First Merchants Results Presentation Deck
Asset Quality
Asset Quality Trends ($M)
2Q22
3Q22 4Q22
1. Non-Accrual Loans
2. Other Real Estate
3. 90PD Loans
4. Renegotiated Loans
5. NPAS +90PD
6. NPAS + 90PD/Loans
and ORE
7. Classified Loans
8. Classified Loans/Loans
$ 46.0 $ 43.5
6.5
0.6
0.2
6.5
0.7
0.2
$ 42.3
6.5
1.7
0.2
1Q23 2Q23
$ 46.6 $ 69.2
7.8
7.0
First Merchants Corporation
Helping you prosper
7.7
0.4
$53.3 $ 50.9 $ 50.7 $ 61.4 $ 77.3
0.47% 0.44% 0.42% 0.50%
0.63%
$192.1 $207.1 $215.2 $250.5 $257.0
1.68% 1.77% 1.79% 2.04%
2.09%
9. Net Charge-offs (QTD) $ 0.3 $ (0.4) $ 3.4 $ 0.2 $ 1.9
10. QTD NCO/Avg. Loans 0.01% -0.01% 0.12% 0.01% 0.06%
(Annualized)
Highlights
NPAS + 90PD were up 13 bps to 0.63% of loans and
ORE
▪ New Non-Accruals:
▪ Stable Classified Loans/Loans. Remains below pre-
pandemic levels
A $15.9 million loan to a syndicated specialty
finance company
An $8.7 million loan to a material handling
company
▪ Q2 Net Charge-offs of $1.9 million
●
●
0.06% of average loans (annualized)
Gross charge-offs of $2.3 million with recoveries of
$0.4 million
21View entire presentation