JASPER, Ind., July 25, 2016 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) reported today the achievement of record 2016 second quarter earnings of $9.8 million, or $0.64 per share.  The Company’s record earnings were enhanced by the inclusion of the operations of River Valley Bancorp, and its banking subsidiary River Valley Financial Bank, for the full quarter, following the acquisition of River Valley on March 1, 2016.  The current quarter record performance represented a 16.4% increase, on a per share basis, from the $7.3 million, or $0.55 per share, reported in the second quarter of 2015.

German American’s record second quarter earnings were also driven by a number of positive factors within the Company’s core operations, including the continuation of the recent trend of exceptional organic growth within the Company’s loan portfolio. Total end-of-period loans from the Company’s existing banking offices, exclusive of the acquired River Valley loan portfolio, grew approximately $57 million, or 14% on a linked-quarter annualized basis, during the second quarter. Total reported end-of-period loans, inclusive of River Valley, grew by $46 million, or 10% on a linked-quarter annualized basis. This combination of exceptionally strong organic loan growth and the inclusion of the River Valley loan portfolio resulted in an improvement of German American’s net interest margin to 3.86% during the second quarter.

Commenting on the Company’s posting of the record quarterly operating performance, Mark A. Schroeder stated, "We are extremely pleased with this quarter’s results, which were positively impacted by both the anticipated earnings enhancements from the merger transaction with River Valley and by exceptionally strong loan growth throughout our footprint and within all loan categories.  As always, we are honored and humbled that clients throughout our footprint are, in increasing numbers, reaching out to our team of dedicated, financial professionals for advice and counsel in the achievement of the financial success of their businesses, communities, and families.  This quarter’s record performance is a by-product of the strong endorsement of our clients.”

The Company also announced that its Board of Directors declared its regular quarterly cash dividend of $0.18 per share, which will be payable on August 20, 2016 to shareholders of record as of August 10, 2016.

Balance Sheet Highlights

Total assets for the Company increased to $2.916 billion at June 30, 2016, representing an increase of $49.1 million, or 7% on an annualized basis, compared with March 31, 2016 and an increase of $542.1 million compared with June 30, 2015. The year-over-year increase was largely attributable to the acquisition of River Valley Bancorp ("River Valley") and its banking subsidiary River Valley Financial Bank effective March 1, 2016. River Valley's total assets as of the effective date of the merger totaled approximately $516.3 million.

June 30, 2016 total loans increased $45.6 million, or 10% on an annualized basis, compared with March 31, 2016 and increased $487.8 million, or 33%, compared with June 30, 2015. As of June 30, 2016, outstanding loans from River Valley totaled $305.3 million which contributed significantly to the overall loan portfolio growth on a year-over-year basis.

Total loans from the Company's existing branch network, excluding the acquired River Valley loans, grew by approximately $56.9 million, or 14% on an annualized basis, during the second quarter of 2016 compared with March 31, 2016 total loans. Included in this second quarter of 2016 loan growth, excluding River Valley, was an increase of approximately $35.7 million, or 13% on an annualized basis, of commercial real estate and commercial and industrial loans and an increase in agricultural loans of approximately $13.3 million, or 23% on annualized basis. On a year-over-year basis, total loans from the Company's existing branch network, excluding the acquired River Valley loans, grew by $182.5 million, or 12%. This growth occurred in all segments of the loan portfolio.

End of Period Loan Balances		6/30/2016				3/31/2016				6/30/2015
(dollars in thousands)
Commercial & Industrial Loans		$	463,501			$	448,569			$	396,741
Commercial Real Estate Loans		840,215				812,565				584,426
Agricultural Loans		285,353				275,938				222,298
Consumer Loans		182,610				174,005				135,874
Residential Mortgage Loans		192,603				207,561				137,129
		$	1,964,282			$	1,918,638			$	1,476,468

Non-performing assets totaled $9.7 million at June 30, 2016 compared to $7.1 million of non-performing assets at March 31, 2016 and $5.8 million at June 30, 2015.  Non-performing assets represented 0.33% of total assets at June 30, 2016 compared to 0.25% of total assets at March 31, 2016 and 0.26% of total assets at June 30, 2015.  Non-performing loans totaled $9.3 million at June 30, 2016 compared to $6.8 million at March 31, 2016 and $5.4 million of non-performing loans at June 30, 2015.  Non-performing loans represented 0.48% of total loans at June 30, 2016 compared to 0.35% at March 31, 2016 and 0.37% at June 30, 2015.  The increase in non-performing assets and non-performing loans was primarily attributable to the loans acquired in the River Valley merger transaction which closed effective March 1, 2016.

