Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 146

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 146
---
 portion)2.0 %2.3 %1.3 %Federal Home Loan Bank advances (short-term portion)4.0 %2.8 %2.4 %Subordinated debentures and other borrowings (short-term portion)1.0 %1.0 %1.0 %Total short-term borrowings2.6 %2.4 %2.4 %Weighted Average Interest Rate During the Year: Federal funds purchased5.4 %5.2 %3.0 %Securities sold under repurchase agreements (short-term portion)2.2 %2.0 %0.6 %Federal Home Loan Bank advances (short-term portion)4.0 %3.4 %2.5 %Subordinated debentures and other borrowings (short-term portion)1.2 %0.8 %0.7 %Total short-term borrowings3.1 %2.9 %1.8 %Highest Amount Outstanding at Any Month End During the Year: Federal funds purchased$147,229 $188,329 $240,406 Securities sold under repurchase agreements (short-term portion)194,177 242,194 218,882 Federal Home Loan Bank advances (short-term portion)180,000 410,000 460,000 Subordinated debentures and other borrowings (short-term portion)$1,172 $1,182 $1,230 Total short-term borrowings$522,578 $841,705 $920,518 Average Amount Outstanding During the year: Federal funds purchased$8,920 $27,115 $44,041 Securities sold under repurchase agreements (short-term portion)136,010 171,291 185,082 Federal Home Loan Bank advances (short-term portion)100,190 208,251 265,822 Subordinated debentures and other borrowings (short-term portion)$1,166 $1,178 $1,212 Total short-term borrowings$246,286 $407,835 $496,157