Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 14

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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ross Unrealized GainsGross Unrealized LossesFairValueAvailable for sale at December 31, 2024U.S. Government-sponsored agency securities$95,462 $— $16,081 $79,381 State and municipal996,541 19 133,386 863,174 U.S. Government-sponsored mortgage-backed securities519,943 403 88,724 431,622 Corporate obligations12,960 — 662 12,298 Total available for sale$1,624,906 $422 $238,853 $1,386,475 The following tables summarize the amortized cost, gross unrealized gains and losses, approximate fair value and allowance for credit losses on investment securities held to maturity as of September 30, 2025 and December 31, 2024.AmortizedCostAllowance for Credit LossesNet Carrying AmountGross Unrealized GainsGross Unrealized LossesFairValueHeld to maturity at September 30, 2025U.S. Government-sponsored agency securities$330,430 $— $330,430 $— $50,255 $280,175 State and municipal1,072,380 245 1,072,135 684 163,944 909,120 U.S. Government-sponsored mortgage-backed securities592,923 — 592,923 — 75,154 517,769 Total held to maturity$1,995,733 $245 $1,995,488 $684 $289,353 $1,707,064 AmortizedCostAllowance for Credit LossesNet Carrying AmountGross Unrealized GainsGross Unrealized LossesFairValueHeld to maturity at December 31, 2024U.S. Government-sponsored agency securities$345,531 $— $345,531 $— $63,112 $282,419 State and municipal1,085,921 245 1,085,676 299 185,784 900,436 U.S. Government-sponsored mortgage-backed securities641,513 — 641,513 — 102,343 539,170 Foreign investment1,500 — 1,500 — 5 1,495 Total held to maturity$2,074,465 $245 $2,074,220 $299 $