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Merchants Bank of Indiana

Carmel, IndianaFDIC Cert #8056

STATEEstablished 19237 branches

Holding company: MERCHANTS BCORPRegulator: FDIC

FDICCERT + OFFDOM

What's happening here

As of Q1 2026FDICCall Report

Merchants Bank of Indiana reported $20.3B in total assets. Deposits grew 4.59% over the prior year.

Return on assets was 1.41%, compared with the official FFIEC UBPR peer median of 1.19%. The leverage ratio was 11.91%.

  • Why is Efficiency Ratio below its official FFIEC UBPR peers?
  • Why is Noncurrent Loan Ratio above its official FFIEC UBPR peers?
  • Why is CRE Concentration to Capital above its official FFIEC UBPR peers?

Generated offline from verified FDIC facts for the period shown. Bank Data Insights does not rate banks, predict outcomes, or provide advice.

Latest reported quarter

Key metrics

Assets
$20.3B
+8.1%y/y
Percentile by value42nd percentileby value
Peer standing in FFIEC UBPR Peer Group 2 — Insured commercial banks having assets between $10 billion and $100 billion
FDICASSET
Deposits
$13B
+4.6%y/y
Percentile by value28th percentileby value
Peer standing in FFIEC UBPR Peer Group 2 — Insured commercial banks having assets between $10 billion and $100 billion
FDICDEP
Net loans
$16.5B
+12.4%y/y
Percentile by value56th percentileby value
Peer standing in FFIEC UBPR Peer Group 2 — Insured commercial banks having assets between $10 billion and $100 billion
FDICLNLSNET
ROA
1.41%
+14 bpsy/y
Peer standing71st percentile
Peer standing in FFIEC UBPR Peer Group 2 — Insured commercial banks having assets between $10 billion and $100 billion
FDICNETINC + ROA
Efficiency
41.71%
+11 bpsy/y
Peer standing85th percentile
Peer standing in FFIEC UBPR Peer Group 2 — Insured commercial banks having assets between $10 billion and $100 billion
FDICNONIX + NIM + NONII + EEFFR
Leverage
11.91%
+6 bpsy/y
Peer standing87th percentile
Peer standing in FFIEC UBPR Peer Group 2 — Insured commercial banks having assets between $10 billion and $100 billion
FDICRBC1AAJ

Percentiles compare this bank with 110 ffiec ubpr peer group 2 — insured commercial banks having assets between $10 billion and $100 billion.

Side-by-side comparison

Merchants Bank of Indiana beside its official FFIEC UBPR peers

The primary option is the peer group FFIEC assigned to this bank. The state option is FFIEC’s supplemental state group. Each pair uses the published FFIEC trimmed average when its formula matches the site registry; otherwise it uses a clearly labeled registry median within the same official membership.

FFIEC + FDICUBPR membership + Call Report metrics
ROA

This bank

1.41%

Registry median

1.19%
ROE

This bank

12.46%

FFIEC trimmed average

10.71%
NIM

This bank

2.84%

Registry median

3.55%
Loans YoY

This bank

+12.43%

FFIEC trimmed average

+11.01%
Leverage

This bank

11.91%

FFIEC trimmed average

10.28%

FFIEC averages are the regulator-published values after excluding the top and bottom 5%. Where the registered metric formula differs from UBPR, the comparison uses the median of reported registry values within the official FFIEC membership and labels it accordingly. Neither basis rates, ranks, or predicts the bank. Missing values remain Not reported.

FDICCall Report

Balance sheet trend

Assets & deposits

Time range
Reporting mode
Assets and deposits by reporting quarter
QuarterAssetsDeposits
Q2 2021$9.62B$7.86B
Q3 2021$10.7B$8.76B
Q4 2021$11B$8.8B
Q1 2022$9.36B$7.28B
Q2 2022$10.8B$8.12B
Q3 2022$11.7B$10.2B
Q4 2022$12.4B$9.93B
Q1 2023$14B$11.2B
Q2 2023$15.6B$12.9B
Q3 2023$16.2B$12.8B
Q4 2023$16.6B$13.9B
Q1 2024$17.7B$14B
Q2 2024$18.2B$15B
Q3 2024$18.6B$12.9B
Q4 2024$18.6B$12B
Q1 2025$18.7B$12.5B
Q2 2025$19.1B$12.8B
Q3 2025$19.3B$14B
Q4 2025$19.4B$13.1B
Q1 2026$20.3B$13B

