German American Bancorp, Inc. Reports Record 2012 Earnings & Announces Increase In Quarterly Cash Dividend

The provision for loan loss totaled $691,000 during the quarter ended December 31, 2012 representing an increase of $51,000 or 8% from the third quarter of 2012 and a decline of $2,290,000 or 76% from the fourth quarter of 2011. During the fourth quarter of 2012, the provision for loan loss represented approximately 23 basis points of average loans on an annualized basis while net charge-offs represented approximately 37 basis points of average loans on an annualized basis.

During the quarter ended December 31, 2012, non-interest income totaled $6,019,000, a decrease of $139,000 or 2%, compared with the quarter ended September 30, 2012, and a decrease of $621,000, or 9%, compared with the fourth quarter of 2011. 

Non-interest Income	Quarter Ended 12/31/12	Quarter Ended 09/30/12	Quarter Ended 12/31/11
(dollars in thousands)
Trust and Investment Product Fees	$ 638	$ 659	$ 584
Service Charges on Deposit Accounts	1,075	1,049	1,019
Insurance Revenues	1,306	1,469	1,219
Company Owned Life Insurance	251	213	264
Interchange Fee Income	415	418	375
Other Operating Income	455	811	470
Subtotal	4,140	4,619	3,931
Net Gains on Loans	904	941	730
Net Gains on Securities	975	598	1,979
Total Non-interest Income	$ 6,019	$ 6,158	$ 6,640

Insurance revenues decreased $163,000, or 11%, during the quarter ended December 31, 2012, compared with the third quarter of 2012 and increased $87,000, or 7%, compared with the fourth quarter of 2011. The change in both comparative periods was largely attributable to commercial related insurance revenues.

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