10-Q 1 gabc-20240630.htm 10-Q gabc-20240630
truefalsefalse2024Q2000071439512/3133.3333.3333.33http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortizationhttp://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortizationhttp://fasb.org/us-gaap/2024#OtherBorrowingshttp://fasb.org/us-gaap/2024#OtherBorrowingshttp://fasb.org/us-gaap/2024#InterestReceivableAndOtherAssetshttp://fasb.org/us-gaap/2024#InterestReceivableAndOtherAssetshttp://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrenthttp://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrentxbrli:sharesiso4217:USDiso4217:USDxbrli:sharesgabc:investmentgabc:loangabc:segmentxbrli:puregabc:bankingOffice00007143952024-01-012024-06-3000007143952024-08-0200007143952024-06-3000007143952023-12-3100007143952024-04-012024-06-3000007143952023-04-012023-06-300000714395gabc:WealthManagementFeesMember2024-04-012024-06-300000714395gabc:WealthManagementFeesMember2023-04-012023-06-300000714395gabc:ServiceChargeonDepositAccountsMember2024-04-012024-06-300000714395gabc:ServiceChargeonDepositAccountsMember2023-04-012023-06-300000714395gabc:InsuranceRevenueMember2024-04-012024-06-300000714395gabc:InsuranceRevenueMember2023-04-012023-06-300000714395gabc:InterchangeFeeIncomeMember2024-04-012024-06-300000714395gabc:InterchangeFeeIncomeMember2023-04-012023-06-3000007143952023-01-012023-06-300000714395gabc:WealthManagementFeesMember2024-01-012024-06-300000714395gabc:WealthManagementFeesMember2023-01-012023-06-300000714395gabc:ServiceChargeonDepositAccountsMember2024-01-012024-06-300000714395gabc:ServiceChargeonDepositAccountsMember2023-01-012023-06-300000714395gabc:InsuranceRevenueMember2024-01-012024-06-300000714395gabc:InsuranceRevenueMember2023-01-012023-06-300000714395gabc:InterchangeFeeIncomeMember2024-01-012024-06-300000714395gabc:InterchangeFeeIncomeMember2023-01-012023-06-300000714395us-gaap:CommonStockMember2023-12-310000714395us-gaap:AdditionalPaidInCapitalMember2023-12-310000714395us-gaap:RetainedEarningsMember2023-12-310000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310000714395us-gaap:RetainedEarningsMember2024-01-012024-03-3100007143952024-01-012024-03-310000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-03-310000714395us-gaap:CommonStockMember2024-01-012024-03-310000714395us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-310000714395us-gaap:CommonStockMember2024-03-310000714395us-gaap:AdditionalPaidInCapitalMember2024-03-310000714395us-gaap:RetainedEarningsMember2024-03-310000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-3100007143952024-03-310000714395us-gaap:RetainedEarningsMember2024-04-012024-06-300000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300000714395us-gaap:CommonStockMember2024-04-012024-06-300000714395us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300000714395us-gaap:CommonStockMember2024-06-300000714395us-gaap:AdditionalPaidInCapitalMember2024-06-300000714395us-gaap:RetainedEarningsMember2024-06-300000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300000714395us-gaap:CommonStockMember2022-12-310000714395us-gaap:AdditionalPaidInCapitalMember2022-12-310000714395us-gaap:RetainedEarningsMember2022-12-310000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-3100007143952022-12-310000714395us-gaap:RetainedEarningsMember2023-01-012023-03-3100007143952023-01-012023-03-310000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310000714395us-gaap:CommonStockMember2023-01-012023-03-310000714395us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310000714395us-gaap:CommonStockMember2023-03-310000714395us-gaap:AdditionalPaidInCapitalMember2023-03-310000714395us-gaap:RetainedEarningsMember2023-03-310000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-3100007143952023-03-310000714395us-gaap:RetainedEarningsMember2023-04-012023-06-300000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-012023-06-300000714395us-gaap:CommonStockMember2023-04-012023-06-300000714395us-gaap:AdditionalPaidInCapitalMember2023-04-012023-06-300000714395us-gaap:CommonStockMember2023-06-300000714395us-gaap:AdditionalPaidInCapitalMember2023-06-300000714395us-gaap:RetainedEarningsMember2023-06-300000714395us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-3000007143952023-06-300000714395gabc:HilbGroupMember2024-06-012024-06-0100007143952024-06-012024-06-010000714395us-gaap:USTreasurySecuritiesMember2024-06-300000714395us-gaap:USStatesAndPoliticalSubdivisionsMember2024-06-300000714395us-gaap:ResidentialMortgageBackedSecuritiesMember2024-06-300000714395gabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMember2024-06-300000714395us-gaap:USTreasurySecuritiesMember2023-12-310000714395us-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310000714395us-gaap:ResidentialMortgageBackedSecuritiesMember2023-12-310000714395gabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMember2023-12-310000714395us-gaap:SubsequentEventMember2024-07-012024-07-310000714395us-gaap:EquitySecuritiesMember2024-06-300000714395us-gaap:EquitySecuritiesMember2023-12-3100007143952009-12-310000714395us-gaap:InterestRateSwapMember2024-06-300000714395us-gaap:InterestRateSwapMember2023-12-310000714395us-gaap:OtherAssetsMemberus-gaap:InterestRateSwapMember2024-06-300000714395us-gaap:OtherAssetsMemberus-gaap:InterestRateSwapMember2023-12-310000714395us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMember2024-06-300000714395us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMember2023-12-310000714395us-gaap:OtherIncomeMemberus-gaap:InterestRateSwapMember2024-04-012024-06-300000714395us-gaap:OtherIncomeMemberus-gaap:InterestRateSwapMember2023-04-012023-06-300000714395us-gaap:OtherIncomeMemberus-gaap:InterestRateSwapMember2024-01-012024-06-300000714395us-gaap:OtherIncomeMemberus-gaap:InterestRateSwapMember2023-01-012023-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:CommercialPortfolioSegmentMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:CommercialPortfolioSegmentMember2023-12-310000714395gabc:LeasesMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000714395gabc:LeasesMemberus-gaap:CommercialPortfolioSegmentMember2023-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000714395us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000714395us-gaap:ConsumerLoanMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000714395us-gaap:ResidentialMortgageMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000714395us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000714395us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000714395gabc:CommercialAndIndustrialMember2024-03-310000714395us-gaap:CommercialRealEstateMember2024-03-310000714395gabc:AgriculturalMember2024-03-310000714395gabc:LeasesMember2024-03-310000714395us-gaap:ConsumerLoanMember2024-03-310000714395us-gaap:HomeEquityLoanMember2024-03-310000714395us-gaap:CreditCardReceivablesMember2024-03-310000714395us-gaap:ResidentialMortgageMember2024-03-310000714395gabc:CommercialAndIndustrialMember2024-04-012024-06-300000714395us-gaap:CommercialRealEstateMember2024-04-012024-06-300000714395gabc:AgriculturalMember2024-04-012024-06-300000714395gabc:LeasesMember2024-04-012024-06-300000714395us-gaap:ConsumerLoanMember2024-04-012024-06-300000714395us-gaap:HomeEquityLoanMember2024-04-012024-06-300000714395us-gaap:CreditCardReceivablesMember2024-04-012024-06-300000714395us-gaap:ResidentialMortgageMember2024-04-012024-06-300000714395gabc:CommercialAndIndustrialMember2024-06-300000714395us-gaap:CommercialRealEstateMember2024-06-300000714395gabc:AgriculturalMember2024-06-300000714395gabc:LeasesMember2024-06-300000714395us-gaap:ConsumerLoanMember2024-06-300000714395us-gaap:HomeEquityLoanMember2024-06-300000714395us-gaap:CreditCardReceivablesMember2024-06-300000714395us-gaap:ResidentialMortgageMember2024-06-300000714395gabc:CommercialAndIndustrialMember2023-03-310000714395us-gaap:CommercialRealEstateMember2023-03-310000714395gabc:AgriculturalMember2023-03-310000714395gabc:LeasesMember2023-03-310000714395us-gaap:ConsumerLoanMember2023-03-310000714395us-gaap:HomeEquityLoanMember2023-03-310000714395us-gaap:CreditCardReceivablesMember2023-03-310000714395us-gaap:ResidentialMortgageMember2023-03-310000714395gabc:CommercialAndIndustrialMember2023-04-012023-06-300000714395us-gaap:CommercialRealEstateMember2023-04-012023-06-300000714395gabc:AgriculturalMember2023-04-012023-06-300000714395gabc:LeasesMember2023-04-012023-06-300000714395us-gaap:ConsumerLoanMember2023-04-012023-06-300000714395us-gaap:HomeEquityLoanMember2023-04-012023-06-300000714395us-gaap:CreditCardReceivablesMember2023-04-012023-06-300000714395us-gaap:ResidentialMortgageMember2023-04-012023-06-300000714395gabc:CommercialAndIndustrialMember2023-06-300000714395us-gaap:CommercialRealEstateMember2023-06-300000714395gabc:AgriculturalMember2023-06-300000714395gabc:LeasesMember2023-06-300000714395us-gaap:ConsumerLoanMember2023-06-300000714395us-gaap:HomeEquityLoanMember2023-06-300000714395us-gaap:CreditCardReceivablesMember2023-06-300000714395us-gaap:ResidentialMortgageMember2023-06-300000714395gabc:CommercialAndIndustrialMember2023-12-310000714395us-gaap:CommercialRealEstateMember2023-12-310000714395gabc:AgriculturalMember2023-12-310000714395gabc:LeasesMember2023-12-310000714395us-gaap:ConsumerLoanMember2023-12-310000714395us-gaap:HomeEquityLoanMember2023-12-310000714395us-gaap:CreditCardReceivablesMember2023-12-310000714395us-gaap:ResidentialMortgageMember2023-12-310000714395gabc:CommercialAndIndustrialMember2024-01-012024-06-300000714395us-gaap:CommercialRealEstateMember2024-01-012024-06-300000714395gabc:AgriculturalMember2024-01-012024-06-300000714395gabc:LeasesMember2024-01-012024-06-300000714395us-gaap:ConsumerLoanMember2024-01-012024-06-300000714395us-gaap:HomeEquityLoanMember2024-01-012024-06-300000714395us-gaap:CreditCardReceivablesMember2024-01-012024-06-300000714395us-gaap:ResidentialMortgageMember2024-01-012024-06-300000714395gabc:CommercialAndIndustrialMember2022-12-310000714395us-gaap:CommercialRealEstateMember2022-12-310000714395gabc:AgriculturalMember2022-12-310000714395gabc:LeasesMember2022-12-310000714395us-gaap:ConsumerLoanMember2022-12-310000714395us-gaap:HomeEquityLoanMember2022-12-310000714395us-gaap:CreditCardReceivablesMember2022-12-310000714395us-gaap:ResidentialMortgageMember2022-12-310000714395gabc:CommercialAndIndustrialMember2023-01-012023-06-300000714395us-gaap:CommercialRealEstateMember2023-01-012023-06-300000714395gabc:AgriculturalMember2023-01-012023-06-300000714395gabc:LeasesMember2023-01-012023-06-300000714395us-gaap:ConsumerLoanMember2023-01-012023-06-300000714395us-gaap:HomeEquityLoanMember2023-01-012023-06-300000714395us-gaap:CreditCardReceivablesMember2023-01-012023-06-300000714395us-gaap:ResidentialMortgageMember2023-01-012023-06-3000007143952023-01-012023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:RealEstateMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:EquipmentMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:AccountsReceivableMember2024-06-300000714395gabc:CommercialAndIndustrialMembergabc:OtherCollateralMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:CollateralPledgedMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:RealEstateMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:EquipmentMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:AccountsReceivableMember2024-06-300000714395us-gaap:CommercialRealEstateMembergabc:OtherCollateralMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:CollateralPledgedMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:RealEstateMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:EquipmentMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:AccountsReceivableMember2024-06-300000714395gabc:AgriculturalMembergabc:OtherCollateralMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:CollateralPledgedMember2024-06-300000714395gabc:LeasesMemberus-gaap:RealEstateMember2024-06-300000714395gabc:LeasesMemberus-gaap:EquipmentMember2024-06-300000714395gabc:LeasesMemberus-gaap:AccountsReceivableMember2024-06-300000714395gabc:LeasesMembergabc:OtherCollateralMember2024-06-300000714395gabc:LeasesMemberus-gaap:CollateralPledgedMember2024-06-300000714395us-gaap:HomeEquityLoanMemberus-gaap:RealEstateMember2024-06-300000714395us-gaap:HomeEquityLoanMemberus-gaap:EquipmentMember2024-06-300000714395us-gaap:HomeEquityLoanMemberus-gaap:AccountsReceivableMember2024-06-300000714395us-gaap:HomeEquityLoanMembergabc:OtherCollateralMember2024-06-300000714395us-gaap:HomeEquityLoanMemberus-gaap:CollateralPledgedMember2024-06-300000714395us-gaap:ConsumerLoanMemberus-gaap:RealEstateMember2024-06-300000714395us-gaap:ConsumerLoanMemberus-gaap:EquipmentMember2024-06-300000714395us-gaap:ConsumerLoanMemberus-gaap:AccountsReceivableMember2024-06-300000714395us-gaap:ConsumerLoanMembergabc:OtherCollateralMember2024-06-300000714395us-gaap:ConsumerLoanMemberus-gaap:CollateralPledgedMember2024-06-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:RealEstateMember2024-06-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:EquipmentMember2024-06-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:AccountsReceivableMember2024-06-300000714395us-gaap:CreditCardReceivablesMembergabc:OtherCollateralMember2024-06-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:CollateralPledgedMember2024-06-300000714395us-gaap:ResidentialMortgageMemberus-gaap:RealEstateMember2024-06-300000714395us-gaap:ResidentialMortgageMemberus-gaap:EquipmentMember2024-06-300000714395us-gaap:ResidentialMortgageMemberus-gaap:AccountsReceivableMember2024-06-300000714395us-gaap:ResidentialMortgageMembergabc:OtherCollateralMember2024-06-300000714395us-gaap:ResidentialMortgageMemberus-gaap:CollateralPledgedMember2024-06-300000714395us-gaap:RealEstateMember2024-06-300000714395us-gaap:EquipmentMember2024-06-300000714395us-gaap:AccountsReceivableMember2024-06-300000714395gabc:OtherCollateralMember2024-06-300000714395us-gaap:CollateralPledgedMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:RealEstateMember2023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:EquipmentMember2023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:AccountsReceivableMember2023-12-310000714395gabc:CommercialAndIndustrialMembergabc:OtherCollateralMember2023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:CollateralPledgedMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:RealEstateMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:EquipmentMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:AccountsReceivableMember2023-12-310000714395us-gaap:CommercialRealEstateMembergabc:OtherCollateralMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:CollateralPledgedMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:RealEstateMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:EquipmentMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:AccountsReceivableMember2023-12-310000714395gabc:AgriculturalMembergabc:OtherCollateralMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:CollateralPledgedMember2023-12-310000714395gabc:LeasesMemberus-gaap:RealEstateMember2023-12-310000714395gabc:LeasesMemberus-gaap:EquipmentMember2023-12-310000714395gabc:LeasesMemberus-gaap:AccountsReceivableMember2023-12-310000714395gabc:LeasesMembergabc:OtherCollateralMember2023-12-310000714395gabc:LeasesMemberus-gaap:CollateralPledgedMember2023-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:RealEstateMember2023-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:EquipmentMember2023-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:AccountsReceivableMember2023-12-310000714395us-gaap:HomeEquityLoanMembergabc:OtherCollateralMember2023-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:CollateralPledgedMember2023-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:RealEstateMember2023-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:EquipmentMember2023-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:AccountsReceivableMember2023-12-310000714395us-gaap:ConsumerLoanMembergabc:OtherCollateralMember2023-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:CollateralPledgedMember2023-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:RealEstateMember2023-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:EquipmentMember2023-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:AccountsReceivableMember2023-12-310000714395us-gaap:CreditCardReceivablesMembergabc:OtherCollateralMember2023-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:CollateralPledgedMember2023-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:RealEstateMember2023-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:EquipmentMember2023-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:AccountsReceivableMember2023-12-310000714395us-gaap:ResidentialMortgageMembergabc:OtherCollateralMember2023-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:CollateralPledgedMember2023-12-310000714395us-gaap:RealEstateMember2023-12-310000714395us-gaap:EquipmentMember2023-12-310000714395us-gaap:AccountsReceivableMember2023-12-310000714395gabc:OtherCollateralMember2023-12-310000714