UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------------ FORM 13F ------------------------------ FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: First Merchants Bank, National Association Address: 200 East Jackson Street Muncie, IN 47305 Form 13F File Number: 28- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person signing this Report on Behalf of Reporting Manager: Name: Terry Blaker Title: Senior Vice President Phone: (765) 747-1570 Signature, Place, and Date of Signing: Terry L Blaker Muncie, IN January 12, 2011 Report Type (Check only one.): [X] 13F HOLDING REPORT. [ ] 13F NOTICE. [ ] COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 233 Form 13F Information Table Value Total: $233,407,000 List of Other Included Managers: None FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE -------------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ACCENTURE PLC ADR G1151C101 2159 44519 SH SOLE 44219 300 0 ACCENTURE PLC ADR G1151C101 217 4470 SH DEFINED 4470 0 0 NOBLE CORPORATION COM H5833N103 987 27591 SH SOLE 27516 75 0 NOBLE CORPORATION COM H5833N103 83 2310 SH DEFINED 2310 0 0 TRANSOCEAN LTD COM H8817H100 568 8171 SH SOLE 7867 304 0 TRANSOCEAN LTD COM H8817H100 39 563 SH DEFINED 563 0 0 AT&T INC COM 00206R102 4101 139577 SH SOLE 139270 75 232 AT&T INC COM 00206R102 319 10847 SH DEFINED 7462 0 3385 ABBOTT LABS COM 002824100 3289 68672 SH SOLE 67572 1000 100 ABBOTT LABS COM 002824100 324 6770 SH DEFINED 6170 0 600 ADOBE SYSTEMS INC COM 00724F101 1049 34104 SH SOLE 33354 750 0 ADOBE SYSTEMS INC COM 00724F101 43 1389 SH DEFINED 1389 0 0 ALLIANT CORP COM 018802108 1596 43408 SH SOLE 42433 975 0 ALLIANT CORP COM 018802108 193 5251 SH DEFINED 4801 0 450 APACHE CORP COM 037411105 1669 14000 SH SOLE 13575 425 0 APACHE CORP COM 037411105 72 605 SH DEFINED 605 0 0 AUTOMATIC DATA PROCESSING COM 053015103 3954 85461 SH SOLE 84186 1125 150 AUTOMATIC DATA PROCESSING COM 053015103 343 7420 SH DEFINED 7170 0 250 BB & T CORPORATION COM 054937107 406 15450 SH SOLE 15450 0 0 BB & T CORPORATION COM 054937107 30 1155 SH DEFINED 155 0 1000 BP PLC - SPONS ADR 055622104 338 7660 SH SOLE 7660 0 0 BP PLC - SPONS ADR 055622104 264 5978 SH DEFINED 2278 0 3700 BAKER HUGHES INC COM 057224107 1762 30828 SH SOLE 30228 600 0 BAKER HUGHES INC COM 057224107 169 2955 SH DEFINED 2955 0 0 BALL CORP COM 058498106 2389 35115 SH SOLE 35115 0 0 BALL CORP COM 058498106 14 200 SH DEFINED 200 0 0 BANK OF NEW YORK MELLON CORPCOM 064058100 1499 49639 SH SOLE 48064 1575 0 BANK OF NEW YORK MELLON CORPCOM 064058100 182 6043 SH DEFINED 6043 