German American Bancorp in Jasper, Ind., said Wednesday that net income climbed 10% in 2010.

The $1.4 billion-asset company earned $13.4 million, or $1.21 a share, compared with net income of $12.2 million, or $1.10 a share. The results were driven by an increase in net interest income and noninterest income, including an 8% rise in the balance of average earning assets, and gains from the sale of secondary-market residential real estate loans and other real estate.

In the fourth quarter, net income declined 5%, to $3.1 million.

The loan-loss provision totaled $5.2 million in 2010, a 39% decline. But nonperforming assets increased 18.7%, to $13.3 million, or 1% of total assets, at Dec. 31.

On Jan. 1, German American finalized its acquisition of Bank of Evansville in Indiana.

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