German American Bank Mortgage Rates, Fees & Info

Jasper, IN

LEI: 5493002JDOI3GTNVUD76

Tax ID: 20-5480153

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    German American Bank is a smaller bank specializing in Refi and Home Purchase loans. German American Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Evansville, Bloomington, Louisville, Jasper, and Bowling Green among others. We have data for 47 markets. (Some data included below & more in-depth data is available with an active subscription.)

    German American Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. German American Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 12/3/24
    30 Year Conventional Purchase 6.77% 12/3/24
    30 Year Conventional Refi 6.73% 12/3/24
    30 Year Cash-out Refi 6.84% 12/3/24
    30 Year FHA Purchase 7.36% 12/3/24
    30 Year FHA Refi 8.09% 12/3/24
    30 Year VA Purchase 6.38% 12/3/24
    30 Year USDA Purchase 6.80% 12/3/24
    30 Year USDA Refi 6.27% 12/3/24
    15 Year Conventional Purchase 6.13% 12/3/24
    15 Year Conventional Refi 6.37% 12/3/24
    15 Year Cash-out Refi 6.37% 12/3/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    German American Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from German American Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    3,919

    Origination Dollar Volume (All Markets)

    $672,955,000

    Employee count

    724 Show all (12) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    EVANSVILLE, IN-KY (FHA|USDA|VA) 449 $89,155,000 $198,563 $2,507 2.16%
    BLOOMINGTON, IN (FHA|USDA|VA) 279 $80,855,000 $289,803 $2,576 2.01%
    Outside of Metro Areas 697 $71,955,000 $103,235 $2,289 2.02%
    LOUISVILLE, KY (FHA|USDA|VA) 319 $69,115,000 $216,661 $2,586 1.52%
    Jasper, IN (FHA|USDA|VA) 500 $64,970,000 $129,940 $2,306 2.10%
    BOWLING GREEN, KY (FHA|USDA|VA) 189 $57,285,000 $303,095 $2,850 1.97%
    COLUMBUS, IN (FHA|USDA|VA) 263 $41,875,000 $159,221 $2,469 1.83%
    OWENSBORO, KY (FHA|USDA|VA) 229 $31,035,000 $135,524 $2,995 2.28%
    Washington, IN (FHA|USDA|VA) 229 $28,845,000 $125,961 $1,476 2.35%
    Madison, IN (FHA|USDA|VA) 212 $27,730,000 $130,802 $2,243 2.10%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 79 $17,365,000 $219,810 $2,376 2.22%
    Vincennes, IN (FHA|USDA|VA) 125 $16,125,000 $129,000 $2,349 2.63%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 10 $14,620,000 $1,462,000 $3,304 2.80%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 31 $11,255,000 $363,065 $2,561 2.31%
    Greensburg, IN (FHA|USDA|VA) 25 $8,235,000 $329,400 $2,754 1.94%
    Bedford, IN (FHA|USDA|VA) 65 $7,865,000 $121,000 $2,157 1.71%
    Glasgow, KY (FHA|USDA|VA) 65 $7,115,000 $109,462 $3,881 2.01%
    North Vernon, IN (FHA|USDA|VA) 57 $6,535,000 $114,649 $2,635 2.27%
    Seymour, IN (FHA|USDA|VA) 30 $5,540,000 $184,667 $2,895 2.31%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $2,760,000 $1,380,000 $0 3.44%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 13 $2,325,000 $178,846 $2,828 1.85%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 7 $1,305,000 $186,429 $3,599 2.11%
    Scottsburg, IN (FHA|USDA|VA) 10 $1,140,000 $114,000 $2,146 2.12%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $775,000 $775,000 $0 3.50%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $745,000 $745,000 $13,442 3.13%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $700,000 $350,000 $4,974 2.94%
    TERRE HAUTE, IN (FHA|USDA|VA) 6 $650,000 $108,333 $2,217 4.06%
    Somerset, KY (FHA|USDA|VA) 2 $640,000 $320,000 $0 4.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $525,000 $525,000 $17,684 2.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $505,000 $505,000 $5,535 3.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $450,000 $225,000 $4,309 3.56%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $405,000 $405,000 $3,035 3.13%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $365,000 $365,000 $2,797 2.63%
    Madisonville, KY (FHA|USDA|VA) 2 $280,000 $140,000 $3,381 1.56%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $255,000 $255,000 $2,803 3.25%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $245,000 $245,000 $3,043 3.88%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $215,000 $215,000 $2,545 3.13%
    Paducah, KY-IL (FHA|USDA|VA) 2 $160,000 $80,000 $3,275 1.63%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,397 2.38%
    Mount Sterling, KY (FHA|USDA|VA) 1 $145,000 $145,000 $5,295 2.38%
    DECATUR, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,544 3.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,794 2.88%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $2,376 3.13%
    KOKOMO, IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $95,000 $95,000 $2,268 2.38%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $95,000 $95,000 $2,625 2.88%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.25%
    German American Bank's top markets include Evansville, Bloomington, Louisville, Jasper, and Bowling Green among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against German American Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    EVANSVILLE
    Similarity Rank: 28
    The Friendship State Bank
    Similarity Rank: 110
    SERVICE ONE
    Similarity Rank: 132
    Morgantown Bank & Trust Company, Incorporated
    Similarity Rank: 190
    BOONVILLE FEDERAL SAVINGS BANK
    Similarity Rank: 204
    The Riddell National Bank
    Similarity Rank: 252
    Mutual Savings Bank
    Similarity Rank: 264
    Edmonton State Bank
    Similarity Rank: 279
    Heritage Federal Credit Union
    Similarity Rank: 280
    United Fidelity Bank, fsb
    Similarity Rank: 340

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,056 $482,530,000 $234,694 $2,234 3.12%
    HELOC 1,713 $163,435,000 $95,409 n/a 0.73%
    FHA 86 $14,500,000 $168,605 $5,802 2.96%
    USDA 42 $6,050,000 $144,048 $4,244 2.82%
    VA 22 $6,440,000 $292,727 $6,541 2.84%

    For 2021, German American Bank's most frequently originated type of loan was Conventional, with 2,056 originations. Their 2nd most popular type was HELOC, with 1,713 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,288 $218,270,000 $169,464 $1,830 2.58%
    Home Purchase 1,163 $298,125,000 $256,341 $2,945 3.05%
    Other 750 $68,920,000 $91,893 $1,610 0.21%
    Home Improvement 421 $31,435,000 $74,667 $1,082 0.42%
    Cash Out Refi 297 $56,205,000 $189,242 $2,859 3.00%

    For 2021, German American Bank's most frequently cited loan purpose was Refi, with 1,288 originations. The 2nd most popular reason was Home Purchase, with 1,163 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,940 $235,010,000 $121,139 $404 1.00%
    30 Year 1,190 $239,790,000 $201,504 $2,923 3.11%
    15 Year 477 $83,125,000 $174,266 $2,461 2.68%
    20 Year 149 $32,705,000 $219,497 $2,693 3.55%
    Other 94 $37,750,000 $401,596 $628 3.95%
    5 Year 42 $40,600,000 $966,667 $553 3.88%
    1 Year 26 $3,960,000 $152,308 $0 4.13%
    3 Year 1 $15,000 $15,000 $0 3.58%

    For 2021, German American Bank's most frequently cited loan duration was 10 Year, with 1,940 originations. The 2nd most popular length was 30 Year, with 1,190 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,759 $319,175,000 $181,453
    $1k-2k 123 $19,035,000 $154,756
    $2k-3k 35 $6,515,000 $186,143
    $3k-4k 20 $5,510,000 $275,500
    $5k+ 4 $1,790,000 $447,500
    $4k-5k 2 $510,000 $255,000

    German American Bank's average total fees were $2,923, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,759 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 1,739 $196,535,000 $113,016
    3-4% 940 $261,510,000 $278,202
    2.5-3% 937 $167,245,000 $178,490
    4-5% 290 $40,450,000 $139,483
    5-6% 12 $7,160,000 $596,667
    6-7% 1 $55,000 $55,000