0 0 BAXTER INTERNATIONAL INC COM 071813109 1853 36621 SH SOLE 35831 760 30 BAXTER INTERNATIONAL INC COM 071813109 216 4265 SH DEFINED 4015 0 250 BECTON DICKINSON & CO COM 075887109 1903 22514 SH SOLE 22104 380 30 BECTON DICKINSON & CO COM 075887109 178 2108 SH DEFINED 1958 0 150 BED BATH & BEYOND COM 075896100 1458 29659 SH SOLE 29159 500 0 BED BATH & BEYOND COM 075896100 56 1135 SH DEFINED 1135 0 0 BEST BUY COMPANY INC COM 086516101 1263 36845 SH SOLE 36230 615 0 BEST BUY COMPANY INC COM 086516101 44 1283 SH DEFINED 1283 0 0 BRISTOL-MYERS SQUIBB COM 110122108 219 8281 SH SOLE 8281 0 0 BRISTOL-MYERS SQUIBB COM 110122108 74 2800 SH DEFINED 1800 0 1000 CATERPILLAR INC. COM 149123101 413 4405 SH SOLE 4355 50 0 CATERPILLAR INC. COM 149123101 24 256 SH DEFINED 256 0 0 CHEVRON CORP COM 166764100 4957 54321 SH SOLE 53221 750 350 CHEVRON CORP COM 166764100 534 5855 SH DEFINED 4855 0 1000 CHUBB CORP COM 171232101 2281 38256 SH SOLE 37506 750 0 CHUBB CORP COM 171232101 291 4877 SH DEFINED 4677 0 200 CISCO SYSTEMS COM 17275R102 1936 95766 SH SOLE 93966 1600 200 CISCO SYSTEMS COM 17275R102 85 4225 SH DEFINED 4225 0 0 CITY NATIONAL COM 178566105 399 6510 SH SOLE 6160 350 0 CITY NATIONAL COM 178566105 13 215 SH DEFINED 215 0 0 COCA COLA CO COM 191216100 1445 21973 SH SOLE 21973 0 0 COCA COLA CO COM 191216100 273 4150 SH DEFINED 4150 0 0 COLGATE PALMOLIVE CO COM 194162103 1478 18385 SH SOLE 17835 550 0 COLGATE PALMOLIVE CO COM 194162103 201 2500 SH DEFINED 900 0 1600 CONOCOPHILLIPS COM 20825C104 1620 23792 SH SOLE 22892 900 0 CONOCOPHILLIPS COM 20825C104 679 9970 SH DEFINED 8970 0 1000 CULLEN FROST BANKERS COM 229899109 1193 19525 SH SOLE 19125 400 0 CULLEN FROST BANKERS COM 229899109 181 2955 SH DEFINED 2755 0 200 DNP SELECT INCOME FUND 23325P104 149 16289 SH SOLE 16289 0 0 DNP SELECT INCOME FUND 23325P104 42 4550 SH DEFINED 4550 0 0 DANAHER CORP COM 235851102 1321 28010 SH SOLE 27360 650 0 DANAHER CORP COM 235851102 47 1000 SH DEFINED 1000 0 0 DEERE & CO COM 244199105 143 1725 SH SOLE 1725 0 0 DEERE & CO COM 244199105 365 4400 SH DEFINED 4400 0 0 DISNEY WALT COMPANY COM 254687106 343 9154 SH SOLE 9079 75 0 DISNEY WALT COMPANY COM 254687106 113 3000 SH DEFINED 3000 0 0 DONALDSON INC COM 257651109 679 11655 SH SOLE 11115 500 40 DONALDSON INC COM 257651109 93 1600 SH DEFINED 1600 0 0 DU PONT E I DE NEMOURS COM 263534109 893 17907 SH SOLE 17157 750 0 DU PONT E I DE NEMOURS COM 263534109 67 1350 SH DEFINED 1150 0 200 ECOLAB INC COM 278865100 1225 24310 SH SOLE 23810 500 0 ECOLAB INC COM 278865100 144 2860 SH DEFINED 2860 0 0 EMERSON ELEC CO