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REGULATORY CAPITAL AND DIVIDENDS (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024 and 2023 were as follows:

															Prompt Corrective Action Thresholds
			Actual												Basel III Minimum Capital Required												Well Capitalized
December 31, 2024			Amount						Ratio						Amount						Ratio						Amount						Ratio
Total risk-based capital to risk-weighted assets
First Merchants Corporation			$	2,030,362					13.31		%				$	1,601,175					10.50		%				N/A						N/A
First Merchants Bank			1,967,738						12.89						1,602,417						10.50						$	1,526,112					10.00		%
Tier 1 capital to risk-weighted assets
First Merchants Corporation			$	1,767,468					11.59		%				$	1,296,189					8.50		%				N/A						N/A
First Merchants Bank			1,776,738						11.64						1,297,195						8.50						$	1,220,889					8.00		%
Common equity tier 1 capital to risk-weighted assets
First Merchants Corporation			$	1,742,468					11.43		%				$	1,067,450					7.00		%				N/A						N/A
First Merchants Bank			1,776,738						11.64						1,068,278						7.00						$	991,973					6.50		%
Tier 1 capital to average assets
First Merchants Corporation			$	1,767,468					9.96		%				$	710,089					4.00		%				N/A						N/A
First Merchants Bank			1,776,738						9.92						716,172						4.00						$	895,215					5.00		%
															Prompt Corrective Action Thresholds
			Actual												Basel III Minimum Capital Required												Well Capitalized
December 31, 2023			Amount						Ratio						Amount						Ratio						Amount						Ratio
Total risk-based capital to risk-weighted assets
First Merchants Corporation			$	2,021,124					13.67		%				$	1,552,685					10.50		%				N/A						N/A
First Merchants Bank			1,931,810						13.06						1,553,600						10.50						$	1,479,619					10.00		%
Tier 1 capital to risk-weighted assets
First Merchants Corporation			$	1,703,626					11.52		%				$	1,256,935					8.50		%				N/A						N/A
First Merchants Bank			1,746,299						11.80						1,257,676						8.50						$	1,183,695					8.00		%
Common equity tier 1 capital to risk-weighted assets
First Merchants Corporation			$	1,678,626					11.35		%				$	1,035,123					7.00		%				N/A						N/A
First Merchants Bank			1,746,299						11.80						1,035,733						7.00						$	961,752					6.50		%
Tier 1 capital to average assets
First Merchants Corporation			$	1,703,626					9.64		%				$	707,091					4.00		%				N/A						N/A
First Merchants Bank			1,746,299						9.89						706,331						4.00						$	882,913					5.00		%

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- References

No definition available.

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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
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1B

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