395us-gaap:CollateralPledgedMember2023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:FinancialAssetPastDueMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:FinancialAssetNotPastDueMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:FinancialAssetPastDueMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:FinancialAssetNotPastDueMember2024-06-300000714395gabc:LeasesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000714395gabc:LeasesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000714395gabc:LeasesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-06-300000714395gabc:LeasesMemberus-gaap:FinancialAssetPastDueMember2024-06-300000714395gabc:LeasesMemberus-gaap:FinancialAssetNotPastDueMember2024-06-300000714395us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000714395us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000714395us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-06-300000714395us-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetPastDueMember2024-06-300000714395us-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetNotPastDueMember2024-06-300000714395us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000714395us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000714395us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-06-300000714395us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetPastDueMember2024-06-300000714395us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMember2024-06-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-06-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:FinancialAssetPastDueMember2024-06-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:FinancialAssetNotPastDueMember2024-06-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-06-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancialAssetPastDueMember2024-06-300000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancialAssetNotPastDueMember2024-06-300000714395us-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000714395us-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-06-300000714395us-gaap:FinancialAssetPastDueMember2024-06-300000714395us-gaap:FinancialAssetNotPastDueMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:FinancialAssetPastDueMember2023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:FinancialAssetPastDueMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310000714395gabc:LeasesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000714395gabc:LeasesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000714395gabc:LeasesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310000714395gabc:LeasesMemberus-gaap:FinancialAssetPastDueMember2023-12-310000714395gabc:LeasesMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetPastDueMember2023-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetPastDueMember2023-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:FinancialAssetPastDueMember2023-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancialAssetPastDueMember2023-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310000714395us-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000714395us-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000714395us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310000714395us-gaap:FinancialAssetPastDueMember2023-12-310000714395us-gaap:FinancialAssetNotPastDueMember2023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:PassMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:SpecialMentionMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:SubstandardMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:DoubtfulMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:PassMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:SubstandardMember2024-06-300000714395us-gaap:CommercialRealEstateMemberus-gaap:DoubtfulMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:PassMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:SpecialMentionMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:SubstandardMember2024-06-300000714395gabc:AgriculturalMemberus-gaap:DoubtfulMember2024-06-300000714395gabc:LeasesMemberus-gaap:PassMember2024-06-300000714395gabc:LeasesMemberus-gaap:SpecialMentionMember2024-06-300000714395gabc:LeasesMemberus-gaap:SubstandardMember2024-06-300000714395gabc:LeasesMemberus-gaap:DoubtfulMember2024-06-300000714395gabc:CommercialAndIndustrialMemberus-gaap:PassMember2023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:SpecialMentionMember2023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:SubstandardMember2023-12-310000714395gabc:CommercialAndIndustrialMemberus-gaap:DoubtfulMember2023-12-310000714395gabc:CommercialAndIndustrialMember2023-01-012023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:PassMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:SubstandardMember2023-12-310000714395us-gaap:CommercialRealEstateMemberus-gaap:DoubtfulMember2023-12-310000714395us-gaap:CommercialRealEstateMember2023-01-012023-12-310000714395gabc:AgriculturalMemberus-gaap:PassMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:SpecialMentionMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:SubstandardMember2023-12-310000714395gabc:AgriculturalMemberus-gaap:DoubtfulMember2023-12-310000714395gabc:AgriculturalMember2023-01-012023-12-310000714395gabc:LeasesMemberus-gaap:PassMember2023-12-310000714395gabc:LeasesMemberus-gaap:SpecialMentionMember2023-12-310000714395gabc:LeasesMemberus-gaap:SubstandardMember2023-12-310000714395gabc:LeasesMemberus-gaap:DoubtfulMember2023-12-310000714395gabc:LeasesMember2023-01-012023-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:PerformingFinancingReceivableMember2024-06-300000714395us-gaap:ConsumerLoanMemberus-gaap:NonperformingFinancingReceivableMember2024-06-300000714395us-gaap:HomeEquityLoanMemberus-gaap:PerformingFinancingReceivableMember2024-06-300000714395us-gaap:HomeEquityLoanMemberus-gaap:NonperformingFinancingReceivableMember2024-06-300000714395us-gaap:ResidentialMortgageMemberus-gaap:PerformingFinancingReceivableMember2024-06-300000714395us-gaap:ResidentialMortgageMemberus-gaap:NonperformingFinancingReceivableMember2024-06-300000714395us-gaap:ConsumerLoanMemberus-gaap:PerformingFinancingReceivableMember2023-12-310000714395us-gaap:ConsumerLoanMemberus-gaap:NonperformingFinancingReceivableMember2023-12-310000714395us-gaap:ConsumerLoanMember2023-01-012023-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:PerformingFinancingReceivableMember2023-12-310000714395us-gaap:HomeEquityLoanMemberus-gaap:NonperformingFinancingReceivableMember2023-12-310000714395us-gaap:HomeEquityLoanMember2023-01-012023-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:PerformingFinancingReceivableMember2023-12-310000714395us-gaap:ResidentialMortgageMemberus-gaap:NonperformingFinancingReceivableMember2023-12-310000714395us-gaap:ResidentialMortgageMember2023-01-012023-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:PerformingFinancingReceivableMember2024-06-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:PerformingFinancingReceivableMember2023-12-310000714395us-gaap:CreditCardReceivablesMemberus-gaap:NonperformingFinancingReceivableMember2024-06-300000714395us-gaap:CreditCardReceivablesMemberus-gaap:NonperformingFinancingReceivableMember2023-12-310000714395us-gaap:CreditCardReceivablesMember2023-01-012023-12-310000714395gabc:FHLBAdvancesandOtherBorrowingsMemberus-gaap:MaturityOvernightMemberus-gaap:MortgageBackedSecuritiesMember2024-06-300000714395gabc:FHLBAdvancesandOtherBorrowingsMemberus-gaap:MaturityOvernightMemberus-gaap:MortgageBackedSecuritiesMember2023-12-310000714395us-gaap:OperatingSegmentsMembergabc:RetailBankingMember2024-04-012024-06-300000714395us-gaap:OperatingSegmentsMembergabc:WealthManagementServicesMember2024-04-012024-06-300000714395us-gaap:OperatingSegmentsMembergabc:InsuranceMember2024-04-012024-06-300000714395us-gaap:CorporateNonSegmentMember2024-04-012024-06-300000714395us-gaap:OperatingSegmentsMembergabc:RetailBankingMember2024-06-300000714395us-gaap:OperatingSegmentsMembergabc:WealthManagementServicesMember2024-06-300000714395us-gaap:OperatingSegmentsMembergabc:InsuranceMember2024-06-300000714395us-gaap:CorporateNonSegmentMember2024-06-300000714395us-gaap:OperatingSegmentsMembergabc:RetailBankingMember2023-04-012023-06-300000714395us-gaap:OperatingSegmentsMembergabc:WealthManagementServicesMember2023-04-012023-06-300000714395us-gaap:OperatingSegmentsMembergabc:InsuranceMember2023-04-012023-06-300000714395us-gaap:CorporateNonSegmentMember