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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Total
Preferred
Common Stock
Additional Paid in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2009 $ 463,785,000 $ 112,498,000 $ 2,653,000 $ 206,600,000 $ 150,860,000 $ (8,826,000)
Beginning Balance (in shares) at Dec. 31, 2009   116,125 21,227,741      
Comprehensive Income            
Net income 6,909,000       6,909,000  
Other Comprehensive Income, net of tax (1,331,000)         (1,331,000)
Cash Dividends on Common Stock ($.04 in 2010 and 2011, $.10 in 2012 per Share) (989,000)       (989,000)  
Cash Dividends on Preferred Stock (5,366,000)       (5,366,000)  
Cumulative Preferred Stock Converted to Trust Preferred Securities (shares)   (46,400)        
Cumulative Preferred Stock Converted to Trust Preferred Securities (46,400,000) (46,400,000)        
Gain on exchange of preferred stock for trust preferred debt 11,353,000       11,353,000  
Tax Benefit (Loss) from Stock Options Exercised (50,000)     (50,000)    
Accretion of Discount on Preferred Stock   606,000     (606,000)  
Loss on Capital Purchase Program Unamortized Discount (1,301,000) 1,301,000     (1,301,000)  
Private Stock Issuance (shares)     4,200,000      
Private Stock Issuance 24,150,000   525,000 23,625,000    
Share-based Compensation (in shares)     49,833      
Share-based Compensation 1,750,000   6,000 1,744,000    
Stock Issued Under Employee Benefit Plans (in shares)     97,966      
Stock Issued Under Employee Benefit Plans 582,000   12,000 570,000    
Stock Issued Under Dividend Reinvestment and Stock Purchase Plan (in shares)     11,545      
Stock Issued Under Dividend Reinvestment and Stock Purchase Plan 91,000   2,000 89,000    
Stock Redeemed (in shares)     (12,834)      
Stock Redeemed (76,000)   (1,000) (75,000)    
Ending Balance at Dec. 31, 2010 454,408,000 68,005,000 3,197,000 232,503,000 160,860,000 (10,157,000)
Ending Balance (in shares) at Dec. 31, 2010   69,725 25,574,251      
Comprehensive Income            
Net income 25,252,000       25,252,000  
Other Comprehensive Income, net of tax 6,555,000         6,555,000
Cash Dividends on Common Stock ($.04 in 2010 and 2011, $.10 in 2012 per Share) (1,067,000)       (1,067,000)  
Cash Dividends on Preferred Stock (3,662,000)       (3,662,000)  
Accretion of Discount on Preferred Stock   319,000     (319,000)  
Loss on Capital Purchase Program Unamortized Discount (1,401,000) 1,401,000     (1,401,000)  
Repurchase of Capital Purchase Program Warrants (368,000)     (368,000)    
Loss on extinguishment of trust preferred securities (10,857,000)       (10,857,000)  
Equity Adjustment Related to First Merchant Reinsurance Co. LTD (89,000)       (89,000)  
Preferred Stock Redeemed under Capital Purchase Program (in shares)   (69,600)        
Preferred Stock Redeemed under Capital Purchase Program (69,600,000) (69,600,000)        
Preferred Stock issued under the Small Business Lending Fund (shares)   90,783        
Preferred Stock issued under the Small Business Lending Fund 90,783,000 90,783,000        
Private Stock Issuance (shares)     2,822,000      
Private Stock Issuance 21,165,000   353,000 20,812,000    
Share-based Compensation (in shares)     72,824      
Share-based Compensation 1,315,000   9,000 1,306,000    
Stock Issued Under Employee Benefit Plans (in shares)     93,797      
Stock Issued Under Employee Benefit Plans 669,000   12,000 657,000    
Stock Issued Under Dividend Reinvestment and Stock Purchase Plan (in shares)     11,073      
Stock Issued Under Dividend Reinvestment and Stock Purchase Plan 89,000   1,000 88,000    
Stock Redeemed (in shares)     (14,238)      
Stock Redeemed (126,000)   (2,000) (124,000)    
Ending Balance at Dec. 31, 2011 514,467,000   3,570,000 254,874,000 168,717,000 (3,602,000)
Ending Balance (in shares) at Dec. 31, 2011     28,559,707      
Comprehensive Income            
Net income 45,122,000       45,122,000  
Other Comprehensive Income, net of tax (1,897,000)         (1,897,000)
Cash Dividends on Common Stock ($.04 in 2010 and 2011, $.10 in 2012 per Share) (2,903,000)       (2,903,000)  
Cash Dividends on Preferred Stock (4,539,000)       (4,539,000)  
Share-based Compensation (in shares)     86,325      
Share-based Compensation 1,492,000   11,000 1,481,000    
Stock Issued Under Employee Benefit Plans (in shares)     41,867      
Stock Issued Under Employee Benefit Plans 449,000   5,000 444,000    
Stock Issued Under Dividend Reinvestment and Stock Purchase Plan (in shares)     15,709      
Stock Issued Under Dividend Reinvestment and Stock Purchase Plan 202,000   2,000 200,000    
Stock Options Exercised (in shares) 10,500   10,500      
Stock Options Exercised 78,000   1,000 77,000    
Stock Redeemed (in shares)     (21,492)      
Stock Redeemed (235,000)   (2,000) (233,000)    
Ending Balance at Dec. 31, 2012 $ 552,236,000 $ 90,908,000 $ 3,587,000 $ 256,843,000 $ 206,397,000 $ (5,499,000)
Ending Balance (in shares) at Dec. 31, 2012   90,908 28,692,616