Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 35

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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14, extended loans by a weighted average of 12 months, and reduced the weighted average contractual interest rate from 5.75% to 5.00%.Home equityProvided payment deferrals with weighted average delayed amounts of $8 and extended loans by a weighted average of 60 months.Six Months Ended June 30, 2025Financial Effect of Loan ModificationsPayment DelayTerm ExtensionInterest Rate ReductionCombination Interest Rate Reduction & Term ExtensionCombination Interest Rate Reduction, Term Extension & Payment DelayCommercial and industrial loansExtended loans by a weighted average of 4 months.Real estate loans:Commercial real estate, non-owner occupiedExtended loans by a weighted average of 6 months.Reduced the weighted average contractual interest rate from 7.58% to 6.93%.Reduced the weighted average contractual interest rate from 14.00% to 7.00% and extended loans by a weighted average of 16 months. ResidentialProvided payment deferrals with weighted average delayed amounts of $25.Reduced the weighted average contractual interest rate from 4.50% to 2.50%, extended loans by a weighted average of 68 months, and provided payment deferrals with weighted average delayed amounts of $8,

22

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

Six Months Ended June 30, 2024Financial Effect of Loan ModificationsPayment DelayTerm ExtensionInterest Rate ReductionCombination Payment Delay & Term ExtensionCombination Interest Rate Reduction, Term Extension & Payment DelayCommercial and industrial loansProvided payment deferrals with weighted average delayed amounts of $50.Extended loans by a weighted average of 14 months.Reduced the weighted average contractual interest rate from 9.00% to 8.00%.Provided payment deferrals with weighted average delayed amounts of $5 and extended loans by a weighted average of 3 months.Real estate loans:Commercial real estate, non-owner occupiedExtended loans by a weighted average of 16 months.Commercial real estate, owner occupied Extended loans by a weighted average of 28 months.ResidentialProvided payment deferrals with weighted average delayed amounts of $28.Extended loans by a weighted average of 6 months.Provided payment deferrals with weighted average delayed amounts of $8 and extended loans by a weighted average of 120 months.Provided payment deferrals with weighted average delayed amounts of $14, extended loans by a weighted average of 12