2023-04-012023-06-300000714395us-gaap:OperatingSegmentsMembergabc:RetailBankingMember2023-12-310000714395us-gaap:OperatingSegmentsMembergabc:WealthManagementServicesMember2023-12-310000714395us-gaap:OperatingSegmentsMembergabc:InsuranceMember2023-12-310000714395us-gaap:CorporateNonSegmentMember2023-12-310000714395us-gaap:OperatingSegmentsMembergabc:RetailBankingMember2024-01-012024-06-300000714395us-gaap:OperatingSegmentsMembergabc:WealthManagementServicesMember2024-01-012024-06-300000714395us-gaap:OperatingSegmentsMembergabc:InsuranceMember2024-01-012024-06-300000714395us-gaap:CorporateNonSegmentMember2024-01-012024-06-300000714395us-gaap:OperatingSegmentsMembergabc:RetailBankingMember2023-01-012023-06-300000714395us-gaap:OperatingSegmentsMembergabc:WealthManagementServicesMember2023-01-012023-06-300000714395us-gaap:OperatingSegmentsMembergabc:InsuranceMember2023-01-012023-06-300000714395us-gaap:CorporateNonSegmentMember2023-01-012023-06-300000714395gabc:ShareRepurchaseProgram2022Memberus-gaap:CommonStockMember2022-01-310000714395gabc:ShareRepurchaseProgram2022Memberus-gaap:CommonStockMember2022-01-312022-01-310000714395gabc:ShareRepurchaseProgram2022Member2022-01-312024-06-300000714395gabc:LongTermEquityIncentivePlan2019Member2024-06-300000714395us-gaap:EmployeeStockOptionMember2024-01-012024-06-300000714395us-gaap:EmployeeStockOptionMember2023-01-012023-06-300000714395us-gaap:EmployeeStockOptionMember2024-04-012024-06-300000714395us-gaap:EmployeeStockOptionMember2023-04-012023-06-300000714395us-gaap:EmployeeStockOptionMember2023-06-300000714395us-gaap:EmployeeStockOptionMember2024-06-300000714395us-gaap:RestrictedStockMember2020-01-012020-12-310000714395us-gaap:RestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2020-01-012020-12-310000714395us-gaap:RestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMember2020-01-012020-12-310000714395gabc:LongTermEquityIncentivePlan2009Memberus-gaap:RestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheThreeMember2020-01-012020-12-310000714395us-gaap:RestrictedStockMembersrt:ExecutiveOfficerMember2024-01-012024-06-300000714395us-gaap:RestrictedStockMembersrt:DirectorMember2024-01-012024-06-300000714395us-gaap:RestrictedStockMember2024-04-012024-06-300000714395us-gaap:RestrictedStockMember2024-01-012024-06-300000714395us-gaap:RestrictedStockMember2023-04-012023-06-300000714395us-gaap:RestrictedStockMember2023-01-012023-06-300000714395us-gaap:RestrictedStockMember2024-06-300000714395us-gaap:RestrictedStockMember2023-12-310000714395us-gaap:RestrictedStockMember2023-06-300000714395gabc:EmployeeStockPurchasePlan2019Member2020-05-212020-05-210000714395gabc:EmployeeStockPurchasePlan2019Member2020-05-210000714395us-gaap:EmployeeStockMembergabc:EmployeeStockPurchasePlan2019Member2024-04-012024-06-300000714395us-gaap:EmployeeStockMembergabc:EmployeeStockPurchasePlan2019Member2024-01-012024-06-300000714395us-gaap:EmployeeStockMembergabc:EmployeeStockPurchasePlan2019Member2023-04-012023-06-300000714395us-gaap:EmployeeStockMembergabc:EmployeeStockPurchasePlan2019Member2023-01-012023-06-300000714395us-gaap:EmployeeStockMembergabc:EmployeeStockPurchasePlan2019Member2024-06-300000714395us-gaap:EmployeeStockMembergabc:EmployeeStockPurchasePlan2019Member2023-06-300000714395us-gaap:RestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMembersrt:ExecutiveOfficerMember2024-01-012024-06-300000714395us-gaap:RestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheThreeMembersrt:ExecutiveOfficerMember2024-01-012024-06-300000714395us-gaap:RestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheOneMembersrt:ExecutiveOfficerMember2024-01-012024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2024-06-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2024-06-300000714395us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-06-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-06-300000714395us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2024-06-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2024-06-300000714395us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembergabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMember2024-06-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembergabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembergabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMember2024-06-300000714395us-gaap:FairValueMeasurementsRecurringMembergabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300000714395us-gaap:FairValueMeasurementsRecurringMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2023-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2023-12-310000714395us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2023-12-310000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310000714395us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-12-310000714395us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-12-310000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembergabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMember2023-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembergabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembergabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMember2023-12-310000714395us-gaap:FairValueMeasurementsRecurringMembergabc:USGovernmentSponsoredEnterprisesAndAgenciesDebtSecuritiesMember2023-12-310000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000714395us-gaap:FairValueMeasurementsRecurringMember2023-12-310000714395gabc:LoansHeldforsaleMember2024-04-012024-06-300000714395gabc:LoansHeldforsaleMember2024-01-012024-06-300000714395gabc:LoansHeldforsaleMember2023-04-012023-06-300000714395gabc:LoansHeldforsaleMember2023-01-012023-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-03-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2024-03-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-03-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-04-012024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-04-012023-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2024-04-012024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-04-012023-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2022-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-01-012024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-01-012023-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2024-01-012024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-01-012023-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueMeasurementsNonrecurringMembergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:AgriculturalMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:AgriculturalMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:AgriculturalMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueMeasurementsNonrecurringMembergabc:AgriculturalMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialMortgageMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialMortgageMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialMortgageMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialMortgageMembergabc:ImpairedLoansMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueMeasurementsNonrecurringMembergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:AgriculturalMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:AgriculturalMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:AgriculturalMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueMeasurementsNonrecurringMembergabc:AgriculturalMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialMortgageMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialMortgageMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialMortgageMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialMortgageMembergabc:ImpairedLoansMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMember2024-06-300000714395srt:MinimumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395srt:MaximumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395srt:WeightedAverageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMembergabc:ImpairedLoansMember2024-06-300000714395srt:MinimumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstateMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395srt:MaximumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstateMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395srt:WeightedAverageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstateMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:AgriculturalMembergabc:ImpairedLoansMember2024-06-300000714395srt:MinimumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395srt:MaximumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395srt:WeightedAverageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMember2024-06-300000714395srt:MinimumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395srt:MaximumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395srt:WeightedAverageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMember2024-06-300000714395srt:MinimumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395srt:MaximumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395srt:WeightedAverageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialMortgageMembergabc:ImpairedLoansMember2024-06-300000714395srt:MinimumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialMortgageMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395srt:MaximumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialMortgageMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395srt:WeightedAverageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialMortgageMemberus-gaap:MarketApproachValuationTechniqueMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:CommercialAndIndustrialMembergabc:ImpairedLoansMember2023-12-310000714395srt:MinimumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395srt:MaximumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395srt:WeightedAverageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:CommercialAndIndustrialMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMembergabc:ImpairedLoansMember2023-12-310000714395srt:MinimumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstateMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395srt:MaximumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstateMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395srt:WeightedAverageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstateMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembergabc:AgriculturalMembergabc:ImpairedLoansMember2023-12-310000714395srt:MinimumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395srt:MaximumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395srt:WeightedAverageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membergabc:AgriculturalMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerLoanMembergabc:ImpairedLoansMember2023-12-310000714395srt:MinimumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395srt:MaximumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395srt:WeightedAverageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerLoanMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:HomeEquityLoanMembergabc:ImpairedLoansMember2023-12-310000714395srt:MinimumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395srt:MaximumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395srt:WeightedAverageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HomeEquityLoanMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialMortgageMembergabc:ImpairedLoansMember2023-12-310000714395srt:MinimumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialMortgageMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395srt:MaximumMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialMortgageMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395srt:WeightedAverageMembergabc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialMortgageMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310000714395us-gaap:CarryingReportedAmountFairValueDisclosureMember2024-06-300000714395us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-06-300000714395us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-06-300000714395us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-06-300000714395us-gaap:EstimateOfFairValueFairValueDisclosureMember2024-06-300000714395us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-310000714395us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310000714395us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310000714395us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310000714395us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-03-310000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-03-310000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-04-012024-06-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-04-012024-06-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-06-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-06-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-12-310000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-12-310000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-01-012024-06-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-01-012024-06-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-03-310000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-03-310000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-04-012023-06-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-04-012023-06-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-06-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-06-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-12-310000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-12-310000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-01-012023-06-300000714395us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-01-012023-06-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2024-01-012024-06-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2023-04-012023-06-300000714395us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2023-01-012023-06-300000714395us-gaap:TransferredAtPointInTimeMembergabc:ServiceChargeonDepositAccountsMember2024-04-012024-06-300000714395us-gaap:TransferredAtPointInTimeMembergabc:ServiceChargeonDepositAccountsMember2023-04-012023-06-300000714395us-gaap:TransferredOverTimeMembergabc:InsuranceRevenueMember2024-04-012024-06-300000714395us-gaap:TransferredOverTimeMembergabc:InsuranceRevenueMember2023-04-012023-06-300000714395us-gaap:TransferredAtPointInTimeMembergabc:InterchangeFeeIncomeMember2024-04-012024-06-300000714395us-gaap:TransferredAtPointInTimeMembergabc:InterchangeFeeIncomeMember2023-04-012023-06-300000714395gabc:ATMFeesMember2024-04-012024-06-300000714395gabc:ATMFeesMember2023-04-012023-06-300000714395gabc:WireTransferFeesMember2024-04-012024-06-300000714395gabc:WireTransferFeesMember2023-04-012023-06-300000714395gabc:OtherOperatingIncomeMember2024-04-012024-06-300000714395gabc:OtherOperatingIncomeMember2023-04-012023-06-300000714395gabc:OtherOperatingIncomeSafeDepositBoxRentalsAndOtherNonInterestRelatedFeesMember2024-04-012024-06-300000714395gabc:OtherOperatingIncomeSafeDepositBoxRentalsAndOtherNonInterestRelatedFeesMember2023-04-012023-06-300000714395us-gaap:TransferredAtPointInTimeMembergabc:ServiceChargeonDepositAccountsMember2024-01-012024-06-300000714395us-gaap:TransferredAtPointInTimeMembergabc:ServiceChargeonDepositAccountsMember2023-01-012023-06-300000714395us-gaap:TransferredOverTimeMembergabc:InsuranceRevenueMember2024-01-012024-06-300000714395us-gaap:TransferredOverTimeMembergabc:InsuranceRevenueMember2023-01-012023-06-300000714395us-gaap:TransferredAtPointInTimeMembergabc:InterchangeFeeIncomeMember2024-01-012024-06-300000714395us-gaap:TransferredAtPointInTimeMembergabc:InterchangeFeeIncomeMember2023-01-012023-06-300000714395gabc:ATMFeesMember2024-01-012024-06-300000714395gabc:ATMFeesMember2023-01-012023-06-300000714395gabc:WireTransferFeesMember2024-01-012024-06-300000714395gabc:WireTransferFeesMember2023-01-012023-06-300000714395gabc:OtherOperatingIncomeMember2024-01-012024-06-300000714395gabc:OtherOperatingIncomeMember2023-01-012023-06-300000714395gabc:OtherOperatingIncomeSafeDepositBoxRentalsAndOtherNonInterestRelatedFeesMember2024-01-012024-06-300000714395gabc:OtherOperatingIncomeSafeDepositBoxRentalsAndOtherNonInterestRelatedFeesMember2023-01-012023-06-300000714395gabc:HeartlandBancCorpMembergabc:HeartlandBancCorpMember2024-06-302024-06-300000714395gabc:HeartlandBancCorpMembergabc:HeartlandBancCorpMember2024-06-300000714395gabc:HeartlandBancCorpMemberus-gaap:CommonStockMemberus-gaap:SubsequentEventMember2024-07-292024-07-290000714395gabc:HeartlandBancCorpMemberus-gaap:CommonStockMemberus-gaap:SubsequentEventMembersrt:ScenarioForecastMember2024-07-292024-07-290000714395gabc:HeartlandBancCorpMemberus-gaap:SubsequentEventMember2024-07-292024-07-290000714395gabc:HeartlandBancCorpMemberus-gaap:CommonStockMemberus-gaap:SubsequentEventMember2024-07-29

