Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 82

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 82
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 carried at fair value and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2024 and 2023. 2024 CarryingAmountQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs(Level 2)Significant Unobservable Inputs(Level 3)Total Fair ValueAssets at December 31:   Cash and due from banks$87,616 $87,616 $— $— $87,616 Interest-bearing deposits298,891 298,891 — — 298,891 Investment securities held to maturity2,074,220 — 1,716,647 6,873 1,723,520 Loans held for sale18,663 — 18,663 — 18,663 Loans12,661,602 — — 12,437,523 12,437,523 Federal Home Loan Bank stock41,690 — 41,690 — 41,690 Interest receivable91,829 — 91,829 — 91,829 Liabilities at December 31:Deposits14,521,626 $12,502,819 $2,010,348 $— 14,513,167 Borrowings:Securities sold under repurchase agreements142,876 — 142,865 — 142,865 Federal Home Loan Bank advances822,554 — 816,786 — 816,786 Subordinated debentures and other borrowings93,529 — 84,108 — 84,108 Interest payable16,102 — 16,102 — 16,102 

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

 2023 CarryingAmountQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs(Level 2)Significant Unobservable Inputs(Level 3)Total Fair ValueAssets at December 31:   Cash and due from banks$112,649 $112,649 $— $— $112,649 Interest-bearing deposits436,080 436,080 — — 436,080 Investment