Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 148

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 148
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Total Allowance on Collateral Dependent LoansCommercial and industrial loans$— $— $34,778 $34,778 $7,148 Real estate loans:Construction— 13,447 — 13,447 — Commercial real estate, non-owner occupied25,521 — — 25,521 4,156 Commercial real estate, owner occupied11,310 — — 11,310 396 Residential— 1,062 — 1,062 175 Home equity— 190 — 190 23 Loans$36,831 $14,699 $34,778 $86,308 $11,898 December 31, 2024Commercial Real EstateResidential Real EstateOtherTotal Allowance on Collateral Dependent LoansCommercial and industrial loans$— $— $23,455 $23,455 $7,803 Real estate loans:Construction— 22,652 — 22,652 — Commercial real estate, non-owner occupied27,583 — — 27,583 4,295 Commercial real estate, owner occupied9,748 — — 9,748 — Residential— 1,174 — 1,174 189 Home equity— 201 — 201 25 Loans$37,331 $24,027 $23,455 $84,813 $12,312 In certain situations, the Corporation may modify the terms of a loan to a debtor experiencing financial difficulty.  The modifications may include principal forgiveness, interest rate reductions, payment delays, term extensions or combinations of these modifications.  The following tables present the amortized cost basis of loans at June 30, 2025 and 2024 that were both experiencing financial difficulty and modified during the three and six months ended June 30, 2025 and 2024, by class and by type of modification. For the three and six months ended June 30, 2025, the table below excludes loan modifications considered insignificant. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below. Three Months Ended June 30, 2025Loan Modifications Made to Borrowers Experiencing Financial Difficulty Payment DelayTerm ExtensionInterest Rate ReductionComb