Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 2

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 purchased224 329 2,001 455 Securities sold under repurchase agreements654 700 2,059 2,377 Federal Home Loan Bank advances8,638 8,544 27,716 21,715 Subordinated debentures and other borrowings1,093 1,544 3,014 5,781 Total Interest Expense101,430 109,973 290,399 326,620 NET INTEREST INCOME133,665 131,110 396,949 386,744 Provision for credit losses4,300 5,000 14,100 31,500 NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES129,365 126,110 382,849 355,244 NONINTEREST INCOME    Service charges on deposit accounts8,921 8,361 25,559 24,482 Fiduciary and wealth management fees8,842 8,525 26,317 25,550 Card payment fees5,007 5,121 14,465 14,360 Net gains and fees on sales of loans4,983 6,764 15,854 15,159 Derivative hedge fees1,097 736 2,332 1,488 Other customer fees414 344 1,230 1,231 Earnings on bank-owned life insurance1,667 2,755 5,759 6,276 Net realized losses on sales of available for sale securities— (9,114)(8)(9,165)Other income1,546 1,374 2,320 3,457 Total Noninterest Income32,477 24,866 93,828 82,838 NONINTEREST EXPENSES    Salaries and employee benefits57,317 55,223 166,826 165,730 Net occupancy7,057 6,994 21,118 21,052 Equipment6,998 6,949 20,933 19,774 Marketing2,120 1,836 5,470 4,807 Outside data processing fees6,943 7,150 19,979 21,111 Printing and office supplies311 378 930 1,085 Intangible asset amortization1,499 1,772 4,530 5,