Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 100

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 100
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 respectively, and include cash and cash equivalents, common stocks, mutual funds and corporate bonds and notes.  If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of plan assets with similar characteristics or discounted cash flows.  Level 2 plan assets total $10.3 million and $5.4 million as of December 31, 2024 and 2023, respectively, and include governmental agencies, taxable municipal bonds and notes, and certificates of deposit.  In certain cases where Level 1 or Level 2 inputs are not available, plan assets are classified within Level 3 of the hierarchy.  There are no assets classified within Level 3 of the hierarchy at December 31, 2024 and 2023.  Fair Value Measurements Using  Quoted Prices inActive Markets forIdentical AssetsSignificant Other Observable InputsSignificantUnobservableInputsDecember 31, 2024Fair Value(Level 1)(Level 2)(Level 3)Cash & Cash Equivalents$2,609 $2,609 $— $— Corporate Bonds and Notes29,206 29,206 — — Government Agency and Municipal Bonds and Notes10,089 — 10,089 — Certificates of Deposit246 — 246 — Party-in-Interest InvestmentsCommon Stock2,413 2,413 — — Mutual Funds and Exchange Traded FundsTaxable Bond15,648 15,648 — — Large Cap Equity11,047 11,047 — — Mid Cap Equity3,403 3,403 — — Small Cap Equity1,275 1,275 — — International Equity3,599 3,599 — — $79,535 $69,200 $10,335 $— 

102

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

  Fair Value Measurements Using  Quoted Prices inActive Markets forIdentical AssetsSignificant Other Observable InputsSignificantUnobservableInputsDecember 31, 2023Fair Value(Level 1)(Level 2)(Level 3)Cash & Cash Equivalents$2,433 $2,433 $— $— Corporate