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

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 10
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 11,815 Change in deferred taxes1,624 6,599 9,065 Share-based compensation5,818 5,158 4,652 Loans originated for sale(1,171,131)(793,125)(251,306)Proceeds from sales of loans held for sale1,183,481 791,764 265,723 Gains on sales of loans held for sale(12,079)(8,479)(4,373)Gain on branch sale(19,983)— — Net (gains) losses on sales of securities available for sale20,757 6,930 (1,194)Increase in cash surrender of life insurance(5,655)(5,320)(5,210)Gains on life insurance benefits(2,809)(3,027)(5,964)Change in interest receivable5,835 (12,594)(20,695)Change in interest payable(2,810)11,382 3,703 Operating lease right-of-use abandonment— 2,083 — Other adjustments(789)18,465 39,229 Net cash provided by operating activities266,210 258,833 284,289 Cash Flows from Investing Activities:   Net change in interest-bearing deposits137,189 (310,019)348,093 Purchases of:   Securities available for sale(94,713)(32,852)(451,203)Securities held to maturity— (5,653)(292,493)Proceeds from sales of securities available for sale247,747 388,254 606,873 Proceeds from maturities and redemptions of:   Securities available for sale51,424 56,182 201,846 Securities held to maturity96,485 104,865 154,689 Change in Federal Home Loan Bank stock79 (3,244)1,899 Payment of capital calls to qualified affordable housing investments(29,682)(11,685)(11,589)Net change in loans(419,410)(621,786)(1,165,548)Net cash and cash equivalents received in acquisition— — 137,780 Net cash and cash equivalents paid in divestiture of branches(243,504)— — Proceeds from the sale of other real estate owned781 1,748 496 Proceeds from life