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Regulatory Capital and Dividends - Schedule of Actual and Required Capital (Details)
$ in Thousands
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Total risk-based capital to risk-weighted assets    
Actual $ 1,882,254 $ 1,582,481
Basel III Minimum Capital Required 1,511,230 1,193,840
Tier 1 capital to risk-weighted assets    
Actual 1,558,281 1,374,240
Basel III Minimum Capital Required 1,223,377 966,442
Common equity tier 1 capital to risk-weighted assets    
Actual 1,533,281 1,327,634
Prompt Corrective Action Thresholds 1,007,487 795,893
Tier I Capital to Average Assets, Amount    
Actual 1,558,281 1,374,240
Basel III Minimum Capital Required $ 684,758 $ 590,758
Ratio    
Total risk-based capital to risk-weighted assets, Actual 0.1308 0.1392
Total risk-based capital to risk-weighted assets, Basel III Minimum Capital Required 10.50% 10.50%
Tier 1 capital to risk-weighted assets, Actual 0.1083 0.1209
Tier 1 capital to risk-weighted assets, Basel III Minimum Capital Required 8.50% 8.50%
Common equity tier 1 capital to risk-weighted assets, Actual 0.1065 0.1168
Common equity tier 1 capital to risk-weighted assets, Basel III Minimum Capital Required 7.00% 7.00%
Leverage Ratios    
Actual 0.0910 0.0930
Basel III Minimum Capital Required 4.00% 4.00%
First Merchants Bank    
Total risk-based capital to risk-weighted assets    
Actual $ 1,822,296 $ 1,453,358
Basel III Minimum Capital Required 1,513,064 1,197,515
Well Capitalized 1,441,014 1,140,490
Tier 1 capital to risk-weighted assets    
Actual 1,641,210 1,309,685
Basel III Minimum Capital Required 1,224,862 969,417
Prompt Corrective Action Thresholds, Well Capitalized 1,152,811 912,392
Common equity tier 1 capital to risk-weighted assets    
Actual 1,641,210 1,309,685
Prompt Corrective Action Thresholds 1,008,710 798,343
Prompt Corrective Action Thresholds, Well Capitalized 936,659 741,319
Tier I Capital to Average Assets, Amount    
Actual 1,641,210 1,309,685
Basel III Minimum Capital Required 683,680 589,994
Well Capitalized $ 854,600 $ 737,493
Ratio    
Total risk-based capital to risk-weighted assets, Actual 0.1265 0.1274
Total risk-based capital to risk-weighted assets, Basel III Minimum Capital Required 10.50% 10.50%
Total risk-based capital to risk-weighted assets, Well Capitalized 0.1000 0.1000
Tier 1 capital to risk-weighted assets, Actual 0.1139 0.1148
Tier 1 capital to risk-weighted assets, Basel III Minimum Capital Required 8.50% 8.50%
Tier 1 capital to risk-weighted assets, Well Capitalized 0.0800 0.0800
Common equity tier 1 capital to risk-weighted assets, Actual 0.1139 0.1148
Common equity tier 1 capital to risk-weighted assets, Basel III Minimum Capital Required 7.00% 7.00%
Common equity tier 1 capital to risk-weighted assets, Well Capitalized 0.0650 0.0650
Leverage Ratios    
Actual 0.0960 0.0888
Basel III Minimum Capital Required 4.00% 4.00%
Well Capitalized 0.0500 0.0500