2023 Q3 Form 10-Q Financial Statement

#000071439523000039 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $65.64M $63.51M $52.27M
YoY Change 16.13% 21.52% 23.58%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.400M $2.411M $2.596M
YoY Change -3.73% -7.13% 12.87%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $18.08M $15.26M $2.669M
YoY Change 274.7% 471.6% 10.56%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $26.04M $26.88M $28.78M
YoY Change -15.25% -6.6% -3.26%
Income Tax $4.591M $4.755M $5.029M
% Of Pretax Income 17.63% 17.69% 17.48%
Net Earnings $21.45M $22.12M $23.75M
YoY Change -12.79% -6.84% -0.31%
Net Earnings / Revenue 32.68% 34.83% 45.43%
Basic Earnings Per Share $0.73 $0.75 $0.81
Diluted Earnings Per Share $0.73 $0.75 $805.4K
COMMON SHARES
Basic Shares Outstanding 29.57M shares 29.57M shares 29.48M shares
Diluted Shares Outstanding 29.57M shares 29.57M shares 29.48M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $132.4M $140.7M $526.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $111.3M $112.6M $111.3M
YoY Change 0.18% 1.16% 23.57%
Goodwill $180.4M $180.4M
YoY Change -0.07%
Intangibles $7.016M $7.773M
YoY Change -32.12%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $6.006B $6.053B $6.472B
YoY Change -4.06% -6.47% 21.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.60M $37.70M $32.14M
YoY Change 2.83% 17.31% -15.43%
Accrued Expenses $5.600M $5.816M $6.645M
YoY Change -11.64% -12.48% 3.83%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.20M $43.52M $38.78M
YoY Change 0.78% 12.21% -12.66%
LONG-TERM LIABILITIES
Long-Term Debt $2.700M $2.753M $2.957M
YoY Change -7.15% -6.9% -4.61%
Other Long-Term Liabilities $43.52M
YoY Change
Total Long-Term Liabilities $2.700M $43.52M $2.957M
YoY Change -93.98% 1371.59% -4.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.20M $43.52M $38.78M
Total Long-Term Liabilities $2.700M $43.52M $2.957M
Total Liabilities $5.467B $5.451B $5.897B
YoY Change -5.17% -7.57% 25.49%
SHAREHOLDERS EQUITY
Retained Earnings $447.5M $433.4M
YoY Change 15.47%
Common Stock $418.5M $418.0M
YoY Change 0.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $538.4M $602.6M $574.4M
YoY Change
Total Liabilities & Shareholders Equity $6.006B $6.053B $6.472B
YoY Change -4.06% -6.47% 21.0%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $21.45M $22.12M $23.75M
YoY Change -12.79% -6.84% -0.31%
Depreciation, Depletion And Amortization $2.400M $2.411M $2.596M
YoY Change -3.73% -7.13% 12.87%
Cash From Operating Activities $24.50M $21.78M $4.054M
YoY Change -23.84% 437.12% -78.32%
INVESTING ACTIVITIES
Capital Expenditures $1.000M $2.548M -$1.154M
YoY Change -192.85% -320.8% 15.4%
Acquisitions
YoY Change
Other Investing Activities -$39.10M -$12.70M -$13.53M
YoY Change -0.37% -6.09% -90.23%
Cash From Investing Activities -$40.20M -$15.25M -$14.68M
YoY Change -0.3% 3.88% -89.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.400M 53.85M -133.9M
YoY Change -105.11% -140.21% -237.49%
NET CHANGE
Cash From Operating Activities 24.50M 21.78M 4.054M
Cash From Investing Activities -40.20M -15.25M -14.68M
Cash From Financing Activities 7.400M 53.85M -133.9M
Net Change In Cash -8.300M 60.38M -144.5M
YoY Change -94.58% -141.77% 523.05%
FREE CASH FLOW
Cash From Operating Activities $24.50M $21.78M $4.054M
Capital Expenditures $1.000M $2.548M -$1.154M
Free Cash Flow $23.50M $19.23M $5.208M
YoY Change -29.32% 269.18% -73.56%

