UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------------
FORM 13F
------------------------------
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2008
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: TERRY L BLAKER
Address: 200 EAST JACKSON STREET
MUNCIE, IN 47305
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 L Blaker
Title: Senior Vice President
Phone: (765) 747-1570
Signature, Place, and Date of Signing:
Terry L Blaker Muncie, IN April 4, 2008
Report Type (Check only one.):
[X] 13F HOLDING REPORT.
[ ] 13F NOTICE.
[ ] COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
Form 13F Information Table Entry Total: 233
Form 13F Information Table Value Total: $289,437,000
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 LTD CLASS A COM G1150G111 611 17375 SH SOLE 16975 300 100
ACCENTURE LTD CLASS A COM G1150G111 19 550 SH DEFINED 550 0 0
INGERSOLL RAND CL A COM G4776G101 4378 98235 SH SOLE 96285 1500 450
INGERSOLL RAND CL A COM G4776G101 167 3755 SH DEFINED 3755 0 0
TRANSOCEAN COM G90073100 405 2993 SH SOLE 2612 381 0
TRANSOCEAN COM G90073100 9 68 SH DEFINED 68 0 0
AFLAC INC COM 001055102 805 12395 SH SOLE 12070 225 100
AFLAC INC COM 001055102 24 375 SH DEFINED 375 0 0
AT&T INC COM 00206R102 4215 110094 SH SOLE 109662 0 432
AT&T INC COM 00206R102 328 8565 SH DEFINED 5180 0 3385
ABBOTT LABS COM 002824100 4392 79639 SH SOLE 78289 1050 300
ABBOTT LABS COM 002824100 331 6002 SH DEFINED 5402 0 600
ALCOA INC COM 013817101 1224 33937 SH SOLE 32387 1550 0
ALCOA INC COM 013817101 68 1875 SH DEFINED 1875 0 0
AMERICAN INTERNATIONAL GRP COM 026874107 845 19543 SH SOLE 19543 0 0
AMERICAN INTERNATIONAL GRP COM 026874107 78 1800 SH DEFINED 1800 0 0
APACHE CORP COM 037411105 764 6326 SH SOLE 5926 400 0
APACHE CORP COM 037411105 9 75 SH DEFINED 75 0 0
AUTOMATIC DATA PROCESSING COM 053015103 5122 120869 SH SOLE 118869 1450 550
AUTOMATIC DATA PROCESSING COM 053015103 37 875 SH DEFINED 875 0 0
BB & T CORPORATION COM 054937107 424 13245 SH SOLE 11945 300 1000
BB & T CORPORATION COM 054937107 34 1075 SH DEFINED 1075 0 0
BJ SERVICES CO COM 055482103 212 7430 SH SOLE 7430 0 0
BJ SERVICES CO COM 055482103 11 380 SH DEFINED 380 0 0
BP PLC - SPONS ADR 055622104 5280 87051 SH SOLE 85651 1100 300
BP PLC - SPONS ADR 055622104 881 14527 SH DEFINED 4010 0 10517
BALL CORP COM 058498106 2718 59175 SH SOLE 59175 0 0
BANK OF AMERICA CORP COM 060505104 4115 108584 SH SOLE 105884 1000 1700
BANK OF AMERICA CORP COM 060505104 87 2300 SH DEFINED 1800 0 500