    During 2021, German American Bank's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was <2.5%, with 1,739 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,656 $89,020,000 $53,756 $1,761 1.48%
    $100k-200k 1,351 $191,905,000 $142,047 $2,555 2.43%
    $200k-400k 713 $187,745,000 $263,317 $2,849 2.51%
    $400k-600k 126 $60,190,000 $477,698 $3,167 2.67%
    $1MM+ 37 $116,925,000 $3,160,135 $3,153 3.55%
    $600k-1MM 36 $27,170,000 $754,722 $4,187 2.83%

    2021 saw German American Bank place emphasis on $100,000 or less loans with 1,656 originations, totaling $89,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 837 $78,835,000 $94,188 $2,505 2.20%
    $50k-75k 835 $97,015,000 $116,186 $2,474 2.11%
    $100k-150k 696 $106,660,000 $153,247 $2,359 1.80%
    $75k-100k 620 $82,380,000 $132,871 $2,538 1.89%
    $150k-250k 378 $71,450,000 $189,021 $2,512 1.72%
    $250k+ 220 $71,490,000 $324,955 $2,667 1.83%

    German American Bank lent most frequently to those with incomes in the $50k or less range, with 837 originations. The second most popular income band? $50k-75k, with 835 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 1,094 $138,350,000 $126,463 $1,905 1.36%
    20-30% 1,079 $142,005,000 $131,608 $2,365 1.92%
    30-36% 643 $91,795,000 $142,760 $2,476 1.97%
    37% 141 $16,145,000 $114,504 $2,407 1.84%
    36% 106 $13,200,000 $124,528 $2,434 2.06%
    38% 77 $15,405,000 $200,065 $2,645 2.85%
    40% 59 $10,595,000 $179,576 $2,864 2.90%
    43% 56 $10,090,000 $180,179 $3,128 2.95%
    42% 55 $9,655,000 $175,545 $3,079 3.10%
    41% 55 $11,975,000 $217,727 $3,315 3.02%
    39% 47 $9,475,000 $201,596 $2,621 2.90%
    44% 43 $8,295,000 $192,907 $2,959 2.85%
    45% 42 $7,520,000 $179,048 $2,858 2.93%
    47% 35 $7,775,000 $222,143 $2,849 2.74%
    46% 34 $6,200,000 $182,353 $2,898 2.89%
    48% 27 $5,685,000 $210,556 $2,781 3.02%
    49% 26 $5,090,000 $195,769 $3,176 2.78%
    50-60% 22 $4,110,000 $186,818 $4,518 2.87%
    >60% 3 $275,000 $91,667 $0 0.00%

    German American Bank lent most frequently to those with DTI ratios of <20%, with 1,094 originations. The next most common DTI ratio? 20-30%, with 1,079 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,547 $499,495,000 $140,822 $2,453 1.94%
    Not applicable 177 $139,765,000 $789,633 $0 4.00%
    Not provided 81 $13,745,000 $169,691 $2,563 2.78%
    Asian 61 $11,045,000 $181,066 $2,689 2.51%
    Black 35 $5,405,000 $154,429 $3,619 2.33%
    American Indian 8 $1,760,000 $220,000 $4,499 1.98%
    Asian Indian 1 $545,000 $545,000 $3,508 3.00%
    Other Asian 3 $375,000 $125,000 $3,052 2.79%
    Native Hawaiian or Islander 1 $315,000 $315,000 $3,330 3.13%
    Filipino 3 $235,000 $78,333 $0 0.00%
    Japanese 1 $215,000 $215,000 $2,182 2.63%
    Vietnamese 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.14%

    German American Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.87%

    German American Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,919 $672,955,000 $171,716

