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BORROWINGS - Narrative (Details)
9 Months Ended 12 Months Ended
Dec. 18, 2024
Nov. 01, 2013
USD ($)
investor
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Mar. 31, 2025
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Dec. 18, 2019
USD ($)
Debt Instrument [Line Items]                  
Total available remaining borrowing capacity from FHLB       $ 733,100,000          
Putable advances with the FHLB       822,554,000 $ 712,852,000        
Debt face amount   $ 70,000,000              
Private debt issuance, number of institutional investors | investor   4              
Senior Notes                  
Debt Instrument [Line Items]                  
Fixed interest rate term   10 years              
5.00% Senior Notes Due 2028                  
Debt Instrument [Line Items]                  
Redemption price (percent)   100.00%              
U.S. Bank, N.A Credit Agreement | Line of Credit                  
Debt Instrument [Line Items]                  
Debt instrument, basis spread on variable rate (as a percent)     2.25%            
Outstanding balance on the line of credit       0          
Maximum borrowing capacity     $ 75,000,000            
Non-refundable facility fee     0.40%            
Putable Advances                  
Debt Instrument [Line Items]                  
Putable advances with the FHLB       $ 305,000,000.0          
Minimum                  
Debt Instrument [Line Items]                  
Interest rate, minimum (as a percent)       1.50%          
Maximum                  
Debt Instrument [Line Items]                  
Interest rate, minimum (as a percent)       4.94%          
Securities Sold Under Repurchase Agreements                  
Debt Instrument [Line Items]                  
Maximum amount of outstanding agreements       $ 194,200,000 242,200,000        
Total of average agreements       136,000,000.0 171,300,000        
Debt outstanding       142,876,000          
Subordinated Debentures and Term Loans                  
Debt Instrument [Line Items]                  
Debt outstanding       93,529,000 158,600,000        
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%              
Principal redemption             $ 25,000,000 $ 40,000,000  
Subordinated Debenture | Acquired Subordinated Notes                  
Debt Instrument [Line Items]                  
Debt face amount                 $ 30,000,000
Interest rate on notes (as a percent)                 4.75%
Debt instrument, basis spread on variable rate (as a percent) 3.11%                
Subordinated Debenture | Acquired Subordinated Notes | Forecast                  
Debt Instrument [Line Items]                  
Notice of redemption amount           $ 30,000,000      
Subordinated Debenture | First Merchant Capital Trust II                  
Debt Instrument [Line Items]                  
Debt face amount       $ 41,700,000 $ 41,700,000        
Debt instrument, basis spread on variable rate (as a percent)       26.161% 26.161%        
Interest rate during the period       6.18% 7.21%        
Subordinated Debenture | Ameriana Capital Trust I                  
Debt Instrument [Line Items]                  
Debt face amount       $ 10,300,000 $ 10,300,000        
Debt instrument, basis spread on variable rate (as a percent)       0.26161% 0.26161%        
Interest rate during the period       6.12% 7.15%        
Senior Notes                  
Debt Instrument [Line Items]                  
Debt face amount   $ 70,000,000              
Private debt issuance, number of institutional investors | investor   4              
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%              
Debt Instrument, Interest Rate, Effective Percentage       7.18% 7.98%        
Senior Notes | Three-Month SOFR | 5.00% Senior Notes Due 2028                  
Debt Instrument [Line Items]                  
Debt instrument, basis spread on variable rate (as a percent)       0.26161% 0.26161%        
Senior Notes | SOFR | 5.00% Senior Notes Due 2028                  
Debt Instrument [Line Items]                  
Debt instrument, basis spread on variable rate (as a percent)       2.345% 2.345%        
Secured Debt                  
Debt Instrument [Line Items]                  
Debt outstanding       $ 7,100,000 $ 7,300,000        
Interest rate on notes (as a percent)       3.41% 3.41%        
Secured Debt | Level One                  
Debt Instrument [Line Items]                  
Debt outstanding       $ 1,100,000 $ 1,200,000        
Interest rate on notes (as a percent)       1.00% 1.00%