$GABC
GERMAN AMERICAN BANCORP, INC.

2024 Q3 Form 10-Q Financial Statement

#000071439524000036 Filed on August 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $74.65M $71.58M
YoY Change 13.73% 12.69%
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 $2.296M $2.326M
YoY Change -4.33% -3.53%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $25.64M $26.60M
YoY Change -1.53% -1.05%
Income Tax $4.596M $6.065M
% Of Pretax Income 17.92% 22.81%
Net Earnings $21.05M $20.53M
YoY Change -1.88% -7.2%
Net Earnings / Revenue 28.19% 28.68%
Basic Earnings Per Share $0.71 $0.69
Diluted Earnings Per Share $0.71 $0.69
COMMON SHARES
Basic Shares Outstanding 29.68M shares 29.67M shares
Diluted Shares Outstanding 29.68M shares 29.67M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $195.6M $329.3M
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 $105.4M $105.7M
YoY Change -5.28% -6.2%
Goodwill $179.0M $179.0M
YoY Change -0.74% -0.74%
Intangibles $4.523M $5.070M
YoY Change -35.53% -34.77%
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 $6.261B $6.217B
YoY Change 4.25% 2.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.33M $44.19M
YoY Change -8.27% 17.23%
Accrued Expenses $4.586M $4.708M
YoY Change -18.11% -19.05%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $40.91M $48.90M
YoY Change -9.49% 12.38%
LONG-TERM LIABILITIES
Long-Term Debt $2.466M $2.526M
YoY Change -8.67% -8.25%
Other Long-Term Liabilities $48.90M
YoY Change 12.38%
Total Long-Term Liabilities $2.466M $48.90M
YoY Change -8.67% 12.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.91M $48.90M
Total Long-Term Liabilities $2.466M $48.90M
Total Liabilities $5.516B $5.529B
YoY Change 0.9% 1.44%
SHAREHOLDERS EQUITY
Retained Earnings $498.3M $485.3M
YoY Change 11.37% 11.97%
Common Stock $421.3M $420.4M
YoY Change 0.65% 0.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $744.6M $687.8M
YoY Change
Total Liabilities & Shareholders Equity $6.261B $6.217B
YoY Change 4.25% 2.7%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $21.05M $20.53M
YoY Change -1.88% -7.2%
Depreciation, Depletion And Amortization $2.296M $2.326M
YoY Change -4.33% -3.53%
Cash From Operating Activities $24.51M $18.71M
YoY Change 0.04% -14.08%
INVESTING ACTIVITIES
Capital Expenditures $1.482M $1.671M
YoY Change 48.2% -34.42%
Acquisitions
YoY Change
Other Investing Activities -$144.0M $127.8M
YoY Change 268.19% -1106.1%
Cash From Investing Activities -$145.4M $126.1M
YoY Change 261.81% -927.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.83M 61.00M
YoY Change -273.34% 13.26%
NET CHANGE
Cash From Operating Activities 24.51M 18.71M
Cash From Investing Activities -145.4M 126.1M
Cash From Financing Activities -12.83M 61.00M
Net Change In Cash -133.8M 205.8M
YoY Change 1511.61% 240.95%
FREE CASH FLOW
Cash From Operating Activities $24.51M $18.71M
Capital Expenditures $1.482M $1.671M
Free Cash Flow $23.03M $17.04M
YoY Change -2.01% -11.39%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Basis Of Accounting
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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, 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.</span></div>
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CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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44144000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
39766000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
645972000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
525453000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
1649299000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
1373812000 usd
CY2024Q2 gabc Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Available To Be Sold
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossAvailableToBeSold
375321000 usd
us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossSecuritiesSold
175061000 usd
CY2024Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
164205000 usd
CY2023Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
20507000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
184000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
89000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
35077000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
51000 usd
CY2024Q2 gabc Income Tax Gross Gains On Available For Sale Debt Securities
IncomeTaxGrossGainsOnAvailableForSaleDebtSecurities
-7704000 usd
CY2023Q2 gabc Income Tax Gross Gains On Available For Sale Debt Securities
IncomeTaxGrossGainsOnAvailableForSaleDebtSecurities
8000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
114259000 usd
gabc Income Tax Gross Gains On Available For Sale Debt Securities
IncomeTaxGrossGainsOnAvailableForSaleDebtSecurities
-7697000 usd
gabc Income Tax Gross Gains On Available For Sale Debt Securities
IncomeTaxGrossGainsOnAvailableForSaleDebtSecurities
8000 usd
CY2024Q2 us-gaap Carrying Value Of Securities Sold Under Repurchase Agreements And Deposits Received For Securities Loaned
CarryingValueOfSecuritiesSoldUnderRepurchaseAgreementsAndDepositsReceivedForSecuritiesLoaned
595860000 usd
CY2023Q4 us-gaap Carrying Value Of Securities Sold Under Repurchase Agreements And Deposits Received For Securities Loaned
CarryingValueOfSecuritiesSoldUnderRepurchaseAgreementsAndDepositsReceivedForSecuritiesLoaned
366576000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
20435000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
538000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
1275754000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
274967000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
1296189000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
275505000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
13604000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
176000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
1494312000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
275589000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
1507916000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
275765000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
7489000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
9620000 usd
CY2009Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1350000 usd
CY2009Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossCumulativeAmount
997000 usd
CY2024Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossCumulativeAmount
0 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee And Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAndLoanInProcess
4044268000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee And Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAndLoanInProcess
3977900000 usd
CY2024Q2 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-7141000 usd
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-6818000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
43946000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
