v3.26.1
Regulatory Matters (Details)
$ in Thousands
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Parent Company    
Total Capital (to risk-weighted assets)    
Total Capital (to risk-weighted assets), Actual, Amount $ 2,408,656 $ 2,365,600
Total Capital (to risk weighted assets), Actual, Ratio (as a percent) 0.128 0.136
Total Capital (to risk weighted assets), Minimum Amount to be Well Capitalized with Basel III Buffer, Amount $ 1,980,993 $ 1,822,759
Total Capital (to risk weighted assets), Minimum Amount to be Well Capitalized with Basel III Buffer, Ratio (as a percent) 0.105 0.105
Tier I Capital (to risk-weighted assets)    
Tier I Capital, (to risk-weighted assets), Actual, Amount $ 2,322,134 $ 2,272,014
Tier I Capital (to risk weighted assets), Actual, Ratio (as a percent) 0.123 0.131
Tier I Capital (to risk weighted assets), Minimum Amount to be Well Capitalized with Basel III Buffer, Amount $ 1,603,661 $ 1,475,567
Tier I Capital (to risk weighted assets), Minimum Amount to be Well Capitalized with Basel III Buffer, Ratio (as a percent) 0.085 0.085
Common Equity Tier I Capital (to risk-weighted assets)    
Common Equity Tier I Capital (to risk weighted assets), Actual, Amount $ 1,770,844 $ 1,720,724
Common Equity Tier I Capital (to risk weighted assets), Ratio (as a percent) 0.094 0.099
Common Equity Tier I Capital (to risk weighted assets), Minimum Amount to be Well Capitalized with Basel III Buffer, Amount $ 1,320,662 $ 1,215,172
Common Equity Tier I Capital (to risk weighted assets, Minimum Amount Required to be Well Capitalized with Basel III Buffer, Ratio (as a percent) 0.07 0.07
Tier 1 Capital (to average assets)    
Tier 1 Capital (to average assets), Actual, Amount $ 2,322,134 $ 2,272,014
Tier 1 Capital (to average assets), Actual, Ratio (as a percent) 0.123 0.115
Tier 1 Capital (to average assets), Minimum Amount Required to be Well Capitalized with Basel III Buffer, Amount $ 947,199 $ 990,358
Tier 1 Capital (to average assets), Minimum Amount Required to be Well Capitalized with Basel III Buffer, Ratio (as a percent) 0.05 0.05
Merchants Bank    
Total Capital (to risk-weighted assets)    
Total Capital (to risk-weighted assets), Actual, Amount $ 2,335,139 $ 2,320,227
Total Capital (to risk weighted assets), Actual, Ratio (as a percent) 0.124 0.134
Total Capital (to risk weighted assets), Minimum Amount to be Well Capitalized with Basel III Buffer, Amount $ 1,979,758 $ 1,821,535
Total Capital (to risk weighted assets), Minimum Amount to be Well Capitalized with Basel III Buffer, Ratio (as a percent) 0.105 0.105
Total Capital (to risk weighted assets), Minimum Amount To Be Well Capitalized, Amount $ 1,885,483 $ 1,734,795
Total Capital (to risk weighted assets), Minimum Amount To Be Well Capitalized, Ratio (as a percent) 0.10 0.10
Tier I Capital (to risk-weighted assets)    
Tier I Capital, (to risk-weighted assets), Actual, Amount $ 2,248,617 $ 2,226,641
Tier I Capital (to risk weighted assets), Actual, Ratio (as a percent) 0.119 0.128
Tier I Capital (to risk weighted assets), Minimum Amount to be Well Capitalized with Basel III Buffer, Amount $ 1,602,661 $ 1,474,576
Tier I Capital (to risk weighted assets), Minimum Amount to be Well Capitalized with Basel III Buffer, Ratio (as a percent) 0.085 0.085
Tier I Capital (to risk weighted assets), Minimum Amount To Be Well Capitalized, Amount $ 1,508,387 $ 1,387,836
Tier I Capital (to risk weighted assets), Minimum Amount To Be Well Capitalized, Ratio (as a percent) 0.08 0.08
Common Equity Tier I Capital (to risk-weighted assets)    
Common Equity Tier I Capital (to risk weighted assets), Actual, Amount $ 2,248,617 $ 2,226,641
Common Equity Tier I Capital (to risk weighted assets), Ratio (as a percent) 0.119 0.128
Common Equity Tier I Capital (to risk weighted assets), Minimum Amount to be Well Capitalized with Basel III Buffer, Amount $ 1,319,838 $ 1,214,357
Common Equity Tier I Capital (to risk weighted assets, Minimum Amount Required to be Well Capitalized with Basel III Buffer, Ratio (as a percent) 0.07 0.07
Common Equity Tier I Capital (to risk weighted assets), Minimum Amount To Be Well Capitalized, Amount $ 1,225,564 $ 1,127,617
Common Equity Tier I Capital (to risk weighted assets), Minimum Amount To Be Well Capitalized, Ratio (as a percent) 0.065 0.065
Tier 1 Capital (to average assets)    
Tier 1 Capital (to average assets), Actual, Amount $ 2,248,617 $ 2,226,641
Tier 1 Capital (to average assets), Actual, Ratio (as a percent) 0.119 0.113
Tier 1 Capital (to average assets), Minimum Amount Required to be Well Capitalized with Basel III Buffer, Amount $ 944,081 $ 987,284
Tier 1 Capital (to average assets), Minimum Amount Required to be Well Capitalized with Basel III Buffer, Ratio (as a percent) 0.05 0.05
Tier 1 Capital (to average assets), Minimum Amount To Be Well Capitalized, Amount $ 944,081 $ 987,284
Tier 1 Capital (to average assets), Minimum Amount To Be Well Capitalized, Ratio (as a percent) 0.05 0.05