Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 152

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 152
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 months.Commercial real estate, owner occupied Extended loans by a weighted average of 28 months.ResidentialProvided payment deferrals with weighted average delayed amounts of $28.Extended loans by a weighted average of 6 months.Provided payment deferrals with weighted average delayed amounts of $8 and extended loans by a weighted average of 120 months.Provided payment deferrals with weighted average delayed amounts of $14, extended loans by a weighted average of 12 months, and reduced the weighted average contractual interest rate from 5.75% to 5.00%.Home equityProvided payment deferrals with weighted average delayed amounts of $4.Extended loans by a weighted average of 5 months.Provided payment deferrals with weighted average delayed amounts of $8 and extended loans by a weighted average of 60 months.The Corporation closely monitors the performance of financial difficulty modifications to understand the effectiveness of its efforts. The following tables present the performance of financial difficulty modifications in the twelve months following modification. June 30, 2025Current30-59 Days Past Due60-89 Days Past Due90+ Days Past DueTotalCommercial and industrial loans$14,186 $2,831 $448 $501 $17,966 Agricultural land, production and other loans to farmers2,194 — — — 2,194 Real estate loans:Construction6,425 — — — 6,425 Commercial real estate, non-owner occupied58,364 — — — 58,364 Commercial real estate, owner occupied2,153 — — 3,573 5,726 Residential3,717 576 412 702 5,407 Home equity138 — — — 138 Total$87,177 $3,407 $860 $4,776 $96,220 June 30, 2024Current30-59 Days Past Due60-89 Days Past Due90+ Days Past DueTotalCommercial and industrial loans$6,150 $125 $— $— $6,275 Real estate loans:Commercial real estate, non-owner occupied19,488 — 1,799 — 21,287 Commercial real estate, owner occupied1,990 — — — 1,990 Residential1,219 538 — 1,188 2,945 Home equity224 89 — —