Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 11

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 11
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 insurance benefits9,859 10,357 24,047 Proceeds from mortgage portfolio loan sale1,716 — — Proceeds from commercial portfolio loan sale3,273 113,313 — Other adjustments(13,668)(33,905)(17,575)Net cash used in investing activities(252,424)(344,425)(462,685)Cash Flows from Financing Activities:   Net change in :   Demand and savings deposits203,261 (623,642)(513,496)Certificates of deposit and other time deposits(235,640)1,062,350 232,874 Borrowings639,117 834,031 1,818,389 Repayment of borrowings(509,708)(1,119,200)(1,332,889)Cash dividends on preferred stock(1,875)(1,875)(1,406)Cash dividends on common stock(81,623)(80,061)(72,748)Stock issued under employee benefit plans656 754 706 Stock issued under dividend reinvestment and stock purchase plans2,261 2,180 2,056 Stock options exercised900 1,110 358 Repurchase of common stock(56,168)— — Net cash provided (used) by financing activities(38,819)75,647 133,844 Net Change in Cash and Cash Equivalents(25,033)(9,945)(44,552)Cash and Cash Equivalents, January 1112,649 122,594 167,146 Cash and Cash Equivalents, December 31$87,616 $112,649 $122,594 Additional cash flow information:   Interest paid$429,702 $337,104 $80,035 Income tax paid7,627 34,838 13,819 Loans transferred to other real estate owned820 1,224 6,469 Premises and equipment transferred to other real estate owned69 5,020 1,490 Non-cash investing activities using trade date accounting10,018 3,273 46,106 ROU assets obtained in exchange for new operating lease liabilities7,102 2,253 10,516 Qualified affordable housing investments obtained in exchange for funding commitments65,500 44,200 36,500 

CONSOLIDATED STATEMENTS OF CASH FLO