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 June 30, 2024
 
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 August 2, 2024, the registrant had 29,679,466 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, 2023, 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 – June 30, 2024 and December 31, 2023
   
 Consolidated Statements of Income – Three Months Ended June 30, 2024 and 2023
Consolidated Statements of Income – Six Months Ended June 30, 2024 and 2023
   
 Consolidated Statements of Comprehensive Income – Three and Six Months Ended June 30, 2024 and 2023
   
Consolidated Statements of Changes in Shareholders’ Equity - Three and Six Months Ended June 30, 2024 and 2023
 Consolidated Statements of Cash Flows – Six Months Ended June 30, 2024 and 2023
   
 Notes to Consolidated Financial Statements – June 30, 2024
   
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
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
CECL:     Current expected credit losses, which are the subject of an accounting standard under GAAP
CET1:     Common Equity Tier 1
CMO:     Collateralized mortgage obligations
CRE:    Commercial Real Estate
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
GAI:    German American Insurance, Inc.
Heartland:     Heartland BancCorp, which is party to an Agreement and Plan of Reorganization with the Company, pursuant to which it will be merged with and into the Company, subject to certain conditions
LIBOR:    London Interbank Offered Rate
MBS:     Mortgage-backed securities
NPV:     Net portfolio value
OCC:     Office of the Comptroller of the Currency
SEC:    Securities and Exchange Commission
SOFR:    Secured Overnight Financing Rate
4


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)
 June 30,
2024
December 31,
2023
ASSETS  
Cash and Due from Banks$70,418 $78,805 
Federal Funds Sold and Other Short-term Investments258,901 36,525 
Cash and Cash Equivalents329,319 115,330 
Interest-bearing Time Deposits with Banks500 500 
Securities Available-for-Sale, at Fair Value (Amortized Cost $1,649,299 for June 30, 2024; Amortized Cost $1,871,260 for December 31, 2023; No Allowance for Credit Losses)
1,373,812 1,596,832 
Other Investments353 353 
Loans Held-for-Sale, at Fair Value15,419 5,226 
Loans4,044,268 3,977,900 
Less: Unearned Income(7,141)(6,818)
Allowance for Credit Losses(43,946)(43,765)
Loans, Net3,993,181 3,927,317 
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost14,530 14,687 
Premises, Furniture and Equipment, Net105,651 106,776 
Other Real Estate33  
Goodwill179,025 180,357 
Intangible Assets5,070 6,307 
Company Owned Life Insurance86,392 85,840 
Accrued Interest Receivable and Other Assets113,638 112,673 
TOTAL ASSETS$6,216,923 $6,152,198 
LIABILITIES  
Non-interest-bearing Demand Deposits$1,448,467 $1,493,160 
Interest-bearing Demand, Savings, and Money Market Accounts2,984,571 2,992,761 
Time Deposits880,519 767,042 
Total Deposits5,313,557 5,252,963 
FHLB Advances and Other Borrowings166,644 193,937 
Accrued Interest Payable and Other Liabilities48,901 41,740 
TOTAL LIABILITIES5,529,102 5,488,640 
SHAREHOLDERS’ EQUITY  
Common Stock, no par value, $1 stated value; 45,000,000 shares authorized
29,679 29,585 
Additional Paid-in Capital390,755 389,411 
Retained Earnings485,256 461,622 
Accumulated Other Comprehensive Income (Loss)(217,869)(217,060)
TOTAL SHAREHOLDERS’ EQUITY687,821 663,558 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$6,216,923 $6,152,198 
End of period shares issued and outstanding29,679,248 29,584,709 



See accompanying notes to consolidated financial statements.
5


GERMAN AMERICAN BANCORP, INC.
CONSOLIDATED STATEMENTS OF INCOME
(unaudited, dollars in thousands except per share data)
 Three Months Ended 
June 30,
 20242023
INTEREST INCOME  
Interest and Fees on Loans$59,230 $52,202 
Interest on Federal Funds Sold and Other Short-term Investments2,383 660 
Interest and Dividends on Securities:  
Taxable5,225 5,223 
Non-taxable4,739 5,429 
TOTAL INTEREST INCOME71,577 63,514 
INTEREST EXPENSE  
Interest on Deposits23,385 13,357 
Interest on FHLB Advances and Other Borrowings2,221 1,899 
TOTAL INTEREST EXPENSE25,606 15,256 
NET INTEREST INCOME45,971 48,258 
Provision for Credit Losses625 550 
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES45,346 47,708 
NON-INTEREST INCOME  
Wealth Management Fees3,783 2,912 
Service Charges on Deposit Accounts3,093 2,883 
Insurance Revenues1,506 2,130 
Company Owned Life Insurance525 429 
Interchange Fee Income4,404 4,412 
Gain on Sale of Assets of German American Insurance38,323  
Other Operating Income1,213 1,462 
Net Gains on Sales of Loans969 630 
Net Gains (Losses) on Securities(34,893)38 
TOTAL NON-INTEREST INCOME18,923 14,896 
NON-INTEREST EXPENSE  
Salaries and Employee Benefits20,957 20,103 
Occupancy Expense2,488 2,547 
Furniture and Equipment Expense999 896 
FDIC Premiums710 687 
Data Processing Fees3,019 2,803 
Professional Fees3,462 1,614 
Advertising and Promotion909 1,261 
Intangible Amortization532 734 
Other Operating Expenses4,598 5,081 
TOTAL NON-INTEREST EXPENSE37,674 35,726 
Income before Income Taxes26,595 26,878 
Income Tax Expense6,065 4,755 
NET INCOME$20,530 $22,123 
Basic Earnings per Share$0.69 $0.75 
Diluted Earnings per Share$0.69 $0.75 
 


See accompanying notes to consolidated financial statements.
6


GERMAN AMERICAN BANCORP, INC.
CONSOLIDATED STATEMENTS OF INCOME
(unaudited, dollars in thousands except per share data)
 Six Months Ended
June 30,
 20242023
INTEREST INCOME  
Interest and Fees on Loans$117,056 $101,263 
Interest on Federal Funds Sold and Other Short-term Investments2,682 1,005 
Interest and Dividends on Securities:
Taxable10,077 10,619 
Non-taxable10,020 11,116 
TOTAL INTEREST INCOME139,835 124,003 
INTEREST EXPENSE  
Interest on Deposits44,374 22,328 
Interest on FHLB Advances and Other Borrowings4,496 4,408 
TOTAL INTEREST EXPENSE48,870 26,736 
NET INTEREST INCOME90,965 97,267 
Provision for Credit Losses1,525 1,650 
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES89,440 95,617 
NON-INTEREST INCOME  
Wealth Management Fees7,149 5,556 
Service Charges on Deposit Accounts5,995 5,671 
Insurance Revenues4,384 5,265 
Company Owned Life Insurance966 830 
Interchange Fee Income8,491 8,611 
Gain on Sale of Assets of German American Insurance38,323  
Other Operating Income2,575 2,673 
Net Gains on Sales of Loans1,720 1,217 
Net Gains (Losses) on Securities(34,858)40 
TOTAL NON-INTEREST INCOME34,745 29,863 
NON-INTEREST EXPENSE  
Salaries and Employee Benefits42,135 41,949 
Occupancy Expense5,316 5,457 
Furniture and Equipment Expense1,975 1,806 
FDIC Premiums1,439 1,428 
Data Processing Fees5,830 5,558 
Professional Fees5,057 3,176 
Advertising and Promotion2,047 2,428 
Intangible Amortization1,110 1,519 
Other Operating Expenses9,503 10,021 
TOTAL NON-INTEREST EXPENSE74,412 73,342 
Income before Income Taxes49,773 52,138 
Income Tax Expense10,221 9,208 
NET INCOME$39,552 $42,930 
Basic Earnings per Share$1.33 $1.45 
Diluted Earnings per Share$1.33 $1.45 



