Company: FRME
Filing Date: 2025-06-20
Form Type: 11-K
Source: 0000712534-25-000132
Chunk: 10

Company: FIRST MERCHANTS CORP
Filing Date: 2025-06-20
Form: 11-K
Chunk 10
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 Level 1 securities include mutual funds, common stock, preferred stock, unit investment trusts, cash equivalents and money market funds. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Level 2 securities include US treasury bills and corporate debt instruments. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. There are no Level 3 securities held by the Plan.

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#### First Merchants Corporation

#### Retirement Income and Savings Plan

### Notes to Financial Statements

#### December 31, 2024 and 2023
The following tables presents the fair value measurements of assets recognized in the accompanying statement of net assets available for benefits measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2024 and 2023:

| December 31, 2024                       |     | Fair Value |             |     | Fair Value Measurements Using:                       
 Quoted Prices in Active Markets for Identical Assets 
 (Level 1)                                            |             |     | Significant Other 
 Observable Inputs 
 (Level 2)         |        |     | Significant  
 Unobservable 
 Inputs       
 (Level 3)    |   |
|:----------------------------------------|:----|:-----------|------------:|:----|:-----------------------------------------------------|------------:|:----|:------------------|-------:|:----|:-------------|:--|
| Common Stock                            |     | $          |   8,986,228 |     | $                                                    |   8,986,228 |     | $                 |      — |     | $            | — |
| Mutual Funds                            |     |            | 236,673,791 |     |                                                      | 236,673,791 |     |                   |      — |     |              | — |
| Self-Directed Brokerage                 |     |            |   1,878,460 |     |                                                      |   1,816,651 |     |                   | 61,809 |     |              | — |
| Investments in the Fair Value Hierarchy |     | $          | 247,538,479 |     | $                                                    | 247,476,670 |     | $                 | 61,809 |     | $            | — |

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