Non-performing Assets
(dollars in thousands)
	6/30/2016				3/31/2016				6/30/2015
Non-Accrual Loans	$	8,294			$	6,592			$	5,431
Past Due Loans (90 days or more)	1,024				168				15
Total Non-Performing Loans	9,318				6,760				5,446
Other Real Estate	416				343				317
Total Non-Performing Assets	$	9,734			$	7,103			$	5,763
Restructured Loans	$	74			$	122			$	2,587

The Company’s allowance for loan losses totaled $15.3 million at June 30, 2016 compared to $15.2 million at March 31, 2016 and $14.4 million at June 30, 2015.  The allowance for loan losses represented 0.78% of period-end loans at June 30, 2016 compared with 0.79% of period-end loans at March 31, 2016 and 1.04% of period-end loans at June 30, 2015.  The year-over-year decline in the allowance for loan loss as a percent of total loans was the result of the acquisition of River Valley.  Under acquisition accounting treatment, loans acquired are recorded at fair value which includes a credit risk component, and therefore the allowance on loans acquired is not carried over from the seller.  The Company held a discount on acquired loans of $11.8 million as of June 30, 2016, $13.3 million at March 31, 2016 and $3.3 million at June 30, 2015.

Total deposits increased $36.7 million, or 7% on an annualized basis, as of June 30, 2016 compared with March 31, 2016 and increased $514.6 million compared with June 30, 2015.

End of Period Deposit Balances		6/30/2016				3/31/2016				6/30/2015
(dollars in thousands)
Non-interest-bearing Demand Deposits		$	506,498			$	507,567			$	425,547
IB Demand, Savings, and MMDA Accounts		1,380,038				1,310,089				1,014,013
Time Deposits < $100,000		236,127				244,718				189,615
Time Deposits > $100,000		154,709				178,240				133,590
		$	2,277,372			$	2,240,614			$	1,762,765

Results of Operations Highlights – Quarter ended June 30, 2016

Net income for the quarter ended June 30, 2016 totaled $9,788,000, or $0.64 per share, compared with the first quarter 2016 net income of $5,146,000, or $0.37 per share, and the second quarter 2015 net income of $7,325,000 or $0.55 per share.  The first quarter of 2016 results of operations included only one month's operations of River Valley and were significantly impacted by merger related charges associated with the closing of the River Valley transaction which was effective March 1, 2016.  These merger related charges totaled approximately $3,884,000, or $2,448,000 on an after tax basis, which represented approximately $0.18 per share during the first quarter of 2016.  The second quarter of 2016 included a full quarter of River Valley's operations.

Summary Average Balance Sheet
(Tax-equivalent basis / dollars in thousands)
		Quarter Ended											Quarter Ended											Quarter Ended
		June 30, 2016											March 31, 2016											June 30, 2015
		Principal Balance				Income/ Expense				Yield/ Rate			Principal Balance				Income/ Expense				Yield/ Rate			Principal Balance				Income/ Expense				Yield/ Rate
Assets
Federal Funds Sold and Other
Short-term Investments		$	25,918			$	20			0.30	%		$	20,377			$	17			0.34	%		$	20,540			$	4			0.07	%
Securities		723,222				5,168				2.86	%		696,175				4,926				2.83	%		632,270				4,400				2.78	%
Loans and Leases		1,935,246				22,791				4.73	%		1,694,643				18,755				4.45	%		1,456,699				16,630				4.58	%
Total Interest Earning Assets		$	2,684,386			$	27,979			4.19	%		$	2,411,195			$	23,698			3.95	%		$	2,109,509			$	21,034			4.00	%
Liabilities
Demand Deposit Accounts		$	502,070										$	467,516										$	420,341
IB Demand, Savings, and
MMDA Accounts		$	1,369,446			$	672			0.20	%		$	1,143,434			$	464			0.16	%		$	1,055,880			$	345			0.13	%
Time Deposits		426,918				654				0.62	%		400,353				691				0.69	%		341,678				677				0.79	%
FHLB Advances and Other Borrowings		235,434				853				1.46	%		243,030				741				1.23	%		160,196				450				1.13	%
Total Interest-Bearing Liabilities		$	2,031,798			$	2,179			0.43	%		$	1,786,817			$	1,896			0.43	%		$	1,557,754			$	1,472			0.38	%
Cost of Funds										0.33	%										0.32	%										0.28	%
Net Interest Income						$	25,800										$	21,802										$	19,562
Net Interest Margin										3.86	%										3.63	%										3.72	%

