Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 141

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 141
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000 58,012 — 1,144,522 Special Mention— — 119 — — — — — 119 Total Public finance and other commercial loans59,074 148,188 53,375 201,284 190,708 434,000 58,012 — 1,144,641 Loans$1,680,925 $2,299,561 $1,519,781 $1,760,893 $1,406,148 $2,043,293 $2,575,036 $11,122 $13,296,759 Total current period gross charge-offs$56 $1,327 $2,436 $1,406 $4,443 $765 $— $— $10,433 

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-offs1,242 39,087 341 8,605 500 424 — — 50,199 Agricultural land, production and other loans to farmersPass28,600 23