First Merchants Investor Presentation Deck
Allowance for Credit Losses - Loans
3Q23 Allowance for Credit Losses - Loans
1.94%
$226.7
3Q22
1.86%
$223.3
4Q22
Allowance
1.82%
$223.1
1Q23
$195,397
1.80%
$221.1
2Q23
Allowance to Loans
$16,599
ACL - Loans Level One -
12/31/2021
PCD Credit
Mark
$2,674
1.67%
First Merchants Corporation
Helping you prosper
$205.8
3Q23
Highlights
▪ $2.0 million Q3 provision expense
$5.0 million provision exp. recorded for ACL - Loans
■ $3.0 million reserve reduction for unfunded
commitments
Increase
■
■ The reserve for unfunded commitments totals
$20.3 million, a reduction of $3.0 million in Q3, and is
recorded in Other Liabilities
Change in ACL - Loans
$13,955 $223,277
▪ The remaining fair value accretion on acquired loans is
$24.9 million inclusive of credit and interest rate marks
Net Charge- Provision Exp. ACL - Loans
offs 2022 2022¹ 12/31/2022
Decrease
$22,495
$5,000
$205,782
Net Charge- Provision Exp. ACL - Loans
offs YTD 2023 YTD 9/30/2023
¹Reflects $14 million for CECL Day 1 non-PCD loans. Total provision expense for 2022
of $16.8 million also includes $2.8 million for Level One's unfunded commitments.
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