Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 135

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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 CostFair ValueMaturity Distribution at June 30, 2025Due in one year or less$— $— $4,878 $4,877 Due after one through five years12,965 12,580 121,851 117,859 Due after five through ten years205,079 185,363 196,082 175,327 Due after ten years876,744 730,726 1,090,432 861,615  1,094,788 928,669 1,413,243 1,159,678 U.S. Government-sponsored mortgage-backed securities503,417 429,461 609,828 527,562 Total investment securities$1,598,205 $1,358,130 $2,023,071 $1,687,240 

14

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

Available for SaleHeld to MaturityAmortized CostFair ValueAmortized CostFair ValueMaturity Distribution at December 31, 2024Due in one year or less$1,800 $1,795 $5,268 $5,254 Due after one through five years12,189 11,857 124,004 117,999 Due after five through ten years168,338 151,467 174,533 154,533 Due after ten years922,636 789,734 1,129,147 906,564  1,104,963 954,853 1,432,952 1,184,350 U.S. Government-sponsored mortgage-backed securities519,943 431,622 641,513 539,170 Total investment securities$1,624,906 $1,386,475 $2,074,465 $1,723,520 Securities with a carrying value of approximately $3.3 billion were pledged at June 30, 2025 and December 31, 2024 to secure certain deposits and securities sold under repurchase agreements, and for other purposes as permitted or required by law.The book value of securities pledged and available under agreements to repurchase amounted to $135.9 million at June 30, 2025 and $173.0