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Regulatory Capital and Dividends (Tables) | 12 Months Ended
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Dec. 31, 2021
Banking and Thrift, Interest [Abstract] |
Schedule of Actual and Required Capital Amounts and Ratios | The Corporation's and Bank's actual and required capital ratios as of December 31, 2021 and December 31, 2020 were as follows:
|  |  |  |  | Prompt Corrective Action Thresholds
| Actual |  | Basel III Minimum Capital Required |  | Well Capitalized
December 31, 2021 | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
Total risk-based capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
First Merchants Corporation | $ | 1,582,481 |  |  | 13.92 | % |  | $ | 1,193,840 |  |  | 10.50 | % |  | N/A |  | N/A
First Merchants Bank | 1,453,358 |  |  | 12.74 |  |  | 1,197,515 |  |  | 10.50 |  |  | $ | 1,140,490 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
First Merchants Corporation | $ | 1,374,240 |  |  | 12.09 | % |  | $ | 966,442 |  |  | 8.50 | % |  | N/A |  | N/A
First Merchants Bank | 1,309,685 |  |  | 11.48 |  |  | 969,417 |  |  | 8.50 |  |  | $ | 912,392 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
First Merchants Corporation | $ | 1,327,634 |  |  | 11.68 | % |  | $ | 795,893 |  |  | 7.00 | % |  | N/A |  | N/A
First Merchants Bank | 1,309,685 |  |  | 11.48 |  |  | 798,343 |  |  | 7.00 |  |  | $ | 741,319 |  |  | 6.50 | %
Tier 1 capital to average assets |  |  |  |  |  |  |  |  |  |  |
First Merchants Corporation | $ | 1,374,240 |  |  | 9.30 | % |  | $ | 590,758 |  |  | 4.00 | % |  | N/A |  | N/A
First Merchants Bank | 1,309,685 |  |  | 8.88 |  |  | 589,994 |  |  | 4.00 |  |  | $ | 737,493 |  |  | 5.00 | %
|  |  |  |  | Prompt Corrective Action Thresholds
| Actual |  | Basel III Minimum Capital Required |  | Well Capitalized
December 31, 2020 | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
Total risk-based capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
First Merchants Corporation | $ | 1,475,551 |  |  | 14.36 | % |  | $ | 1,079,015 |  |  | 10.50 | % |  | N/A |  | N/A
First Merchants Bank | 1,412,805 |  |  | 13.70 |  |  | 1,082,430 |  |  | 10.50 |  |  | $ | 1,030,886 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
First Merchants Corporation | $ | 1,282,070 |  |  | 12.48 | % |  | $ | 873,488 |  |  | 8.50 | % |  | N/A |  | N/A
First Merchants Bank | 1,283,922 |  |  | 12.45 |  |  | 876,253 |  |  | 8.50 |  |  | $ | 824,708 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
First Merchants Corporation | $ | 1,235,702 |  |  | 12.02 | % |  | $ | 719,343 |  |  | 7.00 | % |  | N/A |  | N/A
First Merchants Bank | 1,283,922 |  |  | 12.45 |  |  | 721,620 |  |  | 7.00 |  |  | $ | 670,076 |  |  | 6.50 | %
Tier 1 capital to average assets |  |  |  |  |  |  |  |  |  |  |
First Merchants Corporation | $ | 1,282,070 |  |  | 9.57 | % |  | $ | 536,123 |  |  | 4.00 | % |  | N/A |  | N/A
First Merchants Bank | 1,283,922 |  |  | 9.59 |  |  | 535,279 |  |  | 4.00 |  |  | $ | 669,098 |  |  | 5.00 | %

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- Definition Tabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958570-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 + Details
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