Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 61

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 61
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 for credit losses - loans44,455 7,167 (15,039)617 37,200 Recoveries on loans3,153 236 — 1,477 4,866 Loans charged off(50,199)(352)— (3,692)(54,243)Balances. December 31, 2024$94,757 $51,099 $9,784 $37,117 $192,757 Year Ended December 31, 2023CommercialCommercial Real EstateConstructionConsumer & ResidentialTotalAllowance for credit losses - loansBalances, December 31, 2022$102,216 $46,839 $28,955 $45,267 $223,277 Provision for credit losses - loans17,401 (2,735)(4,132)(3,234)7,300 Recoveries on loans995 60 — 1,341 2,396 Loans charged off(23,264)(116)— (4,659)(28,039)Balances. December 31, 2023$97,348 $44,048 $24,823 $38,715 $204,934 Year Ended December 31, 2022CommercialCommercial Real EstateConstructionConsumer & ResidentialTotalAllowance for credit losses - loansBalances, December 31, 2021$69,935 $60,665 $20,206 $44,591 $195,397 Provision for credit losses - loans16,697 (20,425)6,367 (2,639)— CECL Day 1 non-PCD provision for credit losses - loans2,957 5,539 871 4,588 13,955 CECL Day 1 PCD ACL - loans12,970 2,981 648 — 16,599 Recoveries on loans872 1,096 863 1,096 3,927 Loans charged off(1,215)(3,017)— (2,369)(6,601)Balances. December 31, 2022$102,216 $46,839 $28,955 $45,267 $223,277 Off-Balance Sheet Arrangements, Commitments And ContingenciesIn the normal course of business, the Corporation has