FIRST MERCHANTS CORP
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
FRME$40.83-0.6%Stored close · as of Nov 6, 2026
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Glossary of Defined Terms
FIRST MERCHANTS CORPORATION
| ACL | Allowance for Credit Losses |
|---|---|
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| Bank | First Merchants Bank, a wholly-owned subsidiary of the Corporation |
| BTFP | Bank Term Funding Program created by the Federal Reserve in March 2023 |
| CECL | FASB Accounting Standards Update No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, adopted by the Corporation on January 1, 2021. |
| CET1 | Common Equity Tier 1 |
| CODM | Chief operating decision maker |
| Corporation | First Merchants Corporation |
| CRE | Commercial Real Estate |
| EITF | FASB's Emerging Issues Task Force |
| ESPP | Employee Stock Purchase Plan |
| FASB | Financial Accounting Standards Board |
| FDIC | Federal Deposit Insurance Corporation |
| Federal Reserve | Board of Governors of the Federal Reserve System |
| FHLB | Federal Home Loan Bank |
| FOMC | Federal Open Market Committee, the monetary policymaking body of the Federal Reserve System. |
| FTE | Fully taxable equivalent |
| GAAP | U.S. Generally Accepted Accounting Principles |
| IRA | Inflation Reduction Act of 2022 |
| Level One | Level One Bancorp, Inc., which was acquired by the Corporation on April 1, 2022. |
| OREO | Other real estate owned |
| PPP | Paycheck Protection Program, which was established by the Coronavirus Aid, Relief and Economic Security Act, or CARES Act, and implemented by the U.S. Small Business Administration to provide small business loans. |
| RSA | Restricted Stock Awards |
| SOFR | Secured Overnight Financing Rate |
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