Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 88

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 88
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991,973 6.50 %Tier 1 capital to average assetsFirst Merchants Corporation$1,767,468 9.96 %$710,089 4.00 %N/AN/AFirst Merchants Bank1,776,738 9.92 716,172 4.00 $895,215 5.00 %Prompt Corrective Action Thresholds ActualBasel III Minimum Capital RequiredWell CapitalizedDecember 31, 2023AmountRatioAmountRatioAmountRatioTotal risk-based capital to risk-weighted assetsFirst Merchants Corporation$2,021,124 13.67 %$1,552,685 10.50 %N/AN/AFirst Merchants Bank1,931,810 13.06 1,553,600 10.50 $1,479,619 10.00 %Tier 1 capital to risk-weighted assetsFirst Merchants Corporation$1,703,626 11.52 %$1,256,935 8.50 %N/AN/AFirst Merchants Bank1,746,299 11.80 1,257,676 8.50 $1,183,695 8.00 %Common equity tier 1 capital to risk-weighted assetsFirst Merchants Corporation$1,678,626 11.35 %$1,035,123 7.00 %N/AN/AFirst Merchants Bank1,746,299 11.80 1,035,733 7.00 $961,752 6.50 %Tier 1 capital to average assetsFirst Merchants Corporation$1,703,626 9.64 %$707,091 4.00 %N/AN/AFirst Merchants Bank1,746,299 9.89 706,331 4.00 $882,913 5.00 %

96

PART II: ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATANOTES TO CONSOLIDATED FINANCIAL STATEMENTS(table dollar amounts in thousands, except share data)

A reconciliation of certain non-GAAP amounts used in the determination of the above regulatory measures is detailed within the “Capital” section of Management’s Discussion and Analysis of Financial Condition and Results of Operations included as Item 7 of this Annual Report on Form 10-K.Management believes the disclosed capital ratios are meaningful measurements for evaluating the