BANK OF NEW YORK MELLON CORPCOM 064058100 879 21058 SH SOLE 20558 400 100
BANK OF NEW YORK MELLON CORPCOM 064058100 25 602 SH DEFINED 602 0 0
BAXTER INTERNATIONAL INC COM 071813109 1230 21280 SH SOLE 20930 350 0
BAXTER INTERNATIONAL INC COM 071813109 8 145 SH DEFINED 145 0 0
BECTON DICKINSON & CO COM 075887109 206 2400 SH SOLE 2400 0 0
BED BATH & BEYOND COM 075896100 402 13640 SH SOLE 13340 300 0
BED BATH & BEYOND COM 075896100 32 1070 SH DEFINED 1070 0 0
BEST BUY COMPANY INC COM 086516101 830 20029 SH SOLE 20029 0 0
BEST BUY COMPANY INC COM 086516101 36 875 SH DEFINED 875 0 0
CATERPILLAR INC. COM 149123101 1607 20527 SH SOLE 19877 650 0
CATERPILLAR INC. COM 149123101 12 150 SH DEFINED 150 0 0
CHEVRON CORP COM 166764100 8896 104221 SH SOLE 101771 1000 1450
CHEVRON CORP COM 166764100 274 3215 SH DEFINED 3215 0 0
CHUBB CORP COM 171232101 277 5590 SH SOLE 5590 0 0
CHUBB CORP COM 171232101 20 400 SH DEFINED 400 0 0
CISCO SYSTEMS COM 17275R102 2623 108880 SH SOLE 107380 1100 400
CISCO SYSTEMS COM 17275R102 38 1595 SH DEFINED 1595 0 0
CITIGROUP INC COM 172967101 255 11899 SH SOLE 10899 0 1000
CITIGROUP INC COM 172967101 10 466 SH DEFINED 66 0 400
COCA COLA CO COM 191216100 1732 28459 SH SOLE 28459 0 0
COCA COLA CO COM 191216100 146 2400 SH DEFINED 2400 0 0
COLGATE PALMOLIVE CO COM 194162103 1907 24486 SH SOLE 23236 1150 100
COLGATE PALMOLIVE CO COM 194162103 144 1850 SH DEFINED 250 0 1600
CONOCOPHILLIPS COM 20825C104 4138 54302 SH SOLE 53252 900 150
CONOCOPHILLIPS COM 20825C104 196 2575 SH DEFINED 2575 0 0
COVANCE INC COM 222816100 1195 14405 SH SOLE 13605 700 100
COVANCE INC COM 222816100 39 475 SH DEFINED 475 0 0
CULLEN FROST BANKERS COM 229899109 204 3850 SH SOLE 3400 450 0
CULLEN FROST BANKERS COM 229899109 8 160 SH DEFINED 160 0 0
DNP SELECT INCOME FUND 23325P104 838 76939 SH SOLE 74909 1030 1000
DNP SELECT INCOME FUND 23325P104 111 10210 SH DEFINED 10210 0 0
DANAHER CORP COM 235851102 1581 20800 SH SOLE 20100 600 100
DANAHER CORP COM 235851102 61 800 SH DEFINED 800 0 0
DEERE & CO COM 244199105 753 9355 SH SOLE 8655 700 0
DEERE & CO COM 244199105 52 650 SH DEFINED 650 0 0
DELL INC COM 24702R101 477 23965 SH SOLE 23965 0 0
DISNEY WALT COMPANY COM 254687106 2148 68465 SH SOLE 68390 75 0
DISNEY WALT COMPANY COM 254687106 9 300 SH DEFINED 300 0 0
DOW CHEM CO COM 260543103 1775 48190 SH SOLE 47340 600 250
DOW CHEM CO COM 260543103 61 1650 SH DEFINED 750 0 900
DU PONT E I DE NEMOURS COM 263534109 898 19202 SH SOLE 18452 750 0
DU PONT E I DE NEMOURS COM 263534109 22 470 SH DEFINED 470 0 0
