Company: FRME
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000712534-25-000117
Chunk: 124

Company: FIRST MERCHANTS CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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 past due are Substandard.  The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date. March 31, 2025Term Loans (amortized cost basis by origination year)20252024202320222021PriorRevolving loans amortized cost basisRevolving loans converted to termTotalCommercial and industrial loansPass$431,109 $1,184,550 $441,048 $165,738 $142,290 $91,465 $1,614,342 $— $4,070,542 Special Mention138 6,225 6,271 21,724 823 2,286 44,753 — 82,220 Substandard18,505 14,539 18,614 26,623 3,570 1,281 66,790 — 149,922 Doubtful— 1,974 12 — 1,350 577 — — 3,913 Total Commercial and industrial loans449,752 1,207,288 465,945 214,085 148,033 95,609 1,725,885 — 4,306,597 Current period gross charge-offs— 630 1,040 16 3,094 87 — — 4,867 Agricultural land, production and other loans to farmersPass18,823 24,089 22,240 29,683 25,580 53,261 60,772 — 234,448 Special Mention— 159 29 476 — 863 1,227 — 2,754 Substandard380 2,515 44 780 668 1,322 953 — 6,662 Total Agricultural land, production and other loans to farmers19,203 26,763 22,313 30,939 26,248 55,446 62,952 — 243,864 Real estate loans:ConstructionPass25,407 243,728 200,293 60,604 13,178 10,994 10,327 — 564,531 Special Mention12,176 97,317 23,145 44,557 — 35 — —