Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 12

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 and equipment3,233 Interest receivable and other assets21 Total Assets$11,083 LiabilitiesDeposits$267,448 Interest payable and other liabilities692 Total Liabilities$268,140 

NOTE 3

INVESTMENT SECURITIESThe following tables summarize the amortized cost, gross unrealized gains and losses and approximate fair value of investment securities available for sale as of June 30, 2025 and December 31, 2024.AmortizedCostGross Unrealized GainsGross Unrealized LossesFairValueAvailable for sale at June 30, 2025    U.S. Government-sponsored agency securities$91,585 $— $13,346 $78,239 State and municipal992,236 41 152,264 840,013 U.S. Government-sponsored mortgage-backed securities503,417 1,172 75,128 429,461 Corporate obligations10,967 — 550 10,417 Total available for sale$1,598,205 $1,213 $241,288 $1,358,130 AmortizedCostGross Unrealized GainsGross Unrealized LossesFairValueAvailable for sale at December 31, 2024U.S. Government-sponsored agency securities$95,462 $— $16,081 $79,381 State and municipal996,541 19 133,386 863,174 U.S. Government-sponsored mortgage-backed securities519,943 403 88,724 431,622 Corporate obligations12,960 — 662 12,298 Total available for sale$1,624,906 $422 $238,853 $1,386,475 

11

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

The following tables summarize the amortized cost, gross unrealized gains and losses, approximate fair value and allowance for credit losses on investment securities held to maturity as of June 30, 2025 and December 31, 2024.AmortizedCostAllowance for Credit LossesNet Carrying AmountGross Unrealized GainsGross Unrealized LossesFairValueHeld to maturity at June 30, 2025U.S. Government-sponsored agency securities$334,