Company: FRME
Filing Date: 2025-06-20
Form Type: 11-K
Source: 0000712534-25-000132
Chunk: 13

Company: FIRST MERCHANTS CORP
Filing Date: 2025-06-20
Form: 11-K
Chunk 13
---
 loss included in net increase in |     |                                          |            |
| net assets available for benefits                 |     |                                          |   -461,107 |
| Total realized gain included in net increase in   |     |                                          |            |
| net assets available for benefits                 |     |                                          |     70,721 |
| Purchases                                         |     |                                          |  4,300,749 |
| Settlements                                       |     |                                          | -3,085,913 |
| Balance at December 31, 2023                      |     | $                                        |  9,873,507 |
| Total unrealized gain included in net decrease in |     |                                          |            |
| net assets available for benefits                 |     |                                          |      3,914 |
| Total realized gain included in net decrease in   |     |                                          |            |
| net assets available for benefits                 |     |                                          |    646,191 |
| Purchases                                         |     |                                          |  3,469,100 |
| Settlements                                       |     |                                          | -5,006,484 |
| Balance at December 31, 2024                      |     | $                                        |  8,986,228 |

Dividend income received for the First Merchants Corporation stock was $329,030 and $337,328 for years ended December 31, 2024 and 2023, respectively.

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#### First Merchants Corporation

#### Retirement Income and Savings Plan

### Notes to Financial Statements

#### December 31, 2024 and 2023

#### NOTE 6

#### RISKS AND UNCERTAINTIES
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the participants' account balances and the amounts reported in the statements of net assets available for benefits.

#### NOTE 7

#### NONEXEMPT TRANSACTION
Defined-contribution plans are required to remit employee contributions to the Plan as soon as they can be reasonably segregated from the employer's general assets. While the Corporation remitted all employee contributions to the Plan for the year ended December 31, 2024, contributions of $781 were not remitted within the required time period. Lost earnings of