Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 138

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 138
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 past due are Pass, loans 30-89 days past due are Special Mention and loans greater than 89 days past due are Substandard.  The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date. June 30, 2025Term Loans (amortized cost basis by origination year)20252024202320222021PriorRevolving loans amortized cost basisRevolving loans converted to termTotalCommercial and industrial loansPass$848,663 $989,122 $358,721 $176,310 $110,257 $84,856 $1,664,328 $— $4,232,257 Special Mention1,421 10,115 19,302 11,362 2,102 518 31,127 — 75,947 Substandard676 13,882 3,802 3,592 19,514 20,077 66,174 — 127,717 Doubtful— 2,627 — — 500 704 1,172 — 5,003 Total Commercial and industrial loans850,760 1,015,746 381,825 191,264 132,373 106,155 1,762,801 — 4,440,924 Current period gross charge-offs56 755 1,933 68 3,677 484 — — 6,973 Agricultural land, production and other loans to farmersPass44,767 20,491 21,916 26,158 24,764 48,051 59,787 — 245,934 Special Mention175 1,656 29 507 — 1,951 1,013 — 5,331 Substandard3,433 2,403 241 2,847 612 2,808 1,563 — 13,907 Total Agricultural land, production and other loans to farmers48,375 24,550 22,186 29,512 25,376 52,810 62,363 — 265,172 Real estate loans:ConstructionPass89,455 270,877 193,198 40,689 11,602 10,628 19,042 —