Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 28

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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,750 203,884 195,066 146,377 298,802 132 — 1,059,083 Total Public finance and other commercial loans161,072 53,750 203,884 195,066 146,377 298,802 132 — 1,059,083 Loans$2,869,611 $1,733,843 $1,937,367 $1,569,313 $1,142,386 $1,139,559 $2,447,911 $14,369 $12,854,359 Total current period gross charge-offs$1,450 $40,529 $1,681 $8,947 $576 $1,060 $— $— $54,243 

18

PART I. FINANCIAL INFORMATION ITEM 1. NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS(table dollar amounts in thousands, except share data)(Unaudited)

Total past due loans equaled $101.4 million as of June 30, 2025 representing a $14.8 million decrease from $116.2 million at December 31, 2024.  At June 30, 2025, 30-59 days past due decreased $4.4 million from December 31, 2024 as commercial and industrial, and commercial real estate, owner occupied loan classes decreased $3.4 million and $3.2 million, respectively, which was partially offset by an increase in the construction loan class of $2.9 million.  At June 30, 2025, 60-89 days past due decreased $18.8 million from December 31, 2024 as the construction loan class decreased $22.0 million, which was partially offset by an increase in the commercial real estate, owner occupied loan class of $3.0 million.  At June 30, 2025, 90 days or more past due increased $8.4 million from December 31, 2024 as construction and commercial real estate, owner occupied loan classes increased $10.5 million and $6.6 million, respectively, which was partially offset by a decrease in the commercial real estate, non-owner occupied loan class of $5.8 million.  The tables below show a past