-gaap:CommonStockMember2022-03-310000714395us-gaap:AdditionalPaidInCapitalMember2022-03-310000714395us-gaap:RetainedEarningsMember2022-03-310000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-3100007143952022-03-310000714395us-gaap:RetainedEarningsMember2022-04-012022-06-3000007143952022-04-012022-06-300000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012022-06-300000714395us-gaap:CommonStockMember2022-04-012022-06-300000714395us-gaap:AdditionalPaidInCapitalMember2022-04-012022-06-300000714395us-gaap:CommonStockMember2022-06-300000714395us-gaap:AdditionalPaidInCapitalMember2022-06-300000714395us-gaap:RetainedEarningsMember2022-06-300000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-3000007143952022-06-300000714395us-gaap:RetainedEarningsMember2022-07-012022-09-300000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-300000714395us-gaap:CommonStockMember2022-07-012022-09-300000714395us-gaap:AdditionalPaidInCapitalMember2022-07-012022-09-300000714395us-gaap:CommonStockMember2022-09-300000714395us-gaap:AdditionalPaidInCapitalMember2022-09-300000714395us-gaap:RetainedEarningsMember2022-09-300000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-09-300000714395us-gaap:CommonStockMember2020-12-310000714395us-gaap:AdditionalPaidInCapitalMember2020-12-310000714395us-gaap:RetainedEarningsMember2020-12-310000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-3100007143952020-12-310000714395us-gaap:RetainedEarningsMember2021-01-012021-03-3100007143952021-01-012021-03-310000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310000714395us-gaap:CommonStockMember2021-01-012021-03-310000714395us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-310000714395us-gaap:CommonStockMember2021-03-310000714395us-gaap:AdditionalPaidInCapitalMember2021-03-310000714395us-gaap:RetainedEarningsMember2021-03-310000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-3100007143952021-03-310000714395us-gaap:RetainedEarningsMember2021-04-012021-06-3000007143952021-04-012021-06-300000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300000714395us-gaap:CommonStockMember2021-04-012021-06-300000714395us-gaap:AdditionalPaidInCapitalMember2021-04-012021-06-300000714395us-gaap:CommonStockMember2021-06-300000714395us-gaap:AdditionalPaidInCapitalMember2021-06-300000714395us-gaap:RetainedEarningsMember2021-06-300000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-3000007143952021-06-300000714395us-gaap:RetainedEarningsMember2021-07-012021-09-300000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-07-012021-09-300000714395us-gaap:CommonStockMember2021-07-012021-09-300000714395us-gaap:AdditionalPaidInCapitalMember2021-07-012021-09-300000714395us-gaap:CommonStockMember2021-09-300000714395us-gaap:AdditionalPaidInCapitalMember2021-09-300000714395us-gaap:RetainedEarningsMember2021-09-300000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-09-3000007143952021-09-300000714395us-gaap:USTreasurySecuritiesMember2022-09-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMember2022-09-300000714395us-gaap:ResidentialMortgageBackedSecuritiesMember2022-09-300000714395gabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMember2022-09-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310000714395us-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310000714395gabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMember2021-12-310000714395us-gaap:USTreasuryAndGovernmentMember2022-09-300000714395us-gaap:EquitySecuritiesMember2021-12-31gabc:investment0000714395us-gaap:EquitySecuritiesMember2022-09-3000007143952009-12-310000714395us-gaap:InterestRateSwapMember2022-09-300000714395us-gaap:InterestRateSwapMember2021-12-310000714395us-gaap:OtherAssetsMemberus-gaap:InterestRateSwapMember2022-09-300000714395us-gaap:OtherAssetsMemberus-gaap:InterestRateSwapMember2021-12-310000714395us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMember2022-09-300000714395us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMember2021-12-310000714395us-gaap:OtherIncomeMemberus-gaap:InterestRateSwapMember2022-07-012022-09-300000714395us-gaap:OtherIncomeMemberus-gaap:InterestRateSwapMember2021-07-012021-09-300000714395us-gaap:OtherIncomeMemberus-gaap:InterestRateSwapMember2022-01-012022-09-300000714395us-gaap:OtherIncomeMemberus-gaap:InterestRateSwapMember2021-01-012021-09-300000714395us-gaap:CommercialPortfolioSegmentMembergabc:CommercialAndIndustrialMember2022-09-300000714395us-gaap:CommercialPortfolioSegmentMembergabc:CommercialAndIndustrialMember2021-12-310000714395us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-09-300000714395us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-12-310000714395us-gaap:CommercialPortfolioSegmentMembergabc:AgriculturalMember2022-09-300000714395us-gaap:CommercialPortfolioSegmentMembergabc:AgriculturalMember2021-12-310000714395gabc:LeasesMemberus-gaap:CommercialPortfolioSegmentMember2022-09-300000714395gabc:LeasesMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000714395us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2022-09-300000714395us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2021-12-310000714395us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ConsumerLoanMember2022-09-300000714395us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ConsumerLoanMember2021-12-310000714395us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CreditCardReceivablesMember2022-09-300000714395us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CreditCardReceivablesMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:ConsumerPortfolioSegmentMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000714395us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2022-09-300000714395us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-12-310000714395gabc:CitizensUnionBancorpOfShelbyvilleIncCUBMember2022-01-010000714395gabc:CommercialAndIndustrialMember2022-09-300000714395us-gaap:CommercialRealEstateMember2022-09-300000714395gabc:AgriculturalMember2022-09-300000714395gabc:LeasesMember2022-09-300000714395us-gaap:ConsumerLoanMember2022-09-300000714395us-gaap:HomeEquityLoanMember2022-09-300000714395us-gaap:CreditCardReceivablesMember2022-09-300000714395us-gaap:ResidentialMortgageMember2022-09-300000714395gabc:PaycheckProtectionProgramCARESActMember2022-01-012022-09-30xbrli:pure0000714395gabc:PaycheckProtectionProgramCARESActMember2020-12-31gabc:loan0000714395gabc:PaycheckProtectionProgramCARESActMember2022-09-300000714395gabc:PaycheckProtectionProgramCARESActMember2021-12-310000714395gabc:CommercialAndIndustrialMember2022-06-300000714395us-gaap:CommercialRealEstateMember2022-06-300000714395gabc:AgriculturalMember2022-06-300000714395gabc:LeasesMember2022-06-300000714395us-gaap:ConsumerLoanMember2022-06-300000714395us-gaap:HomeEquityLoanMember2022-06-300000714395us-gaap:CreditCardReceivablesMember2022-06-300000714395us-gaap:ResidentialMortgageMember2022-06-300000714395us-gaap:UnallocatedFinancingReceivablesMember2022-06-300000714395gabc:CommercialAndIndustrialMember2022-07-012022-09-300000714395us-gaap:CommercialRealEstateMember2022-07-012022-09-300000714395gabc:AgriculturalMember2022-07-012022-09-300000714395gabc:LeasesMember2022-07-012022-09-300000714395us-gaap:ConsumerLoanMember2022-07-012022-09-300000714395us-gaap:HomeEquityLoanMember2022-07-012022-09-300000714395us-gaap:CreditCardReceivablesMember2022-07-012022-09-300000714395us-gaap:ResidentialMortgageMember2022-07-012022-09-300000714395us-gaap:UnallocatedFinancingReceivablesMember2022-07-012022-09-300000714395us-gaap:UnallocatedFinancingReceivablesMember2022-09-300000714395gabc:CommercialAndIndustrialMember2021-06-300000714395us-gaap:CommercialRealEstateMember2021-06-300000714395gabc:AgriculturalMember2021-06-300000714395gabc:LeasesMember2021-06-300000714395us-gaap:ConsumerLoanMember2021-06-300000714395us-gaap:HomeEquityLoanMember2021-06-300000714395us-gaap:CreditCardReceivablesMember2021-06-300000714395us-gaap:ResidentialMortgageMember2021-06-300000714395us-gaap:UnallocatedFinancingReceivablesMember2021-06-300000714395gabc:CommercialAndIndustrialMember2021