During the quarter ended June 30, 2016, net interest income totaled $24,671,000 representing an increase of $3,887,000, or 19%, from the quarter ended March 31, 2016 net interest income of $20,784,000 and an increase of $5,965,000, or 32%, compared with the quarter ended June 30, 2015 net interest income of $18,706,000.  The increase in net interest income was largely attributable to the River Valley merger transaction.

The tax equivalent net interest margin for the quarter ended June 30, 2016 was 3.86% compared with 3.63% in the first quarter of 2016 and 3.72% in the second quarter of 2015.  The increase in the net interest margin during the second quarter of 2016 was primarily attributable to a relatively stable cost of funds combined with an increased loan yield stemming largely from the addition of the River Valley loan portfolio and an increase in the amount of accretion of loan discounts on acquired loans. Accretion of loan discounts on acquired loans contributed approximately 23 basis points to the net interest margin on an annualized basis in the second quarter of 2016, 6 basis points in the first quarter of 2016, and 5 basis points in the second quarter of 2015.  The increase in accretion in the second quarter of 2016 was largely attributable to the pay-off activity on loans acquired in the River Valley transaction.

During the quarter ended June 30, 2016, the Company recorded a provision for loan loss of $350,000 compared to a provision of $850,000 during the first quarter of 2016 and a provision of $250,000 in the second quarter of 2015. The level of provision during all periods was done in accordance with the Company's standard methodology for determining the adequacy of its allowance for loan loss.

During the quarter ended June 30, 2016, non-interest income totaled $8,055,000, an increase of $838,000, or 12%, compared with the quarter ended March 31, 2016, and an increase of $1,934,000, or 32%, compared with the second quarter of 2015.  The increase during the second quarter of 2016 relative to both comparative periods was impacted by the acquisition of River Valley.  The second quarter of 2016 included a full quarter of River Valley operations while the first quarter of 2016 only included one month of operations and the second quarter of 2015 had no operations of River Valley included.

		Quarter Ended				Quarter Ended				Quarter Ended
Non-interest Income		6/30/2016				3/31/2016				6/30/2015
(dollars in thousands)
Trust and Investment Product Fees		$	1,223			$	1,021			$	939
Service Charges on Deposit Accounts		1,534				1,233				1,220
Insurance Revenues		1,605				2,727				1,515
Company Owned Life Insurance		247				215				207
Interchange Fee Income		599				537				563
Other Operating Income		996				764				631
Subtotal		6,204				6,497				5,075
Net Gains on Loans		883				720				784
Net Gains on Securities		968				—				262
Total Non-interest Income		$	8,055			$	7,217			$	6,121

Insurance revenues declined $1,122,000, or 41%, during the quarter ended June 30, 2016, compared with the first quarter of 2016 and increased $90,000, or 6%, compared with the second quarter of 2015.  The decrease in the second quarter of 2016 compared with first quarter of 2016 was due to contingency revenue.  Contingency revenue during the first quarter of 2016 totaled $1,113,000 compared with no contingency revenue during the second quarter of 2016.  The fluctuation in contingency revenue is a normal course of business variance and is reflective of claims and loss experience with insurance carriers that the Company represents through its property and casualty insurance agency.  Typically the majority of contingency revenue is recognized during the first quarter of the year.

The Company realized $968,000 in net gains on sales of securities during the second quarter of 2016 compared with no gains on sales of securities during the first quarter of 2016 and $262,000 of net gains on the sale of securities in the second quarter of 2015.

