Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 20

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 hierarchy was determined using a discounted cash flow model that incorporated market estimates of interest rates and volatility in markets that have not been active.The amortized cost and fair value of investment securities available for sale and held to maturity at September 30, 2025 and December 31, 2024, by contractual maturity are shown below.  Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.  Securities not due at a single maturity are shown separately.Available for SaleHeld to MaturityAmortized CostFair ValueAmortized CostFair ValueMaturity Distribution at September 30, 2025Due in one year or less$— $— $6,564 $6,581 Due after one through five years15,819 15,559 120,072 116,636 Due after five through ten years228,429 212,224 219,809 200,035 Due after ten years848,393 735,782 1,056,365 866,043  1,092,641 963,565 1,402,810 1,189,295 U.S. Government-sponsored mortgage-backed securities491,164 423,338 592,923 517,769 Total investment securities$1,583,805 $1,386,903 $1,995,733 $1,707,064 Available for SaleHeld to MaturityAmortized CostFair ValueAmortized CostFair ValueMaturity Distribution at December 31, 2024Due in one year or less$1,800 $1,795 $5,268 $5,254 Due after one through five years12,189 11,857 124,004 117,999 Due after five through ten years168,338 151,467 174,533 154,533 Due after ten years922,636 789,734 1,129,147 906,564  1,104,963 954,853 1,432,952 1,184,350 U.S. Government-sponsored mortgage-backed securities519,943 431,622 641,513 539,170 Total investment securities$1,624,906 $1,386,475 $2,074,465 $1,723,520 Securities