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,919 $672,955,000 $171,716

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 891 $96,455,000 $108,255 $1,383 1.48%
    40-60% 651 $106,585,000 $163,725 $1,984 2.16%
    60-80% 920 $230,810,000 $250,880 $2,511 2.79%
    80-100% 746 $199,170,000 $266,984 $3,181 2.88%
    Over 100% 3 $805,000 $268,333 $9,899 2.92%
    Under 20% 708 $39,130,000 $55,268 $791 0.92%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    German American Bank 10 Medical Plaza Drive Hanover, IN 47243 Full Service B&M $25,441
    German American Bank 100 Charles Street Loogootee, IN 47553 Full Service B&M $100,291
    German American Bank 101 North Third Street Vincennes, IN 47591 Full Service B&M $166,706
    German American Bank 1020 Main Street Ferdinand, IN 47532 Full Service B&M $82,977
    German American Bank 1100 West Morton Street Oakland City, IN 47660 Full Service B&M $36,349
    German American Bank 1200 South Main Street Franklin, KY 42134 Full Service B&M $45,247
    German American Bank 1475 Veterans Pkwy, Suite 105 Jeffersonville, IN 47130 Full Service B&M $8,311
    German American Bank 1502 I Street Bedford, IN 47421 Full Service B&M $49,862
    German American Bank 1508 12th Street Tell City, IN 47586 Full Service B&M $17,039
    German American Bank 17 Cherry Tree Plaza, Us Highway 50 East Washington, IN 47501 Full Service B&M $39,407
    German American Bank 1700 Scottsville Road Bowling Green, KY 42103 Full Service B&M $53,932
    German American Bank 1725 E. Tipton Street, Suite 100 Seymour, IN 47274 Full Service B&M $23,784
    German American Bank 1805 Campbell Lane Bowling Green, KY 42104 Full Service B&M $111,516
    German American Bank 1901 25th Street Columbus, IN 47201 Full Service B&M $27,326
    German American Bank 2 N. Green Street Henderson, KY 42420 Full Service B&M $6,009
    German American Bank 204 Main Street Horse Cave, KY 42749 Full Service B&M $57,965
    German American Bank 208 State Road 66 Tell City, IN 47586 Full Service B&M $16,242
    German American Bank 21 Se 3rd Street Evansville, IN 47708 Full Service B&M $49,599
    German American Bank 220 N. State Street North Vernon, IN 47265 Full Service B&M $90,032
    German American Bank 231 West Broadway Princeton, IN 47670 Full Service B&M $76,798
    German American Bank 2310 Jonathan Moore Pike Columbus, IN 47201 Full Service B&M $20,302
    German American Bank 233 East Main Street Madison, IN 47250 Full Service B&M $84,304
    German American Bank 2352 Sir Barton Way Lexington, KY 40509 Full Service B&M $25,053
    German American Bank 240 Jackson Street Columbus, IN 47201 Full Service B&M $148,884
    German American Bank 2606 West 16th Street Bedford, IN 47421 Full Service B&M $13,193
    German American Bank 2614 East 3rd Street Bloomington, IN 47401 Full Service B&M $92,141
    German American Bank 2675 Charlestown Rd New Albany, IN 47150 Full Service B&M $92,983
    German American Bank 2814 N Sixth Street Vincennes, IN 47591 Full Service B&M $22,029
    German American Bank 303 North Main Street Franklin, KY 42135 Full Service B&M $45,360
    German American Bank 304 East Tenth Street Greensburg, IN 47240 Full Service B&M $28,529
