Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 137

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 137
---
1,162,083 9.3 1,246,528 10.4 986,720 10.7 958,501 10.4 Residential2,374,729 18.5 2,288,921 18.4 2,096,655 17.5 1,159,127 12.5 1,234,741 13.4 Home equity659,811 5.1 617,571 4.9 630,632 5.3 523,754 5.7 508,259 5.5 Individuals' loans for household and other personal expenditures166,028 1.3 168,388 1.3 175,211 1.4 146,092 1.5 129,479 1.5 Public finance and other commercial loans1,059,083 8.2 956,318 7.7 932,892 7.8 806,636 8.7 647,939 7.0 Loans12,854,359 100.0 %12,486,027 100.0 %12,003,894 100.0 %9,241,861 100.0 %9,243,174 100.0 %Allowance for loan/credit losses(192,757) (204,934)(223,277)(195,397)(130,648)Net Loans$12,661,602  $12,281,093 $11,780,617 $9,046,464 $9,112,526 

(1) Includes PPP loans of $2.7 million in 2023, $4.7 million in 2022, $106.6 million in 2021, and $667.1 million in 2020. 

At December 31, 2024, 2023, 2022, 2021, and 2020, the remaining fair value discount on acquired loans was $17.4 million, $23.2 million, $31.3 million, $10.9 million, and $23.0 million, respectively.  

18

PART I: ITEM 1. BUSINESS

LOAN MATURITIES

The following tables present the maturity distribution of our loan portfolio, excluding loans held for sale, by collateral