Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 36

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 and extended loans by a weighted average of 5 months.ResidentialProvided payment deferrals with weighted average delayed amounts of $28.   Three Months Ended September 30, 2024Financial Effect of Loan ModificationsPayment DelayTerm ExtensionCombination Payment Delay & Term ExtensionCombination Interest Rate Reduction & Term ExtensionCombination Interest Rate Reduction, Term Extension & Payment DelayCommercial and industrial loansProvided payment deferrals with weighted average delayed amounts of $200.Extended loans by a weighted average of 6 months.Reduced the weighted average contractual interest rate from 9.50% to 8.05% and extended loans by a weighted average of 48 months.Real estate loans:ConstructionExtended loans by a weighted average of 6 months.Provided payment deferrals with weighted average delayed amounts of $475 and extended loans by a weighted average of 4 months.Commercial real estate, non-owner occupiedExtended loans by a weighted average of 8 months.Reduced the weighted average contractual interest rate from 12.38% to 7.88% and extended loans by a weighted average of 8 months.Commercial real estate, owner occupiedExtended loans by a weighted average of 8 months.ResidentialProvided payment deferrals with weighted average delayed amounts of $8.Extended loans by a weighted average of 92 months.Provided payment deferrals with weighted average delayed amounts of $14, extended loans by a weighted average of 149 months, and reduced the weighted average contractual interest rate from 5.73% to 3.31%.Home equityExtended loans by a weighted average of 6 months.

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

Nine Months Ended September 30, 2025Financial Effect of Loan ModificationsPayment DelayTerm ExtensionInterest Rate ReductionCombination Interest Rate Reduction & Term ExtensionCombination Interest Rate Reduction, Term Extension & Payment DelayCommercial and industrial loansExtended loans by a weighted average of 4 months.Real estate loans:Commercial real estate, non-owner occupiedExtended loans by a weighted average of 7 months.Reduced the weighted average contractual interest rate from 7.58% to 6.93%.Reduced the weighted average contractual interest rate from 13.18% to 7.22% and extended loans by a weighted average of 10 months. ResidentialProvided payment deferrals with weighted average delayed amounts of $26.Reduced the weighted average contractual interest