    German American Bank 305 East Main Street Petersburg, IN 47567 Full Service B&M $119,309
    German American Bank 309 East 13th Street Huntingburg, IN 47542 Full Service B&M $76,407
    German American Bank 313 Frederica Street Owensboro, KY 42301 Full Service B&M $93,974
    German American Bank 3264 Highway 54 Owensboro, KY 42303 Full Service B&M $8,268
    German American Bank 3300 North Green River Road Evansville, IN 47715 Full Service B&M $30,284
    German American Bank 345 Ruccio Way Lexington, KY 40503 Full Service B&M $7,183
    German American Bank 3537 E 10th St Jeffersonville, IN 47130 Full Service B&M $47,089
    German American Bank 3560 South Frederica Owensboro, KY 42301 Full Service B&M $41,798
    German American Bank 3585 Newton Street Jasper, IN 47546 Full Service B&M $38,167
    German American Bank 3660 Paoli Pike Floyds Knobs, IN 47119 Full Service B&M $19,712
    German American Bank 3930 S. Walnut Street Bloomington, IN 47401 Full Service B&M $126,047
    German American Bank 3933 Venetian Dr Newburgh, IN 47630 Full Service B&M $74,533
    German American Bank 401 E Main St Madison, IN 47250 Limited, Drive-thru $0
    German American Bank 405 North Meridian Street Holland, IN 47541 Full Service B&M $45,441
    German American Bank 430 Clifty Drive Madison, IN 47250 Full Service B&M $204,116
    German American Bank 4424 Vogel Road Evansville, IN 47715 Full Service B&M $264,341
    German American Bank 4541 North 4th Street Dubois, IN 47527 Full Service B&M $42,979
    German American Bank 504 North College Bloomington, IN 47404 Full Service B&M $152,157
    German American Bank 5138 West State Road 56 Ireland, IN 47545 Full Service B&M $35,035
    German American Bank 515 Dixie Lane Evansville, IN 47725 Full Service B&M $53,591
    German American Bank 530 North Saint Joseph Avenue Evansville, IN 47712 Full Service B&M $91,134
    German American Bank 560 South State Road 57 Washington, IN 47501 Full Service B&M $166,913
    German American Bank 645 Main Street Tell City, IN 47586 Full Service B&M $143,934
    German American Bank 656 North Main Street Munfordville, KY 42765 Full Service B&M $34,961
    German American Bank 704 North 5th St Rockport, IN 47635 Full Service B&M $36,869
    German American Bank 711 Main Street Jasper, IN 47546 Full Service B&M $515,477
    German American Bank 760 West Cherry Street Glasgow, KY 42141 Full Service B&M $57,092
    German American Bank 771 Campbell Lane Bowling Green, KY 42104 Full Service B&M $21,457
    German American Bank 7721 N. Cr 900 E. Montgomery, IN 47558 Full Service B&M $77,158
    German American Bank 8005 Highway 311 Sellersburg, IN 47172 Full Service B&M $91,455
    German American Bank 803 Washington Street Columbus, IN 47201 Limited, Drive-thru $0
    German American Bank 8477 Bell Oaks Drive Newburgh, IN 47630 Full Service B&M $18,979
    German American Bank 961 South Hebron Avenue Evansville, IN 47715 Full Service B&M $17,690
    German American Bank 987 Lehman Avenue Bowling Green, KY 42104 Full Service B&M $96,617
    German American Bank Highway 231 And 2nd Street Jasper, IN 47546 Limited, Drive-thru $22,747

