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First Merchants Bank
Muncie, IN · FDIC Certificate #4365 · Chartered 03/1
Total assets
$21.32B
Total deposits
$16.78B
Total equity
$2.73B
Net loans
$15.37B
Branches (offices)
129
Net income (YTD)
$79.75M
Rank: #101 of 4,213 U.S. banks by assets · #2 of 87 in Indiana. Assets changed 14.7% and deposits 12.9% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.78% |
| Return on equity | 6.04% |
| Net interest margin (YTD) | 3.40% |
| Equity to assets | 12.83% |
| Tier 1 leverage ratio | 9.96% |
| Uninsured deposits (share of deposits) | 45.4% |
| Noncurrent loans (share of loans) | 0.82% |
| Net charge-offs (share of loans) | 0.19% |
| Loans to deposits | 91.6% |
| Real estate loans (share of loans) | 60.4% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $9.28B | 60.4% | |
| Commercial & industrial | $4.73B | 30.8% | |
| Consumer / individual | $149.88M | 1.0% | |
| Construction & development | $881.07M | 5.7% | |
| Agricultural | $99.20M | 0.6% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $17.76B | $14.62B | $92.54M | $2.06B |
| Jun 2023 | $17.95B | $14.66B | $130.71M | $2.21B |
| Jun 2024 | $18.29B | $14.62B | $93.97M | $2.24B |
| Jun 2025 | $18.58B | $14.86B | $116.66M | $2.33B |
| Jun 2026 | $21.32B | $16.78B | $79.75M | $2.73B |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Indiana | $13.63B | 89 |
| Michigan | $2.50B | 31 |
| Ohio | $647.39M | 9 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $16.78B.
Similar-sized banks
Seacoast National Bank ($21.34B) · Mechanics Bank ($21.25B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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