See accompanying notes to consolidated financial statements.
7


GERMAN AMERICAN BANCORP, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(unaudited, dollars in thousands)
 
 Three Months Ended 
June 30,
 20242023
NET INCOME$20,530 $22,123 
Other Comprehensive Income (Loss):  
Unrealized Gains (Losses) on Securities:  
Unrealized Holding Gain (Loss) Arising During the Period(10,739)(23,243)
Reclassification Adjustment for Gains Included in Net Income34,893 (38)
Tax Effect(5,068)4,921 
Net of Tax19,086 (18,360)
Total Other Comprehensive Income (Loss)19,086 (18,360)
COMPREHENSIVE INCOME$39,616 $3,763 
 

 
 



 Six Months Ended 
June 30,
 20242023
NET INCOME$39,552 $42,930 
Other Comprehensive Income (Loss):  
Unrealized Gains (Losses) on Securities:  
Unrealized Holding Gain (Loss) Arising During the Period(35,917)18,506 
Reclassification Adjustment for Gains Included in Net Income34,858 (40)
Tax Effect250 (3,880)
Net of Tax(809)14,586 
Total Other Comprehensive Income (Loss)(809)14,586 
COMPREHENSIVE INCOME$38,743 $57,516 










See accompanying notes to consolidated financial statements.
8


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, 202429,584,709 $29,585 $389,411 $461,622 $(217,060)$663,558 
Net Income— — — 19,022 — 19,022 
Other Comprehensive Income (Loss)— — — — (19,895)(19,895)
Cash Dividends ($0.27 per share)
— — — (7,955)— (7,955)
Issuance of Common Stock for:
Restricted Share Grants Net84,310 84 440 — — 524 
Balances, March 31, 202429,669,019 $29,669 $389,851 $472,689 $(236,955)$655,254 
Net Income— — — 20,530 — 20,530 
Other Comprehensive Income (Loss)— — — — 19,086 19,086 
Cash Dividends ($0.27 per share)
— — — (7,963)— (7,963)
Issuance of Common Stock for:  
Restricted Share Grants Net10,229 10 904 — — 914 
Balances, June 30, 202429,679,248 $29,679 $390,755 $485,256 $(217,869)$687,821 

Common Stock
 SharesAmountAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Total Shareholders’ Equity
Balances, January 1, 202329,493,193 $29,493 $387,171 $405,167 $(263,438)$558,393 
Net Income— — — 20,807 — 20,807 
Other Comprehensive Income (Loss)— — — — 32,946 32,946 
Cash Dividends ($0.25 per share)
— — — (7,354)— (7,354)
Issuance of Common Stock for:
Restricted Share Grants Net80,246 80 459 — — 539 
Balances, March 31, 202329,573,439 $29,573 $387,630 $418,620 $(230,492)$605,331 
Net Income— — — 22,123 — 22,123 
Other Comprehensive Income (Loss)— — — — (18,360)(18,360)
Cash Dividends ($0.25 per share)
— — — (7,359)— (7,359)
Issuance of Common Stock for: 
Restricted Share Grants Net(656)— 830 — — 830 
Balances, June 30, 202329,572,783 $29,573 $388,460 $433,384 $(248,852)$602,565 


See accompanying notes to consolidated financial statements.
9


GERMAN AMERICAN BANCORP, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited, dollars in thousands)
 Six Months Ended 
June 30,
 20242023
CASH FLOWS FROM OPERATING ACTIVITIES  
Net Income$39,552 $42,930 
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:  
Net Amortization on Securities2,724 2,779 
Depreciation and Amortization4,665 4,840 
Loans Originated for Sale(67,025)(48,256)
Proceeds from Sales of Loans Held-for-Sale58,375 49,744 
Provision for Credit Losses1,525 1,650 
Gain on Sale of Loans, net(1,720)(1,217)
(Gain) Loss on Securities, net34,858 (40)
Loss (Gain) on Disposition and Donation of Premises and Equipment(20)2 
Increase in Cash Surrender Value of Company Owned Life Insurance(552)(928)
Equity Based Compensation1,438 1,369 
Gain on Sale of Assets of German American Insurance(36,507) 
Change in Assets and Liabilities:  
Interest Receivable and Other Assets(1,836)601 
Interest Payable and Other Liabilities7,085 (233)
Net Cash from Operating Activities42,562 53,241 
CASH FLOWS FROM INVESTING ACTIVITIES  
Proceeds from Maturities of Securities Available-for-Sale148,069 145,360 
Proceeds from Sales of Securities Available-for-Sale226,367 114,259 
Purchase of Securities Available-for-Sale(190,057)(82,933)
Proceeds from Redemption of Federal Home Loan Bank Stock157 181 
Purchase of Loans (173)
Loans Made to Customers, net of Payments Received(67,422)(42,454)
Property and Equipment Expenditures(2,909)(4,464)
Proceeds from Sale of German American Insurance Assets40,000  
Net Cash from Investing Activities154,205 129,776 
CASH FLOWS FROM FINANCING ACTIVITIES  
Change in Deposits60,661 (170,162)
Change in Short-term Borrowings(27,446)(1,487)
Advances in Long-term Debt50,000 25,000 
Repayments of Long-term Debt(50,075)(63)
Dividends Paid(15,918)(14,713)
Net Cash from Financing Activities17,222 (161,425)
Net Change in Cash and Cash Equivalents213,989 21,592 
Cash and Cash Equivalents at Beginning of Year115,330 119,079 
Cash and Cash Equivalents at End of Period$329,319 $140,671 
Cash Paid During the Period for
Interest$46,426 $24,353 
Income Taxes9,360 9,736 
Supplemental Non Cash Disclosures
Interest Rate Swap Fair Value Adjustment$350 $(637)










See accompanying notes to consolidated financial statements.
10


GERMAN AMERICAN BANCORP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2024
(unaudited, dollars in thousands except share and per share data)
NOTE 1 – Basis of Presentation and Market Conditions
 
German American Bancorp, Inc. operates primarily in the banking industry. The accounting and reporting policies of German American Bancorp, Inc. and its subsidiaries (hereinafter collectively referred to as the “Company”) conform to U.S. generally accepted accounting principles. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results for the periods reported have been included in the accompanying unaudited consolidated financial statements, and all such adjustments are of a normal recurring nature. It is suggested that these consolidated financial statements and notes be read in conjunction with the financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Certain items included in the prior period financial statements were reclassified to conform to the current presentation. There was no effect on net income or total shareholders’ equity based on these reclassifications.

NOTE 2 - Recent Accounting Pronouncements

Recently Adopted Accounting Guidance
In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting”. These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. In January 2021, the FASB issued ASU 2021-01 which clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The guidance is effective for all entities as of March 12, 2020 through December 31, 2024. The Company has discontinued originating LIBOR based loans and transitioned formerly LIBOR indexed loans to term SOFR and other indices.

On March 31, 2022, the FASB issued ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” which eliminates the troubled debt restructuring recognition and measurement guidance and instead requires an entity to evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendments also enhance existing disclosures and include new disclosure requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. To improve consistency for vintage disclosures, the ASU requires that public business entities disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20. For entities that have adopted ASU 2016-13, the amendments are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. For entities that have not adopted ASU 2016-13, the effective dates for the amendments are the same as the effective dates in ASU 2016-13. Early adoption is permitted if ASU 2016-13 has been adopted, including adoption in an interim period. If an entity elects to adopt the amendments in an interim period, the guidance should be applied as of the beginning of the fiscal year that includes the interim period. The Company adopted the new guidance prospectively with no material impact to the consolidated financial statements.

