Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 218

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 218
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 a funding source.  At June 30, 2025, total borrowings from the FHLB were $898.7 million and there were no outstanding borrowings from the Federal Reserve Discount Window.  The Bank has pledged certain mortgage loans and investments to the FHLB and Federal Reserve.  The total available remaining borrowing capacity from the FHLB and Federal Reserve at June 30, 2025 was $689.2 million and $5.1 billion, respectively.

The following table presents the Corporation's material cash requirements from known contractual and other obligations at June 30, 2025:

Payments Due In(Dollars in Thousands)One Year or LessOver One YearTotalDeposits without stated maturity$12,783,354 $— $12,783,354 Certificates and other time deposits1,665,778 348,446 2,014,224 Securities sold under repurchase agreements114,758 — 114,758 Federal Home Loan Bank advances100,000 798,702 898,702 Federal Funds Purchased85,000 — 85,000 Subordinated debentures and other borrowings1,298 61,319 62,617 Total$14,750,188 $1,208,467 $15,958,655 

Also, in the normal course of business, the Bank is a party to a number of other off-balance sheet activities that contain credit, market and operational risk that are not reflected in whole or in part in our consolidated financial statements.  These activities primarily consist of traditional off-balance sheet credit-related financial instruments such as loan commitments and standby letters of credit.

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

Summarized credit-related financial instruments at June 30, 2025 are as follows:

(Dollars in Thousands)June 30, 2025Amounts of commitments:Loan commitments to extend credit$5,455,944 Standby and commercial letters of credit66,711 $5,522,655 

Since many of the commitments are expected to expire unused or be only partially used, the total amount of unused commitments in the preceding table does not necessarily represent future cash requirements.

INTEREST SENSITIVITY AND DISCLOSURE ABOUT MARKET RISK

Asset/Liability management has been an important factor in