Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 138

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 138
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 classification at December 31, 2024 according to contractual maturities of (1) one year or less, (2) after one year but within five years and (3) after five years.  The second table presents the same classifications including only fixed interest rate loans and the third table presents the same classifications including only the variable interest rate loans where the rates fluctuate over the life of the loans in accordance with changes in an interest rate index. 

(Dollars in Thousands)MaturingWithin 1 YearMaturing1-5 YearsMaturing Over5 YearsTotalCommercial and industrial loans$816,290 $2,936,588 $361,414 $4,114,292 Agricultural land, production and other loans to farmers90,830 37,075 128,407 256,312 Real estate loans:Construction392,133 256,451 143,560 792,144 Commercial real estate, non-owner occupied358,100 1,174,758 741,158 2,274,016 Commercial real estate, owner occupied165,469 553,158 439,317 1,157,944 Residential25,462 165,404 2,183,863 2,374,729 Home Equity 32,411 21,815 605,585 659,811 Individuals' loans for household and other personal expenditures18,578 102,290 45,160 166,028 Public finance and other commercial loans3,381 86,041 969,661 1,059,083 Total$1,902,654 $5,333,580 $5,618,125 $12,854,359 

(Dollars in Thousands)MaturingWithin 1 YearMaturing1-5 YearsMaturing Over5 YearsTotalCommercial and industrial loans$38,076 $456,773 $138,336 $633,185 Agricultural land, production and other loans to farmers1,691 27,209 7,127 36,027 Real estate loans:Construction10,475 10,579 129,838 150,892 Commercial real estate, non-owner occupied106,840 421,794 117,701 646,335 Commercial real estate, owner occupied118,985 298,188 106,629 523,802 Residential15,268