Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 26

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 138,703 Current period gross charge-offs158 427 463 326 142 79 — — 1,595 Public finance and other commercial loansPass89,786 146,232 52,786 200,013 188,117 426,442 42,552 — 1,145,928 Total Public finance and other commercial loans89,786 146,232 52,786 200,013 188,117 426,442 42,552 — 1,145,928 Loans$2,570,312 $2,138,354 $1,372,728 $1,585,449 $1,359,315 $1,924,610 $2,629,825 $10,581 $13,591,174 Total current period gross charge-offs$3,205 $1,854 $3,469 $2,125 $4,486 $1,793 $— $— $16,932 

17

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

December 31, 2024Term Loans (amortized cost basis by origination year)20242023202220212020PriorRevolving loans amortized cost basisRevolving loans converted to termTotalCommercial and industrial loansPass$1,314,174 $493,138 $196,877 $158,215 $55,639 $49,554 $1,576,409 $130 $3,844,136 Special Mention14,982 13,282 20,837 1,097 2,222 348 41,187 — 93,955 Substandard29,238 32,285 26,973 7,249 1,081 1,134 75,649 513 174,122 Doubtful1,473 606 — — — — — — 2,079 Total Commercial and industrial loans1,359,867 539,311 244,687 166,561 58,942 51,036 1,693,245 643 4,114,292 Current period gross charge-offs