Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 135

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 135
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 Years(Dollars in Thousands)AmountYield (1)AmountYield (1)AmountYield (1)Securities available for sale December 31, 2024      State and municipal$1,795 2.8 %$7,026 2.7 %$144,031 3.2 %Corporate obligations— — %4,831 8.1 %7,436 4.5 %$1,795 2.8 %$11,857 4.9 %$151,467 3.2 %

 Due After Ten YearsU.S. Government-sponsored mortgage-backedsecuritiesTotal AmountYield (1)AmountYield (1)AmountYield (1)U.S. Government-sponsored agency securities$79,381 2.3 %$— — %$79,381 2.3 %State and municipal710,322 3.1 %— — %863,174 3.1 %U.S. Government-sponsored mortgage-backed securities— — %431,622 2.8 %431,622 2.8 %Corporate obligations31 — %— — %12,298 5.9 %$789,734 3.0 %$431,622 2.8 %$1,386,475 3.0 %

17

PART I: ITEM 1. BUSINESS

 Within 1 Year1-5 Years5-10 Years(Dollars in Thousands)AmountYield (1)AmountYield (1)AmountYield (1)Securities held to maturity at December 31, 2024      U.S. Government-sponsored agency securities$— — %$60,590 1.0 %$29,702 1.3 %State and municipal3,768 4.0 %63,414 4.2 %144,831 3.2 %Foreign investment1,500 3.5 %— — %— — %$5,268 3.9 %$124,004 2.6 %$174,533 2.8 %

 Due After Ten YearsU.S. Government-sponsored mortgage-backedsecuritiesTotal AmountYield (1)AmountYield (1)Amount