43765000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
3993181000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
3927317000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
43754000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
625000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
599000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
166000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
43946000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
44315000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
550000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
849000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
250000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
44266000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
43765000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
1525000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
1660000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
316000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
43946000 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
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
535000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
44266000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual No Allowance
FinancingReceivableExcludingAccruedInterestNonaccrualNoAllowance
3573000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
6583000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest90 Days Or More Past Due Still Accruing
FinancingReceivableExcludingAccruedInterest90DaysOrMorePastDueStillAccruing
706000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
6583000 usd
CY2024Q2 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
43000 usd
us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
75000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual No Allowance
FinancingReceivableExcludingAccruedInterestNonaccrualNoAllowance
5882000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
9136000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest90 Days Or More Past Due Still Accruing
FinancingReceivableExcludingAccruedInterest90DaysOrMorePastDueStillAccruing
55000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
9136000 usd
CY2023 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
106000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee And Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAndLoanInProcess
4044268000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee And Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAndLoanInProcess
3977900000 usd
gabc Financing Receivable Loan Modifications Number Of Contracts
FinancingReceivableLoanModificationsNumberOfContracts
0 loan
CY2023 gabc Financing Receivable Loan Modifications Number Of Contracts
FinancingReceivableLoanModificationsNumberOfContracts
0 loan
CY2024Q2 gabc Financing Receivable Loan Modifications Number Of Contracts
FinancingReceivableLoanModificationsNumberOfContracts
0 loan
CY2023Q2 gabc Financing Receivable Loan Modifications Number Of Contracts
FinancingReceivableLoanModificationsNumberOfContracts
0 loan
gabc Financing Receivable Loan Modifications Number Of Contracts
FinancingReceivableLoanModificationsNumberOfContracts
0 loan
CY2024Q2 gabc Financing Receivable Loan Modifications Number Of Contracts
FinancingReceivableLoanModificationsNumberOfContracts
0 loan
gabc Financing Receivable Loan Modifications Number Of Contracts
FinancingReceivableLoanModificationsNumberOfContracts
0 loan
CY2024Q2 gabc Financing Receivable Loan Modifications Number Of Contracts
FinancingReceivableLoanModificationsNumberOfContracts
0 loan
CY2023Q2 gabc Financing Receivable Loan Modifications Number Of Contracts
FinancingReceivableLoanModificationsNumberOfContracts
0 loan
gabc Financing Receivable Loan Modifications Number Of Contracts
FinancingReceivableLoanModificationsNumberOfContracts
0 loan
gabc Financing Receivable Loan Modifications Number Of Contracts
FinancingReceivableLoanModificationsNumberOfContracts
0 loan
CY2024Q2 gabc Financing Receivable Individually Evaluated For Impairment Threshold Amount
FinancingReceivableIndividuallyEvaluatedForImpairmentThresholdAmount
250000 usd
us-gaap Financing Receivable Excluding Accrued Interest Purchase
FinancingReceivableExcludingAccruedInterestPurchase
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Sale And Reclassification To Held For Sale
FinancingReceivableExcludingAccruedInterestSaleAndReclassificationToHeldForSale
0 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Purchase
FinancingReceivableExcludingAccruedInterestPurchase
1502000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Sale And Reclassification To Held For Sale
FinancingReceivableExcludingAccruedInterestSaleAndReclassificationToHeldForSale
0 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2024Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
45971000 usd
CY2024Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
969000 usd
CY2024Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-34893000 usd
CY2024Q2 gabc Wealth Management Fees
WealthManagementFees
3783000 usd
CY2024Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
1506000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
625000 usd
CY2024Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2326000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6065000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
20530000 usd
CY2024Q2 us-gaap Assets
Assets
6216923000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
48258000 usd
CY2023Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
630000 usd
CY2023Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
38000 usd
CY2023Q2 gabc Wealth Management Fees
WealthManagementFees
2912000 usd
CY2023Q2 us-gaap Insurance Commissions And Fees
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
22123000 usd
CY2023Q4 us-gaap Assets
Assets
6152198000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
90965000 usd
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1720000 usd
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-34858000 usd
gabc Wealth Management Fees
WealthManagementFees
7149000 usd
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
4384000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
1525000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4665000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10221000 usd
us-gaap Net Income Loss
NetIncomeLoss
39552000 usd
CY2024Q2 us-gaap Assets
Assets
6216923000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
97267000 usd
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1217000 usd
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
40000 usd
gabc Wealth Management Fees
WealthManagementFees
5556000 usd
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
5265000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
1650000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4840000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9208000 usd
