Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 43

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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1,873 (2,609)(2,720)5,000 Recoveries on loans505 18 — 371 894 Loans charged off(6,375)— — (1,228)(7,603)Balances, September 30, 2024$93,803 $47,405 $11,751 $34,869 $187,828 Nine Months Ended September 30, 2025CommercialCommercial Real EstateConstructionConsumer & ResidentialTotalAllowance for credit losses - loansBalances, December 31, 2024$94,757 $51,099 $9,784 $37,117 $192,757 Provision for credit losses - loans12,380 (3,198)(3,235)8,153 14,100 Recoveries on loans3,366 107 — 1,070 4,543 Loans charged off(11,492)(866)(63)(4,511)(16,932)Balances, September 30, 2025$99,011 $47,142 $6,486 $41,829 $194,468 Nine Months Ended September 30, 2024CommercialCommercial Real EstateConstructionConsumer & ResidentialTotalAllowance for credit losses - loansBalances, December 31, 2023$97,348 $44,048 $24,823 $38,715 $204,934 Provision for credit losses - loans43,249 3,476 (13,072)(2,153)31,500 Recoveries on loans1,592 232 — 1,227 3,051 Loans charged off(48,386)(351)— (2,920)(51,657)Balances, September 30, 2024$93,803 $47,405 $11,751 $34,869 $187,828 Off-Balance Sheet Arrangements, Commitments And ContingenciesIn the normal course of business, the Corporation has entered into off-balance sheet financial instruments which include commitments to extend credit and standby letters of credit.  Commitments to extend credit are usually the result of lines of credit granted to existing borrowers under agreements that the total outstanding indebtedness will not exceed a specific amount during the term of the indebtedness.  Typical borrowers are commercial customers that use