Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 151

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 151
---
 ended September 30, 2025, primarily related to decreases of $9.8 million and $6.2 million in the construction and commercial real estate, non-owner occupied loan classes, respectively.  The decrease was partially offset by an increase of $13.6 million in the commercial and industrial loan class. The total related allowance balance increased $2.7 million for the nine months ended September 30, 2025, primarily related to an increase of $2.8 million in the commercial and industrial loan class.September 30, 2025Commercial Real EstateResidential Real EstateOtherTotal Allowance on Collateral Dependent LoansCommercial and industrial loans$— $— $37,092 $37,092 $10,594 Real estate loans:Construction— 12,889 — 12,889 — Commercial real estate, non-owner occupied21,369 — — 21,369 4,180 Commercial real estate, owner occupied8,792 — — 8,792 69 Residential— 1,044 — 1,044 170 Home equity— 184 — 184 22 Loans$30,161 $14,117 $37,092 $81,370 $15,035 December 31, 2024Commercial Real EstateResidential Real EstateOtherTotalAllowance on Collateral Dependent LoansCommercial and industrial loans$— $— $23,455 $23,455 $7,803 Real estate loans:Construction— 22,652 — 22,652 — Commercial real estate, non-owner occupied27,583 — — 27,583 4,295 Commercial real estate, owner occupied9,748 — — 9,748 — Residential— 1,174 — 1,174 189 Home equity— 201 — 201 25 Loans$37,331 $24,027 $23,455 $84,813 $12,312 In certain situations, the Corporation may modify the terms of a loan to a debtor experiencing financial difficulty.  The modifications may include principal forgiveness, interest rate reductions, payment delays, term extensions or combinations of these modifications.  The following tables present the amortized cost basis of loans at September 30, 2025 and 202