Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 94

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 94
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 and unrealized net securities gains or losses.

51

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

A reconciliation of regulatory measures are detailed in the following table as of the dates indicated.

June 30, 2025December 31, 2024(Dollars in Thousands)First Merchants CorporationFirst Merchants BankFirst Merchants CorporationFirst Merchants BankTotal Risk-Based CapitalTotal Stockholders' Equity (GAAP)$2,347,952 $2,333,116 $2,304,983 $2,315,701 Adjust for Accumulated Other Comprehensive Loss (1)189,975 188,098 188,685 186,808 Less:  Preferred Stock(25,125)(125)(25,125)(125)Add:  Qualifying Capital Securities25,000 — 25,000 — Less:  Disallowed Goodwill and Intangible Assets(723,067)(722,619)(725,504)(725,056)Less:  Disallowed Deferred Tax Assets(473)(436)(571)(590)Total Tier 1 Capital (Regulatory)1,814,262 1,798,034 1,767,468 1,776,738 Qualifying Subordinated Debentures47,439 — 72,040 — Allowance for Credit Losses Includible in Tier 2 Capital197,336 197,494 190,854 191,000 Total Risk-Based Capital (Regulatory)$2,059,037 $1,995,528 $2,030,362 $1,967,738 Net Risk-Weighted Assets (Regulatory)$15,771,275 $15,784,092 $15,249,287 $15,261,118 Average Assets (Regulatory)$17,785,245 $17,966,979 $17,752,227 $17,904,307 Total Risk-Based Capital Ratio (Regulatory)13.06 %12.64 %13.31 %12.89 %Tier 1 Capital to Risk-Weighted Assets11.50 %11.39 %11.59 %11.64 %Tier 1 Capital to Average Assets10.20 %10.01 %9.96 %9.