German american bancorp, inc. (GABC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
INTEREST INCOME
Interest and Fees on Loans

152,481

112,084

91,745

86,202

66,740

65,597

61,632

61,691

64,445

53,266

53,905

Interest on Federal Funds Sold and Other Short-term Investments

522

308

134

74

13

12

30

91

216

76

106

Interest and Dividends on Securities:
Taxable

13,910

12,398

10,898

9,638

9,017

10,409

11,091

12,946

13,677

9,812

8,660

Non-taxable

9,561

8,959

8,253

7,451

5,850

4,368

2,919

2,432

1,823

1,039

1,065

TOTAL INTEREST INCOME

176,474

133,749

111,030

103,365

81,620

80,386

75,672

77,160

80,161

64,193

63,736

INTEREST EXPENSE
Interest on Deposits

23,805

13,625

7,094

5,187

3,976

4,128

4,697

6,958

11,986

10,561

13,495

Interest on FHLB Advances and Other Borrowings

7,444

5,514

4,027

3,274

2,092

1,919

2,458

3,954

4,194

4,961

5,728

TOTAL INTEREST EXPENSE

31,249

19,139

11,121

8,461

6,068

6,047

7,155

10,912

16,180

15,522

19,223

Interest Income (Expense), Net

145,225

114,610

99,909

94,904

75,552

74,339

68,517

66,248

63,981

48,671

44,513

Provision for Credit Losses

5,325

2,070

1,750

1,200

0

150

350

2,412

6,800

5,225

3,750

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES

139,900

112,540

98,159

93,704

75,552

74,189

68,167

63,836

57,181

43,446

40,763

NON-INTEREST INCOME
Company Owned Life Insurance

2,005

1,243

1,341

987

846

826

965

974

1,100

806

1,104

Other Operating Income

3,229

2,785

2,641

3,703

3,532

2,018

2,003

1,955

1,452

1,740

1,141

Net Gains on Sales of Loans

4,633

3,004

3,280

3,359

2,959

1,892

2,645

3,234

2,381

2,160

1,760

Debt and Equity Securities, Gain (Loss)

1,248

706

596

1,979

725

1,481

2,429

1,667

3,024

0

-423

TOTAL NON-INTEREST INCOME

45,501

37,070

31,854

32,013

27,444

23,937

23,615

21,811

21,576

16,943

15,859

NON-INTEREST EXPENSE
Salaries and Employee Benefits

63,885

51,306

46,642

43,961

35,042

32,710

31,482

29,086

27,992

22,070

21,961

Occupancy Expense

9,988

7,735

6,609

6,297

4,939

5,094

4,545

4,277

4,264

3,492

3,382

Furniture and Equipment Expense

3,788

3,142

2,621

2,261

1,873

1,953

1,898

1,979

2,934

2,591

2,653

FDIC Premiums

533

1,033

954

1,151

1,144

1,113

1,050

1,116

1,473

1,455

1,863

Data Processing Fees

7,927

6,942

4,276

5,686

3,541

3,675

3,133

1,879

2,092

1,411

1,368

Professional Fees

4,674

5,362

2,817

3,672

2,661

2,294

2,577

2,247

2,056

2,285

1,740

Advertising and Promotion

4,230

3,492

3,543

2,657

3,669

1,977

1,863

1,714

1,525

1,255

993

Supplies

-

-

-

-

-

-

-

-

-

-

528

Intangible Amortization

3,721

1,752

942

1,062

790

1,254

1,416

1,655

1,956

898

909

Other Operating Expenses

15,416

12,789

9,399

9,840

7,667

7,643

6,941

6,970

6,490

5,904

4,994

TOTAL NON-INTEREST EXPENSE

114,162

93,553

77,803

76,587

61,326

57,713

54,905

50,923

50,782

41,361

40,391

Income before Income Taxes

71,239

56,057

52,210

49,130

41,670

40,413

36,877

34,724

27,975

19,028

16,231

Income Tax Expense (Benefit)

12,017

9,528

11,534

13,946

11,606

12,069

11,464

10,669

7,726

5,623

4,013

Net Income (Loss) Attributable to Parent

59,222

46,529

40,676

35,184

30,064

28,344

25,413

24,055

20,249

13,405

12,218

Changes in Unrealized Gain on Securities Available-for-Sale, Net

-

-

-

-

-

-

-

-

-

474

1,908

Change in Unrecognized Loss on Postretirement Benefit Obligation, Net

-

-

-

-

-

-

-

-

-

-176

-

Change in Unrecognized Amounts in Pension, Net

-

-

-

-

-

-

-

-

-

13

47

Total Other Comprehensive Income (Loss)

-

-

-

-

-

-

-

-

-

285

1,861

COMPREHENSIVE INCOME

-

-

-

-

-

-

-

-

-

13,690

14,079

Basic Earnings Per Share (USD per share)

2.29

1.99

1.77

1.57

1.51

2.15

1.99

1.91

1.61

1.21

1.10

Diluted Earnings Per Share (USD per share)

2.29

1.99

1.77

1.57

1.51

2.14

1.98

1.90

1.61

1.21

1.10

Dividends per Share (in USD per share)

0.68

0.60

0.52

0.48

0.45

-

-

-

-

-

-

Trust and Investment Product Fees
Non-interest Income (in-scope of Topic 606)

7,278

6,680

5,272

4,644

3,957

3,675

3,358

2,657

2,145

1,582

1,617

Service Charges on Deposit Accounts
Non-interest Income (in-scope of Topic 606)

8,718

7,044

6,178

5,973

4,826

4,829

4,144

4,076

4,154

4,065

4,395

Insurance Revenues
Non-interest Income (in-scope of Topic 606)

8,940

8,330

7,979

7,741

7,489

7,255

6,217

5,524

5,819

5,347

5,296

Interchange Fee Income
Non-interest Income (in-scope of Topic 606)

9,450

7,278

4,567

3,627

3,110

1,961

1,854

1,724

1,501

1,243

969