Facts In Submission

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Basis of Presentation and Market Conditions<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, 2022. 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.</span></div>
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FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
45078000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
300000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
447000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
100000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
45031000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
44168000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
1650000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
2087000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
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535000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
44266000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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37017000 usd
us-gaap Financing Receivable Excluding Accrued Interest Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
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us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
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5500000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
213000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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45031000 usd
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2968000 usd
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1000000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
11423000 usd
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CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual No Allowance
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3509000 usd
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FinancingReceivableExcludingAccruedInterest90DaysOrMorePastDueStillAccruing
1427000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
12888000 usd
CY2022 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
32000 usd
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0 loan
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0 loan
us-gaap Financing Receivable Modifications Number Of Contracts2
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0 loan
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0 loan
CY2023Q2 gabc Financing Receivable Individually Evaluated For Impairment Threshold Amount
FinancingReceivableIndividuallyEvaluatedForImpairmentThresholdAmount
250000 usd
us-gaap Financing Receivable Excluding Accrued Interest Purchase
FinancingReceivableExcludingAccruedInterestPurchase
173000 usd
us-gaap Financing Receivable Excluding Accrued Interest Sale And Reclassification To Held For Sale
FinancingReceivableExcludingAccruedInterestSaleAndReclassificationToHeldForSale
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CY2022 us-gaap Financing Receivable Excluding Accrued Interest Purchase
FinancingReceivableExcludingAccruedInterestPurchase
933000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Sale And Reclassification To Held For Sale
FinancingReceivableExcludingAccruedInterestSaleAndReclassificationToHeldForSale
3916000 usd
us-gaap Number Of Operating Segments
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CY2023Q2 gabc Number Of Offices
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us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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48258000 usd
CY2023Q2 us-gaap Gain Loss On Sales Of Loans Net
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630000 usd
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DebtAndEquitySecuritiesGainLoss
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WealthManagementFees
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InsuranceCommissionsAndFees
2130000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
550000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2411000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4755000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Assets
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CY2022Q2 us-gaap Interest Income Expense Net
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1049000 usd
CY2022Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
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CY2022Q2 gabc Wealth Management Fees
WealthManagementFees
2642000 usd
CY2022Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
2254000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
300000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2022Q2 us-gaap Income Tax Expense Benefit
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us-gaap Interest Income Expense Net
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us-gaap Gain Loss On Sales Of Loans Net
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us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
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gabc Wealth Management Fees
WealthManagementFees
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us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
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us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
1650000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Net Income Loss
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CY2023Q2 us-gaap Assets
Assets
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us-gaap Interest Income Expense Net
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us-gaap Gain Loss On Sales Of Loans Net
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us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
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gabc Wealth Management Fees
WealthManagementFees
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us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
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us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
5500000 usd
us-gaap Depreciation And Amortization
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us-gaap Income Tax Expense Benefit
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CY2022Q4 us-gaap Assets
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CY2023Q2 gabc Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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CY2023Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
830000 usd
CY2022Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
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CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
179000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
169000 usd
CY2023Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
262000 usd
CY2022Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
327000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
747000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
935000 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
1369000 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
1517000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
361000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
334000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
449000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
480000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1281000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1371000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2023Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
8239000 usd
CY2022Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
8600000 usd
CY2023Q2 us-gaap Loans Receivable Held For Sale Amount
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8083000 usd
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LoansReceivableHeldForSaleAmount
8474000 usd
CY2023Q2 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
156000 usd
CY2022Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
126000 usd
CY2023Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-18330000 usd
CY2023Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
30000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-18360000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
14618000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
32000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
14586000 usd
CY2022Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
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CY2022Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
62000 usd
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-226223000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
356000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-226579000 usd
CY2023Q2 us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
1736000 usd
CY2022Q2 us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
2426000 usd
CY2023Q2 us-gaap Noninterest Income
NoninterestIncome
14896000 usd
CY2022Q2 us-gaap Noninterest Income
NoninterestIncome
15180000 usd
us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
3184000 usd
us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
5187000 usd
us-gaap Noninterest Income
NoninterestIncome
29863000 usd
us-gaap Noninterest Income
NoninterestIncome
31368000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
52000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
53000 usd
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
77000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
82000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
363000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
376000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
492000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
514000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
105000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
105000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
519000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
1134000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
519000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
890000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
155000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
165000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
736000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
745000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
27000 usd
us-gaap Lease Cost
LeaseCost
996000 usd
us-gaap Lease Cost
LeaseCost
1042000 usd
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.1139
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.1143
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0284
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0285
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1753000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1963000 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2753000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2957000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5674000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6510000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5816000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6645000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
155000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
166000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
722000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
701000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
101000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
91000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
519000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
1272000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
519000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
756000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
445000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
627000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
1728000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
1798000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
4249000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6477000 usd
CY2023Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1496000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
661000 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2753000 usd
CY2023Q2 us-gaap Operating Lease Liability
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5816000 usd
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
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CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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