During the quarter ended June 30, 2016, non-interest expense totaled $18,339,000, a decline of $1,901,000, or 9%, compared with the quarter ended March 31, 2016, and an increase of $4,024,000, or 28%, compared with the second quarter of 2015.  During the second quarter of 2016, the Company recorded costs related to the River Valley merger transaction that totaled $246,000 following recording costs related to the merger of $3,884,000 in the first quarter of 2016.

Excluding the merger related transaction costs, the majority of the increase in operating expenses during the second quarter of 2016 compared to the first quarter of 2016 and the second quarter of 2015 were related to the operating costs of River Valley.  The second quarter of 2016 included a full quarter of River Valley operations while the first quarter of 2016 only included one month of operations and the second quarter of 2015 had no operations of River Valley included.

		Quarter Ended				Quarter Ended				Quarter Ended
Non-interest Expense		6/30/2016				3/31/2016				6/30/2015
(dollars in thousands)
Salaries and Employee Benefits		$	10,184			$	11,601			$	8,259
Occupancy, Furniture and Equipment Expense		2,218				1,887				1,683
FDIC Premiums		339				328				284
Data Processing Fees		1,181				2,165				870
Professional Fees		780				1,318				642
Advertising and Promotion		629				544				484
Intangible Amortization		312				208				202
Other Operating Expenses		2,696				2,189				1,891
Total Non-interest Expense		$	18,339			$	20,240			$	14,315

Salaries and benefits decreased $1,471,000, or 12%, in the second quarter of 2016 compared with the first quarter of 2016.  The decline was related to $1,934,000 of merger costs related to the settlement of various employment and benefit arrangements recorded in the first quarter of 2016.

Data processing fees decreased $984,000, or 45%, in the second quarter of 2016 compared with the first quarter of 2016.  In the first quarter of 2016, the Company recorded $1,198,000 of merger costs related to the consolidation of various data processing and information systems.

Professional fees decreased $538,000, or 41%, in the second quarter of 2016 compared with the first quarter of 2016.  The second quarter of 2016 included $125,000 of merger related costs while the first quarter of 2016 included $599,000 of merger related costs.

About German American

German American Bancorp, Inc., is a NASDAQ-traded (symbol: GABC) bank holding company based in Jasper, Indiana.  German American, through its banking subsidiary German American Bancorp, operates 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. The Company also owns an investment brokerage subsidiary (German American Investment Services, Inc.) and a full line property and casualty insurance agency (German American Insurance, Inc.).

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Readers are cautioned that, by their nature, forward-looking statements are based on assumptions and are subject to risks, uncertainties, and other factors. Actual results and experience could differ materially from the anticipated results or other expectations expressed or implied by these forward-looking statements as a result of a number of factors, including but not limited to, those discussed in this press release. Factors that could cause actual experience to differ from the expectations expressed or implied in this press release include the unknown future direction of interest rates and the timing and magnitude of any changes in interest rates; changes in competitive conditions; the introduction, withdrawal, success and timing of asset/liability management strategies or of mergers and acquisitions and other business initiatives and strategies; changes in customer borrowing, repayment, investment and deposit practices; changes in fiscal, monetary and tax policies; changes in financial and capital markets; potential deterioration in general economic conditions, either nationally or locally, resulting in, among other things, credit quality deterioration; capital management activities, including possible future sales of new securities, or possible repurchases or redemptions by the Company of outstanding debt or equity securities; risks of expansion through acquisitions and mergers, such as unexpected credit quality problems of the acquired loans or other assets, unexpected attrition of the customer base of the acquired institution or branches, and difficulties in integration of the acquired operations; factors driving impairment charges on investments; the impact, extent and timing of technological changes; potential cyber-attacks, information security breaches and other criminal activities; litigation liabilities, including related costs, expenses, settlements and judgments, or the outcome of matters before regulatory agencies, whether pending or commencing in the future; actions of the Federal Reserve Board; changes in accounting principles and interpretations; potential increases of federal deposit insurance premium expense, and possible future special assessments of FDIC premiums, either industry wide or specific to the Company’s banking subsidiary; actions of the regulatory authorities under the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Federal Deposit Insurance Act and other possible legislative and regulatory actions and reforms; the continued availability of earnings and excess capital sufficient for the lawful and prudent declaration and payment of cash dividends; and other risk factors expressly identified in the Company’s filings with the United States Securities and Exchange Commission. Such statements reflect our views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements. It is intended that these forward-looking statements speak only as of the date they are made. We do not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

