EXHIBIT 99
GERMAN AMERICAN BANCORP
Reconciliation of Earnings
Three Months Ended Nine Months Ended
Ended September 30, Ended September 30,
1998 1997 (1) 1998 1997 (1)
Pre-tax Adjustments to Income
Merger Related Expenses $189 $46 $312 $236
Pension and Employment
Continuation Charges 282 --- 194 ---
Provision for Loan Losses --- 350 --- (410)
Trust Accrual --- --- --- 200
Total Adjustments to Income $471 $396 $506 $26
Reported Net Income $1,588 $1,552 $5,132 $5,084
After tax impact of Adjustments 329 256 349 98
Adjusted Net Income $1,917 $1,808 $5,481 $5,182
Reported Earnings Per Share $0.25 $0.24 $0.81 $0.80
After tax impact of Adjustments 0.05 0.04 0.05 0.02
Adjusted Earnings Per Share $0.30 $0.28 $0.86 $0.82
(1) Results for periods prior to June 1, 1998 have been retroactively adjusted
to give effect for all stock splits and dividends, except for the pending 5
percent stock dividend payable on December 15, 1998 to shareholders of record
November 30, 1998. Results have also been retroactively adjusted for the merger
with the parent company of Citizens State Bank of Petersburg, Indiana. Prior
year results exclude the effect of the June 1, 1998 merger with the parent
company of FSB Bank of Francisco, Indiana, as restatement would not have
resulted in a material change in overall financial results.