EMERSON ELEC CO COM 291011104 5518 107253 SH SOLE 106053 800 400
EMERSON ELEC CO COM 291011104 164 3185 SH DEFINED 3185 0 0
EXELON CORP COM 30161N101 882 10849 SH SOLE 10849 0 0
EXXON MOBIL CORP COM 30231G102 11537 136403 SH SOLE 134611 1342 450
EXXON MOBIL CORP COM 30231G102 893 10563 SH DEFINED 9571 0 992
FPL GROUP INC COM 302571104 1882 30000 SH SOLE 26700 1300 2000
FPL GROUP INC COM 302571104 85 1360 SH DEFINED 1360 0 0
FIRST MERCHANTS CORP COM 320817109 3133 109787 SH SOLE 108685 1102 0
FIRST MERCHANTS CORP COM 320817109 459 16074 SH DEFINED 16074 0 0
GENERAL ELEC CO COM 369604103 10591 286241 SH SOLE 281491 3300 1450
GENERAL ELEC CO COM 369604103 714 19285 SH DEFINED 13585 0 5700
GOLDMAN SACHS GROUP COM 38141G104 920 5561 SH SOLE 5261 300 0
GOLDMAN SACHS GROUP COM 38141G104 33 200 SH DEFINED 200 0 0
GRACO INC COM 384109104 812 22410 SH SOLE 22410 0 0
GRACO INC COM 384109104 12 325 SH DEFINED 325 0 0
HARRIS CORP DEL COM 413875105 1291 26615 SH SOLE 25840 775 0
HARRIS CORP DEL COM 413875105 22 445 SH DEFINED 445 0 0
HARSCO CORP COM 415864107 1290 23300 SH SOLE 23300 0 0
HEWLETT PACKARD CO COM 428236103 3065 67144 SH SOLE 66744 0 400
HEWLETT PACKARD CO COM 428236103 165 3625 SH DEFINED 3625 0 0
HONEYWELL INTL INC COM 438516106 233 4125 SH SOLE 4125 0 0
ILLINOIS TOOL WORKS INC COM 452308109 215 4450 SH SOLE 4450 0 0
INTEL CORP COM 458140100 4179 197286 SH SOLE 193986 2700 600
INTEL CORP COM 458140100 166 7850 SH DEFINED 7850 0 0
INTL BUSINESS MACHINES CORP COM 459200101 3634 31563 SH SOLE 30763 650 150
INTL BUSINESS MACHINES CORP COM 459200101 80 695 SH DEFINED 695 0 0
ISHARES LEHMAN AGGREGATE BOND FUND 464287226 413 4020 SH SOLE 3950 70 0
MSCI EMERGING MARKET INDEX 464287234 383 2850 SH SOLE 2850 0 0
MSCI EAFE INDEX SHARES 464287465 7538 104840 SH SOLE 102310 1520 1010
MSCI EAFE INDEX SHARES 464287465 165 2298 SH DEFINED 2298 0 0
BIOTECHNOLOGY I SHARES COM 464287556 1781 23505 SH SOLE 22635 820 50
BIOTECHNOLOGY I SHARES COM 464287556 30 390 SH DEFINED 390 0 0
S&P 400 MIDCAP GROWTH ISHARES 464287606 363 4454 SH SOLE 4454 0 0
S&P 400 MIDCAP GROWTH ISHARES 464287606 32 395 SH DEFINED 395 0 0
ISHARES RUSSELL 2000 I SHARES 464287655 2277 33338 SH SOLE 31688 1195 455
ISHARES RUSSELL 2000 I SHARES 464287655 133 1951 SH DEFINED 1951 0 0
S&P 400 MIDCAP VALUE ISHARES 464287705 340 4660 SH SOLE 4660 0 0
S&P 400 MIDCAP VALUE ISHARES 464287705 33 450 SH DEFINED 450 0 0
I SHARES S&P SMALL CAP 600 COM 464287804 310 5172 SH SOLE 4992 180 0
S&P 600 SMALL CAP VALUE ISHARES 464287879 451 6885 SH SOLE 6885 0 0
