Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 51

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 1)(Level 2)(Level 3)Total Fair ValueAssets:Cash and due from banks$81,567 $81,567 $— $— $81,567 Interest-bearing deposits223,343 223,343 — — 223,343 Investment securities held to maturity, net of allowance for credit losses2,022,826 — 1,682,022 5,218 1,687,240 Loans held for sale28,783 — 28,783 — 28,783 Net loans13,101,443 — — 12,938,362 12,938,362 Federal Home Loan Bank stock47,290 — 47,290 — 47,290 Interest receivable93,258 — 93,258 — 93,258 Liabilities:Deposits$14,797,578 $12,783,354 $2,009,119 $— 14,792,473 Borrowings:Securities sold under repurchase agreements114,758 — 114,750 — 114,750 Federal Home Loan Bank advances898,702 — 902,797 — 902,797 Subordinated debentures and other borrowings62,617 — 58,539 — 58,539 Interest payable16,174 — 16,174 — 16,174 

31

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

December 31, 2024Quoted Prices in Active Marketsfor IdenticalAssetsSignificantOtherObservableInputsSignificant UnobservableInputsCarrying Amount(Level 1)(Level 2)(Level 3)Total Fair ValueAssets:Cash and due from banks$87,616 $87,616 $— $— $87,616 Interest-bearing deposits298,891 298,891 — — 298,891 Investment securities held to maturity, net2,074,220 — 1,716,647 6,873 1,723,520 Loans held for sale18,663 — 18,663 — 18,663 Net loans12,661,602 — — 12,437