The SEC’s Staff Accounting Bulletin No. 121 (“SAB 121”) provides interpretive guidance regarding the accounting for obligations to safeguard crypto-assets an entity holds for its customers, either directly or through an agent or another third party acting on its behalf. SAB 121 requires an entity to recognize a liability on its balance sheet to reflect the obligation to safeguard the crypto-assets of others, along with a corresponding safeguarding asset, both of which are measured at fair value. The Company has completed an evaluation and concluded that it does not have a safeguarding obligation under SAB 121 and therefore the disclosures do not apply.

On March 29, 2023, the FASB issued ASU 2023-02, “Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method” to expand use of the proportional amortization method of accounting to equity investments in tax credit programs beyond those in low-income-housing tax credit (LIHTC) programs. The amendments in this update permit reporting entities to account for certain tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. This guidance provides clarifications to address interpretive issues and
11


GERMAN AMERICAN BANCORP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2024
(unaudited, dollars in thousands except share and per share data)

NOTE 2 - Recent Accounting Pronouncements (continued)
prescribes specific information that reporting entities must disclose about tax credit investments each period. The Company adopted this standard and there was no impact on the Company’s financial statements or disclosures.

Issued But Not Yet Effective
In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. This guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within annual periods beginning after December 15, 2024. Retrospective application is required. The Company doesn’t expect this guidance to have a material impact on its segment disclosure.

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvement to Income Tax Disclosures”. This updated accounting guidance requires expanded income tax disclosures, including the disaggregation of existing disclosures related to the tax rate reconciliation and income taxes paid. This guidance is effective for annual periods beginning after December 15, 2024 and will be applied on a prospective basis with the option to apply retrospectively. The Company is reviewing this guidance but doesn’t expect it to have a material impact on the Company’s tax disclosures.


NOTE 3 – Sale of Insurance Assets

Effective June 1, 2024, the Company completed a sale of substantially all of the assets of its wholly-owned subsidiary, German American Insurance, Inc. (“GAI”), to Hilb Group and ceased insurance-related activities for the Company. The all-cash sales price totaled $40,000 and resulted in an after-tax gain, net of transaction costs, of approximately $27,476, or $0.93 on a per share basis.

Gross Purchase Price pursuant to Asset Purchase Agreement$40,000 
Write-off of Goodwill and Intangibles(1,332)
Working Capital Adjustment Settled at Closing(345)
Net Purchase Price38,323 
Transaction Costs(1,816)
Pre-tax Gain on Sale of Insurance Assets$36,507 
After-tax Gain on Sale of Insurance Assets$27,476 

Based on management’s review of ASC 205-20-45, the sale of GAI was determined not to have met all necessary criteria to be considered discontinued operations at, or prior to, the time of the sale.

12

GERMAN AMERICAN BANCORP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2024
(unaudited, dollars in thousands except share and per share data)
NOTE 4 – Per Share Data
 
The computation of Basic Earnings per Share and Diluted Earnings per Share are as follows:
 Three Months Ended 
June 30,
 20242023
Basic Earnings per Share:  
Net Income$20,530 $22,123 
Weighted Average Shares Outstanding29,667,770 29,573,042 
Basic Earnings per Share$0.69 $0.75 
Diluted Earnings per Share:  
Net Income$20,530 $22,123 
Weighted Average Shares Outstanding29,667,770 29,573,042 
Potentially Dilutive Shares, Net  
Diluted Weighted Average Shares Outstanding29,667,770 29,573,042 
Diluted Earnings per Share$0.69 $0.75 
For the three months ended June 30, 2024 and 2023, there were no anti-dilutive shares.

 Six Months Ended 
June 30,
 20242023
Basic Earnings per Share:  
Net Income$39,552 $42,930 
Weighted Average Shares Outstanding29,633,631 29,540,425 
Basic Earnings per Share$1.33 $1.45 
Diluted Earnings per Share:  
Net Income$39,552 $42,930 
Weighted Average Shares Outstanding29,633,631 29,540,425 
Potentially Dilutive Shares, Net  
Diluted Weighted Average Shares Outstanding29,633,631 29,540,425 
Diluted Earnings per Share$1.33 $1.45 

For the six months ended June 30, 2024 and 2023, there were no anti-dilutive shares.

13


GERMAN AMERICAN BANCORP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2024
(unaudited, dollars in thousands except share and per share data)
NOTE 5 – Securities 

The amortized cost, unrealized gross gains and losses recognized in accumulated other comprehensive income (loss), and fair value of securities available-for-sale were as follows:
Securities Available-for-Sale:Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
 Fair
Value
    
June 30, 2024    
U.S. Treasury$73,564 $4 $ $73,568 
Obligations of State and Political Subdivisions700,223 3 (124,986)575,240 
MBS/CMO681,737 11 (113,984)567,764 
US Gov’t Sponsored Entities & Agencies193,775  (36,535)157,240 
Total$1,649,299 $18 $(275,505)$1,373,812 
December 31, 2023    
U.S. Treasury$ $ $ $ 
Obligations of State and Political Subdivisions889,940 1,309 (122,374)768,875 
MBS/CMO761,025 28 (116,013)645,040 
US Gov’t Sponsored Entities & Agencies220,295  (37,378)182,917 
Total$1,871,260 $1,337 $(275,765)$1,596,832 
 
All mortgage-backed securities in the above table (identified above and throughout this Note 5 as “MBS/CMO”) are residential and multi-family mortgage-backed securities and guaranteed by government sponsored entities. The US Gov’t Sponsored Entities & Agencies in the above table include securities that have underlying collateral of equipment, machinery and commercial real estate.

The amortized cost and fair value of securities available-for-sale at June 30, 2024 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because some issuers have the right to call or prepay certain obligations with or without call or prepayment penalties. Mortgage-backed Securities are not due at a single maturity date and are shown separately.
Securities Available-for-Sale:Amortized
Cost
Fair
Value
Due in one year or less$74,490 $74,490 
Due after one year through five years9,181 9,099 
Due after five years through ten years44,144 39,766 
Due after ten years645,972 525,453 
MBS/CMO681,737 567,764 
US Gov’t Sponsored Entities & Agencies193,775 157,240 
Total$1,649,299 $1,373,812 

At the end of the second quarter of 2024, the Company commenced a securities portfolio restructuring transaction whereby available-for-sale securities totaling $375,321 in book value were identified to be sold. As of June 30, 2024, $175,061 of securities were sold with the remaining $200,259 sold during early July 2024. It was management’s intent that these securities be sold as of June 30, 2024; therefore, the securities’ amortized cost basis was reduced to fair value through income in these consolidated financial statements as of June 30, 2024. Proceeds from the sales of securities are summarized below:
14


GERMAN AMERICAN BANCORP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2024
(unaudited, dollars in thousands except share and per share data)

NOTE 5 - Securities (continued)
 Three Months EndedThree Months Ended
June 30, 2024June 30, 2023
Proceeds from Sales$164,205 $20,507 
Gross Gains on Sales184 89 
Gross Losses on Sales35,077 51 
Income Taxes on Net Gains (Losses)(7,704)8 
 Six Months EndedSix Months Ended
 June 30, 2024June 30, 2023
Proceeds from Sales$226,367 $114,259 
Gross Gains on Sales544