Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 2

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
 126 1,777 126 Securities sold under repurchase agreements663 645 1,405 1,677 Federal Home Loan Bank advances9,714 6,398 19,078 13,171 Subordinated debentures and other borrowings1,138 1,490 1,921 4,237 Total Interest Expense96,721 107,810 188,969 216,647 NET INTEREST INCOME133,014 128,571 263,284 255,634 Provision for credit losses5,600 24,500 9,800 26,500 NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES127,414 104,071 253,484 229,134 NONINTEREST INCOME    Service charges on deposit accounts8,566 8,214 16,638 16,121 Fiduciary and wealth management fees8,831 8,825 17,475 17,025 Card payment fees4,932 4,739 9,458 9,239 Net gains and fees on sales of loans5,849 5,141 10,871 8,395 Derivative hedge fees831 489 1,235 752 Other customer fees401 460 816 887 Earnings on cash surrender value of life insurance1,913 1,929 4,092 3,521 Net realized losses on sales of available for sale securities(1)(49)(8)(51)Other income (loss)(19)1,586 774 2,083 Total Noninterest Income31,303 31,334 61,351 57,972 NONINTEREST EXPENSES    Salaries and employee benefits54,527 52,214 109,509 110,507 Net occupancy6,845 6,746 14,061 14,058 Equipment6,927 6,599 13,935 12,825 Marketing1,997 1,773 3,350 2,971 Outside data processing fees7,107 7,072 13,036 13,961 Printing and office supplies272 354 619 707 Intangible asset amortization1,505 1,771 3,031 3,728 FDIC assessments3,552 3,278 7,