-07-012021-09-300000714395us-gaap:CommercialRealEstateMember2021-07-012021-09-300000714395gabc:AgriculturalMember2021-07-012021-09-300000714395gabc:LeasesMember2021-07-012021-09-300000714395us-gaap:ConsumerLoanMember2021-07-012021-09-300000714395us-gaap:HomeEquityLoanMember2021-07-012021-09-300000714395us-gaap:CreditCardReceivablesMember2021-07-012021-09-300000714395us-gaap:ResidentialMortgageMember2021-07-012021-09-300000714395us-gaap:UnallocatedFinancingReceivablesMember2021-07-012021-09-300000714395gabc:CommercialAndIndustrialMember2021-09-300000714395us-gaap:CommercialRealEstateMember2021-09-300000714395gabc:AgriculturalMember2021-09-300000714395gabc:LeasesMember2021-09-300000714395us-gaap:ConsumerLoanMember2021-09-300000714395us-gaap:HomeEquityLoanMember2021-09-300000714395us-gaap:CreditCardReceivablesMember2021-09-300000714395us-gaap:ResidentialMortgageMember2021-09-300000714395us-gaap:UnallocatedFinancingReceivablesMember2021-09-300000714395gabc:CommercialAndIndustrialMember2021-12-310000714395us-gaap:CommercialRealEstateMember2021-12-310000714395gabc:AgriculturalMember2021-12-310000714395gabc:LeasesMember2021-12-310000714395us-gaap:ConsumerLoanMember2021-12-310000714395us-gaap:HomeEquityLoanMember2021-12-310000714395us-gaap:CreditCardReceivablesMember2021-12-310000714395us-gaap:ResidentialMortgageMember2021-12-310000714395us-gaap:UnallocatedFinancingReceivablesMember2021-12-310000714395gabc:CommercialAndIndustrialMember2022-01-012022-09-300000714395us-gaap:CommercialRealEstateMember2022-01-012022-09-300000714395gabc:AgriculturalMember2022-01-012022-09-300000714395gabc:LeasesMember2022-01-012022-09-300000714395us-gaap:ConsumerLoanMember2022-01-012022-09-300000714395us-gaap:HomeEquityLoanMember2022-01-012022-09-300000714395us-gaap:CreditCardReceivablesMember2022-01-012022-09-300000714395us-gaap:ResidentialMortgageMember2022-01-012022-09-300000714395us-gaap:UnallocatedFinancingReceivablesMember2022-01-012022-09-300000714395gabc:CommercialAndIndustrialMember2020-12-310000714395us-gaap:CommercialRealEstateMember2020-12-310000714395gabc:AgriculturalMember2020-12-310000714395gabc:LeasesMember2020-12-310000714395us-gaap:ConsumerLoanMember2020-12-310000714395us-gaap:HomeEquityLoanMember2020-12-310000714395us-gaap:CreditCardReceivablesMember2020-12-310000714395us-gaap:ResidentialMortgageMember2020-12-310000714395us-gaap:UnallocatedFinancingReceivablesMember2020-12-310000714395gabc:CommercialAndIndustrialMember2021-01-012021-09-300000714395us-gaap:CommercialRealEstateMember2021-01-012021-09-300000714395gabc:AgriculturalMember2021-01-012021-09-300000714395gabc:LeasesMember2021-01-012021-09-300000714395us-gaap:ConsumerLoanMember2021-01-012021-09-300000714395us-gaap:HomeEquityLoanMember2021-01-012021-09-300000714395us-gaap:CreditCardReceivablesMember2021-01-012021-09-300000714395us-gaap:ResidentialMortgageMember2021-01-012021-09-300000714395us-gaap:UnallocatedFinancingReceivablesMember2021-01-012021-09-3000007143952021-01-012021-12-310000714395us-gaap:RealEstateMembergabc:CommercialAndIndustrialMember2022-09-300000714395gabc:CommercialAndIndustrialMemberus-gaap:EquipmentMember2022-09-300000714395us-gaap:AccountsReceivableMembergabc:CommercialAndIndustrialMember2022-09-300000714395gabc:OtherCollateralMembergabc:CommercialAndIndustrialMember2022-09-300000714395us-gaap:CollateralPledgedMembergabc:CommercialAndIndustrialMember2022-09-300000714395us-gaap:RealEstateMemberus-gaap:CommercialRealEstateMember2022-09-300000714395us-gaap:CommercialRealEstateMemberus-gaap:EquipmentMember2022-09-300000714395us-gaap:CommercialRealEstateMemberus-gaap:AccountsReceivableMember2022-09-300000714395gabc:OtherCollateralMemberus-gaap:CommercialRealEstateMember2022-09-300000714395us-gaap:CommercialRealEstateMemberus-gaap:CollateralPledgedMember2022-09-300000714395us-gaap:RealEstateMembergabc:AgriculturalMember2022-09-300000714395gabc:AgriculturalMemberus-gaap:EquipmentMember2022-09-300000714395us-gaap:AccountsReceivableMembergabc:AgriculturalMember2022-09-300000714395gabc:OtherCollateralMembergabc:AgriculturalMember2022-09-300000714395us-gaap:CollateralPledgedMembergabc:AgriculturalMember2022-09-300000714395us-gaap:RealEstateMembergabc:LeasesMember2022-09-300000714395gabc:LeasesMemberus-gaap:EquipmentMember2022-09-300000714395gabc:LeasesMemberus-gaap:AccountsReceivableMember2022-09-300000714395gabc:LeasesMembergabc:OtherCollateralMember2022-09-300000714395gabc:LeasesMemberus-gaap:CollateralPledgedMember2022-09-300000714395us-gaap:RealEstateMemberus-gaap:HomeEquityLoanMember2022-09-300000714395us-gaap:HomeEquityLoanMemberus-gaap:EquipmentMember2022-09-300000714395us-gaap:HomeEquityLoanMemberus-gaap:AccountsReceivableMember2022-09-300000714395gabc:OtherCollateralMemberus-gaap:HomeEquityLoanMember2022-09-300000714395us-gaap:CollateralPledgedMemberus-gaap:HomeEquityLoanMember2022-09-300000714395us-gaap:RealEstateMemberus-gaap:ConsumerLoanMember2022-09-300000714395us-gaap:ConsumerLoanMemberus-gaap:EquipmentMember2022-09-300000714395us-gaap:AccountsReceivableMemberus-gaap:ConsumerLoanMember2022-09-300000714395gabc:OtherCollateralMemberus-gaap:ConsumerLoanMember2022-09-300000714395us-gaap:CollateralPledgedMemberus-gaap:ConsumerLoanMember2022-09-300000714395us-gaap:RealEstateMemberus-gaap:CreditCardReceivablesMember2022-09-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:EquipmentMember2022-09-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:AccountsReceivableMember2022-09-300000714395gabc:OtherCollateralMemberus-gaap:CreditCardReceivablesMember2022-09-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:CollateralPledgedMember2022-09-300000714395us-gaap:RealEstateMemberus-gaap:ResidentialMortgageMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:EquipmentMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:AccountsReceivableMember2022-09-300000714395us-gaap:ResidentialMortgageMembergabc:OtherCollateralMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:CollateralPledgedMember2022-09-300000714395us-gaap:RealEstateMember2022-09-300000714395us-gaap:EquipmentMember2022-09-300000714395us-gaap:AccountsReceivableMember2022-09-300000714395gabc:OtherCollateralMember2022-09-300000714395us-gaap:CollateralPledgedMember2022-09-300000714395us-gaap:RealEstateMembergabc:CommercialAndIndustrialMember2021-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:EquipmentMember2021-12-310000714395us-gaap:AccountsReceivableMembergabc:CommercialAndIndustrialMember2021-12-310000714395gabc:OtherCollateralMembergabc:CommercialAndIndustrialMember2021-12-310000714395us-gaap:CollateralPledgedMembergabc:CommercialAndIndustrialMember2021-12-310000714395us-gaap:RealEstateMemberus-gaap:CommercialRealEstateMember2021-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:EquipmentMember2021-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:AccountsReceivableMember2021-12-310000714395gabc:OtherCollateralMemberus-gaap:CommercialRealEstateMember2021-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:CollateralPledgedMember2021-12-310000714395us-gaap:RealEstateMembergabc:AgriculturalMember2021-12-310000714395gabc:AgriculturalMemberus-gaap:EquipmentMember2021-12-310000714395us-gaap:AccountsReceivableMembergabc:AgriculturalMember2021-12-310000714395gabc:OtherCollateralMembergabc:AgriculturalMember2021-12-310000714395us-gaap:CollateralPledgedMembergabc:AgriculturalMember2021-12-310000714395us-gaap:RealEstateMembergabc:LeasesMember2021-12-310000714395gabc:LeasesMemberus-gaap:EquipmentMember2021-12-310000714395gabc:LeasesMemberus-gaap:AccountsReceivableMember2021-12-310000714395gabc:LeasesMembergabc:OtherCollateralMember2021-12-310000714395gabc:LeasesMemberus-gaap:CollateralPledgedMember2021-12-310000714395us-gaap:RealEstateMemberus-gaap:HomeEquityLoanMember2021-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:EquipmentMember2021-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:AccountsReceivableMember2021-12-310000714395gabc:OtherCollateralMemberus-gaap:HomeEquityLoanMember2021-12-310000714395us-gaap:CollateralPledgedMemberus-gaap:HomeEquityLoanMember2021-12-310000714395us-gaap:RealEstateMemberus-gaap:ConsumerLoanMember2021-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:EquipmentMember2021-12-310000714395us-gaap:AccountsReceivableMemberus-gaap:ConsumerLoanMember2021-12-310000714395gabc:OtherCollateralMemberus-gaap:ConsumerLoanMember2021-12-310000714395us-gaap:CollateralPledgedMemberus-gaap:ConsumerLoanMember2021-12-310000714395us-gaap:RealEstateMemberus-gaap:CreditCardReceivablesMember2021-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:EquipmentMember2021-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:AccountsReceivableMember2021-12-310000714395gabc:OtherCollateralMemberus-gaap:CreditCardReceivablesMember2021-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:CollateralPledgedMember2021-12-310000714395us-gaap:RealEstateMemberus-gaap:ResidentialMortgageMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:EquipmentMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:AccountsReceivableMember2021-12-310000714395us-gaap:ResidentialMortgageMembergabc:OtherCollateralMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:CollateralPledgedMember2021-12-310000714395us-gaap:RealEstateMember2021-12-310000714395us-gaap:EquipmentMember2021-12-310000714395us-gaap:AccountsReceivableMember2021-12-310000714395gabc:OtherCollateralMember2021-12-310000714395us-gaap:CollateralPledgedMember2021-12-310000714395us-gaap:FinancingReceivables30To59DaysPastDueMembergabc:CommercialAndIndustrialMember2022-09-300000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembergabc:CommercialAndIndustrialMember2022-09-300000714395us-gaap:FinancialAssetPastDueMembergabc:CommercialAndIndustrialMember2022-09-300000714395us-gaap:FinancialAssetNotPastDueMembergabc:CommercialAndIndustrialMember2022-09-300000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-09-300000714395us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstateMember2022-09-300000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstateMember2022-09-300000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2022-09-300000714395us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstateMember2022-09-300000714395us-gaap:FinancingReceivables30To59DaysPastDueMembergabc:AgriculturalMember2022-09-300000714395us-gaap:FinancingReceivables60To89DaysPastDueMembergabc:AgriculturalMember2022-09-300000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembergabc:AgriculturalMember2022-09-300000714395us-gaap:FinancialAssetPastDueMembergabc:AgriculturalMember2022-09-300000714395us-gaap:FinancialAssetNotPastDueMembergabc:AgriculturalMember2022-09-300000714395gabc:LeasesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-09-300000714395gabc:LeasesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-09-300000714395gabc:LeasesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-09-300000714395gabc:LeasesMemberus-gaap:FinancialAssetPastDueMember2022-09-300000714395gabc:LeasesMemberus-gaap:FinancialAssetNotPastDueMember2022-09-300000714395us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:HomeEquityLoanMember2022-09-300000714395us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:HomeEquityLoanMember2022-09-300000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:HomeEquityLoanMember2022-09-300000714395us-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetPastDueMember2022-09-300000714395us-gaap:FinancialAssetNotPastDueMemberus-gaap:HomeEquityLoanMember2022-09-300000714395us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerLoanMember2022-09-300000714395us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerLoanMember2022-09-300000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerLoanMember2022-09-300000714395us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerLoanMember2022-09-300000714395us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerLoanMember2022-09-300000714395us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CreditCardReceivablesMember2022-09-300000714395us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CreditCardReceivablesMember2022-09-300000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CreditCardReceivablesMember2022-09-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:FinancialAssetPastDueMember2022-09-300000714395us-gaap:FinancialAssetNotPastDueMemberus-gaap:CreditCardReceivablesMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancialAssetPastDueMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancialAssetNotPastDueMember2022-09-300000714395us-gaap:FinancingReceivables30To59DaysPastDueMember2022-09-300000714395us-gaap:FinancingReceivables60To89DaysPastDueMember2022-09-300000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-09-300000714395us-gaap:FinancialAssetPastDueMember2022-09-300000714395us-gaap:FinancialAssetNotPastDueMember2022-09-300000714395us-gaap:FinancingReceivables30To59DaysPastDueMembergabc:CommercialAndIndustrialMember2021-12-310000714395us-gaap:FinancingReceivables60To89DaysPastDueMembergabc:CommercialAndIndustrialMember2021-12-310000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembergabc:CommercialAndIndustrialMember2021-12-310000714395us-gaap:FinancialAssetPastDueMembergabc:CommercialAndIndustrialMember2021-12-310000714395us-gaap:FinancialAssetNotPastDueMembergabc:CommercialAndIndustrialMember2021-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000714395us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstateMember2021-12-310000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstateMember2021-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2021-12-310000714395us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstateMember2021-12-310000714395us-gaap:FinancingReceivables30To59DaysPastDueMembergabc:AgriculturalMember2021-12-310000714395us-gaap:FinancingReceivables60To89DaysPastDueMembergabc:AgriculturalMember2021-12-310000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembergabc:AgriculturalMember2021-12-310000714395us-gaap:FinancialAssetPastDueMembergabc:AgriculturalMember2021-12-310000714395us-gaap:FinancialAssetNotPastDueMembergabc:AgriculturalMember2021-12-310000714395gabc:LeasesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000714395gabc:LeasesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000714395gabc:LeasesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000714395gabc:LeasesMemberus-gaap:FinancialAssetPastDueMember2021-12-310000714395gabc:LeasesMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000714395us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:HomeEquityLoanMember2021-12-310000714395us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:HomeEquityLoanMember2021-12-310000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:HomeEquityLoanMember2021-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetPastDueMember2021-12-310000714395us-gaap:FinancialAssetNotPastDueMemberus-gaap:HomeEquityLoanMember2021-12-310000714395us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerLoanMember2021-12-310000714395us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerLoanMember2021-12-310000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerLoanMember2021-12-310000714395us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerLoanMember2021-12-310000714395us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerLoanMember2021-12-310000714395us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CreditCardReceivablesMember2021-12-310000714395us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CreditCardReceivablesMember2021-12-310000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CreditCardReceivablesMember2021-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:FinancialAssetPastDueMember2021-12-310000714395us-gaap:FinancialAssetNotPastDueMemberus-gaap:CreditCardReceivablesMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancialAssetPastDueMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000714395us-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000714395us-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000714395us-gaap:FinancialAssetPastDueMember2021-12-310000714395us-gaap:FinancialAssetNotPastDueMember2021-12-310000714395us-gaap:PassMembergabc:CommercialAndIndustrialMember2022-09-300000714395gabc:CommercialAndIndustrialMemberus-gaap:SpecialMentionMember2022-09-300000714395us-gaap:SubstandardMembergabc:CommercialAndIndustrialMember2022-09-300000714395us-gaap:DoubtfulMembergabc:CommercialAndIndustrialMember2022-09-300000714395us-gaap:PassMemberus-gaap:CommercialRealEstateMember2022-09-300000714395us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2022-09-300000714395us-gaap:CommercialRealEstateMemberus-gaap:SubstandardMember2022-09-300000714395us-gaap:DoubtfulMemberus-gaap:CommercialRealEstateMember2022-09-300000714395us-gaap:PassMembergabc:AgriculturalMember2022-09-300000714395gabc:AgriculturalMemberus-gaap:SpecialMentionMember2022-09-300000714395us-gaap:SubstandardMembergabc:AgriculturalMember2022-09-300000714395us-gaap:DoubtfulMembergabc:AgriculturalMember2022-09-300000714395gabc:LeasesMemberus-gaap:PassMember2022-09-300000714395gabc:LeasesMemberus-gaap:SpecialMentionMember2022-09-300000714395gabc:LeasesMemberus-gaap:SubstandardMember2022-09-300000714395gabc:LeasesMemberus-gaap:DoubtfulMember2022-09-300000714395us-gaap:PassMembergabc:CommercialAndIndustrialMember2021-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:SpecialMentionMember2021-12-310000714395us-gaap:SubstandardMembergabc:CommercialAndIndustrialMember2021-12-310000714395us-gaap:DoubtfulMembergabc:CommercialAndIndustrialMember2021-12-310000714395us-gaap:PassMemberus-gaap:CommercialRealEstateMember2021-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2021-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:SubstandardMember2021-12-310000714395us-gaap:DoubtfulMemberus-gaap:CommercialRealEstateMember2021-12-310000714395us-gaap:PassMembergabc:AgriculturalMember2021-12-310000714395gabc:AgriculturalMemberus-gaap:SpecialMentionMember2021-12-310000714395us-gaap:SubstandardMembergabc:AgriculturalMember2021-12-310000714395us-gaap:DoubtfulMembergabc:AgriculturalMember2021-12-310000714395gabc:LeasesMemberus-gaap:PassMember2021-12-310000714395gabc:LeasesMemberus-gaap:SpecialMentionMember2021-12-310000714395gabc:LeasesMemberus-gaap:SubstandardMember2021-12-310000714395gabc:LeasesMemberus-gaap:DoubtfulMember2021-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:PerformingFinancingReceivableMember2022-09-300000714395us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerLoanMember2022-09-300000714395us-gaap:HomeEquityLoanMemberus-gaap:PerformingFinancingReceivableMember2022-09-300000714395us-gaap:NonperformingFinancingReceivableMemberus-gaap:HomeEquityLoanMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:PerformingFinancingReceivableMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:NonperformingFinancingReceivableMember2022-09-300000714395us-gaap:ConsumerLoanMemberus-gaap:PerformingFinancingReceivableMember2021-12-310000714395us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerLoanMember2021-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:PerformingFinancingReceivableMember2021-12-310000714395us-gaap:NonperformingFinancingReceivableMemberus-gaap:HomeEquityLoanMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:PerformingFinancingReceivableMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:NonperformingFinancingReceivableMember2021-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:PerformingFinancingReceivableMember2022-09-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:PerformingFinancingReceivableMember2021-12-310000714395us-gaap:NonperformingFinancingReceivableMemberus-gaap:CreditCardReceivablesMember2022-09-300000714395us-gaap:NonperformingFinancingReceivableMemberus-gaap:CreditCardReceivablesMember2021-12-310000714395gabc:CommercialAndIndustrialMember2021-01-012021-12-310000714395us-gaap:CommercialRealEstateMember2021-01-012021-12-310000714395gabc:AgriculturalMember2021-01-012021-12-310000714395gabc:LeasesMember2021-01-012021-12-310000714395us-gaap:ConsumerLoanMember2021-01-012021-12-310000714395us-gaap:HomeEquityLoanMember2021-01-012021-12-310000714395us-gaap:CreditCardReceivablesMember2021-01-012021-12-310000714395us-gaap:ResidentialMortgageMember2021-01-012021-12-310000714395us-gaap:MortgageBackedSecuritiesMemberus-gaap:MaturityOvernightMembergabc:FHLBAdvancesandOtherBorrowingsMember2022-09-300000714395us-gaap:MortgageBackedSecuritiesMemberus-gaap:MaturityOvernightMembergabc:FHLBAdvancesandOtherBorrowingsMember2021-12-31gabc:segmentgabc:banking_office0000714395gabc:RetailBankingMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300000714395us-gaap:OperatingSegmentsMembergabc:WealthManagementServicesMember2022-07-012022-09-300000714395us-gaap:OperatingSegmentsMembergabc:InsuranceMember2022-07-012022-09-300000714395srt:ConsolidationEliminationsMember2022-07-012022-09-300000714395gabc:RetailBankingMemberus-gaap:OperatingSegmentsMember2022-09-300000714395us-gaap:OperatingSegmentsMembergabc:WealthManagementServicesMember2022-09-300000714395us-gaap:OperatingSegmentsMembergabc:InsuranceMember2022-09-300000714395srt:ConsolidationEliminationsMember2022-09-300000714395gabc:RetailBankingMemberus-gaap:OperatingSegmentsMember2021-07-012021-09-300000714395us-gaap:OperatingSegmentsMembergabc:WealthManagementServicesMember2021-07-012021-09-300000714395us-gaap:OperatingSegmentsMembergabc:InsuranceMember2021-07-012021-09-300000714395srt:ConsolidationEliminationsMember2021-07-012021-09-300000714395gabc:RetailBankingMemberus-gaap:OperatingSegmentsMember2021-12-310000714395us-gaap:OperatingSegmentsMembergabc:WealthManagementServicesMember2021-12-310000714395us-gaap:OperatingSegmentsMembergabc:InsuranceMember2021-12-310000714395srt:ConsolidationEliminationsMember2021-12-310000714395gabc:RetailBankingMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300000714395us-gaap:OperatingSegmentsMembergabc:WealthManagementServicesMember2022-01-012022-09-300000714395us-gaap:OperatingSegmentsMembergabc:InsuranceMember2022-01-012022-09-300000714395srt:ConsolidationEliminationsMember2022-01-012022-09-300000714395gabc:RetailBankingMemberus-gaap:OperatingSegmentsMember2021-01-012021-09-300000714395us-gaap:OperatingSegmentsMembergabc:WealthManagementServicesMember2021-01-012021-09-300000714395us-gaap:OperatingSegmentsMembergabc:InsuranceMember2021-01-012021-09-300000714395srt:ConsolidationEliminationsMember2021-01-012021-09-300000714395us-gaap:CommonStockMembergabc:ShareRepurchaseProgram2022Member2022-01-310000714395us-gaap:CommonStockMembergabc:ShareRepurchaseProgram2022Member2022-01-312022-01-310000714395us-gaap:CommonStockMembergabc:ShareRepurchaseProgram2021Member2022-01-310000714395us-gaap:CommonStockMembergabc:ShareRepurchaseProgram2021Member2022-01-312022-09-300000714395gabc:ShareRepurchaseProgram2022Member2022-01-312022-09-30gabc:plan0000714395gabc:LongTermEquityIncentivePlan2009Member2022-09-300000714395gabc:LongTermEquityIncentivePlan2019Member2022-09-300000714395us-gaap:EmployeeStockOptionMember2021-01-012021-09-300000714395us-gaap:EmployeeStockOptionMember2021-07-012021-09-300000714395us-gaap:EmployeeStockOptionMember2022-07-012022-09-300000714395us-gaap:EmployeeStockOptionMember2022-01-012022-09-300000714395us-gaap:EmployeeStockOptionMember2022-09-300000714395us-gaap:EmployeeStockOptionMember2021-09-300000714395us-gaap:RestrictedStockMember2019-01-012019-12-310000714395us-gaap:RestrictedStockMember2020-01-012020-12-31gabc:installment0000714395gabc:LongTermEquityIncentivePlan2009Memberus-gaap:ShareBasedCompensationAwardTrancheTwoMemberus-gaap:RestrictedStockMember2019-01-012019-12-310000714395us-gaap:ShareBasedCompensationAwardTrancheThreeMembergabc:LongTermEquityIncentivePlan2009Memberus-gaap:RestrictedStockMember2019-01-012019-12-310000714395us-gaap:ShareBasedCompensationAwardTrancheOneMemberus-gaap:RestrictedStockMember2019-01-012019-12-310000714395us-gaap:ShareBasedCompensationAwardTrancheOneMemberus-gaap:RestrictedStockMember2020-01-012020-12-310000714395us-gaap:ShareBasedCompensationAwardTrancheThreeMembergabc:LongTermEquityIncentivePlan2009Memberus-gaap:RestrictedStockMember2020-01-012020-12-310000714395us-gaap:ShareBasedCompensationAwardTrancheTwoMemberus-gaap:RestrictedStockMember2020-01-012020-12-310000714395us-gaap:RestrictedStockMembersrt:ExecutiveOfficerMember2021-01-012022-09-300000714395srt:DirectorMemberus-gaap:RestrictedStockMember2021-01-012022-09-300000714395us-gaap:RestrictedStockMember2022-07-012022-09-300000714395us-gaap:RestrictedStockMember2022-01-012022-09-300000714395us-gaap:RestrictedStockMember2021-07-012021-09-300000714395us-gaap:RestrictedStockMember2021-01-012021-09-300000714395us-gaap:RestrictedStockMember2022-09-300000714395us-gaap:RestrictedStockMember2021-12-310000714395us-gaap:RestrictedStockMember2021-09-300000714395gabc:EmployeeStockPurchasePlan2019Member2019-10-012019-10-010000714395gabc:EmployeeStockPurchasePlan2019Member2019-10-010000714395gabc:EmployeeStockPurchasePlan2009Memberus-gaap:EmployeeStockMember2022-07-012022-09-300000714395gabc:EmployeeStockPurchasePlan2009Memberus-gaap:EmployeeStockMember2022-01-012022-09-300000714395gabc:EmployeeStockPurchasePlan2009Memberus-gaap:EmployeeStockMember2021-07-012021-09-300000714395gabc:EmployeeStockPurchasePlan2009Memberus-gaap:EmployeeStockMember2021-01-012021-09-300000714395gabc:EmployeeStockPurchasePlan2009Memberus-gaap:EmployeeStockMember2022-09-300000714395gabc:EmployeeStockPurchasePlan2009Memberus-gaap:EmployeeStockMember2021-09-300000714395us-gaap:ShareBasedCompensationAwardTrancheTwoMemberus-gaap:RestrictedStockMembersrt:ExecutiveOfficerMember2021-01-012022-09-300000714395us-gaap:ShareBasedCompensationAwardTrancheOneMemberus-gaap:RestrictedStockMembersrt:ExecutiveOfficerMember2021-01-012022-09-300000714395us-gaap:ShareBasedCompensationAwardTrancheThreeMemberus-gaap:RestrictedStockMembersrt:ExecutiveOfficerMember2021-01-012022-09-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395gabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel2Membergabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395gabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395gabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:FairValueMeasurementsRecurringMember2022-09-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395gabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel2Membergabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395gabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395gabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395us-gaap:FairValueMeasurementsRecurringMember2021-12-310000714395gabc:LoansHeldforsaleMember2022-07-012022-09-300000714395gabc:LoansHeldforsaleMember2022-01-012022-09-300000714395gabc:LoansHeldforsaleMember2021-07-012021-09-300000714395gabc:LoansHeldforsaleMember2021-01-012021-09-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-07-012022-09-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-07-012021-09-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-09-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-01-012022-09-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-01-012021-09-300000714395us-gaap:FairValueInputsLevel1Membergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel2Membergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395gabc:CommercialAndIndustrialMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel1Membergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:CommercialRealEstateMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel3Membergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:CommercialRealEstateMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel1Membergabc:ImpairedLoansMembergabc:AgriculturalMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel2Membergabc:ImpairedLoansMembergabc:AgriculturalMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel3Membergabc:ImpairedLoansMembergabc:AgriculturalMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395gabc:ImpairedLoansMembergabc:AgriculturalMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:ConsumerLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:HomeEquityLoanMemberus-gaap:FairValueInputsLevel1Membergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:HomeEquityLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel1Membergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel2Membergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel3Membergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:ResidentialMortgageMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:FairValueInputsLevel1Membergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel2Membergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395gabc:CommercialAndIndustrialMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel1Membergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:CommercialRealEstateMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel3Membergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:CommercialRealEstateMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel1Membergabc:ImpairedLoansMembergabc:AgriculturalMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel2Membergabc:ImpairedLoansMembergabc:AgriculturalMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel3Membergabc:ImpairedLoansMembergabc:AgriculturalMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395gabc:ImpairedLoansMembergabc:AgriculturalMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel1Memberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:ConsumerLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:FairValueInputsLevel1Membergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:HomeEquityLoanMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel1Membergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel2Membergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel3Membergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:ResidentialMortgageMembergabc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395gabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395srt:MinimumMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMember2022-09-300000714395us-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMember2022-09-300000714395srt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMember2022-09-300000714395gabc:ImpairedLoansMemberus-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395srt:MinimumMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel3Member2022-09-300000714395us-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:CommercialRealEstateMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Member2022-09-300000714395srt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel3Member2022-09-300000714395gabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395srt:MinimumMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMember2022-09-300000714395us-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMember2022-09-300000714395srt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMember2022-09-300000714395gabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395srt:MinimumMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMember2022-09-300000714395us-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMember2022-09-300000714395srt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMember2022-09-300000714395gabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395srt:MinimumMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMember2022-09-300000714395us-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMember2022-09-300000714395srt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMember2022-09-300000714395us-gaap:ResidentialMortgageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000714395us-gaap:ResidentialMortgageMembersrt:MinimumMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Member2022-09-300000714395us-gaap:ResidentialMortgageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Member2022-09-300000714395us-gaap:ResidentialMortgageMembersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Member2022-09-300000714395gabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395srt:MinimumMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMember2021-12-310000714395us-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMember2021-12-310000714395srt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMember2021-12-310000714395gabc:ImpairedLoansMemberus-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395srt:MinimumMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel3Member2021-12-310000714395us-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:CommercialRealEstateMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Member2021-12-310000714395srt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel3Member2021-12-310000714395gabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395srt:MinimumMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMember2021-12-310000714395us-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMember2021-12-310000714395srt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMember2021-12-310000714395gabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMember2021-12-310000714395srt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMember2021-12-310000714395gabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395srt:MinimumMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMember2021-12-310000714395us-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMember2021-12-310000714395srt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMember2021-12-310000714395us-gaap:ResidentialMortgageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000714395us-gaap:ResidentialMortgageMembersrt:MinimumMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Member2021-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Member2021-12-310000714395us-gaap:ResidentialMortgageMembersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Member2021-12-310000714395us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-09-300000714395us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2022-09-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-09-300000714395us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2022-09-300000714395us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-09-300000714395us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000714395us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2021-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310000714395us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2021-12-310000714395us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-06-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-06-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-07-012022-09-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-07-012022-09-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-09-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-09-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-310000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-12-310000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-09-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-01-012022-09-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-06-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-06-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-07-012021-09-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-07-012021-09-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-09-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-09-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-12-310000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-12-310000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-09-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-01-012021-09-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2022-01-012022-09-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2021-07-012021-09-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2021-01-012021-09-300000714395gabc:WealthManagementFeesMemberus-gaap:AccountingStandardsUpdate201409Member2022-07-012022-09-300000714395gabc:WealthManagementFeesMemberus-gaap:AccountingStandardsUpdate201409Member2021-07-012021-09-300000714395us-gaap:AccountingStandardsUpdate201409Memberus-gaap:TransferredAtPointInTimeMembergabc:ServiceChargeonDepositAccountsMember2022-07-012022-09-300000714395us-gaap:AccountingStandardsUpdate201409Memberus-gaap:TransferredAtPointInTimeMembergabc:ServiceChargeonDepositAccountsMember2021-07-012021-09-300000714395us-gaap:TransferredOverTimeMembergabc:InsuranceRevenueMemberus-gaap:AccountingStandardsUpdate201409Member2022-07-012022-09-300000714395us-gaap:TransferredOverTimeMembergabc:InsuranceRevenueMemberus-gaap:AccountingStandardsUpdate201409Member2021-07-012021-09-300000714395us-gaap:AccountingStandardsUpdate201409Memberus-gaap:TransferredAtPointInTimeMembergabc:InterchangeFeeIncomeMember2022-07-012022-09-300000714395us-gaap:AccountingStandardsUpdate201409Memberus-gaap:TransferredAtPointInTimeMembergabc:InterchangeFeeIncomeMember2021-07-012021-09-300000714395us-gaap:AccountingStandardsUpdate201409Memberus-gaap:TransferredAtPointInTimeMembergabc:OtherOperatingIncomeMember2022-07-012022-09-300000714395us-gaap:AccountingStandardsUpdate201409Memberus-gaap:TransferredAtPointInTimeMembergabc:OtherOperatingIncomeMember2021-07-012021-09-300000714395us-gaap:AccountingStandardsUpdate201409Member2022-07-012022-09-300000714395us-gaap:AccountingStandardsUpdate201409Member2021-07-012021-09-300000714395gabc:WealthManagementFeesMemberus-gaap:AccountingStandardsUpdate201409Member2022-01-012022-09-300000714395gabc:WealthManagementFeesMemberus-gaap:AccountingStandardsUpdate201409Member2021-01-012021-09-300000714395us-gaap:AccountingStandardsUpdate201409Memberus-gaap:TransferredAtPointInTimeMembergabc:ServiceChargeonDepositAccountsMember2022-01-012022-09-300000714395us-gaap:AccountingStandardsUpdate201409Memberus-gaap:TransferredAtPointInTimeMembergabc:ServiceChargeonDepositAccountsMember2021-01-012021-09-300000714395us-gaap:TransferredOverTimeMembergabc:InsuranceRevenueMemberus-gaap:AccountingStandardsUpdate201409Member2022-01-012022-09-300000714395us-gaap:TransferredOverTimeMembergabc:InsuranceRevenueMemberus-gaap:AccountingStandardsUpdate201409Member2021-01-012021-09-300000714395us-gaap:AccountingStandardsUpdate201409Memberus-gaap:TransferredAtPointInTimeMembergabc:InterchangeFeeIncomeMember2022-01-012022-09-300000714395us-gaap:AccountingStandardsUpdate201409Memberus-gaap:TransferredAtPointInTimeMembergabc:InterchangeFeeIncomeMember2021-01-012021-09-300000714395us-gaap:AccountingStandardsUpdate201409Memberus-gaap:TransferredAtPointInTimeMembergabc:OtherOperatingIncomeMember2022-01-012022-09-300000714395us-gaap:AccountingStandardsUpdate201409Memberus-gaap:TransferredAtPointInTimeMembergabc:OtherOperatingIncomeMember2021-01-012021-09-300000714395us-gaap:AccountingStandardsUpdate201409Member2022-01-012022-09-300000714395us-gaap:AccountingStandardsUpdate201409Member2021-01-012021-09-300000714395gabc:CitizensUnionBancorpOfShelbyvilleIncCUBMemberstpr:KYgabc:CitizensUnionBancorpOfShelbyvilleIncCUBMember2022-01-010000714395gabc:CitizensUnionBancorpOfShelbyvilleIncCUBMembergabc:CitizensUnionBancorpOfShelbyvilleIncCUBMember2022-01-010000714395gabc:CitizensUnionBancorpOfShelbyvilleIncCUBMember2022-01-012022-01-010000714395gabc:CitizensUnionBancorpOfShelbyvilleIncCUBMemberus-gaap:CoreDepositsMember2022-01-010000714395gabc:CitizensUnionBancorpOfShelbyvilleIncCUBMemberus-gaap:CoreDepositsMember2022-01-012022-01-010000714395us-gaap:CommonStockMembergabc:CitizensUnionBancorpOfShelbyvilleIncCUBMember2022-01-010000714395us-gaap:CommonStockMembergabc:CitizensUnionBancorpOfShelbyvilleIncCUBMember2022-01-012022-01-010000714395us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembergabc:CitizensUnionBancorpOfShelbyvilleIncCUBMember2022-01-010000714395gabc:CitizensUnionBancorpOfShelbyvilleIncCUBMember2022-07-012022-09-300000714395gabc:CitizensUnionBancorpOfShelbyvilleIncCUBMember2022-01-012022-09-300000714395srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembergabc:CitizensUnionBancorpOfShelbyvilleIncCUBMember2022-09-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
WASHINGTON, D.C. 20549
 
