Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 212

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 212
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 by the Corporation until January 1, 2021, it began phasing in the cumulative effect of the adoption on its regulatory capital, at a rate of 25 percent per year, over a three-year transition period that began on January 1, 2021.  Under that phase-in schedule, the cumulative effect of the adoption was fully reflected in regulatory capital on January 1, 2024.

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PART I: FINANCIAL INFORMATIONITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The Corporation's and Bank's actual and required capital ratios as of September 30, 2025 and December 31, 2024 were as follows: 

Prompt Corrective Action ThresholdsActualBasel III Minimum Capital RequiredWell CapitalizedSeptember 30, 2025AmountRatioAmountRatioAmountRatioTotal risk-based capital to risk-weighted assetsFirst Merchants Corporation$2,094,242 13.04 %$1,686,289 10.50 %N/AN/AFirst Merchants Bank2,035,936 12.67 1,687,583 10.50 $1,607,222 10.00 %Tier 1 capital to risk-weighted assetsFirst Merchants Corporation$1,845,858 11.49 %$1,365,091 8.50 %N/AN/AFirst Merchants Bank1,834,899 11.42 1,366,138 8.50 $1,285,777 8.00 %Common equity tier 1 capital to risk-weighted assetsFirst Merchants Corporation$1,820,858 11.34 %$1,124,192 7.00 %N/AN/AFirst Merchants Bank1,834,899 11.42 1,125,055 7.00 $1,044,694 6.50 %Tier 1 capital to average assetsFirst Merchants Corporation$1,845,858 10.30 %$716,612 4.00 %N/AN/AFirst Merchants Bank1,834,899 10.14 723,685 4.00 $904,606 5.00 %

Prompt Corrective Action ThresholdsActualBasel III Minimum Capital RequiredWell CapitalizedDecember 31, 2024AmountRatioAmountRatioAmountRatioTotal risk-based capital