Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 217

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 217
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,174 — Allowance for Loan Losses Includible in Tier 2 Capital190,854 191,000 185,324 185,511 Total Risk-Based Capital (Regulatory)$2,030,362 $1,967,738 $2,021,124 $1,931,810 Net Risk-Weighted Assets (Regulatory)$15,249,287 $15,261,118 $14,787,474 $14,796,189 Average Assets (Regulatory)$17,752,227 $17,904,307 $17,677,268 $17,658,269 Total Risk-Based Capital Ratio (Regulatory)13.31 %12.89 %13.67 %13.06 %Tier 1 Capital to Risk-Weighted Assets (Regulatory)11.59 %11.64 %11.52 %11.80 %Tier 1 Capital to Average Assets (Regulatory)9.96 %9.92 %9.64 %9.89 %Common Equity Tier 1 Capital RatioTotal Tier 1 Capital (Regulatory)$1,767,468 $1,776,738 $1,703,626 $1,746,299 Less:  Qualified Capital Securities(25,000)— (25,000)— Common Equity Tier 1 Capital (Regulatory)$1,742,468 $1,776,738 $1,678,626 $1,746,299 Net Risk-Weighted Assets (Regulatory)$15,249,287 $15,261,118 $14,787,474 $14,796,189 Common Equity Tier 1 Capital Ratio (Regulatory)11.43 %11.64 %11.35 %11.80 %

(1) Includes net unrealized gains or losses on available for sale securities, net gains or losses on cash flow hedges, and amounts resulting from the application of the applicable accounting guidance for defined benefit and other postretirement plans.

In management’s view, certain non-GAAP financial measures, when taken together with the corresponding GAAP financial measures and ratios, provide meaningful supplemental information regarding our performance.  We believe investors benefit from referring to these non-GAAP financial measures and ratios in assessing our operating results and related trends, and when forecasting future periods.