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REGULATORY CAPITAL AND DIVIDENDS - Schedule of Actual and Required Capital (Details)
$ in Thousands
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Total risk-based capital to risk-weighted assets    
Actual $ 2,021,124 $ 1,882,254
Basel III Minimum Capital Required 1,552,685 1,511,230
Tier 1 capital to risk-weighted assets    
Actual 1,703,626 1,558,281
Basel III Minimum Capital Required 1,256,935 1,223,377
Common equity tier 1 capital to risk-weighted assets    
Actual 1,678,626 1,533,281
Prompt Corrective Action Thresholds 1,035,123 1,007,487
Tier I Capital to Average Assets, Amount    
Amount 1,703,626 1,558,281
Basel III Minimum Capital Required $ 707,091 $ 684,758
Ratio    
Total risk-based capital to risk-weighted assets, Actual 0.1367 0.1308
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 0.1152 0.1083
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 0.1135 0.1065
Common equity tier 1 capital to risk-weighted assets, Basel III Minimum Capital Required 7.00% 7.00%
Leverage Ratios    
Ratio 0.0964 0.0910
Basel III Minimum Capital Required 4.00% 4.00%
First Merchants Bank    
Total risk-based capital to risk-weighted assets    
Actual $ 1,931,810 $ 1,822,296
Basel III Minimum Capital Required 1,553,600 1,513,064
Well Capitalized 1,479,619 1,441,014
Tier 1 capital to risk-weighted assets    
Actual 1,746,299 1,641,210
Basel III Minimum Capital Required 1,257,676 1,224,862
Well Capitalized 1,183,695 1,152,811
Common equity tier 1 capital to risk-weighted assets    
Actual 1,746,299 1,641,210
Prompt Corrective Action Thresholds 1,035,733 1,008,710
Well Capitalized 961,752 936,659
Tier I Capital to Average Assets, Amount    
Amount 1,746,299 1,641,210
Basel III Minimum Capital Required 706,331 683,680
Well Capitalized $ 882,913 $ 854,600
Ratio    
Total risk-based capital to risk-weighted assets, Actual 0.1306 0.1265
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 0.1180 0.1139
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 0.1180 0.1139
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    
Ratio 0.0989 0.0960
Basel III Minimum Capital Required 4.00% 4.00%
Well Capitalized 0.0500 0.0500