Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 129

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 129
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COME

The following table presents net interest income components on a tax-equivalent basis and reflects changes between periods attributable to movement in either the average balance or average interest rate for both earning assets and interest-bearing liabilities.  The volume differences were computed as the difference in volume between the current and prior year multiplied by the interest rate from the prior year.  The interest rate changes were computed as the difference in rate between the current and prior year multiplied by the volume from the prior year.  Volume and rate variances have been allocated on the basis of the absolute relationship between volume variances and rate variances.

 2024 Compared to 2023Increase (Decrease) Due To2023 Compared to 2022Increase (Decrease) Due To2022 Compared to 2021Increase (Decrease) Due To(Dollars in Thousands, Fully Taxable Equivalent Basis)VolumeRateTotalVolumeRateTotalVolumeRateTotalInterest Income:   Interest-bearing deposits$(547)$(180)$(727)$1,597 $13,619 $15,216 $(383)$2,252 $1,869 Federal Home Loan Bank stock31 444 475 217 1,659 1,876 166 413 579 Investment securities(6,812)1,830 (4,982)(12,644)(2,229)(14,873)22,353 1,303 23,656 Loans held for sale476 24 500 388 212 600 (193)138 (55)Loans21,413 36,824 58,237 67,684 217,730 285,414 76,919 59,411 136,330 Totals14,561 38,942 53,503 57,242 230,991 288,233 98,862 63,517 162,379 Interest Expense:   Interest-bearing deposit accounts1,818 18,154 19,972 1,496 104,005 105,501 1,440 16,559 17,999 Money market deposit accounts5,386 16,863 22,249 (207)64,814 64,607 941 15,026 15,967 Savings deposits(2,132)2,113 (19)(676)10,263 9,587 202 2,931 3