Company: FRME
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000712534-25-000117
Chunk: 121

Company: FIRST MERCHANTS CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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 call or prepayment penalties.  Securities not due at a single maturity are shown separately.Available for SaleHeld to MaturityAmortized CostFair ValueAmortized CostFair ValueMaturity Distribution at March 31, 2025Due in one year or less$1,317 $1,316 $5,268 $5,264 Due after one through five years12,995 12,608 119,035 114,249 Due after five through ten years178,514 159,809 187,050 165,301 Due after ten years908,593 763,810 1,111,080 882,453  1,101,419 937,543 1,422,433 1,167,267 U.S. Government-sponsored mortgage-backed securities517,564 440,946 626,444 537,739 Total investment securities$1,618,983 $1,378,489 $2,048,877 $1,705,006 Available for SaleHeld to MaturityAmortized CostFair ValueAmortized CostFair ValueMaturity Distribution at December 31, 2024Due in one year or less$1,800 $1,795 $5,268 $5,254 Due after one through five years12,189 11,857 124,004 117,999 Due after five through ten years168,338 151,467 174,533 154,533 Due after ten years922,636 789,734 1,129,147 906,564  1,104,963 954,853 1,432,952 1,184,350 U.S. Government-sponsored mortgage-backed securities519,943 431,622 641,513 539,170 Total investment securities$1,624,906 $1,386,475 $2,074,465 $1,723,520 Securities with a carrying value of approximately $3.4 billion and $3.3 billion were pledged at March 31, 2025 and December 31, 2024, respectively, to secure certain deposits and securities sold under repurchase agreements, and for other purposes as permitted or required by law.The book value of securities pledged and available under agreements to repurchase amounted to $143.7 million at March 31