Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 106

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 106
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 Net cash used by financing activities(200,849)(77,892)(71,034)Net change in cash and cash equivalents(33,862)44,119 (70,762)Cash and cash equivalents, beginning of the year100,858 56,739 127,501 Cash and cash equivalents, end of year$66,996 $100,858 $56,739 

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PART II: ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATANOTES TO CONSOLIDATED FINANCIAL STATEMENTS(table dollar amounts in thousands, except share data)

NOTE 22

SEGMENT INFORMATIONThe Corporation has one reportable segment, community banking.  The Corporation’s reportable segment is determined by the Chief Executive Officer, who is the designated chief operating decision maker (“CODM”), based upon information provided about the Corporation’s products and services offered.  The CODM will evaluate the financial performance of the Corporation’s business components by evaluating revenue streams, significant expenses, and budget to actual results in assessing the Corporation’s segment.  The Corporation generates revenue primarily by providing banking services to its customers.  Interest expense, provisions for credit losses and salaries and employee benefits are the significant expenses in the banking operations.  The CODM evaluates performance, allocates resources and makes key operating decisions based on consolidated net income that is reported in the Consolidated Statements of Income.  The measure of segment assets is reported on the Consolidated Balance Sheets as total consolidated assets.  All operations are domestic.

NOTE 23

GENERAL LITIGATIONThe Corporation is subject to claims and lawsuits that arise primarily in the ordinary course of business.  It is the opinion of management that the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position, results of operations and cash flow of the Corporation.

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