Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 157

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 157
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824 5,600 Recoveries on loans1,514 98 — 324 1,936 Loans charged off(2,106)(74)(63)(2,008)(4,251)Balances, June 30, 2025$98,984 $46,277 $8,743 $41,312 $195,316 Three Months Ended June 30, 2024CommercialCommercial Real EstateConstructionConsumer & ResidentialTotalAllowance for credit losses - loansBalances, March 31, 2024$99,213 $45,278 $20,369 $39,821 $204,681 Provision for credit losses - loans31,648 75 (6,009)(1,214)24,500 Recoveries on loans536 161 — 560 1,257 Loans charged off(40,180)— — (721)(40,901)Balances, June 30, 2024$91,217 $45,514 $14,360 $38,446 $189,537 Six Months Ended June 30, 2025CommercialCommercial Real EstateConstructionConsumer & ResidentialTotalAllowance for credit losses - loansBalances, December 31, 2024$94,757 $51,099 $9,784 $37,117 $192,757 Provision for credit losses - loans8,748 (4,450)(978)6,480 9,800 Recoveries on loans2,452 103 — 637 3,192 Loans charged off(6,973)(475)(63)(2,922)(10,433)Balances, June 30, 2025$98,984 $46,277 $8,743 $41,312 $195,316 

25

PART I. FINANCIAL INFORMATION ITEM 1. NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS(table dollar amounts in thousands, except share data)(Unaudited)

Six Months Ended June 30, 2024CommercialCommercial Real EstateConstructionConsumer & ResidentialTotalAllowance for credit losses - loansBalances, December 31, 2023$97,348 $44,048 $24,823 $38,715 $204,934 Provision for credit losses - loans34