COM 291011104 3368 58919 SH SOLE 58119 700 100 EMERSON ELEC CO COM 291011104 505 8827 SH DEFINED 6577 0 2250 ENDO PHARM HLDG INC COM 29264F205 1198 33545 SH SOLE 32645 900 0 ENDO PHARM HLDG INC COM 29264F205 20 565 SH DEFINED 565 0 0 EXXON MOBIL CORP COM 30231G102 6785 92788 SH SOLE 91798 840 150 EXXON MOBIL CORP COM 30231G102 1064 14547 SH DEFINED 11499 0 3048 FIRST MERCHANTS CORP COM 320817109 123 13929 SH SOLE 13929 0 0 FIRST MERCHANTS CORP COM 320817109 9 1059 SH DEFINED 1059 0 0 FLOWERS FOOD INC COM 343498101 547 20317 SH SOLE 20317 0 0 FLOWERS FOOD INC COM 343498101 31 1158 SH DEFINED 1158 0 0 GENERAL ELECTRIC CO COM 369604103 2676 146398 SH SOLE 143248 2250 900 GENERAL ELECTRIC CO COM 369604103 236 12900 SH DEFINED 10500 0 2400 GRACO INC COM 384109104 1623 41132 SH SOLE 40457 575 100 GRACO INC COM 384109104 33 845 SH DEFINED 845 0 0 HCC INSURANCE HLDGS COM 404132102 1232 42604 SH SOLE 42504 100 0 HCC INSURANCE HLDGS COM 404132102 56 1920 SH DEFINED 1920 0 0 HARRIS CORP DEL COM 413875105 1977 43660 SH SOLE 43000 660 0 HARRIS CORP DEL COM 413875105 169 3725 SH DEFINED 3475 0 250 HEINZ H J CO COM 423074103 82 1650 SH SOLE 1650 0 0 HEINZ H J CO COM 423074103 124 2500 SH DEFINED 1000 0 1500 HENRY JACK & ASSOCIATES COM 426281101 1059 36329 SH SOLE 36329 0 0 HENRY JACK & ASSOCIATES COM 426281101 45 1530 SH DEFINED 1530 0 0 HEWLETT PACKARD CO COM 428236103 1386 32919 SH SOLE 32719 0 200 HEWLETT PACKARD CO COM 428236103 100 2380 SH DEFINED 2380 0 0 HORMEL FOODS CORP COM 440452100 738 14398 SH SOLE 14398 0 0 HORMEL FOODS CORP COM 440452100 18 360 SH DEFINED 360 0 0 ITT CORPORATION COM 450911102 1736 33312 SH SOLE 32612 700 0 ITT CORPORATION COM 450911102 144 2755 SH DEFINED 2755 0 0 INTEL CORP COM 458140100 1850 87992 SH SOLE 84892 2700 400 INTEL CORP COM 458140100 224 10675 SH DEFINED 9675 0 1000 INTL BUSINESS MACHINES CORP COM 459200101 2146 14621 SH SOLE 14446 175 0 INTL BUSINESS MACHINES CORP COM 459200101 33 225 SH DEFINED 225 0 0 S&P 500 INDEX I SHARES 464287200 211 1675 SH SOLE 1675 0 0 I SHARES BARCLAYS AGGREGATE 464287226 1735 16410 SH SOLE 16410 0 0 MSCI EMERGING MARKET INDEX 464287234 402 8428 SH SOLE 8428 0 0 MSCI EAFE INDEX SHARES 464287465 3117 53530 SH SOLE 52155 1225 150 MSCI EAFE INDEX SHARES 464287465 28 483 SH DEFINED 483 0 0 BIOTECHNOLOGY I SHARES COM 464287556 1121 12000 SH SOLE 11675 325 0 BIOTECHNOLOGY I SHARES COM 464287556 133 1425 SH DEFINED 1425 0 0 S&P 400 MIDCAP GROWTH ISHARES 464287606 6858 68092 SH SOLE 67276 816 0 S&P 400 MIDCAP GROWTH ISHARES 464287606 221 2192 SH DEFINED 2192 0 0 ISHARES RUSSELL 