Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 135

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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5U.S. Government-sponsored agency securities (1)State and municipalU.S. Government-sponsored mortgage-backed securities (1)TotalCredit Rating:Aaa$330,430 $75,667 $592,923 $999,020 Aa1— 200,380 — 200,380 Aa2— 177,970 — 177,970 Aa3— 180,534 — 180,534 A1— 59,635 — 59,635 A2— 20,329 — 20,329 Non-rated— 357,865 — 357,865 Total$330,430 $1,072,380 $592,923 $1,995,733 December 31, 2024U.S. Government-sponsored agency securities (1)State and municipalU.S. Government-sponsored mortgage-backed securities (1)Foreign investmentTotalCredit Rating:Aaa$345,531 $120,801 $641,513 $— $1,107,845 Aa1— 148,923 — — 148,923 Aa2— 184,341 — — 184,341 Aa3— 185,166 — — 185,166 A1— 65,665 — — 65,665 A2— 20,317 — — 20,317 Non-rated— 360,708 — 1,500 362,208 Total$345,531 $1,085,921 $641,513 $1,500 $2,074,465 (1) U.S. Government-sponsored agency securities and U.S. Government-sponsored mortgage-backed securities are included within the Aaa credit rating category due to their explicit or implicit government guarantees, which provide a high level of assurance regarding the timely collection of principal and interest payments.

13

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

The following tables summarize, as of September 30, 2025 and December 31, 2024, investment securities available for sale in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by security type and length of time in a continuous unrealized loss position