S&P 600 SMALL CAP VALUE ISHARES 464287879 25 385 SH DEFINED 385 0 0
S&P 600 SMALL CAP GROWTH ISHARES 464287887 510 4123 SH SOLE 4123 0 0
S&P 600 SMALL CAP GROWTH ISHARES 464287887 25 205 SH DEFINED 205 0 0
J P MORGAN CHASE & CO COM 46625H100 5929 138052 SH SOLE 136973 479 600
J P MORGAN CHASE & CO COM 46625H100 567 13200 SH DEFINED 13200 0 0
JARDEN CORPORATION COM 471109108 226 10405 SH SOLE 10405 0 0
JOHNSON & JOHNSON COM 478160104 7758 119619 SH SOLE 117794 1525 300
JOHNSON & JOHNSON COM 478160104 474 7310 SH DEFINED 6910 0 400
JOHNSON CTLS INC COM 478366107 2199 65093 SH SOLE 63743 1200 150
JOHNSON CTLS INC COM 478366107 23 675 SH DEFINED 675 0 0
KELLOGG CO COM 487836108 307 5840 SH SOLE 5840 0 0
KIMBERLY CLARK CORP COM 494368103 2905 45018 SH SOLE 44268 500 250
KIMBERLY CLARK CORP COM 494368103 7 110 SH DEFINED 110 0 0
KOHL'S CORP COM 500255104 932 21747 SH SOLE 20937 710 100
KOHL'S CORP COM 500255104 41 965 SH DEFINED 965 0 0
LILLY ELI & CO COM 532457108 5742 111298 SH SOLE 110898 100 300
LILLY ELI & CO COM 532457108 90 1750 SH DEFINED 1750 0 0
LINCOLN NATL CORP IND COM 534187109 791 15210 SH SOLE 14685 525 0
LINCOLN NATL CORP IND COM 534187109 77 1475 SH DEFINED 1475 0 0
LOEWS CORP COM 540424108 466 11588 SH SOLE 11588 0 0
LOWE'S COMPANIES INC COM 548661107 4266 186045 SH SOLE 182395 3050 600
LOWE'S COMPANIES INC COM 548661107 74 3215 SH DEFINED 2815 0 400
MASCO CORP COM 574599106 1078 54387 SH SOLE 53887 100 400
MASCO CORP COM 574599106 27 1385 SH DEFINED 1385 0 0
MCDONALDS CORP COM 580135101 822 14739 SH SOLE 14739 0 0
MCDONALDS CORP COM 580135101 89 1600 SH DEFINED 1600 0 0
MEDTRONIC INCORPORATED COM 585055106 2472 51112 SH SOLE 49887 1025 200
MEDTRONIC INCORPORATED COM 585055106 35 725 SH DEFINED 725 0 0
MICROSOFT CORPORATION COM 594918104 6015 211961 SH SOLE 207911 2850 1200
MICROSOFT CORPORATION COM 594918104 230 8090 SH DEFINED 8090 0 0
MICROCHIP TECHNOLOGY COM 595017104 1735 53025 SH SOLE 51525 1300 200
MICROCHIP TECHNOLOGY COM 595017104 63 1925 SH DEFINED 1925 0 0
S&P 400 MIDCAP SPDR 595635103 5356 37942 SH SOLE 36957 738 247
S&P 400 MIDCAP SPDR 595635103 230 1628 SH DEFINED 1628 0 0
NORTHERN TR CORP COM 665859104 287 4325 SH SOLE 4325 0 0
NORTHERN TR CORP COM 665859104 11 160 SH DEFINED 160 0 0
NORTHROP GRUMMAN CORP COM 666807102 25 320 SH SOLE 320 0 0
NORTHROP GRUMMAN CORP COM 666807102 850 10928 SH DEFINED 10928 0 0
NOVARTIS A G SPONSORED ADR 66987V109 523 10210 SH SOLE 10160 50 0
NOVARTIS A G SPONSORED ADR 66987V109 19 375 SH DEFINED 375 0 0
NUCOR CORP COM 670346105 241 3555 SH SOLE 3555 0 0
