Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 84

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 84
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142)2,405 57,629 Amounts reclassified from accumulated other comprehensive income (loss)5,475 12 65 5,552 Period change60,841 (130)2,470 63,181 Balance at December 31, 2023$(173,654)$— $(2,316)$(175,970)

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PART II: ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATANOTES TO CONSOLIDATED FINANCIAL STATEMENTS(table dollar amounts in thousands, except share data)

The following table presents the reclassification adjustments out of accumulated other comprehensive income (loss) that were included in net income in the Consolidated Statements of Income for the years ended December 31, 2024, 2023 and 2022:Amount Reclassified from Accumulated Other Comprehensive Income (Loss) For the Year Ended December 31,Details about Accumulated Other Comprehensive Income (Loss) Components202420232022Affected Line Item in the Statements of IncomeUnrealized gains (losses) on available for sale securities (1)Realized securities gains (losses) reclassified into income$(20,757)$(6,930)$1,194 Other income - net realized gains (losses) on sales of available for sale securitiesRelated income tax benefit (expense)4,359 1,455 (251)Income tax expense$(16,398)$(5,475)$943 Unrealized gains (losses) on cash flow hedges (2)Interest rate contracts$— $(15)$(521)Interest expense - subordinated debentures and other borrowingsRelated income tax benefit (expense)— 3 109 Income tax expense$— $(12)$(412)Unrealized gains (losses) on defined benefit plansAmortization of net loss and prior service costs$— $(82)$(82)Other expenses - salaries and employee benefitsRelated income tax benefit (expense)— 17 17 Income tax expense$— $(65)$(65)Total reclassifications for the period, net of tax$(16,398)$(5,552)$466 (1)  For additional detail related to unrealized gains (losses) on available for sale securities and related amounts reclassified from accumulated        other comprehensive income see NOTE 4. INVESTMENT SECURITIES of these Notes to Consolidated Financial Statements.(2)  For additional detail related to