    For 2021, German American Bank had 65 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $170,331
    Net interest income $163,449
    Total noninterest income $57,205
    Gross Fiduciary activities income $7,212
    Service charges on deposit accounts $7,727
    Trading account gains and fees $1,131
    Additional Noninterest Income $41,135
    Pre-tax net operating income $104,649
    Securities gains (or losses, -) $2,247
    Income before extraordinary items $86,644
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $86,644
    Minority interest net income $0
    Net income $86,644
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $84,823

    German American Bank's gross interest income from loans was $170,331,000.
    German American Bank's net interest income from loans was $163,449,000.
    German American Bank's fee based income from loans was $7,727,000.
    German American Bank's net income from loans was $86,644,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,882
    Provision for credit losses $-6,500
    Total noninterest expense $122,505
    Salaries and employee benefits $68,032
    Premises and equipment expense $14,822
    Additional noninterest expense $39,651
    Applicable income taxes $20,252
    Net charge-offs $3,342
    Cash dividends $65,000

    German American Bank's interest expense for loans was $6,882,000.
    German American Bank's payroll and benefits expense were $68,032,000.
    German American Bank's property, plant and equipment expenses $14,822,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    Personal loans 0.0%
    Credit card loans 0.4%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $4,831,217
    Deposits held in domestic offices $4,831,217
    Deposits by Individuals, partnerships, and corporations $3,980,973
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $849,299
    Deposits by Commercial banks and other depository institutions in U.S. $945
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,358,250
    Demand deposits $1,358,084
    Nontransaction accounts $3,472,967
    Money market deposit accounts (MMDAs) $768,321
    Other savings deposits (excluding MMDAs) $2,357,548
    Total time deposits $347,099
    Total time and savings deposits $3,473,133
    Noninterest-bearing deposits $1,530,220
    Interest-bearing deposits $3,300,997
    Retail deposits $4,777,522
    IRAs and Keogh plan accounts $56,248
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,596,059
    Cash & Balances due from depository institutions $393,310
    Interest-bearing balances $346,179
    Total securities $1,884,708
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,977,832
    Loan and leases loss allowance $37,017
    Trading account assets $4,519
    Bank premises and fixed assets $88,863
    Other real estate owned $0
    Goodwill and other intangibles $127,879
    All other assets $118,948

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,596,059
    Total Liabilities $4,979,600
    Total deposits $4,831,217
    Interest-bearing deposits $3,300,997
    Deposits held in domestic offices $4,831,217
    % insured (estimated) $54
    Federal funds purchased and repurchase agreements $68,328
    Trading liabilities $4,762
    Other borrowed funds $28,051
    Subordinated debt $0
    All other liabilities $47,242

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,977,832
    Loan and leases loss allowance $37,017
    Total loans and leases (domestic) $3,014,849
    All real estate loans $2,397,492
    Real estate loans in domestic offices $2,397,492
    Construction and development loans $214,631
    Residential 1-4 family construction $49,383
    Other construction, all land development and other land $165,248
    Loans secured by nonfarm nonresidential properties $982,336
    Nonfarm nonresidential secured by owner-occupied properties $397,026
    Commercial real estate & other non-farm, non-residential $585,310
    Multifamily residential real estate $215,332
    1-4 family residential loans $676,900
    Farmland loans $308,293
    Loans held in foreign offices $0
    Farm loans $59,264
    Commercial and industrial loans $441,150
    To non-U.S. addressees $0
    Loans to individuals $49,541
    Credit card loans $14,357
    Related Plans $3,225
    Consumer Auto Loans $17,610
    Other loans to individuals $14,349
    All other loans & leases $67,402
    Loans to foreign governments and official institutions $0
    Other loans $581
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $104
    Non 1-4 family restructured loans & leases $104
    Total loans and leases (foreign) $0

    German American Bank had $2,977,832,000 of loans outstanding in 2021. $2,397,492,000 of loans were in real estate loans. $214,631,000 of loans were in development loans. $215,332,000 of loans were in multifamily mortgage loans. $676,900,000 of loans were in 1-4 family mortgage loans. $59,264,000 of loans were in farm loans. $14,357,000 of loans were in credit card loans. $17,610,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 1,364 $279,051 $204,583
    Nonfarm, nonresidential loans - <$100k 357 $15,512 $43,451
    Nonfarm, nonresidential loans - $100-250k 469 $58,880 $125,544
    Nonfarm, nonresidential loans - $250k-1MM 538 $204,659 $380,407
    Commercial & Industrial, US addressed loans - <$1MM 2,275 $229,222 $100,757
    Commercial & Industrial, US addressed loans - <$100k 1,477 $43,220 $29,262
    Commercial & Industrial, US addressed loans - $100-250k 435 $47,901 $110,117
    Commercial & Industrial, US addressed loans - $250k-1MM 363 $138,101 $380,444
    Farmland loans - <$1MM 997 $131,585 $131,981
    Farmland loans - <$100k 402 $19,964 $49,662
    Farmland loans - $100-250k 355 $43,495 $122,521
    Farmland loans - $250k-1MM 240 $68,126 $283,858
    Agriculture operations loans - <$1MM 462 $41,188 $89,152
    Agriculture operations loans - <$100k 318 $10,061 $31,638
    Agriculture operations loans - $100-250k 83 $13,085 $157,651
    Agriculture operations loans - $250k-1MM 61 $18,042 $295,770