2000 VAL 464287630 392 5510 SH SOLE 5510 0 0 ISHARES RUSSELL 2000 I SHARES 464287655 945 12072 SH SOLE 11652 420 0 ISHARES RUSSELL 2000 I SHARES 464287655 22 285 SH DEFINED 285 0 0 S&P 400 MIDCAP VALUE ISHARES 464287705 7680 96649 SH SOLE 95689 638 322 S&P 400 MIDCAP VALUE ISHARES 464287705 245 3086 SH DEFINED 3086 0 0 I SHARES S&P SMALL CAP 600 COM 464287804 2731 39890 SH SOLE 38699 855 336 I SHARES S&P SMALL CAP 600 COM 464287804 120 1755 SH DEFINED 1755 0 0 S&P 600 SMALL CAP VALUE ISHARES 464287879 3242 45100 SH SOLE 44114 694 292 S&P 600 SMALL CAP VALUE ISHARES 464287879 73 1019 SH DEFINED 1019 0 0 S&P 600 SMALL CAP GROWTH ISHARES 464287887 3978 54803 SH SOLE 54514 289 0 S&P 600 SMALL CAP GROWTH ISHARES 464287887 72 995 SH DEFINED 995 0 0 J P MORGAN CHASE & CO COM 46625H100 4278 100880 SH SOLE 100580 100 200 J P MORGAN CHASE & CO COM 46625H100 531 12513 SH DEFINED 12513 0 0 JARDEN CORPORATION COM 471109108 94 3055 SH SOLE 3055 0 0 JARDEN CORPORATION COM 471109108 139 4500 SH DEFINED 4500 0 0 JOHNSON & JOHNSON COM 478160104 4343 70216 SH SOLE 69016 1200 0 JOHNSON & JOHNSON COM 478160104 503 8138 SH DEFINED 5338 0 2800 KELLOGG CO COM 487836108 242 4740 SH SOLE 4740 0 0 KIMBERLY CLARK CORP COM 494368103 1326 21040 SH SOLE 20440 500 100 KIMBERLY CLARK CORP COM 494368103 325 5150 SH DEFINED 4150 0 1000 KOHL'S CORP COM 500255104 2213 40731 SH SOLE 39851 850 30 KOHL'S CORP COM 500255104 202 3720 SH DEFINED 3720 0 0 LABORATORY CORP COM 50540R409 313 3560 SH SOLE 3535 25 0 LABORATORY CORP COM 50540R409 26 300 SH DEFINED 300 0 0 LILLY ELI & CO COM 532457108 1415 40393 SH SOLE 40193 0 200 LILLY ELI & CO COM 532457108 35 1002 SH DEFINED 1002 0 0 LOWE'S COMPANIES INC COM 548661107 3072 122547 SH SOLE 120622 1825 100 LOWE'S COMPANIES INC COM 548661107 366 14615 SH DEFINED 14615 0 0 MDU RES GROUP INC COM 552690109 1563 77130 SH SOLE 75455 1675 0 MDU RES GROUP INC COM 552690109 185 9120 SH DEFINED 8320 0 800 MASCO CORP COM 574599106 739 58410 SH SOLE 58310 100 0 MASCO CORP COM 574599106 47 3685 SH DEFINED 3685 0 0 MCDONALDS CORP COM 580135101 383 4995 SH SOLE 4995 0 0 MCDONALDS CORP COM 580135101 61 800 SH DEFINED 800 0 0 MEDTRONIC INCORPORATED COM 585055106 818 22060 SH SOLE 21135 825 100 MEDTRONIC INCORPORATED COM 585055106 32 850 SH DEFINED 850 0 0 MERCK & CO INC COM 58933Y105 568 15768 SH SOLE 15768 0 0 MERCK & CO INC COM 58933Y105 270 7500 SH DEFINED 6900 0 600 MICROSOFT CORPORATION COM 594918104 2190 78496 SH SOLE 77046 1450 0 MICROSOFT CORPORATION COM 594918104 349 12500 SH DEFINED 11500 0 1000 MICROCHIP TECHNOLOGY COM 595017104 