Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 149

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 149
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2024Current30-59 DaysPast Due60-89 DaysPast Due90 Days or More Past DueTotalLoans > 90 Days or More Past DueAnd AccruingCommercial and industrial loans$4,096,605 $7,428 $473 $9,786 $4,114,292 $2,010 Agricultural land, production and other loans to farmers256,148 164 — — 256,312 — Real estate loans:Construction761,819 4,332 22,005 3,988 792,144 3,683 Commercial real estate, non-owner occupied2,259,549 2,407 1,718 10,342 2,274,016 — Commercial real estate, owner occupied1,153,861 3,783 — 300 1,157,944 — Residential2,337,002 12,302 6,606 18,819 2,374,729 208 Home equity649,238 4,431 1,569 4,573 659,811 — Individuals' loans for household and other personal expenditures164,891 926 210 1 166,028 1 Public finance and other commercial loans1,059,083 — — — 1,059,083 — Loans$12,738,196 $35,773 $32,581 $47,809 $12,854,359 $5,902 Loans are reclassified to a nonaccruing status when, in management’s judgment, the collateral value and financial condition of the borrower do not justify accruing interest.  At the time the accrual is discontinued, all unpaid accrued interest is reversed against earnings.  Interest income accrued in prior years, if any, is charged to the allowance for credit losses.  Payments subsequently received on nonaccrual loans are applied to principal.  A loan is returned to accrual status when principal and interest are no longer past due and collectability is probable, typically after a minimum of six consecutive months of performance. The following table summarizes the Corporation’s nonaccrual loans by loan class as of the dates indicated.September 30, 2025December 31, 2024Nonaccrual LoansNonaccrual Loans with no Allowance for Credit LossesNonaccrual Loans