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Borrowings - Narrative (Details)
3 Months Ended 12 Months Ended
Mar. 16, 2020
USD ($)
Jul. 14, 2017
USD ($)
Aug. 10, 2015
USD ($)
Nov. 01, 2013
USD ($)
investor
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Apr. 23, 2020
USD ($)
Sep. 15, 2012
Jul. 02, 2007
USD ($)
Mar. 31, 2006
USD ($)
Debt Instrument [Line Items]                          
Total available remaining borrowing capacity from FHLB         $ 723,300,000   $ 723,300,000            
Putable advances with the FHLB         389,430,000 $ 351,072,000 389,430,000 $ 351,072,000          
Debt face amount       $ 70,000,000                  
Repayment of borrowings             $ 621,548,000 643,169,000 $ 1,677,860,000        
Private debt issuance, number of institutional investors | investor       4                  
5.00% Senior Notes Due 2028                          
Debt Instrument [Line Items]                          
Redemption price (percent)             100.00%            
5% Senior Notes Due 2028 and 6.75% Subordinated Notes due 2028                          
Debt Instrument [Line Items]                          
Debt term with fixed interest rate       10 years                  
Putable Advances                          
Debt Instrument [Line Items]                          
Putable advances with the FHLB         $ 125,000,000.0   $ 125,000,000.0            
Minimum                          
Debt Instrument [Line Items]                          
Required value of assets pledged as collateral as a percentage to outstanding advances             145.00%            
Interest rate, minimum (as a percent)         0.35%   0.35%            
Maximum                          
Debt Instrument [Line Items]                          
Interest rate, minimum (as a percent)         2.62%   2.62%            
Securities Sold Under Repurchase Agreements                          
Debt Instrument [Line Items]                          
Maximum amount of outstanding agreements             $ 197,900,000 191,600,000          
Total of average agreements             180,700,000 136,300,000          
Debt outstanding         $ 177,102,000   177,102,000            
Subordinated Debentures and Term Loans                          
Debt Instrument [Line Items]                          
Debt outstanding         118,380,000 138,700,000 $ 118,380,000 138,700,000          
Subordinated Debentures and Term Loans | Grabill Capital Trust I                          
Debt Instrument [Line Items]                          
Debt face amount                   $ 10,000,000.0      
Subordinated Debenture | 6.75% Subordinated Notes Due 2028                          
Debt Instrument [Line Items]                          
Debt face amount       $ 65,000,000                  
Interest rate on notes (as a percent)       6.75%                  
Redemption price (percent)             100.00%            
Subordinated Debenture | Three-Month LIBOR | 6.75% Subordinated Notes Due 2028                          
Debt Instrument [Line Items]                          
Basis spread on variable rate (as a percent)             4.095%            
Subordinated Debenture | First Merchant Capital Trust II                          
Debt Instrument [Line Items]                          
Debt outstanding         $ 41,700,000 $ 51,700,000 $ 41,700,000 51,700,000          
Debt face amount $ 10,000,000.0                     $ 56,700,000  
Cancellation of debt, amount     $ 5,000,000                    
Gain from cancellation of debt     $ 1,300,000                    
Interest rate on notes (as a percent) 3.45%                   6.495%    
Interest rate during the period         1.78% 3.45%              
Subordinated Debenture | First Merchant Capital Trust II | Three-Month LIBOR                          
Debt Instrument [Line Items]                          
Basis spread on variable rate (as a percent)             1.56%            
Subordinated Debenture | Ameriana Capital Trust I                          
Debt Instrument [Line Items]                          
Debt face amount                         $ 10,300,000
Basis spread on variable rate (as a percent)             1.50%            
Interest rate during the period         1.72% 3.39%              
Subordinated Debenture | Grabill Capital Trust I                          
Debt Instrument [Line Items]                          
Debt outstanding           $ 10,300,000   $ 10,300,000          
Debt face amount   $ 10,300,000               $ 10,000,000.0      
Interest rate on notes (as a percent)           4.53%   4.53%   4.41%      
Basis spread on variable rate (as a percent)   2.60%                      
Capital Securities | First Merchant Capital Trust II                          
Debt Instrument [Line Items]                          
Repayment of borrowings $ 10,000,000.0                        
Senior Notes | 5.00% Senior Notes Due 2028                          
Debt Instrument [Line Items]                          
Debt face amount       $ 5,000,000                  
Interest rate on notes (as a percent)       5.00%                  
Senior Notes | Three-Month LIBOR | 5.00% Senior Notes Due 2028                          
Debt Instrument [Line Items]                          
Basis spread on variable rate (as a percent)             2.345%