2358 68933 SH SOLE 67428 1405 100 MICROCHIP TECHNOLOGY COM 595017104 338 9885 SH DEFINED 8485 0 1400 NATIONAL OILWELL VARCO COM 637071101 547 8135 SH SOLE 8135 0 0 NATIONAL OILWELL VARCO COM 637071101 45 675 SH DEFINED 675 0 0 NEXTERA ENERGY INC COM 65339F101 482 9275 SH SOLE 9225 50 0 NEXTERA ENERGY INC COM 65339F101 226 4350 SH DEFINED 2350 0 2000 NORTHERN TR CORP COM 665859104 1943 35079 SH SOLE 34379 700 0 NORTHERN TR CORP COM 665859104 235 4235 SH DEFINED 3985 0 250 NORTHROP GRUMMAN CORP COM 666807102 21 320 SH SOLE 320 0 0 NORTHROP GRUMMAN CORP COM 666807102 324 5000 SH DEFINED 5000 0 0 NOVARTIS A G SPONSORED ADR 66987V109 500 8480 SH SOLE 8430 50 0 NOVARTIS A G SPONSORED ADR 66987V109 130 2200 SH DEFINED 2200 0 0 NUCOR CORP COM 670346105 727 16603 SH SOLE 16328 275 0 NUCOR CORP COM 670346105 166 3780 SH DEFINED 2780 0 1000 NVIDIA CORP COM 67066G104 1176 76368 SH SOLE 74768 1600 0 NVIDIA CORP COM 67066G104 113 7335 SH DEFINED 7335 0 0 OLD NATIONAL BANCORP COM 680033107 139 11658 SH SOLE 11658 0 0 OMNICOM GROUP INC COM 681919106 245 5340 SH SOLE 5265 75 0 OMNICOM GROUP INC COM 681919106 2 50 SH DEFINED 50 0 0 ORACLE CORP COM 68389X105 965 30845 SH SOLE 29845 1000 0 ORACLE CORP COM 68389X105 39 1240 SH DEFINED 1240 0 0 OWENS & MINOR INC COM 690732102 563 19122 SH SOLE 19122 0 0 OWENS & MINOR INC COM 690732102 15 515 SH DEFINED 515 0 0 PEOPLE'S UNITED FINANCIAL COM 712704105 870 62100 SH SOLE 61800 300 0 PEOPLE'S UNITED FINANCIAL COM 712704105 69 4890 SH DEFINED 4890 0 0 PEPSICO INC COM 713448108 4140 63378 SH SOLE 62428 825 125 PEPSICO INC COM 713448108 250 3825 SH DEFINED 2675 0 1150 PFIZER INC COM 717081103 1074 61394 SH SOLE 61096 200 98 PFIZER INC COM 717081103 115 6583 SH DEFINED 5583 0 1000 PHILLIP MORRIS INTL INC COM 718172109 149 2552 SH SOLE 2552 0 0 PHILLIP MORRIS INTL INC COM 718172109 250 4275 SH DEFINED 1775 0 2500 T. ROWE PRICE GROUP INC COM 74144T108 1925 29821 SH SOLE 29796 25 0 T. ROWE PRICE GROUP INC COM 74144T108 105 1632 SH DEFINED 1632 0 0 PROCTER & GAMBLE CO COM 742718109 3921 60956 SH SOLE 59931 925 100 PROCTER & GAMBLE CO COM 742718109 626 9736 SH DEFINED 7236 0 2500 ROBERT HALF INTERNATIONAL COM 770323103 329 10750 SH SOLE 10750 0 0 ROBERT HALF INTERNATIONAL COM 770323103 43 1400 SH DEFINED 1400 0 0 S&P 500 INDEX SPDR 78462F103 2244 17847 SH SOLE 17009 838 0 S&P 500 INDEX SPDR 78462F103 97 769 SH DEFINED 769 0 0 SPDR MSCI ALL-COUNTRY WORLD EX-US INDEX ETF 78463X848 2904 85667 SH SOLE 85667 0 0 SPDR S&P MIDCAP 400 ETF TR 78467Y107 6912 41973 SH SOLE 41092 634 247 SPDR S&P MIDCAP 400 ETF TR 