Company: FRME
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000712534-25-000117
Chunk: 127

Company: FIRST MERCHANTS CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 127
---
$1,851,545 $1,477,084 $2,136,306 $2,486,297 $2,283 $13,004,905 Total current period gross charge-offs$— $801 $1,382 $467 $3,142 $390 $— $— $6,182 

16

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 23,070 30,518 26,442 27,105 29,930 84,502 — 250,167 Special Mention169 — 245 — 446 422 528 — 1,810 Substandard2,554 48 800 682 34 81 136 — 4,335 Total Agricultural land, production and other loans to farmers31,323 23,118 31,563 27,124 27,585