Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 141

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 141
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1. NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS(table dollar amounts in thousands, except share data)(Unaudited)

The following tables summarize the risk grading of the Corporation’s loan portfolio and gross charge-offs by loan class and by year of origination for the periods indicated.  Consumer loans are not risk graded.  For the purposes of this disclosure, consumer loans are classified in the following manner: loans that are less than 30 days past due are Pass, loans 30-89 days past due are Special Mention and loans greater than 89 days past due are Substandard.  The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date. September 30, 2025Term Loans (amortized cost basis by origination year)20252024202320222021PriorRevolving loans amortized cost basisRevolving loans converted to termTotalCommercial and industrial loansPass$1,228,198 $869,398 $267,325 $145,103 $94,273 $77,656 $1,709,249 $— $4,391,202 Special Mention1,843 29,466 20,153 2,449 6,163 687 39,995 — 100,756 Substandard271 4,335 3,306 2,828 16,868 19,370 62,651 — 109,629 Doubtful401 582 — — 500 141 1,684 — 3,308 Total Commercial and industrial loans1,230,713 903,781 290,784 150,380 117,804 97,854 1,813,579 — 4,604,895 Current period gross charge-offs3,047 938 2,223 130 3,685 1,469 — — 11,492 Agricultural land, production and other loans to farmersPass58,346 19,030 21,557 25,456 24,039 46,138 63,114 — 257,680 Special Mention594 1,656 26 507 — 1,506 1,367 — 5,656 Substandard4,937 2,185 240 683