GERMAN AMERICAN BANCORP, INC.
(unaudited, dollars in thousands except per share data)
Consolidated Balance Sheets
	June 30, 2016				March 31, 2016				June 30, 2015
ASSETS
Cash and Due from Banks	$	36,027			$	34,734			$	31,538
Short-term Investments	18,113				14,312				20,729
Interest-bearing Time Deposits with Banks	1,744				1,992				100
Investment Securities	719,916				715,611				618,891
Loans Held-for-Sale	5,135				8,700				10,622
Loans, Net of Unearned Income	1,960,555				1,914,948				1,472,646
Allowance for Loan Losses	(15,304		)		(15,161		)		(15,258		)
Net Loans	1,945,251				1,899,787				1,457,388
Stock in FHLB and Other Restricted Stock	13,048				13,048				8,122
Premises and Equipment	47,669				47,617				38,707
Goodwill and Other Intangible Assets	57,048				57,359				22,163
Other Assets	71,860				73,567				51,426
TOTAL ASSETS	$	2,915,811			$	2,866,727			$	2,259,686
LIABILITIES
Non-interest-bearing Demand Deposits	$	506,498			$	507,567			$	425,547
Interest-bearing Demand, Savings, and Money Market Accounts	1,380,038				1,310,089				1,014,013
Time Deposits	390,836				422,958				323,205
Total Deposits	2,277,372				2,240,614				1,762,765
Borrowings	278,214				278,698				240,072
Other Liabilities	27,870				25,777				19,799
TOTAL LIABILITIES	2,583,456				2,545,089				2,022,636
SHAREHOLDERS' EQUITY
Common Stock and Surplus	186,251				185,930				122,437
Retained Earnings	134,909				127,867				114,190
Accumulated Other Comprehensive Income	11,195				7,841				423
TOTAL SHAREHOLDERS' EQUITY	332,355				321,638				237,050
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	2,915,811			$	2,866,727			$	2,259,686
END OF PERIOD SHARES OUTSTANDING	15,257,669				15,253,503				13,259,594
TANGIBLE BOOK VALUE PER SHARE	$	18.04			$	17.33			$	16.21

GERMAN AMERICAN BANCORP, INC.
(unaudited, dollars in thousands except per share data)
Consolidated Statements of Income
		Three Months Ended												Six Months Ended
		June 30, 2016				March 31, 2016				June 30, 2015				June 30, 2016				June 30, 2015
INTEREST INCOME
Interest and Fees on Loans		$	22,670			$	18,664			$	16,537			$	41,334			$	32,836
Interest on Short-term Investments and Time Deposits		20				17				4				37				7
Interest and Dividends on Investment Securities		4,160				3,999				3,637				8,159				7,335
TOTAL INTEREST INCOME		26,850				22,680				20,178				49,530				40,178
INTEREST EXPENSE
Interest on Deposits		1,326				1,155				1,022				2,481				2,015
Interest on Borrowings		853				741				450				1,594				908
TOTAL INTEREST EXPENSE		2,179				1,896				1,472				4,075				2,923
NET INTEREST INCOME		24,671				20,784				18,706				45,455				37,255
Provision for Loan Losses		350				850				250				1,200				500
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		24,321				19,934				18,456				44,255				36,755
NON-INTEREST INCOME
Net Gain on Sales of Loans		883				720				784				1,603				1,533
Net Gain on Securities		968				—				262				968				725
Other Non-interest Income		6,204				6,497				5,075				12,701				11,005
TOTAL NON-INTEREST INCOME		8,055				7,217				6,121				15,272				13,263
NON-INTEREST EXPENSE
Salaries and Benefits		10,184				11,601				8,259				21,785				17,084
Other Non-interest Expenses		8,155				8,639				6,056				16,794				12,064
TOTAL NON-INTEREST EXPENSE		18,339				20,240				14,315				38,579				29,148
Income before Income Taxes		14,037				6,911				10,262				20,948				20,870
Income Tax Expense		4,249				1,765				2,937				6,014				6,239
NET INCOME		$	9,788			$	5,146			$	7,325			$	14,934			$	14,631
BASIC EARNINGS PER SHARE		$	0.64			$	0.37			$	0.55			$	1.02			$	1.11
DILUTED EARNINGS PER SHARE		$	0.64			$	0.37			$	0.55			$	1.02			$	1.10
WEIGHTED AVERAGE SHARES OUTSTANDING		15,256,019				13,924,856				13,256,026				14,590,437				13,238,836
DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING		15,257,219				13,928,933				13,263,604				14,593,076				13,246,359

