Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 18

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 12 Months12 Months or LongerTotalFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesInvestment securities available for sale at September 30, 2025U.S. Government-sponsored agency securities$— $— $77,897 $12,407 $77,897 $12,407 State and municipal8,549 118 854,844 116,265 863,393 116,383 U.S. Government-sponsored mortgage-backed securities5,436 224 321,624 68,922 327,060 69,146 Corporate obligations— — 8,562 378 8,562 378 Total investment securities available for sale$13,985 $342 $1,262,927 $197,972 $1,276,912 $198,314  Less than 12 Months12 Months or LongerTotalFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesInvestment securities available for sale at December 31, 2024U.S. Government-sponsored agency securities$— $— $79,381 $16,081 $79,381 $16,081 State and municipal40,398 2,115 820,663 131,271 861,061 133,386 U.S. Government-sponsored mortgage-backed securities82,724 1,660 318,310 87,064 401,034 88,724 Corporate obligations— — 12,268 662 12,268 662 Total investment securities available for sale$123,122 $3,775 $1,230,622 $235,078 $1,353,744 $238,853 The following tables summarize investment securities available for sale in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by security type and the number of securities in the portfolio as of the dates indicated.GrossUnrealizedLossesNumber of SecuritiesInvestment securities available for sale at September 30, 2025U.S. Government-sponsored agency securities$12,407 12State and municipal116,383 602U.S. Government-sponsored mortgage-backed securities69,146 95Corporate obligations378 7Total investment securities available for sale$198,