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Regulatory Capital and Dividends (Tables) | 12 Months Ended
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Dec. 31, 2022
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, 2022 and December 31, 2021 were as follows:
|  |  |  |  | Prompt Corrective Action Thresholds
| Actual |  | Basel III Minimum Capital Required |  | Well Capitalized
December 31, 2022 | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
Total risk-based capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
First Merchants Corporation | $ | 1,882,254 |  |  | 13.08 | % |  | $ | 1,511,230 |  |  | 10.50 | % |  | N/A |  | N/A
First Merchants Bank | 1,822,296 |  |  | 12.65 |  |  | 1,513,064 |  |  | 10.50 |  |  | $ | 1,441,014 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
First Merchants Corporation | $ | 1,558,281 |  |  | 10.83 | % |  | $ | 1,223,377 |  |  | 8.50 | % |  | N/A |  | N/A
First Merchants Bank | 1,641,210 |  |  | 11.39 |  |  | 1,224,862 |  |  | 8.50 |  |  | $ | 1,152,811 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets |  |  |  |  |  |  |  |  |  |  |
First Merchants Corporation | $ | 1,533,281 |  |  | 10.65 | % |  | $ | 1,007,487 |  |  | 7.00 | % |  | N/A |  | N/A
First Merchants Bank | 1,641,210 |  |  | 11.39 |  |  | 1,008,710 |  |  | 7.00 |  |  | $ | 936,659 |  |  | 6.50 | %
Tier 1 capital to average assets |  |  |  |  |  |  |  |  |  |  |
First Merchants Corporation | $ | 1,558,281 |  |  | 9.10 | % |  | $ | 684,758 |  |  | 4.00 | % |  | N/A |  | N/A
First Merchants Bank | 1,641,210 |  |  | 9.60 |  |  | 683,680 |  |  | 4.00 |  |  | $ | 854,600 |  |  | 5.00 | %
|  |  |  |  | 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 | %

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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 https://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 https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 + Details
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