Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 126

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 126
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PART I: ITEM 1. BUSINESS

STATISTICAL DATA

The following tables set forth statistical data on the Corporation and its subsidiaries.

DISTRIBUTION OF ASSETS, LIABILITIES AND STOCKHOLDERS’ EQUITY; INTEREST RATES AND INTEREST DIFFERENTIAL

The daily average balance sheet amounts, the related interest income or interest expense, and average rates earned or paid are presented in the following table:

 Average BalanceInterest Income /ExpenseAverageRateAverage BalanceInterest Income /ExpenseAverageRateAverage BalanceInterest Income /ExpenseAverageRate(Dollars in Thousands)202420232022Assets:     Interest-bearing deposits$418,163 $16,992 4.06 %$431,581 $17,719 4.11 %$296,863 $2,503 0.84 %Federal Home Loan Bank stock41,736 3,527 8.45 41,319 3,052 7.39 35,580 1,176 3.31 Investment securities: (1)Taxable1,759,578 36,086 2.05 1,854,438 35,207 1.90 2,056,586 38,354 1.86 Tax-exempt (2)2,200,466 67,705 3.08 2,366,475 73,566 3.11 2,653,611 85,292 3.21 Total Investment Securities3,960,044 103,791 2.62 4,220,913 108,773 2.58 4,710,197 123,646 2.63 Loans held for sale29,650 1,792 6.04 21,766 1,292 5.94 14,715 692 4.70 Loans: (3)Commercial8,687,638 641,393 7.38 8,519,706 603,611 7.08 7,877,271 380,621 4.83 Real estate mortgage2,158,743 94,890 4.40 2,035,488 82,183 4.04 1,471,802 51,853 3.52 HELOC and installment830,079 65,577 7.90