Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 171

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 171
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 Investment securities held to maturity, net of allowance for credit losses1,995,488 — 1,702,443 4,621 1,707,064 Loans held for sale23,190 — 23,190 — 23,190 Net loans13,396,706 — — 13,306,141 13,306,141 Federal Home Loan Bank stock47,264 — 47,264 — 47,264 Interest receivable89,102 — 89,102 — 89,102 Liabilities:Deposits$14,869,979 $12,810,405 $2,058,720 $— 14,869,125 Borrowings:Federal funds purchased199,370 — 199,370 — 199,370 Securities sold under repurchase agreements122,226 — 122,218 — 122,218 Federal Home Loan Bank advances798,626 — 803,788 — 803,788 Subordinated debentures and other borrowings57,632 — 53,537 — 53,537 Interest payable18,240 — 18,240 — 18,240 

32

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

December 31, 2024Quoted Prices in Active Marketsfor IdenticalAssetsSignificantOtherObservableInputsSignificant UnobservableInputsCarrying Amount(Level 1)(Level 2)(Level 3)Total Fair ValueAssets:Cash and due from banks$87,616 $87,616 $— $— $87,616 Interest-bearing deposits298,891 298,891 — — 298,891 Investment securities held to maturity, net2,074,220 — 1,716,647 6,873 1,723,520 Loans held for sale18,663 — 18,663 — 18,663 Net loans12,661,602 — — 12,437,523 12,437,523 Federal Home Loan Bank stock41,690 — 41,690 — 41,690 Interest receivable91,829 — 91,