FORM 10-Q
 
Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended September 30, 2022
 
Commission File Number 001-15877
 
German American Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Indiana 35-1547518
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
 
711 Main Street, Jasper, Indiana 47546
(Address of Principal Executive Offices and Zip Code)
 
Registrant’s telephone number, including area code: (812) 482-1314
 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
 
Yes   x      No ¨
 
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
 
Yes   x      No ¨
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company:
Large accelerated filerx
Accelerated filer ¨
Non-accelerated filer ¨
Smaller reporting companyEmerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): 
Yes         No x
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, no par valueGABCNasdaq Global Select Market

As of October 31, 2022, the registrant had 29,485,121 outstanding shares of Common Stock, no par value.



CAUTION REGARDING FORWARD-LOOKING STATEMENTS AND ASSOCIATED RISKS
 
Information included in or incorporated by reference in this Quarterly Report on Form 10-Q, our other filings with the Securities and Exchange Commission (the “SEC”) and our press releases or other public statements contains or may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Please refer to the discussions of our forward-looking statements and associated risks in our Annual Report on Form 10-K for the year ended December 31, 2021, in Item 1, “Business - Forward-Looking Statements and Associated Risks” and our discussion of risk factors in Item 1A, “Risk Factors” of that Annual Report on Form 10-K, as updated and supplemented from time to time by our subsequent SEC filings, including by the discussion under the heading “Forward-Looking Statements and Associated Risks” at the conclusion of Item 2 of Part I of this Report (“Management’s Discussion and Analysis of Financial Condition and Results of Operations”), and by the additional risk factors set forth in Part II, Item 1A, “Risk Factors” of this Report.


2


*****
 
INDEX
 
Glossary of Terms and Acronyms
PART I.            FINANCIAL INFORMATION
   
Item 1.Unaudited Financial Statements
   
 Consolidated Balance Sheets – September 30, 2022 and December 31, 2021
   
 Consolidated Statements of Income – Three Months Ended September 30, 2022 and 2021
Consolidated Statements of Income – Nine Months Ended September 30, 2022 and 2021
   
 Consolidated Statements of Comprehensive Income (Loss) – Three and Nine Months Ended September 30, 2022 and 2021
   
Consolidated Statements of Changes in Shareholders’ Equity - Three and Nine Months Ended September 30, 2022 and 2021
 Consolidated Statements of Cash Flows – Nine Months Ended September 30, 2022 and 2021
   
 Notes to Consolidated Financial Statements – September 30, 2022
   
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations
   
Item 3.Quantitative and Qualitative Disclosures About Market Risk
   
Item 4. Controls and Procedures
   
PART II.           OTHER INFORMATION
Item 1.Legal Proceedings
   
Item 1A.Risk Factors
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds
Item 3.Defaults Upon Senior Securities
Item 4.Mine Safety Disclosures
Item 5.Other Information
   
Item 6.Exhibits
   
SIGNATURES
3


GLOSSARY OF TERMS AND ACRONYMS
As used in this Report, references to “Company,” “we,” “our,” “us,” and similar terms refer to German American Bancorp, Inc. and its consolidated subsidiaries as a whole. Occasionally, we will refer to the term “parent company” or “holding company” when we mean to refer to only German American Bancorp, Inc. and the term “Bank” when we mean to refer only to German American Bank, the Company’s bank subsidiary.
The terms and acronyms identified below are used throughout this Report, including the Notes to Consolidated Financial Statements. You may find it helpful to refer to this Glossary as you read this Report.
2019 ESPP:     German American Bancorp, Inc. 2019 Employee Stock Purchase Plan
2019 LTI Plan:     German American Bancorp, Inc. 2019 Long-Term Equity Incentive Plan
ASC:     Accounting Standards Codification
ASU:     Accounting Standards Update
Basel III Rules:    Regulatory capital rules agreed to by the Basel Committee on Banking Supervision, as issued by the FRB and OCC and published in the Federal Register on October 11, 2013
CARES Act:    Coronavirus Aid, Relief and Economic Security Act
CECL:     Current expected credit losses, which are the subject of an accounting standard under GAAP
CET1:     Common Equity Tier 1
CMO:     Collateralized mortgage obligations
COVID-19:    Novel coronavirus disease 2019 declared, in March 2020, by the World Health Organization as a global pandemic and by the President of the United States as a national emergency
CUB:    Citizens Union Bancorp of Shelbyville, Inc., which was acquired by the Company on January 1, 2022

Dodd-Frank Act:     Dodd-Frank Wall Street Reform and Consumer Protection Act
FASB:     Financial Accounting Standards Board
FDIC:     Federal Deposit Insurance Corporation
federal banking
regulators:    The FRB, the OCC, and the FDIC, collectively
FHLB:     Federal Home Loan Bank
FRB:     Board of Governors of the Federal Reserve System
GAAP:    Generally Accepted Accounting Principles in the United States of America
LIBOR:    London Interbank Offered Rate
MBS:     Mortgage-backed securities
NPV:     Net portfolio value
OCC:     Office of the Comptroller of the Currency
PCD:     Purchased with credit deterioration
4


PPP:    Paycheck Protection Program established under the CARES Act
SBA:    Small Business Administration
SEC:    Securities and Exchange Commission
SOFR:    Secured Overnight Funding Rate recommended as an alternative to LIBOR by the Alternative Reference Rate Committee, a U.S.-based group convened by the FRB and the Federal Reserve Bank of New York
TDR:    Troubled Debt Restructurings



5


PART  I.         FINANCIAL INFORMATION
Item 1.           Unaudited Financial Statements
GERMAN AMERICAN BANCORP, INC.
CONSOLIDATED BALANCE SHEETS
(unaudited, dollars in thousands except share and per share data)
 September 30,
2022
December 31,
2021
ASSETS  
Cash and Due from Banks$70,660 $47,173 
Federal Funds Sold and Other Short-term Investments302,386 349,717 
Cash and Cash Equivalents373,046 396,890 
Interest-bearing Time Deposits with Banks747 745 
Securities Available-for-Sale, at Fair Value (Amortized Cost $2,092,522 for September 30, 2022; Amortized Cost $1,869,198 for December 31, 2021; No Allowance for Credit Losses)
1,701,628 1,889,617 
Other Investments353 353 
Loans Held-for-Sale, at Fair Value10,418 10,585 
Loans3,686,368 3,007,926 
Less: Unearned Income(3,852)(3,662)
Allowance for Credit Losses(44,699)(37,017)
Loans, Net3,637,817 2,967,247 
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost15,106 13,048 
Premises, Furniture and Equipment, Net111,098 88,863 
Other Real Estate  
Goodwill180,476 121,761 
Intangible Assets10,336 5,845 
Company Owned Life Insurance83,501 70,070 
Accrued Interest Receivable and Other Assets135,379 43,515 
TOTAL ASSETS$6,259,905 $5,608,539 
LIABILITIES  
Non-interest-bearing Demand Deposits$1,755,065 $1,529,223 
Interest-bearing Demand, Savings, and Money Market Accounts3,381,082 2,867,994 
Time Deposits438,194 347,099 
Total Deposits5,574,341 4,744,316 
FHLB Advances and Other Borrowings146,015 152,183 
Accrued Interest Payable and Other Liabilities44,848 43,581 
TOTAL LIABILITIES5,765,204 4,940,080 
SHAREHOLDERS’ EQUITY  
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized
29,485 26,554 
Additional Paid-in Capital386,764 276,057 
Retained Earnings387,510 350,364 
Accumulated Other Comprehensive Income (Loss)(309,058)15,484 
TOTAL SHAREHOLDERS’ EQUITY494,701 668,459 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$6,259,905 $5,608,539 
End of period shares issued and outstanding29,485,121 26,553,508 



