Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 218

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 218
---
 expenditures3,426 60,037 16,711 80,174 Public finance and other commercial loans8,346 75,846 957,213 1,041,405 Total loans with fixed interest rates$361,358 $1,388,198 $2,310,482 $4,060,038 

September 30, 2025(Dollars in Thousands)MaturingWithin 1 YearMaturing1-5 YearsMaturing Over5 YearsTotalCommercial and industrial loans$788,925 $2,864,047 $335,589 $3,988,561 Agricultural land, production and other loans to farmers75,228 23,598 134,493 233,319 Real estate loans:Construction332,100 302,932 21,582 656,614 Commercial real estate, non-owner occupied325,965 887,924 464,649 1,678,538 Commercial real estate, owner occupied56,945 347,787 345,101 749,833 Residential7,463 49,052 1,351,670 1,408,185 Home Equity13,391 7,950 631,693 653,034 Individuals' loans for household and other personal expenditures22,684 22,141 13,704 58,529 Public finance and other commercial loans33,647 44,889 25,987 104,523 Total loans with variable interest rates$1,656,348 $4,550,320 $3,324,468 $9,531,136 

54

PART I: FINANCIAL INFORMATIONITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Loan Quality

The quality of the loan portfolio and the amount of nonperforming loans may increase or decrease as a result of acquisitions, organic portfolio growth, problem loan recognition and resolution through collections, sales or charge-offs.  The performance of any loan can be affected by external factors such as economic conditions, or internal factors specific to a particular borrower, such as the actions of a customer's internal management.

At September 30, 2025, nonaccrual loans totaled $65.7 million, a decrease of $8.0 million from December 31, 2024, primarily due to decreases of $11.7 million