Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 36

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 36
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 issuance costs on subordinated debt        |     |   |                  (278 | ) |
| Fair value adjustment on other borrowings                                     |     |   |                (2,014 | ) |
| Removal of First Savings’ existing intangible assets                          |     |   |                  (275 | ) |
| Total pre-tax fair value adjustments                                          |     |   |               (54,230 | ) |
| Deferred tax asset/(liability) related to fair value adjustments              |     |   |                11,388 |   |
| Total after-tax fair value adjustments                                        |     |   |               (42,842 | ) |
| Fair value of net assets acquired                                             |     |   |               131,420 |   |
| Goodwill recognized in the transaction                                        |     |   |               109,890 |   |
| Core deposit intangible recognized                                            |     |   |                30,208 |   |
| Total intangibles created in transaction                                      |     |   |               140,098 |   |

| (H) | To eliminate First Savings’ allowance for loan losses of $20,719,000. |

| (I) | To eliminate First Savings’ ACL on unfunded commitments of $1,765,000 and establish a new unfunded 
 commitments reserve of $1,100,000.                                                                 |

| (J) | To record the purchase accounting adjustments on First Savings’ Time Deposits of $1,452,000. |

| (K) | To record deferred taxes on the First Savings purchase accounting adjustments using an estimated tax rate of 
 21%.                                                                                                         |

| (L) | To eliminate First Savings’ common equity accounts of $183,822,000 and record the purchase premium. |

| (M) | To record conversion of First Savings’ outstanding stock to First Merchants common stock. |

| Common stock at stated value of $0.125 per share |     |     744 |
| Cash                                             |     |   6,088 |
| APIC                                             |     | 234,478 |
| Total Purchase Price                             |     | 241,310 |

| (N) | To eliminate First Savings’ Other Intangibles from prior acquisitions of $275,000. |

21

| (O) | To record the accretion of purchase accounting adjustments on loans (interest rate mark only), which is 
 expected to accrete into earnings over 4 years.                                                         |

| (P) | To