German American Bancorp, Inc. Reports unaudited consolidated Net Charge-Offs for the Fourth Quarter Ended December 31, 2018
January 29, 2019 at 07:58 am IST
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German American Bancorp, Inc. reported unaudited consolidated net charge-offs for the fourth quarter ended December 31, 2018. For the period, the company reported net charge-offs were $228,000 against $277,000 a year ago.
German American Bancorp, Inc. is a financial holding company. The Company, through its banking subsidiary German American Bank, operates around 74 banking offices in 20 contiguous southern Indiana counties and 14 counties in Kentucky. Its segments include core banking and wealth management services. The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in the Companyâs local markets. The core banking segment also involves the sale of residential mortgage loans in the secondary market. The wealth management services segment involves providing trust, investment advisory, brokerage and retirement planning services to customers. It operates its insurance business throughout southern Indiana and Kentucky under the name German American Insurance - A Hilb Group Company.
GERMAN AMERICAN BANCORP, INC. 
