GABC
German American BancorpยทNASDAQ
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GABC Profile
German American Bancorp, Inc.
The holding company for German American bancorp that primarily operates in Indiana and Kentucky
711 Main Street, Box 810, Jasper, Indiana 47546
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German American Bancorp, Inc .'s business mainly consists of three business segments: core financial trust, investment advisory services, and insurance business. The accounting and reporting policies of German American securities companies and their subsidiaries are prepared in accordance with US GAAP. The more significant strategies are described below. After eliminating all material inter-company accounts and transactions, the consolidated financial statements include the accounts of the company and its subsidiaries. Certain prior year amounts have been reclassified to conform to the current classification. The preparation of financial statements is prepared in accordance with US GAAP and requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results may differ from these estimates. It is estimated that it is easy to change in the short term, including provision for loan losses, other-than-temporary impairment of securities, valuation allowances for Deferred Tax Assets, and contingent losses.
