Company: FRME
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000712534-25-000117
Chunk: 84

Company: FIRST MERCHANTS CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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359 Residential17,141 109,315 879,479 1,005,935 Home Equity11,509 7,846 10,416 29,771 Individuals' loans for household and other personal expenditures1,893 64,303 17,372 83,568 Public finance and other commercial loans8,423 73,723 918,864 1,001,010 Total loans with fixed interest rates$331,279 $1,455,338 $2,305,226 $4,091,843 

March 31, 2025(Dollars in Thousands)MaturingWithin 1 YearMaturing1-5 YearsMaturing Over5 YearsTotalCommercial and industrial loans$724,341 $2,664,078 $267,057 $3,655,476 Agricultural land, production and other loans to farmers72,096 9,710 125,933 207,739 Real estate loans:Construction373,956 275,251 13,516 662,723 Commercial real estate, non-owner occupied253,700 761,439 534,228 1,549,367 Commercial real estate, owner occupied61,423 273,333 354,624 689,380 Residential10,314 48,518 1,325,085 1,383,917 Home Equity16,231 13,254 591,243 620,728 Individuals' loans for household and other personal expenditures19,942 20,998 16,446 57,386 Public finance and other commercial loans30,180 29,620 26,546 86,346 Total loans with variable interest rates$1,562,183 $4,096,201 $3,254,678 $8,913,062 

48

PART I: FINANCIAL INFORMATIONITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Loan Quality

The quality of the loan portfolio and the amount of nonperforming loans may increase or decrease as a result of acquisitions, organic portfolio growth, problem loan recognition and resolution through collections, sales or charge-offs.  The performance of any loan can be affected by external factors such as economic conditions, or internal factors specific to a particular borrower, such as the actions of a customer's internal management