NUCOR CORP COM 670346105 18 260 SH DEFINED 260 0 0
NVIDIA CORP COM 67066G104 748 37805 SH SOLE 36205 1600 0
NUVEEN MUNI DIVIDEND ADVISOR 67070X101 148 10980 SOLE 10980 0 0
OLD NATIONAL BANCORP COM 680033107 548 30469 SH SOLE 30469 0 0
OMNICOM GROUP INC COM 681919106 209 4722 SH SOLE 4672 50 0
OMNICOM GROUP INC COM 681919106 12 275 SH DEFINED 275 0 0
ORACLE CORP COM 68389X105 1171 59910 SH SOLE 58760 1000 150
ORACLE CORP COM 68389X105 57 2930 SH DEFINED 2930 0 0
PEPSICO INC COM 713448108 8227 113947 SH SOLE 112047 1400 500
PEPSICO INC COM 713448108 441 6105 SH DEFINED 6105 0 0
PFIZER INC COM 717081103 1322 63170 SH SOLE 61770 200 1200
PFIZER INC COM 717081103 25 1210 SH DEFINED 1210 0 0
T. ROWE PRICE GROUP INC COM 74144T108 1133 22651 SH SOLE 22651 0 0
T. ROWE PRICE GROUP INC COM 74144T108 30 600 SH DEFINED 600 0 0
PRINCIPAL FINANCIAL GROUP COM 74251V102 660 11840 SH SOLE 11390 450 0
PRINCIPAL FINANCIAL GROUP COM 74251V102 19 340 SH DEFINED 340 0 0
PROCTER & GAMBLE CO COM 742718109 7492 106935 SH SOLE 105235 1450 250
PROCTER & GAMBLE CO COM 742718109 328 4685 SH DEFINED 1685 0 3000
PRUDENTIAL FINANCIAL COM 744320102 575 7349 SH SOLE 6799 550 0
PRUDENTIAL FINANCIAL COM 744320102 109 1390 SH DEFINED 1390 0 0
S&P 500 INDEX SPDR ETF 78462F103 1282 9713 SH SOLE 9713 0 0
SPDR MSCI ALL-COUNTRY WORLD EX-US INDEX ETF 78463X848 3271 86854 SH SOLE 86854 0 0
SCHLUMBERGER LTD COM 806857108 7691 88405 SH SOLE 86975 930 500
SCHLUMBERGER LTD COM 806857108 192 2204 SH DEFINED 2204 0 0
MATERIALS SELECT SECTOR SPDRCOM 81369Y100 642 15990 SH SOLE 15560 380 50
MATERIALS SELECT SECTOR SPDRCOM 81369Y100 16 400 SH DEFINED 400 0 0
SECTOR SPDR HEALTH CARE COM 81369Y209 327 10490 SH SOLE 10100 390 0
TECHNOLOGY SELECT SECTOR COM 81369Y803 326 14540 SH SOLE 14115 425 0
TECHNOLOGY SELECT SECTOR COM 81369Y803 13 580 SH DEFINED 580 0 0
SECTOR SPDR UTILITIES COM 81369Y886 536 14125 SH SOLE 14050 0 75
SECTOR SPDR UTILITIES COM 81369Y886 8 200 SH DEFINED 200 0 0
SOUTHERN CO COM 842587107 1890 53085 SH SOLE 52135 50 900
SOUTHERN CO COM 842587107 163 4580 SH DEFINED 4580 0 0
STAPLES INC COM 855030102 2320 104919 SH SOLE 102569 2050 300
STAPLES INC COM 855030102 75 3400 SH DEFINED 3400 0 0
STRYKER CORP COM 863667101 1618 24874 SH SOLE 24174 700 0
STRYKER CORP COM 863667101 16 250 SH DEFINED 250 0 0
SYSCO CORP COM 871829107 4233 145874 SH SOLE 143024 2650 200
SYSCO CORP COM 871829107 160 5500 SH DEFINED 5500 0 0
TARGET CORP COM 87612E106 3611 71248 SH SOLE 69698 1150 400
TARGET CORP COM 87612E106 57 1115 SH DEFINED 1115 0 0
