Company: FRME
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000712534-25-000117
Chunk: 130

Company: FIRST MERCHANTS CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 130
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,377 298,802 132 — 1,059,083 Total Public finance and other commercial loans161,072 53,750 203,884 195,066 146,377 298,802 132 — 1,059,083 Loans$2,869,611 $1,733,843 $1,937,367 $1,569,313 $1,142,386 $1,139,559 $2,447,911 $14,369 $12,854,359 Total current period gross charge-offs$1,450 $40,529 $1,681 $8,947 $576 $1,060 $— $— $54,243 

17

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

Total past due loans equaled $140.0 million as of March 31, 2025 representing a $23.8 million increase from $116.2 million at December 31, 2024.  At March 31, 2025, 30-59 days past due increased $1.8 million from December 31, 2024.  At March 31, 2025, 60-89 days past due increased $20.6 million from December 31, 2024 as commercial and industrial, and commercial real estate, owner occupied loan classes increased $25.1 million and $4.5 million, respectively, which was partially offset by a decrease in the construction loan class of $6.8 million.  At March 31, 2025, 90 days or more past due increased $1.4 million from December 31, 2024.  The tables below show a past due aging of the Corporation’s loan portfolio, by loan class, as of the dates indicated:March 31, 2025Current30-59 DaysPast Due60-89 DaysPast Due90 Days or More Past DueTotalLoans > 90 Days or More Past DueAnd AccruingCommercial and industrial loans$4,260,713 $13,082 $25,602 $7,200 $4,306,597 $3,905 Agricultural land