Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 253

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 253
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 transition period that began on January 1, 2021.  Under that phase-in schedule, the cumulative effect of the adoption was fully reflected in regulatory capital on January 1, 2024.

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

The Corporation's and Bank's actual and required capital ratios as of June 30, 2025 and December 31, 2024 were as follows: 

Prompt Corrective Action ThresholdsActualBasel III Minimum Capital RequiredWell CapitalizedJune 30, 2025AmountRatioAmountRatioAmountRatioTotal risk-based capital to risk-weighted assetsFirst Merchants Corporation$2,059,037 13.06 %$1,655,984 10.50 %N/AN/AFirst Merchants Bank1,995,528 12.64 1,657,330 10.50 $1,578,409 10.00 %Tier 1 capital to risk-weighted assetsFirst Merchants Corporation$1,814,262 11.50 %$1,340,558 8.50 %N/AN/AFirst Merchants Bank1,798,034 11.39 1,341,648 8.50 $1,262,727 8.00 %Common equity tier 1 capital to risk-weighted assetsFirst Merchants Corporation$1,789,262 11.35 %$1,103,989 7.00 %N/AN/AFirst Merchants Bank1,798,034 11.39 1,104,886 7.00 $1,025,966 6.50 %Tier 1 capital to average assetsFirst Merchants Corporation$1,814,262 10.20 %$711,410 4.00 %N/AN/AFirst Merchants Bank1,798,034 10.01 718,679 4.00 $898,349 5.00 %

Prompt Corrective Action ThresholdsActualBasel III Minimum Capital RequiredWell CapitalizedDecember 31, 2024AmountRatioAmountRatioAmountRatioTotal risk-based capital to risk-weighted assetsFirst Merchants Corporation$2,030,362 13.31 %$1,601,175 10.50 %N/AN/AFirst Merchants Bank1