Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 9

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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(5,644)— Redemptions of Federal Home Loan Bank stock70 53 Payment of capital calls to qualified affordable housing investments(34,969)(22,238)Net change in loans(681,224)(206,478)Proceeds from the sale of other real estate owned6,072 325 Proceeds from life insurance benefits4,082 7,964 Proceeds from mortgage portfolio loan sale— 1,716 Proceeds from commercial portfolio loan sale— 3,273 Other adjustments(5,203)(25,046)Net cash used by investing activities(473,066)(885)Cash Flows from Financing Activities:Net increase (decrease) in:Demand and savings deposits307,586 (308,714)Certificates of deposit and other time deposits40,767 140,074 Proceeds from borrowings854,091 551,851 Repayment of borrowings(834,422)(499,542)Cash dividends on preferred stock(1,406)(1,406)Cash dividends on common stock(62,092)(61,146)Stock issued under employee benefit plans480 511 Stock issued under dividend reinvestment and stock purchase plans1,737 1,676 Stock options exercised330 900 Repurchase of common stock(36,476)(49,955)Net cash provided (used) by financing activities270,595 (225,751)Net Change in Cash and Cash Equivalents463 (27,930)Cash and Cash Equivalents, January 187,616 112,649 Cash and Cash Equivalents, September 30$88,079 $84,719 Additional cash flow information:Interest paid$288,261 $327,443 Income tax paid18,397 6,407 Loans transferred to other real estate owned2,202 699 Fixed assets transferred to other real estate owned— 69 Non-cash investing activities using trade date accounting70,182 17,749 ROU assets obtained in exchange for new operating lease liabilities692 6,918 Qualified affordable housing investments obtained in exchange for funding commitments20,000 40,500 Reclassification of loans and other branch assets to held for sale— 13,404 Reclassification of deposits and other branch liabilities to held for sale— 288,476 

See NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS.

9

PART I.