Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 83

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 83
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 securities held to maturity, net2,184,252 — 1,859,974 10,400 1,870,374 Loans held for sale18,934 — 18,934 — 18,934 Loans12,281,093 — — 11,958,301 11,958,301 Federal Home Loan Bank stock41,769 — 41,769 — 41,769 Interest receivable97,664 — 97,664 — 97,664 Liabilities at December 31:Deposits$14,821,453 $12,482,295 $2,329,662 $— 14,811,957 Borrowings:Securities sold under repurchase agreements157,280 — 157,265 — 157,265 Federal Home Loan Bank advances712,852 — 707,377 — 707,377 Subordinated debentures and other borrowings158,644 — 149,995 — 149,995 Interest payable18,912 — 18,912 — 18,912 

NOTE 14

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)The following table summarizes the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, as of December 31, 2024 and 2023:Accumulated Other Comprehensive Income (Loss)Unrealized Gains (Losses) on Securities Available for SaleUnrealized Gains (Losses) on Cash Flow HedgesUnrealized Gains (Losses) on Defined Benefit PlansTotalBalance at December 31, 2023$(173,654)$— $(2,316)$(175,970)Other comprehensive income (loss) before reclassifications(31,156)— 2,043 (29,113)Amounts reclassified from accumulated other comprehensive income (loss)16,398 — — 16,398 Period change(14,758)— 2,043 (12,715)Balance at December 31, 2024$(188,412)$— $(273)$(188,685)Balance at December 31, 2022$(234,495)$130 $(4,786)$(239,151)Other comprehensive income (loss) before reclassifications55,366 (