TEVA PHARMACEUTICAL ADR 881624209 604 13075 SH SOLE 12575 500 0
TEVA PHARMACEUTICAL ADR 881624209 62 1345 SH DEFINED 1345 0 0
TEXAS INSTRS INC COM 882508104 826 29225 SH SOLE 29225 0 0
TEXAS INSTRS INC COM 882508104 11 375 SH DEFINED 375 0 0
THERMO FISHER SCIENTIFIC INCCOM 883556102 739 13000 SH SOLE 12500 500 0
3M COMPANY COM 88579Y101 1191 15046 SH SOLE 14796 250 0
3M COMPANY COM 88579Y101 202 2550 SH DEFINED 350 0 2200
US BANCORP DEL COM 902973304 3805 117581 SH SOLE 113881 2250 1450
US BANCORP DEL COM 902973304 41 1260 SH DEFINED 1260 0 0
UNITED PARCEL SERVICE COM 911312106 858 11755 SH SOLE 11755 0 0
UNITED PARCEL SERVICE COM 911312106 84 1150 SH DEFINED 1150 0 0
UNITED TECHNOLOGIES CORP COM 913017109 8009 116395 SH SOLE 114195 1700 500
UNITED TECHNOLOGIES CORP COM 913017109 109 1585 SH DEFINED 1585 0 0
UNITEDHEALTH GROUP INC COM 91324P102 757 22029 SH SOLE 22029 0 0
UNITEDHEALTH GROUP INC COM 91324P102 3 100 SH DEFINED 100 0 0
VF CORP COM 918204108 353 4555 SH SOLE 4230 225 100
VF CORP COM 918204108 12 150 SH DEFINED 150 0 0
VANGUARD TELECOM VIPER COM 92204A884 730 11805 SH SOLE 11505 300 0
VANGUARD TELECOM VIPER COM 92204A884 17 270 SH DEFINED 270 0 0
VNGRD FTSE ALLWORLD EXUS ETF 922042775 1787 33154 SH SOLE 33154 0 0
VECTREN CORP COM 92240G101 2063 76921 SH SOLE 74782 1939 200
VECTREN CORP COM 92240G101 94 3500 SH DEFINED 2435 0 1065
VERIZON COMMUNICATIONS INC COM 92343V104 2781 76303 SH SOLE 75503 550 250
VERIZON COMMUNICATIONS INC COM 92343V104 33 913 SH DEFINED 913 0 0
WACHOVIA CORP COM 929903102 1703 63081 SH SOLE 62831 100 150
WACHOVIA CORP COM 929903102 116 4300 SH DEFINED 4300 0 0
WAL MART STORES INC COM 931142103 3740 71002 SH SOLE 70402 300 300
WAL MART STORES INC COM 931142103 211 4000 SH DEFINED 4000 0 0
WALGREEN COMPANY COM 931422109 480 12600 SH SOLE 12550 50 0
WALGREEN COMPANY COM 931422109 36 940 SH DEFINED 940 0 0
WELLS FARGO & CO COM 949746101 7088 243661 SH SOLE 240561 2100 1000
WELLS FARGO & CO COM 949746101 187 6425 SH DEFINED 5225 0 1200
WEYERHAEUSER CO COM 962166104 2140 32908 SH SOLE 32508 300 100
WEYERHAEUSER CO COM 962166104 7 100 SH DEFINED 100 0 0
WM WRIGLEY JR CO COM 982526105 361 5750 SH SOLE 5700 50 0
WM WRIGLEY JR CO COM 982526105 6 100 SH DEFINED 100 0 0
WYETH COM 983024100 2249 53872 SH SOLE 53472 0 400
WYETH COM 983024100 100 2400 SH DEFINED 0 0 2400
ZIMMER HLDGS INC COM 98956P102 572 7344 SH SOLE 7019 325 0
ZIMMER HLDGS INC COM 98956P102 37 480 SH DEFINED 480 0 0
GRAND TOTALS 289437 6333559 6191150 77081 65328