78467Y107 347 2105 SH DEFINED 2105 0 0 SCHLUMBERGER LTD COM 806857108 4082 48883 SH SOLE 48153 630 100 SCHLUMBERGER LTD COM 806857108 422 5059 SH DEFINED 5059 0 0 MATERIALS SELECT SECTOR SPDRCOM 81369Y100 701 18262 SH SOLE 18212 0 50 MATERIALS SELECT SECTOR SPDRCOM 81369Y100 27 707 SH DEFINED 707 0 0 THE J.M. SMUCKER COMPANY COM 832696405 1693 25786 SH SOLE 25296 490 0 THE J.M. SMUCKER COMPANY COM 832696405 226 3436 SH DEFINED 3436 0 0 SOUTHERN CO COM 842587107 949 24835 SH SOLE 24785 50 0 SOUTHERN CO COM 842587107 295 7730 SH DEFINED 6730 0 1000 STAPLES INC COM 855030102 1927 84624 SH SOLE 82949 1600 75 STAPLES INC COM 855030102 156 6830 SH DEFINED 6230 0 600 STRYKER CORP COM 863667101 1666 31018 SH SOLE 30318 700 0 STRYKER CORP COM 863667101 134 2487 SH DEFINED 2487 0 0 SUPERVALU INC COM 868536103 488 50715 SH SOLE 50590 125 0 SUPERVALU INC COM 868536103 17 1775 SH DEFINED 1775 0 0 SYSCO CORP COM 871829107 3044 103578 SH SOLE 101198 2180 200 SYSCO CORP COM 871829107 340 11558 SH DEFINED 11158 0 400 TEVA PHARMACEUTICAL ADR 881624209 280 5380 SH SOLE 4880 500 0 TEVA PHARMACEUTICAL ADR 881624209 109 2090 SH DEFINED 2090 0 0 3M COMPANY COM 88579Y101 1890 21895 SH SOLE 21570 325 0 3M COMPANY COM 88579Y101 309 3575 SH DEFINED 1375 0 2200 US BANCORP DEL COM 902973304 1639 60782 SH SOLE 58832 1800 150 US BANCORP DEL COM 902973304 44 1620 SH DEFINED 620 0 1000 UNITED PARCEL SERVICE COM 911312106 359 4942 SH SOLE 4942 0 0 UNITED PARCEL SERVICE COM 911312106 80 1100 SH DEFINED 1100 0 0 UNITED TECHNOLOGIES CORP COM 913017109 4332 55025 SH SOLE 54225 800 0 UNITED TECHNOLOGIES CORP COM 913017109 447 5680 SH DEFINED 5480 0 200 VF CORP COM 918204108 1164 13509 SH SOLE 13249 235 25 VF CORP COM 918204108 183 2120 SH DEFINED 1970 0 150 VNGRD FTSE ALLWORLD EXUS ETF 922042775 9778 204914 SH SOLE 201680 2509 725 VNGRD FTSE ALLWORLD EXUS ETF 922042775 182 3808 SH DEFINED 3808 0 0 VECTREN CORP COM 92240G101 2107 83068 SH SOLE 81618 1450 0 VECTREN CORP COM 92240G101 276 10898 SH DEFINED 8998 0 1900 VERIZON COMMUNICATIONS INC COM 92343V104 1970 55072 SH SOLE 54422 550 100 VERIZON COMMUNICATIONS INC COM 92343V104 176 4908 SH DEFINED 4908 0 0 WAL MART STORES INC COM 931142103 1748 32420 SH SOLE 32095 325 0 WAL MART STORES INC COM 931142103 208 3850 SH DEFINED 3850 0 0 WELLS FARGO & CO COM 949746101 1545 49865 SH SOLE 48665 1200 0 WELLS FARGO & CO COM 949746101 225 7250 SH DEFINED 5450 0 1800 ZIMMER HLDGS INC COM 98956P102 212 3957 SH SOLE 3622 335 0 ZIMMER HLDGS INC COM 98956P102 68 1270 SH DEFINED 1270 0 0 GRAND TOTALS 233407 5073062 4948070 65402 59590