Merchants Bank of Indiana
Total assets
$21.17B
▲ +10.9% YoY
Deposits
$14.34B
▲ +12.5% YoY
Loans
$17.29B
▲ +15.7% YoY
Offices
8
MERCHANTS BCORP
ROA (annualized)
1.49%
peers 1.23%
ROE (annualized)
13.29%
peers 11.23%
Peer comparison 160 banks with 10B+ in assets
| Metric | This bank | Peer median | Δ |
|---|---|---|---|
| Asset growth (YoY) | +10.9% | +5.9% | +5.1 pts |
| Deposit growth (YoY) | +12.5% | +5.7% | +6.8 pts |
| Loan growth (YoY) | +15.7% | +6.9% | +8.8 pts |
| ROA | 1.49% | 1.23% | +0.3 pts |
| ROE | 13.3% | 11.2% | +2.1 pts |
ROA ranks in the 72nd percentile of its peer group · Q2 2026
Profile
- Established
- 1923
- Charter
- State
- Primary regulator
- FDIC
- Holding company
- MERCHANTS BCORP
- Specialization
- Commercial Lending Specialization
- Address
- 410 Monon Blvd, Carmel, IN, 46032
- County
- Hamilton
- Metro area
- Indianapolis-Carmel-Anderson, IN
- Offices
- 8
- FDIC cert #
- 8056
- RSSD ID
- 963945
- Latest call report
- Q2 2026
Total assets last 8 quarters
Deposits last 8 quarters
Quarterly financials FDIC call report
| Quarter | Assets | Deposits | Loans | Equity | Net income YTD | ROA | NIM | Nonperforming |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $21.17B | $14.34B | $17.29B | $2.32B | $151.0M | 1.49% | 2.86% | 1.31% |
| Q1 2026 | $20.26B | $13.04B | $16.55B | $2.26B | $70.0M | 1.41% | 2.84% | 1.52% |
| Q4 2025 | $19.39B | $13.10B | $15.44B | $2.24B | $227.6M | 1.20% | 2.94% | 1.33% |
| Q3 2025 | $19.30B | $14.00B | $15.06B | $2.18B | $155.4M | 1.09% | 2.87% | 1.57% |
| Q2 2025 | $19.08B | $12.75B | $14.94B | $2.14B | $99.2M | 1.05% | 2.87% | 1.35% |
| Q1 2025 | $18.74B | $12.47B | $14.72B | $2.11B | $59.4M | 1.27% | 2.81% | 1.55% |
| Q4 2024 | $18.62B | $11.98B | $14.55B | $2.07B | $325.4M | 1.81% | 3.08% | 1.55% |
| Q3 2024 | $18.59B | $12.94B | $14.50B | $1.91B | $228.5M | 1.71% | 3.08% | 1.14% |
Loan mix (Q2 2026): real estate $7.94B · commercial $1.59B · consumer $4.0M · securities $1.65B
Ratio pack Q2 2026 · peer medians from 160 institutions
Profitability
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Return on assets Annualized net income ÷ assets | 1.49% | 1.23% | 72th | |
Return on equity Annualized net income ÷ equity or net worth | 13.3% | 11.3% | 69th | |
Net interest margin Interest income − interest expense, ÷ assets | 2.86% | 3.55% | 20th | |
Efficiency ratio Operating expense ÷ revenue — lower is leaner | 40.2% | 54.9% | 16th | |
Non-interest income share Fees and other income as a share of total revenue | 00.0% | 00.0% | ||
Cost of funds Annualized interest expense ÷ deposits | 00.0% | 00.0% |
Balance sheet
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Loan-to-deposit Loans ÷ deposits (shares). Above ~90% needs funding; below ~60% needs loan demand | 00.0% | 00.0% | ||
Loans-to-assets How much of the balance sheet is lent out | 00.0% | 00.0% | ||
Securities-to-assets Investment portfolio as a share of assets | 00.0% | 00.0% | ||
Cash-to-assets On-balance-sheet liquidity | 00.0% | 00.0% |
Capital
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Capital ratio Tier 1 capital (banks) or net worth (CUs) ÷ assets. NCUA well-capitalized line: 7% | 00.0% | 00.0% |
Credit quality
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Nonperforming / delinquency Banks: nonperforming assets ÷ assets. CUs: 60+ day delinquent loans ÷ loans | 00.0% | 00.0% | ||
Net charge-off rate Annualized charge-offs net of recoveries ÷ loans | 00.0% | 00.0% | ||
CRE concentration Commercial real estate loans ÷ capital. Regulators flag banks above 300% | 00.0% | 00.0% |
Franchise
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Assets per office Branch efficiency; high numbers usually mean digital-first | 00.0% | 00.0% |
11 more ratios, with trends and peer percentiles.
See Pro plan →The full ratio pack is part of CharterBench Pro.
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