Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 152

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 152
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4 that were both experiencing financial difficulty and modified during the three and nine months ended September 30, 2025 and 2024, by class and by type of modification. For the three and nine months ended September 30, 2025, the table below excludes loan modifications considered insignificant. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below. Three Months Ended September 30, 2025Loan Modifications Made to Borrowers Experiencing Financial Difficulty Payment DelayTerm ExtensionCombination Interest Rate Reduction & Term Extension % of Total Class of Financing ReceivableCommercial and industrial loans$— $6,154 $— 0.13 %Real estate loans:Commercial real estate, non-owner occupied— 1,570 6,426 0.35 %Residential261 — — 0.01 %Total$261 $7,724 $6,426 

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PART I. FINANCIAL INFORMATION ITEM 1. NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS(table dollar amounts in thousands, except share data)(Unaudited)

Three Months Ended September 30, 2024Loan Modifications Made to Borrowers Experiencing Financial DifficultyPayment DelayTerm ExtensionCombination Payment Delay & Term ExtensionCombination Interest Rate Reduction & Term ExtensionCombination Interest Rate Reduction, Term Extension, & Payment Delay% of Total Class of Financing ReceivableCommercial and industrial loans$9,600 $10,333 $— $31 $— 0.49 %Real estate loans:Construction— 915 22,000 — — 2.81 %Commercial real estate, non-owner occupied— 10,254 — 10,828 — 0.94 %Commercial real estate, owner occupied— 5,841 — — — 0.51 %Residential493 56 — — 304 0.04 %Home equity— 62 — — — 0.01 %Total$10,093 $27,461 $22,000 $10,859 $304 Nine Months Ended September 30, 2025Loan Modifications Made to Borrowers Experiencing Financial DifficultyPayment DelayTerm ExtensionInterest Rate ReductionCombination Interest Rate Reduction & Term ExtensionCombination Interest Rate Reduction