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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

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