Portfolio composition

Loan mix

Chart mode
Time range
Loan categories
Latest reported loan balances by category
CategoryBalance
Owner CRE$172M
Investor CRE$1.23B
Multifamily$2.99B
Construction$1.89B
1–4 family$1.07B
C&I$1.31B
Agriculture$92.6M
Other$7.88B

FFIEC UBPR comparison

How this bank compares

UnfavorableFavorableDirectional metrics only; neutral metrics use blue.
ROA
FDICNETINC + ROA
71st percentileToggle ROA distribution

Distribution histogram for ROA, with this bank marked when a value is reported.

10th 0.71%Median 1.19%90th 1.80%Observations 110
ROE
FDICNETINC + ROE
72nd percentileToggle ROE distribution

Distribution histogram for ROE, with this bank marked when a value is reported.

10th 5.78%Median 10.10%90th 17.47%Observations 110
NIM
FDICNIM + NIMY
17th percentileToggle NIM distribution

Distribution histogram for NIM, with this bank marked when a value is reported.

10th 2.62%Median 3.55%90th 4.39%Observations 110
Efficiency
FDICNONIX + NIM + NONII + EEFFR
85th percentileToggle Efficiency distribution

Distribution histogram for Efficiency, with this bank marked when a value is reported.

10th 36.24%Median 54.92%90th 71.99%Observations 110
Deposits YoY
FDICDEP
48th percentileby valueToggle Deposits YoY distribution

Distribution histogram for Deposits YoY, with this bank marked when a value is reported.

10th −1.68%Median +4.64%90th +30.48%Observations 110
Loans YoY
FDICLNLSNET
68th percentileby valueToggle Loans YoY distribution

Distribution histogram for Loans YoY, with this bank marked when a value is reported.

10th −0.21%Median +6.49%90th +34.73%Observations 109
Noncurrent %
FDICP9ASSET + NAASSET + LNLSGR
89th percentileToggle Noncurrent % distribution

Distribution histogram for Noncurrent %, with this bank marked when a value is reported.

10th 0.20%Median 0.71%90th 1.50%Observations 109
Leverage
FDICRBC1AAJ
86th percentileToggle Leverage distribution

Distribution histogram for Leverage, with this bank marked when a value is reported.

10th 8.29%Median 10.30%90th 12.41%Observations 110

Well-capitalized threshold (12 CFR 6.4 / 208.43 / 324.403) is shown as a supervisory screening criterion, not a limit or violation.

IB deposit cost
FDICEINTEXP + DEPIDOM
3rd percentileToggle IB deposit cost distribution

Distribution histogram for IB deposit cost, with this bank marked when a value is reported.

10th 1.79%Median 2.60%90th 3.62%Observations 110
CRE/capital
FDICLNRENROT + LNREMULT + LNRECONS + RBC
72nd percentileby valueToggle CRE/capital distribution

Distribution histogram for CRE/capital, with this bank marked when a value is reported.

10th 54%Median 213%90th 309%Observations 110

Interagency CRE supervisory criterion (FIL-104-2006) is shown as a supervisory screening criterion, not a limit or violation. The 300% total-CRE criterion is considered with 50% growth over the prior 36 months.

Whiskers show the 10th–90th percentile, the box shows the middle half, and the dot marks this bank. For directional metrics, deep red marks the unfavorable endpoint and teal marks the favorable endpoint after applying registry polarity. Neutral metrics use a blue ramp, are ordered from lower to higher reported value, and carry no favorable interpretation. Group membership is FFIEC-published. Expanded distributions use the site’s registered Call Report formula; a displayed FFIEC percentile is used only where the formulas align.

Branches & markets

Physical footprint

Domestic offices
7 branches
Headquarters
Carmel, IN
FDICOFFDOMOpen the Indiana dashboard →

History

Institution established

Filings

Q1 2026 Call Report
Q4 2025 Call Report
Q3 2025 Call Report
Q2 2025 Call Report
Public data, presented without a proprietary bank rating.FDIC source data