us-gaap Net Income Loss
NetIncomeLoss
42930000 usd
CY2023Q4 us-gaap Assets
Assets
6152198000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2024Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
1040000 usd
CY2023Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
830000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
203000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
179000 usd
CY2024Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
322000 usd
CY2023Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
262000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
921000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
747000 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
1680000 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
1369000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
391000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
361000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
537000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
449000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1534000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1281000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2024Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
15419000 usd
CY2023Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
5226000 usd
CY2024Q2 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
15108000 usd
CY2023Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
5125000 usd
CY2024Q2 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
311000 usd
CY2023Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
101000 usd
CY2024Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-8103000 usd
CY2024Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-27189000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
19086000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-27970000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-27161000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-809000 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
CY2024Q2 gabc Revenue From Contract With Customer Excluding Assessed Tax Including Other Operating Income
RevenueFromContractWithCustomerExcludingAssessedTaxIncludingOtherOperatingIncome
13553000 usd
CY2023Q2 gabc Revenue From Contract With Customer Excluding Assessed Tax Including Other Operating Income
RevenueFromContractWithCustomerExcludingAssessedTaxIncludingOtherOperatingIncome
13160000 usd
CY2024Q2 us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
5370000 usd
CY2023Q2 us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
1736000 usd
CY2024Q2 us-gaap Noninterest Income
NoninterestIncome
18923000 usd
CY2023Q2 us-gaap Noninterest Income
NoninterestIncome
14896000 usd
gabc Revenue From Contract With Customer Excluding Assessed Tax Including Other Operating Income
RevenueFromContractWithCustomerExcludingAssessedTaxIncludingOtherOperatingIncome
27535000 usd
gabc Revenue From Contract With Customer Excluding Assessed Tax Including Other Operating Income
RevenueFromContractWithCustomerExcludingAssessedTaxIncludingOtherOperatingIncome
26679000 usd
us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
7210000 usd
us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
3184000 usd
us-gaap Noninterest Income
NoninterestIncome
34745000 usd
us-gaap Noninterest Income
NoninterestIncome
29863000 usd
CY2024Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
53000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
52000 usd
CY2024Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
71000 usd
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
77000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
335000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
363000 usd
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
459000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
492000 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
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
155000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
736000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
us-gaap Lease Cost
LeaseCost
932000 usd
us-gaap Lease Cost
LeaseCost
996000 usd
CY2024Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2024Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.1136
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.1139
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0310
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0284
CY2024Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1543000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1753000 usd
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2526000 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2753000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4543000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5674000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4708000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5816000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
143000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
155000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
675000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
722000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
127000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
101000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
519000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
1225000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
519000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
903000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
519000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
756000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
445000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
627000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
438000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
566000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
1290000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
1232000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3730000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5309000 usd
CY2024Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1204000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
601000 usd
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2526000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4708000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0000714395-24-000036-index-headers.html Edgar Link pending
0000714395-24-000036-index.html Edgar Link pending
0000714395-24-000036.txt Edgar Link pending
0000714395-24-000036-xbrl.zip Edgar Link pending
exhibit101.htm Edgar Link pending
exhibit311-q22024.htm Edgar Link pending
exhibit312-q22024.htm Edgar Link pending
exhibit321-q22024.htm Edgar Link pending
exhibit322-q22024.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gabc-20240630.htm Edgar Link pending
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