Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 60

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 comprehensive loss, net of tax, as of September 30, 2025 and 2024.Accumulated Other Comprehensive LossUnrealized Gains (Losses) on Securities Available for SaleUnrealized Gains (Losses) on Defined Benefit PlansTotalBalance at December 31, 2024$(188,412)$(273)$(188,685)Other comprehensive income before reclassifications32,815 — 32,815 Amounts reclassified from accumulated other comprehensive loss6 — 6 Period change32,821 — 32,821 Balance at September 30, 2025$(155,591)$(273)$(155,864)Balance at December 31, 2023$(173,654)$(2,316)$(175,970)Other comprehensive income before reclassifications16,905 — 16,905 Amounts reclassified from accumulated other comprehensive loss7,240 — 7,240 Period change24,145 — 24,145 Balance at September 30, 2024$(149,509)$(2,316)$(151,825)The following tables present the reclassification adjustments out of accumulated other comprehensive loss that were included in net income in the Consolidated Condensed Statements of Income for the three and nine months ended September 30, 2025 and 2024. Amount Reclassified from Accumulated Other Comprehensive Loss For the Three Months Ended September 30,Details about Accumulated Other Comprehensive Loss Components20252024Affected Line Item in the Statements of IncomeUnrealized gains (losses) on available for sale securities (1)Realized securities losses reclassified into income$— $(9,114)Noninterest income - net realized losses on sales of available for sale securitiesRelated income tax benefit— 1,914 Income tax expenseTotal reclassifications for the period, net of tax$— $(7,200)Amount Reclassified from Accumulated Other Comprehensive Loss For the Nine Months Ended September 30,Details about Accumulated Other Comprehensive Loss Components20252024Affected Line Item in the Statements of IncomeUnrealized gains (losses) on available for sale securities (1)Realized securities losses reclassified into income$(8)$(9,165)Noninterest income - net realized losses on sales of available for sale securitiesRelated income tax benefit2 1,925 Income tax expenseTotal reclassifications for the period, net of tax$(6