Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 259

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 259
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165 Individuals' loans for household and other personal expenditures3,489 61,381 17,202 82,072 Public finance and other commercial loans6,586 72,847 951,700 1,031,133 Total loans with fixed interest rates$373,590 $1,398,716 $2,309,699 $4,082,005 

June 30, 2025(Dollars in Thousands)MaturingWithin 1 YearMaturing1-5 YearsMaturing Over5 YearsTotalCommercial and industrial loans$741,302 $2,799,901 $278,495 $3,819,698 Agricultural land, production and other loans to farmers74,697 22,775 128,008 225,480 Real estate loans:Construction382,703 310,916 17,608 711,227 Commercial real estate, non-owner occupied251,885 780,635 506,531 1,539,051 Commercial real estate, owner occupied47,738 319,232 351,770 718,740 Residential6,406 54,564 1,328,311 1,389,281 Home Equity15,008 10,617 613,171 638,796 Individuals' loans for household and other personal expenditures20,348 22,145 16,480 58,973 Public finance and other commercial loans39,756 47,741 26,011 113,508 Total loans with variable interest rates$1,579,843 $4,368,526 $3,266,385 $9,214,754 

53

PART I: FINANCIAL INFORMATIONITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Loan Quality

The quality of the loan portfolio and the amount of nonperforming loans may increase or decrease as a result of acquisitions, organic portfolio growth, problem loan recognition and resolution through collections, sales or charge-offs.  The performance of any loan can be affected by external factors such as economic conditions, or internal factors specific to a particular borrower, such as the actions of a customer's internal management.

At June 30, 2025, nonaccrual loans totaled $67.4 million, a decrease of $6.4 million from December 31, 2024