GERMAN AMERICAN BANCORP, INC.
(unaudited, dollars in thousands except per share data)
				Three Months Ended												Six Months Ended
				June 30,				March 31,				June 30,				June 30,				June 30,
				2016				2016				2015				2016				2015
EARNINGS PERFORMANCE RATIOS
			Annualized Return on Average Assets	1.36		%		0.81		%		1.31		%		1.10		%		1.31		%
			Annualized Return on Average Equity	12.02		%		7.39		%		12.27		%		9.79		%		12.40		%
			Net Interest Margin	3.86		%		3.63		%		3.72		%		3.75		%		3.72		%
			Efficiency Ratio (1)	54.17		%		69.75		%		55.74		%		61.36		%		55.90		%
			Net Overhead Expense to Average Earning Assets (2)	1.53		%		2.16		%		1.55		%		1.83		%		1.51		%
ASSET QUALITY RATIOS
			Annualized Net Charge-offs to Average Loans	0.04		%		0.03		%		0.04		%		0.04		%		0.02		%
			Allowance for Loan Losses to Period End Loans	0.78		%		0.79		%		1.04		%
			Non-performing Assets to Period End Assets	0.33		%		0.25		%		0.26		%
			Non-performing Loans to Period End Loans	0.48		%		0.35		%		0.37		%
			Loans 30-89 Days Past Due to Period End Loans	0.45		%		0.34		%		0.21		%
SELECTED BALANCE SHEET & OTHER FINANCIAL DATA
			Average Assets	$	2,885,165			$	2,556,431			$	2,240,528			$	2,723,932			$	2,233,855
			Average Earning Assets	$	2,684,386			$	2,411,195			$	2,109,509			$	2,547,791			$	2,102,912
			Average Total Loans	$	1,935,246			$	1,694,643			$	1,456,699			$	1,814,944			$	1,450,328
			Average Demand Deposits	$	502,070			$	457,516			$	420,341			$	484,793			$	423,853
			Average Interest Bearing Liabilities	$	2,031,798			$	1,786,817			$	1,557,754			$	1,909,308			$	1,551,999
			Average Equity	$	325,754			$	278,483			$	238,731			$	305,000			$	235,968
			Period End Non-performing Assets (3)	$	9,734			$	7,103			$	5,763
			Period End Non-performing Loans (4)	$	9,318			$	6,760			$	5,446
			Period End Loans 30-89 Days Past Due (5)	$	8,764			$	6,562			$	3,025
			Tax Equivalent Net Interest Income	$	25,800			$	21,802			$	19,562			$	47,602			$	38,882
			Net Charge-offs during Period	$	207			$	128			$	161			$	334			$	171
	(1	)	Efficiency Ratio is defined as Non-interest Expense divided by the sum of Net Interest Income, on a tax equivalent basis, and Non-interest Income.
	(2	)	Net Overhead Expense is defined as Total Non-interest Expense less Total Non-interest Income.
	(3	)	Non-performing assets are defined as Non-accrual Loans, Loans Past Due 90 days or more, Restructured Loans, and Other Real Estate Owned.
	(4	)	Non-performing loans are defined as Non-accrual Loans, Loans Past Due 90 days or more, and Restructured Loans.
	(5	)	Loans 30-89 days past due and still accruing.

 

For additional information, contact:
Mark A Schroeder, Chairman & Chief Executive Officer of German American Bancorp, Inc.
Bradley M Rust, Executive Vice President/CFO of German American Bancorp, Inc.
(812) 482-1314

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