Company: FRME
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000712534-25-000117
Chunk: 150

Company: FIRST MERCHANTS CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 150
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4.March 31, 2025Quoted Prices in Active Marketsfor IdenticalAssetsSignificantOtherObservableInputsSignificant UnobservableInputsCarrying Amount(Level 1)(Level 2)(Level 3)Total Fair ValueAssets:Cash and due from banks$86,113 $86,113 $— $— $86,113 Interest-bearing deposits331,534 331,534 — — 331,534 Investment securities held to maturity, net2,048,632 — 1,698,685 6,321 1,705,006 Loans held for sale23,004 — 23,004 — 23,004 Net loans12,812,874 — — 12,641,050 12,641,050 Federal Home Loan Bank stock45,006 — 45,006 — 45,006 Interest receivable88,352 — 88,352 — 88,352 Liabilities:Deposits$14,461,978 $12,578,429 $1,877,517 $— 14,455,946 Borrowings:Securities sold under repurchase agreements122,947 — 122,938 — 122,938 Federal Home Loan Bank advances972,478 — 973,038 — 973,038 Subordinated debentures and other borrowings62,619 — 58,041 — 58,041 Interest payable13,304 — 13,304 — 13,304 

29

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

December 31, 2024Quoted Prices in Active Marketsfor IdenticalAssetsSignificantOtherObservableInputsSignificant UnobservableInputsCarrying Amount(Level 1)(Level 2)(Level 3)Total Fair ValueAssets:    Cash and due from banks$87,616 $87,616 $— $— $87,616 Interest-bearing deposits298,891 298,891 — — 298,891 Investment securities held to maturity, net2,074,220 — 1,716,647 6,873 1,723,520 Loans held for sale18