See accompanying notes to consolidated financial statements.
6


GERMAN AMERICAN BANCORP, INC.
CONSOLIDATED STATEMENTS OF INCOME
(unaudited, dollars in thousands except per share data)
 Three Months Ended 
September 30,
 20222021
INTEREST INCOME  
Interest and Fees on Loans$43,128 $35,483 
Interest on Federal Funds Sold and Other Short-term Investments2,053 141 
Interest and Dividends on Securities:  
Taxable5,276 3,261 
Non-taxable6,067 4,690 
TOTAL INTEREST INCOME56,524 43,575 
INTEREST EXPENSE  
Interest on Deposits3,597 1,139 
Interest on FHLB Advances and Other Borrowings1,229 1,149 
TOTAL INTEREST EXPENSE4,826 2,288 
NET INTEREST INCOME51,698 41,287 
Provision (Benefit) for Credit Losses350 (2,000)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES51,348 43,287 
NON-INTEREST INCOME  
Wealth Management Fees2,376 2,690 
Service Charges on Deposit Accounts3,014 2,017 
Insurance Revenues1,995 2,007 
Company Owned Life Insurance416 493 
Interchange Fee Income4,054 3,339 
Other Operating Income1,365 2,595 
Net Gains on Sales of Loans854 2,197 
Net Gains on Securities23 218 
TOTAL NON-INTEREST INCOME14,097 15,556 
NON-INTEREST EXPENSE  
Salaries and Employee Benefits19,751 17,274 
Occupancy Expense2,764 2,530 
Furniture and Equipment Expense921 923 
FDIC Premiums477 383 
Data Processing Fees2,712 2,006 
Professional Fees1,188 1,357 
Advertising and Promotion1,215 897 
Intangible Amortization897 661 
Other Operating Expenses4,791 6,413 
TOTAL NON-INTEREST EXPENSE34,716 32,444 
Income before Income Taxes30,729 26,399 
Income Tax Expense6,133 4,913 
NET INCOME$24,596 $21,486 
Basic Earnings per Share$0.83 $0.81 
Diluted Earnings per Share$0.83 $0.81 
 



See accompanying notes to consolidated financial statements.
7


GERMAN AMERICAN BANCORP, INC.
CONSOLIDATED STATEMENTS OF INCOME
(unaudited, dollars in thousands except per share data)
 Nine Months Ended
September 30,
 20222021
INTEREST INCOME  
Interest and Fees on Loans$122,050 $105,091 
Interest on Federal Funds Sold and Other Short-term Investments3,565 329 
Interest and Dividends on Securities:
Taxable14,909 9,391 
Non-taxable17,541 12,583 
TOTAL INTEREST INCOME158,065 127,394 
INTEREST EXPENSE  
Interest on Deposits6,475 3,850 
Interest on FHLB Advances and Other Borrowings3,387 3,445 
TOTAL INTEREST EXPENSE9,862 7,295 
NET INTEREST INCOME148,203 120,099 
Provision (Benefit) for Credit Losses5,850 (8,500)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES142,353 128,599 
NON-INTEREST INCOME  
Wealth Management Fees7,656 7,668 
Service Charges on Deposit Accounts8,568 5,430 
Insurance Revenues7,970 7,319 
Company Owned Life Insurance1,768 1,230 
Interchange Fee Income11,848 9,651 
Other Operating Income3,858 5,287 
Net Gains on Sales of Loans3,324 6,417 
Net Gains on Securities473 1,493 
TOTAL NON-INTEREST INCOME45,465 44,495 
NON-INTEREST EXPENSE  
Salaries and Employee Benefits63,223 51,454 
Occupancy Expense8,446 8,735 
Furniture and Equipment Expense2,820 2,896 
FDIC Premiums1,418 1,046 
Data Processing Fees12,896 5,528 
Professional Fees5,124 4,030 
Advertising and Promotion3,380 2,384 
Intangible Amortization2,871 2,132 
Other Operating Expenses18,399 14,535 
TOTAL NON-INTEREST EXPENSE118,577 92,740 
Income before Income Taxes69,241 80,354 
Income Tax Expense11,831 15,489 
NET INCOME$57,410 $64,865 
Basic Earnings per Share$1.95 $2.44 
Diluted Earnings per Share$1.95 $2.44 




See accompanying notes to consolidated financial statements.
8


GERMAN AMERICAN BANCORP, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(unaudited, dollars in thousands)
 
 Three Months Ended 
September 30,
 20222021
NET INCOME$24,596 $21,486 
Other Comprehensive Income (Loss):  
Unrealized Gains (Losses) on Securities:  
Unrealized Holding Gain (Loss) Arising During the Period(124,142)(18,983)
Reclassification Adjustment for Gains Included in Net Income(24)(218)
Tax Effect26,203 4,040 
Net of Tax(97,963)(15,161)
Total Other Comprehensive Income (Loss)(97,963)(15,161)
COMPREHENSIVE INCOME (LOSS)$(73,367)$6,325 
 

 
 



 Nine Months Ended 
September 30,
 20222021
NET INCOME$57,410 $64,865 
Other Comprehensive Income (Loss):  
Unrealized Gains (Losses) on Securities:  
Unrealized Holding Gain (Loss) Arising During the Period(410,839)(29,081)
Reclassification Adjustment for Gains Included in Net Income(474)(1,493)
Tax Effect86,771 6,463 
Net of Tax(324,542)(24,111)
Total Other Comprehensive Income (Loss)(324,542)(24,111)
COMPREHENSIVE INCOME (LOSS)$(267,132)$40,754 










See accompanying notes to consolidated financial statements.
9


GERMAN AMERICAN BANCORP, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY
(unaudited, dollars in thousands)

Common Stock
 SharesAmountAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Total Shareholders' Equity
Balances, January 1, 202226,553,508 $26,554 $276,057 $350,364 $15,484 $668,459 
Net Income— — — 9,067 — 9,067 
Other Comprehensive Income (Loss)— — — — (133,885)(133,885)
Cash Dividends ($0.23 per share)
— — — (6,752)— (6,752)
Issuance of Common Stock for:
Acquisition of Citizens Union Bancorp of Shelbyville, Inc., net2,870,975 2,871 108,852 — — 111,723 
Restricted Share Grants61,200 61 363 — — 424 
Balances, March 31, 202229,485,683 $29,486 $385,272 $352,679 $(118,401)$649,036 
Net Income— — — 23,747 — 23,747 
Other Comprehensive Income (Loss)— — — — (92,694)(92,694)
Cash Dividends ($0.23 per share)
— — — (6,753)— (6,753)
Issuance of Common Stock for:  
Restricted Share Grants(2,638)(3)1,096 — — 1,093 
Balances, June 30, 202229,483,045 $29,483 $386,368 $369,673 $(211,095)$574,429 
Net Income— — — 24,596 — 24,596 
Other Comprehensive Income (Loss)— — — — (97,963)(97,963)
Cash Dividends ($0.23 per share)
— — — (6,759)— (6,759)
Issuance of Common Stock for:
Restricted Share Grants2,076 2 396 — — 398 
Balances, September 30, 202229,485,121 $29,485 $386,764 $387,510 $(309,058)$494,701 












See accompanying notes to consolidated financial statements.
10


GERMAN AMERICAN BANCORP, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY
(unaudited, dollars in thousands)

Common Stock
 SharesAmountAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Total Shareholders' Equity
Balances, January 1, 202126,502,157 $26,502 $274,385 $288,447 $35,375 $624,709 
Net Income— — — 19,557 — 19,557 
Other Comprehensive Income (Loss)— — — — (21,828)(21,828)
Cash Dividends ($0.21 per share)
— — — (5,554)— (5,554)
Issuance of Common Stock for:
Restricted Share Grants44,123 44 285 — — 329 
Balances, March 31, 202126,546,280 $26,546 $274,670 $302,450 $13,547 $617,213 
Net Income— — — 23,822 — 23,822 
Other Comprehensive Income (Loss)— — — — 12,878 12,878 
Cash Dividends ($0.21 per share)
— — — (5,555)— (5,555)
Issuance of Common Stock for: 
Restricted Share Grants(576)— 639 — — 639 
Balances, June 30, 202126,545,704 $26,546 $275,309 $320,717 $26,425 $648,997 
Net Income— — — 21,486 — 21,486 
Other Comprehensive Income (Loss)— — — — (15,161)(15,161)