Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 35

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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, & Payment Delay% of Total Class of Financing ReceivableCommercial and industrial loans$— $11,201 $— $— $— 0.24 %Real estate loans:Commercial real estate, non-owner occupied— 15,515 37,954 12,248 — 2.85 %Residential977 — — — 1,285 0.09 %Total$977 $26,716 $37,954 $12,248 $1,285 Nine Months Ended September 30, 2024Loan Modifications Made to Borrowers Experiencing Financial DifficultyPayment DelayTerm ExtensionInterest Rate ReductionCombination Payment Delay & Term ExtensionCombination Interest Rate Reduction & Term ExtensionCombination Interest Rate Reduction, Term Extension, & Payment Delay% of Total Class of Financing ReceivableCommercial and industrial loans$11,080 $12,880 $247 $17 $31 $— 0.60 %Real estate loans:Construction— 915 — 22,000 — — 2.81 %Commercial real estate, non-owner occupied— 18,933 — — 10,828 — 1.32 %Commercial real estate, owner occupied— 6,208 — — — — 0.54 %Residential1,931 341 — 283 — 529 0.13 %Home equity— 62 — 162 — — 0.03 %Total$13,011 $39,339 $247 $22,462 $10,859 $529 

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

The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three and nine months ended September 30, 2025 and 2024. Three Months Ended September 30, 2025Financial Effect of Loan ModificationsPayment DelayTerm ExtensionCombination Interest Rate Reduction & Term ExtensionCommercial 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 12 months.Reduced the weighted average contractual interest rate from 12.44% to 7.42%